What is the best way to learn Forex?
Understanding Forex trading is very essential to Singaporean traders. Being a trader is not an easy profession, but when you start making a profit on Forex, you will feel become financially independent.

– Find general information about Forex trading on the Internet, Google, Youtube, etc. You can read some articles and watch videos. So you will understand what is Forex and how it works.
– Go through the Forex trading platform, open the DEMO account and check how it works, settings, open different currency pair charts, try to open orders, buy/sell, etc. Remember, all this should be for FREE. Don’t spend money on it.
If you are serious about Forex trading and becoming an independent Forex trader then you must learn the right way so that you can get the skills you need to succeed.
Here are the 3 steps processes that should get you from beginner to advanced trader.

Find a Forex mentor
Find a Forex professional to help and teach you. It’s the only proven and real way to learn. If you want to know how to trade Forex for profit then you need a forex trader mentor to teach you to be successful.

Trade on a demo account
Most online Forex brokers provide a free demo account where you can practice, test your knowledge and improve your trading skills. Once you have learned a real trading strategy the next step is to use that strategy in a live market. Only if you are fully confident and comfortable should you move on to the next level?

Start trading for real - slowly
This is the step that you finally start trading for real and hopefully earning profit from Forex. The easiest way to start this process is to upgrade your demo account to a real live account. You should be able to do this online and then deposit money that you can start trading with. But initially only make a small deposit. When you first trade with real money this be an exciting but also anxious moment. To make this feel as natural as possible you should keep your deposit small and only trade with the minimum sizes. You can slowly increase these amounts over time but always do things in small steps. Many traders fail at this stage because they risk too much money and this pressure causes them to make mistakes and lose money. So always remember to take it slow and steady.

If you continue with this process you are in the best shape to make it a Forex trader. Always communicate with your Forex mentor, they will be able to help you and guide you on your way.

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