Forex for a beginner.

Forex for beginner

Financial Forex market at first beginner investor seems confusing and complicated, it immediately raises a lot of questions, what it is, where to start trading, where to trade? Forex - is the international currency market, where the investor deals through a broker selling it. International turnover of this market reaches ten trillion dollars a day, three of them in Russia. Broker is a kind of intermediary, all operations on the international foreign exchange market holds investor through it. By choosing a broker should be approached with great care as all further profits largely depend on it. Criteria for selecting a broker:

The positive reputation (reviews of the broker can be found in the media or in specialized forums);

Availability of training mothers and demo account;

The conclusion of the deposit should be during the day, when it should not be the Commission;

Hour qualified customer support traders;

Software for various devices;

The minimum amount to open a cash account;

The minimum transaction amount.

After selecting a broker novice Forex trading platform must be installed, which should provide the broker. Then go through the tutorial and start a demo account. Starts Demo Account for free, thanks to him, you will protect yourself from losing money, and of the total discharge of the deposit due to lack of skills to the market. Pledge of successful trading in the market - a prediction and selection of the correct strategy, so do not rush to move to trading on the cash account, you must first try to double at least twice a Demo Account and develop its trading system on the market.

When registering a cash account major forex brokers may require to send a scan of the passport, it will protect the trader from stolen cash, the password must contain uppercase and lowercase letters, as well as a variety of characters. In the first stage of trade for real money transactions must be carried out on the minimum amount, you can not play against the movement of the market investor would not be able to change it. After a 2-3 losing trades you need to take a break. Every investor should be financial motivation, with its stock trader more responsible approach to trade and thinks each transaction to the last detail.

When you go to a large amount of transactions is necessary to implement them in the longer term, it is considered less risky transactions from a week to several months.