Forex Trading - The Secret to Making Your First $100 in Forex

Have you just started forex trading? Perhaps you have been trading but haven't made any money yet? I'm going to show you the proven way to make your first 0 in forex.

If all traders were to follow this simple outline, then they would be making money. In fact, the failure rate for new traders would be inverted. Instead of 97% failing, you would have 97% succeeding.

FOREX

So, what are the steps that lead to forex success (and your first 0 profit)?

1. Start by just demo trading. This is just the first beginner step. It's not nearly as important as they make it out to be. By "they" I'm referring to the forex gurus. Yes, you need to get a feel for the system you will be using, but the next step is far more important.

2. Open a 1 cent per pip account. There are several brokers that will allow you to trade forex with a "nano-sized" account. This is even smaller than the micro account. This account will allow you to lose huge amounts of pips, and not be financially impacted. For example, if you lost 800 pips, you would only be down .

This is important because here is where you learn to trade without caring if you won or lost. Yet at the same time, you are trading with real money. You need to spend at least several months in this step.

3. Move up to a micro or mini account. At this point, making your first 0 in forex will almost be like an afterthought. It's really that easy, if you've put in the hard work and time on step 2. Step 2 is the crucial step.

Oddly enough, making the 0 won't seem important like it did in the beginning. You'll achieve that, and then go on to even bigger amounts.

Forex Trading - The Secret to Making Your First 0 in Forex

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