If you decide to start investing, imagine that you are going on a long car trip. And before you get behind the wheel, there are a number of important things you should consider.

Where are you going? What are your financial goals?

How long do you expect to be on the road? What is your investment horizon? Do you want profit tomorrow or are you willing to wait a few years?

What should you take with you on your trip? What would you like to invest in?

How much gasoline should I put in the tank? How much money can you allocate now and in the future to achieve your goals?

Will there be a stopover? Do you have short-term financial needs?

How long do you plan to stay at your destination? Will it be necessary to live only on investments in subsequent years or will there be additional income?

Until you have given yourself clear answers to these questions, you should not leave home. The probability of getting there, of course, remains, but the risk of getting stuck somewhere along the way is growing.

Similarly, investing does not tolerate negligence in planning. Accurate numbers in your initial plan are the key to a meaningful path later.

Like almost any long-term journey, investment requires initial capital. And there are several important points here. First, you should invest only a very small portion of your available cash in the stock market (for example, 20% of your savings). Secondly, there can be no question of “borrowing from friends, taking a loan from a bank, quickly earning 50% per annum on the market and being happy.” You cannot trade with borrowed money! Because risks are present in any case, and if you are weighed down by the need to return the initial capital to creditors, this will lead to psychological discomfort and a number of mistakes. Only for your own and only for a small part of your savings.

Step one. Education

Of course, it’s difficult to drive a car if you don’t know the rules of the road and it’s your first time behind the wheel. Therefore, we recommend starting with training. To get started, read any book on stock trading. Of course, you will not learn to trade from one book - no matter how brilliant it is - just as you will not learn to write poetry by reading the colorful and understandable “Primer”.

For our part, we can offer a large number of educational materials on a variety of topics in a section on our website. We can also offer beginners brief instructions on which topics are best to start mastering the investment craft. To do this, you can read a special review I am new to the stock market. Where to begin.

In addition to educational materials, if you wish, you can find a whole range of courses on the stock market for beginners. The beauty of technology is that today you don’t have to rush after work every day for evening in-person classes - you can take training online, often even for free. Here you can learn more about different stock market trading options.

Step two. Opening a demo account

During your first steps on the market, we recommend not to neglect demo trading. Even if the funds allow you to spend a significant amount on gaining experience and testing various strategies, there are a number of nuances that do not require material costs.

At a minimum, as part of educational trading, you will be able to study the trading terminal, see real orders, “get your teeth into”, and correct minor technical errors when testing trading ideas. And all this without risk and absolutely free.

Step three: Choose a broker and open a real account

Any time you feel you are ready for the real market, simply open an account with the broker of your choice, deposit money and start trading. However, do not rush to deposit the entire available amount: there is one important point that is often ignored and then paid dearly by beginners - psychology. It is this that often becomes a stumbling block for inexperienced investors. Just believe me: trading with real money is fundamentally different from trading with candy wrappers. You will inevitably encounter a number of psychological traps that will interfere with the implementation of your trading plans. To understand and overcome all psychological barriers, it is very wise to invest real money at the initial stage, but in small amounts. Even small losses will give you an idea of ​​what trading psychology is all about. In doing so, you will learn valuable lessons with virtually no threat to your account.

One of the most important steps is choosing a broker. Just as the choice of a car for a long trip affects the final success of the event, the choice of a broker determines the range of your options in the investment process. Choose according to parameters that you understand: ease of opening an account, commission size, initial investment amount, trading platforms, etc.

For example, BCS Broker offers beginner traders a tariff "BCS-Start", which allows you to test various company services and get acquainted with the advantages of the stock market. The tariff, for example, includes reduced commissions for the first 30 calendar days, as well as the possibility of personal consultations with the company’s stock trainers.

Opening an account today is very easy. As a rule, you don’t even need to visit the offices of brokerage companies to do this. A number of them offer to open an account online by simply attaching copies of the required documents to the application. Carefully study the relevant section on the website of the selected broker or contact by phone/Skype, etc.

When the account is opened, you need to decide on the software. Various companies offer their terminals for trading on the market. The most popular and functional program for work on the stock market - QUIK. There are versions of this program not only for a personal computer, but also for the web, and even iQUIK for iPhone and iPad. In any case, the broker you choose will be able to recommend a particular platform and even teach you how to use it.

