Tuesday, January 22, 2013
Once you have a forex trading account that is funded, you can prepare to start making forex trades. The first thing you'll need to decide is what you want to trade. After you decide what you want to do, it's time to make your trade. Some brokers allow you to right click right on the chart and make your trade, while others have buttons that say buy or sell. Make your appropriate choice and prepare for a new screen to come up. Different brokers have various screens, but they all say generally the same type of thing. There is a field showing you the current price of the currency pair, a field for lot size(trade amount), one for a limit(close on profit), and one for a stop loss(close on loss). Some brokers have other options, but for the purpose of this tutorial we will keep it simple.