Jump to content

Kilara

Members
  • Posts

    12
  • Joined

  • Last visited

About Kilara

  • Birthday 02/02/1991

Profile Information

  • Location
    USA, New York
  • Country
    United States

Kilara's Achievements

Newbie

Newbie (1/14)

1

Reputation

  1. You're right, Forex really isn't gambling. The profit from it is gotten from the difference of prices in various currency pairs and it's really possible to make good money from it. On the other hand even considering how many techniques of analysis for these prices changes exist, it's still impossible to predict right all of them so any time you can make a mistake and lose all your capital. And this thing is similar to simple gambling which created a negative opinion among many people about Forex. Also, experienced traders recommend newbies to start their trading from reading special tutorials https://www.investmentwatchblog.com/turning-forex-into-a-side-gig-guide-for-beginner-traders/ , gaining experience with a demo account and finding a really reliable broker.
  2. I agree with other replies, having the certain trading strategy and plan is really important, as also getting experience with Forex in general for becoming a really successful trader but on the other hand choosing a good Forex broker is another very important thing. These brokers are one of basic things for Forex trading and very many things in it are connected with them, that's why it's so necessary to find the qualified and really reliable one. Checking the broker's security is based on its approval with special regulatory agencies and positive real reviews from other people. According to these things experienced traders recommend such brokers as AvaTrade company profile, Saxo Bank, IG, FXCM, CMC Markets, XTB, City Index and Dukascopy.
  3. There are many reasons for fails and money losses in case of Forex. The main ones among them are: - improper risk management (you need to know how to use automatic take-profit and stop-loss mechanisms, and to implement them properly in accordance with the market volatility) - unrealistic expectations (many people expect to become rich fast with forex and this goal can be achieved only with patient and long work, also many other ones simply have never traded in any financial markets before) - wrong broker choice (the professional one will be a basis for your successful trading, it should also be totally reliable and safe, that's why experienced traders recommend to choose them only from regulatory agencies lists and other checked resources https://fx-list.com/cfd-forex-brokers ) - lack of adaptation to the market conditions (you need to monitor the market constantly and catch 'right' moments for making a good deal, also use various trading strategies, not only the one among others because it's can't be always effective)
  4. Forex trading is unstable and unpredictable like operations with cryptocurrencies because of the price changes for foreign currencies and these changes can be fast, and always connected with economic situation of the certain country. It's possible to earn money with Forex, however many people lose money because of their own, sometimes simple mistakes too. The main mistakes are for example: - overtrading (it's a very widespread one, it's usually caused by market addiction, insufficient capitalisation and unrealistically high profit goals, you need to be patient, start from small capital and move further calmly) - lack of adaptation to the market conditions (markets in general aren't a static thing so using always the one proven strategy will cause you to fail someday, you need to find and use different strategies according to the current market's state) - scam in case of brokers (a good and safe broker is a basis for all your Forex operations, considering that always choose the one from special safe lists https://fx-list.com/high-leverage-brokers or regulatory agencies, and checkk all avaliable information about them, especially reviews from previous clients) - absence of a good trading plan (you need to prepare for current market conditions firstly before starting your trading operations, a successful trader always develops a thought-out trading strategy)
  5. I have used the services of service Moneybookers before changing the name to Skrill, but in recent years is a long withdrawal of funds to the card. So now I prefer LR and Webmoney.
  6. Withdrawing from a Paypal account has a lot of charges and fees. Although transaction is easy, I rarely use it.
  7. Forex. That's why I registered, I saw many advantages
  8. I think you should have an online marketing strategies for your website in order to push it with high rank and traffic
  9. I am online every day, every hours, every minutes
  10. There was time when its value was zero or near to it but it has improved its value significantly and maybe this could replace all other currencies in future

⤴️-Paid Ad- TGF approve this banner. Add your banner here.🔥

×
×
  • Create New...