Audrey Deschenes
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Audrey Deschenes in Trading. Let's get it started!,

Getting Started: A beginning guide to investing

How to buy currency 

FOREX is the largest financial market in the world. Unlike stocks, futures or options, currency trading does not take place on a regulated exchange. 

Firstly, choose time-frame you want to trade. Day trading or position trading. If you trade hourly charts, take a look at the daily charts to get an idea of the more significant trend that is developing. If you trade daily graphs, look at the weekly graphs to get an idea of the more significant trend that is occurring. If you get a buy signal on the daily graph but the weekly graph is giving a sell signal, then the buy signal on the daily graph will not work. You must watch news, stock information, financial reports. You need to keep a trading journal. Even before you start trading keep notes, ideas and observations in one place. You must try to develop a trading strategy.

After practicing, begin trading in very small increments. You should trade amounts that are negligible, for example in stocks, enter positions that represent a small percentage (<20%) of your total account. Be sure to only trade with what you are willing to lose. If you are using a margin account, leave some lest you receive a margin call.

You'll need a game plan for making it in the markets, whether your own or someone else's. The strategy should suit your trading style and temperament. You might start with widely-accepted principles of fundamental analysis and also read about technical analysis. Distill what seems most reasonable from a variety of sources.