Thursday 20 December 2007

How can I obtain Forex training?

Foreign exchange trading can be dangerous if you don’t know what you’re doing.
So how do you obtain Forex training? The best idea is look for a Forex trading system that provides one-to-one Forex trading training.

Some Forex trading systems provide Forex training in the form of a demo account. The idea of a demo account is that you carry out all the trading moves, without using real money. So once you have your real account, you know how to do all these things – drawing trendlines, marking support and resistance levels, monitoring moving averages etc. Plus you can make your mistakes in placing orders to trade without losing money.

However, there is some doubt as to whether using a demo account is really the best way of learning foreign exchange trading. You really don’t have the same attitude to your trades if you are just using play money. One of the most important lessons – if not THE most important – in foreign exchange trading is to be ruled by reason and discipline, not feelings, excitement or greed. When reason and discipline go out of the window, that is when you find yourself losing. This is a hard lesson you really have to learn, and without consequences you don’t learn it.

A better way to obtain Forex training is to find a Forex trading system such as
Easy-Forex that enables you to start trading with a small amount of money, and at the same time provides one-on-one training as you do it. This way you learn the basics of the foreign exchange market, the terminology of trading, and how to develop successful trading strategies. If you make a wrong decision – which everybody does – you will lose money and this will teach you not to make that particular move again! But the money you lose will just be a small amount.

I simply haven't seen a Forex trading system that gives you the level of Forex trading training that Easy-Forex does. It's the only one where you can start with an amount as low as $50, PLUS being provided with a personal account manager to give you step-by step advice.
(The Easy-Forex 1:200 leverage means your $50 gives you $10,000 trading power - yet $50 is all you can lose! And if you register by December 31st you get another $50 absolutely FREE!)

Find out more at http://www.bizwrite.co.uk/Forex/forexindex.html

No comments: