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How Do I Start Forex Trading As A Beginner? - Investment - Nairaland

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How Do I Start Forex Trading As A Beginner? by rasheedatt(f): 3:22pm On Sep 01, 2020
it will be my pleasure to ask for guidance here once again.
how do I start forex trading?

what are the requirements?
how much can I start with ?
how do I avoid scam in it ?
which application is recommended ? #rashcares.
Re: How Do I Start Forex Trading As A Beginner? by icewinz(m): 3:51pm On Sep 01, 2020
'For'eign 'Ex'change (Forex) is a global market that helps you buy and sell currency, you earn by buying a currency when it's low and selling it when it's high.

The rationale behind earning in forex trading is this, assuming you traveled in from the united states to nigeria upon you arrival you have $2000 which would be what you'll use for your expenditure for all the time you spend in nigeria, and remember you'll have to change that amount into naira for you to make use of it so you went to the exchange booth at the airport and exchanged the $2000 you have to naira at the exchange rate of $1=350 (It's just an example if you want to fund your account right now in forex it's $1=445).

After the exchange the cashier would give you 700,000naira ($2000 x 350).

Now after you've visited your family, friends and aquintance bla bla bla you had a change of 400,000naira remianing out of the 700,000 you got upon your arrival after your exchange of the $2k you came with...hope you're getting me?

Now you want to go back to America and with that change of 400k you have having spent 300k in nigeria (700k that is your initial money - 400k change = 300k spent) you headed to the exchange booth at the airport before your departure and then you found out that the naira has appreciated and is now $1=200naira so you gave the cashier your change of 400k and with the current exchange rate gives you back $2000 (400,000/200).

Hope you recall that's you came into nigeria with $2000 and then after an expenditure of 300k you are given back your same amount.

So in forex, you earn by buying a currency when it's low (depreciated) and selling it when it's high (appreciate).

But, it's not that easy as i said o, it involves alot of technical analysis and so on but i'll advise you learn binary option it's a kind of forex trading too, i can teach you that in few day and still mentor you till you earn big from it.

You can check my signature.

9 Likes 3 Shares

Re: How Do I Start Forex Trading As A Beginner? by badaru911: 4:18pm On Sep 01, 2020
Hmmmm... First you have to know that forex is very risky. You can lose your money within a sec... So think, not twice but thrice about it before stepping into it.... To your questions...
1. You can visit babypips, learntotradethemarket.... Just type it on Google.... Fxkeys as well is good. To have ideas and knowledge about it... Forex articles is also good to read as well.....
2. Are you patient?...... Forex can't turn you into a millionaire or billionaire within a few days or months and years. Not that it can't make you rich, it can... But it is easier for a camel or an elephant to pass through an eye of a needle than to turn to a millionaire in forex overnight.
3. It depends on how much you gat.... How much you can loose without shedding a tear or complaining. You can start with $5 or $1000...it depends as long as you won't feel any pain in losing it.
4. "get rich quick with forex trading secrets.",.."forex holy grail software"... " never lose a dime in forex trading with this new strategy or software".. "turn $100 into $500,000 within a month in forex"... " I will teach you forex without no loss",.... Those are few words used by scammers....
4. Your laptop or phone, mt4 application from play store... Forexfacory app for Callender news.. And some other apps and software you can find on play store or some sites...
Advice again, to enjoy forex, do a demo trading and join a community of forex traders for tips and methods.. Forex factory is also very good for finding strategies.... I wanna talk more but I think that's is enough.. Ladies are also into it cos I've met some....

13 Likes 1 Share

Re: How Do I Start Forex Trading As A Beginner? by rasheedatt(f): 4:18pm On Sep 01, 2020
icewinz:
'For'eign 'Ex'change (Forex) is a global market that helps you buy and sell currency, you earn by buying a currency when it's low and selling it when it's high.

The rationale behind earning in forex trading is this, assuming you traveled in from the united states to nigeria upon you arrival you have $2000 which would be what you'll use for your expenditure for all the time you spend in nigeria, and remember you'll have to change that amount into naira for you to make use of it so you went to the exchange booth at the airport and exchanged the $2000 you have to naira at the exchange rate of $1=350 (It's just an example if you want to fund your account right now in forex it's $1=445).

After the exchange the cashier would give you 700,000naira ($2000 x 350).

Now after you've visited your family, friends and aquintance bla bla bla you had a change of 400,000naira remianing out of the 700,000 you got upon your arrival after your exchange of the $2k you came with...hope you're getting me?

