Anyone can trade on the foreign exchange market. In this article, you will learn what forex is all about, as well as how to become a successful trader.
Choose a single currency pair and spend time studying it. You must avoid attempting to spread you learning experience across all the different pairings involved, but rather focus on understanding one specific pairing until it is mastered. Pick a currency pair, read all there is to know about them, understand how unpredictable they are vs. forecasting. When starting out in Forex you should try to keep things as simple as possible.
Open two separate accounts in your name for trading purposes. One is the real account, with your real money, and the other is the demo account. The demo account is the experimental account.
When forex trading, you should keep in mind that up market and down market patterns are …