Years ago I wanted to trade currency on the foreign exchange, but avoided doing so due to too many distractions in my life, and not enough capital to give it a serious shot. Now that timing is better, I've recently began training and learning how to trade currency on the forex, and wanted to share the opportunity with you.
No, I won't be advertising or pushing a particular broker, but I will share with you what I learn along the way from using the demo forex software platforms various forex brokers offer. I'll also share with you some of the information I learn about the technical market indicators that provide vital signals and status for a currency pair at any given time.
With that being said, let me first begin by mentioning that you can begin trading on the forex with very little capital, but you can also end up being undercapitalized, just like with any other business. Although many brokers will tempt you with how little you can get started with, such as only $200.00, it really doesn't make much sense to start with so little unless you only want to make pennies on the dollar.
Even though timing may not be right for you, I encourage you to give numerous forex demo software programs a try because the learning curve can be steep. Most importantly, it's far better to burn through play money as you learn the forex rather than burning up your real money! Learning how to trade currency on the forex is a great amount of fun, but you must remember it's serious fun if you plan to move from a demo account using play money vs your own money!
For today, I'll leave you with that, but be sure to come back and learn about the forex software programs I'm testing, and my findings as I add new posts on this topic in the days to come. Happy currency trading to you!