Forex trading is a great way to make money quickly. Do you have to know all the information about the market before you start making money? No, you really don't.
Although the market may be attractive, the direction of the foreign exchange industry is unfavorable. Many foreign exchange services, whether brokers, signal providers, or just general foreign exchange websites, market in a completely ineffective manner and prevent themselves from making any profits, or at least not earning the profits they should have.
Too many people have a negative impression of the foreign exchange industry and associate it with a dark market, rather than a serious global market that should be compared to it. If someone is responsible for this, it is the foreign exchange trader himself.
Before discussing some of the steps that foreign exchange companies should take, let's check what the Forex company is doing wrong. If you look at a general broker or service provider on the Forex market, you will usually find one thing. They are all committed to achieving large-scale results immediately. Of course, this is wrong and will mislead people and eventually bring bad reputation to the foreign exchange industry.
Forex is not a magical solution. Generally speaking, no one has become the next night's Bill Gates by trading forex. Yes, this is the biggest market, yes, the Forex market has $3-4 trillion in transactions every day, but if you are not ready to enter, you will almost certainly not see any of them. Learn the market, study charts, learn about financial news, and pay attention to experts and forex signal services. These are just some of the basic advice I will give to newbies.