Not only beginners would like to become successful traders, but also those who have been familiar with the Forex market for a long time, but for some reason cannot achieve a stable income. It’s not very often that trading goes well literally from the first steps; most people get disappointed and leave the market after 2-3 unsuccessful trades, or they stay, but do not actively trade, but only read about other people’s achievements. Is there a way to succeed in trading, and what do you need to know to do it?

Rules and secrets of working on Forex

According to statistics, only 10% of people, when starting to work in the financial market, achieve high results from successful trading. The remaining 90% start losing money at the very first steps. Why is this happening? To achieve your goal, you need to find out what mistakes beginners make and how to avoid them.

The reasons for failure usually lie in the following factors:

Treat trading like a game. Forex is not a casino where everything depends on luck or failure. Successful trading– this is, first of all, the basis of knowledge. If a beginner does not have knowledge about the specifics of the market, the basics of analysis, or working with tools, trading will lead to failure.
Practice is the basis of success. It is important to understand strategies and the course of a transaction, and without practical training this is impossible, so you will have to devote quite a lot of time to trading.
Choosing a broker is the most important point. You can’t blindly trust advertising; you need to thoroughly study the company’s conditions, its specifics, and find out about the regulators. A good solution is to study reviews on forums.

You can become a successful trader if you adhere to the following rules.

Educational materials

Note! Of all the Forex brokers operating in the Russian Federation, few meet the criteria of a truly high-quality company. The leader is - Alpari!

More than 20 years in the Forex market;
- 3 international licenses;
- 75 instruments;
- fast and convenient withdrawal of funds;
- more than two million clients;
- free education;
Alpari is the No. 1 broker according to Interfax! All you need to get started is just register on the site!

Forex for dummies.

Almost every broker offers a range of educational materials for more productive trading. The arsenal of knowledge of a successful trader should include not only the basics, but also deeper theoretical and practical knowledge. After registering with most brokers, a beginner has access to the resources in the “Training” section, where you can choose a free form of training or check the cost of paid courses.

For reference! It is best to complete the training at the same time as opening a demo account. This way you can test your knowledge in practice.

Brokers offer the following lesson formats:

printed and electronic literature;
webinars;
seminars;
individual sessions;
distance lessons.

Training is provided by leading company specialists or invited experts. If you wish, you can choose the best teacher and continue trading under his watchful guidance, but you will have to pay for the services of a professional.

Important! Many brokers provide incentive programs for those who complete the training. For example, InstaForex clients receive bonuses after completing the course.

If spending extra money is not possible, it is suggested to download materials from electronic form or watch video tutorials.

Demo account

Demo account.

This is a service that brokers provide to all beginners.

The demo account is intended for practice and helps you master the following trading basics:

Understand the functionality trading platform, understand how and where to download it, or how to work on the site directly in the browser.
Learn the basics of making deals, learn about the features of entry and exit, and placing orders.
Test strategies, indicators and advisors.
Understand how to conduct technical and fundamental analysis on your own, without the help of experts.
Learn to draw and read graphs.

To trade on a demo account, you do not need to top up your deposit. But there is also negative points. For example, the absence of risks leads to an incorrect assessment of the situation, carelessness, and a false idea of security, as a result of which the beginner makes the wrong decisions and drains all the money from the demo account.

For reference! The optimal time required to learn on a demo account is 3 months, but it all depends on how much time a person devotes to work and other factors. Some experts claim that practice should be completed for six months to 2 years.

Strategy and money management

Experienced traders know that money management is the foundation of any business. Successful Forex trading depends on how well a person can assess the relationship between his own losses and profits.

The money management system includes the concept of limiting the risk of loss on a deposit:

by timing, that is, for a day, a week or a month;
one by one open position using a stop loss;
decrease in volume after several unsuccessful transactions;
cessation of trading after a significant drawdown.

