When you’re new to forex trading, it might seem very confusing when you first take a look at it. I remember myself when I first visited a forex broker after a friend had told me how profitable it was. I took a look at all the graphs and digits and wondered whether this was really for me. Anyway, I’m not the kind of person to give up straight away, and I’m glad I didn’t. It really only took me a couple of days to get the hang of it, and I’m still learning new things every day, and that is why I like trading so much. You can never get fully learnt, and you can always make your profits more substantial.
So, how does one go about learning currency trading? I guess there are several ways to do it. The way I did it was by simple searching the internet for guides and strategies for beginners, and I came across a website called forextrading.pm. They offered a selection of beginner’s guides that was perfect for me. So I spent some time learning the basics of currency trading, and then I had a look through their review section of different brokers, selected one and decided to create an account. For spanish traders there’s another website which can be useful called mercado de divisas.
Now, the great thing about forex brokers is that the majority of them offers something called a demo account. This means that you can open an account, which has all the features of a regular account, but it offers you the chance to trade with money that isn’t real. This is the ideal way to learn in my opinion! This way you can sort of get an understanding of how the market moves and changes, and you can do so without having to put your own money on the line. Once you’ve got it figured out, you simply upgrade your account and make a deposit. As a side note, I’d like to point out that it gets a bit different when you trade with real money. Although the market is the same, and you’ve got all the features in the demo account, the fact that it’s now your own money you are trading with makes a difference. You’re not going to want to take as many risks as you did before.
A lot of forex brokers also offer their clients free guides and strategies, both for beginners as well as professionals. This is definitely something to look for when you choose your broker!