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GeorgeWilson
17 Posts |
 Posted - Nov 03 2024 : 06:26:19
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| Hello, everyone! I have a slightly unusual question. A friend of mine is interested in forex, especially the euro/dollar exchange rate, and he constantly asks me for advice on how to navigate the currency market and make forecasts. I'm a complete beginner here, and so far it seems to me that every step looks a little scary. He seems to be trying to figure it out on his own, but he needs support or at least advice from someone who has a better understanding of how it works. Do you think there is anything you can tell him or any useful resources? |
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HarryJohnson
23 Posts |
Posted - Nov 03 2024 : 08:28:40
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| Yes, I understand your friend, I went through this myself recently! When I started out, it was difficult to understand currency forecasts and what to focus on. For example, the euro/dollar forecasts are a voluminous topic, but in order not to get lost, I tried to always check analytical reviews. For example, a lot of valuable information can be found on https://roboforex.com/beginners/analytics/forex-forecast/currencies/eurusd-forecast-and-prediction/ . Even if you don't understand all the terms at once, you will gradually get the hang of it. Let your friend familiarize himself with the basics first, it can make his life much easier. |
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AleksShamles
17 Posts |
Posted - Nov 03 2024 : 09:14:25
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| I have recently been thinking about whether I should try something like this myself, but I haven't decided yet. I believe that every business is a big risk, and it requires a lot of time and resources. Maybe someday I will, but for now I'm just studying the experience of people like you. |
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What advice would you give to your friend?
