My friends always ask and I tell them I trade forex. It really is true. Looking back 30 years ago, it was not possible for individuals to trade in this market. It was a market completely dominated by big banks and large firms. Today, with the astonishing growth of the Internet, everyone has the opportunity to trade in this market right in their own home.

When you first start, you have to go evaluate whether you have the money to risk at this time. This is an old trick with gambling “only play what they are willing to lose.” This means the money you use to pay your bills, goes on your bills and all the other necessities. You only spend your left over money on forex. There is a rather large learning curve to this business, so make sure you’ve taken care of all your financial obligations so you don’t end up on the street from using your money on forex.

The next step is to find yourself a broker. This may be something of an enormous task, because there are many out there, and some are not so good. This means that you have to be investing much of your time to find a good one that meets your needs. The best advice that I could give you because I trade forex is goto a forex forum and look at the threads. You can find these forums by doing a google search. You’ll hear the good, bad and ugly when it comes to brokers.

Finally, use your Demo Account. The demo account is as real simulation of trade, except no money is being used. This allows you to gain experience.