Step by step, from beginner to expert
Master the basic concepts and terminology of foreign exchange trading
Choose a reliable forex broker
Practice trading skills in a risk-free environment
Start real trading with a small amount of money
Gradually increase investment after achieving stable profits
Six chapters cover comprehensively
Basic must-learn content
Understand the basic concepts and operation principles of the foreign exchange market
Learn the characteristics and trading hours of major global currencies
Understand the various factors affecting exchange rate fluctuations
Understanding the roles of banks, institutional investors, and retail traders
Basic must-learn content
Master the basic units of measurement in foreign exchange trading
Understand the mechanism and risks of leverage
Learn the concept and application of going long and short
Understand the actual situation of market implementation
Basic must-learn content
Master the shapes and meanings of Japanese candlestick charts
Identify key price levels
Learn to draw trend lines and channels
Grasp moving averages, RSI, MACD, and other indicators
Basic must-learn content
Understand key indicators like GDP, CPI, and employment data
Learn the impact of monetary policy on exchange rates
Understand the impact of geopolitics on the market
Master trading skills before and after major news releases
Basic must-learn content
Learn how to allocate funds wisely
Master the core skills of risk control
Build a sustainable trading system
Overcome greed and fear and other trading psychology
Basic must-learn content
Strategies for short-term traders
Methods of mid-term trend trading
Long-term holding based on fundamentals
Arbitrage trading techniques utilizing price differences
Tips from professional traders
Platform regulation qualifications, trading conditions, and user experience are all very important
Systematic planning and execution are key to successful transactions
The foreign exchange market is constantly changing, requiring continuous learning
Learn from others' mistakes
Frequent opening of positions leads to increased trading costs, ignoring quality in pursuit of quantity
Hoping the losing positions can reverse, but the result is just getting worse and worse
Entering the market after a significant price move, often buying at the high and selling at the low
Let greed and fear dominate trading decisions
Using excessive leverage amplifies risk
Keep delving into deeper learning
It's recommended to spend at least 2-3 months learning the basics and practicing simulated trading. Hurrying to succeed often leads to losses. A solid foundation is the key to successful trading.
No need. Exness standard account can be opened with as little as $1. I recommend beginners start with a small amount and gradually increase investments as experience and confidence grow.
Both are important. Technical analysis helps determine entry and exit timing, while fundamental analysis helps understand market trends. I suggest combining both methods.
Test your trading ability and psychological resilience through simulated trading. If you can consistently make profits and control your emotions in the simulated environment, you can consider real-money trading.