Forex Trading - Start for free

 
 

Start Trading Forex with no money

How to start trading Forex with no money!

First step to Forex Success

First of all you must know what forex trading (also called currency trading) is about. Before you do anything else you must first download and read the "Basic Forex Trading Guide Click here to download. Then READ this eBook. It explains in detail what Forex trading is and how you would know when to buy and when to sell.

Second step
Now that you know what Forex trading is about, you need some practice. The best way to practice is to open yourself a free dummy trading account. You can get a free dummy account from various forex brokers on the Internet. I suggest that you open a free dummy account with Marketiva. When you register your free dummy account you will also get a $5.00 bonus in real money. Apply your knowledge and trade on the dummy account until you make a constant profit. Then start trading your $5.00 real money. If you know what you are doing you can grow that $5.00 to a substantial amount. Click here to open a free account with Marketiva
Marketiva will only charge your card with $1 to verify your details.

AVA Forex

You must also open a free dummy account at eToro. Although eToro does not offer the graphs for technical analyses, their interface is in the form of a Forex Game. It is much more fun trading this way than looking at a graph all the time. I use the technical analyses from my Marketiva graphs to make my decisions and then trade in my eToro account. You can also win huge cash prizes in the monthly eToro competition. Click here for more details.

Remember that even the best forex traders still make loosing trades. The secret is to make more winning trades than loosing trades.

Once you make more winning trades than loosing trades on your forex dummy account you can start to trade your real money, also called your live account.

Only after you started trading on your dummy account you can look around for more expensive courses and eBooks. By this time you will know what the forex terminology means and you will know if Forex trading is for you or not.

One can never learn enough. If you get frustrated, sign up for the video tutorials of Marc McRae. Click here for details or get the Forex Trading Secret Method here! Both of these helped me tremendously in becoming a successful forex trader.

Once you get the hang of things, you can upgrade to a professional forex trading account. See the forex brokers page for details.

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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts