When a beginner decides for the first time to trade Forex, he does not have the faintest idea where to start. The only thing certain is the desire to want to make a lot of money. Any trader, before starting with Forex, must have behind a solid education and a solid forex trading strategy.
There are many forex trading strategies to choose from because each trader must evaluates the capital to trade with and the risks that he wants to run.
Forex strategy is not tactic: a strategy is a method studied in detail that has been developed to achieve clear targets along a path of great durability. A tactic however is only one technique that is adopted to achieve a result in the short term that often is not based on a specific criterion.
Part of the strategy is the choice of a specific investment plan based on the available capital. The plan must contain monthly and annual targets, the budget of expenditure and revenue and the planning of the daily investment, including a study on the financial asset.
Manage the capital invested is very important when it comes to forex trading strategies.
Investments must be weighted and well thought and money must be rationalized for each open position.
Beginners must also consider the "technical" strategies i.e. those based on technical indicators that are used for the study of the evolution of financial asset in the short and medium term, which are critical for intraday and multiday trading.
There are many reasons why it is important to use forex trading strategies. Consider that, about
90% of those who do Forex trading end up losing their capital in a period that can range from six months to one year. Only 10% of financial operators can bring home good results and earning really well and consistently over time.
The secret to earn money with forex is not so much in the strategy, as the trader's behavior. After choosing a strategy (and there are so many that can generate higher profits) you must apply it. And it is here that many beginners make mistakes: the strategies should be applied with great discipline.
One of the best ways to start earning immediately in forex, even without great experience is to choose a very good forex broker. It is always recommended to rely exclusively on regulated and licensed brokers (e.g. by Cysec); that way you are sure that your money is safe. Within our forex broker category, you can choose only selected broker, authorized and regulated.
As it is now the trading market, the best way to operate in this market is to use binary options. Statistically it's more likely to gain if you trade forex with binary options. Beginners can choose among a very long list of forex brokers.
Among the most important and recommended forex brokers for beginners there is eToro. It is one of the oldest and most renowned brokers, but it is the broker by far easier to use. Even those who know nothing about finance can easily guess how to move with eToro.
It is not just a matter of interface, eToro is also the best social forex trading platform: all those who have an account on this platform have the ability to copy, fully automatically, the moves of experienced traders.
This is the first social network in the world for investment and is a winning choice for experts and beginners. What are you waiting for? Hurry to turn on the computer!