Forex Education - Free Online Trading University

It’s very easy for new forex trading investors to get taken in by some sort of forex scam or another. This can include just about any idea under the sun that scammers can come up with. Usually the realm of forex scams can include, software and e-books that ‘guarantee’ a profit in the forex market, an unscrupulous market maker that spikes costumer accounts so they can get their fees, general false advertising, and even those with fake sites that just take your money and disappear. The nature of the currency market tends to leave new investors vulnerable to such scams, simply because it fluctuates a lot and little is known about the market by the general population. It’s up to investors to educate themselves on forex trading, just as they would before making any other investment if they expect to do well. This includes being aware of common scams. In 2001 the US Commodity Futures Trading Commission (CFTC) released nine tips investors in the forex market should keep in mind when looking f...

It is very, very simple: the Forex market can help make all your dreams come true or it can become a total nightmare and bleed you dry. As with anything in life, it helps to have a strategy in place to help guide present and future decisions. For Forex investors, there are a lot of options from which to choose, including: • Scalping • Swing • Position • Discretionary • Automated All of the investment strategies listed above have been proven effective in various ways and no doubt have a track record to back up their effectiveness. Still, Forex investing and the specific strategy used will boil down to the investor and their particular style: Hunter or Gatherer. A hunter is very careful about every investment they make and do not like surprises. This style of Forex investing tends to favor technical analysis. Technical Forex traders sift through pricing charts and back test currency pairs to determine the pair with the greatest pip movement and the least volatility. A hunter does not nec...

People go to work everyday to earn money in order to finance all their expenses. Some even stay in the office for extra hours to do overtime, just so they could earn extra money. If you're one of the many people still looking for ways to earn, forex trading is a very good place to start your search. Forex trading is no longer concentrated in the actual FX market. You can actually do it globally. You might wonder how, well it is quite simple. You are most probably aware that the Internet is widely used nowadays; and many businesses are finding it very useful in almost all areas of their work. And now, you can even trade currencies through the net. New traders can find the net as a helpful tool in doing their trades online. There are many different forex trading programs available in different websites. All you have to do is to choose one website that would suit your trading needs. Many forex traders believe that the FX market is the best place to earn money. If you know how the mark...

The Forex market is often more appealing to people that like to live on the edge. There is more uncertainty by far and the rewards of knowing when to buy and sell can be immense. For those of you who don’t know, the Forex stands for, Foreign Exchange Market. The Forex deals in all different types of currencies and pits them all against each other. For example: the English pound might be worth more than the American dollar but if there is a natural disaster or a nasty political event, then the pound could drop below the value of the American dollar and thus would make money for the individual who had bought the English pound, when they sell. The people who trade on the Forex market are known as day traders. The reason for this is that the day trader buys at the beginning of the market for that day and then sells off all that he or she had bought by the end of the day. This type of trading is not for the inexperienced. There is potential to make a lot of money on the Forex market, but it...

Forex market or Foreign Currency Exchange market is one of the biggest trading market in the world with over USD 1.3 Trillion traded in a day. It is drawing attention ever since it is open to Online trading. Forex trading can be very profitable if you take your time to do a proper research, understanding various options and choose a system that works for you. The most used Forex trading system may not be the most suitable for your needs. There are many different kinds of Forex Trading Systems and you need to know a few facts as mentioned below, before choosing and funding a system. 1. Testimonials: Is there anyone out there who is trying to sell a system and show you testimonials from the people who actually didn't like the system? Highly unlikely. You should do proper research before indulging into a system that is completely new to you. 2. Impression: Do not be over impressed from high percentage of winning forex trades because a 90-95% winning trades with with average value $10 ...

In Forex Trading, there are two main approaches – Fundamental Analysis and Technical Analysis. Fundamental analysts will concentrate on the underlying causes of price movements, whereas as technical chartist studies the actual price movement. Fundamental analyst focus on various macroeconomic indicators - Interest Rate, Trade Balances, Growth Rates, and Unemployment rates, Gross Domestic Product (GDP), Inflation and etc. For beginners, do take note that there is no single set of rule to trade Forex using fundamental analysis. There are many theories on how a currency should be valued. Technical analyst used historical price data to forecast the direction of future price movement. Technical analysis work on the premise that all current market information is already reflected in the price and that studying price action alone is more than necessary to trade the market. Some popular methods of technical analysis include, Chart Pattern, Japanese Candlestick Pattern, Trend line, Support and ...

