Online currency trading or the foreign exchange (FOREX) provides an incredible opportunity for the average person.
1) You can set up a demo account for trading that will provide you with real time trading information. The feeds are real and the movements are real, this allows you to learn and tweak your trading style.
2) A new trader can start with a few hundred dollars. One BIG thing to consider is the leverage the FOREX gives you. A $300 account will enable you to control $60,000.00 worth of currency. That alone should peak your interest.
3) Successful Forex traders live a life style most people only dream about.
The foreign exchange averages 3.2 trillion dollars a day, which is more than stocks and commodities, combined. In addition, stocks have some pitfalls that are not present with online currency trading, such as insider trading or executives that “cook” the books.
Education is the key and the great thing is most of it is free to learn.
There are a few things you can do to start, first Google “forex” and you will see a lot of places that allow you to set up a free demo account. Next learn what technical analysis is and how to use it to your advantage.
In the event you need to ask some questions or have comments we are here to assist you. We are active traders, however, we are not brokers. So we will tell you our real opinion. Along with that you will have other traders placing their own experiences as well. So here is to learning forex.
Source by Mike Denson