Forex Trading – Where to Start?
Forex trading can be very profitable if you know what you are doing. There are many traders out there who make a good living and some even become rich. However, if you are thinking of becoming a forex trader then the worst thing you can do is just dive in. A lot of new traders don’t succeed and it’s because they don’t take the time to get a firm grounding in the fundamentals.
Forex shouldn’t be gambling
With forex trading you are trying to predict whether a particular currency will move up or down compared to another currency. For example, will the British pound rise or fall against the US dollar over the next two weeks? However if you just make a trade based on your gut instinct, then this is just gambling and most gamblers lose over time.
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