Best tips for Forex newcomers on how to trade safely

Learn how to start Forex trading and begin to move along the way to success.

Foreign exchange market attracts more and more new traders worldwide offering great opportunities and quite achievable real benefits. But profits that come with the trading can truly be gained only through significant experience, enormous self-discipline and really hard work. 

Some useful tips to get around the pitfalls of foreign exchange market and to reveal the potential of novice traders are given below.  

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Top reasons to become a Forex trader

So many people dream of a successful start-up of beneficial business project, but they neither have business plan, nor considerable investment capital. This might be crucial for many business spheres, but not for Forex trading.

The Foreign Exchange Market is a global, worldwide, decentralized financial market for trading currencies. It has unique characteristics and properties that make it an attractive market for investors who want to optimize their profits. The Internet makes the process quick, convenient and very simple. Forex trading does involve risks, but alternative investments have better returns.

So, let’s discover the main reasons encouraging people to become Forex traders.

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What anime can teach you about Forex trading

Have you noticed how many Forex strategies and Expert advisors either have names taken from anime or sound like they were taken from there? It seems that huge worldwide love for anime is only growing stronger. 

You could have noticed how it absorbs almost every part of our lives. Even huge brands like Amazon, Nike, McDonald's, Nissan, Sony, New Balance and many others recognized the influence of anime and sponsored many famous titles. 


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Steven Cohen is a legendary trader of Forex market.

Each newcomer wonders, what features a trader should have to achieve an outstanding success at Forex market. One thinks this over and over again, dreaming of incredible profits, while, sometimes educating of these skills take a lot of time and efforts. But, can you imagine that there are people who have innate trader’s instincts? That’s the case of the most powerful trader on Wall Street you surely never heard of. Steven Cohen is an American hedge fund manager who was ranked by Forbes at the 106th richest man in the world and the 35th overall in the United States. 

Steven Cohen was born in 1956 in Great Neck, New York, where his father was a dress manufacturer in Manhattan's garment district, and his mother was a part-time piano teacher. Growing up in big Jewish family among seven brothers and sisters, he got used to concentrate on the essentials from the very early childhood.

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Video Games vs Forex Trading

We were thinking on what to feature in our blog when one of our developers suggested we take a break and play a short match in League of Legends. How bad can it be, right? Well, surrender the game at 20 minutes kind of bad because we didn’t play for a couple of months and didn’t read the recent patch notes. At the same time our analyst traded and managed to make a couple of bucks while we were playing. 

And there we were, defeated and frustrated as he smiled at us with the sense of accomplishment. We decided to sit down, gather our thoughts on what trading and gaming have in common, and what are the pros and cons of both. What else can a person do after he was defeated, if not analyse what he did wrong? 

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Forex market made Ingeborga Mootz famous worldwide, while nobody believed in her trading talent.

Starting with Forex trading, it’s likely that each of us needs to be inspired with the examples of successful traders. We are not talking about big wheels like George Soros, but ordinary people who live among us. Have you ever heard about Ingeborga Mootz? She is 96 years old millionaire, but she hasn’t always been rich. In fact, at least15 years ago, she was an unremarkable old widow. And now she is one of the most well-known people in Germany.

She was born in 1922 in a small town called Giessen and experienced all the hardships and sorrows befell people in Germany in the first half of the twentieth century. Hoping to escape from painful poverty young Ingeborga got married at the age of 17. She was dreaming of the wonderful changes that marriage will bring to her simple life, but it was destined to come true only 60 years after.

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How to earn $50 000 in 5 days. The story of Phongphat Wetchakarn

Phongphat Wetchakarn

There are plenty of opportunities to make money, you only need to pay attention. Phongphat Wetchakarn is a simple young man from Thailand, a former student and a trader in his part-time. He didn’t have a lot of trading experience, instead, he used his knowledge and common sense to make the most out of $123 bonus.


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6 most common myths about Forex trading

Here we gathered the most interesting of common myths about trading on Forex. Some of them you already might know from somewhere, but we decided to give more simple explanation for those who might be scared off by technical details. 

Did you believe in any of those myths? Read and let us know what you think in the comments below.

#1 You can achieve 100% profitability

Losses are an inevitable product of trading, and every trader/system may encounter them. Unfortunately, perfection can never be achieved, even the biggest traders lose money. There are thousands of anonymous participants in the market. Each of them has his/her own goal that you cannot know beforehand.The trader is at fault only when he fails to follow his plan, regardless of the outcome (win or loss) of a trade.

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Let’s find out, who is real Forex Guru and where to find him?

Most of ordinary people and new investors have a very little idea of who is Forex Guru? Whether it’s a fakir conjuring benefits from your trading soar to the heavens or a high-caliber trader ready to support and share his or her experience with you? Of course, the second option is closer to the truth. But, as Forex Gurus are hardly flying in the skies and wearing colorful tight suits like most super heroes, the biggest question steel remains “How to recognize them and where to look for real Guru?” 

In the common sense, Guru is a teacher and especially intellectual guide in matters of fundamental concern. Looking for reliable mentor, please, remember that Forex trading isn’t about predicting what happens next. It’s about having system with an edge. Don't ever trust a teacher without a track record, because usually those traders wish to hide their own failure and continue to provide a second class trading or teaching service.  I’m absolutely sure that you will be careful choosing trading Guru, but few hints to detect scam won’t be waste, for sure. 

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Artificial intelligence will change the Market forever

The beginning of the year is the best time to talk about the future. And apart from omnipresent ICO news, you’ve probably heard one recurrent subject – artificial intelligence(AI). If it doesn’t sound interesting to you already, you should probably rethink that, because no matter whether you want it or not, AI will soon change your life forever.

We’ve looked deep into different scenarios of the future AI brings and gathered all that will influence traders the most.

Major AI global race

The world is hyped for the new tech revolution AI will bring. Already there are rivers of cash flowing around it and it’s only going to multiply in the next few years. According to Bloomberg, AI will contribute as much as $15.7 trillion to the world economy by 2030. That’s more than the current combined output of China and India.

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Discover an exciting industry of currency trading with one of the best Forex Guides.

You can’t even imagine how great it is that you finally decided to try yourself as a Forex trader. First of all, I want to say how respectful I am to such people as you, always open for new opportunities, ready to turn your life better and reach significant success. Keep it up!

Luckily you are currently at FBS web-site and it means that you introduction won’t last too long as it has one of the most beginner friendly Forex guides ever. You probably wonder where to start? Don’t worry about it; I’ll take a virtual tour for you.

A starting point of our journey is FBS.com  Home page . Look around; it’s like a Broadway, shining with numerous bonuses, promos, invitations and special offers. It’s so attractive, that we will hardly pass by quickly. But don’t worry, we will be definitely back. We just need to get some basics to start. 

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