Learn Forex – The Essentials
Forex trading has is essentially trading on the rise and fall of foreign currencies in the foreign exchange market. Over $2.1 trillion US dollars of currency trades take place on a DAILY basis – its a truly massive market, with massive potential for savvy traders. Forex trading takes place 5 days a week, 24 hours a day and is a global marketplace.When you learn forex you’ll see that as a forex trader you choose a pair of currencies that you think will change in value against each other. You make a trade on which currency will become stronger or weaker and be how much. For example lets say you could get $1000 Euros for $1200 USD and in the morning/
Getting Started – Stage 1: Open a Forex Account
The best way to learn forex is get started. Find a respected and trustworthy Forex Broker, one that caters for beginners and offers beginner friendly forex graphs, trading tips, online tutorials and encourages small trades as you get started.Fund your account with a small amount, even as low as $100, and start by watching the markets and reading the various online tutorials. Then start by doing a few small trades. Don’t worry if you make a loss at first, this is part of the process. Learn forex through your mistakes and keep studying the market trends – trust your instincts and develop a pattern and soon you’ll be earning $$$$’s.
Generally we would advise funding your account with real cash, rather than using a test account, as the research and our experience shows you make different decisions when its your money not just for fun. But start with a small amount, making small trades, until you feel confident enough to move in to larger amounts.
Now your ready to get started, enjoy and good luck – we’d love to hear your success stories!
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