The concept of money management in Forex was first introduced by Jesse Livermore, a trader famous for losing and again earning several million dollars several times in a row, which served as a serious lesson and a reason for writing books. His theory is this:

You should not open trades with a large lot and expose yourself to risk large sums deposit. It is better to increase volumes gradually, since it is easier to close orders for small amounts, if suddenly it is not possible to predict a trend reversal.
The size of the stop loss depends on volatility and capital. Maximum amount, which you can risk - 10% of the deposit.
You should always leave funds in the account without using everything to open transactions.
Unprofitable positions need to be closed on time.
The profit received should be divided into 2 parts. It is better to keep 50% of the profit in reserve and try not to use it unless absolutely necessary. Although this particular rule is individual for each merchant.

To make the work of traders easier, a money management calculator was invented for them, which helps calculate the amount of possible losses so that they do not exceed 2% per transaction.

Calculator.

Psychology

The ability to manage not only capital, but also one’s own emotions is also part of the arsenal of any successful trader. Experts believe that 50% of success depends not on strategy, but on psychology.

The correct approach to trading can be briefly outlined in several points.

For trading, you can only use the amount that you can afford to lose.
You cannot start work in bad mood, during depression, stress and life troubles.
Greed makes it impossible to adequately perceive losses and leads to even greater losses; it is worth monitoring such states.
Fear is an emotion that comes hand in hand with greed and further increases the risk of failure. When fear appears, you need to analyze your feelings and actions.
You should not enter the market if you are not feeling well. If a person has pain, high fever and discomfort, he is not able to correctly assess the situation. And even more so, it is not recommended to trade while intoxicated or in another borderline mental state.

Experienced traders know a trick: they prepare to open a position, set the necessary orders and stops, then simply leave the computer. The price will still go in the direction dictated by the laws of the market, and remaining calm and cool in any situation will help to avoid many mistakes.

Interesting! Alexander Gerchik, a man who truly achieved success, tells everything about the nuances of psychology and many other secrets of trading in his book.

Gerchik's book.

Rating of outstanding and famous traders

If you pay attention to the reviews, among them you can find many negative opinions that trading is a scam and it is impossible to make money this way. The question arises: what about the people who managed to become successful, increase their capital many times over and earn big money? There are many such traders, and the success of each of them lay in the fact that they followed the rules, because each also began his journey by learning the basics, the moments of rise and fall.

Some of the world's most well-known trading leaders to look up to include:

One of the most prominent billionaire traders, George Soros, after moving to the United States, began his activities by founding a hedge fund. The financier eventually developed his own investment strategy. Currently he prefers to work with the foreign exchange market and specializes in news trading.
The author of many books, guides for beginners and more, Larry Williams has always paid great attention to technical indicators. He is known as a short-term trader, and the effectiveness of the developed systems has been proven over years of use. He still takes part in auctions and conducts training sessions.
An American with outstanding entrepreneurial skills, John Arnold is the youngest billionaire according to Forbes. He is one of the highest paid hedge fund managers. He began his activities with trading in oil and natural gas. Knows how to properly manage profits and where to invest them.

There are traders who managed to achieve the highest results and hone their skills in Russia. These are Alexander Gerchik, Stanislav Bernukhov, Alexey Martyanov and many others. All of them not only continue to work in Forex and act as analysts, but also teach beginners the basics of the profession.

Trading is a complex and interesting activity that requires serious preparation and permanent job above oneself. To become a successful trader, you need to treat this matter with full responsibility and not miss the slightest detail.

Feb 16

Greetings dear friends on the blog, Dmitry Smirnov is in touch. In this article I want to tell you about how to become a successful trader, or rather even about where to start for a beginner who wants to start trading on the world market. foreign exchange market. Unfortunately, in recent situations in politics, with exchange rates, with the closure of mmcis, there are many rumors that trading is no longer the same, and all this is supposedly not serious and not relevant in this moment. This is the topic that will be discussed in this article!

In the last article I already talked about, in this article I don’t want to say anything about why I’m not trading on the market at the moment and for what reasons. Regarding the latter terrible situation with MMCIS and the so-called Index Top 20, then everything is very sad, in fact, no one could even think that such big company and so he will throw everyone away, or close down, there are essentially only rumors, in any case, it doesn’t matter to us why the company is bye bye, in any case, the money is kuku. And there's not much funny here.

