Forex Basics - What is Forex?

[Cutiekc]

Forums still make provisions for newbies to throw in questions and get cleared where they think they find things difficult. It's now left for the newbie to phrase his questions well and sample opinions by going through the posts one after the other.

Well, I still dont agree with you because the questions and get anwered can alone make someone who already has knowledge of forex trading to comprehend whats the question all about, furthermore, remember I said paid forums. Forums like babypips are cool

 

[barood4money]

Well, I still dont agree with you because the questions and get anwered can alone make someone who already has knowledge of forex trading to comprehend whats the question all about, furthermore, remember I said paid forums. Forums like babypips are cool

I agree that. Babypips is very good for the newbies. If they go through all the lessons, they will get good knowledge about forex trading. But at forums there are multiple personal opinions for a questions. And it gets very hard for newbies to understand.

 

[Decub]

I agree that. Babypips is very good for the newbies. If they go through all the lessons, they will get good knowledge about forex trading. But at forums there are multiple personal opinions for a questions. And it gets very hard for newbies to understand.

And there is no way forums will give you a streamlined solution. It will always be varied opinions because they are from different views. The impression you have about Forex is different from that which I have about it.

 

[Cutiekc]

I agree that. Babypips is very good for the newbies. If they go through all the lessons, they will get good knowledge about forex trading. But at forums there are multiple personal opinions for a questions. And it gets very hard for newbies to understand.

Yes and even some answers or rather oppinion will even get the newbie confused or mislead him or her. Obviously not all posters on forex forum are actually real traders. Some trades ones in a while with the demo just to get knowledge. For a newbie to know the real definition and all about forex he should go for a non paying source.

 

[barood4money]

Yes, I agree that. Newbies are advised to start from a place where they can learn everything. But at forum newbie will get totally confused and distracted. For me forum is the better place to get to know about different experiences.

 

[Decub]

One even discovers that in forums where the newbie should be more concerned about learning the basics and understanding how Forex works, there questions most times are tailored towards making quick profits.

 

[barood4money]

Yes, thats true. As in forex you can earn instant, this point attracts many newbies. Which gives them the glimpse of earning good amount. And thats why most of the newbie ask how to earn quickly at forex trading.

 

[Cutiekc]

One even discovers that in forums where the newbie should be more concerned about learning the basics and understanding how Forex works, there questions most times are tailored towards making quick profits.

Well, there can be different definition for forex traders depending on which perspective that we all sees it because forex trading though generally is the exchnage of currencies but there are more added to it in the sense that its not certainly the exchange of currencies.

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One even discovers that in forums where the newbie should be more concerned about learning the basics and understanding how Forex works, there questions most times are tailored towards making quick profits.

Well, there can be different definition for forex traders depending on which perspective that we all sees it because forex trading though generally is the exchnage of currencies but there are more added to it in the sense that its not certainly the exchange of currencies.

 

[barood4money]

I think you will be different opinions about forex from different traders. And the opinions are based on the prospect the traders follow. But the default meaning of forex is that it is a place where you can buy and sell different currencies.

 

[Decub]

Basically, the real definition of Forex lies in the fact that it is the buying and selling of major foreign currencies. Most other conotative meaning some have given it depends upon the complex nature of it.

 

[anosocialnet]

[MENTION=75]Cutiekc[/MENTION]
Thanks for that comment because i was telling a friend about the same sentence you has said. I told him that forex trading has No fixed monthly earning...and No need to argue it, because it is a profit or loose business.

 

[Angelic]

its very simple, forex trading is the buying and selling of currencies simultanously in such a way that its been done in pairs. For example EURUSD. But for one to make proofits in the business the person will need to make properly analysis that will tell how profitable he or she will be.

 

[anosocialnet]

[MENTION=482]glucoseguy[/MENTION]
You know every one needs a big money with a lesser work, then moving into many thing in life that can earn them that desire...while does that are found into forex trading never think to work on they demo accounts for more months, never practicing it as their real account, and also in hurry to trade away their big funds.

 

[barood4money]

[MENTION=482]glucoseguy[/MENTION]
You know every one needs a big money with a lesser work, then moving into many thing in life that can earn them that desire...while does that are found into forex trading never think to work on they demo accounts for more months, never practicing it as their real account, and also in hurry to trade away their big funds.

Yes, thats right. Everyone wants to earn good money at short time. But to be a self trader then it is very necessary to learn all the things. And it takes few months to enter the arena.

 

[Markllee30]

Truly said...forex trading doesn't restricted with one or two pair of currencies but many...we can also have trading on metals, commodities( hard commodities, soft commodities, energy n agriculture commodities).

 

[Decub]

[MENTION=75]Cutiekc[/MENTION]
Thanks for that comment because i was telling a friend about the same sentence you has said. I told him that forex trading has No fixed monthly earning...and No need to argue it, because it is a profit or loose business.

But even the newest trader should understand that Forex has no fixed earnings. Your earning is dependent upon so many factors ranging from market conditions, skills and capital.

 

[barood4money]

Truly said...forex trading doesn't restricted with one or two pair of currencies but many...we can also have trading on metals, commodities( hard commodities, soft commodities, energy n agriculture commodities).

Yes, as forex has vast products like currencies, metals and commodities, we can focus on anything we want. I now for newbies it will be difficult to understand all the things, but slowly they will learn everything.

 

[Decub]

Yes, as forex has vast products like currencies, metals and commodities, we can focus on anything we want. I now for newbies it will be difficult to understand all the things, but slowly they will learn everything.

Yes there are so many sides to Forex trading but the one that gains much interest, attention and of which everyone is always going after is currency trading.

 

[scalperfx]

can you tell me how does forex work??
and how the chart signals got from??

 

[riddick09]

You don't need to have signals if you can have your own. You can do it in your trading strategy and you will able to achieve that if you will have trade in the platform and with the use of the indicators. You will trade in real account which you will invest in the account.