How to Start Forex Trading Step by Step – A Beginner’s Guide
Choose a Reliable Forex Broker
Choose a Reliable Forex Broker
If you've ever wondered how to start Forex trading and make your money work for you, you're in the right place. At Forexbaazar.com, we specialize in guiding beginners through the world of Forex trading with simplified tools, expert support, and smart strategies.
Below is your step-by-step guide to starting your Forex trading journey.
Forex (foreign exchange) trading is the act of buying and selling currencies in the global market. You profit by predicting the rise or fall in currency values. For example, buying EUR/USD when you expect the Euro to rise against the Dollar.
👉 Goal: Learn the basics of currency pairs, pips, spreads, and leverage.
Before investing real money, get the knowledge you need:
Read free blogs and ebooks
Join the ForexBaazar free Telegram/WhatsApp group
Enroll in the ForexBaazar 30-Day Video Course
👉 Tip: Start with demo accounts to practice risk-free.
Your broker is your trading platform. At Forexbaazar.com, we recommend trusted brokers who offer:
Low spreads
Fast withdrawals
MT4/MT5 support
Strong regulation
👉 Check our Broker Recommendation page on Forexbaazar.com
Choose from:
Demo account (practice)
Live account (real money)
👉 Required documents: ID proof, address proof, bank account
To become profitable in Forex, you must master:
Candlestick charts
Technical indicators (RSI, MACD, moving averages)
Price Action Strategy
👉 You can download free charting tools and indicators from Forexbaazar.
Scalping: Many small trades
Day Trading: Trades open and close within the day
Swing Trading: Hold trades for days
Automated EA Trading: Use expert advisors like RFP, MoneyCloud, EURGOLD 5.0 from Forexbaazar
Start small — even $100–$500 is good for beginners. 👉 Use payment methods like UPI, bank transfer, or crypto (as supported by the broker)
Use stop-loss to protect your capital
Don’t overtrade
Risk only 1–2% per trade
Stick to a tested strategy
👉 Forexbaazar offers ready-to-use profitable EAs & strategies.
Use a trading journal or app to:
Analyze past trades
Improve strategy
Avoid emotional decisions
As you gain confidence:
Increase your lot size
Upgrade to higher-capital accounts
Test multiple currency pairs
👉 Forexbaazar provides support, training, and premium tools to help you grow.
Free courses & tutorials
Lifetime expert support
Proven profitable robots (EAs)
Indian-friendly broker partnerships
24/7 support on Telegram & WhatsApp
Join the community of thousands of successful traders starting with Forexbaazar.