Complete Beginner's Guide to Forex Trading 2026

Everything beginners need to know about forex trading: basics, account setup, risk management, and first trade strategies.

A comprehensive guide to everything you need before starting forex trading.

What is Forex Trading?

Forex (FX) is buying/selling currency pairs for profit. Trading USD/JPY means buying dollars and selling yen. The market operates 24/5 with leverage enabling small capital starts.

Domestic vs International Brokers

Domestic: Lower leverage (25x in Japan), margin calls, local regulation

International: High leverage (1000x+), zero-cut protection, offshore regulation

Zero-cut protection makes international brokers safer for beginners.

How to Choose Your First Broker

Key factors: ①Language support ②Low minimum deposit ③Bonus availability ④Regulatory trust

NEXUS picks: XM Trading (¥13,000 bonus), Exness (unlimited leverage), Vantage (copy trading)

Your First Trade Steps

1. Practice on demo account (minimum 2 weeks)

2. 打开 live account with small amount ($100-500)

3. Start with major pairs (USD/JPY, EUR/USD)

4. Always set stop-loss orders

5. Risk no more than 1-2% of account per trade

Common Mistakes to Avoid

• Going all-in with high leverage → account blow-up

• No stop-loss → massive losses

• Over-concentrating on one pair → poor diversification

• Emotional trading → loss spirals