The Absolute Beginner's Guide to Trading on MEXQuick Take these steps …
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Step 1: Know the Key Terms
Learn the terms before trading.
Key terms on MEXQuick:
CFD: Trade the price difference, not the asset itself.
Spread: The cost to enter a trade, difference between Ask and Bid.
Lot Size (Volume): Start with the smallest possible (e.g., 0.01 lots).
Use leverage cautiously, preferably 1:1 initially.
Margin: Your money locked as collateral to open a trade.
Always use SL on every trade.
Take-Profit (TP): Pre-set order to lock profits.
Step 2: Master the Platform with a Demo Account
DO NOT DEPOSIT REAL MONEY YET.
Actions to Practice:
Practice opening trades.
Adjust volume and lot size.
Set Stop-Loss and Take-Profit immediately.
Practice exiting trades.
Adjust SL/TP on the fly.
Practice analyzing trends visually.
Take time to master demo trading.
Step 3: Develop a Dead-Simple Starting Strategy
Start with highly liquid assets.
Begin with trend analysis.
Trend Recognition:
Buy in an uptrend.
Sell in a downtrend.
Avoid trading online demo free MEXQuick, when market is ranging.
Entry on smaller timeframe (1-Hour).
Stop-Loss: beyond recent low/high.
Secure reasonable profits.
Step 4: Protect Your Account
Never trade without SL.
Limit each trade to minimal risk.
Avoid chasing losses.
Test emotions with small capital.
Learn from each trade.
Executing Your First Trade:
Identify market trend.
Plan: Pullback entry, set SL/TP.
Ensure SL risk ≤ 1%.
Execute: Enter trade, set SL/TP.
Detach: Let trade run, do not cancel SL.
Start here. Be patient. Trading is a skill that takes months to develop.
Learn the terms before trading.
Key terms on MEXQuick:
CFD: Trade the price difference, not the asset itself.
Spread: The cost to enter a trade, difference between Ask and Bid.
Lot Size (Volume): Start with the smallest possible (e.g., 0.01 lots).
Use leverage cautiously, preferably 1:1 initially.
Margin: Your money locked as collateral to open a trade.
Always use SL on every trade.
Take-Profit (TP): Pre-set order to lock profits.
Step 2: Master the Platform with a Demo Account
DO NOT DEPOSIT REAL MONEY YET.
Actions to Practice:
Practice opening trades.
Adjust volume and lot size.
Set Stop-Loss and Take-Profit immediately.
Practice exiting trades.
Adjust SL/TP on the fly.
Practice analyzing trends visually.
Take time to master demo trading.
Step 3: Develop a Dead-Simple Starting Strategy
Start with highly liquid assets.
Begin with trend analysis.
Trend Recognition:
Buy in an uptrend.
Sell in a downtrend.
Avoid trading online demo free MEXQuick, when market is ranging.
Entry on smaller timeframe (1-Hour).
Stop-Loss: beyond recent low/high.
Secure reasonable profits.
Step 4: Protect Your Account
Never trade without SL.
Limit each trade to minimal risk.
Avoid chasing losses.
Test emotions with small capital.
Learn from each trade.
Executing Your First Trade:
Identify market trend.
Plan: Pullback entry, set SL/TP.
Ensure SL risk ≤ 1%.
Execute: Enter trade, set SL/TP.
Detach: Let trade run, do not cancel SL.
Start here. Be patient. Trading is a skill that takes months to develop.
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