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Can you learn forex trading on your own?
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[QUOTE="Holicent, post: 245110, member: 76163"] The answer is Yes and no. There are a lot of things that you can learn by yourself, but it's not always easy. Forex trading is a complex market, and even if you have the most basic understanding of economics, accounting and finance, it can be difficult to understand how to trade effectively on your own. For example, many people do not realize that there are different types of trades that can be made in forex. The most common type of trade is the "long" trade you're expecting the value of your currency to go up as time passes (such as if you bought a US dollar). But there are also "short" trades which involve selling currencies at higher than they were purchased for (and then buying them back later). And then there are "neutral" trades which involve neither buying nor selling currencies but instead holding onto them until they reach a certain point in time when they will be sold off or kept depending on what happens with the exchange rate at that point in time (which could mean anything from making $100 on it all day long until selling it off late at night when things finally stabilize). [/QUOTE]
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Can you learn forex trading on your own?
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