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21 Sep, 9 tweets, 3 min read
Let's explore the methods how a new forex trader can trade currencies like a professional and prevent potential losses. Here are 3 important tips from experts that'll help you make money from forex trading.
#forex #forextrader
independentinvestor.com/forex/tips/ Image
#1 Do some research on the market before investing a penny. If you're good at buying and selling currencies and know the right time, you'll make profit from the trading. Do some research and prepare yourself for a competitive market of currency trading.
#2 Follow the market leaders and social signals carefully. You should learn about the market trends. Following the market leaders and expert traders will help you understand the trend more comprehensively. You should also follow the social signals.
#3 Learn using advanced forex software to automate the operation. Setting up the software properly will help you make passive income without a lot of effort. You should try and learn the latest trading software and reduce the risks potential.
Once you're ready to start trading forex, here are the basic steps of forex trading: a guide for the beginners and how to finally start trading forex in real life.
#1 Sign up with a leading forex trading website. Research and compare between the companies first and find the most suitable platform to start trading.
#forextrading #forexbroker #Broker
independentinvestor.com/forex/brokers/
#2 You should start trading with a demo account. This will help you understand the market basics without any financial risk. If you're making decent income from a demo account, you can move onto the next step and start trading in real.
#3 Start using the trading software and get used to that. You should explore the interface carefully and learn how to use the tools. Once you have adopted the interface and the major operations, try to setup the software and automate forex trading.
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More from @ininvestor

Independent Investor Profile picture
25 Jun
In this thread, I'll talk about financial spread betting and why it is still a popular trading instrument in the UK. So I would like to cover some basics here to show my spread betting is still popular in the UK.
#spreadbetting
independentinvestor.com/spread-betting… Image
1. Financial spread betting offers a great deal of leverage. It means you need considerably less money to invest/trade your shares or any other market you want. But it's important to remember that leverage can be against you if you abuse it.
2. Taxes. Yes, financial spread betting is absolutely tax free, you don't even need to report any profits/losses you make from spread betting. So if you're serious about trading then you should consider spread betting for the tax purposes.
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Independent Investor Profile picture
15 Jun
Forex stands for FX market. It is also commonly known as the currency market. One can join to just exchange their currency for another. This kind of market is mostly made of traders who make assumptions on the rates just like speculating on how the stock market will move.
#forex Image
1. You must be updated and learn about the markets local and abroad. Studying this could be done by reading resources that focus on currencies and financial topics.
2. Look for help from a trading professional. The professional will be able to guide you in the best steps or strategies to take. They will also be able to answer any concerns you may have regarding trading.
Read 8 tweets
Independent Investor Profile picture
30 May
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:
Read 8 tweets
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

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