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First step to Forex SuccessFirst of all you must know what forex trading (also called currency trading) is about. Before you do anything else you must first download and read the "Basic Forex Trading Guide Click here to download. Then READ this eBook. It explains in detail what Forex trading is and how you would know when to buy and when to sell. | |
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 Marketiva will only charge your card with $1 to verify your 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. Click here for more details. 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. | |
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2 comments:
To get started, once you've located a brokerage you would like to work with, you should open up a demo account, so you can start making practice trades.
Forex Managed Account
There are many ways to make money online but I will sincerely tell you that the most profitable and best way is Forex trading, A system have been develop in Forex market which called Social trading .. This system can bring you daily income even without you knowing anything on Forex market..
You don't believe me ?
Their are lot of professionals who are waiting for you to give them assignment on their professional feed,they have tools and they are expertise in this Forex market, even most of them trade for companies,they are also ready to work for you too and you are loosing no fund to Forex market
The step by step guide has been posted on
http://forexsocialtrade.blogspot.com/2015/01/guide-on-how-to-make-money-on-etoro.html
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