It is more important to learn the basics when entering the foreign exchange market. Forex trading is a complete learning process. Firm offer trading is the most effective learning method. Five steps for beginners:
1. Learn an effective trading system that has been tested in practice.
2. Practice using the trading methods you have learned on past historical charts.
3. Use the real-time data of the current market to conduct simulated trading, and further improve your skills and level in correctly using the trading system.
4. On the basis of greater confidence and profitability in the simulation operation, small-scale operations should be carried out with small funds, and the experience and lessons in the actual operation should be summed up in a timely manner, and continuous learning and improvement in practice.
5. Carry out actual trading in accordance with the thinking and working methods of professional investors.
In actual operation, many investors start directly from the fifth step at the beginning, which is like jumping into the sea before learning how to swim, so failure is expected. Market statistics show that more than 90% of American individual investors lose money in the foreign exchange market. This result is similar to the statistical results of the stock market. It proves once again that any market operation should be based on learning correct trading methods and investment concepts. . Compared with other financial trading markets, the foreign exchange market has many advantages.
