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Steps to Becoming A True Professional Forex Trader

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Forex trader who trades forex for more than 5 years, see that if we learn good principles And the right steps during the beginning of forex trading will increase your chances of success in this career, not just 100%, but I mean 1000%, so don't undergo the steps. Now, if ready, let's take a look at 10 important steps in forex trading for beginners. And if you are a new person I recommend to try and follow.

Understand forex correctly firstFirst, you must first understand what forex means. For forex, it means currency exchange. In which we, as forex traders, want to profit from price differences. Which is easily translated as We want to profit from the price difference.

But if digestion is easier to understand, trading forex, we can make a profit by predicting the price of that currency pair in the future, it will rise above the open price. Or below the opening price The more the price runs in the correct way that we predict And how far can go We can only make more profit from forex trading in that eye.

Some vocabulary is easy. But while some words may be difficult for beginners But I advise to try Write down the terms that we come across in forex trading and expand our meanings. Understand every sentence. And it will greatly improve our trading potential.

Decide which side to master

Are you ready to be a master? I believe that the answer you got back is still (Oh!) Be patient. Even if you are not yet, the way of forex forces you to choose. Which side you want to be a master in. In forex trading, we have two types of Masters.

Brokers that choose are important.Currently, there are a lot of forex brokers, probably more than 20 that support at present (2020), but I would mainly recommend you to consider the brokers that are ranked with the Top 3 of forex as the criteria for consideration, would be the best such as Such as FBS, XM, PEPERSTONE, etc. Choosing a broker that is trusted by most people already. Will help reduce future complications.

Practice with a demo account firstAfter applying to be a forex trader, the first thing I want you to do is try trading forex with a demo account first. Really, I think that at present Everyone has neglected this rule a lot. As a result, forex trading has problems such as port blasting. Or have to clear the port etc.

So if you are a new person I recommend using a demo account first. Play for about 1 month using the strategy you selected. Or learn with any teacher forex teaching. Believe me, just test your forex trading for a while and you'll find mistakes and solutions. And when it's time to trade the real port I guarantee that you will definitely make a profit.

Deposit, withdraw money as seen profitEvery time you trade forex, you have to make a deposit first. I recommend using online banking methods. The reason is that the process of depositing and withdrawing money Must enter the KYC system to prevent money laundering problems.

Therefore, if you choose to deposit money through channels such as credit cards, it may lead to further complications. And give you the feeling that you don't want to trade forex.

Set trading settings appropriatelyYou must set up trades. And manage your lap for proper forex trading. Do not trade forex like gambling. Or sit and guess the graph and add random prices With the hope that it must be more accurate and easier than gambling!

Know the 3 principles for successPrinciple 3 shoots are not complicated. Here, I mean the 3 factors that you must pay attention to and improve throughout your forex trading. The more you master these 3 shoots, the better. You will become even more skilled. The 3 main shoots are as follows.