Welcome to the grand world of Forex trading. Forex is a large world with many trades, trading techniques and more. It is incredibly competitive and often seems overwhelming for newcomers. Below, you will find some suggestions for getting started in forex.
Forex depends on economic conditions far more than futures trading and stock market options. You should know the ins and outs of forex trading and use your knowledge. Without understanding the factors that go into the forex market, your trades will not be successful.
Once you pick a currency pair to begin with, learn about that currency pair. When you try to understand every single pair, you will probably fail at learning enough about any of them. Pick a few that interest you, learn all you can about them, know about their volatility vs. forecasting. Try to keep your predictions simple.
Trade with two accounts. One account …