3 вещи, которые необходимо сделать перед началом торговли на Форекс

Forex (or currency trading) is the most traded market in the world with a turnover of over 4 trillion USD every day. This is one of the reasons why Forex is very popular among professional traders as well as beginners. If you are new to Forex we’ve outlined three important things you need to do before you start trading on the live markets.

* Choose a Reliable Forex Broker

Your first priority is to choose a reliable broker. There are several things you need to research before you find a broker that’s right for you. Here is a list of the main points to look at when making your choice:

* Trading conditions: find out what are the spreads, commissions if any, and swap rates for the currency pairs you want to trade.

* Minimum deposit requirement: find out what is the minimum deposit requirement and what is the margin/leverage that can be used.

* Currency pairs available for trading: most Forex brokers offer a wide range of currency pairs and CFDs on stocks, precious metals, indices, oil, etc. Make sure the broker offers the currency pairs and CFDs you want to trade.

* Dedicated customer support: find out how you can contact your broker when you have questions (ex: via email, phone or live chat) and in what languages they offer support.

* Bonuses and contests: many brokers offer welcome bonuses to new clients. Check out what bonuses are given by the broker and if there are any contests that will keep you motivated throughout your trading.

It’s important to have a good partner by your side, so choose carefully and look for a broker with a long history on the Forex market.

3 Things You Need To Do Before You Start Trading Forex
* Learn about Forex and what moves the markets

All major Forex brokers have an education section with lots of resources you can use to learn about Forex and the basics. For example you may read a Forex trading tutorial, watch videos or sign up for a webinar online.

Knowing the Forex basics is one thing, but spotting market opportunities is totally different. That’s why you should do your homework and analyze the markets that you will be trading. To help you understand what affects market prices you can monitor: an economic calendar, daily Forex technical analysis, technical indicators, trading signals, data releases and economic news. Don’t rely on a single source of information because this will give you a rather narrow view on the market and you may miss important details.