Lesson 1: What is Forex Trading?

 

Forex Trading introduction
Forex Trading is short for “foreign exchange trading” which is governed by pairing the value of one country’s currency against another.

For example: If you were to go on holiday to America, then you would have to exchange your English pound Sterling into American dollars in order to buy things in the USA. If you had £100, the amount…

Lesson 2: Common Currencies

The most common currencies used in Forex trading are:

Country                            Currency                          3 letter symbol

USA                                       US Dollar  …

Lesson 4: When can you trade Forex?

The earth spins slowly and although Forex is a 24-hour exchange, there are certain times during the day when one country’s economy is more active than another’s. If it is in the middle of the night

in Australia, then there will be less activity with its currency than when it is daytime. Moreover if two country’s trading time’s overlap, then both…

Lesson 6: Pips, Pipettes, Lots and Brokers

We know that the exchange rates between two currencies constantly fluctuate up and down, depending on a large amount of factors, which govern the actions of forex traders, such as government policies, the activity of trading between two countries, a change in government, or a natural disaster. Some of these, especially the latter two do not happen every day, but…

Lesson 8: Forex Orders

It doesn’t matter how much you love trading forex, it is impossible to sit in front of a computer staring at graphs and exchange rates all day. You also have a life to lead. To make sure you don’t risk your relationship, or miss that important footie match, there are several pre-programmed “orders” which you can place on your account…

Lesson 9: Using a demo account

First and foremost- It is ESSENTIAL that you start your trading career with a practice or demo account. This is the best way of learning how to trade forex with the freedom to make mistakes and most of all learn from them, completely risk free. This is because Mr Wolf of the street, you are using virtual money and not…

Lesson 10: Some facts about Forex Trading

Some simple facts to get your head around:
All traders lose money on trades.
It’s the old footballing adage, “you can’t win em’ all” and the same applies to trading. Even the most experienced traders have periods where they lose money or have bad luck on trades. The volatility of the currency markets, some unexpected news from a far off land, or…

Step 1: Getting started in Forex Trading

You aren’t going to be the wolf of any street overnight. Making money through Forex trading requires time, patience and a little bit of luck. The true winners are the ones who know their limitations, make calculated choices, are in control of their emotions and prepared to ultimately play the long game.

 

 
Section 1 – Before you even go near a…

Step 3: Diving into Forex Trading for real

So, the day has come. After months of extended time practising, studying, accumulating knowledge and piles of virtual cash it is time to dive into the ocean for real. Will you sink, or will you swim?

When choosing a broker, leverage rate, software and account type it is best to always choose carefully and in the most conservative way possible, especially…