Potential investor – who is he?
Answer – a casual man, who has certain amount of funds accumulated. As any reasonable man, sooner or later, he starts to think about where and how to invest it : Spend it? Take it to the bank? Invest somewhere? But where? Nothing to spend it for, he has everything he needs. Zero desire to take it to the fat bank cats.
So somewhere on a subconscious level there is always a thought about speculations. And why not? There is a lot of free time available, fully legal - pay taxes and speculate all you want. Next step is to chose where and with what to speculate? He might have heard from friends about some - Forex market. People are trading currencies, buying low, selling high. And it's right there, no need to go somewhere, just reach for your computer and you are already at work.
But seriously. First steps must be simple. Like to google «What is Forex?»or «Everything about Forex». To see about 80 to 100 millions of results. First ten usually will provide enough information. As «Those who seek ..».
Terms to learn about : dealing center, Broker, trader, price chart, currency pair, Forex overall. Should be enough to take on a first day. Taking the first short impression about how the market is operating, which powers determine the courses, next in line is to know : who are the traders and the Brokers.
In short : traders – currency speculators (individuals); brokers – licensed party, operating in jurisdictional fields. So you need to pick one, and it can be difficult. Possible to go random and pick one from top 10. But is it recommended to get familiar with it first, and learn through sections as :
• public offer;
• trading conditions and account types;
• how o start working;
By going through those sections, beginning trader will realize that he can invest without trading by himself. But to invest with the experienced trader's account for 30% to 50% of profit commissions. Such service is provided by PAMM-system. Risky? Of course. But it is much more risk involving to go in a trade wars by yourself. You can copy the trades executed by those traders This service is provided by the ForexCopy - system, for additional fees.
And close attention should be paid for the demo accounts. If to separate the account types on two : demo and real. On real account trading is executed using the real funds of a trader, on demo-accounts – virtual funds are used. Demo accounts are the same as real accounts except the fact that one is meant for practice on live market conditions using virtual funds, and the other is for actual trading with real funds. By using demo accounts, you can determine the most suitable trading strategy for your needs, and this is the most difficult step in a trader's career. It is implying learning the basics of technical analysis; getting familiar with the market trading attributes as indicators and advisors.
In the projected future, beginning trader will be met with a life full of excitements. The one who walks the road will finish it!