Forex Tutorials — comprehensive guide for beginners
• The advantages of trading FX
• Forex Basics: major currency pairs, how to read quotes, and factors that influence exchange rate
• How to read charts and see trends
• What are candlesticks?
• How to open a trade
• What is leverage and can it be used?
• Stop losses and take profits
• Example commodities trade: influences on price
• Example stock trade: execution, and influences on price
• Timing: best and worst days to trade
• Getting Started: choosing a broker and opening a demo account
• “Going live:” switching from a demo account to a real one
• Social trading and tips from professionals
• Account types, trading platforms, fees, and spreads
Trading Simulator — free forex simulator for beginners
The trading simulator pulls in a live data feed from global financial centers (NYSE, NASDAQ, FWB, etc) and updates your charts in real time on a 1 second tick mark. The simulator allows you to access a complete history of all of your trades and other operations.
Economic Calendar — never miss a beat or get caught off guard
Hone your trading strategies with the economic calendar. The calendar automatically updates itself in response to economic event, announcements, and world events that may impact the markets so you are always up-to-date on what’s happening around the world.
Other apps lure beginners in by claiming to be the best option and falsely promising instant profits. We cannot and do not guarantee any such results or any results at all. We take the view that good traders spend real time honing their skills before they starting pulling in profits.
The FX market is not a game. It’s hard work and we think that a trader has to learn the charts, master strategies, make emotion-free decisions, use believable and trusted source of information, and finally, choose the right forex trading platform for them.
The most important thing to remember is that it is it’s not enough to just take some classes and then start trading. Your career as a trader should be one of constant growth.
We wish you great luck and much success!
DISCLAIMER
Trading foreign currencies, CFDs, and other instruments with leverage carries a significant level of risk and may not be appropriate for everyone. We suggest that you carefully consider whether your personality and personal circumstances are appropriate to begin trading. You may lose money in excess of what you have invested. Information provided by Intamac Technologies Limited in our app, on our website, advertisements, or elsewhere is general in nature and solely intended for information or entertainment purposes. We suggest that you seek independent financial advice and be certain that you understand the risks involved before starting to trade. Trading through an online carries additional risk.
