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 accountWhere 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.
What instrument to invest in?
RoboMarkets clients have reliable access to a wide range of the most popular assets, such as Forex, Cryptocurrencies and Stocks – 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 assetsHow 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 FundsHow 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 “New order” on the trading terminal panel, specify the order volume, as well as the Take Profit and Stop Loss levels.
Click “Buy” or ”Sell” 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.
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 TradingWhat may help in learning how to trade?
Convenient access to all up-to-date information about financial market conditions.
A course on the basics of trading on the Forex market available free-of-charge.
Educational articles by RoboMarkets experts, and weekly market analysis.
- How to start trading
- What are the financial markets?
- What does a trader do?
- Get started for trading online
- Where can I download a trading terminal?
- What instrument to invest in?
- How much money do I need to invest to start trading?
- How to buy or sell on financial markets
- How to open an order
- What is a trading strategy?
- What may help in learning how to trade?