Monday, February 19, 2007
I want to get involve in forex trading.? -
I heard about forex trading, how can i get involve in it.What is the first step to be done and the next steps? You need to read everything about Forex so that you learn as fast as possible how to make money in this market. You can start by reading free websites or ebooks. http://www.forextopten.com/ http://www.freeforexebook.org/ Then you must open a demo account with a broker so that you can practice your trading without risking your real money. Finally you can buy a good book or system to help you improve your trading. you can look up for reviews websites like http://www.topforexeducation.com/ in order to easily compare the different products. The first step is to learn as much as you can about forex before you even consider actual trading. Second step is to try forex trading by opening demo account. Various forex brokers and trading platforms allow you to open free demo account where you will be able to experience trading with quot;virtual moneyquot; instead of real money. These accounts are great for beginners. Demo account will show you whether you are able to make money on forex or not. Third step is actual trading and should only be undergone if you completed previous steps. To start actual trading find forex broker, open account and start trading. Trading forex is not a way to get out of debt and to get quick cash if you are in desperate need for money. You should only trade with money you can afford to lose. Good luck! Best regards, If you are new, don t just jump in whatever anyone says. Learn the trade first. Read as much as you can and open a forex account but don t do any real trade until you are ready. Just keep on practicing on paper trades. Most brokers allow for this. When you are really ready then do small trades first. You may want to try one of the new forex autopilot software systems like Forex Raptor, Forex Killer, Forex Assassin, Forex Beater ....etc. There are quite a few and they are generally easy to use and is fantastic for new comers. But remember to do paper trades until you are sure you know what you are doing. first you got to start a account and then you should decide on the investment part and know the ethics in forex trading. Educate yourself on forex trading. I agree you should not do real trades until you are ready. Register with a broker and do paper trades. Focus more on fundamentals than technical analysis. Economic news analysis is what moves the markets. Here is a free site that shows what has happened after economic news releases: http://www.forexnewspatterns.com Here are some good trading guides here: http://www.estocktrades.info/guides.php
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