How to make money on Forex as ordinary person?
In this article, we will talk about whether an ordinary person, who just yesterday heard about forex, can start making money buying and selling currency. Consider the basic mistakes of beginners who make 99% of all who try their hand at FOREX. And if after reading the article, you will be set to become a currency trader, then the forex market means your element...
The first thing, and it’s the most important thing for you, should be the realization that the Forex market is not the way that anyone can earn millions of dollars every month. This does not happen! Namely, this publicity stunt comes across 99% of all novice traders. And this is the main mistake that leads to disappointment in FOREX. Once you are fully aware that there is no freebie, you should get ready for hard work. The first month, you will learn the MT4 terminal, learn the interface, graphics, and general terms, i.e. soak in the spirit of the trader, and understand what kind of kitchen it is.
After you understand and digest in your head that there is no easy money in forex, we can assume that the first stage has been passed.
Now, the question “How to make money on Forex?” Is completely understandable for you, and you are already wondering No. 2 “How to learn how to predict the market correctly?” Without losses at the start, costing units, in most cases, draining - forces the novice trader to work and analyze the trade more actively. Those in other words, a loss for a beginner, a kind of stimulus that makes the brain work many times more intense than without loss. Here is such a time-tested "arithmetic".
You can supplement your training with live communication on forex forums, which are now a huge amount on the Internet. This will not only become an additional source of thematic information for you, but also live communication with traders already working on the market.
This is not a big plan, respecting which, anyone can start making money in the forex market:
- Understand what the FOREX market is. What are the rules for living, what and how is happening there ... Get to know forex history, etc. In other words, you should have a complete idea of where you are going to make money.
- Realize and prepare yourself for the reality of the market. No freebies - the risk of losing money is there! If this does not stop you, proceed to the next stage.
- Now the hard work begins for you to study the fundamentals of the foreign exchange market and its analysis.
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How to make money on Forex as ordinary person?
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