Your interest towards Forex has recently occured but you have already read something about the subject on forums and in manuals/tutorials dedicated to Forex.
Now you are mostly concerned about who is right: ones who say that Forex is something playful or those who argue that one can make a fortune here.
Some experienced traders do not recommend to work with a demo account in Forex school since it can create misconceptions. A beginner who has doubled his demo account in a couple of weeks tends to believe that a real account just as simple. In general, problems faced by traders do not occur in demo mode. Since a demo account works with a virtual money then the trading psychology dramatically differs from the one that will accompany a trader on a real account. Successful traders argue that only a real account is a true Forex tutorial. So, is it worth trading on a demo account and reading Forex manuals?
Yes, to obtain a reasonable confidence in actions within "where to click" level. But once you have understood how the MetaTrader or other terminal work, how to set a pending order and how to execute buy and sell orders – leave a demo account and open a real account (in our company there are no minimum deposit requirements) and learn how to earn money with minimum lot sizes (from 0.01 lot).
Abundance of information about the subject gives an impression that it is necessary to read a great deal to avoid common mistakes. It is dangerous because heaps of information would be packed in one's mind which would be easier to forget than to sort.
Do not try to swallow all information provided on forums and in manuals/tutorials dedicated to Forex: it can be controversial. We suggest for a beginner to start with two forex trading tutorials: «Trading chaos» by B. Williams and «How to play and win at the stock exchange» by A. Elder. That would be enough to overcome initial three steps.
If you have chosen our company please use interactive manual to get important information in a concise manner. This is the work of authorship which systematically and clearly outlines basics of working on exchange market. Explore the order that limits losses, types of pending orders and main charts.
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