What's new

What strategies can i use

Using a demo account to learn to use a trading platform can be a first step for a newbie, but learning the basics of forex can provide insight as a foundation for diving into the challenging world of forex. You can learn a trading strategy and apply it in a demo account without any risk of losing real money.
 
Momentum, trend-following, reversals, pullbacks, candestick patterns etc. Lots of them. But personally I prefer to trade with S/R because I like graphical analysis.
 
It is better for you to start with a demo account and first see how support and resistance levels, trend lines and channels work. It is also important to choose non-volatile pairs for trading while you are a beginner, for example, you can use EURUSD, which is the most liquid pair with smoother movements and minimal spreads (for example, my broker has a spread of only 0.1-0.2 for this pair).
 
As a beginner in forex, start by learning the basics—understand currency pairs, pips, spreads, and leverage. Study technical and fundamental analysis, and use demo accounts to practice. Develop a trading plan, focus on risk management, and gradually build experience. Consistent learning and patience are key to success.
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Similar threads

Users Who Are Viewing This Thread (Total: 4, Members: 2, Guests: 2)

Top
AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock    No Thanks