Trading frequently asked questions (FAQs)
In this section, you will find Trading and Forex related questions that will help you understand what this is all about and joyfully get on board to the Prosperity Trend.
Forex and ‘FX’ are abbreviated terms used for ‘foreign exchange.’ Foreign exchange or ‘Currency trading’ is the exchange of money from different countries. Forex traders earn money through buying and selling currencies on the foreign exchange market.
Yes, Trading in FOREX or any other market represents considerable risk of loss and may not be suitable for everyone. It is crucial to fully understand the risks involved in trading and never to invest money you cannot afford to lose.
Yes, We at Prosperity Trend handle trading with strictly regulated brokers since security is one of our main principles.
Nevertheless, If you prefer to use different trade platforms or brokers, You must check that your preferred broker is regulated in your region. Without a license, the trading platform could be considered a scam. Make sure your choice of broker has both a license and proper regulation.
Maybe, trading for a living demands dedication and discipline, and an extensive understanding of financial markets. We don't recommend quitting your job until you get a profitable and consistent trading technique. But this ability only comes with practice and emotional control.
There is no minimum amount, so it depends on what your goals are and your financial capacity. We don't recommend investing money you can't afford losing. Paper trading is a fantastic option for learning Trading basics and get you comfortable. Nevertheless, playing with fake money will always make you invest more than what you would do with real money.
Before you even make your first trade it’s important for you to understand yourself, and your relationship with risk. Consider your financial well-being, and determine whether you intend to pursue an aggressive or a passive investing/trading strategy.
Learn the basics and always have a plan, and to stick to the plan.
A mentor is always a good idea. If you are looking for one, then you are in the right place.
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