Step four: Choose your strategy

At the beginning of the text, we planned a trip by car. However, it is never too late to change your mind and get to your desired destination by public transport - bus, plane, etc. You just need to buy a ticket. When it comes to investments, you can also refuse to manage your money yourself - just get on a bus like this (buy, for example, a mutual fund) and relax and watch out the window, waiting for them to take you to financial independence. The path can be winding, long, with a number of stops, and all decisions are made by the driver (manager). When you are driving a car, only you watch the road and choose the route, i.e. those financial instruments that will help you earn money, and the strategy for working with them.

As part of this approach, since 2018, BCS has been offering investors a unique innovative product - trading recommendations based on data from artificial intelligence, which are analyzed using a special software package Risk Assessment Innovative System (RAIS). To gain access to one of the most modern investment instruments, you must connect to a special tariff

Over time, you yourself will probably understand what you are missing in working on the stock exchange. You may need expert help (a broker can provide trading recommendations, and there are also a number of communities where you can

How to trade and make money on the stock exchange? Where to start learning stock trading for beginners? What are the features of trading with a minimum deposit?

Good day, dear readers of the HeatherBober website! Alexey and Dmitry are with you, today we will talk about trading on the Forex currency exchange for beginners and analyze the top five brokers.

Understanding the material provided below will help remove the dark veil from stock trading and enable beginners to feel much more confident in the market.

So let's get started!

1. Features of trading on the stock exchange

To characterize the features of trading on the currency exchange, we first classify the financial market as a whole. It has three large segments: exchanges goods, shares(stock) and currencies(Forex).

We will talk about trading in the stock market later in the article “”, here we will indicate the features of the Forex market.

The first important point - Forex is nowhere not localized, that is, there is no specific building in which traders gather to trade.

I receive a lot of questions from people who want to start trading on the stock exchange and make money through speculation. They ask for a vector, a sequential algorithm of actions. In this article, I will tell you without embellishment and give answers to questions about what you need to know and where to start trading on the stock exchange.

Exchange trading is becoming more and more popular in Russia and the CIS countries. Everyone is interested in how to make money by speculating in the stock market. To inexperienced people, trading on the stock exchange is perceived as an opportunity to earn easy money. Or, on the contrary, those who are of an older background and have experienced all the delights of financial pyramids from the times of MMM treat the stock exchange in the same way as another money scam.

The point of view of both people has a right to exist, but has nothing to do with reality. Trading on the market is a legal activity with its own rules and procedures, supervised by government regulatory authorities.

Trading on the stock exchange attracts with its imaginary simplicity. Anyone who approaches business with such thoughts will subsequently suffer defeat, be disappointed, and never return to trading. Persistent and hardworking people achieve success. However, there is nothing new in this. This is the case in any business, only on the stock exchange there are no rental fees, penalties, difficulties with logistics, personnel and other things inherent in business in the real sector. All you need is a trading account and a computer with Internet access. That's it, you can already work and earn money.

If you are determined to start trading on the stock exchange, then carefully study this article. All this has been tested on myself and with my own money.

Initial settings

I repeat. The very first thing that a novice speculator must understand is that there is no such thing as easy money, there is no freebie, and the stock exchange is no exception in this regard. As with any activity, you will have to work hard to achieve results. There is no need to carry sacks here, nor load wagons. It will be necessary to work exclusively with your head. But believe me, it's worth it.

• Never quit your job, thinking that you will immediately earn a lot of money for your living by trading on the stock exchange. Trading involves risk. Here, money is both earned and no one is immune from losses.
• At the initial stage, consider trading as a hobby, but take this matter seriously. Additional income from speculation may well exceed your salary at your main job by several times. Potentially, endless enrichment is possible in trading. It just depends on your trading skills.
• Take your time. Try to do everything thoroughly and think it through to the end. A big mistake of novice traders is haste. I know a lot of stories when a person, without properly studying the subject area, started trading and lost to smithereens. Since it was not trading, but a game, no different from a casino. But trading on the stock exchange is not a casino, and you will have to pay for frivolity.
• Do not bring your last money to the stock exchange, which means a lot to you. Do not take loans for trading, and do not borrow. You should start trading with free amount.

Try not to advertise left and right that you have started trading. Pressure from outside is of no use to you at the initial stage. Do it for yourself, silently and calmly. You will sound the trumpet when you get positive results. Although you won’t have to blow the whistle, everyone will notice and start asking where you made your money :)

Realize that you will need time to study and gain experience to get results. It all depends on the individual characteristics of the person: his desire to learn and his desire to achieve results. Just try to be consistent in everything.

