Friday, April 24, 2009

New to Forex Trading

All the friend who are new in the field of forex trading. This is a piece of advice. There are two type of brokerage firms
1. The trading firms which offer offer their trading software and training. This training is just how to use that software and how to enter and exit from a trade. This type of training shall never help you saving and growing your money.
2. There are firms which offer a trading software and different analysis tools within the software. They also provide you with the latest news related to forex and news forecast which helps you to make you way. at the same time they provide you virtual money to trade in the market. This virtual money helps you to polish you trading skills. You can easily monitor the result of the your analysis after applying it through your virtual money account.
Now the advice is that never play with the real money in the beginning. Always master the strategies on demo accounts with virtual money before playing the real. Happy Trading.

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