- Where is the best place to start? Learner account or Active?
- Which training is the best and most affordable?
- Which FOREX Broker is best for a beginner, and what is the suggested amount to fund the trading account?
- Is there a phone number to call to talk to a live body?
- What are the requirements for establishing a FOREX Trading Account?
Thank you, in advance, for your answers.
Sincerely,
Charles Layne Horton
Hi Charles, welcome to BabyPips!
If you have to ask, then you should start with a demo account. They are absolutely risk free and most brokers offer them. For example with FOREX.com, you can register for a free demo of our Advanced Trading Platform or the MetaTrader 4 (MT4) platform or both.
BabyPips offers free education. This is a good place to start. Learn How to Trade the Markets
As mentioned above, demo accounts are completely free. Before you think of investing real money, practice on a demo to get a better understanding of the market. Then you will be in a better position to decide how much to invest.
In regards to choosing a broker, this earlier discussion highlights the importance of choosing a regulated firm appropriate for your region: Unregulated brokers illegal? Whats the Risk? Help Please!
As mentioned above, you’re welcome to try a free demo with FOREX.com or more than one. Our customer support team is available to you 24 hours a day via phone (1-877-FOREX-GO) or online chat.
Regulations vary by region, but the online application process is comparable to most financial accounts. You have to verify your identity, possibly by submitting a copy of your ID along with proof of address.
I think that the best start is to start learning in babypips school. Very good learning material. During learning process, open a demo account and practice your knowledge and try to fully understand what you are learning and its implications on your trading method and potential for earning