Forex trading for beginners (2024)

', nextArrow: '

', arrows: true, autoplaySpeed: 8000, adaptiveHeight: true }); }); $(document).ready(function(){ $('.gc__header-slider').on('init',function (event,slick) { const dots = $( '.slick-dots li' ); console.log("test1"); dots.each((i,v) => { $(v).find( 'button' ).addClass( 'gc__header-label-'+ i ); }); const items = slick.$slides; console.log(items); items.each((i,v) => { const label = v.dataset.label; $('.gc__header-label-'+ i).text(label); }); }); $('.gc__header-slider').slick({ infinite: true, slidesToShow: 1, slidesToScroll: 1, autoplay: false, appendDots:'.gc__header-pagination', dots: true, autoplaySpeed: 15000, adaptiveHeight: true }); }); });

For Beginners

How to start trading

Ekaterina StikhinaDirector of InstaForex TV*

Open trading accountOpen demo account

Deposit moneyMoney withdrawal

All sections

About Forex trading

Training for beginners

Social trading

Profit from investment

Technical support

What is Forex?

Forex trading for beginners (1)

Forex is an international online currency market where national and regional currencies such as USD, EUR, GBP, JPY, and other are traded. Day by day, exchange rates of various currencies fluctuate on Forex depending on numerous factors. For example, the exchange rate of the EUR/USD pair can be at 1.2345 at a certain moment, but after some time it may slide to 1.2250.


Forex market participants place trade orders at one price (deal opening) and conduct opposite exchange operations at another price (deal closing). This way, they aim to derive profit from the rate differences. Even a slight change in prices can bring a sizable profit commensurate with stock trading.

How to start trading on Forex?

2

Trading on a live account

3

Professional trading

Forex trading for beginners (2)

Forex trading for beginners (3)

Forex trading for beginners (4)

Demo account

Open a demo account and trade in real conditions without fear and risks. If you do not want to study theory and read books, then you can accumulate knowledge, experience, and skills in the course of trading on a demo account.

Forex trading for beginners (5)

Real account

No matter how many advantages a demo account has, trading on it does not bring you real money. If you are confident in your trading skills and understand how the market functions, it`s time for you to start trading with real funds. Using minimum deposits in your first transactions, you can control risk in real trading.

Forex trading for beginners (6)

Professional trading

If you have learned to trade and earn a stable income on the difference in rates, the next step in your evolution is professional trading using strategies, advisors, and indicators. You can manage other traders' deposits within the PAMM system or allow others to subscribe to your trading account for copying deals within the ForexCopy service.

'; } return ret; }, }, breakpoints: { 480: { slidesPerView: 2, //centeredSlides: true, loop: false, }, 1024: { slidesPerView: 3, loop: false, }, 1700: { slidesPerView: 5, loop: false, } }, on: { click: function(slider, event) { const index = $(slider.clickedSlide).attr('slide'); slider.slideToLoop(index, 1000); $('.swiper-navigation div[slide]').removeClass('swiper-slide-active'); $('.swiper-navigation div[slide=' + index + ']').addClass('swiper-slide-active'); $('.webinars_step').css('display', 'none'); $('#step_slide_' + index).css('display', 'flex'); }, slideChange: (slider) => { const index = slider.realIndex; //activate slide $('.webinars_step').css('display', 'none'); $('#step_slide_' + index).css('display', 'flex'); }, } }); swiper.slideTo(0,0); const layers = new Swiper('.webinars_layers', { loop: false, slidesPerView: 1, spaceBetween: 10, initialSlide: 1,//set to 1 and after init set to 1 for triggering event slideChange watchOverflow:true, navigation: { nextEl: '.pages-container .navigation-to-right', prevEl: '.pages-container .navigation-to-left', }, pagination: { el: '.layers-pagination', clickable: true, type:'custom', renderCustom: function(swiper, current, total) { const pageWidth = 100 / total; let ret = ''; for(let i = 0; i < total; ++i ){ ret += '

'; } return ret; }, }, on: { slideChange: (slider) => { const index = slider.realIndex; } }, breakpoints: { 480: { slidesPerView: 1, }, 600: { slidesPerView: 2, }, 1700: { slidesPerView: 4, centerInsufficientSlides:true, loop: false, } }, }); layers.slideTo(0,0); })();

How to start trading on Forex?

Forex trading for beginners (7)

"No!" and "Not rapid" - these are the two only possible answers to both questions. Of course, there were cases when beginners scooped a large profit following the first deals. But these are isolated cases and there is no point in hoping for a similar success. Foreign exchange trading is fascinating, lively, and even hazardous way of making money! In order to provide yourself with a stable income that can improve the quality of your life, you will have to be patient and work hard. Patience can ensure that you gain the required experience, while hard work can help you acquire knowledge and test dozens of strategies and trading methods. However, Forex is not alchemy but a completely independent mathematically behavioral model that is governed by its own rules, which guarantees the result to every patient and industrious trader. Any work must have its reward and the work of a trader as well.

