Welcome to Foreign Exchange Market, the world’s biggest market place. This is where all the global currency trade takes place every day, 24/7. Just imagine the scale, about US $5 trillions circulates within Foreign exchange trading system. Even a breadcrumb portion of it will make anyone wealthy.
But, what matters the most is, do you have what it takes to reap what Foreign Exchange Market offers?
Join Foreign Exchange Trading, Now!
On top of your head, call out five things that matters the most in your life! If financial freedom is one of them, you come to the right place.
Foreign Exchange or commonly abbreviated to Forex, can give you a huge return if you know what you're doing. But, don't worry, we're going to guide complete beginner to earn money in Foreign exchange trading! From this point, I'll tell you every hint and secret you need to know to reap rewards in world's largest market!
First and foremost, you don't need an office or a workshop to start online trading for Foreign Exchange market. Basically, all you need is a personal computer and internet connectivity!
That's only the first step! We'll discuss more below!
How Does Online Trading Can Actually Earn You Money?
Have you seen a lot of Ads saying stuff like, "work from home, earn millions dollar", or sort? Chance are, you came here just for it. Yes, it's true, there are people who earn money by online trading. So, how do they do that?
Earning money from online trading is similar from traditional market, where people buy and sell stuff. Essentially, they make profit by offering things at higher price than its original price. In other words, it's the famous "buys cheap sells high".
It sounds much easier said than done, though. That's because rich buyers and quick sellers are far and between. For instance, if you are trying to sell something much higher than its actual value, you'll find it difficult for anyone to be interested in buying it. Same thing goes if you try to low-ball a product much lower than its production cost.
In comparison from traditional marketplace, online trading is much better because anyone can participate anywhere, anytime from all around the world. Subsequently, it's easier to find thick wallet buyers and cheap bargains.
That's just the tip of the iceberg, for more information about online trading, click the picture below:
So far, the biggest and the most crowded market this planet has to offer is foreign exchange. Basically, foreign exchange allows people to trade a lot of currency to another, hence it's other name, currency trading. There, you can reap profit when a pair of currency either rise or fall from its current Foreign exchange rate value.
For more information about how to do currency trading, click this picture below:
Moving forward, we'll discuss more about how to play safe in foreign exchange market. Believe me, you'll need it, else you'll waste all your money!
How To Survive Foreign Exchange a.k.a. Forex Trading
Even though foreign exchange market promises huge return, one simple mistake can cost your whole starting capital. Especially when you start Foreign exchange trading for the first time without proper guidance. To avoid that, here's some tips you need to take note of:
Open a position(s) with a clear reason
This is the most basic rule of thumb; open a position only when you are sure about it. For example, press a buy order and hold a long position if you think price will keep going up. Conversely, press a sell order and hold short position if you are 100% sure that the price will move downward. If you don't have any reason or aren't sure where market will go, it's much better to stay away from it.
Don't do overtrading
Losing money from wrong trading position is nasty experience. But, if you think to trade more to compensate it, then you're falling into overtrading trap. Even worse, you can end up losing more money. If you can stand a losing position, simply move away from your trading terminal. Take your time to cool off your head, so you can return with refreshed mind later.
Play Foreign Exchange with risk capital only
Yes, it's true that anyone with enough capital can start trading in foreign exchange. However, it's recommended to play Foreign exchange with money you can afford to lose if all the position go south. We don't intend to scare you, but it can happen to anyone. So, it's better to be safe than sorry, yes?
All three suggestion above scratches only the surface, click the picture below if you want to know more! how to earn consistent profit from forex trading Well, I don't want to dump too much information to you at a time. Because from my experience, too much theory won't do any good. That's why you need practice.
Practice Foreign Exchange Trading with Demo Account
Like driving a plane, a pilot needs a simulation training before he is allowed to fly it. Similarly, demo account lets beginner simulate Foreign exchange trading using virtual money. In essence, you can trade with fake currency while the server simulate it as market orders, just like paper trading. Also, worthy of note, every profit you made using demo account can't be withdrawn.
Additionally, most of demo account is free. So, you can start to download it right away! Click the picture below:
That's the easy part, now let's improve our foreign exchange trading skill by learning trade signal.
Improve Your Chance of Making Profit with Trade Signal
Having difficulties at predicting market prices? We got a solution for you! Start using trade signal and feel the difference!
Trade signal can simply point out where market prices will likely head to. Practically, it can generate either buy signal or sell signal on your trading chart so you'll get hints when to open a position. Additionally, trade signal can efficiently shorten decision making, yes, less headaches is always welcome.
Does that interest you? Start learning how to use trade signal by clicking picture below:
Trade signal sounds neat, eh? Well, that's not the only good thing you can try to improve profit making. By the way, do you know that there's also completely automatic trading robot to manage your trading account effortlessly?
Welcome to New Age of Trading: Expert Advisor
Everything you know about conventional Forex trading is about to extinct, make way to the challenger, the big bad trading robots! Trading robot or alternatively known as Expert Advisor has been around for years since online trading become a thing.
Initially, it was used by computer geeks to automatize their trading orders, because they didn't want to repeat the same thing over and over again. Now, Expert Advisor gets more advanced as they can process trade signal automatically.
In short, it can now completely ease off your burden! You don't need to watch chart all the time or think hard to open positions, because the robot will do it for you! Sounds attractive? To learn more about how to use Expert Advisor, click this picture below:
Doesn't matter how good your trade signal is, or how great your Expert Advisor is, it's all comes down to this: Foreign exchange brokers. They are the one who is responsible for your trading accounts. Without them, it's next to impossible to get an edge as retail trader in foreign exchange market. That's the reason why you need a good Foreign exchange broker to assure your lasting and consistent profit making.
Trade With the Best Forex Broker, Make Profits Like A Boss
Finally, we come to this most important factor in Foreign exchange trading; choosing an ideal broker. Bluntly speaking, your profit is indirectly related to your broker's trading term and condition. Following that statement, the more reliable and transparent your Foreign exchange broker is, the more profit you can make while trading foreign exchange with them.
Be wary though, you need to check broker's credibility before depositing your money to them. That's very important to note as many beginner got scammed by fraudulent agency, disguised as Foreign exchange broker.
If you have no idea where or how to start looking for ideal Foreign exchange broker, click the picture below:
Yup, that's all the basic secrets of foreign exchange trading, folks! If you have read this far, you are ready to try Foreign exchange trading in demo accounts (please, don't rush real trading, yet).
Wish you all the best!