how to trade Forex

 Beginners / How to Trade Forex?

Learn how to trade Forex

Forex market in itself is the same as any other: commodity market, stock market, or the one that is near your house. All of them have similar features; the difference is only in the goods offered and the methods of making a deal.
Since Forex is a currency market, it’s obvious that the product it offers is foreign exchange currency. Your job as a trader is to buy currency at a cheaper rate and sell it at the more expensive. The difference is your profit. You can also do it in reverse. Knowing that the price for the currency will go down, you sell it at the expensive rate and buy it back later at a cheaper price. The difference in price makes your forex profit

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Forex: You can do it!

Beginners may find it difficult to understand how to trade forex and how to make money in Forex trading. In fact, the Forex trading is no big deal and everyone can do it. All you have to do at first is to open an account at RoboForex broker website, download and install the program where you can trade – trade terminal. You can work just as on demo-account, where you can practice and sharpen your skills as a trader, so on the real account, where you can make real money.

To understand how millions of traders earn money with FOREX trading, all you need is to give one minute of your time.

Forex newbies sometimes find it difficult to understand how exactly one can gain on the differences in exchange rates. To explain this, let us consider an example - how to forex trade. Once you open a forex trade account with a RoboForex, of say $100, you need to define the upper and lower limit on the chart of the currency pair, say EUR / USD, and decide what you do: buy or sell. Assume that on October 3 you predict that the quotes will rise, and thus you buy EUR 7500 at the price of 1.318, making a deal of 7500*1.318 = USD 9885. This is possible due to the level that allows you to make transactions worth 100 times more than you have at your account. On October 27 the rate rises up to 1.42. You decide to sell EUR 7500, making a deal worth of 7500 * 1.42 = USD 10,650. Your earnings amounted to 10650 - 9885 = USD 765

 

The visual information is always easier to understand and to remember, therefore, we suggest that you take at a look at the video course, that we offer for free and learn some skills necessary to trade forex successfully.	MetaTrader4 is the most popular program for traders around the world to make their deals. All you have to do is to download and install it on your computer so that you can also start working on Forex.	The more accurate the analysis of the market is, the more profitable deals you can make. We offer you daily forex analysis from the best market experts. Keeping your eye on the news and forecasts, will make you gain hand in forex trading much faster.

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How much money do you need to trade?

To start trading on the forex market one doesn’t need a big amount of money, as it may seem at a first glance. Thanks to the level that Roboforex offers, you can enter into transactions amounting to tens or hundreds of times greater than the sum in your account. For example, with the deposit of $ 50 and 1:100 level, you can make a deal amounting to $ 5,000.