Education and Training

It is important to sign up for forex trading education and training, when you want to open an account with a broker. Most companies also provide weekly or monthly webinar training session for all their members. Start off with a demo account provided by the broker, to start practicing your training received.

It is always easier with demo account, as you do not have any emotions and stress related to it. Once you are equipped with enough tools provided in education and practice on a demo account, you can proceed to open a real trading account.

Start off small, and keep to a 1 – 2 percent risk of capital per trade.

There are various companies that provide online forex trading education courses. They teach mainly two techniques. Trend or break-out trading and counter trend or counter retail trading.

Both are useful to understand. I would not suggest trading with both techniques simultaneously. Rather test both for a period of time, and decide which one of the two suit your personality.

Further to the above two techniques, you should also learn about the two trading methods, fundamental and technical trading.

The two can, in short, be describe as follow:

– Fundamental trading: Trading based on future predictions based on climate, political and other external conditions. The fundamental trader will also make use of financial reports etc of companies to form an idea of how to proceed with a trade.

– Technical trading: Trading based on current trends in the market, using various indicators. These traders will mainly use the indicators on candlestick chart.

We hope the article will benefit you and that you will choose a forex trading education company that will assist you in your goals. Happy trading.


 

 

Forex Company Comparison:

Please see the various online forex companies reviews below:



24 Option

Trade Forex, Stocks, Indices and Commodities.

Demo Account: Yes

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CM Trading

Trade Forex, Stocks, Indices and Commodities.

Demo Account: Yes


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IQ Option

More than 250 instruments with $10 minimum deposit for your ultimate trading.

Demo Account: Yes


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AvaTrade

Trade Forex, Stocks, Indices and Commodities.

Demo Account: YesMin Deposit: $250
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