Where can I find a beginners guide to trading in the Forex market?
I am new to the Forex market and I am very interested in the potiential that it has to offer. I am trying to weed through all the nonsense and not become overwhelmed with all the info out there. Does anyone have some guidance on this subject and can you give me some pointers that may help me out of the gate. Any information on this would be greatly appreciated.
July 12th, 2010 at 5:09 am
I have read some forum posts on this topic in the past. Though I have no personal experience with it, the system I’ve seen most consistently recommended is the Profitable Trend system. They offer a free mini-course and a money-back guarantee on their main system.
July 12th, 2010 at 5:41 am
I too am exploring the Forex market – try this (forex factory).
July 12th, 2010 at 5:46 am
The particular website linked at the bottom specializes in giving novice/beginner forex-traders helpful fundamental information regarding large and detailed introductions on foreign exchange, forex-trading tips, concepts, fraud warning info, trading safety info and also excellent, detailed information on the Major currencies of the world and the Central Banks that go with it.
There is also an article written especially for novice traders, where a more advanced trader is writing about his experiences in forex-trading during one day. All these articles are for novices and beginners, but the very first link at the top of the list below is especially written for novices. On the home-page of the website, it will show the latest news on economies and forextrading and may help you while you trade.
I find this site particularly helpful since im still learning too! hope this helps!
July 12th, 2010 at 6:46 am
With you just starting out with forex I would suggest that you get yourself a system to work with and then get a demo account for one of the major forex players like forex.com.
When I started out I did a bit of reading, did a couple of trades with my demo account and made a nice profit, ony to see the wiped out by some bad decisions. It was at this point I discovered http://www.faqata.com/url/forex-trading-… and using this system in the demo account I couldnt believe how well I was doing, believe me you will be moving to a full forex trading account before you know it using this system.
July 12th, 2010 at 7:14 am
I recommend to all my clients that are just starting out to go to http://www.babypips.com
They present the info in a very user friendly way and you will be surprised how much you learn in a short period of time.
Good luck in your Forex adventures. Let me know if you need any help.
Paul
[email protected]
July 12th, 2010 at 8:13 am
Try this site : http://www.geocities.com/lcming/Forexbooks
July 12th, 2010 at 8:27 am
I know the anxiety you must feel. There is so much out there to learn about the Forex in order to trade traditionally. Before I was introduced to the Forex I barely even knew what it was all about. I was then introduced to a revolutionary forex trading system, which has been levelling the trading playing field. It’s called FreedomRocks. I looked into it a bit, tried their free demo, and have been investing in the Forex ever since. The reason it is revoltionary is because it does 95% of the work, it eliminates all guesswork, and it only takes about 20-30 minutes PER WEEK to manage an account of any size. There is a product video at http://www.simple4xinvesting.com Please feel free to call or email me at anytime as I love sharing my experience using this system with others!
Best Regards
Chris Thomas
1-541-255-2647
[email protected]
July 12th, 2010 at 8:54 am
I’ve been using the FreedomRocks system and have came across a lot of posts on various forums and wanted to share my personal experience. First of all the system takes the guesswork and emotion out of trading on the Forex market. It’s a proprietary system that does 95% of the work and takes a few minutes per day to manage.
As we all know even experienced Forex traders can make big mistakes and most people end up loosing all of the money that they invest within the first couple of months. Unlike most forex programs FreedomRocks is not attempting to guess which way the market is going to move because quite frankly no one can predict that and that’s why the majority fail.
Let me emphasize that this is a long term investment strategy and not a get rich quick program. It’s a very simple and easy system to understand and I’ve never seen any other program where someone with no prior trading experience could invest in the market and actually be profitable.
The FreedomRocks system represents a complete paradigm shift from traditional Forex investment practices:
– The automated system does the trading for you
-No charts, no graphs and no more Guesswork
-Spend only 20 minutes per week managing your account
-Structures your trading: Buy Low/ Sell High
– Allows you to collect daily interest on leveraged money
-100% control over your money
I believe that this is the best system for trading on the Forex but of course I don’t expect anyone to take my word. I would encourage anyone looking for a smart way to trade in the market to take advantage of the 15-Day free trial so they can experience for themselves how it works.
For More information check out: http://www.wiseforexinvestor.com
* I’ve also created a worksheet to assist people in setting up their account using the system so if anyone be interested I would be more than happy to share it.
Best Regards,
Rex White
503-922-1475
[email protected]