The exchange is a financial and investment platform on which various assets are bought and sold. All world exchanges are divided into three main categories - commodity (oil, metals, grain crops, etc.), stock ( stocks, futures, bonds) and foreign exchange (cash funds of various countries). Separately, the precious metals exchange is distinguished, on which  gold, silver and platinum are traded .

 

The most famous currency exchange, which today no longer needs to be introduced, is the Forex trading platform,  but there are others, for example about one rather successful you can read here https://www.avatrade-review.com/reviews In all cases, trading on exchange platforms is carried out by traders who work on brokerage platforms. Earnings of the trader is formed due to the difference in the price (quotes) of the purchased and sold assets. It should be noted that today not only the currencies of leading powers are traded on the Forex exchange, but also other assets - shares of large companies, precious metals, cryptocurrencies.

 

A brokerage platform is a multifunctional system that provides a trader (trader, player) with all the necessary tools for concluding transactions. Such projects charge a commission for their services, which is offset by security guarantees for contracts and deposits. At the same time, brokerage companies offer their customers a wide range of benefits and opportunities.

 

To start trading on the Forex exchange, you must have the following three factors:

 

• the desire to constantly learn, improving in the profession of a trader;

• the presence of start-up capital, which can be a relatively small amount (for example, $ 200-300);

• serious attitude to study all the nuances of exchange trading at the initial stage, complemented by intensive training with conditional (demo) accounts

 

Today on the Internet you can find an impressive number of training lessons to help you learn the basics of stock trading. It should be understood that only prolonged practice when working with conditional and real money can bring a participant in transactions to the optimal level of profitability.

 

IMPORTANT! Any exchange transactions involve certain risks. There are no 100% guarantees in this world. The key task of a skilled trader is to minimize such risks with a wide arsenal of legal means. If you seriously decide to start trading on the Forex exchange, at any time be prepared for certain losses, which, if the strategy is right, will always be less than the total income.

 

Speaking of illegal exchange transactions, such schemes include, first of all, contracts concluded on the basis of insider information, that is, information obtained “behind the scenes” or through economic or financial espionage.

 

At the end of the introduction, it is worth noting that the money earned on the currency exchange cannot be attributed to easy income. Therefore, if you expect to find in this area the mythical button “Get rich in a minute”, you better stop reading at this place and forget about this type of earnings forever.

 

How to make money on the Forex exchange

This will be the smallest paragraph. Buy cheaper and sell more. They wait for the “peak” or “bottom” of the quote, close the deal depending on the strategy and the current situation. In simpler words, they resell assets with a profit for themselves, the price of which is constantly changing.

 

10 step-by-step rules for beginners

 

1. To get started, select and study the financial service with which you will work with your  . It can be popular electronic money - Yandex.Money, Webmoney, Qiwi or with registered bank cards VIZA and MASTERCARD.

 

1. The second stage is the development of exchange terminology. A very important point on which the understanding of all future lessons, tips and forecasts will depend. It is worth noting that the modern dictionary of the trader includes at least 100 specific terms, the meaning of which you must fully understand. The basic “ten” of symbolic definitions and concepts must be memorized.

 

1. Compare the learned terms with practical examples. Read articles on the general specifics of Forex contracts. Learn about currency pairs and their characteristics. Recognize the difference between major and exotic currency pairs.

2. Make a list of the main trading instruments with common characteristics, options and features. The following concepts and functionalities should be included in such a registry:

• buy swap, sell swap;

• spread, margin, swap and lot;

• trading signals;

• CFD contaracts;

• click map

• MTF Stochastic indicator;

• volatility calculator;

• currency pair correlation chart

 

Carefully study each position with practical examples, which will help

you in the future to correctly use the entire available arsenal of funds for successful transactions. Along the way, it is worth noting that both free and paid instruments are used for Forex trading, most of which your brokerage company will offer you.

 

1. Choose the broker with whom you are going to cooperate in the process of trading on the currency exchange. The main selection criteria are the company's reputation with the feedback of traders, the size of the commission, the list of exchanges that this broker works with, the offered benefits, the availability of free training programs. The key point is the size of the  and  . A serious plus can also be the presence of a mobile application. Before making a decision, check the “black lists” of irresponsible brokers, which are constantly updated on the Internet.

 

1. Carefully study the functionality of the brokerage platform. It is very important to thoroughly explore all the possibilities offered. Often an unobtrusive option can significantly increase the likelihood of successful contracts.

 

1. Complete the entire training program offered by your chosen broker. Such lessons can be provided free of charge and for a fee. At this stage, one significant point should be taken into account. Some short-term lessons with rich informative content are many times more useful than long stupid confused lectures. The quality of training programs depends on the competence of a brokerage company and the talent of a teacher. Unfortunately, there is no unambiguous criterion for the right choice of quality teaching lessons.

 

1. In any case, intensively study on your own - since there are a lot of opportunities on the Internet for this. The main disadvantage of such training is the need to spend a significant amount of time on screening of repetitive and low-value materials. Make a plan with the points you would like to explore. This may include basic terms and their practical meaning, basic Forex trading strategies, how to make money on specific schemes (for example, CFD contracts). If possible, read the literature - "Forex for Beginners", "Trading is Your Way to Financial Freedom."

 

1. After completing the above steps, start trading on demo accounts. Take this moment as seriously as possible, as if you are risking real money. Such trainings should use all your knowledge. Hone all actions in long and short positions to perfection. Practice trading signals. Run through the automatic and manual options of the brokerage platform functionality to perfection.

 

1. Determine the amount of the initial deposit that you are willing to spend on a real stock exchange game. At the same time, remember about the leverage that allows you to conclude transactions for amounts that are several times the size of your deposit. Choose currency pairs for contracts, determine your strategy, replenish your trading account and start making your game.

 

Secrets of Successful Deals

 

• choose currency pairs correctly;

• carefully use the entire range of trading and exchange instruments;

• Constantly interested in short-term and long-term economic, financial and political forecasts that may affect the quotes you are interested in;

• skillfully use all the benefits and opportunities provided by your broker;

• Be mentally prepared for certain losses at the initial stage;

• save every dollar to accumulate strong capital with which you can earn even on minor currency fluctuations;

• diversify exchange contracts by reasonably distributing transactions between several currency pairs (stocks);

• initially tune in to cool-headed decisions - any excitement can lead to the failure of all calculations

• Finally, another useful tip - never enter into random contracts "for good luck!" Even if you are lucky several times, sooner or later such rash steps will lead to serious losses.

 

Conclusion

In conclusion, I would like to note - at first glance, many of the terms, concepts, operations and tools of the Forex exchange can scare off their complexity and incomprehensibility. However, in fact, if we analyze each position separately, then almost any person can understand its essence and principle of work. No wonder many famous brokers and traders started from scratch, independently exploring all the nuances of exchange trading. The MAIN RULE is patience, diligence and determination. As the legendary rich man John Rockefeller noted precisely: Clarity and concreteness of the goal is one of the main components of success, regardless of what a person is striving for . Good luck with your deals!