Forex Trading Strategy For Beginner Forex Traders I

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Forex trading has always been a well-known way to make money on the Internet. Over the last decade, literally hundreds of Forex brokers have popped up, each claiming to offer the best Forex trading training and education methods to help new traders earn easy profits.

In the last few years, however, a new phenomenon copy trading has developed: social Forex trading. Several brokers have realized that new Forex traders are overwhelmed by the amount of education and practice necessary to become successful Forex traders. Simply put, most new traders expect to make currency trading profits immediately, and are sorely disappointed when their broker fails to provide. Social Forex trading addresses this problem by allowing traders to view the trades carried out by the brokers’ successful, veteran Forex traders. The new traders can then copy the veterans’ trades exactly, earning similar profits.

This seems very easy, and perhaps too good to be true. While it is easier than learning to trade Forex by reading countless hours of lessons and learning technical analysis, it’s not quite as simple as clicking a button and becoming rich. Now traders have to decide not only which Forex broker to use, but which trader to copy. This can be a tricky decision, but here are some pointers to help: