Wednesday, February 28, 2007

What is the best FOREX software for beginners? -

Do any companiees teach online forex trading? Some forex brokers offer demo accounts with virtual money, so you can trade for free and see how it works. Many forex experts are against demo accounts as it is possible that the results are not realistic. Some online forex brokers also offer free support and free 1 on 1 training as you start real forex trading. Check out the source below: Forex is risky, so only invest what you can afford to lose. Also avoid using very high leverage. As it can bring you large profits quickly, it can also whipe your account clean before you even know it. If you invest large amounts of money, trade with leverage 1:1 (only your invested money) and don t trade with more leverage than 10:1. If you invest small amounts of money, you ll need higher leverage to make a profit. In this case don t go beyond 100:1. Greed can be your enemy No. 1. Hope this helps! Regards, You can learn a lot from a website or company that has no hidden agenda ie; trying to sell you something. I found a nice primer website on currency trading over here: mgnetwork.org They have some very good articles which explain many of the basics and pitfalls you should be aware before you start Report Abuse There are many websites that teach online forex trading. Among the best are www.forex4noobs.com and www.babypips.com For software that helps you determine when to trade, check out http://www.secretforexsignals.com

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