To be successful, you need to be very far-sighted and should have analytical skills to figure out the quickly changing market reforms. Forex beginners obviously lack these skills which improve with the time. But to give you a quick start, we have come here with a course to start trading in forex market look at what we offer.
- Introduction to the Foreign Exchange Market
- Market Drivers
- Major currency pairs
- MT4 Platform
- Order Types
- Fundamental Analysis
- Technical Analysis
- Types of Chart
- Candlestick patterns
- Risk Management
- Fund Management Solutions in Forex
If you do not know what currency pair is and do not know what for we need a trading terminal, you can start this course.
We will discuss the basis: origins of the Foreign Exchange Market, its participants, how traders make money on it, what tools they use and how they manage to make million dollars transactions with only real 1000 US Dollars.
The main purpose of the course is to provide a general idea about Forex and basic terms and strategies so that you get a clear idea of what forex is all about and how to benefit from forex trading.
How to start Forex Trading?
- Find a Genuine Broker:
Obviously, it’s not like an ordinary market where you can simply go and buy stocks directly from the sellers. So there are people who are authorized to buy and sell these currencies on the behalf of the investors as well as the company. These people are called Brokers. They can be individuals, companies or online agencies which are approved by and regulated by the various regulation board.
There are now two methods to find a broker. One is that you simply approach a genuine broker and start dealing. Other is that you search online to find out a trusted forex broker.
- Open an MT4 trading account:
The next step involves getting a Trading account compulsorily. This account will also receive your statements (a summary of your buying and selling actions) from time to time. Thus, it is a virtual proof of all your funds and transactions.Trading Account is necessary in case you want to buy and sell.
- Fund your account:
Once your account is open, you’ll need to transfer funds into it to start trading. You can do this in a variety of ways via the ‘Account’ tab on the trading platform.
- Start trading:
Now you have an online trading account and have deposited funds, you can start trading.
If one does not have time to trade one can even choose a forex investment option where you only need to deposit funds and expert fund managers will trade for you.