If you want to significantly save time on learning stock trading, then I recommend going through.

Domain learning

There is no need to invest money at the first stage, because... First you need to thoroughly study the subject area. Often, for beginners and those who want to “start getting rich quickly now,” everything happens exactly the opposite. They immediately take money to the stock exchange without studying the subject. It’s clear how such stories end - wasted money, time and nerves. It is necessary to understand what trading on the stock exchange is all about.

What you need to learn to trade on the stock exchange

You need to know the specifics of the exchange you are going to trade on.

• principles of operation of the exchange;
• tools of the trade;
• bidders;
• principle of price formation;
• due to which the price rises/falls;
• trading time;
• tool specifications,
• types of market analysis;
• etc.

In general, study your field of activity. As a rule, the website of the exchange on which you plan to trade is sufficient for this. All of the information listed above is publicly available there. In addition to the website, it would be a good idea to read additional literature about trading on the stock exchange.

Literature about the stock exchange

There are many books on stock trading. I read a lot of them, not counting the information on various sites and forums on stock exchange topics. Of all the books I've read, the books that stand out the most that I can recommend are:

1. . V. Tvardovsky, S. Parshikov - The only sensible book at the moment about trading on the Russian stock market from the founder of an investment company.
2. . Larry Williams - a book from a trader with a profit record and multiple winner of the Robbins World Cup of Championship of Futures Trading. He was a member of the Board of Directors of the National Futures Association.
3. . Linda Raschke, Larry Connors - An excellent book from practicing traders.
4. And . Jack Schwager - in the book, the author interviews the best managers and investors in America.
5. . Edwin Lefebvre - a book about the world's most famous speculator, Jesse Livermore. It was first published in 1923. And today it remains one of the most popular books in financial literature.

Choosing a broker for trading on the stock exchange

Broker is an intermediary between you and the exchange. With its help you can make transactions in the market.

After you have read the introductory data and studied the subject area, the question arises: how, having knowledge about the subject, make money on the stock exchange? At this stage, market analysis begins. Next I will tell you what is meant by this point.

Market analysis

Trading terminal

Market information is displayed to the trader in the form of a price chart. The chart can be viewed in the trading terminal. There are not many terminals provided by brokers on the Russian stock market. The most popular is the QUIK terminal. There is everything you need for trading. I am satisfied with everything about it, so I recommend it to you too. You can download the QUIK terminal on the broker's website.

If you want to trade currencies on Forex, then you will need to familiarize yourself with the most popular trading platform.

Each broker provides demo access to a trading terminal.

Demo account- this is an excellent opportunity to learn and test the functionality of the terminal in virtual trading mode. This is useful and necessary. I discussed in detail how to open a demo account and set up a QUIK terminal for trading.

The only and main disadvantage of virtual trading is that it does not reflect the full reality of what is happening, and does not affect your emotional component, which greatly influences trading. Therefore, I recommend opening a real account immediately.

Search for patterns

Money on the stock exchange is made based on patterns that tend to be realized in the future according to a certain scenario. At this stage, observation is required. You need to monitor the market and try to notice when the price behaves in a certain way. This is called a pattern, template, price pattern or signal. Many traders call it differently, but the essence is the same - after this pattern appears, the market behaves in a predictable way, which allows you to make money from it in the future. Just sit and watch. I recommend taking screenshots of the screen. At one time, I accumulated a whole collection. The main thing is to do all this diligently. You’ll get an eyeful and learn to feel the market well. Highly recommend!

There are no dogmas on the market, so do not treat the perception of new information as recommendations that are 100% correct. You should have a healthy dose of skepticism.

Now you’ve read the books, spent a fair amount of time watching the market, and analyzed your screenshots. You have formed a personal opinion about trading on the stock exchange. Next, based on the information received, a decision-making system is built, which is the trader’s tool for making money on the stock exchange.

Exchange trading

Now the question arises of how much money is needed to start trading on the stock exchange. It depends on your preferences and how much time you are willing to devote to the market. You need to clearly understand that trading in the market involves risk. To begin with, I would recommend that you take your time putting a lot of money into your trading account. This can be done as you gain experience and develop your own trading style. It is very easy to part with money on the stock exchange, but saving and earning money is not so easy. Therefore, take your time and do everything consistently.

The market provides opportunities every day, except weekends and holidays. Beginners have a very serious problem - they constantly want to be in the market, they constantly think about missed opportunities. Is being produced. It is necessary to approach trading with a sober outlook and take deliberate actions, and not under the influence of emotions. With experience you will understand all this, but for now just listen to my advice - take your time.

