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First. Assess your capabilities. First you need to allocate the amount of money, the loss of which will not lead to personal financial disaster. Investments in the Forex market are referred to as margin trading, or, as professionals call it, trading with leverage. This means that such investments are the most risky.
Second. Broker choice. Forex broker is needed to make transactions in the market. For a novice trader, when choosing the best forex broker () it is important to watch the videos on channel roboforex  and pay attention to some very specific factors, otherwise he may get a very bad experience with the trading platform without even really launching it.
Third. Determination of the tools with which it is planned to work. Studying news and analytics on the relevant topic. Even if an investor plans to use exclusively technical analysis in his trading, some fundamental events and actions can be disastrous for currencies. For example, changes in discount rates, central bank interventions, etc.

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In order to make an informed decision on which broker to choose to trade with, the first step is to do your own research and analysis. A very useful activity in this case would be to study ratings of Forex brokers, read reviews and watch video reviews, such as about the activities of roboforex  - so you will see what kind of reputation this or that company has. In addition, it is important to determine if the broker meets your trading requirements.

Before you start getting acquainted with the services of a broker, you must first study the rating of the best forex broker in india according to Traders Union  and check if he has the appropriate license. Very important for clients is the fact that their money is in a special bank account, separate from the broker's money. Without the order or consent of the client, the broker has no right to use this money. By order of the client, the broker buys and sells stocks, bonds and other financial instruments on the stock exchange. A demo account allows you to trade with virtual funds, so it is impossible to lose or earn real money on it. Transactions on cent accounts are conducted in cents, not whole dollars, so financial risks (as well as profits) are minimal.