How to start Forex online trading ?
Anyone who has internet connection with reasonable capital can trade online forex .
first : you should know the basics of online trading .she process of buying and selling of currencies and making profit out of it.
For example you may buy one mini-lot of EUR/USD at 1.3100 and set the stop loss at 1.2980. It pose a risk of $20. When the price rises, you may buy a second mini-lot at say, 1.3120 and set the stop at 1.3100 with raising the stop of the first lot to 1.3100. Now you have two lots with overall risk still at $20.
You can always look for learning Forex all over again if you are a regular trader who finds it hard to cope with the stress and emotional outcomes of a trading result or if you still don’t know what is day trading and is holding position good, if yes, for how long should you be holding your positions or what difference is it makes if you deal with a Major or Minor pair.
Major currencies are strong currencies such as US dollar,and Euro .
Before starting trading :
open an account with a dependable broker who corresponds to your requirements. But before opening the account with the broker you must be quick enough to respond to your queries .In order to be profitable in the trade you should be able to control the amount of risk.
Good luck
