How can you learn Forex trading?

Answer 1

In order to learn forex trading you will need to do a few things:

1. Learn the forex basics and gain understanding in the market.
2. Learn about forex trading strategies and find the ones that suits your nature of trading.
3. Find a good forex broker that offers a free demo account.
4. Use the demo account to practice the strategies.
5. Invest money only when you feel confident with your strategy and trading skills.
6. Start with a small amount, learn from your mistakes and only then invest some more.

Answer 2

To get started, open an account online and read books and take courses on how Forex trading works. Also, one has to take time to read simple books such as “Currency Trading for Dummies” and get relevant information from credible news outlets. Trade virtual currencies on a demo account opened with a Forex broker so that you can practice without loss of real money. Contribute and actively participate in online forums and boards so as to be able to talk to other more experienced trade persons. Learn how to chart the markets, analyzing prices through the use of tools like Moving Averages and other technical indicators, as well as recognizing news and events that affect supply and demand. Trading simulators, as well as other tools such as indicators and systems, are worthy of practice for improving skills. Nurture some level of patience and discipline while developing and honing ones trading ability through mastering from trades made.