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16 Apr, 6 tweets, 3 min read
Many of the reasons some people use to avoid giving the forex market a try may have some merit, but most of them are excuses. I know the forex market is a good alternative. Lets take a look to some of the main excuses.
#forex #forextrader #forextrading
independentinvestor.com/forex/advantag… Image
1. I don't have money to save and invest.
You don't need to be rich to trade the Forex Market. One of the main advantages of currency trading is the minimal capital needed to open and fund your account. You might be able to start trading with only $10 dollars.
2. Trading is too risky.
There is the same amount of risk involved in trading the forex market as there is on anything else in life. As long as you are prepared you can keep your risks under control.
independentinvestor.com/forex/disadvan…
3. Trading is to complicated.
Many, self proclaimed, experts want you to think trading is complicated; their job depends on that. There is a big industry that feeds on peoples fears and ignorance. Anyone with the determination and the right info can learn, it's not that hard.
4. I don't have the time to trade. I can't quit my job.
Successful forex traders only take positions once a day or once a week. So, you don't need to quit your job to trade in the forex market, and you don't need to be in front of the screen all day to be a profitable investor.
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More from @ininvestor

Independent Investor Profile picture
1 Apr
Why More Than 90% Of Forex Traders Lose Money?
There are lots of Forex traders out there. However, over 90% of them never become profitable with foreign exchange. Here are 3 ways to make it happen.
independentinvestor.com/forex/ Image
1. Robot Forex trading programs get a lot of hype. While they can make you money, none of them will make you rich-even the best ones. Many investors think they will see returns of 20-30% a year with these robot programs, but these claims are greatly exaggerated.
This is a form of investing where you focus on buying currency pairs for the long term. Most Forex traders use technical analysis, simply because fundamental analysis is rather difficult when dealing with foreign exchange. However, technical analysis can be very time consuming.
Read 7 tweets
Independent Investor Profile picture
31 Mar
Whether you are looking to switch away from a current career or planning to pursue Forex currency trading after graduation, proper preparation is essential. You need to know how to make money with it, but you also need to understand what it means to go into business in investing. Image
Regardless of whether you're in college or currently in another career, take a currency trading course and start pursuing your new goals on the side. One of the best ways to get started is with simulated exchanges.
#forex
independentinvestor.com/forex/
Working alongside others who are focused on Forex can greatly improve your own chances of eventual success. This is especially true if you can find someone who is both a good teacher and a skilled trader.
Read 8 tweets
Independent Investor Profile picture
14 Jan
When it comes to investing or trading stocks, it's no surprise novice traders might get overwhelmed with all the technicalities and how to make the most of your stock investment. So in this thread we'll skip the basics.
#investing #stocks Image
First stop. Trend is your friend, I bet you've heard it before but this time you really should pay attention to the trend. Analyse it and don't go against the tide. You stand a better chance following the trend.
#trend #stocks
independentinvestor.com/share-dealing/…
What is one of the most important aspect of success? PLAN. Yes, you've got to have a plan and it doesn't only apply to investing.
You need to devise your own plan and do your utmost to stick to it. Develop your investment plan.
independentinvestor.com/share-dealing/…
Read 6 tweets
Independent Investor Profile picture
31 Dec 20
Times are tough at present, so your approach to fields like Forex trading should be a reflection of the times. To be more specific, you should realize that trading in the foreign exchange market requires you to be well informed of the current state of the market at all times. Image
You need to understand the market and gather as many tips about it as you can. It is best for you to use insider tips because the public knowledge that you gain will not be of much assistance to you.
#forex #forextips
independentinvestor.com/forex/tips/
Indeed, you need to master the most important aspects of the Forex market because even the competition and trends can influence how much you will make in this industry on top of its volatile, luck-based nature.
independentinvestor.com/forex/volatili…
Read 7 tweets
Independent Investor Profile picture
19 Dec 20
CFD trading gives you the flexibility that you require to trade in current markets. The important word here is flexibility. That is what gives an investor control. In fact, control, by definition means having a plan ready for every scenario that may turn up your way.
#cfds Image
By using a mix of leverage and lower transaction costs, CFDs allow you to maximise your returns. Features like no minimum contract size and no expiry date ensure that no unnecessary entry or exit barriers are created.
independentinvestor.com/cfd/
Leverage: In business as in physics, leverage is the ability to do more and more with less and less. Great personalities have claimed that they could dislodge the earth, if they found a lever big enough to do
independentinvestor.com/cfd/leverage/
Read 8 tweets
Independent Investor Profile picture
3 Dec 20
Share trading or stock market investing offers a land of opportunities for those who are willing to learn and invest their time into research. Don't take financial markets lightly and think all is going to be good by chance. Learn and experience.
investinginsight.org Image
Many people confuse stock options with binary options; they are completely different instruments and should be treated as such. Make sure you understand stock options and stay away from "gambly" binary options.
Stock options
investinginsight.org/how-do-stock-o…
#stocks #options
Always have a trading plan, don't leave it to chance.
Many rookie investors and traders underestimate the value of having a solid trading plan and sticking to it.
Successful investing requires planning and discipline.
investinginsight.org/stock-trading-…
#tradingplan
Read 5 tweets

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