Forex Trading Step by Step

Forex Trading Step by Step

IFC Markets has a variety of educational resources to help you get started. Our educational resources are designed to be easy to understand and follow, and they are tailored to your individual needs and learning style.

1

Learn Everything about Forex

This includes understanding the basics of forex trading, such as how the market works, the different types of orders, and the different risks involved. You can learn about forex trading by reading books, articles, and blogs, or by taking online courses

2

Open Demo Account

3

Download Trading Platform

4

Learn Technical & Fundamental Analysis

Technical analysis is the study of historical price data to identify patterns that can be used to predict future price movements.

Fundamental analysis is the study of economic factors, such as interest rates, inflation, and unemployment, to identify factors that can affect the value of currencies.

5

Understand the different types of forex orders

There are different types of forex orders that can be used to buy and sell currencies.

• Limit orders - are executed when the price reaches a certain level.
• Stop orders - are executed when the price reaches a certain level and are used to protect profits or limit losses.
• Market orders - are executed immediately at the current market price.

6

Manage your risk effectively

Risk management is one of the most important aspects of forex trading. It is important to set realistic goals and to use stop-loss orders to protect your profits or limit your losses.

You should also only trade with money that you can afford to lose.

7

Develop your own trading strategy

Once you have learned about the different aspects of forex trading, you can develop your own trading strategy. Your trading strategy should include.

• Your goals
• Risk tolerance
• Trading style

It is important to test your trading strategy before you start trading with real money.

8

Start Trading and Earning with Real Account

Trading is a bumpy road, you aren't always going to earn money, but you have to stay patient and persistent.

Now you are ready and confident in your trading skills, you can start trading with a real account and real money.

9

Learn From Professionals

We suggest starting trading by learning from professional traders with our

This way you will be able to profit with less risk