Congratulations! You now know the basics of Forex trading.
Now that you're no longer a complete beginner, it's time for you to choose your tools and get to work.
Before I get into the tools, I would suggest doing things in this order:
- Setup a demo account at a broker that you will eventually trade live with. Place some trades at that broker. This will give you practice with using their platform and executing trades.
- Get educated. Learn from books, forums or online courses. Choose a couple of trading strategies that you think will work for you.
- Test those strategies in backtesting and demo trading. Never risk real money until you have had proven success in testing first.
- Once you are able to demonstrate consistent results with testing, only then should you open a live account and start trading with real money.
Now that you know the process, here are the best products that I recommend in each category.
To continue learning more, visit the blog.
