How to start Forex Trading with PaxForex
You will click on the “Register account” on main page.
Click on "Open Account” in our website menu and choose "Demo Account". Fill in the form. Receive the Confirmation code in your email and confirm your registration. You are going to receive email in your inbox - "myPaxForex and MT4 login details". Be sure to check your spam mailbox if you are unable to find the two emails.
Find a good time to enter a trade.
Find the best moment to enter the market and exit the market (Pivot Points). You can do it with help of Technical and Fundamental analysis.
Make your trade.
Open Short or Long positions.
Wait until your desired target is met.
Develop a profitable trading strategy on the Forex Demo Account.
Familiarize yourself with the various currency pairs and the MT4 trading platform and learn how to make deals and set up orders. Develop a profitable trading strategy that can generate profits constantly.
Open a Live Forex trading account.
Login in to myPaxForex
Go to menu "My Accounts"
Click "Add New”
Choose "Account Type”, ”Account Currency Leverage” Click button "Create”.
You must receive a confirmation email with the subject "Trading Account successful activation” in your inbox; check your spam folder if you are unable to find it.
Login in to myPaxForex and Upload Documents
Log in to MetaTrader 4 Live Forex Trading Account.
Make Profit using profitable Forex Trading strategy.
Using a strategy that you developed while using the "Forex Demo Account", find a currency pair that you want to trade, open a trade either long or short, set your 'Stop Loss' and 'Take Profit' prices, then wait for the MT4 'Take Profit' to trigger and close the trade.
Repeat previous step until you will satisfy with results.
Why you should start forex trading?
- You don’t need a large sum of money to start your forex trading
- Forex creates an additional source of income, which can significantly exceed the income from your main job;
- You can earn with a minimum time spending. It takes just several minutes to open a trading and even less to make money on it;
- The forex market is the largest trading field in the world, much larger than the stock market;
- Forex trading, with the right strategy, can significantly improve your financial situation during the global financial crisis.
- Start forex and achieve your financial goals.
- You can work anywhere in the world and don’t need an office;
- Your forex profit is limited only by your goals.
How to start in forex?
The main rule of Forex trading is “buy low - sell high”.
Forex is an international market where currencies are traded. The main purpose of forex trader is to buy a particular currency cheaper and sell it more expensively. With skillful trading, you can earn up to $ 1,000 per day.
Suppose yesterday you bought 1 Euro at the price of 1.17 dollars. Today you sell 1 Euro at the price of 1.18 dollars. Your profit will be 0.01 USD (1.18-1.17 = 0.01). Of course, this amount is quite small. But imagine that you bought not one 100.000 EUR. With the same market conditions, your profit will be equal to the sum of 1000 USD! How is this possible? By using the leverage provided by the forex broker!
For example, with a trading leverage of 1: 500 you need to invest just $200 to trade with a volume up to $100.000!
Of course, as in any other kind of investment there is risk of loss. The good news is that in the forex market, you can’t lose an amount exceeding that which you have invested.
The art of trade in the forex market is predicting the right time to buy or sell certain currency. Forex traders are constantly carrying out research and analysis of market data and international trends, to decide which currency to trade for maximum profit.
Any major event, in economic or political life, can have a direct impact on the currency market. Using fundamental and technical analysis, experienced traders get a better idea of why prices are rising or falling, and what currency to give their preference.
The key elements of success in the forex market are the experience and knowledge. Our company gives you a full necessary knowledge, while gaining experience is entirely a trader’s prerogative.
With a sufficient time and effort to assimilate the knowledge and mastering the practice, you will significantly increase your chances of successful trading in the forex market.