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It enables investors to react to market movements, and is influenced by political or economic factors which prompt investors to enter or exit the market accordingly.” “Trading crypto, however, can be more risky as there is less information and fewer case studies to predict performance,” adds Mawas “There are less established markets and although there may be a promise of larger returns there is no profit guarantee, but a long-term option for potential profit.” Mawas explains that for those that wish to start trading Forex there are tried and tested strategies that beginner traders can consider.
“Trading based on an emotional impulse often results in traders buying and selling at inopportune times.” “While trading offers great benefits, it is vital for traders to follow a strategy and to start simple.
Additionally, Forex instruments also provide leverage as well as plenty of trade opportunities thanks to its volatility, thus making it an easy instrument to trade.” “The foreign exchange market allows private individuals, large institutions, governments, retail traders and more to participate,” he says.
“Its easy-to-use functionality, coupled with an auto-copy feature that allows traders to automatically copy the top traders to receive the same results, makes it the ideal platform for beginner traders to learn and grow,” he says.
Trading takes place on relatively new decentralised platforms using blockchain technology, a system which makes it almost impossible to change, hack or cheat.” “Forex is foreign exchange, or FX, and takes place in the largest, most liquid, well established global markets.
“A viable way to learn and kickstart your trading journey is via online community apps, such as IX Social, where traders can share knowledge, trades and experiences with like-minded traders.
“For example, with Forex traders buying and selling these high volumes daily, it creates a liquid market that offers opportunities for all types of traders..
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