StefGrig Posted September 28, 2008 Report Posted September 28, 2008 Before we start talking about how we can make profit trading Forex, it'd be a good idea to define precisely what we are talking about... You probably have already made exchanges between several currencies. I, for example, have often loaded a debit card in US dollars to withdraw at the ATM in Euros. And each time, the final amount I am able to withdraw depends on the value of the Euro compared to the US Dollar. 100 USD may not be worth the same amount in Euros today and tomorrow... Well the Forex market is exactly about this: the value of one currency against an other... You buy or sell a currency depending on the value you expect it to have compared to an other currency. These are called currency pairs. Definition: The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The average daily trade in the global forex and related markets currently is over US$ 3 trillion. Important: Manual forex trading is a difficult activity. During your learning period, ALWAYS trade on a demo account (where no real money is at stake). And if you do not feel confident enough, or if you do not have the time to trade seriously, have a look at the auto trading thread for some tools that do not require you to trade by yourself. All that I said above, it's just a small fraction of the entire forex basics for a forex beginner. For more information just check a great informative site about Forex, that I recommend for "Noobs like us", called: http://www.babypips.com/ especially check the lessons from the section "School" : http://www.babypips.com/school/ Please be free to share with us your experience, ideas and knowledge.... Quote ---- My Ambition is beyond My Knowledge ----
skylady Posted October 9, 2008 Report Posted October 9, 2008 Thank you Stef for all your good information and the time and effort you put into it... It will take awhile for going through it all, but I will !!! Appreciate your well put together information on Forex :D ;) Quote
⭐ Yippee Posted October 9, 2008 Report Posted October 9, 2008 Interesting information, and those are some great newbie sites too! Thanks for sharing all this great info. Quote
dbiz Posted October 28, 2008 Report Posted October 28, 2008 Awesome Info!! Also I have found another seems to be old site that has some great info on trading forex it is http://masteringforextrading.com they have a great ebook collection on the basics that got me started in the right direction. Quote
panda1 Posted April 30, 2011 Report Posted April 30, 2011 Awesome Info!! Also I have found another seems to be old site that has some great info on trading forex it is <a href="http://masteringforextrading.com" target="_blank">http://masteringforextrading.com</a> they have a great ebook collection on the basics that got me started in the right direction. :cool: this is also good site man i'v read alittel in this site but its very useful infromation Quote
Estella Posted August 17, 2011 Report Posted August 17, 2011 Training and seminars are also helpful for traders and newcomers they help them to understand at the beginning. Online method also provide trading tips, with the help of just single click we can attain a training program, which is make for all kind of traders. This programs are organize by the excellent professionals those have a vast knowledge of foreign exchange. Forex | Trade Forex | Forex Trading Quote
Jonathan Groff Posted January 23, 2012 Report Posted January 23, 2012 Great Post..Its a good piece of info. And I totally agree with the post. Its true that Forex market is decentralized market. And Forex trading is very risky due to leverages available with very less money you can gain more or there may be a big losses as well. Forex trading has many financial frictions. Quote Affiliate ProgramForexaffiliatetradingprogram
Paul077 Posted February 8, 2012 Report Posted February 8, 2012 Forex is a multinational currency exchange market. It takes 98 % of all exchange transactions. Forex market is a perfect solution to exchange issues for numerous banks and financial institutions. It is a venue of non-stop trade, currency exchange and speculations. Millions of retail traders all over the world have discovered unbelievable opportunities of the market in terms of money earning and income growth. Forex Quote
George Posted February 22, 2012 Report Posted February 22, 2012 Yeah, manual investment on currency is the difficult task, which is depend mentality at the situation... What are all the automated software that you can offer? Quote
katie27 Posted March 12, 2012 Report Posted March 12, 2012 To have the ultimate advantage, you need to do much as you can to educate yourself and fill yourself with knowledge. There are always more things to learn. The more you learn the more leverage you'll have. The more leverage you have, the more advantage you'll have. And with a big advantage, it makes life a whole lot easier. trade binary options Quote
John Starks Posted May 2, 2012 Report Posted May 2, 2012 Interesting information, Thank you.. Quote Precise Forex Signals Delivered Daily - Get 7 Winning Strategies FREE!!!