But despite this, trading was and remains popular today. I became acquainted with trading on the forex market back in 2010, when every newspaper “work for you” published information about how easy it is to trade on the forex market and make money, and you can take training for free at ForexClub, get a card with $15 for account and trading book. In reality, this is all dealing center nonsense, and during training you will not be able to understand anything other than the basics. What is important to the company is that you open a real account with at least $100 as soon as possible and start trading. Of course, they are interested in you EARNING! After all, they receive commissions in any case, whether you win or lose everything, but it is better, of course, that you earn money and continue to feed part of the commissions to the dealing center.

But unfortunately, as far as training is concerned, everything is really lagging behind, and I strongly do not recommend that you go to free training at dealing centers, because the main task will be for you to start trading on the Forex market on real accounts as soon as possible . Although, any professional trader will tell you that you do not need to do the following things, namely:

1. Trade on a demo account

2. Open a real account as soon as possible

3. Try to earn money, not invest

I have been trading on the Forex market for about 2 years, and I won’t say that it’s that bad. I became seriously interested in information about how to become a trader around 2011. What I did was:

1. I bought a thick notebook

2. I bought 3 books on the Forex market, namely: “the psychology of money in trading”, “Forex for a beginner”, “ technical analysis with a simple mind."

3. Downloaded all video lessons on trading

4. Took notes on video courses in a notebook

5. Started studying everything from the emergence of the Forex market to technical analysis

The most important thing that I was able to understand is the following, namely:

1. There is no earnings on the Forex market, these are investments

2. If you want to earn more or less stable income, then you must devote your whole life to trading

3. There's no point in opening an account if you don't actually want to become a successful currency trader.

It was precisely from the middle of the journey that I went into website building and the Internet business, because I wanted some more reliability, although in relation to Yandex to websites, not everything is so ideal here, so I’m halfway in the information business. In short, I’m spinning wherever I can .

How to become a trader?

In previous articles I wrote a lot of information on this topic, namely:

In fact, what can I advise you, if you really want to become a successful currency trader and turn over thousands of dollars, then I advise you to take trading completely seriously. And what I also want to say is that there is really no money in trading if you plan to open an account with $1000. The road you need to strive for is the following, namely:

1. You become a managing trader

2. You, like me, were once actively involved in affiliate program DC Forex4you

I calculated the income from the affiliate program here, it came out to almost 6,500 thousand dollars, at this rate it’s about 450,000 rubles, and clients topped up their account with almost 90,000 thousand dollars, which is about 6,000,000 rubles. And what I want to say is that I’ve seen so much of newcomers, it’s some kind of horror. I saw a situation where one of my clients opened 30 - 100 trades, I don’t understand what he was thinking, and at a time he could simply destroy 5,000 - 10,000 dollars. Then he replenished the deposit again, and so on for almost 1 year, but then it disappeared somewhere!

I have one cool client, namely:

He has almost $7,000 in his account, he withdraws little by little, and brings in about $100 in remuneration a month. In total, I have 2367 people, only about 40 people trade, on average only 5 generate income normally. And what I was able to understand from my own experience and looking at my clients, namely:

1. You cannot make money on the Forex market, it is an investment. You invest your money with great risks, with a chance to increase the amount by percentage. Just putting $100 into your account and thinking that you will now earn $300 every month is the same as buying a Muscovite 412 and picking up girls. Sheer nonsense!

2. If your plans are only to make money, then don’t even get into trading

3. If you want to get rich quick, then trading is absolutely not what you need.

I want to become a trader!

If you are a serious person, and not such a fabulous person, and you really want to become a successful trader, then you must be ready to devote your whole life to trading. In the first year, you should try to absorb all the information about trading, watch all the news, and especially devote all your time to studying various types of analysis.

