Understanding the nuances of the Forex market requires experience and
training, but is critical to success. In fact, ongoing learning is as important to
the veteran trader as it is to the beginner. The foreign currency market is
massive, and the key to success is knowledge. Through training, observation
and practice, you can learn how to identify and understand where the Forex
market is going, and what controls that direction.
To invest in the right currencies at the right time in a large, nonstop and
global trading arena, there is much to learn. Forex markets move quickly and
can take new directions from moment to moment. Forex training helps you
assess when to enter a currency based on the direction it is taking, and how
to forecast its direction for the near future.
Easy-ForexT offers one of the most effective forms of training through handson
experience. For as little as USD 25 at risk per trade, you can start trading
while learning in real-time. Easy-ForexT strongly recommends starting with
very small volumes, and depositing an amount to cover a series of trades.
Learn the basics of the foreign exchange market, trading terminology,
advanced technical analysis, and how to develop successful trading strategies.
Discover how the Forex market offers more opportunities for quick financial
gains than almost any other market.
To learn more about the trading advantages of Easy-ForexT, join Easy-ForexT
(registration is quick and free, no obligation)
The many available resources and tools to train yourself
There are many free tools and resources available in the market, particularly
online. Among these, you will find:
There are many kinds of charts (see Chapter 6, Technical Analysis). Start with
simple charts. Try to identify trends and major changes, and try to relate
them to technical patterns as well as to macro events (news, either financial
or political). Make an effort to determine the general magnitude of each
change on the chart (meaning: what is the $ value of the change, if you were
trading at that point).
Most platforms provide guided tours, demos or tutorials, either online or via
Keep abreast of world news. Read all the headlines, particularly those directly
related to Forex. Check the impact of such news, if any, on the charts.
Read daily/weekly outlooks posted on Forex or general financial sites. Many
include alerts to upcoming reports and events such as market indicators and
interest rate decisions.
To read today's professional outlook and view detailed charts, join Easy-
ForexT (registration is quick and free, no obligation):