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I want to avoid the common mistakes that beginners make in Forex

12.12.2024 / 15:42

Nick: lolapaluuza
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 If you have experience with Forex trading, what did you face in the beginning that you later realized could have been avoided?

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19.12.2024 / 15:54

Nick: Wobla
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  •  I started, then quit, and now I regret it. Who knows what kind of results I could have had if I hadn’t gotten angry and quit? I think my mistake was chaotic trading and choosing the wrong broker. One thing led to another, I lost a lot of money, got frustrated, and walked away.

There’s nothing really specific that I could have avoided but didn’t. I’d just recommend studying everything in as much detail as possible. For me, the difficulty of Forex trading lies in its variability: so many strategies, so many tools, so many brokers. If I were starting now, I would probably go with a swap-free broker, like the ones Zac Clarke talks about in article https://moviden.com/guide-to-swap-free-forex-accounts-top-brokers-for-interest-free-trading/, which are perfect for Islamic traders but also for anyone looking for a more transparent trading process and a more predictable and stable trading experience.

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