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Monday, December 15, 2008

How To Trading Forex In Simple Step

LEARN
There are many sources online to help you get started, and
many more from FX Engines and The Forex Report. Use all of
these resources to learn more about forex and gain an
understanding of the market you plan to trade.

BUILD
Find a system – we have systems published in Case Studies, or
you can find them in forums, for free. In any case, get a starting
point. Take a system that exists and try to see how it works,
then improve it. Observe the system in live trading in a demo
account. Work out all the kinks, build your script, then take it
to market.

BEGIN
Find a trading partner. It can be a reputable dealer with
manual trading or an automated platform like FX Engines
(which also supports manual trading). Once you have the
account set up and funded, trade ONE MINI CONTRACT. Do
so until you have enough confidence to build. Build slowly, cut
your losses and let your wins run. Once you have a working
system, expand it.

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