Now you want to go back to America and with that change of 400k you have having spent 300k in nigeria (700k that is your initial money - 400k change = 300k spent) you headed to the exchange booth at the airport before your departure and then you found out that the naira has appreciated and is now $1=200naira so you gave the cashier your change of 400k and with the current exchange rate gives you back $2000 (400,000/200).

Hope you recall that's you came into nigeria with $2000 and then after an expenditure of 300k you are given back your same amount.

So in forex, you earn by buying a currency when it's low (depreciated) and selling it when it's high (appreciate).

But, it's not that easy as i said o, it involves alot of technical analysis and so on but i'll advise you learn binary option it's a kind of forex trading too, i can teach you that in few day and still mentor you till you earn big from it.

You can check my signature.
I love the way you explain things it's clear to me now.

2 Likes

Re: How Do I Start Forex Trading As A Beginner? by rasheedatt(f): 4:23pm On Sep 01, 2020
badaru911:
Hmmmm... First you have to know that forex is very risky. You can lose your money within a sec... So think, not twice but thrice about it before stepping into it.... To your questions...
1. You can visit babypips, learntotradethemarket.... Just type it on Google.... Fxkeys as well is good. To have ideas and knowledge about it... Forex articles is also good to read as well.....
2. Are you patient?...... Forex can't turn you into a millionaire or billionaire within a few days or months and years. Not that it can't make you rich, it can... But it is easier for a camel or an elephant to pass through an eye of a needle than to turn to a millionaire in forex overnight.
3. It depends on how much you gat.... How much you can loose without shedding a tear or complaining. You can start with $5 or $1000...it depends as long as you won't feel any pain in losing it.
4. "get rich quick with forex trading secrets.",.."forex holy grail software"... " never lose a dime in forex trading with this new strategy or software".. "turn $100 into $500,000 within a month in forex"... " I will teach you forex without no loss",.... Those are few words used by scammers....
4. Your laptop or phone, mt4 application from play store... Forexfacory app for Callender news.. And some other apps and software you can find on play store or some sites...
Advice again, to enjoy forex, do a demo trading and join a community of forex traders for tips and methods.. Forex factory is also very good for finding strategies.... I wanna talk more but I think that's is enough.. Ladies are also into it cos I've met some....
wow you must be one of the honest person I have ever met online.
bravo sir

4 Likes

Re: How Do I Start Forex Trading As A Beginner? by icewinz(m): 6:14pm On Sep 01, 2020
rasheedatt:
I love the way you explain things it's clear to me now.

You're welcome Ma,
I also teach forex trading abegg (Binary options) to be precise, it's a more simplier and straight forward way to earn in forex trading, you can learn it in less than a week although if you subscribe i'll mentor you till you gain mastery of it.

You'll just have to pay a stipend. If you're intrested my mobile number and mail is on my signature.

Thank you.

1 Like

Re: How Do I Start Forex Trading As A Beginner? by rasheedatt(f): 6:28pm On Sep 01, 2020
icewinz:


You're welcome Ma,
I also teach forex trading abegg (Binary options) to be precise, it's a more simplier and straight forward way to earn in forex trading, you can learn it in less than a week although if you subscribe i'll mentor you till you gain mastery of it.

You'll just have to pay a stipend. If you're intrested my mobile number and mail is on my signature.

Thank you.
am very much interested but right now am broke I just lost someone recently that is the reason but let me save your number I will call for your service as soon as am back on my feet.
Re: How Do I Start Forex Trading As A Beginner? by icewinz(m): 6:55pm On Sep 01, 2020
rasheedatt:
am very much interested but right now am broke I just lost someone recently that is the reason but let me save your number I will call for your service as soon as am back on my feet.

There's no problem Ma,

Sorry for your loss, Accept my heartfelt condolence and may God grant you the fortitude to bear the loss!
Re: How Do I Start Forex Trading As A Beginner? by rasheedatt(f): 7:39pm On Sep 01, 2020
icewinz:


There's no problem Ma,

Sorry for your loss, Accept my heartfelt condolence and may God grant you the fortitude to bear the loss!
Ameen thank you sir
Re: How Do I Start Forex Trading As A Beginner? by Adek65: 9:52pm On Sep 01, 2020
Honestly this thread made my day,big thumb up to Op and all the contributors.

