Your question is a common one, and I've asked these questions myself when I first started trading... So here are the steps that I recommend:
- Study the Forex market from the available sources online. Important concepts to learn are technical analysis, fundamental analysis and money management. For this I highly recommend School of Pipsology - - Beginner's Guide to Forex Trading, Free Forex Education, Learn to Trade Forex, Forex Training - BabyPips.com
- Next, set up a demo account with any of the reputable brokers and start paper trading (trading with fake money).
- As you continue to paper trade, you can start developing your own trading rules and start developing your own trading system.
- Once you've made consistent profits in your paper trades, you may like to look into trading with some real money. BUT NEVER, NEVER trade with money that you can't afford to lose!
That's pretty much it. Unfortunately, most people get stuck at Step 3. I know I did.
If you're not sure about developing your own trading system, you may like to purchase a system that another profitable trader has developed. Please remember however, that there are many scam trading systems online that are completely useless. So be very careful when choosing to purchase one.
Let me know if you need any further help!
Thanks.
