Forex Trading For Beginners

Forex trading or forex exchange market is one of the most significant financial industry needs or business. If you are a beginner in this field and you want to learn how to become a successful trader, then you are in the right place. Here we mention the best tip for forex trading for beginners.


There are the following the best tips for forex trading if you are a newbie in this field.
Information about market

Firstly you must have sufficient knowledge about the forex market. Which thing do you need to learn? You need to know about the currency pairs. Moreover, you also learn which time of investment in favorable and productive for your investment.

Forex Trading For Beginners


If you want to become a successful trader, then planning is essential. Here the question comes in mind which things are includes in your planning ?. In your planning, includes profit goals, risk tolerance level, Strategies, and evolution criteria. Remember that once your plan is ready, then you don’t cross the parameter of planning.


Practice makes a man perfect. In this section, you follow your trading plan in the real forex market. Moreover, you can check your list with a risk-free practice account, which this way, you can quickly check your plan and currency pairs.

Know about your limits:

To become a successful trader, you must be aware of the limitation of the field. You must be mindful of how much you are willing to taking a risk in each trade. You need to select the goal according to your loss bearing capacity to manage or set you the ratio according to your income or financial condition. Remember that never crosses this limit; otherwise, you can suffer from a significant loss.

Keep it slow and steady:

The main feature of trading is consistency. Loss of money is common in all trading, but your chances of success are maximized if you have a positive edge. For getting better results, you need to educate yourself continuously and updates your trading plan. Remember that you remain stick to your schedule through patience and rules.

Selection of right trading partner

The selection of the right trading partner is essential in forex trading. Things that make your trading experience different from others are pricing, execution, and customer service quality. Moreover, plenty of tutorials and tools are available to learn the starting tricks of forex trading. Hence if you are beginners in forex trading and want to become a successful trader, follow the tips mentioned above.

Forex Trading Makes You Rich

Forex Trading Makes You Rich

Can Forex Trading Makes You Rich?

We are abiding in a world where earning morning becomes the most crucial dare. Everybody wants to make more and more money and wants to become more prosperous. In this technological world, earning money is not much difficult because of technological progression. Technology changes the business bents, and if you are also looking to become wealthy, then working online using a digital pulpit would be an excellent option for you. If you are also concerned about earning money and wants to become more prosperous, then this article is specially written for you.
Yes, you are reading right, as, by trading currencies, you can become more affluent. There are a lot of peoples getting more decadent day by day, and you would be next. Forex trading considers being as one of the best ways to earn money online by just trading currencies. You would be amazed to know that many success stories of forex trading change people’s lives and make them a billionaire. There are many people doing forex trading here, and in this article, we bring here for you the answer to one of the popular questions that arise in every forex trader mind that can forex trading makes you rich?

Yes, you can become a millionaire trading forex:

Amazingly, you can become a millionaire by forex trading. Yes, seeing is believing; you can become a millionaire and earn a great livelihood by trading currencies. But it would help if you had the idea that making money is not much easy and you always need some effort to earn some handsome amount. Forex trading requires smart minded peoples. Yes, if you have an intelligent mind and you know the market rules, then you can become a millionaire in just a few months and even in days.

Forex Trading is an investment opportunity:

If you want to become a millionaire through forex trading, you must have to know the currency trading norms correctly. You must have to know the market trends and also the broker’s mind. Brokers sometimes guide you the best thing, but sometimes they can also cause a loss for you. Don’t ever invest in the currency where you don’t have a decent idea or have any experience. Forex trading is an investment opportunity, and you sometimes have to invest for the long and sometimes for a shorter period.
If you are also worried about becoming a millionaire, then be happy as forex trading is one of the best options in which you have to put less effort and earn a hefty profit.

Foreign Exchange

foreign exchange
What is foreign exchange?

We all have Heard About the Exchange Word in our Daily life but “Foreign exchange” is a high ended word.