In reality, the Forex market is not that complicated, the most important thing is to learn how to correctly apply technical analysis, learn to make serious decisions, weigh all possible risks, and be prepared for the fact that you can lose everything! And listening to those who say that trading is easy is simply stupid! Don’t listen to the nonsense of ForexClub and others that “I trade wherever I want because I love money,” where in advertising a fairy-tale character travels and trades wherever he wants. If something goes wrong, then you will simply lose all your money!

Is it worth trading on the Forex market?

For me, yes! Costs! This is an invaluable experience that will be useful to you in life, and as I already said, if you make your way into life as a managing trader, then you will be able to feel money in a completely different way!

Modern technologies allow anyone to become a trader in financial or stock market. To do this, you do not need to have special knowledge or have a large start-up capital. Let's figure out how to become a trader from scratch and achieve success.

Features of the profession

A professional must be able to quickly respond to all changes that occur in the market. This is a rather complex field of activity that not everyone can master. Some people think that this type of work is somewhat similar to playing in a casino. But this is not entirely correct. It can be compared to the work of a seller in, since he, like a trader, is looking for answers to the following questions:

What is more profitable to trade;
When is it profitable to purchase goods?
How to get maximum profit.

These professions are united by one principle - how to buy cheaper and sell more expensive. A trader constantly risks money, so he relies not on luck, but on knowledge, discipline and professionalism. There is no routine in his work - making important decisions, carefully analyzing the market and his own results. All this is very interesting and exciting, especially when we are talking about big money.

Workplace

You can work on the stock exchange at any time of the day. There are high-class specialists who devote only half an hour a day to trading on the stock exchange and still get paid.

Thanks to modern technologies, the trader’s workplace is not tied to any specific geographical point. To do this, it is enough to have a computer with access to the Internet. Many novice financiers think about how to become a successful trader. You will get the answer to this question in this article.

Registration

Before becoming a trader, you must register with brokerage company. After this, you will have access to a free training account, using which you can learn all the basic principles of working in the foreign exchange market.

Register Personal Area should be in a reliable and trusted brokerage office. It is desirable that it be licensed financial institution, providing traders with guarantees, as well as various brokerage services:

Servicing trading accounts;
Input Output Money;
Transaction software;
Information Services.

Education

Before becoming a professional trader, you need to undergo special training. You will need basic knowledge of the structure of the global financial market. In addition, you need to familiarize yourself with the basic tools, learn how to make forecasts, study the main trading strategies and understand the psychology of trading.

Initial training can be obtained at free courses. This will allow you to master the basic terminology as well as gain a general understanding of how to become a stock trader. After that, take paid courses.

You can also take lessons from professionals who have extensive experience in the financial market. They constantly improve their skills by communicating on various specialized forums, so they can provide you useful information. If you want to learn how to become a trader from scratch, video training can be done online. This is especially true for those people who do not have free time to attend courses.

Start-up capital

To start trading on the stock exchange, it is enough to have 1 dollar in your hands. But you shouldn’t quit your main job right away, since with such starting capital you can only open a brokerage account to conduct transactions on the stock exchange. It is impossible to get a significant income from such a tiny amount.

To understand how much money you need to make a stable profit, you should focus on the profitability of experienced traders. A good result for professionals is 10% per month. Beginners will have to work hard to achieve such profits. To avoid losing your first deposit, you should use demo accounts. This will give you practical experience. First, learn how to make a stable profit on a cent account, after which you can switch to a dollar account.

Video on the topic Video on the topic

Types of trading

Often beginners are interested in how to become a trader in the stock market and how profitable such activity is in financially? The main feature of the stock market is its calmness and high prices. This is the safest way of trading, since here a large company cannot go bankrupt instantly. To trade on the stock market you will need a large starting capital. Money is needed to buy futures and stocks. Stock traders have more free time to think about trading strategies;
Binary traders are professionals who earn huge amounts of money using the strategies they develop. In addition, they know how to work with a news calendar and manage own capital. Before becoming a trader binary options, you need to learn how to do technical and fundamental analysis. This is a very important stage that should be given special attention;
Currency traders work with different trading instruments. These can be the main currency pairs that are traded through the dollar, as well as crosses. These currency pairs do not use the dollar for exchange;
Commodity traders are somewhat reminiscent of a closed elite club. They control almost half commodities existing on the market. Such professionals make huge profits from revenue every year.

