I'm a beginner in forex trading. What should I do at first?

[Katie_90]

I'm a beginner in forex trading. What should I do at first?

[radex78]

The first step how to learn forex business is learn basic forex, there are popular and good resources to learn basic by reading school of pipsology from babypips.com, however you can learn from another resources like joined community fxopenforum. Then use demo account first, simply register demo account like demo ECN FXOpen, then instal terminal platform and practice to learn how to use trading platform, placed new order, set stop loss taking profit, how to attached new indiator etc. Don't rush to live account before ready to take the risk.
 

[Tom-93nf]

The most crucial step is to select a broker. I recommend you suggest AdroFx. This broker has a great deposit bonus forex and also a lot of useful info that helps you to grow up.

[sam_oi_2]

FIrst of all, if you don't know how to trade, do not invest a lot of money and try trading with signals on AdroFx 

[radex78]

Demo account remain useful for beginners, even for experienced traders demo account still gives benefit to backtesting, some traders likes to use automatic trading software to replace their hands making transaction in the forex market, however before uses in real trading account, if possible to test first using demo account.

[nanamage]

Based on trading experience at Freshforex, here are 6 steps to learn forex trading for beginners

•      Create a demo account.
•      Get to know the types of trading platforms.
•      Understand the right time to trade forex.
•      Get to know the mechanics of technical indicators.
•      Study fundamental indicators.
•      Understand the risks before trading.