Forex trading – unlike other ways of making money – demands dedication, cool temperament, sharp mental faculties and an eye to detail.
Here’s a tutorial to help budding newbies on their way (Scroll DOWN for more information):
Tutorial: 7 Steps To Making Money Through Forex Trading
#1. Determine Your Personality – Take a look at yourself and note your own personality traits. Don’t lie to yourself. Examine your strengths and your weaknesses, then match your personality to your trading This is perhaps the most important step of all. Get it wrong and you will pull out quickly.
#2. Learn The Basics Of Forex – Get yourself familiar with all trading terms Leverage, Risk Management Basics, Stop Loss Basics, Lot Size, Moving Averages, Forex Quote, Currency Pairs , Forex Glossary and more… check our Forex FAQ for more terms
#3. Find A Forex Strategy based on your personality deduced from #1.
#4. Choose A Broker? See Regulated Forex Brokers & How To Choose Forex Brokers
#5. Open A Demo Account & Practice Till You’re Comfortable With Trading
#6. Ensure Have Enough “Risk Money” – Cash is the fuel needed to start trading and without enough cash, your trading will be hampered by a lack of liquidity. But more important, cash is a cushion against losing trades. Cash cannot come from sources that you need for other important events in your life, such as your savings plan for your children’s college education. Cash in trading accounts is “risk” money. Also known as risk capital, this money is an amount that you can afford to lose without affecting your lifestyle.
#7. Make Your First Live Trade!
Forex Quick Lists
(NOTE: Links open in a new Tab/Window)
| Forex Courses List | Forex Robot List | Forex Broker (For Demo Account) |
| Forex Mentor | FAP Turbo | Easy Forex |
| Forex Bill Killer | Forex Megadroid | Oanda FXtrade |
| 5 Minutes Forex | Forex Bullet | FXCM |
Forex Basics
4 Ways To Deal With Trading Anxiety
What To Look For In A Forex Trading Course
Which Is The Best Forex Trading Platform ?
Which Is The Best Forex Currency Trading System ?
How To Survive Your First Month Of Trading
Why Do Forex Traders Loose Money?
5 Things To Do To Survive The Turbulent Forex Market
How To Forex Trade On A Budget
What Is A Demo Account And Should I Use One?
10 Tips For Trading The Forex Market
Understanding Technical Analysis
What Are The Advantages Of Trading Forex
Latest Currency Exchange Rates
What Are The Best Forex Trading Hours
Trading Tools
Latest Currency Exchange Rates
Free Universal Online Currency Converter
Forex Glossary – Simple Beginners Education In Forex Trading
Trading Psychology & Risk Management
The Basics Of Trading Psychology
4 Ways To Deal With Trading Anxiety
Can Wall Street Crash Again? 10 Reasons To Beware
Managing Risk On A Demo Account
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