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Forex Trading Strategies For Beginners - Step By Step To Become A Better Trader

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  • Forex Trading Strategies For Beginners - Step By Step To Become A Better Trader


    Forex is short for foreign exchange, but the actual asset class we are referring to is currencies. Foreign exchange is the act of changing one country's currency into another country's currency for a variety of reasons, usually for tourism or commerce.

    Due to the fact that business is global there is a need to transact with most other countries in their own particular currency. After the accord at Bretton Woods in 1971, when currencies were allowed to float freely against one another, the values of individual currencies have varied, which has given rise to the need for foreign exchange services.

    This service has been taken up by the commercial and investment banks on behalf of their clients, but has simultaneously provided a speculative environment for trading one currency against another using the internet. (If you want to start trading forex, check out the link above
    forex trading document | binary options trading document

  • #2
    If i follow your steps for beginner in forex..How long i will starting profit?


    • #3
      A few Forex Trading Strategies that really work are Trend Trading, Range Trading, News Trading, Scalping, Hedging and Carry Trade. Forex trading strategy is quite a big topic to cover you can go through the link to know about it in detail
      To be successful use proper forex trading strategy which are effective, flexible and easy-to-understand & implement


      • #4
        I agree with the article above. We must be able to read the situation of the world economy and is always connected with our mentors.


        • #5
          very helpful at all in learning. What percent success rate after following the Guide from the video? because my friend so far haven't found a real success.


          • #6
            I started in 2008, I was 17, needed to wait other 5 months to open a real account, with real money, but I was studying a lot, practicing with my demo account, so I didn’t want to wait. Long story short, I used my mother’s name to open my first real account!
            I started my adventure with €500 that I saved with a part time job. I felt so powerful, I was a “trader”, I was making money from home! This lasted a couple of months, I blew up my account. I was devastated.
            I will never forget how I felt and probably this was the event of my life that made me focus so much on studying the Forex market and try to become the best trader of all time.
            I went through University studying statistics for the financial markets, I attended so many courses, I have studied more than 100 books, I have been moderator for one of the most popular forum about Forex and I have never stopped learning and I will never stop. Then I met this guy, Fanara Filippo. He showed how to trade and what brokers to trade with. He is such a master in forex trading.
            You should know that the tips are not as important as the brokers. So you should check here for the best forex brokers for beginners:"


            • #7
              This video is very useful for people who don't like to read.


              • #8
                Some people like reading and like video tutorials just as much, I don't think the two things are mutually exclusive.