How to get started in FOREX trading

What is the best way to get started in FOREX trading? Many brokers offer practice accounts where you can practice trading under real conditions. This will give you a good idea of what is involved in forex trading, but to start building up trading skills, you need to practice trading under many different conditions. The problem with trading in real time with a practice account, is that you have to wait for the trading opportunities.

What is the alternative?

The alternative to using the practice account of a broker and trading in real time is to use Trading Simulation software. Trading simualators allow you to go back in time and find specific trading opportunities. Then, you can practice trading the opportunity over and over until you improve your trading skills. Trading with a simulator is similar to trading with a practice account, except that you can choose at what date to start practising. Then you can speed up or slow down the action until you find a trading opportunity you are looking for.



SOURCE: http://www.abc-of-forex.com/forex-best-way-to-start.htm