Tuesday, January 18, 2011

Things a newbie should know before starting forex trading


Forex Trading System involves foreign exchange trading market. It involves the trading one currency for the other. It is one of the largest financial markets in the world. Large Banks, Central Banks, Multinational corporations and governments are involved in this.

Forex Market trading is open all the 24 hours of the day starting on Sunday evening and closing on Friday night. For a newbie in this field it is better to sign up with an online broker. You must download the software and deposit some money and you can start. Many brokers are prepared to let you open an account with a very small deposit. It is better to starting trading on practice account.

As a beginner when you select a Forex trading firm it is safe to choose a firm that you can trust.

Continue reading here. http://megaforexprofits.com/forex-trading-strategies/things-a-newbie-should-know-before-starting-forex-trading/

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