Thread: Tips on How to Start Forex Currency Trading

If you have envisioned yourself as a successful forex trader, now is the time to make your dreams turn into reality with these forex trading tips. These will help you enhance your skills, knowledge and attitudes towards this business endeavors.
TIP 1: LEARN THE BASICS
The first thing you should do is to learn how to start forex and how to keep it moving and keep you earning. There are dozens of articles over the internet that provide instructions on how to deal with forex trading. However, you should seek for the ones that were written by successful forex traders, because they are the guys who usually know how to go around the market.


TIP 2: CHOOSE THE PERFECT BROKER
The second tip you should keep in mind after knowing the basics is to choose the perfect brokerage firm. This step is quite difficult, but as an advice, look for a firm that is reputable enough and knows how to compute for the exact currency price. It is also advisable to choose a firm that presents data analysis and a breakdown of information.


TIP 3: SET-UP A DEMO ACCOUNT.
The last tip for you to remember and to keep is to opt for a good demo trading account over the web. These demo accounts will train you properly in handling trading tasks and these will also equip you with more skills on how to deal with extreme situations.


Forex trading is a fun experience, not to mention, a rewarding one. You just need to know how to get along with the market so that you will not lose track of the industry.

Yes, Choose a right is important for the newbie. All Forex Broker offers good promises of success upon investing. But it is wise to make sure your chosen Forex Broker is reputable and trusted before deciding to do business with them. So i recommend to have TenkoF

keeping these points in mind a newbie should read feedback of various broker and based on that, should decide further course of action.

Of course, the first step we must learn and understand about forex trading, including how to choose broker. We must start trading with demo account first. It's good for us to learn how to trade in forex without risk. I also still use demo account from TenkoFx to hone my trading skill further more.

Originally Posted by CahCuncun

Of course, the first step we must learn and understand about forex trading, including how to choose broker. We must start trading with demo account first. It's good for us to learn how to trade in forex without risk. I also still use demo account from TenkoFx to hone my trading skill further more.

Demo accounts are very good for the introduction of trading, both systems; trading discipline or money management. But a trader must know that a demo account is very different from a live account (will be better to informed the advantage and disadvantage before suggesting the use of a demo account for new traders), after the introduction, use the real account will become the best advice to better train the ability to trade, you should use a micro account first before using more money before we actually were able to manage risk with a micro account. after that we can use welcome bonus 15 Euro from Armada Markets

In my view one can start up with his own investment, but only if he has knowledge and experience and that is something that can be gained with hard work and effort that we make, if we are not able to do that then we will struggle badly. We should also look to start with things that are simple and straight forward, if we don’t do that then we will be in big trouble.

At the moment I am using OctaFX broker with their 8 USD no deposit bonus to help me perform well while another massive advantage is their low policy which is very simple and easy that makes trading all too good and makes me highly comfortable even in this giant world of trading!

Chose a good broker and work hard with your knowledge in order to get success in the Forex Market, it is as simple as that.

I have been doing Binary Option trading and I have found it extremely useful especially in start with wonderful support by FMbinary.com broker, it’s a top class company with having excellent system for beginners. They allow us to get massive bonus up to 100% on deposit, it’s a really great amount to get for starting and that too with just 100 USD deposit, so this is a rare company which really makes trading look too easy not just for experts, but even for new comers.

I would recommend starting with OctaFX broker like I did, it won’t ask us to invest because they have free 8 dollars no deposit bonus available to be used, it is there to make us trade easier and that is always what leads to been successful while their option range is perfect with having over 50 currency pairs + commodities + indices and much more to select from while they even have 24/5 active support stuff to help us out on everything.