How do I start

Anthony23

Recruit
Messages
86
You need to take a start after getting the market knowledge and ethics. You have to study the historical charts and then try to build a strategy for your trades before entering the market with real money. Demo account is a best way to practice your trades. Thanks!
 

dianajs

Private, 1st Class
Messages
778
I agree, starting on a demo account is a good idea, that way one can learn without taking any unnecessary risks.
 

TrapLok

Recruit
Messages
127
Forex trading is a very risky and complicated business. You need to learn the basics and fundamentals of the market and the factors which effect it. You need to be patient and emotionally prepared for any bad investment.
 

emily_smith

Recruit
Messages
18
Forex trading is a very risky and complicated business. You need to learn the basics and fundamentals of the market and the factors which effect it. You need to be patient and emotionally prepared for any bad investment.
Yes trading is risky even after having proper knowledge of every factor you can not be 100 percent sure about your trading decisions. So be prepared for any kind of result while trading
 

EURUSD

Sergeant Major
Messages
1,133
Btw which brokers are you guys using for trading?
So many broker on forex world, might we will confused how to choose one that has good reputation, some broker need huge deposit to start and some need small capital and suit for retail trader, I am use FXopen, instaforex, fbs. but start with small money
 

carnelian

Private
Messages
196
Forex risk is not completely out even after knowledge, learning and experience. When ever we go for trading we face risk . First thing that a trader thinks how to manage risk all his planning is based on this issue . Successful traders had good grip on this aspect , SO beginners need to learn this when they are facing market.
 

Morten

Corporal
Messages
136
The first thing you need to do is learn as mush as you can about forex. The next thing you need to do is create an account in demo trading platforms. Remember demo trading will help you a lot. Then, find a broker and start real life forex trading.
 

dianajs

Private, 1st Class
Messages
778
I agree. Test every new approach and every new strategy on the demo account before using it on the live account.
 

Ross Bourque

Banned multi and spammer for ForexChief
Messages
37
Forex being a decentralized market offers currency exchange transactions to millions of traders around the world. And foreign currency exchange traders are now having the unique opportunities to practice trading before they start trading with their hard earned money. There is no doubt that in the present time, demo trading accounts are playing significant role in helping the new trader in the forex market. However, there is often a frequently asked question that how long a trader needs to spend in practice with demos.

It basically depends on the capacity of a forex trader to understand the market. if a trader understands the forex market quickly he can practice for relatively short time than any normal trader who requires more time to understand the market.
 
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