1 Like

Re: How Do I Start Forex Trading As A Beginner? by rasheedatt(f): 10:11pm On Sep 01, 2020
Adek65:
Honestly this thread made my day,big thumb up to Op and all the contributors.
thank you sir
Re: How Do I Start Forex Trading As A Beginner? by samegold(m): 3:00am On Sep 02, 2020
badaru911:
Hmmmm... First you have to know that forex is very risky. You can lose your money within a sec... So think, not twice but thrice about it before stepping into it.... To your questions...
1. You can visit babypips, learntotradethemarket.... Just type it on Google.... Fxkeys as well is good. To have ideas and knowledge about it... Forex articles is also good to read as well.....
2. Are you patient?...... Forex can't turn you into a millionaire or billionaire within a few days or months and years. Not that it can't make you rich, it can... But it is easier for a camel or an elephant to pass through an eye of a needle than to turn to a millionaire in forex overnight.
3. It depends on how much you gat.... How much you can loose without shedding a tear or complaining. You can start with $5 or $1000...it depends as long as you won't feel any pain in losing it.
4. "get rich quick with forex trading secrets.",.."forex holy grail software"... " never lose a dime in forex trading with this new strategy or software".. "turn $100 into $500,000 within a month in forex"... " I will teach you forex without no loss",.... Those are few words used by scammers....
4. Your laptop or phone, mt4 application from play store... Forexfacory app for Callender news.. And some other apps and software you can find on play store or some sites...
Advice again, to enjoy forex, do a demo trading and join a community of forex traders for tips and methods.. Forex factory is also very good for finding strategies.... I wanna talk more but I think that's is enough.. Ladies are also into it cos I've met some....

Op this man above said everything


I'll advise you start reading online through babypips website, that's what helped me
You can try and watch videos too, follow this man on YouTube 'Adam Khoo'. Videos helps a lot more than you know
And try to trade on demo acct for at least two month, don't rush in cos unless you want to lose your capital

2 Likes 1 Share

Re: How Do I Start Forex Trading As A Beginner? by Karlebolu(m): 7:52am On Sep 02, 2020
Re: How Do I Start Forex Trading As A Beginner? by Iamvincentnam: 1:39pm On Sep 02, 2020
badaru911:
Hmmmm... First you have to know that forex is very risky. You can lose your money within a sec... So think, not twice but thrice about it before stepping into it.... To your questions...
1. You can visit babypips, learntotradethemarket.... Just type it on Google.... Fxkeys as well is good. To have ideas and knowledge about it... Forex articles is also good to read as well.....
2. Are you patient?...... Forex can't turn you into a millionaire or billionaire within a few days or months and years. Not that it can't make you rich, it can... But it is easier for a camel or an elephant to pass through an eye of a needle than to turn to a millionaire in forex overnight.
3. It depends on how much you gat.... How much you can loose without shedding a tear or complaining. You can start with $5 or $1000...it depends as long as you won't feel any pain in losing it.
4. "get rich quick with forex trading secrets.",.."forex holy grail software"... " never lose a dime in forex trading with this new strategy or software".. "turn $100 into $500,000 within a month in forex"... " I will teach you forex without no loss",.... Those are few words used by scammers....
4. Your laptop or phone, mt4 application from play store... Forexfacory app for Callender news.. And some other apps and software you can find on play store or some sites...
Advice again, to enjoy forex, do a demo trading and join a community of forex traders for tips and methods.. Forex factory is also very good for finding strategies.... I wanna talk more but I think that's is enough.. Ladies are also into it cos I've met some....
Good day, I will like to be mentored please. Having gotten such a honest & analytical response, please do me the fav our of mentoring me.
Vincentnam22@gmail.com
Re: How Do I Start Forex Trading As A Beginner? by ElectronicMoney(m): 4:05pm On Sep 05, 2020
rasheedatt:
it will be my pleasure to ask for guidance here once again.

how do I start forex trading?


what are the requirements?

how much can I start with ?

how do I avoid scam in it ?

which application is recommended ?
#rashcares.

Have you started the journey yet?
Re: How Do I Start Forex Trading As A Beginner? by harbeebski(m): 8:48pm On Sep 05, 2020
icewinz:
'For'eign 'Ex'change (Forex) is a global market that helps you buy and sell currency, you earn by buying a currency when it's low and selling it when it's high.

The rationale behind earning in forex trading is this, assuming you traveled in from the united states to nigeria upon you arrival you have $2000 which would be what you'll use for your expenditure for all the time you spend in nigeria, and remember you'll have to change that amount into naira for you to make use of it so you went to the exchange booth at the airport and exchanged the $2000 you have to naira at the exchange rate of $1=350 (It's just an example if you want to fund your account right now in forex it's $1=445).

