Forex - is it a scam? How do I trade correctly? A beginners guide.
01
Understanding the lingo
You need to know terms such as: Pip, Spread, Bid Price & Ask Price
02
Choose the right broker for you!
Working with a reputable broker can mean the difference between profiting from your trades and losing money between the bid and the ask price.
03
Analyze the world economy.
To be a profitable trader, you must convert your base currency into a quote currency set to rise in value, then convert your quote currency back to your base currency when the value peaks.
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