Forex Trading ⇒ Account with 100 € + BONUS – 2020

Forex Trading ⇒ Account with 100 € + BONUS – 2020
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What is Forex Trading?

Forex trading allows you to buy a currency using another currency. Currency trading can be an exciting hobby and a great source of income.

Forex trading has become very popular with traders around the world in recent years among home traders mainly for its ease of trading.

Discover how to open an account Forex trading in 1 minute !!

How to Invest in Forex?

The type of activity you will do depends largely on why you want to invest in the first place. Before you start investing, think about what you want to achieve with your investments. Write down these goals and develop your trading strategy accordingly.

If you want to save money for retirement, buy a house, or send your kids to college, you will probably want to invest money as you earn it, and earn a higher interest rate than that. a savings account. Your goal could be to invest 200 euros per month and reach an interest rate of 10%.

If you have more short-term goals, like saving money for a car down payment, for example, you can invest some money and earn 6% interest until you have enough to buy the car you want.

  • Trade 2% of your maximum capital
    For example, if you decide to invest 1000 euros, try using only 20 euros to invest in a currency pair. Prices on the Forex are extremely volatile, and you want to make sure you have enough money to cover the downsides.
  • Train in Forex Demo Account
    This way you can get a feel for the process and decide if forex trading is right for you. When you trade good demos on a regular basis, then you can go live with a real forex account.
  • Limit your losses
    Let’s say you invested 20 euros in EUR / USD, and today your total losses are 5 euros. You wouldn’t have lost money. It is important to use only about 2% of your funds per transaction, combining the stop-loss order with that 2%. Having enough capital to cover the decline will allow you to keep your position open and see the profits. Remember that losses are not losses unless your position is closed. If your position is still open, your losses will only count if you choose to close the order and take the losses.
  • Your risk tolerance
    Risk tolerance or your ability and willingness to overcome the ups and downs of the market depends on many factors. Typically, a younger investor has a longer timeframe and can afford to wait until riskier investments are profitable. An older investor with a shorter time frame may have a lower risk tolerance.

Why Avatrade?

Regulated in France 6 regulations on 5 continents
Easy account opening Minimum deposit: 100 €
50 currency pairs International currencies
0% commissions !! Avatrade does not charge any commissions
Available markets 250+ instruments
Automatic trading tools Experts Advisors / Zulutrade / Duplitrade
Assistance 24/7 customer service
Forex MT4 / MT5 platform FREE
Forex trading training OFFERED

Open an account now and receive up to 10,000 euros in BONUS *

* Only for citizens outside the EU

How to Analyze the Market

To analyze the market you can try several different methods:

  • Technical analysis: Technical analysis involves looking at graphs or historical data to predict how the currency will evolve based on past events. You can usually get charts from your broker or use a popular platform like Metatrader 4.
  • Fundamental analysis: This type of analysis involves examining the economic fundamentals of a country and using this information to influence your business decisions.
  • Sentiment analysis: This type of analysis is largely subjective. You are trying to analyze the mood of the market to determine whether it is « bearish » or « bullish ».

Forex trading tools

Expert advirors

forex trading

Additional software called Expert Advisior or expert advisor can be installed and used on the trading platform Metatrader 4.

A Forex EA is used to automatically generate trading signals on behalf of the forex trader.

Some software also allows automatic transactions under given conditions and may include interruptions.

In this way traders can maximize trends and not lose out on profit opportunities.

These programs tend to follow popular technical indicators like MACD, moving averages and stochastics.

Forex charts

forex trading

The Forex market, also called the foreign exchange market, helps to promote the comparison of different major and minor currencies with each other and with other assets (like Bitcoin BTC or other crypto currencies for example), to help traders draw party values ​​and invest in online currencies on Forex trading platforms.

Charts on Forex Metatrader 4 trading platforms and Metatrader 5 represent a very important resource for traders.

They provide a visual image of the value of one currency over another.

If you want to learn how to read currency charts to get a better idea of ​​the values ​​of the currencies you want to invest in the financial market, here are some basic steps to better understand the use of these trading tools.

How to analyze the graphs?

Most traders and investors who are successful in currency trading use stock charts.

In order to read and take advantage of currency charts, you need to get them from a signal provider available on trading platforms like Metatrader 4 offered at Avatrade.

Several tools, such as currency charts, are offered directly on trading platforms to help you understand the evolution of prices for currency pairs in the foreign exchange market.

1. Select a deadline

One of the most important steps in using currency charts, or any other type of financial chart (the stock market, bonds, commodities, etc.), is to define a precise schedule.

The values ​​you view are only relevant for the specific time slots you define for them.

With a chart, you can crop the chart for a specific period of time, where online trading tools often allow the user to change the view to a specific period, for example: 1 day, 5 days, 1 month, 3 months, 6 months or 1 year.

2. Observe the graphs over a fixed period

You will see a line graph representing changes in the value of the currency during this period.

  • Look at your line graph in relation to your Y axis
    The Y axis, or horizontal axis, on a currency chart most often indicates a comparative asset price
    When a line fluctuates, it indicates the performance of the selected currency against the currency or asset represented in the Y axis.
  • Check your X axis
    The X axis of your currency chart represents your time period
    You will see that these two axes have segmented values, where your line graph fluctuates variably.

3. Look for similar structures

Traders look for specific visuals in a currency chart to try to predict how future prices will move.

Understand candlestick mapping to take advantage of this advanced financial resource. Candlestick charts show a range of characteristics for a specific trading day, with a high and a low that illustrate the price movement.

Many currency charts include candlestick charts, especially those online, and by observing these charts properly, you can know much more about the price, than just how it has changed over a period of time.

  • Look for items like the Fibonacci trend.
    The Fibonacci trend is a specific type of price spike or trough. A reversal of this can signify a general trend. Read this type of predictive tool and apply it to your currency chart observation.
  • Look for the moving averages movement
    Moving averages tell you how the price has changed over a longer period of time. These can be useful when viewing your currency chart.

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