After the exchange the cashier would give you 700,000naira ($2000 x 350).

Now after you've visited your family, friends and aquintance bla bla bla you had a change of 400,000naira remianing out of the 700,000 you got upon your arrival after your exchange of the $2k you came with...hope you're getting me?

Now you want to go back to America and with that change of 400k you have having spent 300k in nigeria (700k that is your initial money - 400k change = 300k spent) you headed to the exchange booth at the airport before your departure and then you found out that the naira has appreciated and is now $1=200naira so you gave the cashier your change of 400k and with the current exchange rate gives you back $2000 (400,000/200).

Hope you recall that's you came into nigeria with $2000 and then after an expenditure of 300k you are given back your same amount.

So in forex, you earn by buying a currency when it's low (depreciated) and selling it when it's high (appreciate).

But, it's not that easy as i said o, it involves alot of technical analysis and so on but i'll advise you learn binary option it's a kind of forex trading too, i can teach you that in few day and still mentor you till you earn big from it.

You can check my signature.

mehn love this explanation☺☺
Re: How Do I Start Forex Trading As A Beginner? by skylane: 12:43am On Sep 06, 2020
rasheedatt:
am very much interested but right now am broke I just lost someone recently that is the reason but let me save your number I will call for your service as soon as am back on my feet.
if you ready to be dedicated I'll teach you no fee, best things In life are for free
Re: How Do I Start Forex Trading As A Beginner? by Cryptofxt10: 7:49am On Sep 06, 2020
rasheedatt:
it will be my pleasure to ask for guidance here once again.

how do I start forex trading?


what are the requirements?

how much can I start with ?

how do I avoid scam in it ?

which application is recommended ?
#rashcares.

A whole lot to learn. I will guide you from beginners level to elite level in sooner time
Re: How Do I Start Forex Trading As A Beginner? by Rahyberg(m): 12:40pm On Sep 06, 2020
skylane:
if you ready to be dedicated I'll teach you no fee, best things In life are for free

Hello Sir, I wouldn't mind you teaching me as well. I have wanted to go into Forex but I got no one to teach me. I'll be glad if you can accept my request.
Re: How Do I Start Forex Trading As A Beginner? by jos4(m): 1:48pm On Sep 06, 2020
*MOREGREEN FOREX TRADING SIGNAL*

*04/09/2020 trading statistics*
Trade 1 = 82%✅ win
Trade 2 = 82%✅ win
Trade 3 = 82%✅ win
Trade 4 = 82%✅ win
Trade 5 = 82%❌ lost
Trade 6 = 82%✅ win
Trade 7 = 82%✅ win
Trade 8 = 82%✅ win
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Trade 10 = 82%✅ win

9 win
1 lose

Join the signal through my WhatsApp below
Re: How Do I Start Forex Trading As A Beginner? by skylane: 8:53pm On Sep 06, 2020
Rahyberg:


Hello Sir, I wouldn't mind you teaching me as well. I have wanted to go into Forex but I got no one to teach me. I'll be glad if you can accept my request.
okay no problem then
Re: How Do I Start Forex Trading As A Beginner? by Rahyberg(m): 9:17pm On Sep 06, 2020
skylane:
okay no problem then
will you mind I sending you a PM?
Re: How Do I Start Forex Trading As A Beginner? by skylane: 11:21pm On Sep 06, 2020
Rahyberg:
will you mind I sending you a PM?
my whatsapp 081 33 1815 20
Re: How Do I Start Forex Trading As A Beginner? by Rahyberg(m): 11:53pm On Sep 06, 2020
skylane:
my whatsapp 081 330
Thank you sir
Re: How Do I Start Forex Trading As A Beginner? by Mr2kul(m): 3:43am On Sep 07, 2020
samegold:


Op this man above said everything


I'll advise you start reading online through babypips website, that's what helped me
You can try and watch videos too, follow this man on YouTube 'Adam Khoo'. Videos helps a lot more than you know
And try to trade on demo acct for at least two month, don't rush in cos unless you want to lose your capital
Hello sir, I'd like to learn Binary options, please can you recommend some tutorial sites or PDFs and YouTube videos
Re: How Do I Start Forex Trading As A Beginner? by Rahyberg(m): 9:32am On Sep 07, 2020
CC Skylane
I have message you on Whatsapp.
Re: How Do I Start Forex Trading As A Beginner? by rasheedatt(f): 6:31pm On Sep 09, 2020
ElectronicMoney:

Have you started the journey yet?
not yet

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