How to Make FOREX Easy

1. Step 1

   Spend some time observing currency exchange rate fluctuations. Fox Business Network and the Wall Street Journal are two good sources for an overview of current news that may affect currency rates. Online, XE (http://www.xe.com/ict/) gives both current and historical exchange rates for a variety of global currencies.

2. Step 2

   Set up an account with an online Forex trading service, such as GFT Forex (http://www.gftforex.com/). Start with a practice account so that you do not lose your initial investment. Spend at least a month doing practice trades. The idea is to collect data and track trends.

3. Step 3

   Switch your practice account to a paid account so you can begin trading. You will need to amass a minimum of $250 to get started, but $2500 is recommended in order to make a profit. It is a good idea to package your account along with access to online tools that help you decide on the best trades.