How to Place My First Forex Trade | TradeForexSA

Making My First Forex Trade Use the Correct Lot Size. If you get this wrong you can easily blow your trading account! First of all, you need to know how much capital you want to risk per trade. It is recommended to risk less than 2% of your entire trading account per trade. If you are new to the IQ Option platform, your first step is to open an IQ Option practice account. I've created the Beginners guide to the IQ Option Trading Interface which can get you started faster with this broker. This guide will help you understand how to trade on IQ option for beginners. For instance, you wouldn't expect to use Swiss Francs to pay for your meal in Marrakech, which is exactly where Forex trading comes in. Global currencies are traded on the foreign exchange market. Comparing this market to the stock market is one way to grasp the sheer scale of it; the average traded value of the global stock market is around Trading With IQ Option Platform Step by Step Guide: You’ve probably gone ahead an obtained and IQ Option trading account. You are now wondering where to get started. IQ Option offers both proprietary web and App trading platforms. You can use any depending on what is available to you. The layout of the trading platform is almost identical. Buy and sell buttons for trade entry; Trading forex on IQ Option simply involves predicting whether the price of the currency pair will rise or fall. If you think it will rise, you place a buy trade and vise versa. Making your first FX trade on IQ Option Step 1: Choose the currency pair Click on the + button and select forex. The major benefit of foreign exchange is that huge profit can be made out of a small amount of investment. You can also start trading by depositing just $10 in your IQ Option account. Profits from Rise or Fall in Prices. This market has no directional trading restrictions. To trade forex on margin on the IQ Option platform, follow these steps: 1. Open a new asset and select “Forex”. 2. Enter a trade size by clicking the “Quantity” button. 3. Set optional parameters if you wish: - If you would like to open a position with the expiration time, press the “Expiration” button. - Set the take-profit/stop-loss levels. 5. The main highlights of Forex trading: Firstly, sign up to IQ Option trading platform. If you are a newbie in Forex trading, we recommend you to start with a Demo account (with rechargeable virtual $ 10 000), so you don't have to worry about losing your real money. IQ Option Broker. IQ Option is one of the world’s leading online trading platform that offer traders the opportunity to trade binary options, digital options, stocks, cryptocurrencies, forex, CDFs and ETFs.. IQ Option has made trading very easy as traders only need to predict if the price of the asset will INCREASE or DECREASE within a setting period of time (called the expiry time). For instance, you wouldn't expect to use Swiss Francs to pay for your meal in Marrakech, which is exactly where Forex trading comes in. Global currencies are traded on the foreign exchange market. Comparing this market to the stock market is one way to grasp the sheer scale of it; the average traded value of the global stock market is around

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