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A forex trading account can be opened with any established forex broker. Before you open a forex trading account, please be sure to check the broker's endorsements as a Futures Commission Merchant (FCM) registered with the National Futures Association. You can open a forex trading account online, over the telephone, or via fax.
To open a forex trading account, you will need your standard information as well as social security number and bank account information. This is why it is important to verify that the broker is a member of the National Futures Association.
Once your account is open, you can choose to participate in a demo account or begin live forex trading.