So, you have decided to try your hand at such an interesting and potentially profitable craft as trading. But you don’t yet know where to start your work, how to go from a beginner to an established trader with a minimum of financial losses and a maximum of gained experience. Then you have come to exactly the right address, because why go through the rake when others have already done it before you, in particular your humble servant.

And based on my thorny path, I want to give you not just a few tips on how to and how not to start trading on Forex, but to provide you with a step-by-step action plan, adhering to which, if you do not become a seasoned professional, then you will dangle helplessly in the ocean of financial You will definitely stop the markets, having found your course on the island called “Financial Well-Being”.

Well, or during the learning process you will simply understand that trading is not your thing and give up further attempts to master it, which, by the way, will also be a valuable decision. After all, in this world there are a lot of ways to make money, and from all of them you need to choose exactly the one that suits you.

Before we get started, I want to give one good piece of advice: don’t buy into the promises of paid courses to teach Forex trading. Believe me, there is nothing exclusive in them, there is nothing that is not freely available on the Internet. The only thing that these kinds of courses can give is an incentive to master them from start to finish for the simple reason that you paid a considerable amount of money for them.

And so, I repeat, all the necessary information on trading on the Forex market is abundantly presented on the Internet. This website “Trader's ABC” is no exception; by the way, new interesting articles are periodically published on it and in order to be constantly aware of these updates, I recommend subscribing (to do this, join us on social networks).

So let's get started:

Step one: Installing a trading terminal

Before you start building a house, you first need to acquire all the necessary tools. In trading, your main working tool will be.

It is through the trading terminal that you will maintain contact with your broker and submit orders to him to buy and sell financial instruments. Don’t worry, you won’t have to invest a penny of your money because, firstly, the trading terminal for trading on the Forex market is provided by the broker for free, and secondly, you will take your first steps as a trader on a virtual one.

In addition, if you plan to trade not only from your computer, but also use gadgets such as a smartphone or tablet, then also take care of installing the appropriate mobile applications. In this case, it would not hurt you to first check with your broker about whether he has these very applications available.

Step two: Training in working with the trading terminal interface

You need to learn how to work with the tools you purchase, because what's the use of a hammer if you can't hammer a nail with it. In step one of our action plan, you installed the MetaTrader 4 trading terminal, which has a very convenient and intuitive interface.

First of all, you must master the basic functions of the trading terminal, such as: working with charts of financial instruments (switching between, types of charts), opening and closing positions, installation, etc.

All this is necessary so that during the trading process you do not have to be distracted by unnecessary details. All actions to open, close positions and place pending orders must be performed automatically.

Step Three: Learning the Basics of Technical Analysis

In my opinion, it is the basis of the trader’s work. Although, of course, knowledge of this type of analysis is not a panacea, without knowledge of the basics of technical analysis you should not even try to start trading on Forex. To complete this step, you will need some time to study special literature, such as:

• Jack Schwager "Technical Analysis. Full course."
• John Murphy “Technical analysis of futures markets: theory and practice”

There is no point in studying all the well-known publications devoted to technical analysis, since they basically describe the same thing. It will be enough to read one good book (for example, one of the above). In addition, on this site you will find a whole section dedicated to technical analysis indicators.

Step Four: Learning the Basics of Fundamental Analysis

This is also a fairly important discipline in a trader’s education. Although, in my opinion, the role of fundamental analysis when applied to the Forex market is not as important as, for example, when applied to trading on the stock exchange.

Therefore, on Forex I limit myself to only the following points: I try not to trade when important fundamental news is released (since exchange rate fluctuations at this moment are unpredictable) and I monitor changes in interest rates in the US and the European Union (since I mainly trade the EUR/USD currency pair).

But again, this is just my opinion. There are a lot of traders who successfully use fundamental analysis in the Forex market, and their opinion is undoubtedly worth listening to. You can find many books on this topic freely available on the Internet, including:

• V. Likhovidov “Fundamental analysis of world currency markets”
• D. Soros “Alchemy of Finance”
• A. Kiyanitsa “Fundamental analysis of financial markets”

Step Five: Understanding the Basics of Money Management

Trading is not only the art of buying or selling a certain financial instrument at the right time in order to remain profitable, but also the art of handling money. Many people take this aspect of trading for granted, however, in fact, the art of handling money in trading (or money management) is the cornerstone of your success.

