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What is Forex Trading - for Beginners - part 2


LRdude

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  • 2 years later...

May I add that forex is a very risky business. Anyone can trade but not everyone will make profits. You will have to learn all that you can before you make a real profit. Its better to trade as a knowledgeable trader then to not have anything at all. You will need to practice in a demo until you can see that you know how to take profit then trade in a real account and then use a cent account to prevent losses and see how well you do. 

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  • 1 month later...

May I add that forex is a very risky business. Anyone can trade but not everyone will make profits. You will have to learn all that you can before you make a real profit. Its better to trade as a knowledgeable trader then to not have anything at all. You will need to practice in a demo until you can see that you know how to take profit then trade in a real account and then use a cent account to prevent losses and see how well you do. 

 

 

I agree with you, forex trading is a risky business. everyone can run the business, but not all of them can make a profit. Knowledge and skills alone are not enough to be successful in forex trading. Psychology, discipline, patience, good money management is also very necessary.

 

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My contribution is that forex trading is quit risk no matter how had you try you can never escape the risk so one has to be fully loaded with tutors to enable you start

 

forex risk is great. but we can minimize the risk. skills and knowledge of good trading alone is not enough to be successful in trading. Discipline, patience, good money management is indispensable.

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  • 4 weeks later...

i don't know about forex

 

 

forex is foreign currency trading. The forex market is open 24 hours to 5 working days. So we can trade whenever you want. To understand forex, we need to learn and practice. We can learn and practice trading using a demo account. Here we can understand the basics of trading. For starters we can also learn trading through instaforex training videos. Here we can learn a lot about forex trading. After that, we can test the ability of our trading in real account. In instaforex we can open a real account with $ 1. And you can test your trading skills.

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  • 2 months later...

There could just be some very vast definition to the business when it comes to what the business Forex is all about. Forex is an acronym for Foreign exchange which is a business that is all about trading in Foreign currencies. Here, the trader aims to buy at a low price and sell at a higher price. That is majorly the concept of Forex.

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I think forex trading is just a risk filled business which we can do from the comfort of our homes and that it involves buying and selling of currencies, this is one of the best businesses which we can find online to do and it has the largest market online if I am not mistaken somehow.

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I think forex trading is a very profitable business. We could benefit a lot from this business. Moreover, this business is a business that is highly flexible. we can trade anytime. And this business can be done online. That way, we can run this business at home. So many people are interested in this business.
 

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Thanks for this great information, because I myself don,t know anything about forex trading. The question I now have is that, since you can do trade whenever you like, and forex involves buying of currency at low price and selling at high price. Then why do people lose, can't they wait till the value of the currency increase, before they sell it, so that they can make profit from it?

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@Kenny, take it like this, that Forex is a business that has so many movement and changes in trend and tides of the market. You can hold your position for as long as you like but Forex is not something you expect the price to rise as the day goes and that is why you need to analyze to know the best time to buy and sell.

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Forex is not as easy as we imagine. We need to do a good trading analysis to be able to make a profit. without it, then we will only lose. Therefore, for a newbie it is advisable to practice a lot of trading in a demo account. With a demo account, we can trade without risk.

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Thank you. Sometimes I really find it so difficult to believe or understand those who seem to paint Forex as easy as though our capital does the whole job. Forex is not easy for any one and there hardly would be any trader who would find it easy to trade in Forex. I think it's something that holds.

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  • 1 month later...

The definition is something almost everyone understand easily but it doesn't get easy to learn it that way. Forex isn't just like buying low to sell high but also includes preparing for same too. You have to trade in it with adequate analysis if you want to make profit from the business as well.

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forex market contain high degree of risk. someone need to understand how to conduct proper analysis. without ability in analysis, difficult to traders point out best entry level. or generate good trading decision. many traders spend months and even years to make themselves knowledgeable and profitable.

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Forex trading business is a very risky type of business that the trader who is trading in it will have to be very careful. It is known as the buying and selling of foreign currency in the forex market which has no body controlling it. Traders make profit in here by buying low and selling high.

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have  preparation trading psychology with good  is indispensable for beginners because then we can trade comfortably so that we will get the maximum trading. for that, we need to exercise on a regular basis so that we will have the skills to  trading a real account

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Forex trading for beginners mainly centers around learning how to trade. There is no way you can trade in Forex if you lack the basic knowledge of Forex and understand how the business environment works. Learning how to trade entails your knowledge and zeal to learn as well. There is no one that came predestined for success but it is something that comes from hard work.

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  • 2 weeks later...

forex for beginners is a difficult business. however, it will serve a good trading result when traders start to take learning and make themselves knowledgeable. skilled traders unable to make perfect profit, but they are able to minimize the loss results and gain profits more than losses.

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Forex trading for beginners mainly centers around learning how to trade. There is no way you can trade in Forex if you lack the basic knowledge of Forex and understand how the business environment works. Learning how to trade entails your knowledge and zeal to learn as well. There is no one that came predestined for success but it is something that comes from hard work.

 

Trading in forex is not easy as we think. If we want to get maximal result, we must learn first. I think a professional trader also a beginner when they were new in forex. But they want to learn and improve trading skills, so they can get maximal result in forex trading.

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