Our modern futures market originated in the 19th century when farmers began selling contracts to deliver agricultural products at a later time. They did this to attempt to anticipate market needs and to smooth the supply and demand during the off-season. The futures market has changed dramatically since then, in current times the futures market is no longer restricted to agricultural products. This worldwide commodities market now includes such things as manufactured goods and financial products as well as agricultural products. A futures contract is a guarantee that a certain product will be sold at a fixed price on a certain date. When speculators play the futures market there is no expectation of the products being delivered and the actual goods are not even important. It is actually just the contracts themselves that are traded and the value of these contracts is in constant fluctuation. In every futures contract there are two positions a long position and a short position. The sho...

As the popularity of Forex increases so do the number of scam artists attempting to cash in on the Forex gravy train. Since Forex involves trading money internationally, often over the Internet, a whole new breed of scams have come about. Ironically many of these scam artists are finding their marks through newspaper, television or other print media advertisements. While these scams are generally easily spotted by experienced traders, new speculators may have problems knowing the difference between what is real and what isn’t. It is absolutely essential to thoroughly research Forex trading, and any potential companies you may trade with before making an initial investment. The last thing you need is to find out that the company you have invested with is under investigation by the SEC for fraud. In this type of circumstance it can often be impossible to retrieve your money as the claims from all fraud of participants will be higher than the total payouts the government can guarantee. On...

The forex market, also known as the foreign currency exchange market, has been around for quite some time. The reason it has become only recently popular is because once upon a time only the financial elite had enough assets and access to the foreign currency exchange market. Only major corporations, banks and opulent individuals who possessed great wealth were allowed entrance into these chambers of currency commerce. Alas, the world has evolved and a new entity has come into existence and altered the human way of life. Technology. The greatest invention being the Internet. Now time and space have practically lapsed and we have the ability to contact anyone, anywhere, at anytime. This makes the world quite different from what it used to be. Today any individual can open up an online forex account and begin trading. He needs no qualifications, no justifications, just a suffice bank account. One can open up an online forex trading account for as little as $5000. That’s incredible. Where...

When we make money from the Forex we are looking for economic data which will influence the price of currencies. But when we are looking for good companies to invest in on the stock market we have been told to "Buy the blue chips." "Blue chips" are the big, reliable companies, and obviously these are listed for the most part on the New York Stock Exchange. The Dow Jones Average is composed of blue chips, and since there are only 30 listed, at the same time that the average has been going up, it might seem a simple matter to toss a coin to see which ones should be bought out of this list of 30. But let us get down to specific cases: Standard Oil Company of New Jersey is one of the largest, best managed and generally soundest corporations in the United States. Its earnings per share in 1958 were $2.72, in 1959 $2.91 and in 1960 $3.18. From 1957 through 1960 its dividends have been $2.25 per share each year. From the middle of 1957 to the end of 1960 the price trend of...

Back when I first started learning about investing, I decided to start from the beginning and read basic books on personal finance as well as “guides” for understanding all of the investment world in a nut shell. Most of these authors were very knowledgeable and informative, but their investment advice was far too conservative for my taste. They would literally write chapter after chapter talking about the differences between conservative investing, which according to them generally yields somewhere around 5% PA, as opposed to “risky” investing which usually meant a diversified stock/mutual fund portfolio yielding (in my mind) only slightly higher averages. What kind of returns can you expect in the stock market? Well they say the market has gone up an average of 10% a year since Adam and Eve. Popular indexes like the DOW and the now more popular S&P500 have always, like real estate, “gone up over time.” Now, these market averages are almost worshiped like golden calves. Repeatedly...

If you traded in the Forex market before or if you’re still trading now, you may have heard the term Forex broker a lot of times. However, as an individual trader, you may want to know what is a Forex broker and what they do. Forex brokers are individuals or companies that assist individual traders and companies when they are trading in the Forex market. These individuals can really give you that extra edge you need in order to be successful in the Forex market. Although they will be trading your funded account, all the decisions are still yours to make if you want to. Forex brokers are there to assist you with your trading needs in exchange for a small commission from what you earn. Here are some of the services that a Forex broker can give you: •A Forex broker can give you advice regarding on real time quotes. •A Forex broker can also give you advice on what to buy or sell by basing it on news feeds. •A Forex broker can trade your funded account basing solely on his or her decision i...

