How to Open a Forex Account?

If you have been reading about Forex, there is a great chance you will like to open an account. Maybe you think is a difficult process, or that you will not be able to do it. Here we will give you answers to the most common questions you can have, please if you have any question feel free to contact us.

1. What is Forex? is short of foreign exchange, and it trades currencies. With an average daily volume $1.4 trillion dollars, forex is 30 times larger than all of the futures makets combined and is the most liquid.
   
2. How does Forex work? In forex online trading, currencies are always priced and traded in pairs. You simultaneously buy one currency and sell another or vice versa. The most valuable currency is listed first. For instance, you believe that the US Dollar will strengthen vs. the Euro Currency so you would sell the Euro Currency and buy the US Dollar or Sell EUR/USD.


3. What are the most active currencies? The most active currencies are: USD, JPY, GBP, EUR, CAD, CHF, AUD. The "majors" are the most liquid because they are seen as having the strongest economies, stable governments and strong central banks.


4. What is a PIP? A pip stands for percentage in point, which is 1/100th of 1%. The pip spread is how the currency trading company and the introducing broker are compensated for their services.


5. Do you open Forex accounts? Yes, we do, please go to Open Account for more information.


6. Can I open a demo account before I risk any money? Yes you can, we give you a free demo account, so you can practice your strategies without risking any money.


7. How do I open a Forex account? Is a simple process that will take you 5 minutes. You will have to answers some questions about your personnal information, send an ID, send the funds and that`s it. Quick and easy.


8. What is the minimun to open a Live Forex account? You can open accounts, with as little as $250.00.


9. What are the risks of loosing when I start trading in Forex? Risk and profit potential are directly proportional to each other. You can lose part or all of your risk capital when investing in markets with high profit potential such as forex online trading. Open a forex trading account using speculative capital only. Forex is traded in the cash market and not on an exchange.


10. Who can open an account? Anyone with a computer and High speed Internet conection. No matter where are you from.


11. Do you give support? Yes, we give support in English and Spanish. Si damos soporte en Inglés y Español.

If you start your free demo account you will receive access to 30 days of live graphics, live currencies, live charts and megaforex signals for free. When you open your live account you will still receive your megaforex signals, as long as your account is open. Take advantage and learn how good it feels that your money is working for you.

For more information go to: Fx-Megaforex or Forexmegatrion.