How to learn to make money on Forex.

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

Yes, with trading skills, you can multiply your initial deposit several times within a month, but this requires some professional knowledge and experience. Almost no one succeeds in making money from scratch, so to become a successful trader, you need to study, study, and study some more.

To learn how to make money on Forex, you first need to create a training plan that includes the key points you need to know for successful trading. This is what this article will cover.

Forex training plan.

The appeal of this type of training is that you can learn how to make money on the Forex market completely independently and for free, without any outside help. This is because all the knowledge you gain can be immediately put into practice.

1. Choose a broker and open a demo account with them. This will serve as a testing ground for you to test and consolidate your acquired knowledge, which is one of the essential conditions for successful learning.

2. Trader's trading terminal – download and install the trader's trading terminal and instructions for using it from your chosen broker. The terminal should be downloaded from the company through which you plan to trade.

3. Technical aspects – this category includes everything related to the technical aspects of the work, such as opening orders, setting up and installing the trader's trading terminal, installing expert advisors and indicators, and many other aspects. A simpler source of knowledge in this case is the trader's terminal manual.

4. Choosing a Forex strategy – If you want to try your hand at trading on a demo account right away, it's best to use a ready-made strategy, as learning even the basics of trend analysis can take months. Choose the simplest strategy to start with.

5. Analysis - a ready-made strategy usually 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.

These are practically all the steps to learning how to make money on Forex. The key is to take your time. You should first start making a stable profit on a demo account, and only then open a real one. When switching to a real account, don't forget about the psychological aspect; when trading with real money, stick to your proven trading strategy.