Forex Basic Guide - Online Currency Market Trading Training Tutorial

Step 1: Computer with an online internet connection - Forex Basic Guide

The first thing you need for basic forex trading tutorial is a computer with a fast inter-net 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 practice 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 MT4 Platform.

Step2: Online Forex Basic Trading Tutorial Training

Next thing that you need is a free online forex training guide like this one. A good Forex Tutorial training website will train you about trading basics, guides, indicators & technical analysis. Also other forex key concepts that you should learn like leverage & margin and Forex trading plan should also be covered within training tutorial that you select. For These Lessons & guides go to these Main Pages also available from the top navigation menu.

>-> Learn Forex Trading Lessons

>-> Forex Strategies

>-> Indicators

>-> MT4 Tutorial

Step 3: Practice for 1 month

After learning these lessons or while learning these training courses you should practice your forex trading on the practice account that you registered for. Practice until you begin making profit on you trading. A good Place to start is to trade with a 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 Real 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 account requires that you first select 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 & you can deposit money trade & withdraw the profits that you make.

https://www.tradeforextrading.com/index.php/live-forex-account