Practice Account

The best way to start in Forex is to get a practice account. Almost every broker offers a free practice account; all you need to do is sign up for one on the broker´s site. Practice accounts are made with virtual money so you are able to make trades without using real money.

Practice account give you a great chance to experience the forex market. You can see how prices changes at different time of the day. You also can start trading in the real market without the fear of loosing money, you can experiment with different strategies to see which one is the right for you, and start analyzing charts and following technical indicators.

You make trades in the Forex markets one of two ways: You can trade at the market, or the current price, using the click and deal feature of your broker´s platform; or you can employ orders and one cancels the other orders.

May people don´t like the idea of placing and order that may be or not executed, they like to buy and sell to be actively involve in the dealing. But if you trade like that you need to be watching carefully the charts so you don´t miss any opportunity.

That´s why I think is better to do both so you can see for yourself which one is better, also depends in how much time do you have to trade and how much do you know of technical analyzes, etc. But remember if you want to receive free forex signals go to Fx-megaforex.