What is the best strategy for a beginner to become a successful Forex trader?
As a beginner, trading Forex is full of risks. 99% of the Forex traders fail in their first Forex trade. Only 5% of the rest will survive within two years. Reason for this is the lack of knowledge in Forex.
To become a successful Forex Beginner, one must need to fulfil the following things.
Proper knowledge in Forex Basics.
Ability to make accurate predictions using Forex chart analysis
(Tutorial 4 and 6)
Knowledge in the correlation between a country’s currency price and economic factors affecting a country. (Tutorial 3)
A Clear idea in Forex Disciplines. (Tutorial 8)
Tips from professional traders to avoid risk factor in Forex. (Tutorial 10)
iDoForex beginners guide provides a complete set of tutorials for Forex beginners who are interested in earning profits.
You have shared a good instruction for forex beginner. Thanks.
Never forget to use demo account, i.e. a trading account with monopoly money directly connected to the live market. Trades in real time and correspond to what would be true losses and benefits if the money were real.