Forex is not a game.


Forex is not a game

# Practical Forex , # Forex for beginners

There is an opinion that trading on Forex and other financial markets (including the stock and commodity exchanges) is akin to playing in a casino: you bet on an increase or decrease in the exchange rate – and win if your forecast is correct.

Therefore, many come to the market and begin to trade, relying on luck. They do not think over their steps, do not try to learn to predict market trends, do not delve into the study of trading methods, and instead act impulsively – like gamblers.

Such people suffer large losses as a result and leave the market with luggage of negative ideas about trading in financial instruments and confidence that it is impossible to make money in the financial market.

In order not to fall into their number and make profit from trading, it is necessary first of all to change the perception of the process of conducting transactions in financial markets. It is worth forgetting such phrases as “playing on the stock exchange”, “playing on Forex”, “playing with financial instruments”, “playing with currencies”, etc.

FOR SUCCESSFUL TRADE YOU NEED TO UNDERSTAND THE FOLLOWING:

  • Forex is not a game. There are no accidents here. Exchange rates are determined not by roulette, but by a combination of various economic factors.
  • Making money on Forex, relying only on luck, is utopia. To make a profit from foreign exchange trading, you need to understand the market, know its laws, and be able to predict exchange rates. Therefore, before starting work, it is important to undergo Forex trading training.
  • When trading on Forex, you need to restrain your emotions and not let the excitement guide your actions. This will help you knowledge of the rules of money management and market psychology.

All tags

Total 87 materials
  • Forex Indicators (56)
  • # Forex Strategies (36)
  • # Earnings on Forex (35)
  • # Practical Forex (23)
  • # Forex for beginners (19)
  • # Forex for dummies (16)
  • # Technical analysis (11)
  • #Trading (6)
  • # History of world currencies (5)
  • # Fundamental analysis (2)
  • # Forex Brokers (2)
  • #CFD (1)

To conclude a framework agreement, the client is obliged to confirm that he is familiar with the following risks associated with the conclusion, execution and termination of obligations under the framework and individual agreements:

1. The risk of loss to an individual as a result of changes in foreign exchange rates (currency risk).

2. The risk of loss to an individual as a result of non-performance, untimely performance or incomplete performance by the Forex dealer and (or) the bank in which the Forex dealer account is opened, financial obligations to such an individual in accordance with the terms of the Agreement and Separate Agreements (credit risk )

3. The risk of loss to an individual as a result of a violation of applicable law and (or) internal documents of a Forex dealer by employees of a Forex dealer, a malfunction (failure) of software and hardware of a Forex dealer and (or) individual, a mismatch of software and hardware of a forex dealer to the nature and volume of transactions it conducts, transactions by a third party on behalf of an individual as a result of receipt by such a person randomly or as a result of his deliberate actions of unauthorized access to the possibility of making such transactions on behalf of an individual, carrying out operations by an individual that are not in accordance with his intentions, for reasons related to insufficient experience of working with this individual with software and hardware of a forex dealer and (or) making it random actions, as well as the result of external events (operational risk).

Contracts or financial instruments proposed for conclusion are highly risky and may lead to the loss of the deposited funds in full. Before making transactions, you should familiarize yourself with the risks associated with them.

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