Forex Trading for Beginners

Forex Trading Basics for Beginners and Currency Trading for Dummies.

What is Forex Trading ?

The currency trading (FOREX) market is the biggest and the fastest growing market on earth. Its daily turnover is more than 5.3 trillion dollars, which is 100 times greater than the NASDAQ daily turnover. Markets are places to trade goods. The same goes with FOREX. The Forex goods (or merchandise) are the currencies of various countries. You buy Euro, paying with US dollars, or you sell Japanese Yens for Canadian dollars. That’s all.

How does Forex Trading Work?

Very simple and obvious: buy cheap and sell for more! The money is generated from the fluctuations (changes) in the currency exchange market. The nice thing about the FOREX market, is that regular daily fluctuations, say – around 1%, are multiplied by 100! If, for example, the exchange rate of “your” pair of currencies increased by 0.6% in the last 4 hours, your profit will be 60% on your investment! Such can happen in one business day, or in a few hours, even minutes.

Moreover, you cannot lose more than your “margin“! You may make unlimited amounts, but you never lose more than what you initially risked and invested. You can implement your choice (the pair of currencies, the volume amount) under any direction to which the market is moving, and yet make profit. It does not matter whether the exchange rate is going up or down: you can always decide to buy Euro and sell dollar, or vice versa – buy dollar and sell Euro. You don’t have to physically possess certain currencies in order to perform “buy” or “sell” with them.

How do I Start?

Register here to get the Highest ever 250% Bonus on Forex i.e if you deposit $1000 you will get additional $2500 as bonus! InstaForex offers the simplest and quickest registration process, no obligation; deposit your first trading “margin” amount (credit cards are welcome); and start trading. It can’t be simpler or easier than that. Need help? We’ll provide you with 1-on-1 training and service, as much as necessary InstaForex offers real people service, live, in your own language.

(If you don’t want to risk your own money or you don’t have money to invest then check below. If you go for that you will not get the 250% first time deposit bonus.)

Start Trading on Forex without any Investments

No Money! No Problem! Register here and Start to practice trading on a live account without any investments. Maximum leverage makes up 1:200 to 1:1000. You can test your trading strategy on real money. Open an account with InstaForex and receive your No Deposit Bonus. You can withdraw all your Profit and even Bonus Funds without Risk Your Own Money!

How do I Trade Forex?

You select the pair of currencies with which you wish to make a Forex deal. Determine the volume (the amount of the deal). You deposit the “margin” (collateral needed to facilitate the deal. Usually – only a very small portion of the whole deal, say: 1% or 1:1000). Before you finally activate the deal, you can still “freeze” it for a few seconds. That enables you to either change the terms, or accept it as is, or altogether regret the whole idea. The “freeze” feature is a unique service by InstaForex.

When your Forex deal is running (you hold an “open position”), you can monitor its status and check scenarios online, whenever you wish. You may change some terms in the deal, or close it (and cash the profit, if any, or minimize the loss, if any). Moreover, InstaForex lets you determine a “take-profit” rate, with which the deal will close automatically for you, when and if such rate occurs in the market. Meaning: you do not have to stay near your computer when you hold open positions.

Want to Know More?

Want to get online training? We suggest that you should begin your tour with the section on Basics of Forex Trading. You will find the informative articles in this section. Once you feel that you are ready to get going, do take a look at Forex Broker Reviews and Comparisons.

Step by Step Forex Trading Guide

If you want to learn forex trading step by step as a beginner, then we suggest that you should begin your tour with the section on Basics of Forex. You will find below the 15 forex trading tips in this section. Once you feel that you are ready to get going, do take a look at Forex Broker Reviews and Comparisons.

We are sure that this section would be of immense value to you as it is a serious attempt to help you choose a profitable and reliable Forex broker. Success in your online Forex trading venture depends a lot on right Forex broker.

Checkout the Forex Trading Basics

1. Introduction to Forex
2. Reading Forex Quotes
3. Understanding Pips
4. Calculating Profit and Loss
5. Types of Orders in Forex Trading
6. Understanding Margin and Leverage
7. Choosing a Forex Broker
8. Forex Trading vs The Stock Market
9. Avoiding Failure in the Forex Market
10. Traits of Successful Forex Traders
11. Fundamental Analysis
12. Technical Analysis
13. Fundamental Analysis vs Technical Analysis
14. Fibonacci Numbers
15. Japanese Candlesticks