Well written. One needs to to be careful before starting to trade forex especially if one is a beginner. It's always good to start off with demo accounts then moving on to real accounts with little investment.
Since you seem interested in reading Forex related blogs, I would also suggest you check out QuantInsti's blogs. They have everything right from the basics to the most advanced concepts and strategies on Forex trading and algo trading.
I learnt to develop Forex trading strategies through the courses offered by a platform called Quantra. The best part about them is that they come with interactive exercises and you can even practice coding your trading strategies. And they have one of the courses on Forex available for free...
I think one factor which people often misunderstand and which makes forex risky is 'leverage'. Leverage offers a person to place a trade of higher amount with a lower investment. For eg: if the leverage ratio is 10:1, one can place a trade for $1000 by investing just $100. However, sometimes...
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