What you have to know
about forex.
To trade Forex, certain
aspects you should take into account.
The “DO”s
Study how the “Forex Market” works, it’s
origins, basic information. Compare it with different options, such as
“futures”, ”stocks”, shares”…Start reading the news related to economical,
political and social factors of the main currencies countries(dollar,
euro, yen, etc.,). Take the fundamental
analysis(the news, social
indicators…)and the technical analysis(graphs, moving averages and more…)
into account. Fundamental analysis will tell you what shall happen with a
certain pair while technical analysis will tell you how it was affected.
So, follow the trends, study the news, view the graphs…Try to practice by
“predicting” a certain reaction of the Market to data release (news) and
see if you made it.Learn to make mistakes. This is the only way to learn. If you
make mistakes with your DEMO, then you won’t make the same ones with a
real account. Try to go to all the links section. You will
find instructive links, news links, and many more. Search the web, review
different brokers, see opinions. Do research.Review and compare the different brokers. When
you find the broker of your choice, download their DEMO and open your
virtual account with the amount you would choose in a real account.