Practical Forex advice.

If you decide to trade on the foreign exchange market, you will find a lot of different tips on organizing this process, but as a rule, all of them are divorced from real trading or are reprints of recommendations from foreign traders.

Therefore, I would like to help beginners get really useful tips on real Forex trading that will help them avoid a lot of trouble.

Forex trading is a rather specific activity, so all aspects of the issue should be taken into account - the organization of trading itself, risk insurance and some other points.

1. Organization of trading - choosing a Forex broker hides a huge number of pitfalls, you will learn how to get around them by clicking on the link provided earlier.
But when trading with any of the selected brokers, you should take into account some features:

• The greater the profit received in relation to the deposit made, the more difficult it is to withdraw it - do not accumulate large amounts of profit, but immediately make a withdrawal.

• The larger the withdrawn amount, the longer it will take to withdraw - try to withdraw funds in parts.

• Stop loss in case of a gap is triggered at the first available price, you can not only lose your deposit, but even go negative - do not leave transactions for 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 second 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 stop loss - this is a strict rule that most beginners ignore.

• At the initial stages – the leverage used is no more than 1:50, 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 are given, you will still have questions. In this article I tried to help you avoid the most common mistakes that traders usually make.