
The foreign exchange market is full of possibilities, but you should be totally familiar with how the forex market works before investing in it. Fortunately, your demo account can keep you very busy learning and testing practice trades and strategies. These are some suggestions to get you going and help you learn more.
Track financial news daily to keep tabs on the currencies you are trading. Much of the price swings in the currency markets have to do with breaking news. Think about having alerts for the markets you are trading in so that you can make money off of the latest headlines.
It is important that you learn everything you can about the currency pair you select to begin with. Learning about different pairings and how they tend to interact takes quite some time. Find a pair that you can agree with by studying their risk, reward, and interactions …