Monday, July 27, 2009

How to Start Forex Trading

forex currency exchange

By hunter501

The Foreign Exchange Market or Forex is the largest financial market in the world with a daily average trading of $3.2 trillion can be a good place to earn money from home. Spot metals like spot gold (XAU/USD) and spot silver (XAG/USD) like currencies have a 24-hour market from Sunday 6:00pm through Friday 5:00pm ET. If you have the time, learning to trade Forex online can make you a lot of money.

Instructions

Step 1
First go to Forex.com and register for their online training courses. There self-study course has seven web-based lessons, which teach basic terms and concepts like pips, major and minor currency pairs Also, you will learn how to develop a personal trading plan using available tools and resources.

Step 2
Next, take instructor-led courses, which give you 24-hour access to a Forex instructor. You will learn how to react to major announcements and events, recognize trading patterns and trading opportunities.

Step 3
After you think, you are ready to start currency trading, go to Forex.com, and open a practice account. They will trade with $50,000 (not real money) with unlimited access for 30 days. After the 30 days, you will know if you are ready to start trading currency with your own money. For more investing strategies check resources below.

Tips & Warnings

Start with a practice account first.

Resources




forex currency exchange
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