is known as a mini account and requires you to trade with a minimum of, say, 250, offering a high amount of leverage (which you need in order to make money with this size of initial capital). The only key difference between technical analysis in forex and technical analysis in equities is the timeframe, as forex markets are open 24 hours a day.
Poster en forex
So, weve given you the steps you need to accomplish in becoming a forex trader, but you might want a little more information before jumping. The broker you go with should have mobile accessibility, a low deposit, a user-friendly platform, and a demo account to let you get used. Start placing orders through your broker based on your research findings, then watch your account to monitor your profits and losses. Not unless you really know what you're doing. If your currency pair goes against you, and you don't have enough money to cover the duration, you will automatically be canceled out of your order. However, you can get free demo accounts to practice and learn platforms. 4 2 Request information about opening an account.
This article will show you those differences and help you get started in forex trading. You dont want to get scammed and not be able to access your money or, worse, get in trouble legally. Question Is it safe to start trading without knowledge? One way to learn to trade forex is to open up a demo account and try it out.