2006-08-26 11:47:44 · 2 answers · asked by glp49 1 in Business & Finance ➔ Investing
Firstly spent some money on educating yourself Secondly, learn all about technical analysis. Thirdly practice on a DEMO account for at least 6 monts. During that time test your trading strategy and hypothesis. Till you think you have a style of your own for a start. If you cannot resist the temptation of a real trade , go for a mini account, there are several sites that have mini account. I use FXCM. It works great for me. For a start i would suggest get hold of Dr Alexander Elders Forex trading books. They are excellent for beginners. It not only talks about the technical aspect but also the psychology of trading, of taking a trade. Of taking a loss. Of taking a profit. Believe me. 80% of the game is a mental game. Traders make or break right here. Imagine there are millions of traders out there from small to big. If nothing else get hold of that book it will reveal Forex Trading in a very real and practical way. http://www.geocities.com/lcming/ForexForex
2006-08-27 13:48:49 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Best way to learn is through the experience of people, trial and error and of course as many sources as you can use anywhere including the internet. Also try to look for a forex trading forum, they help me a lot with many things i find hard to grasp. also e books on forex trading are good.
here are links below that i find useful which deals with forex trading. Also
2006-08-26 15:17:35 · answer #2 · answered by Dreamer 3 · 0⤊ 0⤋
go to
http://www.forex.com they give you a pratice account to practice on your currency trading
2006-08-26 19:19:39 · answer #3 · answered by Hoa N 6 · 0⤊ 0⤋