Forex Online Trading and Facility
Well because the forex trading method has developed rapidly and no longer uses via telephone, we will only teach you how to trade forex online (Online forex trading) and not discuss the conventional trading mechanism by telephone.
To be able to make forex transactions online, then you need a program or software that has been installed. The software is usually called a platform. There are also several forex platforms that don't need to be installed and run directly through the browser because they run on Java Pluggin.
Currently there are dozens of different types of forex trading platforms and each broker uses a different platform from each other. No need to be a problem because basically the forex platform is the same as each other. Maybe the only difference is the appearance and layout. But broadly the facilities provided are more or less the same as each other.
To facilitate the discussion, of course we have to choose one platform as a determinant of how to use the platform and the facilities used.
Demo Account
The first thing you need to know in practicing forex in a practical way is a facility called a demo account.
As a new person, would you invest $ 10,000 in an investment that you have never tried before? Of course not! I am not too stupid to invest my funds while I do not know what I will do!
Demo accounts eliminate this problem. Demo accounts are provided by brokers with the aim of providing an opportunity for you to learn forex trading with virtual money but with the actual rate exactly like you are trading real forex . The difference is only the money used is virtual money, aka fake money. On a demo account, you will be given a number of funds (which are large enough) to be able to take action to buy or various other facilities provided by the platform. Each demo registrar will be given a user id and password that can be obtained by registering himself on the registration form.
You will get a Metatrader Login & Password Demo Account.
After activation (in the form of a sound) then you can already trade.
Ok, after I have received the user ID and password, what do we do next? Yes, of course, start your demo account. You have got the Login & Password for Demo Account. If you want to add a new Demo & Password, you can enter the File menu, Open An account, then fill in your data. And in a moment the computer on your home / office is connected to a network of forex transactions throughout the world! Um ... quite fancy heh? Of course!
Each forex trading platform has standard facilities in it such as menus for buying / selling actions, ordering orders, charts, large balance, news and other additional facilities. Some platforms provide an opportunity to do automated trading, namely the addition of scripts on the platform, allowing trading to be done automatically by a computer program.
Now with an online forex platform like this, leave the thought that trading through exchanges and screaming like what is usually seen on TV is cool. Truly it is tiring and stressful. Trading online is much cooler. Just go through the house in your room and enjoy a cup of warm tea and shorts. No need to get stuck in traffic, no need to leave the house, no need to dress neatly and politely, no need to see anyone! What else do you need?
it feels like a beautiful dream right?
Wait a minute
It is a beautiful dream, but it only happens if you experience profits in your forex ! Well, if you lose then all those dreams become a nightmare because you just dumped your money through your beloved room. So forex can be an easy way to find money from home, on the contrary it can also be an easy way to get rid of money from home. Simple isn't it?
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