How to start Currency Trading?

What are the financial markets?

 

Financial markets are global platforms where mobilization of capital takes place and some market assets are exchanged for others. The Forex market, where currency pairs are traded, is a striking example of a financial market.

 

Individuals that participate in trading on financial markets to their own advantage are called traders.

 

On this page, you will learn what is necessary for starting to trade and what knowledge is required for making your own investment portfolio and creating a unique trading strategy.

What does a trader do?

 

The trader’s goal is to predict changes in the price of their chosen asset and make a transaction at the right time. To do this requires to know how to analyze the market environment, learn different factors that may influence trends, and practice a lot.

What is necessary for starting to trade?

To start trading on financial markets, you will have to open a trader’s Members Area and a trading account suitable for your purposes. In addition to that, you need to choose and install a convenient trading terminal.

Open accountMore detailed instructions how to open an accoun

Where can I download a trading terminal?

RoboMarkets clients can use some of the most popular trading platforms in the industry. All of them can be found in “RoboMarkets Download center" section on the Company’s website or your Members Area.

Choose the most convenient terminal and install it on your PC or mobile device. Moreover, all platforms have web versions, which require you only to run your familiar browser.

A classic platform that is very popular with the trader community.

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An updated version of MT4, upgraded with useful cutting-edge tools.

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A multi-asset platform that provides access to more than 12,000 highly-demanded instruments.

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A web platform designed by RoboMarkets for fast and comfortable trading on MT4-based accounts.

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What instrument to invest in?

RoboMarkets clients have reliable access to a wide range of the most popular assets: Forex, Stocks, Cryptocurrencies – in total more than 12,000 trading instruments. You can choose a more attractive asset or diversify your portfolio by investing money in several different assets.

More about assets

How much money do I need to have to start trading?

To start trading at RoboMarkets, you have to deposit the minimum sum to your account, 100 USD / 100 EUR.

Deposit funds

How to buy or sell on financial markets?

Through the example of the Forex market.

Types of orders

 

Buy (long position)

This type of order is opened when a trader believes that the traded asset rate is going to rise

 

Sell (short position)

When a trader opens this order, they believe that the financial instrument price is going to fall

How to open an order?

Choose a currency pair you’re interested in.

Click “New order” on the trading terminal panel, specify the order volume, as well as Take Profit and Stop Loss levels.

Click “Buy” or ”Sell” depending on the chosen order direction.

Congratulations! Your order has been opened!

Now you will have to monitor changes in the traded instrument rate and then close the order based on your trading strategy.

To learn how to start working on Forex and other financial markets through R Trader, watch a video from RoboMarkets.

Created by RoboForex (CY) Ltd

What is a trading strategy?

A trading strategy is a set of rules developed by a trader for managing their trading operations. Every investor creates their own tactics, by defining the most suitable methods of analysis (fundamental or technical) and duration of orders (short-, mid-, or long-term), and applying additional tools (trading signals, automated strategies).

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What may help in learning how to trade?

 
RoboMarkets Analytics center

Convenient access to all up-to-date information about financial market conditions.

 
Educational videos

A free-of-charge course on the basics of trading on the Forex market.

 
Online course on trading stocks

Major instruments and strategies to use on the stock market.

 
Trading community experience

Experienced traders tell what one should pay attention to at the start of their trading career.