Try a tiny account if you are feeling less confident at first. Here they can find out who are the market participants, when and where everything takes place, check out the main trading instruments and see some trading example for visual memory. It is a great strategy if makes more than 10 a month. Then you should try our Nano Account, which is denominated in cents, making the margin requirements 100 times lower than our normal accounts. Use, a small lot size if you are afraid of losing money. There are some non-regulated brokers who do some bad trading practices but a regulated broker cant do that. Demo Accounts for Beginners, with a demo trading account, you can give Forex a try without putting any of your money at risk. But most newcomers get so afraid of losing money and put a very tight stop loss. Dont get panicked by the losses.
Even professional traders dont make money month after month. Lucrative - More than 4 trillion dollars are traded on the Forex market daily. They could trade a different strategy and a different time frame than yours. A good forex broker is important. Forex trading is, however, accompanied by significant risk. Invest by yourself or place your funds into the accounts of experienced investors. About the Author: Shaon Bhuiya is a price action trader, Fund Manager, Coach and Forex Blogger. One of such books is Make Forex trading simple which is designed especially for those who have no understanding what the market is about and how to use it for speculations. Follow money management put your stops in a safe distance and be disciplined.
Almost all Forex e-books are.pdf format. You will need Adobe Acrobat Reader to open these. The nyse Tick Index And Candlesticks by Tim Ord.