Anyone can trade foreign currency on the Forex market. Don’t let the fact that you don’t know what forex is yet, scare you away. Read on to learn the basics so you can begin earning money right away.
More than any other financial market, forex moves with the current economic conditions. Here are the things you must understand before you begin Forex trading: fiscal policy, monetary policy, interest rates, current account deficits, trade imbalances. If you don’t understand these basic concepts, you will have big problems.
Set up at least two different accounts in your name to trade under. You will use one of these accounts for your actual trades, and use the other one as a test account to try out your decisions before you go through with them.
When looking for forex market trends, remember that, even though the market moves up and down, one movement is always …