There is probably not a single user who has not heard about Forex. This foreign exchange market is one of the most liquid in the world. This is where you can get a high return on your investment. However, it should be remembered that the Forex market can not only make money. There is a high probability of a partial or complete loss of your deposit. All trading operations occurring in the foreign exchange market have increased risks. Therefore, many users do not dare to go all-in and prefer to start their work on Forex from scratch.
What is a Forex Zero?
A lot of people would like to learn how to play Forex from scratch. In fact, if the user really decided to seriously earn real money on Forex, he must open a real account and replenish it with his own investments. "Zero" is a relative concept in the foreign exchange market, and without investments it is impossible to earn anything. Yes, this is understandable. Any person who gets a job, first goes through some training, then practice, and only after that begins to earn money. So in the foreign exchange market: before you start working, you need to undergo training. And since the foreign exchange market is associated with investments, after the training, you will need to replenish your real account, and only then you can earn money. And in order to earn them, you first need to learn how to play Forex.
Start of training, or demo account
Almost all brokers offer beginners to open a free demo account. This is such a specialized training account, with which you can get acquainted with the foreign exchange market, the trading platform and the working conditions on it. No investment will be required from the beginning trader, on the contrary, he will be credited with virtual money in this account with which he will be able to undergo his training. The broker provides any novice trader with all the opportunities to try their hand at the real currency market, but at the same time, the risks are absolutely excluded. On a training account, a novice trader can learn how to play Forex from scratch, without their own investments.
A training account is also used by traders with experience in trading on the market. It is on it that you can test any new trading strategies, technical indicators. Almost all beginners before the start of real trading use a demo, since it is on it that you can try your hand absolutely free.
Different types of bonus programs
There is great competition among brokers in the foreign exchange market, so they are constantly improving the terms of trade for traders. Brokers offer various bonus promotions and programs. One of these programs is a no deposit bonus. With this bonus, a novice trader will be able to learn how to play Forex from scratch, without their own investments. Under the terms of the program, a newcomer who has just registered on the broker's website can take advantage of a no deposit bonus.
However, you need to carefully read the terms of this promotion. For everyone, a certain amount (depending on the promotion) of bonus points is provided, which must be won back. After the trader plays the right amount of points, he will be able to withdraw real profit to his account. Thus, you can not only learn how to play in the Forex market, but also get real profit. Many newcomers use this type of bonus.
The basis of successful trading is the choice of a broker
One of the factors for a successful exchange game is the choice of a reliable broker. Only with an honest broker can you earn anything. You need to be responsible for your choice. Before you play the Forex exchange via the Internet, you need to find out all the information about it. Be sure to read reviews about the selected broker, find out if he has any documents, and whether he is registered with regulatory authorities. It is advisable to familiarize yourself with the rating of the broker.
Services provided by brokers
Each reputable broker on its website offers beginners to take a free training course. It is on such a course that you can find out information on how to play Forex from scratch and without investing your own funds. Since brokers offer online trading, it is from this course that you can learn how to play on the Forex exchange via the Internet. On the broker's website you can familiarize yourself with various trading methods, technical indicators, use analytics from leading experts, choose the right trading strategy for yourself and test it on a training account.
Real game in the forex market
After a novice trader learns the basics of the Forex market (how to play on the stock exchange, manage your investments, limit risks), and also select a trading strategy for yourself and test it on a training account, you can go to the real market. It is best to start trading on a cent account. It is he who gives more advantages and opportunities for traders. For example, on any standard account, investments of $ 100 may have more risks than the same deposit of $ 100, but on a cent. This is due to the fact that on a cent account such investments look like 10,000 cents, which means that traders have more options in various trading situations.
In conclusion, I want to say: it is possible to play and win in the Forex currency market, however, you must follow all safety measures: managing your capital, sharing risks, applying analytical forecasts, using a working trading technique. It is necessary to test and develop a trading strategy that a trader intends to use.