Most tutorial guides are explained in written words such as this blog but an alternative option is to watch a video.
Both of these two methods require your capability to grasp the idea of what is being discussed.
However, there is a huge difference when you are performing the actual action as you follow the basic step guides.
This is because the learning process of an actual performance could take several pages while when written in words and doing the actual work yourself is way much more enjoyable.
Before even trying to start trading forex, a basic knowledge about the theories such as the definition of what a pip, margin, leverage and etc… is required because most of the functions of your trading interface are identified on those terms.
Before even trying to start trading forex, a basic knowledge about the theories such as the definition of what a pip, margin, leverage and etc… is required because most of the functions of your trading interface are identified on those terms.
If it happens that you are already familiar about these basic terms then you can proceed on these following guide lines:
1. There are several forex brokers out there that you can choose from and I highly advise that you have to search for those that are reliable.
1. There are several forex brokers out there that you can choose from and I highly advise that you have to search for those that are reliable.
This can be done by asking traders on various forum sites regarding about their experiences with their own brokers.
The most popular trading platform is the Meta Trader 4 and you can easily find them free to download.
There are other different types of platform out there but the Meta trader is the most highly recommended due to its multiple functions and multiple indicators.
2. Considering that you have already downloaded the software, you now have to install the platform before you can create a demo account.
2. Considering that you have already downloaded the software, you now have to install the platform before you can create a demo account.
You might also want to run the installer under your trusted anti-virus for some malicious viruses before installing.
3. Creating a demo account is simply easy where you have to provide a few details about your self and the type of an account that you wish to manage.
3. Creating a demo account is simply easy where you have to provide a few details about your self and the type of an account that you wish to manage.
You can even adjust the leverage and the select the amount of your initial investment.
After successfully completing the form, you are now able to manipulate the platform interface.
After successfully completing the form, you are now able to manipulate the platform interface.
You will be able to find the currency pair column on the top left area composing of symbols such as GBP/USD, EUR/USD, and etc…
The other columns are the “bid” and the “ask” representing the values or rate when you are going to make a “Buy” or a “Sell” order.
Placing an order is an easy task to do. Simply look for the button that states “new order” on the top part of your platform interface then click on it.
Placing an order is an easy task to do. Simply look for the button that states “new order” on the top part of your platform interface then click on it.
A pop up window will show up where you are provided with two options which are either to make a Buy or Sell. Choose any on one of these two choices and follow the instructions to execute your order.
You can then check your current order on the “trade” tab located at the bottom of your broker’s interface.
The remaining task for you to do is to play around with your platform until you are able to familiarize yourself on all the functions.
Try to customize the looks of your charts such as changing the colors and dragging down those indicators around.
If you came to the point that you have already understood everything about your platform then you have successfully mastered the basic of trading manipulation.
You can effectively like some of the characteristics of the currency trading market. It is not similar to a stock exchange. There is no spot limitation. Trading is not controlled by any stock trade. You don't have any clearing house or intervention boards. The currency trading market scenario is easy to anticipate. With its immense trading volume and scope from the United States to Europe, Australia and Asia, the remote currency trading market is a standout among the most predominant financial markets anyplace in the whole planet.
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