LET'S START TRADING

In the previous 9 Lessons you have learned what the forex market is all about:
Now we get into the interesting part of this course,

we are going to start trading with a demo account.

One of the best ways to check out Forex trading and see if it is truly something that you like and feel that you can make money in is to open a Forex demo account. This strategy allows you to view the account online and see how the account would perform if it were a real account. In the same way, you can use a demo account to make "pretend" purchases and sells just as if you were really doing them.

Through the wonders of modern technology, the software used for these accounts brings realism to the account and shows whether you would have profited or lost at the end of your trading day.

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Here's a closer look at how this method works. Let's say that you start with an imaginary amount of fifthy thousand dollars in your demo margin account. After watching the news reports closely and studying the currency markets, you think the U.S. dollar will increase in value versus the Yen. Since your margin account allows you to buy at a ten to one margin you buy (theoretically) fifty thousand worth of USD and sell fifty thousand dollars worth of the Yen. The difference between the two called the spread is what gives you your profit.

So why would someone want to have a demo account instead of just jumping right in? It's quite simple really; it makes it easier and less stressful to learn the strategies and techniques without risking real money. It's like playing with Monopoly money!

You wouldn't want to risk your money on something that you know nothing about. So operating a demo account allows you to learn the business without losing money. Achieving success in the Forex trading market depends upon your own instincts and abilities. After trying a demo account, you may find that you don't have what it takes to be successful at this business. Or you may find you excel at it. It is far better to find out with a demo account how you would fare with real money.

First we need a trading platform: I'm offering you a free trading platform from MAN FINANCIAL:

MAN FINANCIAL DEMO TRADING PLATFORM.

This is the platform that I use, you can use any platform you like, but I recommend MAN FINANCIAL.

Ok,done.
Now the next thing you have to learn is how to use it. In this example we will use the EUR/USD all the other pairs works the same. Here's an image of the EUR/USD box.

The numbers you are seing on your demo platform are not the same as the one we use in this example as the market fluctuates every seconds or so.

As you can see we have a buy at 1.2638 and a sell at 1.2635.

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By clicking on that box another box pops-up asking you to confirm your intention of either buying or selling ,just go ahead and take a position. Ok,done.

You have now entered your first trade, now as the market fluctuates you can see that your
position is also changing, the system calculates your profit or losses automatically.
That was easy, now you know how to buy or sell any of the currency pairs shown on
your platform .

Forex Trading Machine.

Revolutionary And Unique Method To Generate $500 Per Day Trading
The Forex Market. Three Systems In One Course!

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