Hi everyone! I need to know about one question- can I invest in forex for a lng term?
suppose I GBP and buy 100$ . then I don't trade this for three months, what will happen? willI get that 100$ in my account to trade after 3 Months?...
please let me know if my question is not clear as I'm not so good in ENGLISH.
You need to check this with a little amount.It is not good to do with a big amount like $100.I think it is better for you.Personal experience is better than others,because everything will be changed for any reason or rule of every company or site.
I think better is that,you should invest first $10 to test.Then when you become expert,then you can increase your invest.
this not good as early stage of trading you should invest little amount like 20 $ for long time and invest in fovor of trend
Dear its depend on you how many experiance you have about the forex if you have sa many experiance so you invest big money and if you have no expriance so you invest the 10$
If you think there is a good chance that the currency will move the way you predicted, you can start your long-term Forex trading strategy by opening a USD pair position that matches your prediction. But you should think about where the second currency is likely to go before you do that. If you want to be cautious, choose a quote where you think the second currency will be the most stable.
Trading in Forex is best done over shorter time frames. Although there are others who promote it for long-term trading, in general, Forex is not designed to be traded for lengthy periods of time.
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