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[Mar20]

Forex is the world's largest financial market where individuals and institutions buy and sell currencies. The goal is to make a profit from price fluctuations in the market. Understanding the factors that affect currency values is key to success in Forex trading.
Forex, or foreign exchange, is a decentralized global market where currencies are traded. It operates 24 hours a day, five days a week, and is the largest financial market in the world by volume.
Individuals and institutions participate in Forex trading by buying and selling currencies with the goal of making a profit from the fluctuations in currency values. The value of a currency is determined by supply and demand, as well as various economic and political factors such as interest rates, inflation, and political stability.
Forex traders use various strategies and tools to analyze market trends and make informed trading decisions. They must also manage risk, as Forex trading can be highly speculative and volatile.
It is important for individuals interested in Forex trading to educate themselves about the market, understand the risks involved, and use sound risk management strategies. Choosing a reputable Forex broker and having a clear understanding of your trading goals and risk tolerance can also help to increase your chances of success in the Forex market.

 

[Wisdom01]

The forex market is actually a market whereby different currency pairs are been traded , assets and others , before anything it's important to actually learn about the forex trading so you could actually earn more off it

 

[Ofonime]

The forex market is actually a market whereby different currency pairs are been traded , assets and others , before anything it's important to actually learn about the forex trading so you could actually earn more off it

Learning about the forex market should be the first thing which you need to do as a trader don't trade without knowledge this is going to end you up in loss so I think that acquisition of both fundamental and technical analysis skills should be the first step to take for proper trade

 

[Wisdom01]

Learning about the forex market should be the first thing which you need to do as a trader don't trade without knowledge this is going to end you up in loss so I think that acquisition of both fundamental and technical analysis skills should be the first step to take for proper trade

Thats definitely what I am doing , I think the forex involves both the fundamental and technical analysis , I think combination of both would actually help in making better trades

 

[a_jerobon]

That is a great explanation of what forex trading is all about. I like it because it is something that you can have control over unlike gambling where you totally depend on luck. You just need to study the skill well and know how to manage risks.

 

[MarryL9]

That is a great explanation of what forex trading is all about. I like it because it is something that you can have control over unlike gambling where you totally depend on luck. You just need to study the skill well and know how to manage risks.

understanding the forex trading business and market is all about determination first you need to be determne and ensure that your effort is always there forex is not to see as a gambling or ponzi scheme by which we make money faster through luck but in forex trading you wll need knowledge and proper understanding of the market trend in this financial market before you can come oout with victory

 

[Wisdom01]

understanding the forex trading is important , before you trade have ideas about what you are trading and intiate the ideas that you have , I think these are the important things that the traders should have in mind

 

[Gen Evie]

The forex market is a worldwide network of exchanges, brokers, banks, and institutional investors, and retail traders, who buy, sell, borrow, or lend different currencies throughout the trading day. Each currency is regulated by a central bank that determines the supply and interest rate for that currency. Traders seek to profit from the changing interest rates and relative values of the eight major currencies.

 

[Flower]

understanding the forex trading is important , before you trade have ideas about what you are trading and intiate the ideas that you have , I think these are the important things that the traders should have in mind

Additionally, involving in forex trading require you to have enough experience about it . Learning about it on the adequate and proper channel is one of the best ways to gain advantage in the forex market.

 

[Wisdom01]

Additionally, involving in forex trading require you to have enough experience about it . Learning about it on the adequate and proper channel is one of the best ways to gain advantage in the forex market.

when Involving in forex trading is actually important to take note of risk management , managing the amount you would be investing is so important so that you would actually invest with caution and won't lose more money and others I think

 

[Bigron]

A global exchange where foreign currencies are traded is called forex. A forex trade, in its most basic form, entails purchasing a particular currency whilst simultaneously trading another. Profiting from the difference in value across the two currencies is the aim. Brokers are used to conduct forex trading.

 

[Yohanna]

it's an enterprise that is going to earnyou substantial amount of money if you understand the ins and outs . Understanding the basics of forest is very phenomenal to making more success as a trader.

 

[Oluwatoyin]

Forex trading involves buying one currency and selling another simultaneously. The currencies are traded in pairs, such as the EUR/USD, which represents the euro against the US dollar. The first currency in the pair is called the base currency, while the second currency is called the quote currency.

 

[Ming98]

It is important to understand how the market works, the major currency pairs, and the factors that can affect currency prices. Some of the most important factors to understand include economic data, interest rates, political events, and central bank policies. By gaining a thorough understanding of these and other factors, traders can better assess market trends and make informed decisions about when to enter and exit trades. In addition, understanding the psychology of the market can also be beneficial for successful trading.

 

[Wisdom01]

It is important to understand how the market works, the major currency pairs, and the factors that can affect currency prices. Some of the most important factors to understand include economic data, interest rates, political events, and central bank policies. By gaining a thorough understanding of these and other factors, traders can better assess market trends and make informed decisions about when to enter and exit trades. In addition, understanding the psychology of the market can also be beneficial for successful trading.

I also feel to earn from trading , it's really good the trader don't trade everytime , understanding when to trade is actually important. there are some instances that over trading have negative effect

 

[Wisdom01]

Understanding forex is actually important because for you to earn off the scheme , you must understand it first before anything , because that would build the way or capacity that you can be earning better of

 

[Wisdom01]

In forex, we can make huge profit but also possibly get loss in trading, here really needs good knowledge and experience to become profitable traders, if not yet feel ready to start in a real account because still fears losing money, hence practice in demo ECN FXOpen is free were we can practice trading in real market conditions using virtual money or fake money, this is useful to backtest trading skill before start in real trading account.

Using and understanding forex scheme is actually so important , because as a trader it's good you understand the scheme and look for ways you could earn to reduce loss drastically. because that's so important

 

[abdul001]

understanding the forex trading business and market is all about determination first you need to be determne and ensure that your effort is always there forex is not to see as a gambling or ponzi scheme by which we make money faster through luck but in forex trading you wll need knowledge and proper understanding of the market trend in this financial market before you can come oout with victory

Yeah, forex is not a get rich quick scheme and its not something you can just get started with without proper grooming by an expert and you should have also used a demo account for practice before trading live.

 

[Crystal247]

Yeah, forex is not a get rich quick scheme and its not something you can just get started with without proper grooming by an expert and you should have also used a demo account for practice before trading live.

Sure, you reminded me about last year, after creating account on a forex broker, I instantly received $500 on my demo account for training. You know what happen next!
I lost all the money on practical on the demo account.lol.

 

[Lens_]

Forex or foreign exchange is a marketplace where we trade currencies up to 24/ 5 that means that it operates five days in a week and it allowed traders to speculate on the price movement of the currencies.

 

[Flower]

Understanding Forex involves gaining experience about the basics of currency pairs because each pair represent the value of one currency in relation to the other. For instance, EUR/USD and it is very important to have relevant experience before you try the business.