EURO.uz -The Forex quick guide for beginners and private traders

| Forex | Форекс
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The Forex quick guide for beginners and private traders

Forecasts


Read forecasts, some of which are available free of charge. Bear in mind that
forecasts and predictions are made by people, none of whom can guarantee
the occurrence of future events:
Indices
Follow the indices of the leading markets (e.g. Dow-Jones, NASDAQ; Nikkei;
etc.). Compare them to the changes in the Forex market, and to changes in
particular currency pairs.

Economic indicators


Pay attention to the release of economic indicators (for example - the
monthly unemployment rate in the USA), and try to identify their impact on
the market in general, and on specific currency pairs in particular.

Glossary


Don't hesitate to browse Forex glossaries, which are offered free on many
platforms. A given word may have different meaning as it relates to Forex and
to the terminology used by the Forex market participants.


Seminars and courses

Try to attend professional Forex seminars. Some seminars are offered free,
often as part of a client recruitment process by a given platform; many are,
nevertheless, worth attending. Educational courses are offered online and by
many post-secondary institutions.

Forex books


Read, or even just browse. Many books are offered free, or as part of a
service package to the trader. For many, historical background and technical
analysis are topics better covered in books than in an educational setting.

Internet forums / blogs


Visit and participate in Forex forums. This gives you an opportunity to learn
from the experience of others. Of course, remember that some forum
participants may be biased, promoting a given Forex platform or their own
agenda.

No commissions? How about profit withdrawal fees?
(No hidden costs at Easy-ForexT. Join and trade without banking costs or other
indirect costs. Read more: www.Easy-Forex.com/ - Spreads and Commissions)

So much to consider:
To succeed as a Forex trader, you must take into consideration a wide variety
of factors such as:

  • spread ("pips");
  • commissions and fees;
  • ease of access to the trading platform;
  • minimum amounts needed for trading;
  • additional amounts needed (if any);
  • control over activity and positions;
  • the platform software requirements;
  • ease of deposits and withdrawals;
  • personal service and support provided by the platform;
  • the platform's business partners;
  • the platform's management, offices and outreach;
  • the products offered onboard the platform; and many others.


Online training, no downloads

Easy-ForexT is dedicated to educating its customers. Customers can access
FREE one-on-one online training. The training goal is to teach people specific
strategies for trading currencies over the internet. Both novice investors and
expert day traders have benefited from the training provided by Easy-ForexT.

The "demo" account idea


Many Forex platforms offer new registrants a "demo" account. A typical
example would provide 10,000 "demo" dollars that can be "traded" as a
means of learning how to succeed in Forex.

Easy-ForexT does not offer "demo" accounts. Coming to understand that
reason must rule over emotion is the most important lesson a trader can
learn, and it cannot be done with play money. If there is no consequence to
indulging in emotional responses to the market, there is no learning, so
"demo" accounts tend to have little educational value. Rather, Easy-ForexT
allows you to start trading with just $25, including full access to one-on-one
training. New registrants are thus able to garner both an educational and
experiential benefit unavailable through simulated situations.

 

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