Forex Trading Guide - Welcome
Forex trading (or FX - foreign exchange trading) offers excellent opportunities for you to profit from movements in global foreign exchange markets starting with a small capital investment.
Forex Trading Guide is a series of FREE beginning forex trading tutorials to introduce you to the global forex markets, and help you become a successful and profitable forex trader. Along the way, you will gain an understanding of how foreign exchange prices move, how to develop your own trading system, and learn the mental attitude required to become a winning forex trader.
Play our free trading game. This allows you to trade with real historical one hour price data. You can adjust the trading speed to allow you to fine tune your trading style without having to wait days or weeks to see how you are going.
The tutorials include:
- Why trade forex? - Get an overview of the unique features that
make forex trading attractive to the beginning trader. - Forex overview - Understand what the forex markets are about and
who participates in this market. - Trading basics - Learn the basic mechanics of trading.
Understand price movements, trading timeframes and market
trends and why these affect your trading. - Avoiding scams - Learn how to avoid being scammed by false
promises and dishonest brokers - Choosing a forex broker- Learn why you need a broker, what
a broker does, how brokers charge for their services and how to choose between brokers. - Rules to follow - Essential do’s and don’ts of forex trading.
- Learning to trade - Learn forex trading without losing your money.
- Risk management - Understand how to control your risk in
the market - Market news - Understand how to profit from market news
- Price data - Obtain the price data you need for trading
- Trading systems- Learn how to develop your own profitable trading system. Understand the different approaches you
can use. Understand the objectives of a trading system. Learn
how to build a system you can trust. - Trading software - Select software that will help implement
your trading system. - Building trading systems - Design and develop your own customised trading system. Learn about data smoothing and expectancy.
- Backtesting- Learn how to test your system to ensure that it is robust and able to consistently return a profit.
- Successful trading- Develop the mindset of a winning trader.
Learn how to transcend greed and fear and become decisive and confident. - Glossary - Definition of terms commonly used in forex trading
and forex option trading
Unlike most other FX trading sites, we are not brokers, or in the business of selling trading software, or training courses. You can be assured that our information is unbiased and based on our own research and experiences in the markets. We encourage you to check anything that you are unclear with against other independent sources.
Good luck with your forex trading, and we wish you success in becoming a successful forex trader.
