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However, to be a truly successful Forex trader, you have to accept the fact that you will lose money sometimes . Never get discouraged when you.

Analyze where you made mistake, and think of a solution to get back what you lost and continue trading about forex trading account

Being new to FOREX trading? Don't worry, getting started in FOREX trading is easy and you can always test your skills first in a demo account before you go 'live' with real money.

To get started in FOREX trading, we have to get to know what FOREX is. For the inexperienced, FOREX trading involves buying and selling the different currencies of the world.

A FOREX deal is made when one buys one currency and sells another at the same time. It is always traded in pairs, Euro/USD, CHF/USD, USD/JPY...you get 'short' in a currency every time to buy another and the profit is made when you buy-low and sell-high.

FOREX market is the largest trading market in the world. It yields an average turnover of $1.9 trillion daily and the figure is nearly 30 times larger than the total volume of equity trades in United States.

FOREX trading is very unique as the trades are done between two counterparts via electronic network or telephone connections. by using forex trading.

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There are several Forex Trading Tools available to a trader. Yet with the multitude of such tools, the number of traders that make it to consistent profits are still so few.

There is no centralized location as stocks or futures markets and trades are done around the clock. Everyday FOREX trade begins when the financial centers in Sydney start their day.

and moves around the globe to Tokyo, London, and then New York. Traders can always response to the market regardless of the local time.
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Although FOREX trading involves such a big volume of trades nowadays, it is not made available for the publics until year 1998. In the past, the FOREX market was not offered.

to small speculators or individual traders due to the large minimum business sizes and extremely strict financial requirements. At that time, only banks,

big multi-national cooperation and major currency dealers were able to take advantage of the currency exchange market's extraordinary liquidity and strong trending nature of world's

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main currency exchange rates. Only until the late 90s, FOREX brokers are allowed to break huge sized inter-bank units into smaller units and offer these units to individual traders like you and me.