Learn Forex Blog

Marcus L asked:


any website where i can learn about stocks and investment??

PHAY

ddsindpls asked:


I don’t want to pay thousands of dollars for another one size fits all training program. I also don’t want to spend thousands of dollars on a software program that generates red and green lights telling you what to do when.
I think that the FOREX has advantages over other markets due to its sheer size, and hours of operation.
Thank you.
Thanks for the info, but I’m not really interested in ETF’s either. I am talking strictly about the FOREX Spot Market.
There’s only so many currency pairs to analyze, there’s no commissions, and it’s the largest market in the world.

LENON

marcososa_1986 asked:


can anyone tell me any good learning resources like online, or books, or anything to help me learn about investing in stocks, bonds, forex, and stuff like that, from zero. Im a student and i need to know everything, from the most insignificant to the significant. thank you!

DEAKIN

Kelly Price asked:


If you want to learn Forex trading, then you need to consider the 7 facts enclosed or you will end up in losing 95% of traders. So here are the 10 facts that are essential part of your Forex education.

1. Forex Trading Requires Effort

It amazes me how many people think they can buy a forex trading system from a vendor and make huge amounts of money, following someone else - and only paying a few hundred dollars for the privilege!

If you fall into this category, change your view quickly or lose – life is not that simple. When there are big profits to be made, you need to take responsibly for your actions.

Success relies on you. The good news is that in terms of the effort you have to put in, the rewards are huge.

2. Forex Trading Requires Self Confidence & Discipline

The reason you can’t buy a Forex trading strategy from anyone else is, that you need to have confidence in what you are doing and this only comes from an understanding of what you are doing.

Confidence is vital, as it leads to discipline and you need discipline, to apply your currency trading system. If you don’t have the discipline to apply it, you don’t have a system.

This simple point is one most novice traders ignore – but it’s impossible to follow someone else’s system or one you don’t understand – that’s why you have to do your homework.

3. Forex Trading Doesn’t Take Long To Learn

You hear a lot of people telling you that knowledge is essential to forex trading success – its not.

You need the right knowledge and that doesn’t take long to acquire.

You also here people talking about, how you should analysis each trade after the event and why it won or lost – What’s the point of that? If you have a system you follow and it trades the odds it will lose and win, there is no point in wasting time looking at further.

Once you have a logical system you understand, you execute it and that it.

Don’t waste time learning knowledge for knowledge sake, or pouring over what might have been.

4. Forex is an Odds Game

Forex is a game of probabilities not certainties – ignore anyone who tells you that markets can be predicted by scientific theory – they can’t.

If they could we would all know the price in advance and there would be no market. Forget theories such as, Gann, Elliot wave and Fibonacci – leave them to the far out investment crowd and learn ones that can make you money.

5. You Don’t Need To Spend Much Time Trading

Your trading, should take about 30 minutes a day that’s it.

You only need to work of closing prices and forget day trading (it doesn’t work) which is great, as you don’t have to do any intra day monitoring.

Don’t spend more time than you need to on trading.

You Only Need a Simple System

Simple systems work better than complicated ones and that’s a fact.

Why?

Because - they are more robust in the face of brutal market conditions, with fewer elements to break.

6. You Will Have Periods Of Drawdown

They will last for weeks or even months and you can’t avoid them - so make sure you’re prepared for them and have the patience and discipline to ride them out

7. You Need to Know Your Trading Edge

Before you start trading ask yourself one question:

What’s my trading edge – why should I be a winner when the vast majority of traders lose?

If you don’t know the answer, you don’t have a trading edge and are 100% guaranteed to lose, so make sure you have one, understand and what it is before you trade!

There you have it some simple points to think about.

If you approach forex trading in the right way it can make you more money than almost any venture in terms of the effort involved.

Keep in mind though that it’s not as easy as most traders think and that’s why they lose. Hopefully, the above points have given you something to think about which will help you learn forex trading in the right way and to enable you to get the right forex education.



ORGILL

alouisos asked:

Learn to trade Forex with this trendline forex trading tutorial

HEISTER

King Money 1985 asked:


I Know NOTHING at all about Forex and would like to learn starting with the VERY basics is there a good book or website I can read up. Basically all I know about Forex is that it has to do with currency trading….

BUCY

Michael Williams asked:


When you begin to learn Forex it can seem a bit confusing and hard to navigate. First of all the term Forex itself stands for foreign exchange. One of the very best ways to learn foreign exchange is through full-time educational programs. Yet another way to traing on Forex, although it is more time consuming, is through Forex books. If you choose to learn Forex this way however, you will spend many hours of your time just to find any relevant information. Both of these will teach you the innermost workings of Forex though. One last way to know more on Forex is through practical methods, including working with a Forex broker or trading firm.

