If you ever wonder how many people make profit when market is going down or up
here are few tips on how to get started for Beginners
(this is based on my knowledge and how I do it )
1. You need to choose a Broker I do use IC market as broker
2. You need MetaTrader 4 or 5 app
Once you have done the KCY on Ic market it gives you the account info which u will use on Metatrader
3, Use Trading View to see the Real time Charts if the coin you are trading
4. See what time do news Starts as most of them have high impact I do use
https://www.forexfactory.com/calendar and those that has
red color have a lot of impact
Never pay for telegram groups that sells Signals all of them are Scam, if he know how the market will go he would trade for himself and would not have time to manage the group or ask for payments !Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose.
Before you start to put real money into trading
START with DEMO account and learn a lot before starting with real money Learn how to use SL (stop loos) Important
Learn how to set TP (Take profit) Important
Learn how to manage your balance
Learn how LOT works
There are many people who made money from trading and there are a lot who lost money too by being greedy or lack of knowledge
Hope this thread helps someone
Cheers from MarangoZ
If you ever wonder how many people make profit when market is going down or up
here are few tips on how to get started for Beginners
(this is based on my knowledge and how I do it )
1. You need to choose a Broker I do use IC market as broker
2. You need MetaTrader 4 or 5 app
Once you have done the KCY on Ic market it gives you the account info which u will use on Metatrader
3, Use Trading View to see the Real time Charts if the coin you are trading
4. See what time do news Starts as most of them have high impact I do use
https://www.forexfactory.com/calendar and those that has
red color have a lot of impact
Never pay for telegram groups that sells Signals all of them are Scam, if he know how the market will go he would trade for himself and would not have time to manage the group or ask for payments !Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose.
Before you start to put real money into trading
START with DEMO account and learn a lot before starting with real money Learn how to use SL (stop loos) Important
Learn how to set TP (Take profit) Important
Learn how to manage your balance
Learn how LOT works
There are many people who made money from trading and there are a lot who lost money too by being greedy or lack of knowledge
Hope this thread helps someone
Cheers from MarangoZ
Been using up ICMarkets for a while now on which at the time that ive been doing forex trading then this is the broker that I've been using on which at the time that i do made out some demo and back testing then this is the platform that i've been using every since, and there might be some switch up into other brokers like XM and Roboforex on which these places arent that bad an option either. For me when you are just that trying out to start up as a trader then you should be that starting with trying to finish up the couse with Babypips.com on which this would be the most recommended thing because it does give out that familiarity about with the basics of the basics on which this would be that opening your eyes on how candle works and patterns on which this is generally speaking or talks about technical aspects but somewhat this would be that needing up that a bit more on which you can only be able to obtain or get when you are dealing up with real engagement or traders but as a complete noob and having no idea totally then this would be the best spot on starting up. It doesnt matter if you are that touching up crypto space because it is just that on the same concept.
On the moment that you do have the familiarity then the rest of learning could be acquired with real trading on which of course you would be needing up to consider on taking up or using up with small amounts when it comes to trading capital. Trying out to apply on what you have learned on theory on which you would be able to find yourself on what are the adjustments that you would be needing up to do. Always consider out to learn up with those errors and mistakes that you do able to learn along the way because at the moment that you do able to sustain yourself into this market and been able to adjust accordingly then trading could be able to changed up your life on which of course it wont be simple but there's always that chance or having the odds as long you do make yourself that sustainable then this what matter the most. You are the ones will be able to find out whether which one works for you or not.