How to Start Forex Trading

What are the financial markets?

 

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

 

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

 

On this page, you will learn the basics 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 learning the different factors that may influence trends, knowing how to analyze the market environment, and a lot of practice.

Get started for trading online

To start forex trading with RoboMarkets, you will have to create your Members area space and sign up. Thereafter, you can open a trading account suitable for your purposes.

Open AccountMore detailed instructions on how to open an account

Where can I download a trading terminal?

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

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

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

Read more

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

Read more

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

Read more

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

Read more

What instrument to invest in?

RoboMarkets clients have reliable access to a wide range of the most popular assets, such as Forex and Stocks ‚Äď in total more than 12,000 trading instruments. You can choose a more attractive asset (stock trading or forex trading), or diversify your portfolio by investing money in several different assets (foreign exchange, index funds, individual stocks, etc).

More about assets

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

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

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 predicts 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 of your interest.

Click ‚ÄúNew order‚ÄĚ on the trading terminal panel, specify the order volume, as well as the Take Profit and Stop Loss levels.

Click ‚ÄúBuy‚ÄĚ or ‚ÄĚSell‚ÄĚ depending on the chosen order direction.

Congratulations! Your order has been opened!

You will now 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 StocksTrader, 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).

Start Trading

What may help in learning how to trade?

 
RoboMarkets Analytics centre

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

 
Educational videos

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

 
Online course on trading stocks

Major instruments and strategies to use on the stock market.

 
Trading community experience

Experienced traders speak about what should be paid attention to when starting trading.