What’s the best way to learn forex choosing the right broker and can you start with 50 dollars
I’d start right here: [B]School of Pipsology | Learn Forex Trading[/B]
I’d start here (there are lots of threads discussing this question): [B]301 Moved Permanently
You [I][U]can[/U][/I], just about (if you use a broker that allows infinite granularity of position sizes, such as Oanda) but that doesn’t necessarily make it wise: you may be better starting off with a free demo account with a fictional $1,000 or $10,000 or whatever, until you’ve had plenty of practice?
And welcome to the forum.
Full ago forex broker that allows to open an account can also avce $ 50. perform an online search to forex broker avce small depot on google, CHOOSE a regulated broker, and take the time to read the opinions of traders who use the services.
The best way to learn forex trading is through trading with small accounts, making mistakes and learning from them, while is same time you educate your self here for example in Baby Pips.
I think that is one of the biggest mistakes the majority does.
I do not really agree with the idea of learning on demo trading and than moving to live trading. Demo is demo and what ever you can learn there you will not be able to simulate in a live trading because in live trading you are trading your money and emotions are playing a big role and that is not the case with demo trading.
I push any trader who is new to get into demo trading. When they illustrate profits on demo and losses when switching to a real account it “shows” where they are aiming to be - hence the difference between the two balances demonstrates the error or their own emotional flaws.