First steps on trading

[nahiyar]

Yes proper knowledge is required for forex to start forex properly. A trader watches market movement before open any position. He should know trend , see market movement by watching different charts and indicators . These all are initial steps before trading.

 

[downtrend]

The very first step on trading is learning, you have to get the knowledge and first, try on demo and then trade in real account for eanring.

 

[dianajs]

Personally, I think that apart from learning the very basics one can train on a demo account and study the theory simultaneously, that way every lesson has the benefit of being a practical one.

 

[nahiyar]

Demo account with keen interest is necessary , just trading is nothing until you not learn fine details as margin , lot and leverage selection at right time of market move . If you manage your amount accordingly you can do well.

 

[hitfx]

I think what needed is demo trading, you should start the demo trading for practical experience and knowledge which is the key for getting success in real trading.

 

[john nathan]

First steps to be taken to while starting trading:
1. Get the brief knowledge about market.
2. Search for some good brokers.
3. Open a demo account with them and test the trading conditions and practice with them

 

[dianajs]

I would recommend, once you have gained some basic knowledge and understanding of the market, to look for simple strategies you can test on a demo account. Try different things on different time frames and figure out which approaches fit you the most.

 

[downtrend]

Yes go to simple steps first in trading . Do not use complicated strategies that will confuse you . Easy trading would increase your confidence. You can do many experiences on demo that is a first step for beginners. First time you should not do trading with live account.

 

[Qasim waqar]

You can get the forex relating books online and can get the knowledge from that books, you should also work on demo account for practical experience and the you should start the real trading for better results.

 

[Jeff Martinez]

Most importantly: Don't burn through 1 penny on any trading course or other trading item yet. Begin off with the free instruction materials. Information , learning and trading practice is fundamental advance for new traders. They need to battle first to know forex market and about trading at that point venture forward to live trading unhesitatingly. nobody can make accomplishment without information. All things considered, you should see generally themes. Essentials, specialized investigation, supposition. The more you know the better trader you will be.