5 safe and profitable manual forex trading methods for beginners
Forex trading is a forex asset trading activity carried out by a group of people or individuals with the aim of obtaining a final profit.
Can you understand it well? Well, now it's time for us to get into the core of this discussion about how to trade forex manually for beginners, the safest and most profitable.
The safest and most profitable manual forex trading method for beginners
How to trade forex
1. Choosing a forex trading platform
Before you start trading, you are required to choose a trading platform first. What is the best forex trading platform?
We recommend using a platform or broker that is trusted and has world-class security quality, because buying and selling shares requires a large amount of capital and you certainly don't want to lose it. You can check here the OJK stock investment application
Choose a platform that is responsive and according to your needs, that way you will be smarter in this trading activity, because each trading platform has its own advantages with various features on offer.
2. Create a Forex Trading Account
If you are still in the stage of learning to trade, it would be nice if you used me demo first for the first step in learning forex trading.
For how to create an account, you can follow the directions from the platform you choose, fill in all the registration fields correctly so that later your account can be verified.
Terms of trading account in Trima or verified:
Have a valid ID
Have a family card
Over 18 years old
Have an active BANK account
Accept the terms and conditions of the platform
After you have completed everything properly and correctly, within 1x24 hours the account you registered will be verified immediately.
3. Learn the ups and downs of forex trading values
This stage is very important and can be a factor in the advantages and disadvantages of the trades you make.
You can understand this method using the statistics feature on the platform you are using, where you can clearly see forex price statistics from year, month, day, hour, to minute.
4. Use the best forex trading strategy
The use of the right strategy and the right steps will increase your chances of making a profit and not suffering too much loss.
There are 2 strategies that we will provide here, namely short-term trading strategies and long-term trading strategies.
Short term forex trading strategy
If you want to use this method, make sure you have mastered reading the price statistics of forex stocks.
Because if you use the short-term forex trading method, your holding time will be faster.
The advantage of short-term forex trading strategies is that they earn faster because the time is very short.
However, the disadvantage of this method is that the amount of profit is small and the risk of loss is greater.
Long term forex trading strategy
If you are still a beginner in the world of trading, it would be better if you use this long-term forex trading method.
Because the level of loss is less and the profit that can be generated is greater, and the method of implementation is fairly easy, you only need to hold the position when the forex price statistics are low, then you just have to wait for the value of the forex price to rise beyond the trading position you bought.
5. Be patient when trading forex
Why do we have to be patient when investing in forex stocks? Because the value of forex stocks can change at any time starting from seconds, minutes, hours, days, months and even years.
Therefore you have to be patient so that the results you get can be maximized and avoid losses.
Analyze well statistical movements, hold positions at the right time, namely when forex prices fall and release positions when forex prices rise more than the position you bought.