10 November 2009

Try before you Buy

Are you an experienced forex trader? Then you'll know about how important it is to know how to use the software for your trading activity.

What prospective trader might not know is that each platform has its own features and idiosyncrasies that ought to be mastered before placing real orders.

Here's a good way to go about it: sign up with various online forex dealers and use their free demo account option - this is free software for you to download, you can test that dealer's way of working. Place around 20 orders with them, and with all the others where you have a free demo.

After a few weeks of testing each one out, you'll probably have a fair idea about which is your favoured one. Only then (and after having learned about the forex market as a whole and how it works) should you consider using real money to trade currencies!

Good Luck!

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