There is Nothing Simple About Forex

Trading the Forex market to make quick money is not the wisest decision for your money. It is not a subject that can be learned from a few training sessions. You will lose money if you are unaware of how the market works.
This article will proved some basics for you to get going as well as other forex trading tips. The most important step is to have an open mind. Make sure that you realize this is not a way to make fast cash. You will lose the money you invested and then some, if you have this frame of mind. Get the idea that you will learn as much as possible about the market before you spend a dime.
The next thing to do is to learn some fundamentals on trading. This is really important particularly if you have never studied the stock market. The Forex Market and the stock market share common theories. One book that is really great for beginner is "How Charts Can Help You in the Stock Market" by Jiler. This book should be taken seriously. The information in it has to be understood and applied. The principles in it are what the Forex market is built on. Everyone of the new Forex materials are based on this and if you don't understand it, you will fail. Of course there are a ton of books to study, some are good and some are crap.
Third, get some software so that you can practice trading. This can be purchased or you can get it free. Use several programs to figure out which one you like the best. Never use real money unless you are able to get a return of 80%. That would be considered the best forex trading.
You have to be very strong to get into the Forex market. It takes a lot of time to study it and understand it. If you have patience and are will to do the work, then you will do very well.