You how to create a Forex Trading?

25 August 2008 by Trader rich

You can assume that you have some knowledge about currencies, either from a Web page or a book.I am not going to provide definitions of a beep or explain what a base currency is. There is a lot places your can find the information I provide is practical lessons for the beginner, the lessons that can help you straighten the learning curve. 

  There are a lot of information on forex, some good and some bad disappointing.  Watch out.  Forex trading is often interpreted as a way to get rich quickly-a company on the basis of the home.  This is further from the truth.  Forex trading is risky and although it is possible to turn it into a House, you need very capital and enterprises that rely on experience. To give you an idea, a very experienced and respected currency trader had the following annual performances: 71% in 2004, 433% in 2005, 53% in 2006 and 30% in 2007.  Suppose for a moment that was as successful as a trader and started 2007 as a company with $ 5,000 household Forex trading could live at 1500 $ in 2007?The dudo. No I try to discourage you try, but I think it is important to be realistic. If you dive in currency trading with unrealistic expectations, you'll get much. 

Maybe you read a book about forex, read something about trading Forex online, or you went to a seminar on trade.  This is something that interests you, something that you want to spend time, initially as a hobby and maybe one day to earn a living.  After you have this basic understanding, where to start? 

  I would recommend buying a book on forex, because it contains a little of everything.  Explains what is market currencies and answers to other questions.  Also, it should contain information about reading charts and technical analysis.  Read the book cover to cover. When finished, step by step 2 download and install Metatrader free trade and mapping platform.Prompts you to open a demo account after installation.You can download Metatrader from any number of digits.One such place is http://www.interbankfx.com. Playing with Metatrader to learn what features has started.You will not find Metatrader books in the library, but you'll find manuals, connected to the Internet is also a large community of users around Metatrader. you can find any of these communities by googling "metatrader Forum."Start implementing some of the things I learned from parts technical analysis charts book. Draw line voltage or add some indexes begin marketing professions también. No concern about how your compromised, or if you are going to win or lose. Just get some familiarity with how to make a single two comercio. Hay addresses you can negotiate, (acquisition) of long or short (sell), but there are many pairs divisas. Intente focus only on coherence in EUR/USD, GBP/USD, USD/CHF or USD/yen (the four most popular currency pairs.)

Three steps you need to be during the tiempo. Tomaren long occupied to familiarize yourself with all of the following, you can move.

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