Re: Forex for beginners - some advice
1. Never exchange with money you can't have the funds for to lose (i.E., lease money, meals cash, etc.).2. Forex trading is extremely risky, because of the high quantity of leverage that maximum forex brokers provide. Remember, leverage is a double-edged sword...It magnifies your profits, but at the equal time, it magnifies your losses. Most novices handiest see the "magnifies income" a part of the equation. They forget approximately the "magnifies losses" element. As a end result, they risk too much cash and become losing all of it. Don't make that mistake. Trade conservatively.Three. The first priority for any dealer is to "Protect Thy Capital". The second precedence is to "Make Profits". Most beginners normally have it the other manner around.Four. With regard to Forex Robots, most are scams. I say "most", however now not "all". A few are valid. Just use your not unusual feel when comparing robots. Stick to the adage, "If it sounds too precise to be real, it possibly is."
1. Never exchange with money you can't have the funds for to lose (i.E., lease money, meals cash, etc.).2. Forex trading is extremely risky, because of the high quantity of leverage that maximum forex brokers provide. Remember, leverage is a double-edged sword...It magnifies your profits, but at the equal time, it magnifies your losses. Most novices handiest see the "magnifies income" a part of the equation. They forget approximately the "magnifies losses" element. As a end result, they risk too much cash and become losing all of it. Don't make that mistake. Trade conservatively.Three. The first priority for any dealer is to "Protect Thy Capital". The second precedence is to "Make Profits". Most beginners normally have it the other manner around.Four. With regard to Forex Robots, most are scams. I say "most", however now not "all". A few are valid. Just use your not unusual feel when comparing robots. Stick to the adage, "If it sounds too precise to be real, it possibly is."
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