Practical Forex advice.

When you decide to trade on the forex market, you'll find a ton of advice on how to organize the process, but it's usually disconnected from real trading or reprinted from recommendations by foreign traders.

Therefore, I'd like to help beginners gain truly useful tips on real forex trading that will help them avoid a ton of trouble.

Forex trading is a rather specific activity, so it's important to consider all aspects of the process—trading organization, risk management, and other aspects.

1. Trading organization – choosing a Forex broker hides a huge number of pitfalls. You can learn how to avoid them by following the link provided earlier.
However, when trading with any of your chosen brokers, you should keep a few things in mind:

• The greater the profit received relative to the deposit, the more difficult it is to withdraw it – do not accumulate large amounts of profit, but withdraw it immediately.

• The larger the amount being withdrawn, the longer it takes to withdraw - try to withdraw funds in parts.

• Stop loss during a gap is triggered at the first available price, you can not only drain your deposit, but even go into the red - do not leave trades over the weekend.

When organizing trading, you should also not forget the purely technical aspects of working with the terminal; it is always better to have two of them, one installed on a mobile phone (smartphone) and the other on a computer or laptop.

Another important point is the currency of the Forex account - it is recommended to top up accounts in US dollars, this is a simpler and more profitable option.

The best way to top up is WebMoney - the advantages are simply undeniable - cheap, fast, you can instantly exchange one currency for another.

2. Trading itself - practical advice on Forex trading contains the following points:

• Mandatory setting of a stop loss is an inviolable rule that most beginners ignore.

• At the initial stages, leverage of no more than 1:50 is used; trade with this option for at least a month.

• ForexCopy is better than using automated trading advisors.

It's clear that no matter how much Forex advice you receive, you'll still have questions. In this article, I've tried to help you avoid the most common mistakes traders make.