Trading forex is one of the fastest ways of earning money online. Many people have earned thousands of dollars in just a few days. It is easier and requires less capital than stock-trading and you can trade 24 hours. Moreover, you can buy OR sell currency pairs, this means you can profit in both a rising and a falling market. This is ideal in the current economy.
You can learn more about Forex in this post.
Here I will recommend some risk-free methods for trading forex.
Most brokers have demo accounts for beginners to practice forex. These accounts are free and you can practice trading using virtual money.
Some brokers will even give you a small amount of money to start trading hoping you will invest later.
Marketiva (Highly Recommended)
Marketiva is a forex broker that has been around for years, very reliable.
It will give you $5 free just to try trading forex. Many have grown the $5 to thousands of dollars. When you sign up, $2.5 will be in your live funds, the other $2.5 will be in your live forex account. You can freely transfer money between accounts.
Moreover, they have a live support system that will answer your questions in different languages instantly (open 24 hrs). Market is closed on Sat and Sun. Also, they have chat rooms for more than 30 different languages.
Highly Recommended!!
You can sign up Marketiva Here.
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eToro is also a very reliable broker and has an excellent platform for beginners and professionals. (Do Not Accept USA Traders)
It is best known for its innovative trading platforms. With the visual graphics, trading at eToro is like playing games.
Also, you will receive up to $1000 after your initial deposit. For professionals, there are weekly contests where you can earn cash prizes for being a good trader!! (Offers demo accounts)
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Easy Forex (Recommended for USA Traders)
Easy Forex is one of the leading forex brokers still accepting USA traders. I really like their web trading platform, where you can trade online without downloading the software. This is really convenient when you are not at home or travelling. You can also trade forex using your mobile phones!
Unfortunately, their spreads is a little bit high if you are not a Platinum or VIP trader. That is why I recommend you to at least become a Platinum member and you will get a personal dealer and enjoy higher leverages & lower spreads.
If you are from USA, definitely give Easy Forex a try!
Note*I highly recommend you to learn more about forex before investing your own money. Go to http://www.babypips.com/school, and start learning forex from kindergarten level.
If you would like to make a comment, please fill out the form below.
How best can I trade ?Please help me.
Hello Oguh Chris,
You can learn the forex basics from http://www.babypips.com/school
Start from kindergarten level. The courses they are offering are complete free.
hi how do you invest into forex and also get your money back into real cash? can it been done through paypal? what is all the options?
Hello Ash, Etoro offers the following deposit methods: Credit Card, PayPal, MoneyBookers, Neteller, WebMoney, Wire Transfer or Bank Draft. One thing to note is that most forex brokers require you to withdrawal your money using the same method you deposit for security reasons. For example, if you fund/invest your forex account using Paypal, you must also withdrawal/get your money back through the same payal account.