Basic mistakes of newbies

If you are interested in how to become a trader and make your dream come true, you need to avoid the mistakes that all beginners usually make in this business.

People who decide to become traders do not always really understand how much effort they will have to spend to get a positive result. In most cases, newcomers are attracted to success best traders and the ability to work anywhere and anytime. In fact, trading takes much more time and effort than a standard working day.

Who is a trader

A trader's job is to speculate on the stock market. In other words, he tries to buy cheaper and sell more expensive. A trader's earnings are the difference between the purchase and sale prices. A trader can trade currencies, stocks, options, and raw materials. Any financial market participant can be called a trader.

Many people are attracted by the apparent simplicity of a trader’s work. In fact, a trader cannot earn anything without constant self-improvement and self-control. He always analyzes the market, studies, and improves his strategy. At the same time, the trader experiences strong psychological pressure, being between greed and temptation.

The mechanical trading system helps to cope with emotions in many ways.

Trading in the financial market is an exciting and prestigious activity. If you create a generalized portrait of a trader, you will get a person with a broad outlook, engaged in constant self-improvement and able to profit even from a losing trade.

How to become a trader

Modern Internet technologies allow anyone to become a trader. For this you need a little:

Set up a workplace. All you need is a computer with Internet access. Access to international markets you will receive by installing a special software or trading platform;
Gain access to markets. To do this, you need to choose a broker, open an account and get a trading platform from them;
Complete training. The minimum set of knowledge of a trader includes trading tools, financial market structure, trading strategies, analysis and forecasting of market dynamics, trading psychology. The easiest way is to sign up for specialized courses. It’s better to start with free lessons, where a novice trader will get a general understanding of the market. People for whom trading has become a profession study throughout their lives;
Open a brokerage account. This requires start-up capital. His minimum size equals 1 dollar. This amount will allow you to start making transactions, but you won’t be able to get any tangible income. A ten percent profit is considered very good indicator for an experienced player. Having $10,000 in your account, you will only be able to earn $1,000. A beginner will lose several deposits before receiving a stable income. To practice, it is better to use a demo account for the first time, then switch to a real cent account, and then to a dollar one.

Technical analysis for a beginner

The most common way to analyze the trading situation on the market is technical analysis. It is best suited for a novice trader. Its essence is that the market repeats itself, and price behavior can be predicted in the future. For this purpose, various technical indicators, neural networks, wave analysis, candlestick analysis. A technical analyst uses only price charts.

To successfully use technical analysis, you must accept its postulates:

the price moves according to trends. There are three types of trends: up, down and sideways. The trader must determine the direction of the trend and make transactions in accordance with it;
the market movement repeats, it reacts to the formed patterns in the same way as before;
All information about the market is accumulated in the price. It incorporates traders’ expectations, forecasts, and news.

Traders who prefer technical analysis are not looking for an answer to the question: why the price changes occurred. Fundamental analysis is initially embedded in technical analysis.

Trading strategies of professional traders

Without a well-prepared and proven trading strategy, a trader will not be able to achieve stable positive results. Trading without a well-thought-out plan, based only on intuition, always leads to loss of money.

There are many strategies with detailed descriptions, developed by professional traders. Most of them are built around the following three strategies.

Trading using moving averages or moving averages. Moving averages allow you to determine the trend prevailing in the market at a given time. The system for working with this strategy is simple and works on any currency pair. The strategy is based on the intersection of two moving averages: fast and slow. The special Moving Average indicator greatly simplifies calculations
Scalping strategies are very popular despite their riskiness. They are often chosen by beginners. The principle of scalping is to conclude as many transactions as possible in a minimum trading period. At the same time, the profit of one transaction can be only a few points, but with a large volume of transactions it increases hundreds of times.
Level trading is the basis of many strategies. This style of trading is both simple and effective. The analysis is based on support or resistance levels. These are the key points after which market participants reverse or stop the price movement.

