Ok as I said before I do not find Forex a thrill, this is work. And I expect a profit, And I do not want to loose capital. Period.

So just how do we do this, First open a Demo account with any broker, I like Alpari UK, they have many pairs I like. Second, make money on the demo account before you open a live account. You will never loose a dime doing this. Third when you do open a live account make it a Micro account, where you are live trading but VERY small amounts, and stick to the least amount tradeable, until you can show a profit in cents, why risk Dollars (Pounds, Yen, Pesos, or Krone)? So get a demo, then a Micro, Don’t rush, the market is not going anywhere, but your hard earned money can go very fast. Be Wise.

Take it slow, and you can win.
God Bless,
Bruce

ALPARI UK DEMO

Here I would like to share with you one of two of my favorite Video Trainers. His name is David and his site is Informed Trades.
I will be giving you the link to his You Tube Hub. With 175 videos to date it could take a week to digest all the infor there. I believe once you go through his videos you will have a HUGE understanding that many traders will never get to.

Take the Time, it is worth it.

To Your Amazing Success,
Bruce

GO HERE TO START YOUR TRAINING

Before you ever start in Forex you need to know where your coming from. I see too many Brokers advertising the thrill of being in the market. The Excitement. Well it can be thrilling indeed. But let us look at a much more important factor.

I hope that your reason to be trading the FX market is profit. Personally I see no thrill in loosing money. I want to avoid it like the plague. I hate to loose money. And so I suggest you do not get sucked into the idea that this is a game or high end gambling. It can be, but for our purposes, it is not.

As we go on I will lay out what I have learned on just how to protect your capital from devastating loses. The whole focus should be is to maintain an account until you can figure out how to trade consistently profitable trades. This does not happen by accident.

The point is we are not gamblers. There needs to be sound reasons for a trade you enter and a writen down Plan of Action for the governing of the trade when open. This is call Money Management and it is the most part of any trade.

Work through the sites on the side. They are the Best.

God Bless,
Bruce

It is more important to me to share with you why Forex than what Forex is.

There are tons of “what Forex sites is” out there (like Baby Pips) and I have no time or desire to repeat them.

What is important is Why Forex. The why is always more important in our lives than the whats.

I have my own WHY but that is not as important to you as YOURS. Right, I’m just some guy on the net, but you have to live with yourself forever. So let me bend your ear for a minute and give you something to chew on.

First FX is open to all, any race, any gender. Any age, any belief, any anyone, get the idea. Handicap, smart or not too. ANYONE. It is a great equalizer.

It is open to anyone who can get on the internet and surf it. It is available all hours of the weekday and every week of the year.

We do not care if the market is up or down or even sideways. The Forex Trader can profit in any market.

You can hold a full-time job and trade on the side or trade full-time and have a job on the side (not everyone hates their job).

You can start trading pennies and move up as you get better. Where can you start trading for $10 to $200. In most areas of investing and trading no brokers would want a $10 account. Here even if you are challenged financially you can start so small.

Also there is a great deal of good information online to help anyone get a good grasp of the market.

Education is one key to successful trading. The more you know, and test out, the more you can get into winning trades.

So why FX, it is easy to start, great upside potential and not dependent on any one economy, it is Global. As one currency goes up, another down. And this means we will always have trades to make.

Recently FX Spot (cash) Market is offering options. This allows the FX trader the ability to protect themselves from adverse market trends. This will allow traders to stay in a trade longer without sustaining huge losses.

You will find other reasons why you like the FX market and I encourage you to post your comments here.

Well till next time.

God Bless
bc

The 2nd site that will be of great benefit to you is PFX - Profiting with Forex. While it contains a wealth of information, please start with their basic education course. The basics will keep you on track.

To continue your education go here: PFX - Profiting with Forex

Take the time you need to get it all.

God Bless
bc