The Fast Way to Learn Forex for Beginners from Zero to Hero

 

How to quickly learn Forex for beginners

Broadly speaking, forex trading is a way to benefit from buying and selling currencies that are done online. By depositing a number of funds to a forex company (forex broker) you can trade currencies using the metatrader (MT4) application. In this forex trading you can use two analyzes to determine the direction of currency price movements, namely to analyze technically and fundamentally. Well, in this article there are 19 important points that will be divided into two subject matter namely the basic theory of forex trading followed by trading practice. Keep in mind, you don't need to spend funds to do this forex trading simulation. No capital, no money, all free!
How to quickly learn Forex for beginners
The easiest way to learn Forex

BASIC THEORY OF FOREX TRADING BASICS.

1. Definition of forex, forex traders and Forex trading.
Forex is the exchange of one currency with another. In Indonesian forex is also referred to as Foreign Exchange (Forex). In English forex itself is an abbreviation of two words, namely foreign and exchange.
Forex traders are people who trade in the forex market (forex players).
Forex trading is a sale or purchase transaction carried out on the forex market.

2. Requirements to become a forex trader.
To become a forex trader there are several requirements including capital (in the form of funds), laptop / smartphone, official identity such as ID card, e-mail, cellphone number and bank savings account. Following are the detailed requirements:
Fund.
Funds needed in the form of capital amount of money. Only with Rp. 100,000 you can open a forex account at the international forex trading company. But I suggest to start trading with a minimum capital of 1 million rupiah. Why ? It's like you bring a car carrying 100 thousand and 1 million. You can still go drive by carrying only 100 thousand, but imagine if in the middle of the road your car goes on strike ??? enough money for repairs to the workshop ??? bring more money just in case, safety first bro!
Laptop / smartphone + internet connection.
Is a tool used to trade and must have internet access. As a beginner, I suggest you start using a laptop because it has more features than a smartphone (Android, Iphone, etc.).
Identity.
Prepare identification cards such as KTP, SIM, Family Card or other state identity. This is used to register with the forex broker (the company where you trade later).
E-mail and mobile number (not home phone).
Used for registration and verification on forex brokers when you register to become a real forex trader.
Saving account.
Used for depositing and withdrawing funds to the broker. The savings account identity here must have the same name as the KTP. You can use BCA, Mandiri, BNI, BRI or online bank accounts like Paypal, Fasapay, Neteller and so on according to the applicable regulations in the company where you register.


3. The advantages of forex trading.
There are no profit limits in forex trading, the more profit you make in the transaction the greater the profit you get. You can reap the maximum possible profits either by buying or selling money on the forex market.

4. The advantages of forex trading.
Forex trading has advantages that can be considered in developing funds for you. Some of the common advantages of forex trading include:
Cheap.
Even if only with a little capital you can make a substantial profit. This is because in forex trading there is "LEVERAGE" which allows you to make large transactions with small capital, usually reaching 1: 100 of the capital that we have and there are even brokers offering up to 1: 3000.
Rousing.
The velocity of money that occurs in the forex market is the largest velocity of money in the world, reaching 4 trillion US dollars.
Easy.
Only by understanding the basic concepts of trading can you become a forex trader and generate profits as large as your own techniques and analysis. You don't need to be afraid because you don't understand mathematics, you also don't need to be afraid because you don't understand the economy or even you don't understand technology. Take it easy, forex trading is very easy to do even for people who are clueless, you also don't have to understand economics and mathematics in learning it. Why ??? because if it matters, it costs everyone's money to the master, right ^ _ ^.