How to learn to make money on Forex.

Currently, the Forex market is an excellent opportunity to quickly earn a decent fortune, although “quickly” is a rather relative concept here.

Yes, if you know how to trade, you can increase your initial deposit several times in a month, but to do this you must have some professional knowledge and experience. Almost no one can make money from scratch, so in order to become a successful trader you should study, study and study again.

How to learn to make money on Forex - first of all, you should draw up a training plan, including the main points that you should know for successful trading. This is exactly what this article will discuss.

Forex training plan.

The attractiveness of this type of training is that you can learn how to make money on the Forex market completely independently and for free, without resorting to outside help. And all because all the knowledge gained can be immediately consolidated in practice.

1. Choose a broker and open a demo account with him, this will be a testing ground for testing and consolidating the knowledge you have acquired, this is one of the prerequisites for successful training.

2. Trader’s trading terminal – from the selected broker, download and install the trader’s trading terminal and instructions for working with it; the terminal should be downloaded from the company through which you subsequently intend to trade.

3. Technical aspects - this category includes everything related to the technical part of the work, that is, opening orders, setting up and installing a trader’s trading terminal, installing advisors and indicators, as well as many other aspects. A simpler source of knowledge in this case is the instructions for working with the trader’s terminal.

4. Choosing a Forex strategy - if you want to immediately try your hand at trading on a demo account, it is best to use a ready-made strategy, since learning even the basics of trend analysis may take you more than one month. To begin with, choose the simplest strategy.

5. Analysis - usually a ready-made strategy already describes how to find entry points into the market, but for a complete picture it is still advisable to study at least the basic concepts of technical and fundamental analysis.

Practically, these are all the points for learning how to make money on Forex, the main thing is not to rush, first you need to start making a stable profit by working on a demo account, and only then open a real one. When switching to real money, do not forget about the psychological aspect; when working with real money, do not deviate from an already proven trading strategy.