Many people are jumping on the foreign exchange (forex) bandwagon and contemplating trading foreign currencies online to earn extra cash. They are attracted by the small capital investment, maybe as little as $25 and the prospect of free currency trading training.
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Many people are jumping on the foreign exchange (forex) bandwagon and contemplating trading foreign currencies online to earn extra cash. They are attracted by the small capital investment, maybe as little as $25 and the prospect of free currency trading training.
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A huge amount of foreign-exchange training materials are on the market today.The training courses available are seminars, both online (webinars) and offline, mentors, or foreign-exchange simulators sometimes called dummy practice accounts.
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A huge amount of foreign-exchange training materials are on the market today.The training courses available are seminars, both online (webinars) and offline, mentors, or foreign-exchange simulators sometimes called dummy practice accounts.

Books:
A well-written book provides a good introduction to the forex markets.
The best way to start your forex training is to study a good manual on foreign-exchange trading. One of the best is "An Introduction to Foreign Exchange and Money Markets" by the Reuters Group. This book covers all the fundamental knowledge you will need before you start trading in the forex market.

A mentor can offer advice and support:
It is important that you seek help from online forex forums where successful traders are always keen to pass on their knowledge. Most forex broker sites will give you access free of charge to their webinars and mentors. Brokers such as FXCM, E-toro, Oanda and FX Club all offer forex forums, free webinars and the ablity to chat online with one of their professional traders.

Training to Trade:
Finally, once you feel you have learned enough to be able to start trading on-line, download a trading platform, and trade for a few months on a practice account. All forex brokers offer trading platforms which you can download. These trading platforms can be used as practice accounts or as real money accounts. It is probably better to start with a micro account to practice trading and when you are ready trade with real money.
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