How much can a trader earn?

It is not difficult to find out the amount of a trader’s earnings in Russia. Just look at the traders’ statistics on the brokerage company’s website. There may be indicators of 200%. Real situation Such figures do not reflect the case. With a certain amount of luck, such an indicator can be achieved, but it is better to look at statistics over a long period.

An experienced trader is able to receive up to 90% per annum. But it also happens that a trader earns up to 300% per annum, and in bad periods the profit can be equal to interest rate regular bank deposit.

The amount of earnings is individual for each trader. There is no guarantee that a trader will receive a stable profit every month. There are several factors that influence profit margins.

Amount of funds in the account

If a trader’s capital is a couple of hundred dollars, then he won’t be able to earn much. For example, with a capital of $100 and a profit of 8%, monthly earnings will be only $8.

Having a hundred thousand dollars in the account and the same profit of 8%, the trader will earn 8 thousand dollars. How more money on deposit, the higher the earnings will be.

Trade efficiency

The profitability of trading on the market directly depends on the effectiveness of the chosen strategy. Experienced traders can make 100% profit in a year. A beginner will not be able to immediately get such a result. The experience and individual qualities of the player will help you choose an effective strategy that brings a stable income.

Risk

Beginners should pay special attention to risks. Having the same amount of money in their account, two traders working using the same trading system, but with different risks, will earn unequal amounts of money.

In an example it looks like this. Two players have $10,000 in their accounts. The first trader risks only 1% of his capital in each trade, and the second one 10%. As a result, having made 10 profitable trades, the first trader will earn only $1,000, and the second, $10,000. And if players, on the contrary, make 10 losing trades in a row, then the first trader will lose only a thousand dollars, and the second will lose all his money.

The higher the risks, the greater the profit and vice versa. Nose high percentage risk, you may be left without money at all. For a beginner optimal size considers the risk to be no more than 4%.

The best traders in Russia

The leader of the list of the best traders in Russia is Alexander Rezvyakov. He began his work at the market by visiting simple courses By stock trading. Having achieved a stable 3% profit per month, he began to select the most profitable strategy. In 2014, Alexander set his own record, earning 1,387,200 rubles in one day in public transactions during the seminar, which is 128% of the profit. Now Alexander Rezvyakov conducts his own courses for everyone who wants to learn how to make money on the Forex market.

Roman Vishnevsky is now one of the managers of the United Traders company, which he organized together with his partners. He began to take his first steps in trading by getting a job at the Moscow representative office of a Canadian prop trading company, and earned his first million dollars from financial crisis USA in 2009. Roman’s own record is a break-even trading series that lasted 33 months.

Stanislav Bernukhov has no special education and once again confirms that only perseverance and constant practice can lead to stable level arrived. He started working on the Forex market in 2004 and at first tried to apply all possible strategies that he found on the Internet. Not getting the desired results, he developed his own trading system, and then a training course. You can find many free webinars from this trader on the Internet.

Eric Nyman and Alexander Elder could be on this list. Eric Naiman, although born in Novosibirsk, later left for Ukraine. He has written many books on trading, investment and risk management, with a total circulation of over 40,000 copies. Eric currently teaches at the Kyiv Business School.

Alexander Elder is a doctor by profession; he emigrated to the USA back in Soviet times. In New York, he opened his own psychiatric clinic, but then became interested in stock trading and founded the Financial Trading Seminars company. His book “How to Play and Win on the Stock Exchange” became a bestseller in Russia.

How to become a successful trader

According to market statistics, no more than 10% of traders are successful. The remaining 90% are losers. How to save your deposit and become a successful trader?

