Sunday, December 27, 2009

Starting forex trading online

To make money from forex you really need to learn a lot of thing.
1. First you need to learn some forex terminology.
2. Then you need to learn how to analyze the market so you can make a decision to buy or sell. There is fundamental and technical analysis.
3. You need to learn about money management and some forex strategy. This will be very useful to save your money when you put wrong position.
4. After you learn about all of that you need to choose which currency pair that will you use to do your transaction. Then you need to focus your self with that currency pair to learn its market behavior.
5. Try your strategy, money management, indicator, expert advisor and analysis into your chosen currency pair in DEMO ACCOUNT. remember that in DEMO ACCOUNT first not in real account.
6. Try on DEMO ACCOUNT for minimum 6 month and than if you sure that you can get profit from it you can start trading forex online.

After you you are ready you need to:
1. choose a good registered and trusted broker.
2. if you want to use VPS (Virtual Private Server) you can start to choose the best VPS too
3. then you are ready to trade.

GOOD LUCK!!! friend.

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