Tips and tricks for Forex Training Beginners

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Tips And Tricks For Forex Trading Beginners

This article is all about training tips and tricks for forex trading 
beginners it will help to prepare for tips and tricks for forex 
training beginners training 
What is Forex:-
The foreign exchange market is called forex or fx, currency is bought 
and sold in the international forex market. Forex is the largest 
financial market in the world, where there is aturn over of 
$6.6 trillion dollars every day, in currency transactions which 
is 160 (+) times more than the new york stock exchange.forex 
trading is pretty risky. Later, if the price goes up, you sell it,
this is your profit. But if the price goes down, you will lose.
Who can trade forex: -
Traditional forex trading is done by central bank, commercial 
bank and capital fund, with the proliferation of the internet, 
forex has been opened for students all over the world, house wife 
or retired person. In fact, a person need 1 computer,and start 
from capital $5 to start forex trading,and an internet connection. 
Currency is usually traded from ordinary traders through broker house ,
i will give ideas on brokers later.
When and where forex is traded:-
Forex trading is opened for 24 hours and 5 and a half days a week. 
Like the stock market, the forex market has no physical location, 
it is managed through the electronic network of banksand brokers. 
Some currencies are exchanged in the forex market.
The symbol of forex currency is three letters. 
Example:- usd means us dollar.EUR means euro. 
Some more examples. American dollar (USD) = Greenback British pound 
(GBP) = Cable or Sterling Swiss franc (CHF) = Swissy Canadian dollar (CAD)
 = Loonie Australian dollar(AUD) = Aussie New Zealand dollar (NZD) = Kiwi 
Forex always uses two pairs of currencies. Popular currency pairs are 
(EUR / USD, USD / JPY, GBP / USD, USD / CHF) These are called majors 
currency and are commodity pairs (USD / CAD, AUD / USD, NZD / USD). 
Other combinations (for example EUR / GBP orAUD / JPY) are called 
currency cross. Many forex brokers offer foreign currency, such as:
 HKD, TRY, and ZAR.

How the Forex market works:-

How the Forex market works
Forex is managed according to the figure above.
We (Individual traders)trade through brokers, although brokers are public 
entities but each brokers has some bank (granter) regulatory, so brokers 
can't do anything outside the rules of central banks.
The Forex market is dominated by four major trading sessions:- 
1. Sydney Session,
2.  Tokyo session,
3.  London session
4.  New York session
However the forex market has three top trading sessions.
What is Currencies Pairs?:-

The currency pairs of two countries currency are called currency pairs 
like US currency symbol USD and eu currency symbol EUR it's forex market 
symbol is:- EUR/USD

What is Base and quote currency?

When we place a buy trade in the Forex market We buy Base currency,
In the same way when we place a sell trade in the Forex market We sell 
Quote currency .As like EUR / USD quoted at 1.18248 means that 1 EURO 
can be sold at 1.18249 dollars= 0.00001 pips is Differences 
( This differences is called spread )

