Forex Tips & Forex Advice
55 Free Forex Tips for successful trading 📋
Beginner Forex Tips
Every new trader comes to Forex with a single goal in mind — to make profits
The good news is — you can do it! Anyone can profit trading Forex, some even move on to achieve financial freedom...But...
Skip promises, bonuses and other "easy ways" to succeed
While pursuing a successful trading career, be cautious about bright colorful promises made by Forex brokers, Forex websites, book publishers, courses sellers etc.
Success doesn't come overnight, be it Forex or anything else
As a beginner, you may find entering the currency trading world quite overwhelming at first.
Take small steps, expect to struggle a bit at first. Forex trading is the as demanding as any new discipline you choose to master.
Don't treat Demo as "newbie land". Demo is an essential step even for experts
Despite challenges, Forex trading is very exiting. It is advised to open a Forex demo account with any broker and dive into the world of virtual trading, which will become your learning base for the next several months.
If you're new to Forex trading, don't rush in to trade with real money
...Unless you can afford to lose it, because you will most certainly do, if your trading experience is less than 3 months.
There are debates as to whether it is better to stick to demo trading or open a small live account for learning purposes. The answer is: it depends on your financial situation:
...If you can afford losing some money in trading (because you will lose, no one is immune from losses, and certainly not beginner)
If, however, you're not comfortable with losing $100-200 over a week or two (some may even do it faster), then stick to demo trading until you're ready.
There is no Holy Grail Forex system
Don't believe online marketers who try to sell you a system or indicator for $60-100 USD, with promises to guarantee you huge profits and financial freedom. It is all lie, unfortunately. If there was a way to invest $100 and make a million with it, it would mean the collapse of all financial systems in the world: a total joke, an impossible fairy tale that many beginner Forex traders buy from smart online marketers who sell their products.
Markets won't move faster because you need to learn or profit sooner
Keep on studying at your own pace and with the market, get inspired about Forex trading and master this disciple of Forex market trading in few years to call yourself an experienced trader.
Make profits as a result of your own knowledge and experience, it won't and can't be achieved in any other way.
To your trading success!
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