If you’re searching for a way to make extra income and change your way of life, Forex trading may be the answer for you. Read more to learn how to easily start trading Forex without a huge investment.
Trading currency in the Forex markets has become a great way to earn extra income for new and smaller investors. Forex markets can certainly be very lucrative for investors and surprisingly to many people, it doesn’t require a huge investment to get started. So, where does a new trader begin with Forex?
We’ve provided a quick guide to get you going easily and with only a small investment to help you on your way to reaching your financial goals.
Open an Account with a Forex Broker
This is by far the most important part of the process. Not just because it is the first step, because it is where most new traders waste a bunch of time and money. There are many brokers to choose from when it comes to Forex trading. Unless you are very experienced and already have a broker, our suggestion is to use Olymp Trade Forex for several reasons.
First and foremost, they are a trusted company with a Category A rating from the International Financial Commission. Olymp Trade will give you access to all the markets you will likely be interested in and they give you easy access with only a small deposit, $10 USD, necessary to start. Best of all, they won’t charge you any commissions on your deposits or withdrawals.
These two reasons alone should be enough, but also consider that they have 25,000 people trading daily on Olymp Trade and a quarter million every month. Their state of the art platform is user-friendly, but includes all the tools and charts that professionals use.
Additionally, they offer trading multipliers that allow small traders to increase the size of their trades by up to 500 times without risking more of their own money. It is a very popular platform in Africa and around the world and only takes about an hour to set up your new account using a variety of deposit options besides bank cards such as Fasapay, Skrill, and others.
Olymp Trade is not only for new traders and they have clients of all financial sizes. They are currently paying out over $13 million USD to clients monthly, but trades can be made with as little as $5 USD.
A trading platform should give clients access to modern diagnostic tools such as Bollinger Bands, Simple Market Averages (SMA), and others in order to help them make successful trades. Be sure to get familiar with the tools of the platform.
A good broker helps educate their clients about using their trading platform and Olymp Trade provides clients with a ton of resources. They have live webinars for clients hosted by professional financial analysts, a range of videos on their YouTube channel, an expert blog, and more.
Also, they supplement all their educational resources with 24/7 customer support services. If you have any questions, you can open an online chat, call them over the phone, or communicate through email. They will get you taken care of by a professional market analyst and not a call center employee regardless of the size of your portfolio and in 13 different languages.
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