Trading 212 is underrated, but one of the Best forex trader youtube channels out there.
It’s super clear and personable, with useful illustrations and examples in tutorial videos – this is especially good for beginner traders (or even more experienced traders who want to brush up on their skills).
Who runs the trading channel
Steven Hart – CEO and Head forex educator – The Trading Channel | LinkedIn.
Who are the best day traders to follow?
- Jim Cramer – @jimcramer
- Peter Brandt – @PeterLBrandt
- Mohamed A
- ZeroHedge – @ZeroHedge
- Paul Krugman – @paulkrugman
- Steve Hanke – @steve_hanke
- Joe Weisenthal – @TheStalwart
- Ashraf Laidi – @alaidi
What is the best paid forex course?
- Best Overall: ForexSignals.com
- Best Value: Traders Academy Club
- Best Comprehensive Course Offering: Asia Forex Mentor—One Core Program
- Best Free Option: Daily Forex FX Academy
- Best Crash Course: Six Figure Capital
What is the number 1 trading channel on YouTube
1. Warrior Trading. From the channel: “At Warrior Trading I teach people how to make a living trading stocks!
We review our trades each day on YouTube to give students free educational content!”
Is forex better than stocks
Forex trading is generally less regulated than stock trading, and forex traders have access to much more leverage than stock traders.
Forex trading uses pairs, so the trade depends on the performance of two economies rather than trading a single stock.
Why do most forex traders lose money
The reasons for this are actually quite clear; as many traders don’t actually understand the forex market, they make the same mistakes time and time again.
In our opinion, most traders lose money because they simply have no real grasp of the big picture.
Is forex easier than stocks
It is arguably much easier to keep track of eight main currencies compared to thousands of different stocks.
Ultimately, this allows forex traders to ‘get to know’ various pairs to better understand what works for them (and their trading style).
Why forex is the best
The Forex market is open round the clock, which allows you to trade whenever you want.
It provides great flexibility for traders who want to trade part-time and as there are no market opening or market closing times the opportunity for potential profits is 24 hours per day, 5 days per week!
Who is the Forex king
Who is the king of forex? 90-year-old George Soros from Hungary is one of the world’s most successful FX traders.
Is Forex a gamble
Forex is gambling in a business sense of way,but its not the same as betting in casinos,because in forex you invest you don’t bet.
Can forex make you a billionaire
In conclusion, people have become billionaires from trading forex, although this isn’t something that happens very often – if ever.
The most successful Forex traders are able to make several million dollars a year, although this is the exception rather than the rule.
Is forex riskier than stocks
Forex trading is riskier and is more difficult to predict than stock movement. Stock investors use the fundamentals of a company’s stock to forecast its future prices, but there are more factors that affect the value of a country’s currency.
How many hours a day does a forex trader work
Forex trades 24-hours a day, from Sunday evening to Friday afternoon in U.S. time zones.
This around-the-clock action makes it impossible to watch continuously in real time, encouraging a razor-like focus on specific time frames and forex pairs.
Is it better to trade stocks or forex
Both stocks and forex tend to move much faster than other assets, with values changing constantly over the course of the day.
However, foreign currencies are a much faster market. Investors can hold individual stocks for months or years, while it’s rare to hold currencies for more than a few hours or days.
Can you learn trading from YouTube
1. Yes, if you’re new to trading. If you don’t know what trading entails, you don’t know what you don’t know, then yes, learning the basics from YouTube is a great starting point because it’s free.
How much money can you make from forex
Even so, with a decent win rate and risk/reward ratio, a dedicated forex day trader with a decent strategy can make between 5% and 15% per month, thanks to leverage.
Remember, you don’t need much capital to get started; $500 to $1,000 is usually enough.
Is trading forex legal
Fact: Forex trading is legal in all countries where the currency is allowed, which is why the forex market is the largest financial market in the world with a daily volume estimated according to Central Bank of FX and OTC of $6.6 trillion per day.
How long does it take to become profitable in forex
Expect to put in 6 to 12 months before you develop enough consistency to see a profit for the month.
If you reach that point, from what I’ve seen those monthly profits are likely to continue.
Who is the best trading teacher?
- FinnovationZ
- Pranjal Kamra
- Elearn Markets
- Trade Brains
- Sunil Miglani
- Nitin Bhatia
- Yadnya Investment Academy
- Ghanshyam Tech
What you need to learn to trade forex?
- Open a spread betting or CFD trading account
- Start researching to find the FX pair you want to trade
- Based on your research, decide if you want to buy or sell
- Follow your strategy
- Place your forex trade
- Close your trade and reflect
Who is the best mentor for trading
Pranjal Prasad, Senior Financial Mentor of Trendy Traders is ranked as one of the best mentors in stock market field because of his excellent and outstanding performance.
How do you master forex?
- Pay attention to pivot levels
- Trade with an edge
- Preserve your trading capital
- Simplify your market analysis
- Place stops at genuinely reasonable levels
Why is Forex so easy
High Liquidity. Compared with any other financial market, the forex market has the largest notional value of daily trading.
This provides the highest level of liquidity, which means even large orders of currency trades are easily filled efficiently without any large price deviations.
Why is forex so difficult
Maximum Leverage The reason many forex traders fail is that they are undercapitalized in relation to the size of the trades they make.
It is either greed or the prospect of controlling vast amounts of money with only a small amount of capital that coerces forex traders to take on such huge and fragile financial risk.
Can you earn a living trading forex
Yes, it is possible to make a more than decent living with forex trading.
However, in order to do that, you must become a profitable trader. Once you are making consistent profits, and are among the top forex traders, you stand the chance to become a profitable trader with your own funded trading account.
How much does it take to learn forex
Learning forex trading takes time, and becoming a competent beginner depends on whether you can get formal training.
Learning to trade on your own is not impossible, but it may take longer than when you have an expert guiding you.
Experts say it takes about two years to grasp the basics.
Will forex be around forever
No. Unlike stocks, real estate, and other investments, this market powers through. In the spot forex world, we have natural uptrends, downtrends, and consolidation periods.
When we trade, we trade one currency against the other.
Can you make money on forex with $100
Many people realize that $100 doesn’t buy much these days, but if you want to trade the forex market, $100 can get you started and could even generate a new source of income from home.
Can I trade forex without a broker
Trading forex without a broker is possible through P2P currency exchange platforms like TransferWise, or using other money exchange locations online or in person.
Compared to trading with a forex broker, the spreads are much higher with these services.
Sources
https://www.stevenduxi.com/
https://www.top1markets.com/insights/richest-stock-traders
https://www.dailyforex.com/forex-articles/2009/12/lesson-2—why-is-forex-trading-so-hard/3043
