Share this page!

Independent Investor Profile picture
Twitter logo
30 May, 8 tweets, 3 min read
Would you like to understand the way the FX trading works and employ it to your advantage to generate monetary assets? Here, we are going to discuss the basics of forex trading. This thread aims to supply useful info on learning the basics.
#forex #fx
independentinvestor.com/forex/forex-fo… Image
Forex trading is the largest markets on the planet that handles trading with foreign currencies. This sort of market accounts for enabling currency conversion for trade and investment internationally.
How To Earn Money By Using Forex:
Nowadays more and more people engage into FOREX trading in the hope of getting additional income. How can you really make money in this sort of trading industry? In order to start earning today, here are some ideas you have to consider:
1. You need to understand what influences currencies and why they move against easy other. Yes, you can use technical analysis but it's important to understand who currencies are valued and why they can be volatile.
2. Research strategies and adopt the strategies you feel comfortable with. Your choice of strategies really depends on the time you have and your ultimate goal. Don't try to trade randomly but follow your strategies and still to the plan.
independentinvestor.com/forex/strategi…
3. Open a trading account with a forex broker of your choice. There are many forex brokers on the market so you can be picky but make sure your broker is trusted, regulated, reputable and provides the markets you want to trade.
#forexbroker #broker
independentinvestor.com/forex/brokers/
Risk Warning: when you trade forex you trade on margin and thus you can easily run huge losses. Before trading, please make sure you understand the risks involved in forex trading and how to avoid common mistakes.
@threadreaderapp unroll

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Independent Investor

Independent Investor Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @ininvestor

Independent Investor Profile picture
16 Apr
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…
Read 6 tweets
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

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @ininvestor has new unrolls!

Check out other threads from @ininvestor!

Read all threads by @ininvestor

:(