It’s true that tiktok and youtube videos have become quite popular among people. But I don’t think that any sensible trader would trust them without researching the facts. It’s true that I got to know about forex trading through youtube and FAQ sections of brokers like fxview and xm. It took around 6 months for me to gain enough confidence to risk my money.
Everyone is right here. But not to forget, these videos are an important reason why the youth has taken interest in forex trading.
When it is about risking and investing your money, I don’t think you should trust just any tips. The more you find your own ways, the better you will be able to prevent losses.
Absolutely buddy. This is where demo account trading helps. Test drive all your strategies before investing money.
I don’t think that’s possible with demo trading. Let’s speak of a lower time frame for instance. The 1 minute to 15 minute chart time frame is unachievable till you’re not live trading. Also something that’s just not recommended for beginners.
But I feel that trading in a lower time frame opens up an array of trading opportunities. That’s what we’re all here for right? I mean if not all, but there are bound to be few trades where you’ll taste profits.
Well, for one, the movements in the price actions are quite fast and this turns out to be a risky proposition. Also, can you spend time in front of your computer screen during the market hours to constantly check and modify the trades? If yes, then you can still think of going for it.
They definitely cannot make any shift to the forex industry with their platform forex has more of economical and political factors driving it. But that being that small penny stocks and the new small scale cryptos can have some effect like the one we witnessed a couple months back when logan paul announced he is investment into that coin.