How Do You Trade Forex?
• Decide which broker you wish to select. One should prefer brokers who are registered to regulating bodies like NFA (US) or FSA (UK).You can search the US Government’s website to determine if your potential broker is playing by the rules. Visit www.nfa.futures.org/basicnet/ or www.fsa.gov.uk and enter the name of your broker, you can find out all types of details on their business practices. • Select a product or single currency you wish to trade. Learn the patterns and fundamentals of that currency. Every currency behaves differently on a given economic scenario. • Start testing practice accounts or demo accounts and practice strictly with small and realistic lots. • Try user friendly platform for trading like metatrader offered by brokers. • Check youtube for more information on different strategies and learn what other traders do. Always keep a website to refer global news flow.
