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Investing in Forex | Myfxbook
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Look for mentor to stick with if confuse
Before investing your money use a broker that you know your money is safe and genuinely being traded and not a scam. And stick with one broker for a certain period instead of jumping at once.
forex is not investing. Forex is speculating. an important point that should not be forgotten
Forex is the largest of all financial markets, surpassing any stock exchange in terms of turnover by 50 times. Every day, it trades more than 5 trillion dollars, and according to experts ' forecasts, the turnover will double in ten years. Such a huge amount of money makes speculating on the difference in quotes an incredibly attractive occupation. Due to high liquidity and volatility, you can conduct transactions of any size in a very short time, receiving fabulous dividends.
Before investing in forex market, a trader should gather knowledge about the trading and the market. Read analytics, watch video tutorials and start with demo account. Demo account helps a trader to know about the market quite perfectly.
Mar 20 2020 at 12:28
Biedrs kopš   7 ieraksti
forex is not investing. Forex is speculating. an important point that should not be forgotten
This is lost on most traders. Forex trading is closer to gambling than it is to investing
Mar 23 2020 at 10:40
Biedrs kopš   46 ieraksti
Invest in Forex is just like investing in your business, if you have an idea of what your doing you have scope, or else there would be tremendous loss.
Mar 23 2020 at 11:34
Biedrs kopš   9 ieraksti
use of money management will help most traders. Some start with an account of $1000 and lose it all in a few weeks because they risk too much. Money management in Forex trading is like cost control in a normal business. If you do not understand your costs then you are setting yourself up for a loss
The Mad Quant (madquant)
Mar 23 2020 at 12:04
Biedrs kopš   52 ieraksti
First of all, forex is not investing. It's a speculative endeavor. Hence, people here are speculators and not investors. It is very important to differentiate the two. :-)
Mar 25 2020 at 09:13
Biedrs kopš   15 ieraksti
Thank you for the important points and suggestions.
Mar 25 2020 at 11:03
Biedrs kopš   6 ieraksti
really can make foreign exchange investment? I'm confused. I want to find a better way to learn, but I have never found it, and my account is always in a state of loss. I feel very sorry, I really like to play investment games, really want to try. Foreign exchange investment is a new thing for me, I do not know how to better accept and understand it.
Income and risk coexist
The Mad Quant (madquant)
Mar 25 2020 at 13:13
Biedrs kopš   52 ieraksti
Again, forex trading activity is not investing nor investment. It is a very speculative in nature. Changing words interchangeably is very dangerous.
Mar 25 2020 at 15:51
Biedrs kopš   14 ieraksti
Investments is a good way to earn money. I think it is a good method for people who can't trade.
Mar 26 2020 at 10:31
Biedrs kopš   46 ieraksti
Forex investing was reserved for major financial institutions and high net worth individuals. However, advances in technology have enabled anyone to invest in the currency market online and over 30% of daily FX trading is now conducted by retail traders.
Mar 27 2020 at 08:14
Biedrs kopš   2 ieraksti
I have been trading forex relatively recently, by the standards of wholesale traders, 1 year is not enough, but I have already worked out my own strategies.
Mar 27 2020 at 10:27
Biedrs kopš   34 ieraksti
It's easy to start day trading currencies because the foreign exchange (forex) market is the most accessible financial market: Many forex brokers require only $100 as a minimum initial amount to invest, and some go as low as $50.
Mar 27 2020 at 10:51
Biedrs kopš   4 ieraksti
I have been trading for more than two years and with this platform I did not really manage to get much. there are more options on the net. Each trading platform offers its own conditions and development opportunities.😎
Mar 27 2020 at 12:09
Biedrs kopš   77 ieraksti
It's easy to start day trading currencies because the foreign exchange (forex) market is the most accessible financial market: Many forex brokers require only $100 as a minimum initial amount to invest, and some go as low as $50.
If you want to manage trading in fx when you are too good a trader, start with at least 1k for stress trading, 10k and above for full time trading.
Mar 27 2020 at 12:47
Biedrs kopš   6 ieraksti
My foreign exchange broker decided to temporarily stop all overseas business, I can not continue to do foreign exchange transactions, should I replace my foreign exchange broker?
Income and risk coexist
Mar 28 2020 at 10:24
Biedrs kopš   63 ieraksti
Forex investing doesn't suit everyone; for some, it is only trading that turns out to be profitable.
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.
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