Forex trading is basically the simultaneous buying of one currency and selling of another. The currency pairs are then traded simultaneously.
What is forex trading investment?
Forex investment is a buying and selling transaction or foreign currency trading (foreign exchange/forex). This investment is categorized as high risk, high return. Foreign exchange transactions, for example, buy US Dollars (USD), sell Euros (EUR). This means that the Euro currency is exchanged for American Dollars.
Simply put, trading is an activity that refers to the act of buying and selling in the capital market in a short time to get the maximum profit. One of the trading activities that you may often hear is forex or foreign exchange trading.
What is the first step for forex trading
If you are a beginner in this field, the things you should do to start trading forex include:
- Understand what Forex Trading is
- Learn to trade with a demo account : instaforex
- Trade on Demo Account First
- Find a Trusted Forex Broker
- Register with the broker
- Fund Your Account
- Start Trading
How to Start Investing Stock Trading for Beginners?
Before you start investing, it’s a good idea to know how to list stocks. Here are the steps:
1. Opening a Securities Account
First of all, please create a securities account first. Securities account is an account for placing orders for buying and selling shares.
To open a securities account, you must first find a securities company. Then bring the requirements for photocopies of ID cards, passbooks, NPWP and two pieces of seal.
2. Depositing Investment Funds
Just like forex trading investments, you also have to prepare some funds as capital. Then deposit the funds after you create a securities account.
The nominal funds or capital you deposit are usually different. So know in advance the minimum capital to start trading shares in the securities company you choose.
3. Start Investing
After the funds enter the securities account, it means that you can start the process of buying and selling shares. Currently, trading investment is an investment that can also be done online. This means that you can start without having to go to the IDX (Indonesian Stock Exchange) office.
Investing through the IDX can now be done practically. Stock transactions can be processed through internet access. That way, you can trade anytime and anywhere.
But you also have to choose a securities company that already provides online stock transaction services. Please survey first then choose one of them.
In addition to how to start trading, here we have also summarized a number of important tips so that you can start trading like professional investors.
1. Choose the Right and Appropriate Securities
When you start buying stocks, start by choosing a credible securities company or broker. Choose securities that have a low percentage fee, for example, a fee value of 0.20% of the total share purchase.
This value is considered more perfect and able to optimize your stock trading profits.
2. Make Transactions with Patience
Patience is one of the keys to success in trading, especially stocks. Especially for beginners, we recommend starting with a small capital.
Then please add capital along with your increasing understanding of the world of trading.
Your patience will also be tested when facing losses. So face the trading losses with a clear mind.
3. Determining the Right Stock Index
Currently, there are at least 22 types of stock indices listed on the IDX. Before choosing, make sure you recognize the types first. Before determining it, do an in-depth survey on the stock index that you will determine.
4. Make a Trading Period Plan
There are at least two ways of trading stocks based on the period. The first method is long term, and the second method is short term.
Trading in short-term periods is usually at risk of greater losses. However, short-term periods offer faster profit opportunities for you to get.
While the long-term period, the profit opportunities you get are much greater. Especially if the company has fundamentals and a reputation accompanied by good performance. Well, those are the ways to start investing in stock trading that is good and right.
Is forex trading a pyramid scheme?
This scheme forces you into a multi-level marketing scheme where instead of focusing on the reason you joined, in this case, forex trading. forex trading pyramid scheme, Most of your time is spent recruiting new members into the company as you are incentivized by earning affiliate commissions under a pyramid structure.