Features that you should consider when starting to trade Forex.

Any business related to making money has its own characteristics, without taking into account which you can make a lot of annoying mistakes, which will then result in the loss of money.

Forex trading is almost always associated with a lot of money, so losses here can be more than noticeable for your budget, and you can lose money even where you have no idea.

Let's move on to the main issues without taking into account which it is better not to start stock trading.

1. Losses - losing on Forex is much easier than making money, especially for novice traders, so it is not recommended to trade with other people's money, borrowed or credited.

2. Taxes - it would seem that no one cares what you earn on the stock exchange, but in fact all your income is subject to taxation. And if you do not declare them, then at best you will face huge fines. This issue is described in more detail in the article “ Forex Taxes ”.

3. Time - it will take more than one month, and sometimes even a year, to start earning stable income.

That is, you won’t be able to make money quickly. 4. You will have to study - read books about Forex , watch video tutorials or undergo training from a broker, the process is quite complicated and tedious.

5. Choosing a broker - in addition to spreads, you should also pay attention to the speed of order execution, the trading terminal that the broker uses, the stability of this terminal and the speed of order execution.

6. There are no 100% winning strategies, and even the best of them require certain trader qualifications.

7. The danger of automatic trading - many beginners start trading immediately using advisors, usually this approach leads to losing their deposit .

Therefore, a novice trader should not rush to use automatic robots. Well, the most important advice is not to start trading with large sums, you yourself have no idea what difficulties you may encounter, so it is better to risk the full amount after gaining some experience.