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opportunities in the currency market ( self )

submitted by Thomas Warning: 0%

I would like to share my experience of participating in the foreign exchange market. Recently, I decided to try my hand at trading currency pairs. Predicting an increase in the euro against the dollar, I tried to take advantage of this trend, but unfortunately, I did not achieve the desired result. I would be grateful for your advice on risk management and, in general, on effective strategies in the currency market.



Upvoted: Thomas
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Edward —

Hi, I understand, I too had moments of panic at the beginning of my journey. It's actually quite a normal reaction, especially when you see how quickly the course is changing. Personally, I found a useful resource that helped me keep track of the https://roboforex.com/beginners/analytics/forex-forecast/currencies/eurusd-forecast-and-prediction/ forecasts. At some point, I was following the analytics and noticed that trends sometimes predict changes, and this helped me understand the market better. The main thing is to stay calm and not give in to emotions.


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Georgee64 —

This is an interesting topic! I'm still just reading about trading, but EUR/USD is a really popular pair for beginners, and many people manage to get off to a bad start with it. The main thing is not to rush, especially if the rate starts to jump. I will follow your discussion, maybe I can learn something useful for the future.