forex #11

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DEMO Your Way to Forex Trading Success ...
or, How To Trade the FOREX for Fr.ee !
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Hey, here's a tongue-in-cheek, rhetorical question for you:


WANT TO TRADE THE FOREX MARKET FOR FR.EE akin?


Who doesn't, right?


What if we told you can get your ambitious, ever-ready
little hands on the same state-of-the-art software package
that professional FOREX traders, throughout the world, are
currently using to make real-time, LIVE currency trades?


What if we told you could experience the same dynamic market
action and go through the same process of making decisions,
based on breaking news, reacting to charting patterns, and
tracking one's performance the same way full-time FOREX
traders do?


And, what if, even if you don't put REAL MONEY into your
account, you still really can't see any difference in how
the market reacts to you and how you react to the market
(well, okay, okay ... with imaginary money, we know you just
may be a tad more liberal with your trades, but we hope you
aren't).


Okay, so here's the deal...


When we started writing this 20-part e-course, we realized
these lessons could literally go on forever and, still, you
won't know everything. At some point, every new FOREX trader
needs to start DEMO-trading.


Once you begin to place demo trades, you will learn a lot
about how Forex transactions are placed. This is an
important step for you to be able to learn how to become a
trader. A Demo Account allows one to become familiar with
trading procedures, such as placing Market, Stop, Limit, and
OCO Orders without any risk. All dollar losses or gains on a
Demo Account are imaginary but, as mentioned above, the
EXPERIENCE is not!


==========================================
SIDENOTE: Although racking up big gains
in a DEMO account does not insure profits
in live trading, those who are NOT
successful trading on paper (DEMO account)
rarely are successful when money is on the
line. So, yes, just playing around and
getting familiar with a demo account can
be a great learning experience; however,
you will not learn how to become a trader
this way. You need to have a trading
strategy, like the ones we teach at
www.RapidForex.com
==========================================


Here's how to get started with your own demo account.


Go to www.RapidForex.com/outlink/demo.shtml


There you can sign up for a free mini-demo account. A mini
account is just like a real demo account, except the trade
sizes are smaller. In a real account the smallest trade size
is $100,000, in a mini account the smallest trade size is
$10,000 (this can be done with a $50 margin, the power of
leverage!).


There are several other places online to sign up for a free
demo account, but we recommend FXCM, because they have the
best overall reputation online. FXCM has built itself to the
premier Forex trading platform. We don't get paid anything
to endorse them, but they are currently the best for
complete newbie traders (however we do recommend other
brokers in our teaching materials for specific benefits).


Once you sign up for your mini-demo account, you will need
to try out one of the trial charting packages. Any of these
will do because they all have most or all of the necessary
indicator tools that we teach you to use in our course
packages. You can then set up your demo account and start
drawing trendlines, marking support & resistance levels,
monitoring moving averages, etc. This is a good way to get
used to the mechanics of trading. Once you have a real
trading account you will already know how to do all of these
things from all of your practice.


Everyone makes mistakes placing orders. You need to
experiment in a demo account to make your mistakes without
losing money.


At this point you have to make a decision about how fast you
would like to learn how to become a trader. The truth is
akin, that the longer you wait to get in on this
market, the more potential money you are missing out on. You
need to decide what time frame is right for you to begin
trading.


You need to decide if:


1. You want to place real trades within the next 3 months
(or sooner, depending on your desire and developed skill
level)

2. You want to build your knowledge for several months
before placing real trades.


The choice is entirely yours. No one else can make that
decision for you. You need to make a plan and stick to it.
It is important not to put off your success. Success
requires action.


If you want to place real trades within the next 3 months,
you should check out www.RapidForex.com. There are some great
resources there at extremely affor.dable prices that can get
you trading in a very short amount of time.


If you want to build your knowledge base, then continue
to be on the lookout for these daily email lessons. You are
already subscribed to it, all you need to do is read each
article attentively as they are released.