Understanding the nuances of the Forex market requires experience and
training, but is critical to success. In fact, ongoing learning is as important to
the veteran trader as it is to the beginner. The foreign currency market is
massive, and the key to success is knowledge. Through training, observation
and practice, you can learn how to identify and understand where the Forex
market is going, and what controls that direction.
To invest in the right currencies at the right time in a large, nonstop and
global trading arena, there is much to learn. Forex markets move quickly and
can take new directions from moment to moment. Forex training helps you
assess when to enter a currency based on the direction it is taking, and how
to forecast its direction for the near future.
Training with
Easy-Forex™
Easy-Forex™ offers one of the most effective forms of training through hands-
on experience. For as little as USD 25 at risk per trade, you can start trading
while learning in real-time. Easy-Forex™ strongly recommends starting with
very small volumes, and depositing an amount to cover a series of trades.
Learn the basics of the foreign exchange market, trading terminology,
advanced technical analysis, and how to develop successful trading strategies.
Discover how the Forex market offers more opportunities for quick financial
gains than almost any other market.
To learn more about the trading advantages of Easy-Forex™, join
Easy-Forex™
(registration is quick and free, no obligation)
The many available resources and tools to train yourself
There are many free tools and resources available in the market, particularly
online. Among these, you will find:
Charts
There are many kinds of charts (see Chapter 6, Technical Analysis). Start with
simple charts. Try to identify trends and major changes, and try to relate
them to technical patterns as well as to macro events (news, either financial
or political). Make an effort to determine the general magnitude of each
change on the chart (meaning: what is the $ value of the change, if you were
trading at that point).
Guided tours
Most platforms provide guided tours, demos or tutorials, either online or via
download.
News / breaking news
Keep abreast of world news. Read all the headlines, particularly those directly
related to Forex. Check the impact of such news, if any, on the charts.
Forex outlooks
Read daily/weekly outlooks posted on Forex or general financial sites. Many
include alerts to upcoming reports and events such as market indicators and
interest rate decisions.
To read today’s professional outlook and view detailed charts, join Easy-
Forex™ (registration is quick and free, no obligation):
www.Easy-Forex.com
Forecasts
Read forecasts, some of which are available free of charge. Bear in mind that
forecasts and predictions are made by people, none of whom can guarantee
the occurrence of future events…
Indices
Follow the indices of the leading markets (e.g. Dow-Jones, NASDAQ; Nikkei;
etc.). Compare them to the changes in the Forex market, as well as to
changes in particular currency pairs.
Economic indicators
Pay attention to the release of economic indicators (for example – the
monthly unemployment rate in the USA), and try to identify their impact on
the market in general, and on specific currency pairs in particular.
Glossary
Don’t hesitate to browse Forex glossaries, which are offered free on many
platforms. A given word may have different meaning as it relates to Forex and
to the terminology used by the Forex market participants.
Seminars and courses
Try to attend professional Forex seminars. Some seminars are offered free,
often as part of a client recruitment process by a given platform; many are,
nevertheless, worth attending. Educational courses are offered online and by
many post-secondary institutions.
Forex books
Read, or even just browse. Many books are offered free, or as part of a
service package to the trader. For many, historical background and technical
analysis are topics better covered in books than in an educational setting.
Internet forums / blogs
Visit and participate in Forex forums. This gives you an opportunity to learn
from the experience of others. Of course, remember that some forum
participants may be biased, promoting a given Forex platform or their own
agenda.
No commissions? How about profit withdrawal fees?
(No hidden costs at Easy-Forex™. Join and trade without banking costs or other
indirect costs. Read more:
)
www.Easy-Forex.com/ - Spreads and Commissions
So much to consider…
To succeed as a Forex trader, you must take into consideration a wide variety
of factors such as:
• spread (“pips”);
• commissions and fees;
• ease of access to the trading platform;
• minimum amounts needed for trading;
• additional amounts needed (if any);
• control over activity and positions;
• the platform software requirements;
• ease of deposits and withdrawals;
• personal service and support provided by the platform;
• the platform’s business partners;
• the platform’s management, offices and outreach;
• the products offered onboard the platform; and many others.
Online training, no downloads
Easy-Forex™
is dedicated to educating its customers. Customers can access
FREE
one-on-one
online training. The training goal is to teach people specific
strategies for trading currencies over the internet. Both novice investors and
expert day traders have benefited from the training provided by
Easy-Forex™
.
The “demo” account idea
Many Forex platforms offer new registrants a “demo” account. A typical
example would provide 10,000 “demo” dollars that can be “traded” as a
means of learning how to succeed in Forex.
Easy-Forex™
does not offer “demo” accounts. Coming to understand that
reason must rule over emotion is the most important lesson a trader can
learn, and it cannot be done with play money. If there is no consequence to
indulging in emotional responses to the market, there is no learning, so
“demo” accounts tend to have little educational value. Rather, Easy-Forex™
allows you to start trading with just $50, including full access to one-on-one
training. New registrants are thus able to garner both an educational and
experiential benefit unavailable through simulated situations.
