What is the best step to get into FOREX TRADING as a begginer? -

There is nothing wrong with being a beginner at Forex Trading. Rumor has it that all Forex traders started as a beginner at some point. I think what everyone is trying to warn you is to not invest or spend any money in the forex market until you know what you are doing. Many people enter the Forex market prematurely without understanding the risks or techniques to manage and reduce associated risks. These people very quickly lose their money. There are three important steps that will assist you in learning the workings of the Forex market. First, study the basics. I recommend http://www.babypips.com to all of my Forex colleagues Second, open a demo account and practice, practice, practice. With a demo account you will trade with virtual dollars instead of risking any of your own money. Third, find a knowledgeable Forex investor that would be willing to assist and guide you. You will find the Forex market to be quite interesting and potentially lucrative. You need to thoroughly understand the risks involved and learn how to best manage those risks. You will also find that any marketplace that has the potential to generate above average returns tends to attract more than it s share of questionable characters. Take your time and use common sense. Good luck, Paul The first step is to understand fundamental analysis. Then open a practice trading account. Then do mock trading for some time. Then do sample trading in your practice account. Probably if you are confortable, after that you can open a real trading account with a small investment. Alternatively you can open a trading account and follow what your trader or analyst does for sometime, then you can takeover and start trading all by yourself. I would suggest the second one, since you can interact with your trader and learn more than you would with a practice account. you can mail me at madgowkar@yahoo.co.in , i can probably give you more details. don t one of my teachers, Van Tharp, has been studying traders and trading for more than 20 years now. He used to start his intro seminar by saying that 49 out of 50 new traders will exit the markets within two years after having lost some, all, or more than all of their capital. {Other than as a customer, I have no relationship or interest in Van s operations.} *** Over here in America [I do not know where you are], we ve had a series of cases where the SEC alleges that bucket shops lured people into Forex trading with multiple lies and illegal actions, taking novice traders for thousands or hundreds of thousands per person. Please find out what a bucket shop is and why it would be profitable enough to induce scammers, con artists, and thieves to set them up. Then find out what it really takes to become a trader. {Hint: try the easiest, most general books from somewhere like TradersLibrary.com on the web.} [No, I have no interest in TradersLibrary.com other than as an occasional customer.] G day Beginners have no business doing FOREX TRADING. Raiddinn Beatdropper