So Today We will Talk About Foreign exchange? Because some people don’t know about the foreign Exchange.

What is Foreign Exchange?

In other words we can say “ foreign to “Forex”.

Foreign exchange is a conversion rate of one country’s currency to another country’s currencyBasically it depends on the demand and supply of the countries.

Example Of Foreign Exchange:-

Now we’re going to take an example of Foreign Exchange.

A man has to go to the USA From India and He has 100,000₹ in Indian Currency., So it is important to go on currency exchange.

So the exchange will give him 100,000₹ in USD$ Because the currency of the USA Is dollar.

If he Comes back from the USA after a month and goes to money exchange and Converts USD into INR, If USD Market will go up! So he will get more money.

How Foreign Exchange Work?

This is the most asked Question that how Foreign Exchange work?

We’ve already talked about Changing the currencies from nearby local banks and it can also be done on Trading such as:- Olymp Trade, Expert Option and More.

Foreign exchange is the trading of different countries’ currencies in units of the account.

Why it is Important?

Example:- If we convert EUR € to INR ₹ So it defines the Economic growth and health of the country so the exchange is important.

What is included in foreign exchange?

Foreign Exchange Includes these things:-

Bank notes
Bank Deposits
Foreign Treasury Bills
Short and Long Term Government Securities.
IMF & SDR Positions

What is the IMF & SDR?

IMF Stands for:- International Monetary Fund.

SDR Stands for:- Special Drawing Lights.

What are the types of foreign exchange?

Here are some types of foreign exchange markets available in the world.

Forward Market
Future Market
Spot Market
Swaps Market
Option Market

How to do Foreign Exchange in Trading?

Just follow these steps to do start Foreign Exchange in Trading:-

Create an Account
Select the Currency
Select buy or Sell
Select the trade time.
Start the trade
See the results in Last.

Which Websites are Trustable to start Foreign Exchange?

There are several Websites and Apps available in Google OR Play Store., But some people’s confused about choosing the Right option.

Here are Verified ☑ apps List:-

Expert Option
IQ Option

We hope you Liked This Article About Foreign exchange / Forex and About trading don’t forget to share with your friends.

How much profit I gain in forex trading

How much profit I gain in forex trading
How much profit I gain in forex trading?

Forex Trading is one of the best ways to start making money online in 2020.

You don’t have to go anywhere By staying home you can earn thousands of dollars per day with your mobile phone or laptop.

What is Forex Trading?
In other words we Can say Forex Trading to foreign Exchange Market where Currencies are traded, forex is a type of business in which risk is Involved.

It is easy to start Foreign Exchange trading, but it needs minimum investment up-to 100$ basically we can buy any type of currency USD, EURO, INR, Etc..

How much profit I gain in forex trading?

It depends on Selling Let’s understand by taking an example of Forex Trading..

Example:- If i buy USD $ Currency and suppose the market is going down of dollars and then next day Market goes high and i Selled dollar currency I earned the profit.

So it is simple to make a Profit with Forex Trading the minimum amount to invest is 100$ You can earn 100$ to Up-to 100× Times 10000$ in a day but risk is involved.

It is important to have knowledge in forex trading., Without having knowledge in forex trading your money can be drawn.

How long does it take to learn foreign Exchange ?

The minimum time to learn forex and get results is about 2 years, and the maximum time is 5 years according to your mind power.

Which is the Best Platform to Start Forex / Foreign Exchange?

In 2020 OCTAFX is Running in trend to start forex trading with 0% of Commission with fixed rate.

Also there are many websites you can choose depending on your choice.

How to Learn Forex Marketing by Own?

Every Trading Platform have A Demo Account option before start trading without having 0 Knowledge and it will help beginners to make money. The amount in the demo account will be 10,000$.

Forex Marketing is not Difficult only one work is buying and selling Currencies, But the difficult thing is to understand the conditions of Currencies Market Value.

