Next Steps

 
1. Open A Demo Account

Perhaps the easiest thing to do is open a demo account at a forex broker.

Opening a demo account at FXCM is extremely simple:

1. Go to the FXCM website
2. Enter the required information (the fields in bold)
3. Click the "Submit" button.

They'll send you an email with your new demo account details. Inside that email are instructions on how to download and use their software.
 

2. Make Some Trades In The Demo Account

Click around in the software and make some trades. It's a demo account so you can't do anything wrong. After a while you'll be a pro at buying and selling.
 

3. Start To Build A Trading System

You've probably already read some books. Or a bunch of websites. Or maybe you bought some trading system for $49. Write down your rules. At this point just choose anything, because trading in a demo account has no risk. If the trading system doesn't work, change it. If it does, please send it to us :-)
 

4. Trade The System In Your Demo Account

Make sure you follow your rules.
 

5. Discover Trading Currency Is Very Easy In The Demo Account

Made some money in your demo account? We all do :-) Rush off now and open a live account and put some of your savings into it.
 

6. Discover Trading Currency Is Very Hard In A Live Account

Yeah... hopefully you stuck to your 2% rule and didn't lose too much. But how was it possible you lost so consistently? Puzzling.

You went through all the emotions, right? Fear, greed, anger, paranoia (was someone watching you, or what?!), and so on. Good.
 

7. Decide That Hey - Emotions Do Play A Part When Using Real Money

And so you opt to buy some software which can do the trading for you, following your rules, but using none of your emotions. Moreover, you don't need to be a programmer to use this software, because all the setup is done with your mouse.

Congratulations. It takes years for some people to come around. You have taken a giant shortcut.

Here's more information about our Automated Trading Machine. And you can download it from here. It'll even do the backtesting so you can experiment and come up with new and exciting trading systems. Read how to get started.