how begineer trade?

[bathu]

hi, am new to trade, how can i trade in forex is it risk or not.. am practice in demo account.. and profit in demo account.. can i open real account confidently?

[Enivid]

You can open a real account, but trading on a real account can be quite different from trading on a demo account. Even if you open a real account, try starting with some small amount rather than investing big from the beginning.

[irfanahmed_01]

Originally Posted by bathu

hi, am new to trade, how can i trade in forex is it risk or not.. am practice in demo account.. and profit in demo account.. can i open real account confidently?

u did not mention ur experience .. since when u are doing trade ...
in my opinion .. if u are doing since last 3-4 months .. please dont go for real account
because real forex market is tally different as compare to Demo .. yes both market movement are same .. but in demo u are playing freely .. without any fear and greed .. and u also playing with big lots .. and earning pips ...
but in real ... u cant handle ur loss .. u must need to practice in demo with risk management ...

thnx

[forexpot]

What is Foreign Exchange?

The Foreign Exchange market, also referred to as the "Forex" or "FX" market, is the largest financial market in the world, with a daily average turnover of approximately US$1.5 trillion. Foreign Exchange is the simultaneous buying of one currency and selling of another. The world's currencies are on a floating exchange rate and are always traded in pairs, for example Euro/Dollar or Dollar/Yen.

Where is the central location of the FX Market?

FX Trading is not centralized on an exchange, as with the stock and futures markets. The FX market is considered an Over the Counter (OTC) or 'Interbank' market, due to the fact that transactions are conducted between two counterparts over the telephone or via an electronic network.

Who are the participants in the FX Market?
The Forex market is called an 'Interbank' market due to the fact that historically it has been dominated by banks, including central banks, commercial banks, and investment banks. However, the percentage of other market participants is rapidly growing, and now includes large multinational corporations, global money managers, registered dealers, international money brokers, futures and options traders, and private speculators.

When is the FX market open for trading?
A true 24-hour market, Forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, then London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night.

[1muhammad]

Forex trading is a very sensitive area that heavily influenced by the global economy, so it's very important to follow economic news, learn Forex, and of course practice with demo accounts - all these will help ensure success in trade.

[bestforexpartners]

Being a newbie, your first approach should be to watch and judge the forex market and learn from other forex affiliate doing business here. This will save you from the real traders aggressively participating in the market, but always make sure that you are well efficient in the usage of such systems.

Such practices are good for being knowledgeable and learning the fundamentals, but you will come to know about the actual market scenario only when you practically trade through your real account. Hence, practice yourself and when you feel that you are capable enough to win the real trading market,