Easy-Forex™

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)

How a Forex system operates in real time
Online foreign exchange trading occurs in real time. Exchange rates are
constantly changing, in intervals of seconds. Quotes are accurate for the time
they are displayed only. At any moment, a different rate may be quoted.
When a trader locks in a rate and executes a transaction, that transaction is
immediately processed; the trade has been executed.
Up-to-date exchange rates
As rates change so rapidly, any Forex software must display the most up-to-
date rates. To accomplish this, the Forex software is continuously
communicating with a remote server that provides the most current exchange
rates. The rates quoted, unlike traditional bank exchange rates, are actual
tradable rates. A trader may choose to “lock in” to a rate (called the
“freeze
rate”
) only as long as it is displayed.
Trading online on Forex platforms
The internet revolution caused a major change in the way Forex trading is
conducted throughout the world.
Until the advent of the internet-Forex age at the end of the 1990’s, Forex
trading was conducted via phone orders (or fax, or in-person), posted to
brokers or banks. Most of the trading could be executed only during business
hours. The same was true for most activities related to Forex, such as making
the deposits necessary for trading, not to mention profit taking. The internet
has radically altered the Forex market, enabling around the clock trading and
conveniences such as the use of credit cards for fund deposits.
Forex on the internet: basic steps
In general, the individual Forex trader is required to fulfill two steps prior to
trading:
• Register at the trading platform
• Deposit funds to facilitate trading

Requirements vary with each trading platform, but these steps bear further
discussion:
Registering
Registration is done online by the individual trader. There are various forms
used in the industry. Some are quite simple, where others are longer and
more time-consuming. In part, this can be attributed to governmental or
other authorities’ requirements, though some Forex platforms require more
information than is actually needed. Some even require a face-to-face
meeting, or to obtain hard copies of required documents such as a passport,
or driver’s license.
The key requirements for registration are the trader’s full name, telephone,
e-mail address, residence, and sometimes also the trader’s yearly income or
capital (equity) and an ID number (passport / driver’s license / SSN / etc.).
Typically, the Forex platform is not required to run a thorough check, but rely
on the registrant to be truthful. Nevertheless, each Forex platform conducts
certain routines, in order to check and verify the authenticity of the details
provided.
Registrants are required to declare that funds used for trading are not in
question, and are not the result of any criminal act or money laundering
activity. This is mandatory as part of a global anti-money laundering effort.
It is advised that the reader becomes familiar with Anti-Money Laundering
regulations, and the procedures associated with the prevention of this
criminal activity.
Depositing funds
New registrants must deposit funds to facilitate trading. However, the
majority of the Forex platforms today require that, in addition to funds used
for actual trading, an additional amount be deposited. Often called
“maintenance margin” or “activity collateral”, its purpose is for the platform
to have an additional guarantee. Some of the platforms that require an
additional deposit do pay interest on the collateral, which is “frozen” under
the trader’s name.
The
Easy-Forex™
Trading Platform does NOT require any additional guarantee,
and allows trading with 100% of the amount deposited. Easy-Forex™ is able to

provide these advantages because it assures “guaranteed rates and Stop-
Loss”. That means that there will never be any additional requirement for
funds as a result of a “gap” that causes you to surpass the Stop-Loss. See “20
issues you must consider” (Chapter 9) for more.
Trading online
The trading platform operates 24 hours a day just as the global Forex market
runs around the clock.
However, many online Forex market makers require the download and
installation of software specific to their own trading platform. Consequently,
accessibility is limited to those terminals that have the software. Since Forex
trading is borderless, and may be performed at any given time, it is obviously
advantageous to have access to trading from as many locations as possible.
The
Easy-Forex™
Trading Platform is a fully web-based system, which means
trading can be conducted from any computer connected to the internet.
Traders are only required to log-in, ensure they have available funds to trade,
or make new deposits, and commence trading.
The Trading Platform: real-time software
The main feature of any Forex trading platform is real time access to
exchange rates, to deal and order making, to deposits and withdrawals, and
to monitoring the status of positions and one’s account.
The
Easy-Forex™
Trading Platform system uses web services to continuously
fetch the most current exchange rates. The most recent data displays without
the need for a page refresh. This includes account status screens such as “My
Position”, which updates continually to reflect changes in rates and other real
time elements.
Easy-Forex™ guarantees the accuracy, security and integrity of all
transactions.
Read more here
Transaction processing and storage
As soon as a transaction is executed, the relevant data is processed securely
and sent to the data server where it is stored. A backup is created on a
different server farm, to ensure data integrity and continuity. All of this
happens in real time, with no human intervention.

Trading via brokers and dealing rooms (by phone)
Performing Forex trading via Dealing Room dealers (over the phone) requires
knowledge about the way dealing rooms work, and the terminologies used in
the course of trading.
At start, the client should specify whether he/she is interested in obtaining a
QUOTE (in order to make a deal) or just an INDICATION. In the case of an
indication, the price given does not bind the dealer, but rather provides
information about market conditions.
When asking for QUOTE, the trader must specify the currency pair and the
deal amount (volume). For example: “Need a quote for EUR/USD in
EUR100,000”.
It is wise to withhold from the dealer the intended direction of the deal,
specifying the pair only. Accordingly, the dealer then provides a quote
comprising two prices, buy and sell (“both sides quote”). The quote binds the
dealer for the very second it is given. If the trader does not immediately ask
for execution, then the price is no longer in force. The dealer would then tell
the customer “risk”, or “change”, meaning – the price quoted is no longer in
force. In such case, the trader should ask for a new price.
On the other hand, in order to make a deal, the trader must proclaim “buy”
or “sell”, together with the currency (or the price).
An example:
• The trader asks for a quote for EUR/USD.
• The dealer says “1.2010/15”.
• If the trader wants to buy EUR, he/she says “buy" (or "buy EURO”, or
“15”.
• If the trader wants to sell EUR, he/she says “sell" (or "sell EURO”, or
“10”.
The moment the trader says “buy” (or “sell”) he/she is bound to the deal,
regardless of the market situation.
Banks are closed at nights, weekends and holidays. Trade, deposit and
withdraw at
, 24x7