Interesting Facts About Forex:-

Losses are Calculated in Pips.
Understanding is Important.
Forex is known as FX.
Forex is Risky and takes time to get results.
FX is Different than Bitcoin,Binary options.
24/7 Trading Can be done in Forex.

Here we’ve Cleared all your doubts and Questions regarding forex How you can Earn from FX? Interesting facts and more.. Hope you liked it..

How Brokerage Works in Trading

How Brokerage Works in Trading
What is brokerage?

A Broker is a firm who arranges transactions between the parties when the deal is done.

In other words we can say that a fee of commission charged between a transaction by a broker.

But many beginners are in doubt because they don’t have knowledge about fees and more things about brokerage.

Brokerage Works in Trading and There are two type of trading:-

Intraday Trading
Delivery Trading

What is Intraday Trading?
We will understand it by taking an example,,
If a person named “Amit” buys and Sells shares in Same day is called Intraday Trading.

In Intraday brokering charge starts from .1% to .10%


If a person Buys and sells their shares after 2 days, 1 week 2 months or 6 months is called delivery based trading.

In delivery based trading brokering charge starts from .3% to .6%

Note:- The brokering charge will be the same on the buying or selling side.


STT Stands for:- Security Transaction Tax, Before 2004 People weren’t able to declare their profit but after 2004 the government launched STT ( Security transaction tax) when you buy any share.

Intraday STT Is 0.25% and Delivery base is 1%.

In the Market there are Many Brokerage firms providing the best products and services everyday.


There are three types of Brokerage Companies available in the market let’s go and know about brokerages.

Full Service Brokerage
Discount Brokerages
Auto Robot Advisors

1) Full Service Brokerages

A full service brokerage company will give you an advisor which manages all things and takes the right decisions Such as:- Investment, Data, Advises 24 hours contact support and more but this option is Expensive but this is legal and right.

2) Discount brokerages

What is A Discount Broker?

A stock broker which helps you to Carries out many things at the right price.

But the discount broker will not give you any advice regarding investment but sure they will help you to get in touch in emergency situations.

But now in Online platforms companies are taking 0% Commission in trading.

3) Auto Robo Advisors

The auto robo advisors are automatic advisors and give you investment they offer Services with 0% fees and commission and the starting rate is just 5$ – 10$.

Final Words about What is Brokerage?

We suggest that if you want to do trading then it is important to learn about the taxes, commissions and fees Such as:-


Thanks for reading..

How to make money in trading

Most of the new entrant get swayed away by the eye-catching video advertisements, some gets too excited by the blue sky stories. After a few days they find it to be completely opposite of what they had heard or saw in the advertisements. So, how to make money?
Making money in trading is a psychological game, it’s a very well established fact that about 95% of traders always make loses in trading, only 5% traders make money in the market. To be among that you need following competencies as a trader:

1. Money Management & Risk Management
a. Since Forex is all about derivatives trading, your broker would give you some margin leverage by default. Some may find it very exciting and luring. That exactly the first mistake is made. Here is an example to help you understand:
i. Person A has INR 10,000 to start trading in the Forex. Here we take NSE as exchange and Upstox as broker.
ii. 1 Lot of USR INR pair is equivalent to $ 1000. In another words if you buy/sell 1 lot of the said pair you are trading worth $ 1000. While broker may charge just 1% as upfront margin to execute the trade but it’s to be noted that your risk is at 100% of contract size which is worth INR 75,000 /per lot.
iii. As per the capital above, in INR 10,000 you can take positions worth 4 lot. Means you can trade worth $ 4000 (INR 3,00,000) by just paying 10,000 as margin.
iv. If you gain 1 rupee, you would make decent profits. Let’s understand that.
1. Gained Points x Lot Size X Each Lot Size. You can simply calculate your profits. See the example calculation below.
2. 1 x 4 x 1000 = INR 4000. That’s your profit. Well, that’s too good. Isn’t it. You would make 4000 on a margin of 10,000.
3. That’s 40% profit. Pretty huge, isn’t it?
v. Now let’s come to the other side of the picture. What if your trade goes wrong?
vi. You would end up as much as 40% of your total net worth in just 1 trade as per the above calculation. Remember, only 5% traders get the trades right.
b. So, focus on your basics. Define a Stoploss and put that in system. So you can protect your loses.
c. Don’t use 100% of your capital in 1 go. As a risk protection measure use maximum 50% of your capital to take trading positions. Keep some ammunition to manage your trades, in case your trade goes wrong.
2. Directly entering into Option trades?
a. Options are very lucrative, even lower margins compared to futures.
b. That’s another thing which people must understand that when you trade options you are actually predicting 2 things – Price and Time (in futures it’s just price mainly)
c. Therefore it’s possible that if price doesn’t move at all, means the price on expiry is same as of time you had option. You may still incur lose.
d. Therefore, as a new trader never start with options. Unless you understand options and it’s strategies very well.

