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what does successful forex trading depend on?
Hey. First you should choose a reliavle broker. As for me FxPro and Libertex is the best pair. You can read more about FxPro vs Libertex
Oh, I have to say that a lot depends on the strategy that you chose and the platform that you work on. In general, forex trading is not that hard, and it's possible to find a trustworthy broker with pages like https://blogs.cornell.edu/learning/7-tips-to-find-best-forex-brokers-for-us-forex-traders/, so you just have to come up with a decent strategy and be hardworking in order to become successful.
Many of my friends traders have now switched to cryptocurrencies, as there is a lot of volatility and, accordingly, a good opportunity to earn money. For me personally, at the moment it is also much more convenient to use the python trading bot to earn money on crypto. I'm sure you might like this solution from napbots that I've been using for a few months now. Join and create your own trading bot for successful trading.
Hey! I am now also studying forex brokers. You can read more about the best forex broker indonesia here.
With the resources and basic trading tools in hand, you can start studying the market as a whole, as well as the tokens you are interested in, by looking at crypto charts . Understanding the specifics of cryptocurrencies and the factors that affect the course is one of the main factors for success. Experienced traders are always on the lookout for industry news, developer news and major global events with global implications.
Before you start trading, you need to decide where to do it.
Successful Forex trading is usually based on a competent choice of a reliable Forex broker, such as fbs trader https://tradersunion.com/brokers/forex/view/fbs/ and various methods to optimize the trader's work and help him achieve the best result.