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Having complete knowledge about Forex doesn’t ensure success as a trader. You have to get wet to learn swimming. Further, fitness and continuous practice could not be set aside to make a person, a good swimmer. Forex also warrants practice and persistence. Furthermore, you need a trading plan to be successful as occasional visit to the pool helps you win nothing.
Stepping in as and when and trying your luck in Forex, would not give you any profit and you might end up as a loser. Even if you have gained some money, it would be a factor of luck.Instead of doing Forex as a gambling, you could do it as a business , if you plan your actions perfectly.
1. Demo Trades
Avoid using your real currency before you gain confidence in Forex trading. Testing the Forex waters with demo trading is the right choice as it saves you from initial loss and probably from early exit from the Forex trade itself. It helps you to know the basics of trading and lets you gain some confidence about the process of ...
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