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Nairaland Forum / Nairaland / General / Investment / How Do I Start Forex Trading As A Beginner? (3812 Views)
Why You Should Start Forex Trading �� / Is $100 Enough To Start Forex / Cryptocurrency Trading As Plan B For Beginners (2) (3) (4)
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: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: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: 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: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: 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: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:thank you sir |
Re: How Do I Start Forex Trading As A Beginner? by samegold(m): 3:00am On Sep 02, 2020 |
badaru911: 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 |
Go to www.babypips.com |
Re: How Do I Start Forex Trading As A Beginner? by Iamvincentnam: 1:39pm On Sep 02, 2020 |
badaru911: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: 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: mehn love this explanation☺☺ |
Re: How Do I Start Forex Trading As A Beginner? by skylane: 12:43am On Sep 06, 2020 |
rasheedatt: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: 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: 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 Trade 9 = 82%✅ win 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:okay no problem then |
Re: How Do I Start Forex Trading As A Beginner? by Rahyberg(m): 9:17pm On Sep 06, 2020 |
skylane: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: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:Thank you sir |
Re: How Do I Start Forex Trading As A Beginner? by Mr2kul(m): 3:43am On Sep 07, 2020 |
samegold: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:not yet |
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