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Forex Trading What is the first step in trading?
avatar Sophie
Question by: Sophie - 04 Aug 2012, 06:02:34
What is the first step in trading?
<a href="https://www.instaforex.com/?x=YOUR_PARTNER_LINK">InstaForex</a>
<a href="https://www.instaforex.com/?x=YOUR_PARTNER_LINK">InstaForex</a>
<a href="https://www.instaforex.com/?x=YOUR_PARTNER_LINK">InstaForex</a>
Answers (2)
avatar user 395
Answer by: Annaliese - 08 Aug 2012, 03:08:48

 

The first step in trading is acquainting yourself first with the industry. It is not necessary to take formal courses about forex trading but if you have time and the means, it will be really beneficial. You should know some concepts such as leverge, hedging, open and close positions, etc. for you to be able to master the strategies of trading.
 
If you are already familiar, you can now look for a good broker or a good online site where you can do your transactions.

avatar user 1239
Answer by: appledots - 12 Oct 2013, 02:35:47

Knowing about the risk in forex after that learning by doing..

&lt;a href="https://www.instaforex.com/?x=YOUR_PARTNER_LINK"&gt;InstaForex&lt;/a&gt;
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