Forex is a lucrative business with a lot of opportunities to make money on daily basis. Some of my friends are making good amount of money trading forex. How will I start trading forex?
How to start forex trading?
- Thread starter Magnus2022
- Start date
Like you said that forex is risky and that is why we must use money management in our trades. Even if our prediction or tools seems correct, we still need to practice money management
Sure I think this will need one needing a lot of training before taking off.
First of all join classes and learn as much as you can before you venture into it.
This is the way to go. One will need to learn and understand before taking a leap to lesrn
If you really want to start Trading Forex you need to be determined to learn because you will keep learning everyday when you rove into Forex eventually.
Starting forex trading can seem daunting, but it doesn't have to be. The first step is to find a reliable broker and open a trading account. From there, you'll need to do your research and develop a trading strategy. You'll also need to familiarize yourself with the basics of technical and fundamental analysis. Once you have all of these pieces in place, you can begin trading with a demo account to practice and refine your skills before moving on to live trading.
Forex is a very good investment if you understand the intricacies.
I would love to trade om Forex someday but I don't have the capital for that now.
It is a form of investment that is worthwhile. You can just keep $100 for it.
To start forex trading, you need to open an account. Some banks or invest companies offer the service to do trading on your behalf and you pay them a fee based on the earnings. If you decide to do it yourself, you need to devote some time to learn it.