Like we all know Forex is the biggest financial market in the world it has a volume of average 5 trillion Daily. Just just like in all other businesses if we want to survive in the forex market we need to get the education and when we talk about forex it feels like a big opportunity to make money. But the reality is you will lose all of your money if you don’t learn basic methodologies, strategies and trading psychology. Due to the evolution of technology, it has become very easy for traders to trade at the ease of their homes. So in this article, we are going to discuss all the important points that you must be learning in order to become a successful foreign exchange trader. Please visit https://volatilemeaning.com/
GET THE BASIC EDUCATION FIRST
Forex trading is all about currency exchange i.e buying low and selling high. There are a lot of terminologies that are used in forex market like what is quote currency what is base currency what is spread what is leverage what is margin what is equity how we can place orders types of orders etc so as beginner trader we must have knowledge about those things there are a lot of books available in the market and also you can use online platform like Google youTube facebook twitter etc to get basic education once you get familiar to the basics then you will be able to understand the advance phases of the market.
LEARN THE MARKETS
Next phase is all about learning when and how markets move and which factors drive the market and why market structure is important. Once you get to learn technical and fundamental analysis you will have the answers to all the questions technical and fundamental analysis is like brain and heart in human body technical analysis is about understanding the market structure that includes price action, chart patterns supply, and demand zones based on PA, etc.
OPEN A DEMO ACCOUNT
Once you learn the basic structure of the market the next step you need to do is to open a demo account on any online trading platform and start practicing all the knowledge that you got. Start playing with different currency pairs open buy and sell orders and check how they behave. Demo trading is like a net practice before start of cricket match that will prepare you for real trading. Also check out volatile meaning