Investemnt in Forex

[StuartWoolridge]

Investing in forex doesn’t mean only investing money. Forex requires traders to invest their time in consistently working hard. Forex trading like any business startup needs proper knowledge and planning.

 

[radex78]

Investing in forex doesn’t mean only investing money. Forex requires traders to invest their time in consistently working hard. Forex trading like any business startup needs proper knowledge and planning.

Yes, this is a long-term business actually, no shortcut to success, although there is so much trading software, seems profitable, but one needs to prepare for the risk because forex itself is risky business. Avoid greed in trading because many have proven that trading based on greed just lead the failure.


Amateurs sit and wait for the Inspiration

Overcoming Greed while trading

Understand in Details and Get the Answers from the Experienced Forex Traders and FXOpen Forum Members.

Learn Forex Trading with FXOpen Forum

 

[AndrewMcCalam]

Investing in forex doesn’t mean only investing money. Forex requires traders to invest their time in consistently working hard. Forex trading like any business startup needs proper knowledge and planning.

any kind of trading plan can be useless if there is no regular level of practice.

 

[PeterNguyen]

any kind of trading plan can be useless if there is no regular level of practice.

agree, learning should come along with practice. That is why newbies should open a demo account so they can practice and get some experience than just pure learning knowledge.

 

[easymon1]

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.

PN, are you a rules based trader?
What timeframe charts do you like?

 

[NeilKruger]

agree, learning should come along with practice. That is why newbies should open a demo account so they can practice and get some experience than just pure learning knowledge.

demo is good , no way to deny . but i prefer micro account instead of this to acquire live knowledge and experience.

 

[FahadMd]

for beginners level i don't support micro account , it can make beginners level emotional and greedy.

 

[Vomitory]

Learning alone won’t help you. You will have to determine how to make use of your knowledge in the market. Demo trading can help you overcome this barrier by letting you practice on a simulator.

 

[ursulamajor]

Svetlana, look up "currency ETFs" on Google. That's probably the most straightforward way to invest in a currency besides just buying a bunch of bills.

Some links you may find useful:

https://www.investopedia.com/terms/c/currency-etf.asp
https://etfdb.com/etfs/asset-class/currency/

 

[FahadMd]

Learning alone won’t help you. You will have to determine how to make use of your knowledge in the market. Demo trading can help you overcome this barrier by letting you practice on a simulator.

learning is important , no way to deny but it can be useless if there is no regular level of practice.