Posted by forex at 3:22 AM
Read our previous post
Learning the Basics
1. Navigate to http://www.golearnforex.net/forex-101-classroom.html, and go through all 23 class sessions starting with the introductory session. Another great study resource is www.forexonlinelearning.com.
2. Go back and review the glossary, because terminology is important in foreign exchange currency trading. This is lesson 9 of the tutorial mentioned in Step 1 (http://www.golearnforex.net/forex-101-classroom.html).
3. Research Forex trading platforms to see which one meets your needs. Several good ones for beginners include Oanda, eToro and ForexYard. (See http://forextradingplatformreviews.com.)
Take Baby Steps
4. Set up your foreign exchange currency trading account according to the directions on the site you have chosen.
5. Complete the site's online training on how to use the platform.
6. Choose one or two currencies to monitor and trade. Some favorites include Japanese yen and the Euro.
7. Set up news alerts for the countries whose currencies you have chosen, because current events have a big impact on the value of currency.