How to start a trade through forex?

[Decub]

The basic thing is knowledge. Having acquired the knowledge, you can start by registering with Forex related forums and join the discussions to better understand how and best way to do that by learning from those who had been in the business for a long time.

 

[winuga]

there are many video lessons about forex available on the internet freely, i think it will helpful for new comers learning forex at the very first stage because usually visual learning gain more effective way to achieve knowledge more faster and better understanding

 

[barood4money]

If you have adequate theoretical knowledge then first focus at 1 major currency pair. And then start practicing at demo account with that pair. Take your time to analyse and study about that pair. When you get that you are quite confident and earning profit, then you can look at other pair.

 

[kate beckinsale]

first learn everything about it and then we should start the work without practice everything in this world is not possible so first be a practicised person and then start the work he has changed the life of many poor peoples

 

[Daisy]

I recommend you open a free demo at any broker. You can go to dailyfx.com and there are free demo there as well and they're a good website for pro opinions on the market. You can trade it for a month and if you do well then open a real account with a well known trusted brokers that give you bonus and forum posting bonuses and such. There are many forums that offer free forum posting bonuses for you to make more money with. You should be careful in a real account as you can lose a lot of money.

 

[Pettyeve]

How to start through trading in here in the forex market is not difficult. When the trader is ready to trade, he or she will open a training account with a broker and start learning how to trade from there. The reason why it is good to start with the demo account is to prevent him or or her from losing his or her capital.

 

[Decub]

The starting point is always the Demo account but the main reason do many eventually give up is the fact that they are not quite ready for Forex. By this, I mean, they don't really understand Forex and how it works. To them, it is Forex and they are trading in it.

 

[gkintl]

Beginning to trade in the forex market is not that difficult. All you need to do is choose a broker who suits your needs, open a real and demo account, practice trading and finally when you are confident play with real money. The big question that lies in front of many traders is "can I succeed". That is the most difficult think about trading in the financial market. It needs tremendous amount of determination, patience and mind control. Either a trader should have those inborn qualities or develop them. If a beginner can succeed in cultivating those virtues, forex trading will be a simple routine.

 

[UMOFX AIR]

Starting forex is not much complicated. spend some months in learning and some months in demo trading you will know all about forex market working. As much you will do practice this market will show its details to you .After it you can start forex as real trader.

 

[kasual]

Trading is just a matter of open buy or sell order. However, to make profit is different story. Traders should conduct analysis and open positions based on the trend market. And to enabling traders to analyze the market in proper way, no doubt that traders should take practice and learning. Tried too understand how the market works and it’ll help traders to be accurate more in predicting the price movement outcome.

 

[Decub]

Understanding the basics forms the most important part of the beginning of Forex. It is at that point that the newbie knows which step becomes the best and of which type of trader he chooses to become. The quest for some quick money might lead a trader to make some wrong decision in that early stage which hurts him thereafter.

 

[CahCuncun]

Understanding the basics forms the most important part of the beginning of Forex. It is at that point that the newbie knows which step becomes the best and of which type of trader he chooses to become. The quest for some quick money might lead a trader to make some wrong decision in that early stage which hurts him thereafter.

Yes, we must understand the basics of forex trading. If we do not understand how we can get maximal result in forex trading. There is demo account in forex trading, we can use it to understand the basics of forex. Then, try to test our skills using real account with small amount. $10 can be used for trading with TenkoFX.

 

[tray]

We really need to put our effort and learn from our demo account also from the professional trader if we actually want to get the best servicess so far in forex.
Also we must take webiner which is within our reach very serious

 

[kasual]

It start with learning. Traders read material source which support their knowledge development. And thus, implement knowledge into practice. Traders need to get personal experience and measuring whether their knowledge enough or not to handle the risk and make themselves to be profitable as a trader.

 

[budado]

In forex trading I want to divide it in three parts. One is learning and the other one is getting funds and the other one is earning. Now in learning we need to make sure that we get the proper learning experience by trading in demo account. In getting funds its good to be active in ptp forums and in earning. its best that we get good broker site.

 

[MaTa]

I would recommend some trading software that does most of the work for you cause it's a great pain to sit all the time front of the screen. This is how I started and I'm doing fine. Of course I had some great mentors also

BR.

MaTa

 

[TenkoFX]

In my experience, many, if not most traders, tend to skip over learning the basics of Forex trading. They don’t understand what the Forex market is or why it exists and how it works. While it may seem like you can ignore learning about the basics of Forex, doing so is a very big mistake that many beginning traders make, and many don’t even realize they are making it.

 

[Babar222]

I think every trader must learn the basics of Forex first and then choose a good and reliable broker.Once you've found a broker, the next step is to test drive its software by opening a demo account. The availability of demo or virtual trading accounts is something unique to this market and one that you want to exploit to your advantage. Your goal is to learn how to use the trading platform and, while you're doing that, to find the trading platform that suits you best. Most demo accounts have exactly the same functionalities as the live accounts, with real-time market prices. The only difference, of course, is that you are not trading with real money.

 

[budado]

Its good to find a reliable forex broker first. Then you can open a demo account in their and practice. In this way you will be familiar with the broker site that you are using and same time learn how to trade. This is what I do.

 

[Decub]

It doesn't really take you anything unusual from what you are used to. The only threat Forex poses is when you don't have adequate knowledge to trade-in it. That means a trader should firstly consider his level of education and skills of Forex, practicing in the Demo is one thing that gives this degree of assurance about starting up trading.