MONEY MAKING IN FOREX TRADING


1. Making Money in Forex Trading




The Forex market has a daily volume of over $4 trillion per day, dwarfing the volume of the equity and futures markets combined. Thousands of people, all over the world, are trading Forex and making tons of money. Why not you?

All you need to start trading Forex is a computer and an Internet connection. You can do it from the comfort of your home, in your spare time without leaving your day job. And you don't need a large sum of money to start, you can trade initially with a minimal sum, or better off, you can start practicing with a demo account without the need to deposit any money.

Once you consider to start Forex trading, one of the first things you need to do is choose a broker, choosing a reliable broker is the single most critical factor to Forex success.

There are dozens of online brokers out there but your best bet is to go with one of the leaders. Here are 2 online brokers that are reputable and are most suitable for beginners and pros alike:




1.  Forex Inc - The best broker for US residents (If the link doesn't work, copy and paste the following URL into a browser: www.liraz.com/forexinc)

2.  eToro - accepts worldwide traders except US residents (If the link doesn't work, copy and paste the following URL into a browser: www.liraz.com/etoro).

Now I would strongly encourage you to go and visit these broker's sites right now even if you are not yet decided whether you want to go into Forex trading. Why? because each provides tons of free education materials, videos and best of all a demo account that allows you to practice Forex trading for free without the need to deposit any money. Simply go to each of these brokers, register for a free demo account and start "trading" - by actually practicing and experiencing it firsthand you'll be able to decide whether Forex trading is for you.

In any case, before starting to trade for real, it is advisable that you practice with a demo account. Once you build some skill and feel more comfortable with the system you can start trading gradually for real money.

Now which of the two brokers you should choose? while both are reputable and reliable they do have some differences. For starter if you are a US resident you should choose
Forex Inc, as eToro does not accept US residents. Here is a summary of the specific advantages of each of them. Choose based on your personal preferences:

Forex Inc (www.liraz.com/forexinc) - is a straightforward website to trade currencies on with good trading platforms, research and educational tools. It has several different account levels that make it easy for anyone to open an account. Forex Inc is an excellent broker suitable for beginners and pros alike.


eToro (www.liraz.com/etoro) - is a "Social Investment network" - this is an interesting and beneficial concept as it allows you to watch other trades as they are being made and to copy the trades of the most successful traders. You can also communicate with other traders including the top traders.
MONEY MAKING IN FOREX TRADING  MONEY MAKING IN FOREX TRADING Reviewed by Tanim Rahman on 8:29:00 AM Rating: 5
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