What is Pips ?
Pips means percentage in point. The pips is the smallest change in a pair 
of currencies.Suppose the value of EUR / USD changes from 1.18248 to 1.18249
= (0.1 spread). Then it is said that it has increased by 1 pips. Then 1 numbers
are seen. USD / JPY rate increased from 111.393 to 111.395. That means 2 pips 
increased = (0.2 spread).(If have any questions,please let us know.)
What is SWAP and leverage ?:
General interest is commonly called swap. Brokerages that provide extra money 
to trade with small forex traders are called leverage. Some brokerages offer
leverage of $ 1 = $ 2,000.In the past, only the rich or the banks had the 
opportunity to trade in the Forex market.But now with the change of time, 
due to the emergence and increasing competition of various forex brokers, 
anyone can trade in the forex market from any countrys in the world.It is 
possible to start forex trading with only 1 dollar some brokerages offer leverage
of $ 1 = $ 2,000.In addition, almost all brokers will allow you to trade for 
free demos, that is, with virtual money. So first you can prepare yourself by 
trading demos for free, after learning you can start real trade by depositing 
success by trading demos.The scope of the Forex market is very large and it is 
not possible to manipulatethis market,the largest stock market in the world is 
the New York Stock Market and the size of the Forex market is 35 times larger 
than that.Remember, the value of the dollar or the euro is not determined by 
the government of any country. The value of the currencies of different 
countries varies according to theeconomic situation and financial events of 
different countries. Dollars or euros will be bought and sold in all countries 
of the world at the same price at which you buy dollars or euros.(There is a 
large leverage or loan facility available for trading in the Forex market), 
and so you can make a good profit with very little market movement.Scalping is
a very popular term in Forex. This means open trade for a very short time. It 
is possible to make a good profit with very little change in the forex market. 
Many people open a trade for 10 or 15 seconds and exit the trade with a profit.
Forex Market is open 24 hours a day, 5 days a week from Monday to Friday. 
And so, whether you are a trader or an employee, you can trade at your 
convenience in the Forex market.You can do forex trading at home, there is 
no need to go out. And so you can give a lot of time to the family.In order 
to trade in the Forex market, you have to do everything online and it is very
easy to deposit or withdraw from the account starting from the account opening.
If you can trade well, many will be encouraged to deposit with you and in that 
case you can manage their trade and you will get a part of their profit. 
Above all, a successful and efficient Forex trader can earn a lot from this market. 
It is worth mentioning that in order to be a skilled and successful trader, 
you need to study a lot about the Forex market, to qualify yourself for this 
market.Anyone can make a lot of money from the forex market without knowing 
anything.Remember, the forex market is as challenging as the stock market. 
Unknowingly you may be able to succeed initially which is also the case with many 
in the stock market.But in order to survive in the long run, there is no 
alternative but to become an expert.In other words, there is no such thing as a 
recession in the forex market. Because in the stock market you can only buy, 
in the forex market you can buy or sell both.However, you should not touch it 
at all without learning it.25/7/2021\

How to open an forex account ?

Before opening a forex account, I will briefing some good brokers:
1 / Hot Forex 
2 / FXCM 
3 / XM Group .
The hot forex is  the very good in my view. I have traded there for 
11 years so far. It is very easy to deposit or withdraw money, 
it is very easy for them to trade here and there are very low  spread  ,
in a word they are the best brokers in Asia .
If anyone wants to set up an account here, you can easily open  your account 
by clicking on the banner below 

What you need to open a Forex account:
For most Forex brokers, you need to provide the following information when
opening an account: First Name (First part of your name) Last Name (Last name) 
Address (Address) Email Address (Your Email ID) These are You have already 
filled in when registering on different sites, so you are familiar with these. 
However, you may not be familiar with the following things that you have to 
select at the time of account opening. Swap is interest. If you select the swap 
option, you will earn interest on the trade you open, based on the interest 
rates of the central banks of different countries, or you will have to pay 
interest. Interest is forbidden for Muslims, so it is better not to take swap. 
If you do not want to take interest, select Swap No. Leverage (Loan) In 
Bangladesh, where banks give loans in the ratio of 1: 2 in the stock market, 
in Forex you can get loans up to 1: 500 from Forex brokers. Some forex brokers 
even offer loans of 1:1000 and 1.2000, meaning loans up to 1000 times and up 
to 2000 times the capital. The higher the leverage, the bigger the trade you 
can open. And so, in Forex you can double the money in 5 minutes by using extra 
(high) leverage. But don't forget to do this greed, always use a little leverage 
in the trade. Remember, your balance will double if the amount of market movement 
is in your favor, your balance will be zero if the same amount of market movement 
is yours. The highest 1: 50 leverage is enough for forex trading. Account 
Currency - It is better to select USD or Dollar. Account Type Forex brokers 
offer different types of accounts based on your deposit. Each forex broker's 
offer is unique. You can select Micro if your deposit is less than Dollars 1000, 
Mini if it is - 1000 - এবং 10,000 and Standard if it is Dollars 10,000 or more. 
Many Forex brokers do not allow them to deposit / withdraw dollars without 
verify the account with them or impose various restrictions. In doing so they 
are forced to comply with the money laundering policies of their regulators. 
In that case you need to upload a scan of the following two types of documents 
from your account - a scan copy of your passport / driving license / national ID 
card for your photo verification. Scan copy of electricity / gas / water bill or 
internet / Telephone bill or bank statement for your address verification. It is 
an international rule. However, the regulations of all different countries are 
different. And so some forex brokers do not ask for verification. Brokers who 
require account verification, it is better to verify the account with the forex 
broker first and then make a deposit.If you have any questions,

If you have any questions, please let me know.

