Currency Forex online trading

Trading forex (foreign exchange) is highly risky. Due to the leverage available, with very little money down you can have big gains, but also big losses. In addition, there is financial friction, since you are paying fees in the form of the spread. Only highly sophisticated investors should trade forex — and if you’re not sure what you are, then you’re probably not highly sophisticated. Whatever you do, don’t trade more than you can lose — because odds are, you will lose everything.
How to Trade Forex Online
1. Research the best ways to invest. Forex is supposedly the biggest market in the world. It’s bigger than the US stock market, because the daily turnover is in the trillions. First understand that you, the retail investor are not going to move the market, the banks trade in multimillions, most retail traders won’t be doing so.
2. Consult a trusted broker. You need to trade through a broker who will not deal against your trades with human dealers or electronically. Most retail FX brokers take the other side of your trade which causes them to gain from your losses. This is a huge incentive for them to run your stop losses and stall the execution of your trades.
3. Understand world currency and its fluctuations. Currencies are traded in pairs. Choose a single pair to learn how to trade and stick to it until you get to know the personality of the pair. The most heavily traded pair is the Euro/USD and the pair that many traders like because of high volatility is the GBP/JPY.

4. Get a charting package which allows you to see the current price as it happens and make technical analysis. Almost every broker will give you free charts like the popular Metatrader software.