CrazyCzarina

If you can, day trade USD/JPY between 12:00 and 15:00 GMT. London and New York are open most of the time during this period. Even if Tokyo doesn't open, the three-hour window usually presents the biggest price action of the day.

When it comes to its web platform, Forex.com may suit a beginner's needs: user-friendly. Good customizability (for diagrams, workspaces). Various order types. Overall, this platform is probably the best option for beginners.

If you're a deep-pocketed hedge fund or an unusually skilled currency trader, forex trading can make you rich. But for the average retail trader, Forex is not a shortcut to wealth, but a rocky road to huge losses and potential poverty.

Volatility is a measure of how much a market price changes. Liquid markets such as foreign exchange tend to move in smaller increments because their high liquidity leads to lower volatility. More traders trading at the same time usually results in small price swings up and down.

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Some of America's greatest companies started as penny stocks, and now trade for $10, $20, or even $50 per share. If the business continues to grow, savvy investors hold on for the ride. Meanwhile, many others sell far too soon, gloating about their 100% gain, then crying as the shapes reach for the stars.

You need knowledge and skills to achieve success in the Forex Market and lots and lots of experience.

Forex Trading is the best way to make money, and instead of tips and tricks, you need to learn about the Market Analysis and obtain certain risks like risk management and money management.

You should never give in to the rumors as it could lead you to bankruptcy if it isn't true.

Yeah, and you should never stop learning. If you wish to survive in the Forex Market, the only way to do it is by learning all the time.

Forex Trading is considered to be only profitable, if you have practice Forex Trading, till you have mastered the skills and knowledge to survive in the Forex Market.

Though there are many videos available online on Youtube, you cannot actually learn through them, if you don't practice in the Forex Real Market.

Forex trading can be complex and may not be suitable for everyone. Whether forex is good for you will depend on your financial condition, goals, and how much investing experience you already have as a beginner.

Hello and welcome to this Forum, if you wish to achieve success, you need to understand that without proper knowledge and skills it would be quite difficult to earn money.

Yes, and greed is the biggest enemy when it comes to Forex Trading. You couldn't survive for long if you don't have control over your emotions.