Forex trading tips for beginners. For those of you who are new to the currency market (forex) business, you need to prepare yourself as well as possible to face a number of obstacles that will be encountered. That's right, the forex business does not promise you can reap as much profit as possible. In fact, don't dream of becoming a billionaire in just one day.

It takes a lot of learning and practice from success or failure to become a successful trader. In this article, we will discuss trading tips based on our experience. Well, especially for you beginner traders, we provide simple tips to be more prepared to face various obstacles in entering the world of trading. Armed with these simple tips, you can become a better trader, especially mentally. Here are forex trading tips for beginners from our experience:

1. Forex Trading is Not Gambling

Forex trading is a place for those who like to invest, not for people who just want to get as much money or as fast as possible. Maybe luck will give good results 1x or 2x, but in the long term only by learning and analyzing you can succeed in forex trading.

2. Never Stop Learning

Before you start making a deposit to your trading account, we recommend that you use a demo account. (prices and chart movements are the same as a real account but no money) This is important, and almost all professional traders use this feature when they are new to trading. Learn how to analyze forex before you open a real account.

3. Find a Trusted Broker

In Indonesia, there are many investment platforms and even forex brokers who say that they can be trusted, but in fact, until now there are still many traders who complain that they have been cheated out of tens or even hundreds of millions of rupiah by investment platforms and even forex brokers.

Therefore, it is important to find out which investment company/broker suits your trading style. Don't forget to also find out what the philosophy of the broker is and the features and services they offer. By choosing the right broker, you can trade calmly and be sure that your investment funds are not taken away/cheated.

4. Pay attention to trends

Trend is the direction of price movement that occurs, meaning there will be a tendency for the same thing to happen for some time to come. You can continue to make a profit just by paying attention to the current trend. In general, when the trend is going up (Bullish), do not sell/BUY. However, when the trend is gradually going down (Bearish), do not buy/SELL.

The most important thing in trading/foreign exchange trading business is to make accurate predictions and analysis of the trends in the market, not to look for which trade is the most profitable. Traders who only think about how to make a profit in this business by looking for the most profitable trade will only see the profits they have evaporate and their losses increase over time. Please note the words above.

5. Take a Break

A trader is certainly required to be aware of the global/world economic situation and anything that must be analyzed every day. Sometimes this data will make you tired and exhausted. Don't force it! We highly recommend that you take a break, do a hobby and let your brain think about something other than forex trading.

This is important because a trader who has too much information tends to make mistakes. After taking a break, take a few steps back in the sense of doing things that make you feel comfortable. Do this for a while/time, then move forward slowly when you are sure or more confident.

6. There is no certainty in this business

If anyone tells you that forex trading is a sure thing, or a broker tells you that there is a special system or trick that guarantees you to make a profit from forex trading, then there is only one thing you should do: stay away from such people or brokers!

Like any other business, forex does not guarantee that you will make a big profit instantly. However, if you diligently learn from your mistakes and successes, it is not impossible that you will succeed more often than you fail.

7. Be patient

This is the most important forex trading tip!! Don't expect to get 100% profit from the investment issued in a short time. As a beginner trader, you will fail more often than you succeed. This is very natural! Continue to be patient in building an investment portfolio. You must manage your money carefully so that you are better prepared to face various turmoil in the forex business.

That's the discussion of forex trading tips for beginners. Keep up the spirit of learning and never give up... SUCCESS IS WAITING FOR YOU

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