How to get started with forex speculation, how to get started with forex speculation

The detailed process of getting started with forex trading is mainly divided into the following six steps:

Step 1: Master the basic knowledge of foreign exchange trading, such as the principle of foreign exchange trading, the role of leverage, the concept of spreads and commissions, the relationship between merchants and brokers, the trend of currencies such as EUR, USD, GBP, AUD, etc.

Step 2: Understand the impact of fundamental news on forex trends, such as consumer data, GDP data, unemployment rate, employment changes, industrial data, production data, etc.

Step 3: Read more on the Internet or in books about the use of some technical indicators, including **, MACD, KDJ, RSI, support and resistance, etc., and master and use them skillfully in future transactions.

Step 4: Familiarize yourself with the foreign exchange market by simulating foreign exchange trading, and then judge the trend by combining the fundamental news and technical aspects learned before, simulate placing orders and trading, and test your own foreign exchange speculation skills.

Step 5: Choose an excellent, formal forex trading platform. It must be subject to strict supervision of financial institutions, such as the FSA, the National Framework, the Australian Association and the Investment Commission ASIC.

Step 6: Deposit to participate in the real foreign exchange speculation, after passing the above foreign exchange speculation entry, you can start real trading, but due to the first transaction, do not have to invest too much money, light position to try, with the improvement of the ability to control the market, you can slowly survive in the foreign exchange market.

Go to the bookstore and buy a book on forex primer. Find a platform, open a demo account, and use what you have learned to practice operations.

This is to take your time, learn the technology first, and talk about making money. Light position, follow the trend, stop loss.

Don't operate with a full position, always blow up. There are big ups and downs, and that's not an investment is gambling. The only way to invest is to let the money slowly rise in a straight line.

Forex trading beginners should:

1. Understand the basic concepts of foreign exchange, how to speculate, what software is needed to assist, and understand the form of foreign exchange in China.

2. Participate in the simulation operation first, master the basic software trading rules, learn to see, be familiar with the basic indicators, how to see the market information and impact.

3. Learn to look at the fundamentals, the basic analysis of economic data, be familiar with the basics of technical analysis, how to look at resistance levels, support levels, understand the foreign exchange market, how to look at experts, institutions, bank reviews, etc.

4. Learn the operation methods of trading masters and take their essence! Familiar with major investment theories, trading systems, focusing on fund management in the first place, grasp the mentality, active physical exercise, understand the global macroeconomic form, political pattern.

5. Don't start with the idea of tyranny, novices first think about how to ensure that the principal is not lost.

6. In the selection of the foreign exchange platform, we must be cautious and cautious, compare more, and understand more. Novices must make less deposits to do foreign exchange, because novices do not understand foreign exchange and do not know about it, but they blindly join when they hear that foreign exchange can make a lot of money. Brother slow.