WHAT IS FOREX TRADING FOR BEGINNERS
Forex to a beginner means buying and selling of a country currency against the other.If you are travelling from one country to another and you have to exchange your local currency to the currency of your destination country,you have done forex.
HOW TO TRADE FOREX AS A BEGINNER
This is where your interest comes into forex,but how to start becomes hidden to you.I will unveil alot of info you need to know befor going into forex.
The first action you have to perform is to open your forex mt4 or mt5 trading account with a reliable broker.
WHAT TYPE OF ACCOUNT IS THE BEST FOR A BEGINNER
The type of broker you choose and the type of account you open is going to determine your success in forex.There are different types of forex account but i will only write the best i ever used.
The best account for a beginner is Demo account to practice untill you are sure about the signal you are taking while the live account should be opened when you are sure that you trust the signal you are taking.
This is my best account,which i have used and i am verry good with it.This is a standard account with leverage of 1-300 with bonus accepted.This type of account with this type of bonus will help you to explode if you have a good signal provider.
HOW DO YOU TRADE FOREX AS A BEGINNER
You will have to find a good mentor with proven result of profitable signal,you will take signal of your mentor and place signal based on how it is given.
You will plan lot size par signal based on the amount you have in your account
Do not trade any day you are not in good mood
Stay away from what always damage your mood
Join your mentor in whatsapp or telegram group
Enter the email list of your mentor
Do not double lot size
Every month you should withdraw few percentage of your profit
Disclaimer
This post is only for educational purpose.Never invest the money you are not willing to spend
No comments:
Post a Comment