Forex trading is not as difficult as it seems. Here, we tried to give a brief idea what Forex is and explained the most important concepts that every beginner should know. Forex is the largest financial market in the world where trillions of dollars’ worth of currencies change hands on a daily basis.

• Before you open a real trading account, make sure to familiarize yourself with the market by practicing on a demo account first and learning the basic market terminology.
• Try to focus on the most volatile part of the day for now, which is the New York-London session overlap, and always use Stop Loss orders to prevent excessive losses and blowing your account.
• Finally, build a written trading plan, which includes your trading strategy, risk, and trade management guidelines, which you can always refer to when you have difficulties analyzing the market.

Enhance your trading skill:

Open your demo account instantly and start practicing.

Stay up to date with Major news and economic releases by viewing our Insights and research. And our knowledge section will help you enhance your trading skill.

We also recommend viewing our Basic rules traders should obey and Major Traits of Successful Traders guide to discover the secrets of successful forex traders.

Happy Trading!!!