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Forex Trading Beginners Guide

The Forex Trading Starter Guide provides an introduction to Forex trading, explaining it as the buying and selling of currencies for profit in the largest financial market. It outlines steps for beginners to start trading, including learning the basics, opening a demo account, creating a trading plan, joining a trading community, and funding a live account. Essential tools for trading such as MetaTrader and TradingView are also mentioned.

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9 views3 pages

Forex Trading Beginners Guide

The Forex Trading Starter Guide provides an introduction to Forex trading, explaining it as the buying and selling of currencies for profit in the largest financial market. It outlines steps for beginners to start trading, including learning the basics, opening a demo account, creating a trading plan, joining a trading community, and funding a live account. Essential tools for trading such as MetaTrader and TradingView are also mentioned.

Uploaded by

vetanimalstz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Forex Trading Starter Guide

For Beginners Interested in Becoming Traders

1. What is Forex Trading?

Forex (Foreign Exchange) trading is the process of buying and selling currencies to make a
profit. It’s the largest financial market in the world, operating 24 hours a day, 5 days a week.

2. How to Start Trading

Step 1: Learn the Basics

- Understand what currency pairs are (e.g., EUR/USD)

- Learn common terms: pips, lots, leverage, margin, spread, etc.

Step 2: Open a Demo Account

- Choose a broker (e.g., Exness, Deriv, IC Markets)

- Open a demo account to practice without using real money

- Learn how to place trades, manage stop loss and take profit

Step 3: Trading Plan

• Start with one strategy ( price action or Smart Money Concept)

• Define your risk per trade (e.g., risk \$10 to make \$30)

• Practice consistency

@Copyrights by Raymond
Step 4: Join a Trading

• Getting trade signals

• Staying motivated and disciplined

Step 5: Fund Your Live Account

• Start small (e.g., \$20–\$50) and trade with proper risk management.

3. Tools You’ll Need

• MetaTrader 4 or 5 (MT4/MT5 app)

• TradingView (for charts and analysis)

@Copyrights by Raymond

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