Forex Trading Tutorials

Spot Forex Trading

There are several options available for the trader who wants to trade forex instruments. You have options, futures and not least forex spots which are the most popular type of forex instrument traded. They each hold their own unique advantages and negatives. The difference between them may not seem that big for the inexperienced trader, [...]

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Forex Option Trading

When most people think of trading currency they think of trading forex spots or currency pairs traded directly on the market. Not many people trade forex options, but they can actually be a very good method of either hedging your investment or outright speculating in them. An options is what the name implies: An [...]

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Forex Trading Charts

Forex trading charts are an invaluable tool used by forex traders. The first thing you are going to notice when you fire up your trading platform will be those flashing numbers and graphs. These graphs are the bread and butter of forex trading. They will show you everything you need to know and with a [...]

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Foreign Exchange Rates

Foreign exchange rates are the ratio between two different currencies and are used to calculate the relative value between them. Everyone has come into contact with foreign exchange rates at some point in their lives. If it was changing money for a family vacation, buying something online from abroad or actually trading forex for profit. [...]

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Fibonacci Forex Trading

Fibonacci forex trading is one of the most used mathematical tools used by forex traders and the background for most trend line and support line calculations. This famous sequence of numbers literally brings in billions of dollars for traders every year. Some of you may have heard about Fibonacci numbers briefly in high school or [...]

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Currency Trading Basics

In this text we will look at the basics of currency trading. Currency trading or forex trading may seem complicated at first glance, but the currency trading basics are not that difficult to understand. Currency trading is simply the act of exchanging one currency for another on the currency market. Every time a family changes [...]

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How to Become a Forex Trader?

Forex trading is full of promises, but also pitfalls and perils. Being a successful forex trader is the dream of countless beginners, yet those who achieve this goal are not very numerous. Many are tempted to think that the low success rate of retail traders in comparison to the supposedly better returns of hedge funds [...]

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Peter Bain – Forex Mentor Review

Everyone can use a helping hand once in a while and it’s certainly no different in Forex trading. Before we can begin to make big profits and trade with thousands of dollars, we must first learn the basics and advanced tactic’s and strategy that we will use.
That is where a forex trading course like Peter [...]

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Forex Trading Articles

Beginner Forex Articles
The participants of the Forex Market
How to detect Forex Broker Scams
Forex Glossary
Forex Broker Safety
How to profit from a Falling Dollar
How the news moves the Forex Market
The participants of the Forex Market
Historical Data Articles
How to analyse forex price data
Historical Price Data
Backtesting Articles
Forex Backtesting Rules
All about Forex Backtesting

Other Articles
Trading Software
The truth about managed forex accounts
Spreadsheet [...]

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Forex Currency Trading Training

My aim here is to save you some money. You may be tempted to
purchase an expensive currency trading training course. There is no
need, the content at fxtradingguide.com is high quality and is FREE!
We also help you to avoid the scams too.
Forex for Beginners
Why Trade Forex?
Forex Market Overview
Forex Trading Basics
Learning to Trade
What are Trends?
Trading Mindset
Trading Mindset [...]

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Currency Futures And Options Examples

Currency Futures Trading
Currency Futures trading involves the buying or selling of foreign exchange futures. Futures are contracts that have a date of expiry. Contracts are priced based on their current value at the specified date in the future. The pricing of FX futures is based on the interest rate differentials of the currency pair.
For example, [...]

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Forex Historical Charts

Forex Historical Data and Currency Trading Charts

I have compiled some free forex historical charts for you to see how currencies have move in the past. Some of these charts go all the way back to 1978. As you can see below historical forex prices have been highly volatile.

EUR/USD (Fiber) Currency Historical Chart

The Euro was first [...]

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4 Ways to Learn Forex Online

Forex (or foreign exchange) trading presents small, independent investors with an exciting opportunity to make money. However, before you dive into this type of investing, it is important to learn as much as you can about currency trading. Fortunately, there are plenty of ways to learn forex online.
Learn the Jargon
As in any specialized area, the [...]

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Forex Trading Risks

Forex trading must always be considered a high risk way to trade or invest. The risks of forex trading are particulary high because it is traded on a margined basis. Infact some forex brokers offer very high leverage, as much as 500:1.
Forex market risks and volatility are often very high, when this is combined with [...]

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Is It Easy to Make Money Currency Trading?

Many new traders have the mistaken believe that it is easy to make money currency trading. Unfortunately most new traders will this belief end up losing a big chunk of their live trading account. Many people do make money trading forex but it usually comes after a lot of heartache and hard work.
It is currently [...]

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Profiting From the Fall of the US Dollar

Its a fact that the US dollar is losing value against many benchmark currencies. Every week it seems that we are hearing that the greenback is falling to a new low against the Euro.
There is some bad news for the US dollar:

Trade deficit of US $765 bilion
Current account deficit of US $856 billion
Gross national [...]

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What Are Trends?

Short term FX market movement is essentially random. A Forex Trend is when average prices increase or decrease in the same direction over time, even though there may still be short term random price movement. Trend following is the basis of successful FX trading.
Changes in seasons illustrate the nature of exchange rates trends. When the [...]

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What Moves Forex Prices?

Forex market prices move constantly. This is due to the different expectations of market participants, and the imbalance between buyers and sellers. If buyers and sellers were perfectly balanced, there would be no price movement. Where there are more buyers than sellers, prices move up, and where there are more sellers than buyers, prices move [...]

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Spreadsheet Showing Smoothing Approaches

Here is a simple Excel spreadsheet illustrating the following smoothing approaches:

Simple moving average (20 period)
Simple moving average (50 period)
Median filter
Exponential moving average (20 period)

The chart shows the output for each smoothing approach against the market.
The formulas are all fairly simple, and you can adjust them if you want to experiment.
The main point is that longer [...]

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Glossary of FX trading Terms

There are hundreds of forex trading terms that you’ll hear throughout your trading career. The following list defines the most commonly used terms:
American Option – An option that may be exercised at any time prior to its expiration date.
Ask – The price at which a currency pair may be purchased. Also called the offer, ask [...]

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Trading Mindset of Successful Trader 3

This is the final part of a three part lesson on gaining the mindset and thinking patterns of a successful forex trader. Previous sections detailed the importance of avoiding self sabotage and some characteristics of successful traders. This section deals with the actual changing of your way of thinking.
Changing Your Thinking
Now you know [...]

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Trading Mindset of Successful Trader 2

This is the second section on developing the mindset of a successful forex trader.
Taking Responsibility
Successful traders believe that they are the only ones who can influence their trading outcomes. In contrast, the unsuccessful trader believes in luck, or blames the broker or the market when things go wrong.
The successful trader does not base his or [...]

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