For those of you who are interested in trading in Foreign Exchange, but always thought that you needed to get some practice before you could start, here is the perfect website for you.
FX Solutions provides a free demo account, where you can test your skills and hunches at Forex trading.
Though I must add that this is not for the meek. There are huge fluctuations in the prices everyday as the price depend not only on the economic conditions of the country, but also on the political and natural, much like the stock market. But unlike the stock market, you need to keep in touch with the changes happening in every currency you intend to invest in. If you get your hunches right, you could make hundreds and thousands of dollars in a single day even if you are starting out with a small amount of money.
But as they say, practice makes perfect. The more you practice, the more you get to learn about how each news announcement causes the currencies to fluctuate, and over time you can learn to correctly estimate the amount of change every news would bring.
I never really got hooked on to it(mostly because you need about $25k to start), but there is this friend of mine, who was so much into it, that it was all he did at office. After some time the problem got so bad that he got fired for spending too much time on his trading site. Though now he says it was for the better, as he makes a lot more than he used to (and he used to make a lot then), and he works (rather as I say, gambles) from home, everyday.
It is a strange new world, but one which holds tremendous promise, and this could be your first step towards it.
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