The Forex Market for Beginners

The Forex Market

The Forex Market for Beginners

It seems like something that most people would find easy, except, in this particular industry, there is a high rate of failure among new traders because there is quite a steep learning curve.

Even traders that are aware of that tend to start out with the attitude of “It happened to them, but it won’t happen to me.” In the end, 96 percent of these traders walk away empty-handed, not quite sure what happened to them, or maybe even feeling a bit scammed.

Forex trading is not a scam; it’s just an industry that is primarily set up for insiders that understand it. The goal for new traders should be to survive long enough to understand the inner working of foreign exchange trading and become one of those insiders, and this will come with studying the market, understanding the terminology, and learning trading strategies.

Read full article here: thebalance.com

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