Q: Hello. I am a beginner. Can you please tell me the best place to start when trading forex?
Answer: Hello, thank you for your interest in forex trading and for your question.
If you are new to forex trading, it is important to start by learning the basics correctly. This will help you avoid unnecessary risks and build a solid foundation for your future in investing. Here are a few steps we recommend you take:
- Learning the basics: Familiarize yourself with the basic concepts of forex trading such as currency pairs, pips, lots, orders, etc.
- Market Analysis: Understanding the basic methods of analyzing the market - technical and fundamental - will help you make better informed decisions.