Forex trading is not a lottery or gambling

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Thread: Forex trading is not a lottery or gambling

  1. #1
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    Default Forex trading is not a lottery or gambling

    Forex trading is not a lottery or gambling
    Forex trading is not a lottery or gambling. So, knowledge is the main power to succeed in Forex. It is important to keep track of the situation, even if traders have a desire to earn money. Therefore, it is always reasonable to test the skill across different assets. The demo account is the best place to test and many brokers like Eurotrader offer it.

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    Forex is all about risk management and time management. You must also focus on controlling your emotions to avoid unnecessary losses.

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    Forex is a popular and profitable business. To survive in this business, you must acquire a lot of knowledge and information. It is never possible to be successful without learning to trade. Many traders have been in the market for a long time but are not able to make a profit because they are more focused on profit than learning. You have to learn first and then focus on profit. My broker Tpglobalfx helps me a lot. They are very helpful. They never make disappointment to their client.

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    Risk management is essential in forex trading. It is helpful not to take more than 5% risk in one trade, and you need to determine what percentage of risk you took in your trade. As for me, I take maximum 2% risk of my capital per trade. Forex4you give me high leverage but I use 1:100 leverage. High leverage expose high risk.

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    A trader is that person who opens a forex account and then buy and sell currencies. The difference in price the currency pair was bought and sold at are the profit and loss. Traders are basically trade in the forex market with the help of forex account under a specific forex broker. Brokers help the trader to make professional from beginner. i am also a trader of forex market. I am trading with TP Global FX. They help me to become a good trader in the market.

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    in ro ham eslah kon:
    You need to gain knowledge as much as you want to gain profit. If you trade without gaining knowledge, you will never make a profit. So without real knowledge and money management, it is not possible to make a profit by trading. However, it cannot be made for any other purpose.

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