How to start trading forex?
To start trading on Forex and other financial markets is very simple. To do this, take a few simple steps.
Step 1. Registration in your account
To get started, you must register in your account on the site . Registration is required for further correct work with accounts and trading operations. When registering, indicate your real correct data to get full access to your personal account and account management. You will be provided with a personal login and password, which must be remembered and recorded. Username and password will also be sent to the email address specified during registration.
Step 2. Opening an account
If you are a beginner and want to first try your hand at the Forex market, open a demo account. This will allow you to gain experience in making transactions necessary for successful trading in the financial market, without investing your own funds.
Learn more about what a demo account is here .
To carry out real trading operations, you must open a trading account.
At the same time, it is important to provide real complete data for the correct operation and protection of confidential information.
When registering an account, you must enter the password of the trader and the password of the investor. The trader’s password is intended directly for transactions in the MetaTrader trading terminal. The investor’s password is required to enter the trading terminal in the viewing mode (without the possibility of trading) and withdraw funds to accounts in your personal account.
Be careful: remember or save the six digits of your account, the password of the trader and the password of the investor.
Step 3. Install a trading terminal
In order to gain access to trading opportunities, you need a special program – a trading terminal. We recommend one of the most reliable and convenient platforms – MetaTrader.
You can install a trading terminal at the following links:
For more information about installing the MetaTrader platform, see the “How to Install MetaTrader ( Windows )” section.
Step 4. Linking an account to MetaTrader
In order to start trading or gain initial skills in the financial markets, you need to link a trading account or demo account to the MetaTrader trading terminal.
Select “Existing Trading Account”.
Enter the account number and password of the trader.
After linking the account, you will automatically be taken to the trading terminal.
Step 5. Choosing a trading instrument
In the terminal, by default 4 trading instruments are available in the working window.
Each tool can be selected by clicking the left mouse button, as well as by switching tabs under the working area of the trading terminal.
The tool can be added to the workspace by selecting “File-> New Chart” in the main menu. Such an operation can also be performed by selecting the desired tool in the “Market Watch” window. Next, you need to click the right mouse button and select the “Chart Window” option in the menu that appears, or simply “drag” the tool with the left mouse button pressed from the “Market Watch” window to the work area.
Step 6. Trading
In order to make a deal in the trading terminal, in the toolbar under the main menu items, select “New Order” or press the F9 key on the keyboard.
In the window that appears, select the tool you are interested in and, depending on the chosen strategy, click “Sell” or “Buy” the selected tool.
The result of a completed trade transaction can be tracked in the “Trade” tab at the bottom of the trading terminal.
When working with a demo account, we recommend choosing small volumes of transactions. If the system tells you that there is not enough money on the demo account to complete a trade, select a smaller amount, for example 0.1 from the trading lot.
How to become a good trader
If you are new to trading, before starting work, we recommend that you undergo training in specialized courses. In the classes of the TeleTrade Trading Academy, you will receive basic knowledge about the Forex market, master the technique of making transactions in the trading terminal and learn how to independently predict exchange rates.
In the learning process, theory is combined with practice. All the knowledge gained by a novice trader is worked out by him on a demo account under the guidance of experienced teachers.
Learn more about existing courses and the training program here.
For a deep understanding of the trading process, we recommend that you familiarize yourself with the training materials.
Learn more about the available materials here.
Your success is at your fingertips! Choose a Forex dealer, sign up for training, start trading and make a profit! The main thing – do not be afraid to start!
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To conclude a framework agreement, the client is obliged to confirm that he is familiar with the following risks associated with the conclusion, execution and termination of obligations under the framework and individual agreements:
1. The risk of loss to an individual as a result of changes in foreign exchange rates (currency risk).
2. The risk of loss to an individual as a result of non-performance, untimely performance or incomplete performance by the Forex dealer and (or) the bank in which the Forex dealer account is opened, financial obligations to such an individual in accordance with the terms of the Agreement and Separate Agreements (credit risk )
|3. The risk of loss to an individual as a result of a violation of applicable law and (or) internal documents of a Forex dealer by employees of a Forex dealer, a malfunction (failure) of software and hardware of a Forex dealer and (or) individual, a mismatch of software and hardware of a forex dealer to the nature and volume of transactions it conducts, transactions by a third party on behalf of an individual as a result of receipt by such a person randomly or as a result of his||deliberate actions of unauthorized access to the possibility of making such transactions on behalf of an individual, carrying out operations by an individual that are not in accordance with his intentions, for reasons related to insufficient experience of working with this individual with software and hardware of a forex dealer and (or) making it random actions, as well as the result of external events (operational risk).|
Contracts or financial instruments proposed for conclusion are highly risky and may lead to the loss of the deposited funds in full. Before making transactions, you should familiarize yourself with the risks associated with them.
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