kellywilson288 Posted November 6, 2012 Report Posted November 6, 2012 When you trade in the foreign exchange spot market, you are actually buying and selling two underlying currencies. All currencies are quoted in pairs, because each currency is valued in relation to another.These kinds of basic info. is very important.Very fruitful post. Quote
diablo88 Posted November 28, 2012 Report Posted November 28, 2012 Reall thanks for your sharing article. I like this since it was so simple and easy to understand. BUY & SELL in Forex are TWO FIRST THING every trader should learn before go to trade Forex :) Quote
sedoman001 Posted December 23, 2012 Report Posted December 23, 2012 Hello, I am new in this forum I want to know about Forex. please write me a about Forex. Thank you. Quote
warwickheadley Posted December 27, 2012 Report Posted December 27, 2012 The National Physical Therapy Exam (or NPTE) is the measuring stick by which all new physical therapy graduates are measured. Quote mobile media carts
Sentia Posted January 20, 2013 Report Posted January 20, 2013 Hello, I am new in this forum I want to know about Forex. please write me a about Forex. Thank you. Hello, I am also a newbie, but I have already found a lot of useful infore here. Almost everything is already written here Quote Foreign exchange trading platform for currency trading online
lollabun Posted January 29, 2013 Report Posted January 29, 2013 Success in trading is not only about reading books! You also need to practice! Let's practice by opening 15 EUR real moneywelcome account with armada markets. Quote Super-Low Spreads and Fast Execution
Gaban Posted January 29, 2013 Report Posted January 29, 2013 Success in trading is not only about reading books! You also need to practice! Let's practice by opening 15 EUR real moneywelcome account with armada markets. That's right. Keep learning and practicing if we wanna be a successful trader. And before trading with real account, i think we should start trading with demo account first. Quote www.instaforex.com
lollabun Posted February 19, 2013 Report Posted February 19, 2013 Success in trading is not only about reading books! You also need to practice! Let's practice by opening 15 EUR real moneywelcome account with armada markets. That's right. Keep learning and practicing if we wanna be a successful trader. And before trading with real account, i think we should start trading with demo account first. with a demo forex trading, we can apply the indicators, analyzes and the best strategy in forex. we can be successful in forex business to remain disciplined and obedient to the rules we make. should never hasty in entering the market before we are confident with both technical and fundamental analysis Quote Super-Low Spreads and Fast Execution
dustinedan2 Posted March 14, 2013 Report Posted March 14, 2013 Business owners and entrepreneurs who would like to be successful in business have to learn the basics of branding. --------------- Dustin Edan cd duplication Quote
jamal Posted May 3, 2013 Report Posted May 3, 2013 Most investors who trade Forex use a broker. A broker is an individual or a company, who buys and sells lots of currency according to the trader's wishes. Brokers earn money by collecting commissions or fees for their services. Many of the Forex Brokers available today do not charge any fees or commissions. Most of our clients do not understand how a Forex Broker can stay in business and not charge any fees or commissions. Brokers do there very best to spin this fact into a positive for their particular firm, but most Forex Traders know the facts. The fact is that Forex Brokers make a significant amount of revenue from the spread in each Forex trading pair that the client trades. Quote
mak123 Posted September 6, 2013 Report Posted September 6, 2013 Truely said , learnand practice more if really want to be a successful trader. And before trading with real account, one should start trading with demo account first. Quote Latest Forex news
fxapex Posted May 27, 2014 Report Posted May 27, 2014 Truely said , learnand practice more if really want to be a successful trader. And before trading with real account, one should start trading with demo account first. Practising in a Demo account is a must for any trader in this way he can really asses what he is capable of. Quote
1primerebate Posted July 31, 2014 Report Posted July 31, 2014 nice thread and nice opinion from others member here. I want to add some information. Before trading,make sure your broker give rebate. Or you can make it through PrimeRebate. they will give you rebate and based on standart of broker. The process is simple, register in PrimeRebate and choose your own broker... Quote
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