Forex Trading Tutorials

Trading Mindset of Successful Trader 1

This lesson teaches you how to avoid self-sabotage and attain the winning mental attitude required to become a successful FX trader. This is the first part of a three part lesson. This is a very important part of the fx education.
Traits of Successful and Unsuccessful Traders
Successful traders don’t have access to better information, trading models [...]

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Forex Price Data

More than any other type of trading activity, your success in forex trading depends upon receiving accurate and timely price data. That’s because the forex market moves so rapidly and small changes can mean big gains or losses.
There are any number of brokerage houses that provide real-time forex quotations. You can also use our free [...]

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How Market News Moves Forex

Forex is a news-driven market. Local, regional or world events can cause sudden spikes and falls to occur in seconds. Depending upon the significance of the news, and how closely it is related to a particular currency, an amazing amount of trading can occur in a very brief period of time.
Considering the potential for a [...]

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Managing Forex Trading Risk

With an average daily volume of $1.4 trillion, the forex market is larger than all the futures markets combined and managing forex trading risks is imperitive to success.
Once the closely held secret of banks and corporations, forex trading is now available to the public along with the same risks and rewards. More than any other [...]

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Learning to Trade Forex

There are two ways to learn how to trade currencies: The cheap way and the expensive way. If you’re new to forex, let me recommend that you seriously consider the former and let the latter go until you’ve got at least the basics figured out.
Obviously, the expensive way to learn how to trade the forex [...]

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Forex Trading Tips and Rules

This lesson sets out some simple currency trading tips and rules .
We have developed these rules from our own experience, and that of successful currency traders. These rules are in summary form, and are elaborated on in other later lessons.
Don’t Overtrade
Overtrading is when you trade more positions than are justified by the amount of margin [...]

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Forex Trading Basics

This lesson explains how forex markets behave, and why prices fluctuate. You need to understand this basic information in order to develop your own trading system and to profitably trade in this market.
What is currency trading?
Forex traders make money by selling a currency position for more than they have bought it for. This is similar [...]

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Forex Market Participants

To understand the forex market, you need to understand the following market participants and their motivations:

Banks
Reserve banks
Hedge funds
Individual traders
Brokers

Banks
Banks comprise a large portion of the total turnover. They use the foreign exchange market to buy and sell currencies that are needed for foreign exchange for their customers, to hedge or protect against market movements on [...]

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Forex Market Overview

This first part of this lesson gives introduction to the forex market, and the mechanics of trading. The next part of this lesson explains about the different types of market participants and their motivations. You need to know this to understand some of the factors that influence the market.
Introduction to Forex Trading
The foreign exchange (or [...]

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Why Trade Forex?

Forex Trading Advantages
One of the benefits of forex trading is that the small investor has opportunities that may not be available in other markets, or other forms of investment.
High Yield Forex Trading
FX trading is one of the few businesses where a trader can realise a large fortune starting with a small initial investment. This is [...]

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