From time to time, playing Forex is increasingly being touted as an easy and fast way to earn income online. However, actually investing forex in glenmore investments scam business is one that requires a lot of basic knowledge and strategy, with strong experience and mentality. Therefore, understand how to play forex for beginners it can be said mandatory, before actually investing in it.
Fortunately, today many alternatives and how to play forex for beginners without capital, so we do not need to spend a lot of cost while still in the early stages only. In addition, everything can be done anywhere and anytime, provided we have internet connection and adequate device. How to? Well, on this occasion Forex Indonesia will give tips and tricks how to play forex for beginners without capital.
Learn to Play Forex for Beginners for Free
Prepare your PC or laptop, as well as a good enough internet connection. If you do not have a PC or laptop at all, then can take advantage of the cafe for a while. However, in the long run, it’s better if you have your own device. Also make sure to have an active email address. Visit the site of one of the forex brokers. In order to learn how to play forex for beginners, can choose any broker. Register or open a trading demo account (Demo Account). This is a trading account that contains virtual money (not real money), but allows us to see real market conditions. Demo trading account is intended for the beginner’s learning media, so registration is free and does not require various conditions. Simply click on the demo account list button on the broker’s site, then fill out the form provided. After registering, the broker will send a verification email and notification to your email. Just follow the process, to get a link to download trading software that is usually named Metatrader4 (MT4)
From the broker’s link, download and install the software to your PC or laptop. This is the reason why it would be better to have your own device; because of course will be bothered if you have to download and install every time you switch devices instead? Use the ID and password that the broker has sent to your email address, to enter the trading software. Well, after that you will immediately see how the currency pairs move up and down in the forex market.
Through the trading software, we see the movements of currency in the form of graphs. For example, the chart of the EUR / USD currency pair is moving upwards, so that means the Euro strengthens against the US Dollar. Meanwhile, if EUR / USD moves down, then it means the US Dollar strengthened against the Euro. Basically, forex trading seeks to benefit from those moves. For example, if the estimate of EUR / USD will rise steadily, then we click the Buy button and make an order. If the graph really moves up and down, then we will benefit. Conversely, if the estimate of EUR / USD will go down steadily, then we click the Sell button and do order. If the graph really goes down, then we will profit.