Welcome To My Online Forex Trading Blog
As the author of this online forex trading blog, it is my goal to document all my successes and failures as I learn how to do online forex trading. I hope to show you everything you need to know to start online forex trading today.

Recent Posts

• Aug 12, 2007: Why I decided to get into Online Forex Trading
• Aug 28, 2007: Deciding on an Online Forex Trading Platform
• September 5, 2007: Researching Forex Trading
• September 6, 2007: Opening My Easy Forex Account

July 14, 2007
Opening My Easy Forex Account

As you can read in my earlier posts, after I decided it was time to get into the Forex market and determined that Easy Forex is the best online Forex trading company, the next step was to create my account and fund it $50 or more.

To do that, here are the steps I followed:

1. At the Easy Forex homepage, I clicked join.
   
   
   
   
2. I then created a "Mini" account.
   
   
   
   
   
3. I then deposited $50 with my credit card.




4. With all the research I did last week on Forex trading, I then felt comfortable making my first ever Forex currency investment. I started the process by clicking on Forex Day Trading.
   
   
   
   
   
5. I then entered my order for purchasing $50 worth of Euro by selling US dollars, as you can see below:
   
   
   
   Now, I just wait for the Euro to go up and I'll sell it for a profit. Stay tuned to find out how I do over the coming month.

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July 5, 2007
Researching Forex Trading

1. Before doing any online Forex trading, I first wanted to make sure I knew what I was doing, so I began to use the research tools Easy Forex provides on their website. I started byclicking on the Forex Info Center and learned:
   
   
• What Forex is
• How Forex works
• The history of Forex
• The most commonly traded currency (Euro to US dollar)
• FREE Forex training
• How to forecast currency changes
• How to understand chart patterns
• Forex strategies and risks
• How safe Easy Forex really is
• The technology used in Forex
• How Forex software exchanges occur
  
  
  
2. I then researched what currencies were doing by clicking on "Forex Outlook"
   
   
   
   
   
3. I especially liked how I could see what the currency markets were doing today and for the last week.
   
   
   
   
   
4. Because I'm new to online Forex trading, I then clicked the "Glossary" button and familiarized myself with the usual Forex terminology.
   
   
   
   
   
5. I then clicked on the Forex Charts to see how the currencies I was interested in buying have been doing recently.
   
   
   
   
   
6. I liked how Easy Forex allowed me to pull up any currency chart (like Euro to US dollar as seen below) and then view it many different ways as you can see in the menu above the chart.
   
   
   
   
   
7. You can also pull up the latest interest rates to see how they are affecting the global currencies you want to invest in.
   
   
   
   
   
8. I found the chart Easy Forex offered very helpful as I only want to buy currencies in countries where interest rates aren't too high.
   
   
   
   
   
9. I then pulled up the latest currency rates to see how the currencies I wanted to buy were doing.
   
   
   
   
   
10. As you can see in the chart below, Easy Forex gives you lots of information to help in your evaluations.
    
    
    
    
    
11. I then pulled up the Financial Calendar.
    
    
    
    
    
12. The Financial Calendar is helpful in that it gives you the current and upcoming financial updates from various countries that can affect their currencies.
    
    
    
    Now that I understand online Forex trading better, I feel I'm ready to create my first Forex account and start trading. Wish me luck!

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June 28, 2007
Deciding on an Online Forex Trading Platform

After thoroughly evaluating Easy Forex (the #1 Forex company) and Forex Yard (the #2 Forex company), I determined that Easy Forex really is the best online forex trading platform for the following reasons:

1. Free 1-on-1 live training by Forex experts!
   
   
2. It only took me 5 minutes to register and start trading.
   
   
3. I could start trading for as little as $50.
   
   
4. I could use my credit card or PayPal to make deposits.
   
   
5. There were no hidden costs.
   
   
6. There's no software to download as Easy Forex is a web-based trading platform.
   
   
7. They offer 24-hour customer support via phone and email.
   
   
8. The provide free access to charting, news, and research.
   
   
9. They provide real-time, live quotes.
   
   
10. They offer 24-hr commission-free trading in 14+ currency pairs.
    
    
11. You can withdraw your money at any time.

I also liked Easy Forex because they provided me with better tools, that I could use to succeed at online forex trading.

I also liked that Easy Forex is a fully regulated and licensed Forex Trading Platform with offices in Chicago, London, Australia, Switzerland & Cyprus.

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June 12, 2007
Why I decided to get into Online Forex Trading

I decided to get into online Forex trading because of a finance teacher I had when I was a student at Long Beach State University back in 1996. My finance teacher traded currencies on the open market in order to supplement his teachers salary and was making just under $100,000 a year in profit alone.

He taught us a great deal about currency fluctuations and how we can leverage them to make money for the companies we go to work for after college, as well as for ourselves.

These days, online forex trading is a highly attractive marketplace that has a daily volume of $2.5 trillion dollars and recently became the largest investment arena in the world! Now that the market has reached critical mass, there is no better time to invest in the currency market in order to take advantage of the global trends that are occurring.

Perhaps it is time that you too, like the millions of other individual investors who are now forex trading, join this lucrative forex market, which is accessible to anyone in the world, 24 hours a day, 365 days a year, from any laptop or computer.

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