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In order to learn and succeed in trading forex you'll have to do a few things:
1. Learn all about the forex world and forex strategies. Search in Google for "Forex education" and start reading.
2. Decide on the strategy that will suit your trading style the best. Since every person have a different personality, their trading styles are different as well. Are you a day trader or more of a long term trader?
3. Choose a forex broker.
4. Open a demo account and start practicing your strategy till you get the grip of it.
5. Open a live account and practice with small amount. There are all kinds of different accounts and you can start with 100$ or even less if you'd like. It depends on the broker.
In my opinion it's better to start with small amount of money and maybe invest more when you are comfortable with your trading strategy and happy with its results.
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∙ 12y ago
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The word Forex is short for?
Forex is a contraction of 'foreign exchange,' which refers to the global currency exchange market.
How do you generate foreign exchange?
To generate understand speculation and learn more about Forex related news and stratergy.
How is the forex market different from the New York Stock Exchange?
The main differences between the forex exchange market and new york stock exchange is that forex deals only with foreign exchange and the stock exchange deals primarily with domestic stocks.
Is forex online foreign exchange just for exchanging currency?
Mainly, yes. There are all sorts of tools for you to learn about how to trade. There is a tutorial where you can learn about all the things you can do on their website.
What does the phrase forex trader mean?
The phrase "Forex Trader" means someone that trades on the Foreign Exchange market. (Forex is a commonly used abbreviation of Foreign Exchange market.)
Where can one learn more about foreign exchange forex?
Internet is one of the learning sea place to learn Forex.
What kind of training is covered in Forex training?
Forex training is learning the successful strategies and tips to perform Forex which is Foreign Exchange Trading. In Forex training you will learn about the foreign exchange market and how to begin.
The word Forex is short for?
Forex is a contraction of 'foreign exchange,' which refers to the global currency exchange market.
What is forex education supposed to be?
Forex is for trading currencies and commodities and is a short form for Foreigh Exchange.. To receive education in forex and learn the ins and outs of foreign exchange you would have to study finances, and this can be done at a local college, university, or perhaps even online.
Where can one find information about learning Forex?
If one with his to learn forex trading there are many different locations on which they could learn about it. Some of these locations include: FXDD, Forex, go learn forex and many more.
How do you generate foreign exchange?
To generate understand speculation and learn more about Forex related news and stratergy.
What is forex exchange market?
Forex exchange market is a currency market and It is market for the trading of currencies.
How is the forex market different from the New York Stock Exchange?
The main differences between the forex exchange market and new york stock exchange is that forex deals only with foreign exchange and the stock exchange deals primarily with domestic stocks.
What exactly does a forex exchange mean?
I think 'forex exchange' comes from the term 'foreign currency exchange'. You can exchange your money from the currency of the country you are based in to a currency from another country.
Is forex online foreign exchange just for exchanging currency?
Mainly, yes. There are all sorts of tools for you to learn about how to trade. There is a tutorial where you can learn about all the things you can do on their website.
What does the phrase forex trader mean?
The phrase "Forex Trader" means someone that trades on the Foreign Exchange market. (Forex is a commonly used abbreviation of Foreign Exchange market.)
What is Forex Services?
forex is Foreign Exchange (buying and selling of foreign currency)