We will trade with the help of MetaTrader 4
MetaTrader 4, also known as MT4, is an electronic trading platform widely used 
by online retail foreign exchange speculative traders. It was developed by 
MetaQuotes Software and released in 2005. The software is licensed to foreign 

exchange brokers who provide the software to their clients.

When you install the software, it will look like an image:- Metatrader 4

Before starting a trade, you need to keep a good idea on the issues.
Here are some tips to help you succeed
Things to note at the beginning
1. Whether I can do this business,
2. How mature I am,
3. Do I have a good guideline,
4. How much he is guiding me about Forex I need to know the idea.
5. If I fail, he will not be able to teach me misconception.
One more thing, I will invest in mine Money, so if I trade and lose 
on someone's advice, He will not be harmed. Profit and loss will be mine.
Let's talk about the next one,
6. Once, HotForex, again - Etoro, then InstaForex, etc. After waking up, 
then hand on head. These cannot be done.
7. I will work with any brokerage.
8. You need to follow the signal to be fully successful in the demo.
9. Free dollar trade in demo, so trade by looking at Kendall? Then I can say 
that even if you invest $ 5000 riyals money, you will lose.
10. Always have to practice.
11. Don't be discouraged, because to be discouraged for this business 
is Suppose you open a "buy" trade with a lot of thought, then suddenly the sale
 mood starts, your minus 20 $ (1500) BDT, Then 3000 started to come down then 
you may have a lot of worries. But if you open the trade with the right decision 
(following the signal) then there is no reason to worry. And if you close the 
trade, then your loss.
12. Invest as much as you can.
13. If the dollar is low, the lot of trade is also reduced.
If anyone has any comments or objections, please let us know.
Today I want to know from you, who has these qualities inside! Please 
let those who have,One thing I am very worried about, many people in our 
country lose their first deposit, but they do not understand why there is 
so much failure !!
Reason 6
1. They trade more profit without knowing the signal (that is more loss).
2. Trading by looking at candlestick signal (this is a very scary job for 
forex traders).
3. The signal does not follow.
4. Slightly frustrated.
5. Takes more risk than the amount of dollars in the account.
6. Market movement opens the opposite trade unknowingly, even if it is for 
a small profit, which is the main reason for its loss.
7. Scalping with more lots. (And if this scalping turns into a reverse trade, 
then there is no end to the danger.) Then it is the fault of the brokerages.
8. They start with a few ideas from some dishonest people.

There are a few more things I'll let you know later ...

To become a good forex trader you need to be an expert in a few things. 
If you are a good forex trader, you can use forex as a job option. Nowadays 
many people are interested to know about Forex. I hope that Forex will 
become more popular in our country very soon. There are still some forex 
traders who know how to make some profit but money management doesn't follow 
it properly so they lose with capital in trial, I have seen many.
Money management is the main topic of Forex, I will write about it gradually

1. Understand the movement of the market.
2. You need to know how to make proper use of your trade lot and balance.
3. Greed cannot be overstated.
4. You have to follow different financial news. You always have to go for 
updated news.5. Rumors should be avoided.. No more than 5% risk can be taken.. 
You have to understand the charts and market trends without trading all 
the time.Demo trading is very useful for learning Forex. But many are seen 
doing very well in the demo, he loses when he goes to trade real. So it goes 
without saying that his demo experience went nowhere. In fact the experience 
did not go away. There it is. The problem is elsewhere. The problem is emotional. 
Suppose when you are angry or under pressure you do a lot of common things 
and make mistakes. You don't have any pressure when you do the demo. As a result, 
even if you enter a trade loss, you remain normal. But in real trading, if you 
lose a trade, you go under pressure and make the wrong decision. It turns out 
you bought EUR / USD. After a while he saw that you have lost 10 dollars. 
Then you thought the decision was wrong. You closed the position. You lost $10. 
This time you gave the cell to compensate for the loss. After a while he saw 
it growing again. You put on pressure again. In this way you are losing the 
balance by changing the decision again and again. He is under more and more 
pressure. In fact, if you understand the market without so much pressure and 
just buy or sell, you will see that you are making a profit. And of course 
keep a lot of care in the lot of Balenche so that you are safe even if 
you drop 600/700 pips.

