Beginners Guide
Forex Trading
What is Forex ?
Forex, short for Foreign Exchange, involves trading global currencies to generate profit.
The concept is straightforward: buy low, sell high — similar to any other business transaction.
The forex market opens Sunday 10:00 pm and closes Friday 10:00 pm (UTC)
The market runs continuously with a 1-hour daily break at 10:00 pm (UTC)
What Do You Need to Start Trading?
A Stable Internet Connection
A Smartphone or Laptop
Investment Capital : LightTrade profits (estimate) calculator
( $200 USD, although $1,000 USD or more is recommended )
Our Broker Account Setup
Account Type: Live Floating Spread
Base Currency: USD
Leverage: 1:500
To Be Profitable in Forex Trading , Master 3 Things
A Method (Stick to What Works): A proven trading strategy. Consistency is key to long-term success. Avoid constantly changing methods based on short-term outcomes.
Manage Money (Avoid Risk): Effective risk management is crucial. Always protect your capital by using proper position sizing, setting stop losses, and maintaining postive risk/reward ratio.
Manage Yourself (Psychology) : Master your emotions. Trading psychology is just as important as the strategy. Stay disciplined, patient, and avoid emotional decisions, especially during volatile market conditions.