In trading, there are the three magic E’s you definitely need to know about: easy, exciting and efficient. Discovering the basics in 30 minutes is more than real, and we can prove it — so can millions of our users.

Making money with Forex or crypto is possible for everyone. If you’re willing to try hard and learn, you’re on the right path. All you need to start is a phone and an open mind. You can trade from any location — at home, on vacation, in a car or elsewhere. Any corner of the world will do.

So, what’s the main idea? It’s all about forecasting the upward or downward movement of an asset’s price. But it’s not about guessing. Prices are driven by global supply and demand. The higher demand or the lower supply, the bigger the price and vice versa. Although, there are also political and economical factors to account for. Analytical tools like an economic calendar and different charts will help you navigate the markets better and plan the next move.

Knowledge is power: The more you know, the higher your chances for success are. That’s why we offer plenty of educational materials that are always available to you throughout your journey. We’re here to support your every move. The moment you dig into the basic concepts and your head doesn’t spin when you hear about pivots or entry points, you’ll be closer to becoming a well-off trader with your own trading style.

What does it take to become a successful trader and profit bigtime? A smart strategy! No need to reinvent the wheel — you can pick any ready-made strategy you’re comfortable with. They’re used to spot the best moment to enter a trade.

A trading strategy implies both technical and fundamental analysis. The terms may sound scary, but the whole analysis thing is actually so easy and helpful — you don’t have to be a financial expert to catch on.

Fundamental analysis is based on world news like the announcements of market giants, corporate earnings reports and even... tweets! Take Elon Musk, for example: His social media posts provoke strong feedback and give the financial and political scene a nice shake-up. Being aware of these events can give you a clue on how they influence the price of a certain asset.

Technical analysis involves charts and indicators to help project whether an asset’s price will go up or down. Indicators are special programs with built-in price behavior algorithms. Using indicators, you can find price patterns signaling a trend direction. Of course, an indicator is not a crystal ball for predicting the future, but it helps to muffle the market noise so you can make an informed decision.

Technical and fundamental analysis go hand in hand. It’s better to rely on both to get the most out of them. Be prepared to read a lot, watch relevant videos and listen to podcasts — they’ll help you figure out your own approach. Keep on learning to start earning!

Warren Buffet used to say: “Rule number one: Never lose money. Rule number two: Never forget rule number one.” The main reason why newbies lose money is not from insufficient price forecasting but lack of knowledge about money management.

What does it mean? First thing — never stop learning. Read, watch, listen and absorb. Money management is all about handling your funds wisely enough that it doesn’t vanish into thin air. Power players in the trading world never neglect basic risk assessment rules. That’s where their power comes from.
So, pay attention to the following:

• Market analysis methods. Neither technical nor fundamental analysis can be 100% correct. There is always a risk of error. Your goal is to reduce that risk.
• Principles of psychology. You cannot avoid your emotions, that’s for sure, but they should be controlled. The easiest way to pull yourself together is to only make trades during certain periods. You can open a new trade once an hour, for example.
• Drawing up a plan. Money likes precision. A trading journal is a good way to keep track of your gains and losses to analyze them.
• Backtesting strategies. If it works well on a demo account, go try it out on a live account. If it doesn’t work, step back and look for a better idea.
• Setting a Stop-Loss. This limit prevents your trade from dropping too far and losing your whole deposit.

So, keep your eyes open, never put all your money in one basket, and don’t dive into the unknown. Learn, learn, learn.

Technical analysis focuses on charts, graphs and indicators to review historical price data. As we all know, history repeats itself over and over. To follow historical trends and catch up on them, you should observe the market sentiment, which is easy to do online these days. Any platform worth its salt has these features integrated, so you won’t have to look around for them.

As opposed to fundamental analysis, technical analysis is usually for short- and medium-term predictions. The goal is to understand when the asset’s price will rise or fall. Combining timeframes will help you cross-check your pattern observations.

Support and resistance levels are there for you to assess trends. A resistance level is the roof of the price. If this roof is hit, the price is quite likely to dip down. On the other hand, a support level is the ground. When the price reaches the support level, it bounces up again. Both are key to technical analysis. No matter what strategy you choose, don’t forget to combine it with these two indicators for a better vision of the market situation.

We recommend you use technical and fundamental analysis together. They provide essential insights into an asset’s price behavior and help you make well-thought-out decisions.

Fundamental analysis involves looking through economic reports and world news. It’s not the same as technical analysis, which involves studying charts to identify patterns or trends. So choose The Economist over Netflix for a while and see how it goes.

Think about what prices and charts represent: global economies, enterprises, people, products, money... These notions are primary. Fundamental. Unlike technical analysis, fundamental analysis focuses on a longer timeframe. However, consider using them both in trading to skyrocket your chances for success.

In fundamental analysis, you need to focus on how a company or economy is doing. Are things going well, or not so much? The better shape a country’s economy is in, the more businesses and investors it’ll attract. If a country has a bustling economy, that’s a direct signal to purchase its currency. If an economy is in trouble, its currency loses value and weakens against other currencies in the market.

It works the same way for stocks: If a company’s business is expanding and sales are growing, its stock goes up. If a company is struggling, traders should think twice before investing in it.

Don’t let fancy terms like macroeconomics or geopolitics fool you. Fundamental analysis is on your side. It helps with figuring out the real value of a currency or stock by assessing the strength of the respective country or company in the market. Stick to trusted resources, listen to expert opinions, and develop a fundamentally sound approach to trading.