Forex Basics - What is Forex?

[anosocialnet]

It is really not about how much time we have to give to it, is the main thing that matters with this business, but a quality time and concatration in being an Advanced and good trader. So having it to be the next year program will mean for the trader to give it his early plan and 100% attention, not that he will not be attending his or her other works or things. But very concatration to have a very higher improvements in the market

 

[Decub]

Forex is also seen the angle of a business which is worth going into only when the trader has understood to some extent, the market. The market is always varying both in volume of transactions and in rates or prices. It is advisable for a trader to only trade when there is a fair and reasonable analysis that points towards success when we eventually trade.

 

[anosocialnet]

As the Market is always in variation of the price, volume of transactions, rate etc ... that mainly why it is necessary that we have to keep on getting more knowledge and skill about this business. Because even the Expect Traders do lose their fund invested as to earn profit from the Market. So we have to keep on learning and practicing, with time we will be earning good with Forex Business.

 

[Markllee30]

i agree with you. but along with that i want to mention one thing practice makes perfect. so you have to invest in forex if you want to learn properly.

This is very true practice is very important in forex. the more we practice the more we get trained and trade well.

 

[barood4money]

As the Market is always in variation of the price, volume of transactions, rate etc ... that mainly why it is necessary that we have to keep on getting more knowledge and skill about this business. Because even the Expect Traders do lose their fund invested as to earn profit from the Market. So we have to keep on learning and practicing, with time we will be earning good with Forex Business.

Yes. It is true. If we keep learning and practicing at demo account then it will be very easy to remember everything while trading. Practicing will help you to keep everything in your fingertips. And this will help you to avoid troubles while trading.

 

[sindarin]

Forex is a field of work that has actually been around since ancient times, but lately more and more popular because of its access fairly easily among traders who are in the third world countries, and also with the internet we can execute our trading faster.

 

[anosocialnet]

Yeah, I think that your right with that one. You know, the third world has lesser chances or better chances to make money online, that is way most offers are not been allocated to them. But Froex Trading makes every thing about location to be in it's equality, that is why it is generally accepted, from the Giant countries to the Dwarf countries ... Equal form.

 

[haseeb]

Forex is the most simplest form is an exchange of currency. The more we know how to trade the more we can end up having good profit. I do recommend that we spend more time trading in forex and making some profit once we know how to handle our account in here.

 

[anosocialnet]

yeah, the more we know how to trade, the more we will earn more profit and live happily because we have been prosperous in this business and still progressing. So that's why we needs to be more focused in this business, in terms of accumulating more knowledge for good.

 

[Decub]

Yes. It is true. If we keep learning and practicing at demo account then it will be very easy to remember everything while trading. Practicing will help you to keep everything in your fingertips. And this will help you to avoid troubles while trading.

The only true way to get something out of Forex is to invest our time in learning. Since there is no guarantee for a trade without loss, it then becomes necessary to do our own part of the job by learning more of it so as to stand on a safer ground when the issue of lack of knowledge being a reason for failure comes in.

 

[willy]

this business is great and can make any body rich but the only bad thing in it the high risky but we can avoid it by trading with strong money management and learning very well and also training with demo account at least 6 months because forex needs high level of experience

 

[Pettyeve]

Forex is a good business that can make a trader rich if he or she is taking the trading serious. Whereas it is good to help you meet your financial goals, it is also bad because you can lose very quick if you don't know how to trade.

 

[Tom Latham]

Forex is a good business that can make a trader rich if he or she is taking the trading serious. Whereas it is good to help you meet your financial goals, it is also bad because you can lose very quick if you don't know how to trade.

Basically, it depends on the traders trading skill; when you have a good skill, only then you’ll able to make consistent money! Otherwise, Forex trading would be much painful.

 

[john.brave]

Forex trading is not an easy thing. But it does not mean it can't be learned.

 

[Svetlana Loboda]

Forex trading is not an easy thing. But it does not mean it can't be learned.

Same opinion from me; Forex is one of the most challenging job but not impossible! New traders mainly need to focus on learning instead of earning! There is no shortcut way of learning technical & fundamental analysis.

 

[anna.serea]

I am happy to get basic information through this thread. thank you

 

[Fx Master]

Really Forex is too much tough for the traders who are in particularly newbie. So, obviously a new trader should work hard to achieve the market easily. they should make a best strategy for themselves . they should spend most of their time in analyzing Forex market because it will increase their knowledge of analysis. They also should practice much on demo account to make their trading easy. Then they should choose a right and reputed broker for them .

 

[Vernessh]

Forex means foreign exchange where you exchange a currency with other currency. Then, you exchange it agin according to the change in the prices of the currency. The actual value of any currency does not stay at one point. It keeps changing and you utilize this change for your profit.

 

[Tom Latham]

I am happy to get basic information through this thread. thank you

Nice to know; even I am sure if you research on old threads then you’ll get more advance trading guideline here! Thank you.

 

[Lee Mark]

I see; there have so many advanced answers! That’s the power of this community! No doubt, this is one of the best Forex community ever!