Forex for Dummies.

[Egwig]

Forex.com have issued a nice little Dummies booklet for learning the basic ins and outs of Fx.
You can find it here.

https://secure.efxnow.com/forex2/eng/ct-dummies.pdf

Egwig:p

[darrell]

not to many dimmies n 4/x:)

[ollynick]

Can you confirm whether EURJPY and GBPJPY will continue on bullish trend till next week?

Originally Posted by darrell

not to many dimmies n 4/x:)

[jason]

The forex newbies should keep things very simple. There are a lot of very complex forex strategies and systems out there. The assumption is that the more complicated a system is, the better because a fewer amount of people use it. That is not necessarily true. If you use a strategy that many people use, then you are following the crowd, and you can make that work for you.

Once you have found a forex strategy or system that you clearly understand how it works and that is ultra simple, then you should test and practice using it. By testing I don't mean see if it is a viable strategy. If it is a basic technical analysis trading technique like support and resistance or trading based on a moving averages, these are widely accepted strategies that many traders successfully use.

[adria]

Originally Posted by ollynick

Can you confirm whether EURJPY and GBPJPY will continue on bullish trend till next week?

The Dollar gained versus the Yen and moved upwards from the 85 low to the 86 zones according to the main trend of dollar\'s strength across the board and in expectation for the Interest Rate Decision in Japan. Holding above the support level of 85.30 turns the momentum to positive for the pair. Overall, USD/JPY traded with a low of 85.24 and with a high of 86.04. Today, the Interest Rate Decision is expected unchanged at 0.1%.

[shirley]

Originally Posted by Egwig

Forex.com have issued a nice little Dummies booklet for learning the basic ins and outs of Fx.
Egwig:p

It really looks like a nice site to me. And I strongly feel that it will be of great help to forex newbies. It also has vast details that could be of help to many of us.

[goldie123]

Choose a good Forex trading system and keep it simple: Even the best Forex trader works with a reputable and reliable trading system that is able to provide almost instant and accurate currency price information and facilitate the trading process. To meet this end, it is advisable to invest in one of the many Forex trading systems available on the market. All successful Forex traders use some type of resource to help them pick out profitable trades. In addition to this, experts in the industry have illustrated that things ought to be kept simple by limiting the number of indicators used. In the beginning, you should keep things simple by focusing on (and trading) just 2-3 different currencies. Once you are able to use the Forex trading software to master having consistent trades with these couple of currencies, then you can expand out to other foreign currencies.

[metalsguru]

Originally Posted by shirley

It really looks like a nice site to me. And I strongly feel that it will be of great help to forex newbies. It also has vast details that could be of help to many of us.

oh yes. forex.com is really a good site. it was built for a long time, and they provide many good forex trading information also.

[goldie123]

Forex is a term that refers to foreign exchange, which is the market of trading one country’s currency for another. When you’re in another country, trading your country’s currency for the currency of the country you are visiting is what the forex market is all about. In order to trade your U.S. dollars for another, for example, the Japanese yen, the foreign exchange rate between the two countries must be established.

[henryduncan12]

Yes this was nice link and would be specially useful for forex traders which newbies. When I was at initial stage I also took help of demo sites and it was very helpful for me.

[FXInnovation]

Originally Posted by metalsguru

oh yes. forex.com is really a good site. it was built for a long time, and they provide many good forex trading information also.

certainly i agree to that, good site.....

[Gracyfx]

You can learn a lot about how to trade at signalfactory.com

[Gracyfx]

Nice tool indeed, thanks.;)

[flogger]

Does anyone have a first hand experience from them? I would ike to know if they are worth trying for this year.

[leebelisar]

The use of Forex dummies is very useful esp to newbie traders like me. This allows you to try the system of the broker as well as to learn more about Forex trading. I've been using a demo account for more than two weeks now. And so far, I am enjoying it and my knowledge about trading has been boost up. You might want to give it a try to. You can find it here. But surely, almost all brokers offer Forex dummies absolutely at no cost.

[rrayne20009]

Most,if not all traders,have passed through a stage using a demo.It is the best way to test a broker's platform and test your skills in trading.Most brokers offer free demo accounts and they also allow you to open multiple of it like Gdmfx.

[leebelisar]

Originally Posted by rrayne20009

Most,if not all traders,have passed through a stage using a demo.It is the best way to test a broker's platform and test your skills in trading.Most brokers offer free demo accounts and they also allow you to open multiple of it like Gdmfx.

That is for sure. Almost all traders tried using a demo account at one point of their trading career. Its free anyway.

[Gerski]

Originally Posted by rrayne20009

Most,if not all traders,have passed through a stage using a demo.It is the best way to test a broker's platform and test your skills in trading.Most brokers offer free demo accounts and they also allow you to open multiple of it like Gdmfx.

Right i actually find them through theirHermes Academy and they really offers more than one demo account for their client.Which is really great help.

[SwedenBock]

I like Babypips trading school and Investopedia as good resourses for newbies.

[simsa]

I second that, have been learned a lot from babypips but there are many other good blogs out there where you can learn trading.