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Some Small Tips about forex trading.

somrat4030

New member
Forex is a portmanteau of foreign currency and exchange. Foreign exchange is the process of changing one currency into another for a variety of reasons, usually for commerce, trading, or tourism. According to a 2019 triennial report from the Bank for International Settlements (a global bank for national central banks), the daily trading volume for forex reached $6.6 trillion in April 2019.
If you want to start forex trading, then first you need to acquire knowledge about forex trading. Inside forex without knowledge you will not gain in success. Here are some tips, how you can start forex trading:
1. Select a currency pair
2. Analyze the market
3. Read the quote
4. Pick your position
5. Analysis of all trading strategies.
6. Avoid greed.
7. Practice more and more with the demo account.
 

Polakandil

New member
If still beginner, in the first learning stage, they need to reading and learning basic education forex, I suggest learning from babypips school or pipsology, it is good material learning source, and then use demo account, choose a broker and open demo account, the then second step is started in real account if already confident in a demo account, practice in demo account better at least six months because so many traders fail less than six months, first time start in real account better use the micro account, it is used mini contract size and can start with $1 only as of the minimum deposit.
 
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