True that!Tik Tok, Instagram, facebook... and most social media will mess up both teenagers and adults minds way before having an effect on the markets.
And I am all for progress.
True that!Tik Tok, Instagram, facebook... and most social media will mess up both teenagers and adults minds way before having an effect on the markets.
And I am all for progress.
Agreed, and talking about strategies, the one that helped me a lot was to look at the price breakout when the market ranges between the bands of support and resistance for risk management.What I believe is that amateurs make ‘How To’s’ YouTube and tiktok business videos to become successful traders. Now novices follow them and their strategies blindly and eventually end up losing money. The authentic way to begin trading according to me would be to spend a few months learning about the essentials including the currency pairs, marking the entry and exit points, defining your risk, and the time frame.
Agreed and I too emphasize on diversifying the funds within more than 1 broker. Acting as the access point, they’ll help you trade in the most lucrative currency pairs along with dealing spreads that will indeed make your strategy quite competitive.Paraphrase :
,,Can FX take away, last pants & socks from tikTok users ?"
Yes. And it does so every day. It's the most liquid market. Bunch of kids drawing lines & imagening that they are the next Soros, ain't gona change anything in it.
You should diversify your funds between 2 or 3 brokers. Allocate the most - in the largest one.
As in watching videos of Tiktokers and Youtubers will help the beginners and suffice their trading decisions?No.
Ha ha can’t agree with you more. Tiktok is fun for the challenges but when it comes to placing your hard-earned money, I think a more credible source, say reliable brokers would suffice.YES! TIKTOKERS ARE GOING TO EFFECT THE EXCHANGE RATE OF CURRENCIES BETWEEN TWO COUNTRIES!
Fer crying out loud. Are you that new to the world?
*And you know what is really messed up? I do not trade FOREX. But I have a BRAIN, and can think for myself. Fancy that! I am not impositioned by TikTokers! WOW!*
Will wonders never cease!
You need pie.
True and I personally believe forex trading being so vast, a few minutes of watching videos can’t help anyone. Investing for a few months, learning how the trade works and then practicing on a demo account will do much good.Tik Tok, Instagram, facebook... and most social media will mess up both teenagers and adults minds way before having an effect on the markets.
And I am all for progress.