HOW TO START TRADING IN 4 EASY STEPS
1. Open an account with ACM INDEX
An account with ACM INDEX is a great way to start trading in the foreign exchange market. You'll receive an email with all the necessary details, and you'll be able to manage your funds and participate in our promotions.
2. Make a Deposit
No commissions are required when making a deposit at ACM INDEX. The minimum deposit is $25.
According to the Risk Management basics, the more funds you have, the fewer risks you are exposing yourself to.
3. Sign in to the web-based platform
The web-based platform of ACM INDEX is very easy to use, and it allows you to trade from any device. You can also download a desktop version or an Android app.
4. Start trading
Open an order
If you expect the price to go up, then open a Buy order. If you think the price will go down, then open a Sell order. This method allows you to profit from the difference between the price and the buy order.
Price direction. Buy-Sell orders
Set Leverage
Leverage allows you to maintain a certain position while allowing you to trade with a larger volume than would otherwise be possible.
For instance, let's say that you have a 500 USD account and a 1:500 leverage. You decide to open a position for 100,000 units on the EUR/USD. The required margin is 226.83 USD.
The price of the EUR/USD should only fall to 1.13145 to lose all of your money. If it does, then your loss will be 135 USD.
This should be taken into account when making a trading decision and evaluating the potential risk of an adverse price fluctuation.
Predict the Price Movement
As a new trader, it's important to keep track of the general direction of the market and open buy or sell
orders when it goes up or down. This method is very helpful in developing a strategy.
Predicting trends - Uptrend - Downtrend - Sidetrend
If you have little or no experience, it's best to avoid trading during important news releases. However, there are several advanced techniques that can help minimize losses.
Make a profit
Various strategies can be used to make money from currency price fluctuations. These include martingale, scalping, and news trading.
Close an order
Your profit depends on the current market price and can fluctuate until it reaches the moment that you close it.
Before you start
In addition to learning about the various terms and concepts that are commonly used in the market, you can also expand your knowledge by taking advantage of our Education section. This will help you improve your trading skills.