You are ready. You’ve done your homework. You have read the all right trading books, watched all the right professional trading videos and attended a few of the right live seminars presented by big-name professional traders. You’ve researched your brokers, did your trials of various electronic trading platforms, and have your trading account ready to go. It’s day one of your new career-hopefully the one that will finally send you down the road to financial freedom. Congratulations, you are now a FOREX Trader.
The daily Forex signals demo is a smart way for a new investor to begin. Reading books about forex and taking online courses will teach you the basics, but the best way to learn the trading process is to obtain some hands-on experience. However, with forex, hands-on experience could mean losing your shirt. So a demo offers you real-world training with no actual money being involved. You can start learning for free.
You may ask this question: Why do I need to become a member in this Forex signal provider service?. And here’s the answer: If you are a beginner Forex trader, you may have discovered that you are at a great informational disadvantage to the much larger and institutional traders.
The important thing is that you do not try to reinvent the wheel. Watch the daily Forex school videos for some of the most up to date information. The truth is, a lot of charts have many different indicators you can look at, but you do not need to use all of them. Keeping it simple is very important for long term success, and most indicators are just for looks and not functionality.
Except in summer where there is a 1 hour gap in forex trading activities because of DST, currencies are traded in a 24 hour basis non-stop from Moday to Friday. Servers of foreign currency brokers all over the world start to open at 8 A.M. on a Monday in Sydney which is still Sunday 4:00 P.M. in New York. They remain open until shops close in New York on Friday at 5:00 P.M.
These were the methods used by the investigation mentioned above. After checking out 250 different services they actually found a service that had returns of 200% with many pips returned as profit.
Slippage. Slippage is the period between when your order is placed and the operation is completed, so find out how much slippage can be expected for fast and normal moving markets.
If you pick the right service, there will also be live discussion with other traders following the same person (which is VERY helpful and I can’t emphasize this enough) and the forex expert will take every opportunity to teach you WHY he’s doing what he’s doing. You will never be able to fly solo if he just sends you the signals without taking the time to explain to you WHY he’s doing what he’s doing.