So how do you develop a trading plan?

Using sites like www.babypips.com and other learning sites you can learn the basics of trading in easy to understand training courses.

There are trader schools that will actually pay you to learn through their school.

This is a great way to try out trading before investing any of your own money into the game. I would recommend finding local trader schools near where you live and checking them out in person if possible, this could make all the difference between success or failure.

But if you are unable to, most online courses are just as good and can be found for free or affordable rates. When you think of it, it is an investment in your future and it will definitely sprout profits in the future.

Once you have learned the basics of trading, it is time to start demo trading. Demo trading is where you trade with play money in a simulated environment.

This will give you an idea of how to trade without any real risk to your own money.

Most brokers offer demo accounts.