To start trading on a Live account, the most important thing is to choose a broker, with everything else (what documents are needed, how to pass verification, etc) the broker will help you and assist during the process of opening. Next, during your active trading you will need to constantly monitor financial and economic news and engage in self-education.
When selecting a broker, you need to take into account the following criteria: the broker’s reliability, profitability (each broker has commissions, there are hidden commissions), and they all have different functionality (each broker provides its clients with different features, the ability to work with different trading instruments, access on different platforms, etc.), and convenience (how convenient it is to work with brokers for you, the availability of support in your language, in your time zone, how high-quality and convenient software tools provide Trader, etc.) The comparison table will help.
Selection of all important data about Forex brokers in one place.
6 Crucial Things to Consider When Choosing a Forex Broker.
How to Choose a Forex Broker: Everything You Need to Know.
Constantly monitor events, changes in the market, in the world, news of large companies, etc. Financial news, a calendar of economic events, market condition tables will help you with this, and also you can get the information from articles and books.
The thread of select important events separated from all the media noise around.
One of the best information portals, all news and events in one place. Should be your daily read.
Detailed overview of global markets performance, including change value, Open, High, Low and Close values etc.
Detailed overview of global markets performance, including change value, Open, High, Low and Close values etc.
Most of the available crypto assets, sorted based on the market capitalization.
To learn and analyse your trading, you will require some specific analytics tools and services. Also a trading journal will be indispensable, where you should write comments on each transaction and then analyze the planned expectations and results
Connect your live or demo account for free and get ultimate analytics on your trades.
Learn about technical analysis for Forex trading as more advanced trading approach.