first of all you should trade with demo account and when u practise well and when u get confident that u can do trade in real account then u can trade in real and yes main point never forget to set stop loss in all ur trades
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first of all you should trade with demo account and when u practise well and when u get confident that u can do trade in real account then u can trade in real and yes main point never forget to set stop loss in all ur trades
The initial step in starting trading is to open a demo account to train and get to know more about the use of the platform we will use. Once we know how to use and wearing and tried some strategies in trading then we can open a real account, it is advisable to use the account cents.
I start with Insta with a investment of $10 in cent standard account. You also can try it. Meta trader 4 is better to choose as the trading terminal.
Further i open an swap free acount with 1:200 leverage.
A newbie trader like me is better to trade with smaller account balance than directly trade use a huge account balance in the beginning of our trade journey. By doing this method we will avoid from getting high loss in every trade that we make. Beside that samller account balance are less stressful than if we use bigger account balance.
I advice everynew one prior to making decision of investment amount and broker they must study the basic of forex after understanding the basics research on brokers and platforms that what are the benifits broker are offering, than make a decision select a broker and platform than open a demo account with that broker so trade on demo atleast for three month and try to go throught all the terma and conditions and benifits that offered by your broker to get maximum from trading when to go on real.
to start trading, before you can learn and find all the info related to forex. you can learn and experience through this forum. for beginners should practice first with a demo account.
once you have enough skills you can walk to open a real account in instaforex, and I suggest to use mt4 platform because it is easy to use and understand.
the best forex brokers is depending to your strategy and money management because broker have different leverage and spread and also plat form for me the best broker is instaforex.
Better to invest our time first to study our about forex market from basic thing until advance level than we directly trade using huge amount of money but we does not know anything cause this condition will make us suffer a lot of loss. ,if we want to run a business, we must believe that we can succeed in this business, if we do not believe we can succeed in this business, then we do not have to run this business, we'd better find another business,