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Monday, April 6, 2009

How to trade currency online (Forex)

Currency trade know as forex. If you like to know the stock trading or future trading. You may also like to know currency trading. In some way, they are similar, but more risk. On the other hand, more earning in short time.

Instructions


Step1
Search online for "currency trade" or "forex". There are many agents all over the world. You don't need to be US to trade "money". But, there are several US companies provide service over sea. For example, "Forex.com", "FCXM.com" and "e-trade". You will find more than this list.
Step2
Sing up for practice account. Most company provide free practice account with real time market. It is good opportunity for people to know this trading and to see are they fitting to this kind of trading.
Step3
Also read all the learning information on the web site. You must read through the learning material. Most of them you may know if you familiar with stock trading or some other online trading. But you still need to read. Currency trading is much high risk than other trading.
Step4
After you have basic knowledge and try with your practice account. You than make the decision to start trading on real market or just go away.

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