Forex Basic Forex Trading Tutorial - Online Currency Market Trading Training Tutorial
Step 1: Computer with an online internet connection - Forex Basic Forex Trading Tutorial
The first thing you need for basic forex trading tutorial is a computer with a fast internet connection. After this you need to setup for forex trading training by registering a forex trading demo account by going to your broker and opening a demo trading account. Then your currency broker will give you a link where you can download the free forex trading software popularly known as Forex Trading Platform. A good platform to learn the basic forex trading tutorial in the online currency market is the MetaTrader 4 Platform.
Step2: Online Forex Basic Forex Trading Tutorial Training
The next thing that you need is a free online forex trading training tutorial like this one. A good Forex Tutorial training website will train you about trading basics, trading tutorials, technical indicators and technical analysis. Also other forex key concepts that you should learn like leverage and margin and Forex trading plan should also be covered within the training tutorial that you choose. For These Lessons and tutorials go to these Main Pages also available from the top navigation menu.
Step 3: Practice for 1 month
After learning these lessons or while learning these training tutorials you should practice your forex trading on the demo account that you registered for. Practice until you start making profit on you trading. A good Place to start is to trade with a forex trading system like this one https://www.tradeforextrading.com/index.php/forex-system-rules . You can also come up with your own different forex trading system or strategy.
Step 4: Open a Forex Live Account
By now from these basic forex trading tutorial you will be making profits on your forex demo account. But your demo account profits are not worth a dollar even if you make 1 million profits in demo account. It is time to make this profit in dollars and cash. Opening a forex trading account requires that you first choose a good currency broker. There are also other forex brokers which you can choose from but make sure they are regulated by an international organization.
The basic forex trading tutorial on how to open an account will explain the account opening procedure - Opening a live account requires that you send supporting documents like Identity card and Utility bill to your forex broker to authenticate your document. After you do this your account will be activated and you can deposit money trade and withdraw the profits that you make.
https://www.tradeforextrading.com/index.php/live-forex-account
