Shalirad
Corporal
- Messages
- 133
You should start with basics, i.e. understanding the market and simple economic concepts such as supply and demand.
There are actually lots of different resources about trading forex online and some of them are free of charge. You can start with this website in military school section. The educational center here is made for the absolute beginners who don't know anything about the forex market and trading procedures. There you can learn lots of things and start implementing this knowledge on practice.
As for the broker, I don't think that I can advise you the exact broker here, but I can tell you whih aspects you should pay your attention to. First of all, it is official regulation. Despite the fact that forex market is becoming more and more regulated, there are still the chances of depositing the money to the scammed trading account. If the broker has an official regulation, it is highly unlikely to be a scam. Secondly, you should finf out where the broker started to work on the market. In most of the cases scammed brokers exist only for several months, so, if you see that the broker that you are interested in has been working for 5 or more years, you can make sure that it is trustworthy. Finally, you should pay your attention to the trading conditions which this broker offers to its clients. Some of the broker charge so much, that the traders have to give the biggest part of their profits to the broker in the form of spreads and commissions. More than that, if you are a scalper then see whether the broker allows short-term deals or not.
There are actually lots of different resources about trading forex online and some of them are free of charge. You can start with this website in military school section. The educational center here is made for the absolute beginners who don't know anything about the forex market and trading procedures. There you can learn lots of things and start implementing this knowledge on practice.
As for the broker, I don't think that I can advise you the exact broker here, but I can tell you whih aspects you should pay your attention to. First of all, it is official regulation. Despite the fact that forex market is becoming more and more regulated, there are still the chances of depositing the money to the scammed trading account. If the broker has an official regulation, it is highly unlikely to be a scam. Secondly, you should finf out where the broker started to work on the market. In most of the cases scammed brokers exist only for several months, so, if you see that the broker that you are interested in has been working for 5 or more years, you can make sure that it is trustworthy. Finally, you should pay your attention to the trading conditions which this broker offers to its clients. Some of the broker charge so much, that the traders have to give the biggest part of their profits to the broker in the form of spreads and commissions. More than that, if you are a scalper then see whether the broker allows short-term deals or not.