For anyone interested in learning how to trade forex online, having good understanding for basics is essential. You can check this infographic for some easy understanding of forex market .

Forex trading can be a serious career or business opportunity to earn full time living online. But like any other thing in life, there is many things to learn before start seeing positive results. Taking some time for educating yourself can help you making big mistakes in future.

There must be so many questions in any beginners mind like how to get started? which broker I need to open account with? Should I demo trade? Is day trading better than swing trading? etc. But first question you must ask yourself is Forex trading for me?   Not everyone can be a forex trader like not everyone can be artist or musician.

Even if you think forex trading is for you than also you must require patience, discipline, courage and experience to be really be good at it.

I suggest following steps to get started with trading forex. Though we have covered many things on this site for educating traders, I am presenting here important steps for any beginners to get started on right track.

Step 1 :   Getting Educated 

You must have solid grasp on forex basics before you learn advance trading strategies or open your account with any broker. We have tried to cover most of important basics topics here in Forex Trading Basics – Free Training Course For Beginners. Going through it thoroughly will help to create solid base.

After that you can learn about various things related to fundamentals analysis   and technical analysis. Both of these are very broad topics so its difficult to have all understanding in short time. But you have to keep learning them on your own pace.

Step 2. Find A Forex Broker

Trading in forex is done through a broker or dealer. A broker provides you a trading platform and other services  which allow you to make trades online.  Making a selection of broker is personal choice for each broker. We have create a guide to help you with this selection How to Choose a Forex Broker. You should review and compare options and select the best based on your needs.

You can also go through our top picks here at best Forex brokers for this year .

Step 3. Open A Demo Account

Most of the brokers offers 30-60 days demo account with virtual money to trade. This gives you opportunity to trade without taking any risk with real money. It also gives you opportunity to familiarize yourself with trading platform and various other services offered.

Step 4. Trading Style And Strategies

One you have your demo account ready, you can try trading with various strategies. You can check our collection of various Forex Trading Strategie s. There are so many strategies available, its not possible to test them all. But you can start with few easy strategies covered here in Forex Trading Strategies For Beginners .

At same time there are various style of forex traders. You may not able to get idea which style is good for you but this article can help you know about them Find Your Forex Trading Style .

You must be patient and disciplined during this period. This will help you to gain valuable experience by practicing trades through your demo account.

Step 5. Make Real Trades

One you feel confident to start real trade, its time to open a real account. Making your first trade can be nervous and same time very exciting. Trading with real money is very different than trading demo bcas of role of emotions. To reduce fear of lose, you can start with either Micro or Mini account.

Its good for you that you try to execute same strategies which you practicing while demo trading. Mastering your emotions and money management is key to your success as forex trader.

Once you have mastery over your emotions and money management principals, anything is possibility.

Dont give up if your few trades went wrong. Learn from mistakes you made and think how you can improve on it. Trading forex is continuous learning process.

Moving Forward

Key to be successful in forex trading is starting slow, having a solid trading plan  to follow, being cautious and disciplined and than expanding your horizon. Even experience traders lose trades but key is getting your winning trades ratio higher. You must ensure that you trading plan works and than you just stick to it.

And at last, always remember this famous quote from legendary basketball player Michael Jordon