I’m pretty skeptical about Forex and other online money-making methods. It always feels like empty promises and marketing when you read that Forex can bring in stable income.
Can I actually make a profit if I plan to trade on Forex?
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If you’re so skeptical, why even bother? It seems to me that you should do something because you want to, not because you’re resisting it. Otherwise, you’ll probably get bored with it.
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Why not? Forex trading, although it has a lot of nuances that you need to study to get the full picture of trading, can still be very profitable. But you just need to be attentive and persistent in learning and gathering info. I guess, first of all, it’s important to start by choosing a broker that provides the most transparent trading process. In this sense, swap-free brokers are great, as Zac Clarke writes in article https://moviden.com/guide-to-swap-free-forex-accounts-top-brokers-for-interest-free-trading/ . This is relevant both for Islamic traders and for anyone who wants more control over their trades, wants to know the commissions and spreads right away, and also for short-term strategies.
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@Greg Bjorn Forex is more about the opportunity to earn from market movements if you have experience and a system in place. That’s the whole point. Projects like those mentioned here may be good because they don’t try to sell you something right away or push paid courses. What I would also add is forex trading for beginners tools that can provide free signals and, at the same time, teach you how to analyze them yourself. It’s a working approach if you don’t want to blindly copy someone else’s trades but actually understand what’s going on. Speaking for myself — I would keep the main part of my money in long-term investments (stocks, funds, bonds), and use Forex as an active part of the portfolio.
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