Looking forward to learning
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Open a demo account with a broker and run strategies through this before you put real money into an account.
Okay thank you, I appreciate you reaching out and giving me tips
In fact because demo accounts are free you could open a demo account with say 3 brokers and that way you would be testing their service, platform and customer support at the same time. Then eventually put your money into a real account with the best one.
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First and foremost, we have to learn to earn. FX trading is simple, but not easy, otherwise we’d all be millionaires. And owing to FX being speculative, income is never guaranteed, ever.
The education button above will set you on your long journey to become proficient. - that will take months, maybe years, unless you gamble and get lucky. The odds of that happening is not in your favour, though.
That’s the reality.
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make demo accunt make practice daily 1 indicator and then go to real market
If you’re trading with a sole purpose of increasing your income, be prepared it’ll take some time before you realize this, the right approach towards this however is to learn about forex, go demo trading and then when you’re comfortable about risking money, that’s when you can go live trading.
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If you are thinking of expanding your income on a regular basis, you must have a substantial trading capital to work with in the first place. How much is your current trading capital? How much additional income are you hoping/expecting to derive?
HI. As FX trading is speculative, preserve your capital as your main criteria - whether it’s on a demo or live account - by keeping daily risk on all open trades very low - e.g. 5%, and preferably never ever more than 1% per trade.
That way, you’ll stay in the game while others blow their capital. Also look up Candice B on Youtube -she’s the real helper for newbies: Candice B - YouTube
best of luck.