Forex is the largest and also one of the youngest international currency markets. One of the main secrets of his popularity – in fact, that even a novice in the presence of a certain basic knowledge and good luck can quickly secure a high earnings in Forex. In addition, this market is the most liquid, working five days a week, almost around the clock. Earnings in the Forex make available and factors such as high leverage, low transaction costs (brokerage commissions), high agility and a decent selection of tools for the trade.
How to trade Forex
The fact that the profit on the international Forex market can be, today almost no one doubts. However, how to make money in Forex? What knowledge, skills and abilities you need to have to achieve success here? Do I need to trader classical economics? Who can succeed in the currency market, and who is to elect another activity?
According to leading traders, which is better than any theorist knows how to make a forex foundation high results – a thorough and objective investigation of the dynamics of market indicators. Tools weight: technical and fundamental analysis, the study of combinations of candlesticks, Elliot wave theory, etc. Learn to predict the movement of foreign exchange rates, as well as to choose the right time entry and exit from it, observing the rules of capital controls, and having the proper mental attitude, you will certainly succeed in Forex.
How to Trade on Forex
The Forex traders all have an equal chance of profit, but in practice there may trade successfully only person who does not cease to grow professionally, is no stranger to risk, but make decisions based on logic, not emotion.
What you need to start on Forex?
trade account (real or demo version to assess their own capabilities);
deposit (minimum amount of money to be used for margin trading);
specialized software installed on a smartphone or PC;
contract with the dealing center.