Most of the unlucky traders trade on short-term charts. Their mistake is the wrong choice of timeframe. Such traders do not plan their trades, but simply open a position when an opportunity arises. Traders are forced to use such trading tactics by the lack of sufficient funds on deposit. You won't be able to make a lot of money on short-term charts. Trading on long-term charts is much more profitable. The dependence here is simple: the greater the trader’s capital, the higher the likelihood that he will stay afloat and make money.
If a trader uses a variety of systems and indicators without understanding their mathematical essence, he will not be able to achieve success. Successful traders are well aware of the importance of using a computer in their work. With its help, you can process a huge amount of data in the shortest possible time. To succeed in the market, you need to understand all its features. There are no trifles in trading.
It is difficult for a trader to succeed if he constantly spends a lot of time trying to predict what the market will be like tomorrow. A trader makes a profit when he analyzes the current situation and does not think about how he will act tomorrow. All further actions always depend on the situation that exists today. If you ask any successful trader what will happen to the market tomorrow, he will simply shrug his shoulders. It doesn’t matter where the market goes, you need to be able to adapt to it.
To be successful, a trader must constantly analyze his unsuccessful trades. This will help you avoid similar mistakes in the future. A loser basically considers only profitable trades and tries to forget about failures.
Emotions interfere with success. They do not allow you to make the right rational decision. A successful trader will never let emotions take over.
Having failed, many traders abandon their practices and begin to look for a new trading system. Constantly rushing from one to another will not lead to success. Before you abandon your system, you need to analyze the problem. A successful trader always works with several trading systems. And if one doesn’t work, then the other will.

It's the 21st century, and many types of investing are no longer as attractive as they once were. Now, more than ever, there is a need for a new type of investment and making money. For many, international financial markets are unknown, on the platform of which one can earn serious income. Their participants are traders who trade various financial instruments in order to make a profit from the difference in their costs. But how to become a trader from scratch?

To do this, you must, first of all, equip yours with a computer or laptop that has uninterrupted access to the Internet. Some professional traders use multiple monitors to obtain information from different exchange platforms. For comfortable and convenient trading anywhere, wherever you are, there are mobile gadgets. It is enough just to install certain

It is also necessary to ensure access to international financial markets. To start trading, you need to gain access to trading platforms and register a brokerage account.

Choosing a brokerage company

When choosing a brokerage company, you must consider the following factors:

The company must have required package documents permitting this type activities in accordance with the legislation of our country, including a license.
The time of existence of the company, its experience and reviews about it are also important. To obtain reliable information about the broker, you need to find the company’s official website and read the terms and conditions it provides.
The broker must provide access to trading platforms for all types financial instruments. For example, a client wants to trade currencies, then the broker must provide access to the interbank foreign exchange market, and when trading on the gold/silver pair, to the spot market.
The terms of service dictated by the broker are also important. They must guarantee low percentage for the provision of leverage, minimal spreads, small commission for deposits and withdrawals of funds. The broker must also provide a trading platform.

How to choose a trading platform?

First of all, you need to test all the proposed trading platforms. A demo account with virtual funds will help with this.

All trading platforms can be combined into three groups:

Software for computers with its subsequent installation.
Software for laptops. These are browser versions that do not need to be installed on a PC.
Software for gadgets. It is intended primarily for tablets and smartphones. Unlike the previous ones, it is limited in its functionality.

The most famous and widespread trading platforms among Russian traders are QUICK, MetaTrader, Web2L, Mirror Trader, Markets Trader.

Knowledge and skills

To become a trader, you must have the appropriate knowledge and skills (trading strategies). In order to develop your tactics, you need to get a feel for the market and study all types of analyses. The stock trader's primary use is to show major economic and political news. And then he examines the charts, using technical analysis with various computer indicators. Only such knowledge and the ability to predict price dynamics make it possible to understand the specifics of this

But in order to still figure out how to become a trader from scratch, it is recommended to enroll in training courses. Professional brokers or managers will help you learn basic terminology and show in practice the most successful trading strategies.

Trader courses include both distance learning and face-to-face training. By studying at home, it is possible to gain the basics of trading without wasting too much time. But gaining knowledge and information through direct communication with a specialist will allow you to communicate with other beginners and current specialists in this field, attend master classes with analysts and the best Forex brokers.

