What is online forex trading?

Online currency trading or foreign exchange (FOREX) offers an incredible opportunity for the average person.

1) You can set up a demo account for trading which will provide you with real-time trading information. The feeds are real and the moves are real, this allows you to learn and modify your trading style.

2) A new trader can start with just a few hundred dollars. A BIG thing to consider is the leverage that FOREX gives you. A $300 account will allow you to control $60,000.00 in currency. That alone should increase his interest.

3) Successful Forex traders live a lifestyle most people only dream of.

The exchange rate is averaging $3.2 trillion per day, which is more than stocks and commodities, combined. Also, stocks have some pitfalls that are not present with online forex trading, such as insider trading or executives “cooking” the books.

Education is the key and the good thing is that most of it is free to learn.

There are a few things you can do to get started, first google “forex” and you will see many places that will allow you to set up a free demo account. Below, learn what technical analysis is and how to use it to your advantage.

In case you need to ask some questions or comments, we are here to help you. We are active traders, however we are not brokers. So we will tell you our real opinion. Along with that, you will have other traders posting their own experiences as well. So here you have to learn forex.