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Second step
Now that you know what Forex trading
is about, you need some practice. The best
way to practice is to open yourself a free
dummy trading account. You can get a free
dummy account from various forex brokers on
the Internet. I suggest that you open a free
dummy account with
Marketiva. When you register your free
dummy account you will also get a $5.00
bonus in real money. Apply your knowledge
and trade on the dummy account until you
make a constant profit. Then start trading
your $5.00 real money. If you know what you
are doing you can grow that $5.00 to a
substantial amount.
Click here to open a free account with
Marketiva
You must also open a free dummy account at
eToro. Although
eToro does not offer the graphs for
technical analyses, their interface is in
the form of a Forex Game. It is much more
fun trading this way than looking at a graph
all the time. I use the technical analyses
from my Marketiva graphs to make my
decisions and then trade in my eToro
account. You can also win huge cash prizes
in the monthly eToro competition.
Click here for more details.
You must also open a free dummy account at
eToro. Although
eToro does not offer the graphs for
technical analyses, their interface is in
the form of a Forex Game. It is much more
fun trading this way than looking at a graph
all the time. I use the technical analyses
from my Marketiva graphs to make my
decisions and then trade in my eToro
account. You can also win huge cash prizes
in the monthly eToro competition.
Remember that even the best forex traders
still make loosing trades. The secret is to
make more winning trades than loosing
trades.
Once you make more winning trades than
loosing trades on your forex dummy account
you can start to trade your real money, also
called your live account.
Only after you started trading on your dummy
account you can look around for more
expensive courses and eBooks. By this time
you will know what the forex terminology
means and you will know if Forex trading is
for you or not.
One can never learn enough. If you get
frustrated, sign up for the video tutorials
of Marc McRae.
Click here for details or get the Forex
Trading Secret Method here! Both
of these helped me tremendously in becoming
a successful forex trader.
Once you get the hang of things, you can
upgrade to a professional forex trading
account. See the
forex brokers page for details. |
