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afez420
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afez420 started following Low Spread is good or not?, What is a forex broker? And how to get the best in your country., Youtube or tiktok , what is the best ? and and 3 others
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brokers What is a forex broker? And how to get the best in your country.
afez420 replied to Jeremias1997's topic in Forex Trading
Forex is usually dominated by smart money and large financial institutions with so many assets in backing. Billions of dollars worth of assets. Large hedge funds and things like that dominate forex -
What are the things should you do for start trading ?
afez420 replied to ahmedasd's topic in Forex Trading
I also think that you should set up a budget that you can afford to lose. Research your trade heavily and look into fundamental and also technical analysis before making your investment. -
I have been using tiktok lately and it has been an amazing experience. Love the constant stream of content and no need to find good stuff to watch. The algorithm for tiktok fits for you and it is very fun to use.
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Almost the same. I got platinum rank in league of legends and also counter strike global offensive is very fun. Old school runescape is also very enjoyable for me.
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Exactly the same story for me. Using other apps that were not very good and then found this site from a friend. Having a great time here so far and earning a little bit of money on the side which is great.
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What are the things should you do for start trading ?
afez420 replied to ahmedasd's topic in Forex Trading
Staying up to date with market news is also another thing that I would add is very important if you want to succeed in investing. Especially when it comes to forex and crypto since these are volatile markets where a single piece of news can change the price of an asset drastically. -
Low spreads can mean a consistent low profit that if automated can lead to a good return over some time. It is also a good thing when you want to invest in the long term since a low spread means a high liquidity of the asset.
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Forex is a very hard market to make money. It is filled with large financial institutions with billions of dollars in assets. It is hard to make money over these people since they have more information and respond faster to news and information.
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How can i start forex with no risk of money?
afez420 replied to Bitcoinjunky's topic in Forex Trading
Investing always has risk and you take that risk knowing that you can lose your money or gain money. There is no way to go about this without having the possibility of losing money. -
What the difference between trading and forex ?
afez420 replied to Mohssine's topic in Forex Trading
Trading is just the verb of investing. Forex is a type of trading. Forex is foreign exchange meaning investing in currency rates. For example the dollar to the euro. -
Are you born being a good trader? or is it done?
afez420 replied to Albany1209's topic in Forex Trading
Some things are born with that help with trading for example, staying calm during a stressful situation or being able to multi task and keep your attention for a long time. But this can all be overcome with certain ways of investing, -
Using support and resistance levels is a great way to make money. It is a solid way to figure out when to put in your trade and when to get out and take your profits.
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Using margin basically adds risk and volatility to your trades. This can turn out great, but also can turn out terrible. If you have a 5x margin a 20% decrease in the price will make you lose all of your money.
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Very hard market to make money into. Large financial institutions like hedge funds and banks make up the vast majority of trading here. They have a lot more access to information and trade faster than you ever could.