Monday, June 8, 2009

How To Trade Forex?

Many people want to know how to trade forex. Forex trading used to be the preserve of big institutions like banks, corporations, hedge funds and wealthy individuals three decades back. But with the coming of the internet age, forex trading is now available to almost anyone who is interested including individual small time investors like you and me. You only need a good high speed internet connection and a computer to start.

But how to trade forex. In the beginning everything looks complex. It's like learning to play tennis. You have the racket but you don't know how to hit the ball. Well just like in tennis first you need to practice hitting the ball, same here in forex trading. You will need to practice on your demo account.

The best thing for the beginners is open a demo forex trading account. You can easily do that in five minutes. Just go to the website of any forex broker and you can open a demo account. It is as simple as that!

What is a demo account? It is an account where you get real data and real charts and you can open and close trades with virtual money. In other words you will use fake money and practice forex trading. Practice as much as you can. Within a few weeks you will be confident enough to start forex trading on a live account. This is the answer to how to trade forex.

Now many forex brokers use metatrader platform. There are programmers out there who in collaboration with the forex traders have designed forex trading robots that can do trading 24/5 ( don't forget the forex markets are closed on weekends).

Now the best answer to the question: How to trade forex is that you can start trading forex with a robot on your demo account. Learn the settings. You can do that in half an hour. Install the robot on your demo account and let it run for a few weeks. By the way these robots are also known as Expert Advisors.

In a few weeks you will see yourself, how much money the robot has made for you on your demo account. If satisfied, you can go live. if not ask for the refund of the money spend on the robot. How much you have lost? Nothing! Not even a single cent. This is how to trade forex.

On this website, I recommend a robot that comes with a 60 days money back guarantee. Give it a try on your demo account. You will not lose a single cent. This robot can make you more than $100,000 starting from $500. So don't let it pass you by while others make use of it to make thousands of dollars while working from their kitchen tables.

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