Quick Tutorial-Let's start your first forex practice account

Forex market is the worlds largest market.Before you get started as a trader,first you must need to have a good broker.
what is forex broker???
a broker is an individual or a company that buys and sells orders according to the trader's(your)decisions. Brokers earn money by charging a commission or a fee for their services.
confused!! don't be.. after this tutorial.you ll really find out whats the meaning of "forex broker".

In forex market you have to buy one currency and sell it to a another currency,
Let's say you brought some us dollars.after us dollars bid rate goes up you sell it to a another currency.like euro,yen etc..
The simplest mean is you buy low and sell high..

we ll create practice account and trade with virtual money first..

If you want you can always start a real trading account.

that's enough..Let's start a Forex practice account..

--1--
In this example we ll choose etoro as our broker.because their trading platform is really easy to use.
click the link below
eToro Forex Trading

--2--
go to the download section and download etoro trading platform.and follow the download instructions and create your practice account.

--3--
After you create your practice account go to practice account by clicking "Practice Trading" button.


--4--
Let's start practicing..we ll use eur/usd for this tutorial.

click the "Forex Charts" button.


--5--
choose eur/usd(you can choose any currency).

in this example there is a trend.euro is rising against usd.so you have to buy euro low and sell high for usd.(if u didn't understand what I said..don't worry just play for a while)

This is absolutely not a great way to trade, I just wanted to give you a basic idea about trading.In next tutorials we ll discuss some trading strategies.
but you can play few days like this.It will give you some basic trading experience.

next tutorial we ll discuss little more about etoro trading platform.