Is forex a legitimate business?
Yes, forex is nothing but a legitimate business. But, you should better be patient. Do not be greedy. Here’re some tips for your success.
Learn a strategy properlyDemo the strategyAdd your own style to itNex, you can go liveBecome mindful and consistent alwaysNow, choose and learn another strategy
Is it legal to trade in forex currencies?
Of course, forex trading is legal. Note, forex is legal almost in every country. Still, you are recommended to check your local laws and rules first before you start forex trading.
How do you trade forex?
Well, this is not an easy question. Rather, there are many aspects to this question. To give you a quick overview, you will need to hit the buy/sell button with a stop-loss with the help of a broker and then close your trade when it’s in the profit status. The more you’ll dig into the strategy and demo it — it will be easier for you to trade and earn!
Is forex trading profitable?
Certainly, this is one of the most common questions that you must be eager to know. Isn’t it? Well, it all depends on two major factors, such as the strategy you’re choosing and the size of stop-loss you are using. Please note that stop-loss is one of the most important parameters that you take care of! It’s your ultimate profit regulator. For example, when you can go for a 100 pip stop-loss and 100 pips in profit, then it can be great and excellent. Alternatively, you can even opt for a 10 pip stop-loss as well. Whether you are going for a 100 pip stop-loss or a 10 pip stop-loss, it doesn’t actually matter! Neither it is right nor it is wrong — it all depends on the strategy you’re using. For example, you can either go for new paradigm trading or you can opt for old paradigm trading as well. And, based on your strategy, you can choose the right value of stop-loss.