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