New to Forex

Step 1 - How to Trade the FXCM Practice Account

Start Trading Currencies with FXCM

STEP 1: HOW TO TRADE THE FXCM PRACTICE ACCOUNT
	TIP: Make sure you have correctly installed all the trading software



	The account looks like the real FXCM Trading System including price action, and trade execution

TIP: A video overview of the FX Trading Station is a great way to get started

TIP: An important tool for learning is the Practice Account...so use it!

1. Choose your currency pairs

2. Decide how much risk you are willing to take and how much you want to gain

3. Track the time and date you placed the trade.

4. Keep notes describing your strategy and why you chose to enter the trade.

5. Decide how long you want to stay in a trade (hours, days, weeks, months).

6. Why did you exit the trade? Was it at your stated stop or limit level, or did
you get out for other reasons, etc.?

7. Experiment. Remember, you want to make your mistakes on the practice account - not with real money!

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