3. Understand and practice the factors which make price impact. What are those?
a. News – local and international
b. Options data – Call and put/ Open Interest Buildup
c. Technical Charts – To help in predicting sentiments and price movements
d. Actions of various central banks – RBI, US FED, ECB, BoJ, PBoC etc.
e. Government actions on public borrowings and liquidity measures – Best way is monitor T-bills or 10 Yr. sovereign bonds yields
f. Most important – Monitor US DOLLAR Index. It would impact all currency pairs.
g. Keep a watch on Gold and Crude Futures.

Earn through Trading

FOREX is a word made by two separate words, Foreign Exchange. In today’s life almost all of us do Forex transactions in some or the other way. Forex instruments and the Forex changes are one of the most liquid markets globally, the average daily transactions exceeding as high as $6.5 trillion.

How to make money from Forex trading in India?
In India, Forex trading is done via two routes.
1. OTC – Over the Counter
2. Exchanges – Stock/Commodity Exchanges

OTC route is usually for the banks/NBFCs and institutions to execute various types of transactions across various currency pegs. For retail investor/traders execution via stocks/commodities exchanges is the most cost and time efficient way.
Now, retail participants can do the Forex transaction via any NSE/BSE/MCX registered brokers. Once the account is activated, simply add the funds to your account and you are set to go with the trading experience.

Top 5 brokers for account opening:
1. Zerodha (Discount Broker)
2. Upstox (Discount Broker)
3. SAMCO (Discount Broker)
4. 5paisa (Discount Broker)
5. Prostox (Discount Broker)
While discount brokers have excellent technological mediums to offer to their clients and account opening process is also very simplified, there are some key takeaways which one must consider before make a choice between the discount brokerage account and the full service brokerage.
1. The trading margin (Leverage) is limited and fixed for all clients,
2. No access to research reports with discount brokerage.
3. No guidance by relationship manager (if you are new to the trading, you might need a helping hand)
4. Most important, they charge mostly on “Per trade” basis, NOT “Per lot” or on some percentage of traded value basis. It may suit some, may not be a good option if your trade quantity is small.
On the other hand, Full service brokers offer a bundle of services, though that too has its own pros and cons. Here is what you can expect.

1. Relationship manager or dealer support to walk you through the complexity of “Futures” and “Options”
2. Full service broker can allow extra leverage (based upon customer profile and business relationships)
3. Daily & weekly research reports to help you in decision making.
4. They most charge some percentage of total traded amount as their brokerage. This may be a very good option if your traded lots (quantity) is small in the starting.

As you can see, there is no one size which can fit all. So, it’s always better to calculate your model before you start with the any of the broker.

As of today, in India the allowed currency trading pairs are

Also remember the trades are only allowed in the derivatives market (Futures and Options) only. Since F&O is a highly leveraged product, always calculate your risk and reward before taking any trade.