For Beginers
The foreign exchange market (forex or FX for short) is one of the largest, most exciting, fastest-paced markets in the world. It seems to be easier to understand, compared to the stock market. Chances are you’ve already tried it when you’ve gone on a trip to another country and exchanged some money.
There are solutions to help investors get over the learning curve – trading courses. (Forex trading offers far more flexibility than other markets, to learn how to get started, check out our Forex Walkthrough.)
In order to become a competent participant on the forex market, or a professional trader, it is necessary to become familiar with trading basics. The best way to acquire the necessary knowledge is to begin with demo trading, which “Maxrich Group LTD” makes easy.
As you gain experience, you can move from your demo account to a live platform. You can start trading with any amount at low risk. You can increase the volume of your trading operations, taking more risk but making higher profits.
3 easy steps to Forex trading:
Step 1. Training on A Demo Account
The first step of the training process is opening a demo account. With a demo account, you can learn how to operate the trading platform and develop trading strategies for an unlimited period of time, absolutely free. Even if you have no forex market knowledge you can test your skills as a trader on a demo account. All trades on demo accounts are virtual, but they provide the same conditions as those on live accounts. On a demo account you can open and close positions as if you are trading on the real forex market.
You can answer many of your questions about forex yourself, without risk, by trading on the demo account. For other questions or problems, 24/5 Support Service is available by our Contact Us form.
You can open as many demo accounts as you would like, totally free.
Step 2. Online Resources
Those who are talented self-learners can take advantage of free options online, such as trading books, free articles, professional strategies and fundamental and technical analysis. Again, even though the information is free, make sure it is from a credible source that has no bias in how or where you trade.
Step 3. Live Account Trading
Once you have some experience trading on the demo platform, you can try trading on a live account. As minimum trade volume is not limited, you can limit your risk: only you determine the volume of your investments.
You will find that live trading allows you to hone your new skills even more than trading on the demo account. Trading with real currency, however minimal the amount, gives you an even better understanding of forex market activity, and allows you to prepare for professional-level trading.