Forex, short for foreign exchange, refers to the global marketplace where currencies are traded. It involves buying one currency while simultaneously selling another, with the aim of profiting from currency value fluctuations. Traders, including banks, corporations, and individuals, participate in this decentralized market to speculate on currency movements. Forex is known for its high liquidity, 24/5 availability, and potential for significant gains or losses.
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I'm a forex trader, I think I'm in a good postion to answer this questions. 1- Submit to time: you have to do away with any get rich quick mind set and get ready to work it out, it's not easy, 70% lose their account. 2- Study price action: Read books and watch videos on price action, this will helpRead more
I’m a forex trader, I think I’m in a good postion to answer this questions.
1- Submit to time: you have to do away with any get rich quick mind set and get ready to work it out, it’s not easy, 70% lose their account.
2- Study price action: Read books and watch videos on price action, this will help you understand the market and why price do what it does, with this information you’ll be able to trade with confidence.
3- It takes time: Do not think you’ll be a millionaire in two years, you’re probably going to spend five years to reach that pro level and start making a killing at the markets.
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