Forex is an easy way to earn money online. It would be wrong to say easy. 
Easy for those who are experienced. Hard for newcomers. 90% of newcomers 
to Forex trading lose their 1st investment. Think like this and trade. 
They will be caught. Because if the stock and the price in the stock market, 
everyone loses. From the website, those who will open an account with our 
referral brokers will be guided. And yes, it does not cost any broker to 
open an account. When trading, you have to deposit. The medium of deposit 
is SKRILL, NETELLER, WIRE transfer,VISA etc. Everything about Forex will 
be discussed gradually. There is nothing to be afraid of about Forex. You 
should visit this website regularly. And if you have any questions, please 
comment.

Everyone needs to have their own plan for trading Forex. Forex should be done 
according to one's own analysis without listening to the words of others. 
Now the thing is, the analysis will be done with experience that you will 
not guess. Definitely do with experience. The advantage of demo trading is 
to gain this experience. You need to understand that you should trade according 
to your Aman plan which will not make you poor even if your analysis proves 
to be wron .You start trading with 2০০ 200. The trade lot will be good for 
you at 0.02. This amount is 1 pips of lotCost is 0.30 cents (may vary by broker). 
That means if you lose 1 pips, you lose 0.30 cents and if you lose 1 pips, 
you lose 0.30 cents. We are talking about EUR / USD. You bought at 1.2730 rate. 
This currency usually makes 100 pip ups and downs in 1 day. Now if the next day 
100 pips increases your profit will be 0.30 * 100 = 30 dollars. And if you 
reduce 100 pips in the same way your loss will be 30 dollars. Now your loss is 
seen. If there is a loss for 3/4 days, the amount of your loss will be 90 or 120 
dollars. This loss does not mean that your balance has decreased. 
Much like playing football. That you lost 2-0 but the game is not over yet. 
If you score 3 goals later, you will win. Forex requires patience to win this. 
That's it, after being at a loss of ড 120 in 4 days, it started to grow again. 
And once it is covered, you will come to profit. The reason here is 0.03 lot 
with a balance of ২০০ 200. The reason is that even if your analysis is wrong, 
the current trade can not make your balance 0. In other words, if you want to 
make your balance 0, 200 / 0.30 = 8 Pips must get off. Which is not common. 
So even if your analysis is wrong, you will be safe. There is nothing to break 
if you make a mistake. Big experts are also wrong.

Now it’s time to trade for the first time, The first guide line to trade .Management has to follow 100 percent .