Whichever of these you choose from; it is still not an easy thing to learn Forex. Part of the reason for this is because Forex is the largest market on the globe and trade is happening twenty-four hours a day, all in real time. Other things that make it difficult to really master Forex is the fact that it has no centralized trading post or governing body. This makes one of its advantages, being seamless and global reach, a slight disadvantage when trying to learn about it.

A few things you need to know about when trying to learn foreign exchange include the fact that ninety-five percent of its trade is speculative in nature. Countries that have a need to use foreign currency for buying or selling do the other five percent of trade. This means that traders looking to turn a profit by trading on foreign currency do the majority of the trades.

Some other information you should know when deciding to learn Forex are which ones are the most important markets in Forex. These markets include London, New York and Tokyo. While the most used currencies in Forex are the United States dollar, the European Euro, the Japanese Yen, the Swiss Franc and the British Pound. When it comes to these currencies, they are traded in what is known as pairs.

A barrier that may hinder someone who is trying to learn foreign exchange is the real time conditions. It is hard for those starting out, because it takes time to learn how to make the split second decisions needed in a real time market. This makes someone who has taken the time to learn Forex and analyze all the details have a better chance of success of making profits than the person who relies solely on instinct.

In the end, once you choose which method to use in order to learn foreign exchange, it can take a little patience and time to truly learn it. Once you have taken the time to learn Forex however, the effort that you put into it can definitely be some of the best time you spent.



ROLLINS

maikal_0011 asked:


hey guys what’s up, i was just wondering how can you learn how to trade stocks and stuff, i already have an account at etrade.com and forex.com but still i still need some guidence and tips for it, is there anywebsite for it. thanks

BOOTHBY

Monica Hendrix asked:


If you want to enjoy forex trading success, you need to avoid the 10 common myths enclosed and follow the 10 tips - if you do you will learn forex trading the right way and could make a lot of money so here they are.

Let’s start with the 10 myths first:

- Day trading is a good way to make money

- You need to predict in advance to win

- Buy low sell high is the best way to make money

- The more knowledge I have the better knowledge is power

- The more complicated my forex trading system the better

- I don’t have money management strategy I just place a stop

- I like to trade the news stories

- I follow an expert or guru as they know best

- Human nature is constant so markets are scientific

- You never broke taking a profit

Believe any or all of the above forex myths and you will lose!

Here are your ten tips to help you get on the right path and learn forex trading the right way:

1. Trade valid data

Forget day trading and forex scalping, trade longer term and get the odds in your favour. Day trading data is too short to get the odds in your favour and you may as well flip a coin.

2. Don’t Predict

That’s another word for hoping and guessing and will ensure you lose - act on the reality of price change only.

3. Use Breakouts

Buy low sell high great theory doesn’t work in practice - it involves prediction. Use breakouts most major moves start from new market HIGHS Not market lows.

4. Work Smart not Hard

Working hard is a big myth - you get paid for being right with your trading signal and that’s it - it doesn’t matter how much effort you put in, only being right makes you money and that doesn’t mean working hard, it means working smart.

5. Simple Currency Trading Systems are Best

Because they are more robust in the face of ever changing market conditions - make your trading system to complicate and it will break.

6. Money Management

Is the key to overall success and is much more than simply placing a stop! Forex success is based upon great defence first, just like the good football teams…

7. Don’t listen to The News

It reflects the herd (who lose) and will get your emotions involved and that is a recipe for disaster. Use forex technical analysis and forex charts to trade the reality of price i.e trade the facts as they are not opinions.

8. Only You Can Give Yourself Success

By all means learn from others - but never follow blindly you will lose, as you need inner confidence to get discipline and this only comes from understanding.

9. Play the Odds

Markets are not scientific and don’t let anyone tell you they are.

It’s obvious they are not; as if they were we would all know the answer in advance and there would be no market!

Trading is a game of odds NOT certainties but if you learn to trade the odds you can make a lot of money.

10. Run Profits

Most traders can’t accept a big profit even if it’s staring them in the face.

Why? Because they try so hard to avoid risk they create it by trailing stops to quickly or snatching profits early. You need to discipline and right mindset to convert a trading signal into a huge profit.

FINALLY!

Before you embark on your trading career you need to ask yourself this question and have the answer ready:

My trading edge is (defined)

If you don’t know what your trading edge is you don’t have one! You need one you understand, have confidence in and you know will lead you to currency trading success - if you don’t have one its back to and a continuation of learning forex trading the right way until you do.



LEVERING

milan asked:


flow(I feel I have longterm covered). There are numerous stocklike investments on the internet ( forex,stocks,comodies, options, funds
and etc). Should I learn a SYSTEM or develop my OWN? Because there is SO much out there to invest in, it is confusing as to with one to learn.

KETCHEN