CARA TRADING FOREX DENGAN MODAL 100 RIBU

Introduction

This tutorial provides a comprehensive guide on how to start trading forex with a minimal investment of 100,000 IDR. It covers essential steps, recommended applications, and fundamental concepts needed to navigate the forex market, specifically using the Finex platform and the MT5 trading software.

Step 1: Starting Forex Trading with Minimal Capital

• Understand Forex Trading: Forex trading involves buying and selling currency pairs to profit from exchange rate fluctuations.
• Set a Budget: Begin with a small capital of 100,000 IDR. Ensure this is money you can afford to lose as trading involves risks.
• Choose a Trading Strategy: Research simple strategies such as scalping or day trading that can be effective for small capital.

Step 2: Recommended Trading Applications

• Finex Application: Download and install the Finex trading app, which is user-friendly and suitable for beginners.
• MT5 Platform: This is the MetaTrader 5 platform, widely used for forex trading. It offers advanced charting tools and features.

Step 3: Tutorial on Using the Finex Application

• Create an Account: Sign up on the Finex platform through the registration link provided in the video.
• Deposit Funds: Transfer your initial capital (100,000 IDR) into your Finex account.
• Explore the Interface: Familiarize yourself with the app's layout, including how to access charts, place trades, and manage your account.

Step 4: Connecting MT5 with Finex

• Download MT5: Install the MT5 trading software on your device.
• Login to Finex: Use your credentials to log into your Finex account within the MT5 platform.
• Setup Server: Select the Finex server from the list to establish a connection.

Step 5: Basic Understanding of Trading Concepts

• Currency Pairs: Learn how to read currency pairs, which indicate the value of one currency against another.
• Pips and Lots: Understand what pips are (the smallest price movement) and the concept of lots (the size of your trade).
• Leverage: Familiarize yourself with leverage, which allows you to control larger positions with a smaller amount of capital.

Step 6: Setting Loss and Profit Parameters in MT5

• Stop Loss and Take Profit:
  • Stop Loss: Set a stop loss to limit potential losses on a trade.
  • Take Profit: Set take profit levels to automatically close trades when they reach a desired profit.
• How to Set:
  • Right-click on your open trade in MT5.
  • Select “Modify” and enter values for stop loss and take profit.

Conclusion

Starting forex trading with a small capital is achievable with the right approach and tools. By following the steps outlined in this tutorial, including setting up your accounts with Finex and MT5, understanding basic trading concepts, and managing your risk effectively, you can embark on your trading journey. Remember to keep learning and stay updated with market trends to improve your trading skills. For further information, consider exploring resources and communities related to forex trading.