To understand the importance of such an aspect of trading as money management, let's look at a simple example. Let's assume that you decide to play toss (a game of tossing a coin) according to the following simple rules:

1. You bet and your opponent bets the same amount;
2. If it comes up heads, you take your opponent's bet;
3. If it lands on tails, your opponent takes the bets for himself.

• 1st toss – tails;
• 2nd toss – tails;
• 3rd toss – tails;
• 4th toss – heads;
• 5th toss – heads;
• 6th toss – heads;
• 7th toss – heads.

Now let's look at the following options for the size of your bet (we assume that you have a total of 1000 rubles):

1. 500 rubles;
2. 330 rubles;
3. 200 rubles.

Looking at the series of coin drops described above, you can easily be convinced that with a bet of 500 rubles you will be left with nothing and will be eliminated from the game after the second move. A bet of 330 rubles will allow you to hold out one move longer. But by betting 200 rubles, you will not only last the entire game, but also come out of it as a winner with a winnings of 200 rubles.

Step six: Building your trading system

Having reached this stage, you have already acquired all the necessary information and your knowledge should be enough to build your own trading system. You need a trading system in order to transform trading from a feverish twitch of exchange rate fluctuations into a calm, respectable activity that brings regular, stable income.

The trading system requires unquestioning obedience from the trader, but thereby removes most of the psychological burden from him. Here you can look at. For yourself, you must create your own trading system, taking into account all your inherent psychological characteristics (your appetite for risk, attitude towards losses, level of activity in trading, etc.).

Step seven: Trade on a demo account until you get a stable result

Now you are armed with the tools, the necessary knowledge implemented in your trading system and, in addition, you know how to properly manage your money. In short, you have everything you need to start practical trading on the Forex market.

The only thing you still lack is experience. But experience, as they say, is acquired, and so that it does not become the “son of difficult mistakes,” you will acquire it by trading virtual money on a demo account. A demo account, by the way, is no different from a real account (with the exception of virtual money, of course); it has exactly the same price movement charts (in real time) and the same conditions for executing transactions.

This is a stage that you shouldn’t waste time on. You should not just trade according to your trading system, but trade with a stable profit. If you don’t get a stable profit, return to the previous steps: fill gaps in knowledge, improve your trading system, hone your money management system. And so on until you receive a stable profit over the course of several months. Don’t chase quantity; stability should be at the forefront of the amount. Remember that a stable 3% profit per month is much better than plus 50% one month and minus 47% the next.

Step Eight: Trading on a Live Account

If you have reached this step, then I congratulate you, most of the way is behind you, but not all problems are over yet. Trading on a real account, due to the fact that you have to risk not virtual, but real money, leaves its negative imprint on the trader.

It often happens that a trader who shows remarkable stable results on a demo account begins to lose money when switching to a real account. This is where emotions come into play, which you need to learn to control.

However, if you have taken the time to master the seventh step of our plan, namely, devoted enough time to practical trading on a demo account, then you should have confidence in your abilities, supported by this successful experience.

Even when switching from a demo account to a real account, the concept of a comfort zone comes into force and in this case it refers to the amounts that you operate when concluding transactions. It happens that by trading two lots, a trader consistently makes a profit, but as soon as he switches to a volume of twenty lots, he begins to experience psychological discomfort, which prevents him from looking critically at the market and ultimately leads to losses. Well, what can I say: increase volumes gradually and again the trading system will help you.

Step Nine: Self-Improvement

Never stop developing. Stopping means rolling back and this is true for any field of activity, not just trading. The market is constantly changing and those systems that work and bring stable profits today may turn out to be potentially unprofitable in a year.

Develop and test new strategies. Study the psychology of trading. Study yourself, your reaction to changes in the market situation. Increase your resistance to stress and learn to control your emotions. Life is always movement, either moving backward (degradation) or moving forward (development). I wish you to go only forward.

Hello, dear readers of the blog site! Do you want to start trading on the stock exchange, but don’t know what you need to know and be able to do? In this article you will find answers to all your questions.

You already know what trading is. If not, be sure to read the article: . Next we will talk about everything you need to start trading in the financial markets. Theoretically, to start on the stock exchange, you need to complete only three steps:

• Open a trading account with a broker.
• Place money on deposit.
• Install a trading platform to analyze the market and make trades.

