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If you are new to the Forex market and want to learn how to make a profit - I ask you to read this text. I will try to give you some tips - how to get started as quickly and safely as possible.
First of all, I must say that trading in the market is not given to everyone. A trader must have special qualities. You must be calm in the most difficult situations, be able to use financial instruments (primarily indicators) and act (and not doubt yourself) when you feel that you are right. This is the only way to make money, and not lose money in the financial markets.
1
Deal with the tool
At least learn how to work in the terminal, study indicators and standard strategies (they give minimal profit, but still work). We provide you with the most advanced trading tools in the best terminalMobius-Trader 7 system There are two options for studying the terminal:
So you can start trading without risk. You can fully explore the terminal and understand how you can make money in the market
This is a quick test system for your strategies. You can trade on historical data as if in real time, quickly testing any strategy
Trading training in MT7 terminal2
Try to trade
Demo account and history trading will teach you how to work with the terminal. They will help you understand which strategies are more or less effective. However, you can really learn how to trade only on a live account.You need to take the amount that you absolutely do not mind (at least 20-30 cents - this is about 15 rubles) - and try to earn at least 5 cents on them. If it works out, earn another 5. And another 5 - for now (maybe only in a month) - you won’t get 1 dollar. Further calmly trade further - but a little with a large lot (say for a week you will earn another dollar).
Open a trading accountPsychology is what matters!
Conducted scientific studies have shown that if you have a sufficient level of independence (you can be responsible for your own actions, not paying attention to the opinions of outsiders), then only psychology can become an obstacle to your success. It is she who can forever make you a loser.The same studies have confirmed that the best way to defeat yourself and your psychology is to start trading in small (and sometimes even just ridiculous) amounts. FXBitcoin Forex Company gives you this opportunity.We have developed an innovative technology specifically designed for beginners. It removes any restrictions on the minimum size of the transaction. So, for example, when opening a position on 0.01 lot on a cent trading account, one point will cost about 0.1 cent.
To get started, less than a dollar is enough for you!
By opening a cent account, you will get the opportunity to start working in the forex market with 10 cents. The most important thing in this case is to completely relax and be ready to increase this amount with little risk. Gradually, you will be able to start trading already for an amount of one dollar or more. If you feel that your psychology is under complete control, then feel free to increase the size of transactions.
3
The main thing is gradualness
Go to your goal (earn $ 10,000 or $ 100,000 per month) gradually - do not trade large amounts immediately. Moreover, it can happen that at 10 dollars in the account you earn consistently (1-2 dollars per day), and if you have 100 dollars in your account, you always lose.This is normal. That means $ 100 and earning $ 10 a day is too much for you. You begin to worry, you can’t work according to your strategy, etc. Therefore, you can easily earn $ 1 a day - and only by earning $ 20-30 do you switch to a larger lot and earn already $ 2-3. Do not try to earn immediately 10.
4
Learn to trade systemically
This is the easiest way to achieve results. Most well-known traders are systemic. There are a lot of different strategies on the network, you should not look at the promises of large percentages, but to test, try to trade, search for “your own” system - definitely “yes”! This will allow you to have some kind of plan from the very beginning, and not to set random.
Trading strategies5
Develop your strategy
When you have a little experience, start developing your own strategy that is right for you. Perhaps you will find it by this time, or just want to remake another. The main thing is to determine for yourself a method of trading and unquestioningly follow it. Of course, after making sure of its profitability.
6
Start a trading journal
Remembering everything that you do is quite difficult, so it’s much easier to write down. Fix your deals, starting with the very first one, this should become a habit. Then you can “look back” and understand how to improve your trading. Believe me, a trading diary significantly shortens the path to a successful trader.
7
Work on yourself and your emotions
Be a professional, strive for it! You already know how to start trading forex, now you need to be one of the best, it's not easy. Find motivation for work and do not make mistakes, then success will not take long!