How to Get Started with Trading as a Beginner

Beginner
W
Willem Purmiasa
22 May 2019, 08:54 126 Views

I am a beginner interested in FBS and I am currently seriously studying about FBS Client Agreement Regulations. Please provide a step-by-step explanation to become a Trader. Thank you for the explanation.

1 Answer

M
martin 23 May 2019, 15:53

@ Willem Purmiasa:

Do you want to open a real account?
If yes, have you already learned to practice trading on the FBS demo account? If not, it is best to practice first on a demo account, to understand the trading conditions at the FBS broker.

Basically, the stages of becoming a trader are:
1. Knowing the basic knowledge of trading including how to analyze to determine buy or sell positions.
2. Mastering the use of the trading platform. In this case, Metatrader 4 or Metatrader 5 from the FBS broker.
3. Finding methods and strategies that can generate consistent profits within a certain period of time. For example, for every 50 trades, what percentage of profit is there.
4. Using money management to manage risk and profit expectations in the long term, by applying a measurable risk/reward ratio.

In general, please read: How to Learn and Master Forex Trading

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