How To Start A Forex Trading Business

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Did you know how to play forex is right and safe, of course with good risk management. Forex is a business that never separated with the name of risk. So for those who are not really ready to enter the business there is no harm to reconsider your decision.

Main Forex or also known as forex play is an activity of buying and selling currency transactions (eg GBPUSD, EURUSD, GBPJPY) with the aim of making a profit. The trader is called a trader, and a trader needs a broker to be able to hold transactions in the forex market.

In summary you need some things below to be able to do forex business. We have summarized and gathered the various needs you need to have in order to participate in the market.

1. PREPARE PC OR SMARTPHONE

PC or smartphone is very important in supporting your trading activities.

One of the main media in playing forex is pc or smartphone. Because forex is one type of online business, it is obligatory for your device to connect to the internet.

Then after connected to the internet, make sure you install metatrader software.

For techniques in this case there are already special articles that discuss about the metatrader of the function and also guide the guide.

2. MAKE SURE THE ID card (POWDER CARD)

Do not forget that you must have ID card to enter in this business realm.

KTP is the identity card of each citizen of Indonesia. Generally ktp will be owned when someone is 17 years old.

What is ID Card Function For Trading?

In trading you need a broker. Broker is a company or individual that connects trader with market or forex market. An individual trader can not enter directly into the market without going through a broker's services or services.

ID card function is very crucial that when you sign up to a broker, you will definitely go through the verification stage that is validate your data when registering with the data themselves on your identity card.

3. PREPARE ACCOUNT BOOKS

A trader must have an account book in the bank.

Why?

Because for the deposit and withdrawal must go through the bank, except some brokers who do not support payment and withdraw local banks must use virtual money, or electronic money such as netteler, fastapay, and also paypal.

Keep the account book the same as your ktp, sometimes there are brokers that require verification of account book identity and ktp same.

4. CHOOSE THE BEST BROKERS

Do not just pick and choose any broker.

Of course have heard the term b

Ahwa everything in create paired pair. So even in forex, especially for traders their partner is a broker.

Not a few traders and even IDRForex team who had experienced a bitter experience with the brokers. Fraudulent brokers always have a way to make their trader loss or not profit.

5. USE YOUR STRATEGY

Strategy like a double-edged sword. Use your best strategy in forex transactions.

Forex trading strategy that you are using, can be a double-edged sword that can slice yourself.

There are many even hundreds to thousands of trading strategies out there, but do you need to use and try everything?

Certainly not.

Each strategy has its own advantages and disadvantages, the most important is that you are comfortable and fully understand when using a Forex strategy.