To become a trader, investment is required. At the initial stage, it is recommended to start trading on a demo account in order to understand the specifics of price dynamics, market psychology and, importantly, not to lose your funds. To understand how to become a trader from scratch and not incur losses, you need to adhere to discipline in your work. Profit on Forex is not Russian roulette, where the question is a person’s luck; it is a strictly calculated tactic that takes into account the nuances of price movement, skills, abilities and, accordingly, discipline.

Basic rules for trading

Particular importance must be paid to your own organization and psychological stability. This manifests itself when closing positions (it doesn’t matter whether they are positive or negative orders). When closing profitable transactions, greed may appear. Then the Forex trader, despite any signals for a trend reversal, will continue to wait for more and more profits, which will lead to serious losses. When closing negative positions, lack of discipline and excessive worry about your funds can also negatively affect the result.

A Forex trader is a businessman who is the only boss of his business and himself. Therein lies the catch. Few can boast of having self-discipline and not losing invested funds, you need to draw up a trading plan, which will spell out daily profits, trading tactics, and be sure to indicate stop losses and take profits. This will help you avoid making quick decisions difficult situations and will not allow greed or fear to turn a profit into a serious loss.

When starting work in the foreign exchange market, you need to take into account all possible risks. The most important thing is clear calculation and a cold mind, without emotions and ambitions.

The concept of trading strategy

A trader's school involves teaching certain things. They mean the basic rules and conditions under which a trader performs certain actions in the foreign exchange market. Each strategy has its own nuances and subtleties that you need to know and, importantly, understand. The choice is great, and it is sometimes very difficult for a beginner to decide. Before becoming a trader from scratch, he will spend a huge amount of time until he finds a strategy that suits him.

Along with the concept of “strategy,” the expression “trading system” is also found. A trader must know all specific terms. Full-time training involves examining this concept in practical classes. It includes a certain number of indicators, oscillators, methods of correct entry and exit from the market. Before becoming a professional trader, you need to learn these two concepts - " trading strategy" and "trading system".

Basic trading strategies

They can be divided into main subtypes:

trending;
flat;
indicator;
non-indicator;
algorithmic.

These types are considered basic, and taking into account their characteristics, certain strategies are drawn up.

Both indicator and non-indicator strategies can be trend and flat. A trend is defined in two ways. The first of them is based on lines that are plotted directly on the chart. The second is on indicators that allow you to identify the direction of price movement.

Algorithmic strategies are considered universal. They cannot be tied to one instrument. They work in both trend and flat tactics.

Indicator Strategies

This includes trading tactics using indicators. There are standard types of them, such as moving averages, oscillators, showing the volume of transactions and participants in the market. There are also custom indicators that are developed by professionals. A trader should understand all this well. Training with competent specialists will help you understand everything.

Non-indicator strategies

When trading using this tactic, you only need to determine the direction of price movement; accordingly, for this you will need trend lines that are drawn directly on the chart. They have two bases - support and resistance lines.

Before becoming a professional trader, all beginners learn to correctly identify a trend and draw lines that define it. The indicator-free strategy represents unique and interesting theories and various techniques. Beginners in trading should study, develop and apply them to create their own arsenal of trading tools.

There are variations of this strategy:

Trading to break through and rebound from the resistance or support line.
Trading with patterns that are divided into trend continuation and trend reversal patterns. The latter include head and shoulders, inverted head and shoulders, double bottom, double top. Trend continuation figures are considered to be a triangle, a flag, and a pennant.
Candlestick analysis. This may include various and their combinations.

Best Trading Strategy

The best traders in Russia and abroad under optimal strategy imply one that the beginner has fully accepted, worked through and tested in practice.

There are also types of trading:

trading one day, when several transactions are performed during this time;
short-term trading, when transactions last several days;
medium-term trading, when positions can be opened and closed throughout the week or month;
long-term trading, when so-called investing in currency occurs, and transactions can last for several years.

It is the trader’s school that will help you decide on your own trading tactics and teach you how to master the basic instruments present in trading.