That’s it, after these simple steps you can already make transactions on the stock exchange! This is exactly what most people do. But, we hasten to warn you, such a start guarantees you losses or complete emptying of your account. This is not trading, but playing in a casino. Yes, you may be lucky at first, but this will have nothing to do with real trading, where decisions are made based on a thorough market analysis and the trader’s planned actions. Therefore, we suggest that you take your time and prepare thoroughly before the fight.

Preparing to start trading on the stock exchange

Firstly, get ready for serious work right away. Trading on the stock exchange is not a game at all, as many people say. A real trader will never say that he is playing on the stock exchange. The stock exchange is not a casino; prices can be predicted with reasonable accuracy. There are techniques that help determine in advance where the price will go.

Get ready that in order to earn big money, you will have to learn, make mistakes, and gain experience. And if you try, everything will definitely pay off. You will gain not only financial independence, but also personal freedom, because... you will be your own boss. This is exactly what traders trade for. Are you ready? Let's move on with this attitude!

Decide what you will trade

If you want to make transactions with currencies, then open an account with a Forex broker. We recommend the largest and most reliable in Russia - . This company provides a very wide range of services and the best conditions for trading. Many of our traders trade there.

If you decide to work with shares or futures of Russian companies, then select a tariff and open an account with a broker who provides trading services on the MICEX exchange.

Or trade simultaneously on Forex and MICEX. There's no problem with that! You can open as many accounts and with as many brokers as your heart desires!

Trading platform

After the account is opened, download the trading platform (trading terminal) from the broker’s website. In it you will analyze the market and make deals. The most popular forex trading platform is . All leading Forex brokers offer it, and for good reason, its functionality is very diverse.

For trading on the Russian stock market, the most famous and used terminal by traders is QUIK. We recommend that you use these two platforms. They have proven themselves very well in practice and have all the necessary functions for trading and market analysis.

The operation of the trading platform can be tested. To do this, you need to register a personal account and open a demo account. You will be given demo access to the trading terminal, virtual money will be added, and you will be able to “trade”.

Of course, this has nothing to do with real trading. Demo accounts are provided solely to familiarize yourself with the functionality of the platform. To try out how trades are made and different instruments work, with no risk to your funds.

So, now it’s time to talk about money and the size of the trading account (deposit). In simple words: how much money do you need to trade.

What size deposit should be for trading on the stock exchange and forex

There is an opinion that trading on the stock exchange requires some incredible amounts of money. This is what amateurs say who understand absolutely nothing about trading. In reality, you can start trading with $100. Each broker has its own threshold for the minimum amount to open an account: for example, minimum deposit from the largest forex broker in Russia, only 100$.

In order to open an account with a broker for trading shares of Russian companies, you will need approximately 10 thousand rubles.

You are probably wondering how much money to deposit. There are a few notes to this:

• The money you want to trade (especially if you are new) should not be the last one. Those. Losing money, for whatever reason, will not cause much damage to your financial situation.
• The amount in the account should not be very small. You need to understand the seriousness of the situation and feel responsible. With a tiny amount in your account, psychologically, it will be difficult to adjust to larger amounts.

After an account has been opened, money has been deposited, a trading platform has been installed and configured, it’s time to learn how to trade on the stock exchange.

What you need to know to trade on the stock exchange

Making decisions about when to make trades is the most basic skill in trading, which needs to be constantly honed, developed and improved. After all, without development there is no progress.

First, do some research about what you will be trading. All financial instruments (currency, stocks, futures, etc.) have trading specifications that indicate the necessary parameters. For example, the price step cost, lot size, etc. All information is located either on the website of your broker or on the website of the exchange on which you are trading.

Forecasting prices on the stock exchange

Traders make decisions based on analysis of the instrument being traded. Analyzes are divided into two types:

• Technical;
• Fundamental;

The object of technical analysis is the price chart. It uses various linear constructions, indicators and other theories. This makes technical analysis fundamentally different from fundamental analysis, in which the main work is done with economic data: financial statements of companies, etc.

Typically, technical analysis is used by active speculators who trade frequently. While investors prefer the fundamental one, because invest in business, and for this you need to be able to evaluate companies - this is a rather labor-intensive process.

So choose what is closer to you: to be an investor or a speculator. Of course, within the framework of this article, it is simply impossible to thoroughly analyze both types of analysis. Therefore, read about them separately.

Conclusion

We suggest that you act in exactly the same sequence as written in this article. Everything has been tested with our own money, so the proposed option is the most optimal. If you have any misunderstandings or any questions, we invite you to comment. We will be happy to answer.

Good luck in trading!

Leading broker in the FOREX market -