| In the first part of this article I have | | | | So, here is a simple list of how to get |
| outlined 10 good reasons why Forex (Foreign | | | | started: 1) Setup a quite corner for yourself |
| Currency Exchange Market) is an excellent | | | | as a work-area, 2) You must have a reliable |
| investment opportunity for anyone to make | | | | computer and reliable connection to the |
| money, online, even with very little start-up | | | | Internet, if you can afford a second |
| money available. In this part I will explain | | | | connection to the Internet with a different |
| how to get started. | | | | service provider than it's even better (I'll |
| | | | explain why in a future article). Also make |
| If you want to make money with Forex, online, | | | | sure you are comfortable and have plenty of |
| you have to think of it as a business and | | | | light, a dingy, dark corner will soon dampen |
| treat it as such. You have to get serious | | | | you enthusiasm, 3) Set aside some 'quality' |
| about it and you need to get organised. | | | | time for you business the same time, every |
| Initially, you have to 'go to work' just like | | | | day in the beginning, you can spend less time |
| you would in a conventional business. Set | | | | as you get more experienced, 4) Find out more |
| aside some quite, work hours for yourself, in | | | | about how the Forex works, train yourself and |
| a quite corner of your house so you can | | | | find a mentor who is already trading |
| concentrate on your business without any | | | | successfully, 5) Open a demo account with a |
| interruptions. | | | | reputable online broker, 6) Start keeping a |
| | | | record of everything that you do and why you |
| Also, as with any other business or trade, | | | | do it. The easiest way I found to do this is |
| you have to train yourself and hone your | | | | with a simple Excel Sheet(c) or something |
| skills, continuously. The Forex offers an | | | | similar, 7) Analyse the results of your |
| amazing opportunity to make money, with | | | | actions and see how they affect the balance |
| little effort in record time, however, you | | | | of your demo account, 8) Make backups of all |
| have to know what you are doing and you do | | | | your records, I can't emphasis this enough, |
| have to put in some work. Just as you would | | | | it's really, really important, 9) Revise your |
| not allow your 10 year old kid to drive your | | | | actions and record keeping methods then go |
| fancy, expensive car, it would not be a good | | | | back to step 4. |
| idea for you to jump into trading the Forex | | | | |
| without learning how to drive this 'vehicle'. | | | | It may sound a lot, however, most of it is |
| | | | common sense and applicable to any and all |
| If you are a beginner spend some time on | | | | businesses. It is critical that you keep a |
| reading up on the Forex and perhaps find | | | | record of everything that you do, whether |
| someone who is already trading successfully. | | | | it's changing your chair or the lighting, a |
| Ask them to mentor you or allow you to look | | | | new trading platform. Whatever you do make |
| over their shoulder. Once you have some idea | | | | sure you have a record for it and an |
| on what makes Forex tick, you should open a | | | | indication of how, if at all, it has affected |
| demo account with one of the many reputable | | | | your trading ability. I have records of |
| online brokers. This is the best way to learn | | | | everything I do, not just for Forex, but for |
| what happens to your money and your account | | | | all of my other businesses going back 7 |
| in the real world without actually risking | | | | years! Now, that's a lot of record keeping |
| any of it. You also have to develop good | | | | but with computers it's real easy. |
| record keeping habits. It's not a hard job to | | | | |
| do it, you just have to be disciplined enough | | | | I think we have covered a lot in this second |
| to keep up with it. Again, it's no different | | | | part. I'll go into more details in future |
| from a normal business except that the | | | | articles. Meanwhile, go through this article |
| rewards can be much, much higher in relation | | | | and start putting my suggestion in to action. |
| to the work you have to put in and of course | | | | If you have any questions about what I've |
| you can do it from anywhere as long as you | | | | said above or need information on anything |
| have access to the Internet. | | | | related, just refer to the resources and |
| | | | links at the end of this article. |