by 
Anonymous
ANSWERS: 4
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Depends on the currency. http://www.forexyard.com/en/forex-tutorial
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Frankly apeaking -no. You have to lose in order to gain. Forex trading needs lots of patience and with experience and skill it gets better.Otherwise had not everyone made a millionaire of himself by merely forex trading? Using stop loss is very crucial.The markets are volatile And trading as per the strategy is the key. Talking about strategy - no single plan works for everyone. You will need to formulate your own-which you should be able to do over time. Yes it involves speculation. Measured tho.It is not equivalent to gambling.
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Accept that you are going to have losing trades in forex. Losing is a FACT. That's because there is a lot of randomness, and one can't always get every decision correct, especially as you start on a negative with the spread. Money management and emotional psycology: work on those, they are key.
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yes thee are ways....If you want to trade the Forex it's an amazing opportunity. Just be prepared to learn the skills and get the experience before you use real money. Most Forex brokers will give you a free demo account so you can get experience trading before you ever use real money. When learning to trade be patient and don't be compelled to trade with real money until you have proven to yourself that you can bring in consistent long term gains. This may take a year or more but once you get the skill it will be worth it.
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