In the world’s largest financial market where exchanges reach up to trillions of dollars each day, many people would really want to participate in this market. Aside from being the largest financial market in the world, Forex is also the most liquid market in the world where trades are done 24 hours a day. A lot of traders have become very rich trading in the Forex market. And, many people who trade in the Forex market everyday have found a great way to replace their day jobs. Some even became millionaires almost overnight by just trading in this financial market. Trading in the Forex market can be very attractive. However, you should also know that there have been people who suffered extreme financial losses in the Forex market. It is true that the Forex market offers a very good money-making opportunity to a lot of people, but it also has its risks. It is a fact that people who didn’t have the right knowledge and skills trading in the Forex market suffered huge financial losses and s...

Before there was forex, there was Hawala, an informal currency exchange that has been in existence since the days of the Silk Road when traders and financiers have been using this system to barter and trade with other merchants from other countries. During that time the world’s main economic trade was along this legendary route. This system evolved into what is known as Hawala, which means "transfer" or "wire" in Arabic banking jargon. This type of system is widely used in Middle East, Africa and Asia. It was major mechanism that expanded trading between Europe and Asia. In time the system matured into legitimate banking system in some Asian countries while in other areas they are still unregulated and until recently scrutinized as an underground for funneling of funds for terrorist activities. Today, the true Hawala transactions come from migrant workers from Asia (Indian and other Asian countries) who work in the oil-rich Middle Eastern countries such as United Em...

More and more people are beginning to hear about FOREX trading. FOREX stands for FOreign Currency EXchange Market. It was once available only to the large banks, multinational corporations, governments, and other financial markets and institutions; however it was de-regulated in 1997, and now anyone may participate. Many with experience in stocks and/or commodities trading who have then discovered FOREX, prefer it for its many advantages over stock and commodity trading. Many who have never invested before are also now successfully trading the FOREX market. The FOREX market is open 24 hours a day, except weekends, so you can participate whenever you have time. Trading is now done online and transactions are almost instantaneous. The FOREX market offers 100:1 leverage, so you can control large amounts of money on the market while using much less of your own money. You can start with a mini-account for as little as $300, and with a strategy, steadily build your account and confidence, un...

Have you been looking for a way to make substantial income online? If you have, then you might have heard about forex trading. Most people do not have the slightest clue as to what forex trading is, or how it works. Understanding these concepts is a giant step toward successful marketing online trading. First of all, let us learn what forex trading is. Forex is a foreign exchange market place, where currencies from different countries are valued and exchanged. A lot of people have exchanged money when travelling from one country to another, and that is pretty much the extent of their knowledge in currency trading. Different currencies have different values. The forex market is a place to set those values. The word "market" usually makes one think of the New York Exchange, but the forex market functions by banks trading with each other, with no central market place. When starting out in the forex market, one needs to exercise common sense and good judgement. While it is possib...

Simply put, the Forex is the foreign exchange market. It’s where travelers, banks, and companies that do business internationally change money, in effect buying one currency and selling another. Profits are made from the difference in value between the two currencies (the exchange rate). Because currencies are no longer tied to the gold standard, exchange rates are constantly fluctuating. Speculators trade currencies with the expectation that one will gain in strength against the other. These trades are leveraged, with a small downpayment controlling a much larger sum, so even small changes in value can create large profits or losses. The Forex is the mother of all markets, with trading of more than U. S. $1.5 trillion daily. That’s more than one hundred times the size of the New York Stock Exchange. Because the market is so large, it’s extremely liquid; there’s always an immediate buyer or seller for any of the major currency pairs. Most of this trading is done for profit; only five p...

If you are considering currency trading in the Forex market, or you are already involved in Forex currency trading, here's a money-making lesson that we can borrow from investors who use technical analysis to help them make investment decisions in the stock market. The goal of performing technical analysis when currency trading is to predict profitable currency pair movements by analyzing price trends. The principles of technical analysis in the equity markets are the same as those in the Forex currency trading markets. In fact, the only real difference between the two is that the Forex market is open 24 hours a day while the equity markets are not. This means that certain analytics that take time periods in consideration will need to be adjusted for Forex currency trading. Other than that, any of these common forms of equity technical analysis methodologies can be used when currency trading: Elliott Waves -- Developed by Ralph Nelson Elliott, this methodology is based upon the the...