Forex Education - Free Online Trading University

The largest financial trading market in the world. Open 24 hours a day, seven days a week. Two trillion dollars on the line every day. And it’s all trade accessible from your personal computer. Foreign exchange trading, often referred to as Forex trading, is potentially the key to monetary success in an open market. By trading foreign currency on an inter-bank, inter-dealer market, traders simply make money buying and selling any number of worldwide monies. But Forex training is essential to successful Forex trading. It’s a simple equation with enormous implications toward success or failure in the market. A fast-paced industry with sudden, unexpected changes happening every day, multiple times a day, this market is forever moving. With no centralized market location, forex markets are traded mostly over computer terminals around the world. A literal 24/7 market, trading begins in Sydney and opens around the globe as the day rolls on. First in Tokyo, then London and onto New York. Trul...

One rule of thumb that every aspiring entrepreneur should remember is that to make huge profits, you should know how to do it by yourself—and not rely on other’s efforts. Being independent from other people will help you determine what things are best for your business. Such rule applies on all types of investments, including foreign currency trading, or mostly known as Forex trading. It cannot be denied that Forex is the largest existing market around the world, which is estimated to have an excess of 2 trillion U. S. dollars worth of foreign currencies are traded each day. It is larger than the magnitude of the New York Stock Exchange, which is approximately 50 billion U. S. dollars. Thus, Forex market exceeds all combined equity markets around the world. With such huge wealth circulating around the Forex market, one of your financial goals is to grab a major slice of that $2 trillion average daily turnover in the market. How you will be able to get a substantial portion of that aver...

Foreign Exchange Market is a market where traders buy and sell currencies with the hope of making a profit when the values of the currencies change in their favor. People are making vast amounts of money from Forex trading. The Forex Market has a big potential for everyone, ranging from large corporate firms to ordinary, everyday people like you and me. It is a very exciting trade with a huge money-making potential. Just imagine yourself sitting comfortably in your pajamas at your computer… you turn on the internet and make a few quick transactions and by the time that you get up to get a cup of coffee, you are several hundred dollars rich! Would you like that? I would!! I can hear you say, “Wait a minute!! This sounds just like another one of those confusing markets like stocks, options or traditional futures, so what makes this market any different?” Aaah! Good question! So, in answer to your question, here are 10 good (if not great) reasons to enter the Forex Trade: 1. First and for...

When the market explodes out of a channel, either rising above resistance or dropping below support, use the momentum technique with the MACD. This is generally a position trade, lasting several days or even a month. While you’ll pay a small overnight renewal fee (with most brokers) to keep the trade active, these trades generally bring in enough pips to make holding the position well worth your while. Moving Average Convergence/Divergence (MACD) is a popular indicator that works well in momentum markets. MACD (pronounced mac-d) plots three different exponential moving averages, and displays them as two lines of different colors that criss-cross atop the chart itself or within the window below it. One line is the MACD itself; the other is called the signal or trigger line. The MACD also plots a histogram, which is a sort of bar chart in the window below the currency pair’s price chart. On the MACD histogram, there is a line that signals the zero point, called the centerline, and the ba...

Finding a great Forex broker can make the difference between a hard slog on your own with little reward and a smooth trading experience with hansom profits. Just as you have investment brokers to manage your portfolio, you may find it advantageous to sign on with a Forex broker. If you have decided to go that route, then there are a few basic considerations that you may want to keep in mind as you search for just the right currency broker to help you do well in the market. One of the first things you will want to look for in any broker you hire to help you with currency exchange would be accessibility. There is no value whatsoever in having a broker that is too busy to return your calls or respond to email queries. The whole point of having the broker is so you have an expert who is able to interact with you on what currency to buy and to sell, and when. A broker that considers their time too valuable to spend with you is not a broker that you need to do business with. An attribute tha...

Forex trading has one goal: to make money. Unfortunately, like any speculative venture, there is a potential for loosing money. The same holds true with the stock market the commodities market, and the money market. Any investment that entices of great gain poses a certain level of risk. As a forex trader you want to minimize your chance of risk. Observe the following Best Practices: • Stay informed. Peruse the current events magazines and political journals. Know how the global political and social landscapes. Have been shifting. • Brush up on economics. A college refresher course can keep you out of the red. Journals by economists like John Maynard Keyes, Kenneth Galbraith and Walter Williams can help you guesstimate potential forex uptrends. • Read periodicals like the Asian Wall Street Journal and Business Investors Daily. • Fire up a practice demo account and get a feel of the game before jumping into the market. • Befriend a broker you trust. • Cultivate friendships with other tr...

Forex stands for the Foreign Exchange market, or Forex (FX). The foreign exchange market (FOREX) is the largest financial market in the world, with a volume of over $1.5 trillion daily in the US alone; more than three times the total amount of the US Equity and Treasury markets combined. Traditionally, investors only way to gain access to the foreign exchange market was through banks that transacted large amounts of currencies for commercial and investment uses. Now because of federal rule changes, Forex trading is no longer a monopoly of the banks and investment houses, that means you too can enter and profit from the largest financial market in existence. Forex trading is an alternative to the unpredictable fluctuations and ups and downs of the other markets. Trading is about making money and the opportunities in this market are boundless, they far exceed the slim pickings in the other markets. Today, foreign exchange market brokers are able to offer small traders like you and me the...

The reason that you entered Forex currency trading is to make very good money, right? First thing you must do is to have a clear and written Forex currency trading system, preferably a proven one. It is best if the decision points are defined in purely technical manner by your system, as any judgment calls (discretion) allow for errors that cost money through losses. A Forex currency trading system is a fully developed process that is repeated over and over again. In trading, your goal is make consistent profits, so the more consistent you do what you do, the more consistent your results. Consistency is on of the greatest benefits of having a Forex currency trading system, but you must take it one step further to really get the most out of it. Many traders over the years that have developed and published very profitable Forex currency trading systems. Hundreds of traders have taken those same systems and not even come close to the creator’s success. There are specific reasons for this ...

This is a fascination. Here is a wide open field that almost anyone can take advantage of. It use to be only for the mega rich people, the big corporations and banks. They are trading foreign currency's.. Can you imagine this is a 1.2 trillion dollar a day being traded. Thats 1.2 TRILLION a day. Now with the Internet you you too can trade the foreign currency's. You can set up a account with as little as $300.00 up to whatever. Regular accounts usually start with $3000.00. You are able to leverage you funds 100 to 1. SO you will be controlling 10,000.00 or one lot in currency's for $1,000.00 and for every pip on movement you can make $100.00. With the mini account you will control 1 tenth of a lot. $1000.00 for $100.00 and your pip is worth $1.00. Just so you will understand a pip is what an increment movement in a currency is. You buy it if you think it will go up and sell it if you think it will go lower. Of course there are charts and all kinds of ways to tell what is go...