For the beginner with slightly more money (and you should not be in this business if you don't have a reasonable sum to work with), another good idea is to use a forex micro account to practice on, or test a system without taking too many risks. You may well have used a demo account and dummy money already, but it's not a bad idea to go live with real money as soon as you can. If you use a micro account you can trade but keep the position size very small.This allows you to make trades, assume risks in the real world with real money, and discover how you react to the tension of the actual market - even if you are not playing for very high stakes. If you do okay, you can then slowly put more money in your account and eventually think about moving move on to a higher and more adventurous level, the mini account.

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Even some experienced traders like to dabble in a micro account with which they try out a new approach, see how well their intuition is working, or simply try new ideas. This is fine if you don't mind losing small amounts over and over. But if you "play" at trading without a specific system, you might be right a few times, but you are unlikely stay in profit for very long.Did you ever wonder how you can capitalize as an individual investment on currency fluctuations and make money? Well the answer is online Forex trading. Forex is an abbreviation used in the financial industry for foreign exchange. FX is another commonly used abbreviation to describe the same concept.

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