Can anyone suggest the best FX trading app for a newbie? Especially the one providing basic training to use the app and does the automated trading.
Thanks!
Best Forex Trading App for Newbie
Taro Milk Tea on 29/03/2021 - 11:22
Comments
Please tell me you're not in IM Academy..
IM Academy
You mean /r/wallstreetbets, right?
"Best Forex Trading App for Newbie"
none because you are newbieHmmm it's getting harder to ask genuine question in OzB…loll…
Hey Taro,
Despite the critical answers i think these members are coming from a place of not wanting you to lose your money. Forex is one of the most efficient markets in the world. Efficient = hard to profit. Honestly forex makes the stock market look like a walk in the park. If you had to do it, go with an australian registered broker so that atleast your deposit is relativly safe due to government regulations. Pepperstone is a reasonably reputable example.
Good luck
Hey, thanks for being the first who giving sensible response lol..though I have no hard feeling for those critical answers lol
People lately in Ozb has been quickly into judging that someone's intention of asking a question in the forum, is their own intention.
I literally just want to start learning and I know that usually that some of the forex trading app provides you with a simulation environment to play around, so im just curious which one of those that you guys think is the most recommended to use.
be careful
think of it like gambling - give yourself a limit and stick to it. don't invest anything you can't afford to completely lose
Here is the Australian government trying to convince you not to take up forex trading as an amateur: https://moneysmart.gov.au/investment-warnings/forex-trading
Definitely would not recommend forex trading for a newbie.