To get personal assistance and free training,
Join Easy-Forex™
(registration is quick and free, no obligation)
training, but is critical to success. In fact, ongoing learning is as important to
the veteran trader as it is to the beginner. The foreign currency market is
massive, and the key to success is knowledge. Through training, observation
and practice, you can learn how to identify and understand where the Forex
market is going, and what controls that direction.
To invest in the right currencies at the right time in a large, nonstop and
global trading arena, there is much to learn. Forex markets move quickly and
can take new directions from moment to moment. Forex training helps you
assess when to enter a currency based on the direction it is taking, and how
to forecast its direction for the near future.
Training with
Easy-Forex™
Easy-Forex™ offers one of the most effective forms of training through hands-
on experience. For as little as USD 25 at risk per trade, you can start trading
while learning in real-time. Easy-Forex™ strongly recommends starting with
very small volumes, and depositing an amount to cover a series of trades.
Learn the basics of the foreign exchange market, trading terminology,
advanced technical analysis, and how to develop successful trading strategies.
Discover how the Forex market offers more opportunities for quick financial
gains than almost any other market.
To learn more about the trading advantages of Easy-Forex™, join
Easy-Forex™
(registration is quick and free, no obligation)
The many available resources and tools to train yourself
There are many free tools and resources available in the market, particularly
online. Among these, you will find:
Charts
There are many kinds of charts (see Chapter 6, Technical Analysis). Start with
simple charts. Try to identify trends and major changes, and try to relate
them to technical patterns as well as to macro events (news, either financial
or political). Make an effort to determine the general magnitude of each
change on the chart (meaning: what is the $ value of the change, if you were
trading at that point).
Guided tours
Most platforms provide guided tours, demos or tutorials, either online or via
download.
News / breaking news
Keep abreast of world news. Read all the headlines, particularly those directly
related to Forex. Check the impact of such news, if any, on the charts.
Forex outlooks
Read daily/weekly outlooks posted on Forex or general financial sites. Many
include alerts to upcoming reports and events such as market indicators and
interest rate decisions.
To read today’s professional outlook and view detailed charts, join Easy-
Forex™ (registration is quick and free, no obligation):
www.Easy-Forex.com
Forecasts
Read forecasts, some of which are available free of charge. Bear in mind that
forecasts and predictions are made by people, none of whom can guarantee
the occurrence of future events…
Indices
Follow the indices of the leading markets (e.g. Dow-Jones, NASDAQ; Nikkei;
etc.). Compare them to the changes in the Forex market, as well as to
changes in particular currency pairs.
Economic indicators
Pay attention to the release of economic indicators (for example – the
monthly unemployment rate in the USA), and try to identify their impact on
the market in general, and on specific currency pairs in particular.
Glossary
Don’t hesitate to browse Forex glossaries, which are offered free on many
platforms. A given word may have different meaning as it relates to Forex and
to the terminology used by the Forex market participants.
Seminars and courses
Try to attend professional Forex seminars. Some seminars are offered free,
often as part of a client recruitment process by a given platform; many are,
nevertheless, worth attending. Educational courses are offered online and by
many post-secondary institutions.
Forex books
Read, or even just browse. Many books are offered free, or as part of a
service package to the trader. For many, historical background and technical
analysis are topics better covered in books than in an educational setting.
Internet forums / blogs
Visit and participate in Forex forums. This gives you an opportunity to learn
from the experience of others. Of course, remember that some forum
participants may be biased, promoting a given Forex platform or their own
agenda.
No commissions? How about profit withdrawal fees?
(No hidden costs at Easy-Forex™. Join and trade without banking costs or other
indirect costs. Read more:
)
www.Easy-Forex.com/ - Spreads and Commissions
So much to consider…
To succeed as a Forex trader, you must take into consideration a wide variety
of factors such as:
• spread (“pips”);
• commissions and fees;
• ease of access to the trading platform;
• minimum amounts needed for trading;
• additional amounts needed (if any);
• control over activity and positions;
• the platform software requirements;
• ease of deposits and withdrawals;
• personal service and support provided by the platform;
• the platform’s business partners;
• the platform’s management, offices and outreach;
• the products offered onboard the platform; and many others.
Online training, no downloads
Easy-Forex™
is dedicated to educating its customers. Customers can access
FREE
one-on-one
online training. The training goal is to teach people specific
strategies for trading currencies over the internet. Both novice investors and
expert day traders have benefited from the training provided by
Easy-Forex™
.
The “demo” account idea
Many Forex platforms offer new registrants a “demo” account. A typical
example would provide 10,000 “demo” dollars that can be “traded” as a
means of learning how to succeed in Forex.
Easy-Forex™
does not offer “demo” accounts. Coming to understand that
reason must rule over emotion is the most important lesson a trader can
learn, and it cannot be done with play money. If there is no consequence to
indulging in emotional responses to the market, there is no learning, so
“demo” accounts tend to have little educational value. Rather, Easy-Forex™
allows you to start trading with just $50, including full access to one-on-one
training. New registrants are thus able to garner both an educational and
experiential benefit unavailable through simulated situations.
To get personal assistance and free training,
Join Easy-Forex™
(registration is quick and free, no obligation)
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