How to trade forex for beginners

 

How to trade?

In order to learn to trade as quickly as possible, please pay attention to the following process.

1. Select the product you want to trade, such as 'EURUSD' or 'XAUUSD'.

2. Analyse the direction of the market.

3. Select the direction you want to trade, 'buy' or 'sell'; select the 'lot size' of the transaction, and then open a position.

4. When your order generates 'profit', you can close the order at any time to gain profit.

More Details:

Direction: Whether price goes up or down. Choose Buy if you think the market will go Up and Sell if you think the market will go Down.

Lots: The lot size is the size of your order. For example, if it takes $220 to buy 1 lot of EURUSD, then it takes $2.2 to buy 0.01 lots of EURUSD.

Close: Close means to close, when your order generates profit or not, you can close your order when the market is open.

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