How to Learn to Trade FOREX..?
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What is Forex?
FOREX Stands for "Foreign Exchange". Usually refers to the foreign exchange market, which deals in trading foreign currencies.
The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another.
It is by far the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions.
The average daily trade in the global forex and related markets currently is over US$ 3 trillion.
Learning to trade forex (or foreign currency) is easier than one might think. Many brokers exist that allow a trader to leverage several thousands of dollars while risking only a fraction of that amount.
Here are a few steps that might help you to get started.
Links
- Forex: Online Trading Today: Free Forex E-Book
- Forex | Forex Trading | Currency Trading
FOREX.com - THE site for forex trading. Online currency trading w/ real time execution.
Tips & Warnings
- Learn as much as possible.
- Foreign currency trading moves fast and is exciting.
- Because the currency market moves fast, you have the opportunity for large gains. However, losses of all your at risk amount are also possible.
Guidelines
Basic Things You'll Need:
- Computer with internet connection.
- Desire to learn.
- Money to risk (optional and can be as low as $50)
Step 1: Search on Google or Yahoo for terms such as "forex, learning forex, or forex trading."
Step 2: Read as much as possible to familiarize yourself with the terms and currency pairs involved in the trading process. A free ebook is available to assist you in learning. It can be found at Today's Forex Online. You can get the link few lines above this on right side.
Step 3: Choose a broker that allows learning. Some allow for practice accounts and others allow you to start with very little investment.
Some Forex hubs inside Hubpages
- FOREX by Boggledash
The Foreign Exchange Market deals primarily in international currencies allowing financial organizations and the banking sector to trade in such currencies. - 21 hours ago
- The Best Forex Broker
Once the decision is made to start trading foreign exchange, the next step is to select a broker. - 2 years ago
- Top 10 Trading Books Every Serious Trader Should Have
There are so many trading books out there. - 5 months ago
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Ghada Lancer says:
11 months ago
great resource ,, you can fine more in this link
http://start-forex101.blogspot.com/2008/11/forex-t