Question: How can I become a online FX trader? What should I do to prepare?
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To become a Forex trader, start with learning the basics of the Forex trading – the main definitions and concepts.
Then work out the theoretical knowledge on demo accounts.
Using these accounts you will learn the material, gain the trading experience and sharpen your trading strategy without risks.
Trading Strategy & Plan
One more step towards becoming a Forex trader is writing a trading plan.
The trading plan helps to avoid mistakes and minimize the risks arising in the trading process.
The trading plan is based on a comprehensive market analysis using statistical data of the fundamental and technical analysis.