Money management is one of the key to success in Forex. Of which
The better the money management, The will be more successful the forex . 
The key to money management is low risk you are using your money. 
All those who are associated with Forex in our country want to get down 
to Forex with less money. It is not a bad thing to go down in Forex with 
less money. But the thing , they go down to Forex with 50 or 100 or 
200 dollars and trade with 50% risk. Everyone should understand that it is 
not a gamble that you win when you make a Win then gain and when you lose 
everything lose . If you get a nice guide line in Forex, then you can do 
Forex as an alternative to Job. If you join Forex with $1000, I will tell 
you that your goal will be to earn / 40/50 per week and 200 per month. 
However cannot be trade all the time. Cannot be trade by guess. Now here's 
how to make $50 a week with $1,000. Suppose when you enter Forex now 
Euro / USD 1.1798. You should wait.If the up trend continues, it will increase. 
And if the down trend continues, it will decrease. You should follow the trend 
to see which way it is going. Assuming it is up trend then see how far it rises. 
When it rises to 1.2150 or 1.225 then open a sell trade. Lot will be 0.02. 
Then your profit or loss for every 100 pips will be $ 20. So your risk is 2%. 
Big banks or financial institutions never take a risk above 5%. It turns out 
that the EUR / USD is rising because you have no idea about fundamental analysis. 
Because the financial news shows that the US dollar is weakening against 
the euro. No matter how much you worry because if you want to loss $1000 ? 
market have to go up to 1.425. That means  have to raise 2000 pips from your 
cell rate. Which is impossible in one word. Because a Major Currency can no 
longer unilaterally dominate a Major Currency. When the up trend ends and 
the down trend starts, your profit will be start . At the rate given by 
your cell, you actually set 200 pips take profit. When 200 pips crosses or 
drops to 1.2050 or 1.203, your 200 pips profit of $ 40 will be added to your 
account balance. Then don't trade anymore. Then trading will be a risk. Because 
the first 200 pips of any trend is safe. Then the trend could turn around at 
any moment. You have to wait and see when the up trend will start. In case 
you don't understand, I'm saying 1.1950 or 1.1902 or 1.1900, you can actually 
open  a buy trade. When you buy, set 100 pip take profit. You will also 
gain $ 20 from this trend. You can see the trend change 4 to 6 times throughout 
the month. Suppose you see a trend change 5 times a month, you will be earn 200 
in 5 times and repeat this process continuously, then you will surely survive 
in Forex. You will be able to invest more in Forex after seeing your success 
later. Thanks everyone.

The Forex market moves most of the time depending on 3 issues:-

 1. Fundamental News
2. The sentimental statements of some important people or the sudden warrior status of another country on a country, especially in the USA, the sudden unusual movement in this No. 2 situation, such as when Iran attacked the bases of Iraq US fighters to avenge Solomon’s assassination, I was traded now, i have open gold Trade then about 500 pips movement that day, I gave the graph-Chart  below..

what happened forex market gold

3. Technical which can be seen in MT4 platform graph.

Now there are some special benefits of trading on MT4 platform I have to write about them:-

Since it is the fastest platform and market since 5 days a week 24 hours non-stop, and it is not possible for a person to sit and watch 24 hours of trading ? Also when a news comes in major currencies, so all these benefits were very much needed, it was seen that there is an option to take profit at the time of open trade , if it is given, the market will suddenly rise due to a news or a sudden sentimental statement of a important person. Due to the collapse, the trade will close with the profit whenever it hits the price you set, so there are stop loss, buy stop, sell stop options, I am writing all the sequences,

Take Profit:- You can set the maximum profit you want to make in a trade in MetaTrader. Suppose you buy EUR / USD at 1.1800. If you want 100 pips profit then you can go to take profit and set 1.18100. If you are not in front of the PC or if your PC is off, the trade will close automatically as soon as that rate comes.

Stop Loss:- Stop Loss is the opposite of take profit. Suppose you buy EUR / USD at 1.1800. Now you have decided that you do not want to lose more than 100 pips in this trade. Then set the stop loss at the rate of 1.17900. It will also automatically close at that rate. You can set these two in different ways as well as set them together.

Tope image  Buy trade  open<> Down image Sell Trade open 

Now Buy Limit and Sell Limit :-

Buy Limit: – I think if USD / EUR pair 100 pips goes down, we will open a buy trade. Set Buy Limit to 1.1790. when market is 1.17900 the trade will be opened, and here I think I will do 100 pips profit, then I will set take Profit at 1.1800, when market is 1.1800 trade will be closed automatically with 100 pips profit . Don’t forget set Stop Loss .

Sell Limit: – This is exactly the opposite, USD / EUR pair100 pips goes up , We will open a sell trade, then set sell Limit 1.1800, when the market is 1.1800 will be opened a sell trade follow the same rule and set it to 1.1710 take Profit, and when the market goes to 1.1710 , then the trade will be closed automatically with 100 pips profit , Don’t forget set Stop Loss

Coming ………soon