How Shezi and other Forex Trade Millionaires Started.
Forex Trade, also known as foreign exchange or currency trading, this is the trade of a single currency for another at a decided trade price.
This forex market is open 24/5 and is the most traded market in the world with an average daily turnover of more than US$5 trillion, giving you trading opportunities in any market conditions at any time of day.
Basically what Sandile Shezi (24 year old founder and CEO of Global Forex Institute) and other forex traders have learnt to do well is to generate a profit by speculating on the value of one currency compared to another.
Where to Start?
To jump into this forex trade pool you have to understand what forex trading is and how it works. You don’t need a large sum of money to start, you can trade with a minimal sum or better off, you can start practicing with a demo account without the need to risk any money until you are sure of what you are doing and what is required. How about that for good news?
How Demo Account Works.
Most trading brokers have the use of demo accounts, which allow you to review and test the features of real live forex trading before or without, using real money. In the demo account you are funded with simulated of money, which gives you the ability to conduct fictitious trades in order to become familiar with the ins and outs of the trading platforms.
This account also allows you to become familiar with the available tools and features used in real live trades; it provides a way to test different trading strategies as you progress in your learning.
With free real time forex data and charting if you are a newbie trader these demo accounts are a huge advantage because once you are ready to use trade real money you can switch to a live account and continue using the same software but this time risking cash.