Forex trading for beginners
Hi there New to forex. I want to make money in forex, what i do?. If you have this question on your mind. that’s good you are forex trader
Forex trader. what is that?
What is a forex trader?
Forex means simple terms of foreign exchange, and another names are FX or currency trading. The forex is a bussiness. I think so if you do bussiness you are a bussiness man.
Right! then you do same bussiness in forex market, buy and sell currency. You are a forex trader.
The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion.
OK . What is currency?. bingo
What is the currency trading?
The term “currency trading as buying and selling currency on the foreign exchange (or “Forex”) market with the intent to make money, often called “speculative forex trading”.
speculative that means you don’t have anything in physical and everything in computerized plotform like computer game.
In the game you win ya! you get lot Joy. if you loose nothing. But here real money so loose no nothing to have in your pockets. that’s all
OK, I am Ready to enter in big forex market.
any successful forex traders?
Ask this questions?
Who are the most successful forex traders?
this is big game. 10% success forex trader have other 90% losser money.
Some are surprisingly humble while others flaunt their success, but all of these successful traders share an unshakable sense of confidence, which guides their financial performance.
Stanley Druckenmiller. …
Andrew Krieger. …
Bill Lipschutz. …
Bruce Kovner. …
OK enough, I want in this game right now.
In your mind sparkle
How much money I need to start..
try this simple calculation.
How much money do you need to start trading forex?
well if you have 5$ you start this big game but easily you end loose.
because. it is not a game, bussiness you need to capital. so
If your account is $100, that means you can only risk $1 per trade. In the forex market that means you can take a one micro lot position (see Calculating Pip Value for information on various lot sizes), where each pip movement is worth about 10 cents, and you need to keep the risk to less than 10 pips
OK, I have 100$. How much I can Make…
How much money can you make from forex trading?
simple things always perfect
before you need decent forex day trading strategy.
Best forex trading strategy
- Symphonie trading systems forex profit
- Bella Trading system
- RSIOMA Forex Trading System
- Trend Rider V3 Trading System
- Forex Trading System 96% winners
If You are not satisfy this forex trading strategies more Trading system forex
Ok come into our calculations..
$5,000 account, you can make roughly: $1500 – $300 = $1200/month or 24% monthly return.
what is 300$
Therefore, commission costs are 100 trades x 6 micro lots x $0.5 = $300.
OK. WOW ‘oh my god, 24% monthly return
hey forex trader, wait a minute
forex trading can be a rocky highway to enormous losses and potential penury. But first, the stats.
wait a minute. man Can I get rich or Not.
yes. You Can get rich by trading forex
Forex trading may make you rich if you are an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches.
Ok What next
Start trading forex with a demo account before you invest real capital.
You do paper trade until you can make a consistent profit. Many people jump into the forex market and quickly lose a lot of money.
It is important to take your time and learn to trade properly before committing capital. The best way to learn is by doing!
How do I start forex trading?
That way you can get a feel for the process and decide if trading forex is for you. When you’re consistently making good trades on demo, then you can go live with a real forex account. Here is the deal best forex broker EXNESS
why I need forex broker help…
What is a foreign currency broker?
Firms that provide currency traders with access to a trading platform that allows them to buy and sell foreign currencies. A currency trading broker, also known as a retail forex broker, or forex broker, handles a very small portion of the volume of the overall foreign exchange market.
Now I think I know everything about forex
One more simple questions
How can I trade forex successfully?
this is not simple
ok try this
Here are Rules maximize your potential in the currency exchange market.
Know yourself. …
Plan your goals. …
Choose your broker carefully. …
so i try this Exness more than 5 yrs. you May..
Pick your account type, and leverage ratio in accordance with your needs and expectations.
happy mint money..
happy forex trader.