Opening an online brokerage account
Once you have your hardware in place, you can also open an online FOREX
brokerage account by which to transact your foreign currency trades. Some
things you need to bear in mind when opening an online account include:(i)
whether or not the software program will be provided to you for free;(ii) whether
or not you’ll be paying a commission on trades or whether the broker will be
making their money through their ‘spread’ (if not both); and (iii) whether or not
you can leverage trade using your online broker.
You are now in a position to start trading foreign currencies. However, before
you execute your first online trade, it is highly recommended that you spend
some time educating how online trades work by taking the opportunity to learn
foreign exchange trading using a dummy FOREX trading account. Once you feel
you have sufficiently mastered your way around all of these, you are ready to
start online currency trading.
This software below will give you a free online account.