Can I trade on Forex without risk and investment?

Forex trading for beginners (8)

Yes,you can, but only using a DEMO account. Indeed, any participation in a particular financial market involves investment and risk. However, in the foreign exchange market, the amount of investment, the level of risk, and the moment of its occurrence depend only on you. You are able to trade just with one dollar or a few cents.

What are the types of accounts and how do they differ?

1

Insta.Standard

2

Insta.Eurica

3

Cent.Standard and Cent.Eurica

Forex trading for beginners (9)

Forex trading for beginners (10)

Forex trading for beginners (11)

Insta.Standard is the most popular account offering standard trading conditions without fees but with a fixed spread per deal. Here, it is possible to start trading with any deposit size and change the level of leverage when necessary.

Forex trading for beginners (12)

Insta.Eurica implies trading without spreads, due to which the BID price is always equal to the ASK price. This account is suitable for beginning traders. All pending orders are executed exactly when the price reaches these values.

Forex trading for beginners (13)

Cent.Standard and Cent.Eurica are suitable for beginners who are just learning to trade. Thanks to Micro Forex, the trade size of 0.0001 in this account type enables traders to reduce their risks to a deposit. The Cent accounts are also suitable for testing strategies.

Training

What is the forex trading software?

At present, the most popular software is the MetaTrader4 and MetaTrader5 platforms. Most traders around the world use these platforms as the main technical instrument for trading in the foreign exchange market. In addition, most forex trading strategies, advisors, indicators, and signals are created precisely for MT4 and MT5.

Forex trading for beginners (14)

Educational application for your mobile

With a mobile app, you can learn how to trade on Forex in an easy and convenient way. The Forex training application is the best tool to get an insight into the foreign exchange market and move to trading practice as quickly as possible.

Rating

4.6Forex trading for beginners (15)

Number of installations

500 000+

Social trading

Forex trading for beginners (16)

Social trading combines communicative platforms and speculative currency trading which implies publicity and full access to information about trading operations. As in social media, there are popular forex traders who are monitored for their activities and whose strategies are copied by less successful members of the forex community. However, all of them share the common objective - profit-making and its growth.

The most popular product for social trading is ForexCopy by InstaForex. InstaForex has created a forex trading service for beginners combining a practical Forex training course and social media that allows participants not only to learn and communicate, but also to earn good money.

InstaForex ForexCopy is a service for copying transactions of successful traders in real time. Every user of the service has access to trading information from successful and experienced traders who share their knowledge and skills, thus allowing all participants to earn money.

ForexCopy FollowerCopying of dealsForexCopy Traders

Deposit

Forex trading

Commission

(can also be paid by the company)

I want to make a profit from investment

In addition to trading, there is an easier way to derive profit on Forex - investing. You can invest your money in an asset or trust another trader to manage your assets. This way, you can provide yourself with passive income.

However, investment in financial markets implies certain risks: irregular income, an error in choosing an investment object or manager. But all these risks can be minimized or avoided.

Assets?Profit?Stability?

PAMM accounts

The least risky way to invest in the forex market is the PAMM system developed by InstaForex. Within this system, an investor can choose a particular trader, invest in his/her trading, and then receive a part of his/her profit. The list of managing traders is completely transparent and is presented on the PAMM monitoring page. Due to the possibility to make small investments, an investor can try working with several managing traders in a short period of time and select the most effective PAMM account.

PAMM investorPAMM accounts system by InstaForexTrader's PAMM account

Profit from investment

Select an account type to invest

Investor's deposit

Commission

Forex trading for beginners (17)

Request a call back

For your convenience, we also offer you to fill in the form and indicate the convenient time so that our manager could contact you and answer all your questions. This service is free of charge.

Forex trading for beginners (2024)
Top Articles
Latest Posts
Article information

Author: Tuan Roob DDS

Last Updated:

Views: 5709

Rating: 4.1 / 5 (42 voted)

Reviews: 81% of readers found this page helpful

Author information

Name: Tuan Roob DDS

Birthday: 1999-11-20

Address: Suite 592 642 Pfannerstill Island, South Keila, LA 74970-3076

Phone: +9617721773649

Job: Marketing Producer

Hobby: Skydiving, Flag Football, Knitting, Running, Lego building, Hunting, Juggling

Introduction: My name is Tuan Roob DDS, I am a friendly, good, energetic, faithful, fantastic, gentle, enchanting person who loves writing and wants to share my knowledge and understanding with you.