Can anyone share how to start trading forex? - Seedly
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Anonymous

Asked 2d ago

Can anyone share how to start trading forex?

I would like to start trading but have no idea how should I start

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Jovan Lai
Jovan Lai
Level 4. Prodigy
Answered 2d ago

Hi Anon,

It's great that you are exploring the financial markets and trying to learn more apart for usual day jobs.

Trading forex is an interesting trend. I'm not sure what your interest are but personally most people who are interested have the misconception that it is easy or something good to start with.

It is falsely thought of as safe and less volatile which is true only to a certain extent. Forex trading is usually done in high volumes and if you have a small amount of money, you have to utilise a lot of leverage and that makes it very risky.

Trading is NOT easy, but of course there's nothing wrong to try it out. I would suggest learning from actual professsionals who give structured courses. It's unlike investing where there is already so much free information out there to learn from and especially if you are just passively investing, not too much knowledge is needed.

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ūüĎć
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Yang Teng
Yang Teng
Top Contributor

Top Contributor (Aug)

Level 9. God of Wisdom
Answered 2d ago

You can learn online through free resources such as websites or videos (e.g. https://www.tradingwithrayner.com/) or sign up for paid courses or find a mentor to guide you.

Personally, I would not encourage trading but if you're very interested, it would be better to have someone to show you the ropes.

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ūüĎć
0
Thank You!
Can you clarify
I wonder if
This is so helpful ūüĎć
What about
Post