Forex trading is getting popular day by day. You can make money by trading foreign currency. It can be a good source of income if you can learn the art of trading. To acquire the knowledge and skills you need to study a lot.
for new in trading Demo is the most decent way of learning , but I also use back testing feature of Mt4 trading platform. Yes, no doubt demo is useful, but it’s a slow process! Besides, back testing is quick process! I used back testing after practicing my demo for 5 months.
Adribaasmet posted: for new in trading Demo is the most decent way of learning , but I also use back testing feature of Mt4 trading platform. Yes, no doubt demo is useful, but it’s a slow process! Besides, back testing is quick process! I used back testing after practicing my demo for 5 months.
Yes, the demo platform is the best for new traders. Proper education can be achieved on the demo platform.
You can open an account with a reliable broker platform and practice your trades before putting any money into it. There are demo accounts that the brokers provide which you can use to get better at trading.
For me, the most important part is getting knowledge about trading platform/broker. I think that before entering the market, you need to study all the information about the market, trading, brokers. It was hard for me to choose the right broker. I searched a lot of sites in order to find smth good. I also spent a lot of time looking for a broker and accidentally found this site Finarm, which has a whole bunch of different companies listed. It's pretty convenient and can give you some insights.
I always advice new traders to start off from the determination why do they need trading. If they can answer this question without any illusions, like making millions, then they should start learning trading activity. Try to learn as much information as you can and try to do it chaotically. Of course, you have to determine which trading style is the most preferable to you. For example, if we speak about technical analysis and short-term trading, then try to learn everything about it. When you will gain some information, you have to find a proper broker and open a demo account. There you can start practicing and gaining experience. After you see the results of your practicing, try to trade small amounts of money on a real account and analyze your steps.
1. Know the significance of educating yourself regarding the Forex market. 2. Understand your limits and risk taking power. 3. Understand where to stop during the trade. 4. Control your emotions. 5. Maintain a slow and steady pace.
cashonmymind posted: I'm interested in trading but don't know where to start. Any tips?
First to start with, make up your mind to be devoted towards Forex learning. Do a good search on the internet to get forex videos, lessons, pdf. You get a lot of free learning materials on the web. Practice your learning on demo account. Take time to find a solid strategy that works for you. Never be in a hurry to jump into live trading. I am wishing you all the very best.
고위험 경고: 외환 거래는 모든 투자자에게 적합하지 않을 수 있는 높은 수준의 위험을 수반합니다.
레버리지는 추가적인 위험 및 손실 노출을 만듭니다. 외환 거래를 결정하기 전에 투자 목표, 경험 수준 및 위험 허용 오차를 신중하게 고려하십시오.
초기 투자의 일부 또는 전부를 잃을 수 있습니다. 잃을 여유가 없는 돈을 투자하지 마십시오. 외환 거래와 관련된 위험에 대해 스스로 교육하고 궁금한 점이 있으면 독립 금융 또는 세무사에게 조언을 구하십시오.
모든 데이터 및 정보는 정보 제공 목적으로만 있는 그대로 제공되며 거래 목적이나 조언을 위한 것이 아닙니다.
과거의 성과는 미래의 결과를 나타내는 것이 아닙니다.