Complete Tutorial for Beginners2 min read
While Forex trading may seem complex at first glance, more and more retail investors are getting into it. Open 24 hours a day, Forex is nothing other than the foreign exchange market where currencies are exchanged – and it offers many trading opportunities .Not sure where to start or how to trade Forex ? No worries. We have created a guide for you to learn forex trading and what the forex market is, its pros and cons, and the best ways and tips to trade Forex well.
How To Trade Forex?
Forex trading is done in just 4 steps if you choose to go through a broker. Here’s how to trade forex.Choosing a forex platform: we recommend eToroCreate a forex trading accountFunding your euro trading accountSelect a currency pair to open your first forex position67% of You should ask yourself if you can afford to take the high risk of losing your money.FeaturesLeapsCFDsCopyPortfolioETFsFundsCryptoRobo-AdvisorSavings PlanInventory
Forex Trading: Complete Tutorial
Forex Trading: Complete Tutorial for BeginnersIf you’re wondering how to start trading forex, look no further. Below we explain step by step how to trade forex.Step 1: Choose a Reliable Forex Trading Platform
The first thing you will need to do to trade the forex markets is to find a reliable and well-regulated forex broker . There are a number of trading platforms to choose from, but we are listing some of the best forex trading platform 2022 below .Created in 2007, the eToro broker is very popular around the world thanks to its social trading and copy-trading options that are very popular with beginners or investors who want to automate their forex trading.It is regulated by several reputable financial authorities and offers a large number of financial instruments and products (stocks, forex, commodities…), which makes it perhaps the best forex trading platform for someone starting an education..trading.eToro is also among the fastest and most user-friendly online trading platforms. Available on smartphone, you can take control of your trades wherever you go.
FOREX TRADING PLATFORM
Developed by the company, it is available directly on the internet. The interface is intuitive and placing trades is easy.
For traders whose strategy is based on technical analysis, it is possible to use eToro Procharts for free since 2017 which offers many advanced forex trading tools.Spreads starting at 1 pip for AUDUSD
3 pips for EURUSD, 4 pips for GBPUSD and 4 pips for NZDCAD
Higher spreads for another less popular currency pair like USDTRY (50 p