Investemnt in Forex

Nobert said:
It's not that complicated.
Forex on retail level is mostly speculation.
The definition of investment ,- something that has value and produce cash flow.
Thus, Fx, stands for speculation.

But, from a practical side,

you could try using TA and economical predictions for that matter, to turn few lots into ,,long term investment", say to protect your local currency Lira (for example), and then buying US dollars, (exchanging Liras to Dollars), but then, you have to be good at that.

Yet, that wouldn't make too much sense, since, buying good companies, in stable countries like US/UK etc, at the right time & for a good price, would produce much better results, over the longer time like 5 or 10 years.

If you're from Russia by any chance, the best returns will come from ,,evacuating'' into Finland, & starting a new life there, or, at least, staying/living there until life in Russia, gets back to normal.
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that is just a fine reply with good information . Thanks sir
 
Forex is a trading instrument and not an investment where you speculate how the price will move in the near future. If you are asking about the right pairs then any major pair will do. In the beginning you can stick to EUR/USD, then after some experience can add other pairs to your portfolio. But stay away from exotic pairs at least as a beginner.
 
Major pairs like EURUSD or GBPUSD have good liquidity for trade and they have less spreads as compared to the exotic trading pairs in my opinion.
 
bublu said:
Major pairs like EURUSD or GBPUSD have good liquidity for trade and they have less spreads as compared to the exotic trading pairs in my opinion.
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Exotic pairs are the most dangerous trading instrument, there are some drawbacks on exotic pairs, the high spread is a common issue when trading on exotic pairs, trading on gold or silver also challenges trading pairs.
 
Forex is for traders who can adapt to the changing market conditions. It’s for the brave heart who knows that the market makes sudden moves but still trades on the basis of past market analysis. It requires experience and skills to make the most of your forex career.
 
The only thing a trader should adopt should be focus, discipline and patience primarily while learning in order to become successful as per my own personal opinion.
 
Forex is a long-term gain and definitely a get-rich-quick scheme. A new trader should focus on getting proper education on trading and understand all the basic concepts first, aiming for profit as this stage isn't exactly necessary. However, i would still suggest they open a micro/cent account instead of the demo as even trading with a small amount of money will teach them better trading discipline and overcome their anxiety.
 
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