Free Forex Trading for Newbies videos help new forex traders get up and running fast.
Vancouver, BC -- (SBWIRE) -- 05/31/2012 -- New Forex Trading for Newbies site provides free video training for forex trading newbies. With the gaining popularity of currency trading around the globe, the need for introductory forex trading education has never been greater.
The first free currency trading video begins by demonstrating how to download and install the free metatrader software, a popular standalone forex trading software that is also often used as the basis for forex trading robots, also referred to as "expert advisors" or EA's. This step is optional but is recommended so that the student can follow along with the later lessons on their own computer as the videos progress. The second free video demonstrates how to configure the software in a way that makes currency trading easier to follow and understand.
With this basis the student can then go ahead and attempt trading on a demo account, which is a "training account" that does not contain real money. This allows new forex traders to become familiar with the software and fine tune their trading strategies before ever trading currencies with real money.
In demo mode the software accesses the real time graphs and quotes similar to trading a real money account, so it is a good simulation of real life currency trading. However, students should be aware that results obtained during demo trading sessions do not necessarily reflect the results they would get trading with real money, since the psychology of trading with real money is quite different, meaning that the student would not necessarily make those same "demo trades" in a real live currency trading environment.
The two free forex trading videos are the first two videos of a full (yet inexpensive) 21 video series that allow the student to watch over the shoulder of an experienced forex trader as they proceed to explain important trading concepts and execute live currency trades right in the videos using the metatrader software.
Visit the Forex Trading for Newbies site to get started watching the free videos here: http://www.forextradingfornewbies.net/
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