Many beginners in overseas forex trading have concerns like, "I'm somewhat interested in overseas forex, but I'm scared to open an account without knowing anything." Therefore, this article provides a complete guide, from the basic information that beginners in overseas forex trading should know to the process of taking their first trade. Even successful millionaire traders were once beginners with zero knowledge. Let's take your first step as a trader by understanding the correct information, advantages, and disadvantages. Contents 1. Basic Information Every Beginner in Overseas Forex Trading Should Know 1.1 What is Overseas Forex? Brokers based abroad 1.2 Using Overseas Forex is legal if done at your own discretion 1.3 There are 3 types of people for whom Overseas Forex is recommended 2. Advantages of Overseas Forex for Beginner Traders 2.1 You can start actual trading with zero capital 2.2 You can raise additional funds with deposit bonuses 2.3 Even with small capital, high maximum leverage is OK 2.4 There is no risk of losses exceeding the account balance 2.5 The forced stop-loss level is low 2.6 Many overseas Forex brokers offer Japanese language support 2.7 You can use other companies with a common trading platform 2.8 You can reliably earn income with cashback 3. Disadvantages of Overseas Forex for Beginner Traders 3.1 All overseas Forex brokers are unregistered with the Financial Services Agency 3.2 Deposit and withdrawal rules are more detailed than in Japan 3.3 Many accounts have wider spreads compared to domestic Forex 3.4 Taxes tend to be higher if income is high 3.5 There is a risk of unfair withdrawal refusal 4. 7 Criteria for Choosing an Account/Broker for Overseas Forex Beginners 4.1 5. Recommended 5 brokers for beginners in overseas FX trading 5.1 Vantage Trading | Account opening bonus worth up to 15,000 yen 5.2 Exness | If you want to start small-amount trading with leverage 5.3 FXGT | Ideal for those who also trade cryptocurrencies 5.4 HFM | Conditions that are well-suited for swing trading 5.5 TitanFX | For those who want to trade for a long time in a stable trading environment 6. Five points for beginners in overseas FX trading with low risk 6.1 Practice with an overseas FX demo account 6.2 Trade without deposit using the account opening bonus 6.3 Manage lot size by deciding on the amount of loss 6.4 Set stop-loss orders for stop losses 6.5 Do not deposit the full amount at once 7. For beginners! How to Start Trading in Overseas Forex 7.1 STEP 1: Open an account with the overseas forex broker you will use 7.2 STEP 2: Deposit money into your account 7.3 STEP 3: Download the trading tool (MT4/MT5) 7.4 STEP 4: Decide which currency pair to trade 7.5 STEP 5: Decide the direction of entry (buy order/sell order) 7.6 STEP 6: Press the order button to enter 7.7 STEP 7: Determine the timing to close the position 8.1 Points to note when overseas forex beginners start trading … Continue reading Complete Guide to Overseas Forex for Beginners | How to Start, Things You Should Know, Recommended Brokers, etc.