The amount of profit that can be obtained in a short time in trading either forex trading, index, stock or commodities, is often used as an excuse for us all to plunge into the world of trading. But keep in mind, if you do not do a proper preparation before starting trading like we go into the wilderness without provisions and compass as a pointer. Meanwhile, you may hire a reliable ic markets forex broker to help you in your early trades.
Then how to start forex trading is good and right?
Here are tips on learning forex on how to start trading forex:
Before entering the market you better equip yourself with trading knowledge, including learning to recognize the trend of market movements that are happening
Do not take trading decisions based on the estimates of instincts and luck factors alone.
Always conduct objective market and trend analysis, based on the technical and fundamental analysis.
Strengthen some indicators for technical analysis. Watch for news that affects market movements as part of fundamental analysis.
Think first before entering the market.
Confront the fact that market movement is unpredictable. Understand the risks that can occur when it enters the market.
Do not emotion in trading, always think with logic, not with your adrenaline.
Discipline in managing risk constraints by determining your stop loss and your target profit. Never keep a stop loss determined because it will cause your capital to run out.
Create a trading strategy where every step you take is a profit, albeit small.
Always have advance planning before entering the market. Thus the price and market movement will be more predictable.
Believe in your broker who helps to trade, so you will feel calmer in investing.
Consult your trading strategy with a broker who must also have a trading strategy as well. This will help you better understand the market.
Realize the investment capital you have, the small capital, of course, will not be able to withstand price movements that continue to rise for example.
Large investment capital must also be vigilant, so as not to get caught in the game of speculators.