How to learn forex trading for beginners.
How to learn forex trading for beginners.
To find out that a forex broker is a trusted and appropriate broker, you can check directly on the Commodity Futures Trading Supervisory Agency (Bappebti) to find out whether the broker of your choice has been officially registered and allowed to operate, one of which is FOREXimf.
Choosing a trusted broker that has a legal license, you might put it aside, if you think of forex investing as a game like gambling. Because the risk is most likely to occur with a fake broker, namely the loss of investment money that you deposit is larger and unexpected.
So, make sure the best forex broker of your choice is a partner who guides you to find the expected profit!
3. Don't forget, Learn Risk Management in Forex Trading Well!
Risk management is one of the most important pillars in trading. Before starting trading, a trader must think about how to manage the risks that will be faced.
Not only does it reduce the risk of loss, but a trader must know how to survive in the highly competitive forex market.
One of the reasons, can happen if the trader has bad money management. Examples that often occur are:
Do not place Stop Loss.
Stop Loss is too small, so it is easy to hit it before the price reverses according to the trader's initial estimate.
Stop Loss continues to be widened in the hope that the trend will reverse according to the trader's initial estimate.
That is why it is highly recommended to limit risk because in forex trading, such management will involve the proper use of capital (setting the number of lots) as well as the appropriate risk limitation (risk management).
4. Finally, take advantage of a demo account to improve your Forex trading performance
The demo account is a type of account provided by a forex broker, with which the trader (newbie / beginner) can do real forex trading online without having to accept the risk of losing trading capital.
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