BloggerVenue

It is time to get into action with forex trading. But are you ready to take the challenge?

Remember my post about things you should now about forex trading? If not i recommend you to read it.

Real or demo?

This is just a preparation post. The real thing begins tomorrow. I just want to remind that in order to trade in the Foreign Exchange Market (ForEX) you will need a Broker. After that you have two options. Open a demo account and trade with fake money or open a real account and trade with real money.

Probably, who is not confortable in gambling their own money will prefer to trade on a demo account (That is a wise decidion). But there is a little inconveniant trading a demo account: The stress factor is not there!

The Stress Factor

On a demo account you can try your strategy risk free, you will trade with no stress, no pressure of loosing your hard earned money, making your probability of success slightly better. But one day, when you decided to go with real money, you will feel something strange… The rush, the stress, your blood pressure rises, you think “wow, what the hell is this? – Come on think, see the chart – oh there’s a signal!” and you rush for a trade that almost immediately goes bad…. After you close your loosing trade you check the chart back and you see that you would never have taken that trade if you were on demo. You blame the stress….

Of course this does not happen to all of  us. Some can handle the pressure better than others, and i guess knowing for start that you can loose money is a big big help.

Real Money Really Free

So, i am saying that starting with a real account with real money is a potential good way to start. But it doesn’t have to be with your money! The good thing is that you can trade forex with real money for free!!

And that my friend is what i will show you this week.

Tomorrow i will show you a broker and a trading platform that we will use to get trading signals. Stay tuned