Ten years ago, if you wanted to trade the Forex markets as an individual investor or trader, it was a slow and cumbersome process. Typically, you would have to telephone or fax your broker with your orders and then await confirmation of the trade details by the same method. Although this worked and many people traded this way, individuals would always be at a disadvantage to institutions, who had direct (and therefore much faster) access to counter parties.
With the prevalence of broadband Internet, all of that has now changed. If you want to participate in trading the Forex markets, you can now do it all online, with instant access to prices, automatic order placement and instantaneous trade, position and P&L updates.
Whereas Forex Online System Trading didn't exist 10 years ago, now it is pretty much the only way to trade.
So if you are a novice trader, how do you start and what do you need? Forex Online System
First things first, you need money to trade with! And this has to be capital that you can afford to lose because it is just as easy (if not easier!) to lose money in the Forex markets as it is to make money.
Secondly, you need to set up an account with a Forex broker. There are very many different types of accounts and brokers, so you need to make sure that you have a good look around, read some reviews and talk to other people trading the market before you decide which one to go with.
Next, you will want to look at the various online system trading packages on offer. Your broker might in fact offer access to such a system when you set up your account, or alternatively you might want to use a commercial Forex trading system, it is up to you. Forex Online System
Once you've set up your account, deposited your funds, and installed your trading software (which might even be a web-based tool that you access directly through your browser) you should be all set and ready to go.
Note, it's worth doing some "paper trading" first (i.e. dummy trades not using real money) before you start trading online for real.
We suggest you start small at first and then increase your trading positions as you become more familiar with the tools and the market. Happy trading!
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