With the world being hit by the COVID-19 pandemic, becoming a forex trader is a suitable solution to keep making money from home. The forex market can be a business ground for those who want to earn extra money and income during today's difficult situation.

Forex can also be a good investment. Not all investments are profitable amid the current COVID-19 pandemic. Current deposit interest rates are low, while the current stock price is even dropping. Hoping to be able to get additional income from these two investment instruments doesn't feel right.

From now on, one way that can be done to still be able to make money is by trading forex because the profit opportunities can be obtained from two directions. Forex trading can also be done following government recommendations to stay #stayathome.

Forex Trading is Easy and Can be Done from Home

Even though trading is easy to do, some forex trader think that forex trading is difficult because it requires sophisticated gadgets. Some beginners think that great traders are those who have a capable computer or laptop with many monitors.

Coupled with the assumption that if you want to enter the world of forex trading, you must master mathematics and statistics, must understand economics, politics, and must be able to read charts and use several complex and many indicators.

In essence, forex trading is difficult and complicated. All these assumptions are not necessarily true. If you think like that, it is not the trading that is difficult, but you are the one who makes it difficult to do and live with.

For those who want to enter the forex business, it's a good idea to learn it first. There are some basic and quite important things that you need to know before getting into forex trading transactions. Therefore, you need the best forex broker partner like Didimax.

Tips Before Starting Forex Transactions and Becoming a Pro Forex Trader

The first thing to do before entering the forex market is to choose and choose a forex broker that suits your needs. Local and foreign forex brokers currently operating in Indonesia are numerous and easy to find.

Starting from fake ones, who do not have a clear office and legality, to the trusted brokers that are officially regulated by Indonesian government. You need to be vigilant! Usually, the ones who are most aggressive in doing promotions on the internet are brokers who have unclear credibility.

To minimize mistakes in choosing a forex broker, you can find information about forex brokers that have clear regulations and legality through the official website of the Commodity Futures Trading Supervisory Agency. One of them is Didimax forex broker.

Also, the forex broker you choose should be a member of the stock exchanges, namely the Indonesian Futures Exchange and the Indonesia Commodity and Derivatives Exchange (ICDX). You can get information like this easily on the internet. Pro forex trader always has an official broker partner.

Every forex broker in Indonesia has certain types of accounts that are offered to each of its prospective customers. Each of these accounts has its advantages. Therefore, it would be nice if you choose a trading account based on your needs and trading style in forex trading.

Understanding Money Management and Risk Management

When you decide to conduct forex trading transactions, you must be careful in managing and managing your finances and risks per transaction. As we know, risk is inherent and always exists in every business. Thus, this risk cannot be avoided, let alone ignored.

Instead, this risk is suppressed and minimized as best as possible through capital and risk management. Therefore, you need to understand and implement sound capital and risk management in this forex business. Management is everything for a professional forex trader.

Regarding capital and risk management, you can start from the way you set the risk limit that you are ready to bear every time you make a transaction. The goal is to regulate the resilience of your funds so that you do not experience large losses.

For example, you have a fund of more than 50 million Rupiah. You set the risk in the range of 5 million per transaction. With capital and risk management like this, you will have the ability to trade 10 times to get the opportunity to profit.

Besides that, you also need a trading plan. Didimax can help you to understand how to make a good trading plan. Forex brokers like Didimax will be useful and help you to become a professional forex trader.