Learn to Trade Forex for Beginners – The Platinum Market Crash Checklist For 2019
Online trading is gathering a phenomenal pace across the world and is a sure way to generate sound, reliable and sustainable sources of extra income. Learn to trade forex with professional forex traders with 17 years financial trading experience and attend our financial goals with confidence.
We believe that 2019 could be a year which could provide several lucrative opportunities if you are new to forex trading or the financial markets then you have come to the perfect place as at our online trading academy we cater for people from all walks of life. Investing for beginners and trading currencies does not need to be difficult. Let me lay out a few simple facts for you before we get into the core competencies you’ll need to succeed compared to the average forex trader.
When you learn to trade forex you give your forex broker an instruction to buy or sell a currency pair, the pair will always start with 3 characters, this is called the base currency, and 3 characters at the end, this is the quote currency. Let’s look at a quick example: EUR/USD. This pair includes two major currencies, the Euro, and the U.S. Dollar, the price states 1.15000, this means that a single Euro is worth 1.15000 U.S. Dollars. The bid price is always representative of how much every single unit of the base currency is worth in terms of the quote currency. Most currencies will have a single digit followed by a decimal point and 4-5 decimal places. Of the major pairs, the exception is the Japanese Yen which instead has 3 digits before the decimal point.
There are a number of trading strategies and trading tools available on the market, which can help you not only plot charting patterns but can keep you in the loop when it comes to fundamental events, such as central banks deciding interest rates, or the release of non-farm payroll reports, and much more. These are incredibly important aspects of forex and shouldn’t be missed off your checklist if you learn to trade forex on our forex beginner’s course.
Learn to Trade Forex for Beginners – Self-Discipline & Financial Security
1) Be confident with an economic foresight:
The Financial markets have always bounced back, and have been positive for almost 75% of the time over the last 90 years. Even though we are aware of this trend and expect it to continue, it’s advised to actually ascertain that it shall continue and be prepared for it rather than being naïve, unsure and unaware. Learn to trade forex and be a master by taking our 2-day forex trading course or economic news releases.
2) Risk management:
No matter what your age is, you should always asses your own risks. For example, the present time is not ideal to buy a new property or to move from variable interest rates to fixed-rate mortgages. If you have a rental property that has more than 90% equity in it, it is the correct time to reanalyse your portfolio and take advantage of property market profits. In a nutshell, assess your risks in 2019.
3) Do not be “asset” rich and cash poor:
Many have heard this term several times in the past. Earning some extra cash or generating extra income during a market crash can be something you can take full advantage off.
The Bear Markets or Market Crashes will provide plenty of opportunities while trading the exchange rates, or buy stocks and shares at 35% to 40% below the current market value. In short, cash is the “king” so start saving in advance.
4) Diversify your portfolio into precious metals:
When an investor planning to capitalize upon the market crash moves to safe haven assets such as gold and platinum, it’s time to diversify and invest 3% to 5% of your portfolio funds into these type of assets.
If you’re new to trading and require assistance to get started with your portfolio changes, please fill up our consultation form so one of our senior technical analysts can provide you some passive income ideas, in real time, by explaining how to make the most out of commodity trading opportunities.
5) Protect your Job and Primary income:
The hard truth about foreign currency markets is if you don’t specialise in market crashes, your job could be at risk! So, always try to achieve the required expertise in your chosen field. It will require more reading and hard work in the beginning, but it is worth it since it will go a long way in improving your professional stability in the longer run.
If possible, try to generate multiple revenue streams so you’re not solely dependent on your primary job or revenue stream.
With that said, if you’d like to learn to trade forex for beginners, we are willing to guide you through the markets and teach you everything we know in order to get you to where you desire to be.
Generation X is our wealth management programme that can assist you in achieving these goals. Sign up here today if you wish to take advantage of our FREE Generation X Consultation – We’ll also create your Personal Development Plan for 2019 absolutely free of cost!!!
The Platinum Formula:
Perfect Fundamentals + Perfect Technical Analysis + Perfect Logic + Perfect Risk Management = Perfect Trade
THE PLATINUM WAY
At Platinum Trading Academy, United Kingdom, we teach all individuals from different walks of life to become a full-time trader or create a secondary revenue stream by trading part-time. We trade in an Institutional Way by letting the market come to us and being patient. Using Platinum’s Trading system you can take many Pips out of the market. We can ensure using this style of trading your trading will make a turnaround as you will become much more consistent.
If you want to trade like the professionals do, making consistently profitable returns from your trading, get in touch with us and we will demonstrate live exactly how we approach the markets.
Hopefully, you have enjoyed today’s article. Thanks for reading!
Have a fantastic day!
Live from the Platinum Trading Floor.
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The information you’ll find in this article is for educational purpose only. We make no promise or guarantee of income or earnings. You have to do some work, use your best judgement and perform due diligence before using the information in this article. Your success is still up to you. Nothing in this article is intended to be professional, legal, financial and/or accounting advice. Always seek competent advice from professionals in these matters. If you break the city or other local laws, we will not be held liable for any damages you incur.