To be able to make a safe investment in Forex, we must first understand what forex and how it works. Then we have to practice trading until it's proficient with a demo account. In addition to practicing trading skills, we also have to learn about Money Management and Risk Management.
That is the basic knowledge that must be understood so that we can invest in forex fields safely.
If the basic knowledge of forex above already understands, then the next thing we have to prepare is capital. The small amount of capital is relatively dependent on the ability and the amount of our profit target.
For beginner traders the ideal target is 1% to 2% per day so that we are not burdened with a large target. To reach the daily target we only need to get 10 to 20 pips per day. So if the capital we have is 100 $ then the realistic profit target is 1 $ to 2 $ per day. If we want to get a greater profit then we must also increase the amount of capital.
Don't forget every transaction we do must always install a stop gloss to minimize the potential loss and so that our trading account does not experience a call margin.
