3 Tips for beginners starting Forex

For beginners, you should first learn the risks of trading. Because many beginners like to open positions irregularly and don't know the risks of trading

You must use Stoplos because using it can reduce the risk

Very good tips and many more actually good tips for beginners such as for example don't check the open positions that you have done too often

if you do open positions, try to limit the allies to be the main factor

1. Start by learning the basics of forex trading. Understand the different currency pairs, how they are traded and the terminology used.
2. Have a plan and a trading strategy. Set realistic goals and decide how much capital you?re willing to invest.
3. Find the right broker for you. Research and compare the fees, features, and services offered by different brokers.
4. Set up a trading account and fund it. Use a demo account to practice trading with virtual money and get used to the platform.
5. Utilize risk management techniques. Use stop-loss orders, take-profit levels, and other tools to control your losses and maximize your gains.
6. Monitor and analyze your trades. Use charting tools, technical analysis, and fundamental analysis to track the markets and your trades.
7. Accept that losses are part of trading. Don?t let a losing streak discourage you?experience is the best teacher.
8. Stay up to date on the markets. Read financial news and use economic calendars to stay informed of market events.
9. Take advantage of resources. Use tools like trading signals and automated trading software to maximize your potential.

for me, always use a margin below 5% because it is more pronounced and minimal loss

Beginners must learn to calculate between the balance in their account and the lot they will use when trading