Probably, there is no user who woulddid not hear about "Forex". This currency market is one of the most liquid in the world. It is here that you can get a high return on your investment. However, you should remember that you can not only earn money on the Forex market. There is a high probability of a partial or complete loss of your deposit. All trading operations taking place on the foreign exchange market have increased risks. Therefore, many users do not dare to go all-in and prefer to start their work on Forex from scratch.
What is "zero" on the Forex exchange?
Very many would like to know how to playForex from scratch. In fact, if a user really decided to earn real money for "Forex" seriously, he must necessarily open a real account and replenish it with his own investments. "Zero" is a relative concept in the foreign exchange market, and it is impossible to earn anything without investments. Yes, and that's understandable. Any person who gets a job, first goes through some training, then practice and only after that starts earning. So in the foreign exchange market: before you start working, you need to get training. And since the foreign exchange market is connected with investments, after the passed training it will be necessary to replenish your real account, and only then it will be possible to earn money. And in order to earn them, you must first learn how to play Forex.
Start of training, or demo account
Virtually all brokers offer newcomersopen a free demo account. This is such a specialized training account, through which you can get acquainted with the currency market, the trading platform and the working conditions on it. Beginning trader will not need any investments, on the contrary, he will be credited to this account with virtual money, with which he can pass his training. The broker provides every novice trader with all the opportunities to try his hand at the real currency market, but at the same time the risks are absolutely excluded. On the training account, a beginner trader can learn how to play Forex from scratch, without own investments.
The training account is used by traders who haveexperience of trading in the market. It is on it that you can test any new trading strategies, technical indicators. Almost all beginners before the start of real trading use the demo, because it is on it you can absolutely free to try their hand at it.
Different types of bonus programs
In the currency market among brokers existsa lot of competition, so they are constantly improving the terms of trade for traders. Brokers offer various bonus promotions and programs. One such program is a no deposit bonus. With this bonus, a novice trader will be able to learn how to play forex from scratch, without their own investments. Under the terms of the program, a newcomer who has just registered on the broker's website can avail himself of a no deposit bonus.
However, you need to carefully read theconditions of this promotion. For any person, a certain amount (depending on the stock) of the bonus points is given, which must be won back. After the trader plays the desired number of points, he will be able to derive real profits on his account. Thus, you can not only learn how to play the Forex market, but also get real profit. Many newcomers use this kind of bonus.
The basis for successful trading is choosing a broker
One of the factors of a successful game on the stock exchange,is the choice of a reliable broker. Only with an honest broker can you earn anything. Your choice should be treated responsibly. Before you play on the Forex exchange through the Internet, you need to know all the information about it. Be sure to read reviews about the selected broker, find out if he has any documents, and whether he is registered with the regulatory authorities. It is advisable to get acquainted with the broker's rating.
Services provided by brokers
Every reputable broker on his website offersfor beginners to pass a free training course. It is on this course you can find out information on how to play Forex from scratch and without investing your own funds. Since brokers offer internet trading, it is from this course that you can learn how to play on the Forex exchange through the Internet. On the site of the broker you can get acquainted with various trading methods, technical indicators, take advantage of analytics from leading experts, find the suitable trading strategy for yourself and test it on the training account.
The real game in the foreign exchange market
After a novice trader learns the basicsForex market (how to play on the stock exchange, manage your investments, limit risks), and also select a trading strategy for yourself and test it on the training account, you can go to the real market. It is best to start trading on a cent account. It gives you more advantages and opportunities for traders. For example, on any standard account, an investment of $ 100 may have more risks than the same deposit of $ 100, but on a cent. This is explained by the fact that on a cent account such investments look like 10,000 cents, which means that traders have more options in different trading situations.
In conclusion, I want to say:you can play and win in the Forex currency market, but you must always observe all security measures: managing your capital, distributing risks, applying analytical forecasts, using working trading methods. It is necessary to test and work out the trading strategy that the trader intends to use.
