We will try to give information about forex, which is a different investment tool than conventional investment instruments. What is the difference between Forex and stock market? What kind of transactions are done in Forex? What should I pay attention to when starting Forex? Will Forex really make money? We will try to answer these questions as soon as possible. Please read it until the end of the writing and write your questions in the comments section. We hope you can benefit.
How is Forex invested?
In our previous article, we tried to answer as much as we could in order to get the question “What is Forex?” To find out what Forex is, you can find it here.
Investment in Forex is quite different. As an example, an investor traded on the stock exchange takes any stock and the investor wins as the stock gets value. However, when the stock price starts to devalue, this will be at the expense of the investor. Here is the first and biggest difference of Forex. You can trade in Forex. So you can earn money when a currency rises or falls against the other. Take, for example, the EUR / USD currency. If 1 euro is 1.20 dollars and you think that euro will gain value, you will invest in euro. But what are you going to do if you see that euro will lose value in the basic and technical analyses you are doing? This time you can also make a profit when the euro falls.
What kinds of transactions are done in Forex?
You do not have to trade in currencies in Forex. Depending on the brokerage institution you choose; In precious metals such as gold, silver, platinum, aluminum; In agricultural products such as cotton, sugar, oil, coffee; Natural resources such as oil, natural gas; World stock exchanges such as DAX30, S & P500, NASDAQ; You can invest in stocks of big internet companies like Google, Amazon, Yahoo, Bing. Another difference of Forex is coming out here. Forex does not restrict you as much as other investment tools and allows you to earn money based on the investment you choose.
What should I pay attention to when starting Forex?
When you start Forex, it is of utmost importance that you think about investing first. Even if some brokerage houses offer $ 5 account opening, this is a deception. Think about how much money you can make from your investment with $ 5? For this, we first recommend that you have at least $ 100 for the forex. Of course, more important than this, you will benefit from having enough practice in demo accounts and entering the market once you have understood the power of forex.
The next step in determining the amount you plan to invest is to select the brokerage house. The intermediary institution is of great importance here. At Forex, you can choose a broker based on the speed of delivering orders to market, the speed of their servers, their technical infrastructure, and the benefits you receive when you receive your payments. We will then prepare a detailed article on this subject.
Will Forex really make money?
The answer to this question depends on the person. Once you get good information about the markets and follow the movements on the market and take the right steps, you will definitely win. Psychology is the most important factor that affects you when you invest. If you choose an overly risky strategy and do not manage risk properly, you lose on the forex market. It is not possible to lose after you prepare yourself for the market.