mohamed_nour433
New Member
Starting out in the forex market can often result in a life cycle that involves diving in head first, giving up or taking a step back to do more research and open a demo account to practice. From there, new traders might feel more confident to open another live account, experience more success, and break-even or turn a profit. That is why it's important to build a framework for trading in the forex markets, which is outline below.
KEY TAKEAWAYS
New forex traders should often start by opening a demo account to get used to trading and using the tools involved in trading.
Forex traders may be interested in short-, medium-, or long-term investing, depending on their interests, skills, time commitments, and risk tolerances.
When considering a forex trading plan, it is important to first master the platform from which you will execute your trades, setting the most useful indicators and other tools to your greatest advantage.
Even with a perfect forex trading strategy, no system is foolproof—expect that you will experience volatility in the market.
KEY TAKEAWAYS
New forex traders should often start by opening a demo account to get used to trading and using the tools involved in trading.
Forex traders may be interested in short-, medium-, or long-term investing, depending on their interests, skills, time commitments, and risk tolerances.
When considering a forex trading plan, it is important to first master the platform from which you will execute your trades, setting the most useful indicators and other tools to your greatest advantage.
Even with a perfect forex trading strategy, no system is foolproof—expect that you will experience volatility in the market.
