Thread: New In Forex

Heres another informative site worth taking a look at...

http://www.forex-toro.com

Good luck with your trading

Foreign Exchange (FOREX) is the arena where a nation's currency is exchanged for that of another. The foreign exchange market is the largest financial market in the world.The simple sense of Forex (Forex currency exchange, Foreign Exchange) is simultaneous purchase and sale of the currency or the exchange of one country's currency for the one of another country. The world currencies do not have a fixed exchange rate and are always fluctuating being traded in the currency pairs like Euro/Dollar, Dollar/Yen an others. 85% of daily trades are taken by major currencies trading.
Forex Strategy->
# Trade pairs, not currencies - Like any relationship, you have to know both sides. Success or failure in forex trading depends upon being right about both currencies and how they impact one another, not just one.
# Knowledge is Power - When starting out trading forex online, it is essential that you understand the basics of this market if you want to make the most of your investments.
# Unambitious trading
# Don't trade too short-term - If you are aiming to make less than 20 points profit, don't undertake the trade. The spread you are trading on will make the odds against you far too high.
# Don't be smart - The most successful traders I know keep their trading simple. They don't analyse all day or research historical trends and track web logs and their results are excellent.
Anyways Happy Trading
& Best Of Luck.

Indicator
Expert Advisor
Robot (RFIS7)

I wouldn’t recommend a robot for a beginner…
You should visit as many forums as you can; they always have book discussions and stuffs like that… Don’t pay to down load anything, because there is enough free resources to get you started.
It would also help you to down load a demo account, since is that what will give you the real experience…
GOOD TRADES!

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Originally Posted by forx

Hi Brian,
i'm also newbie in forex..but this is my starting link to know about forex....

Hey! Welcome to this forum! It is quite an interesting one!

Hi Brian,

As a beginner and you want to start your journey in forex, you must have a trading plan especially in your risk management/money management. Visit this link for a further details what do you need to have in the forex planning http://www.forexdiscussion.net/viewtopic.php?f=16&t=27.

Happy Trading!!!

For all those who are not exactly experts when it comes to forex market trading, the first thing to understand is that it is not the same thing as stock market trading. Forex trading and stock trading are two entirely different concepts.

Different kinds of securities are traded in stock markets and forex markets and under very different market conditions too. The forex market deals in the trade of foreign currencies whereas the stock market deals with trade of stocks and shares. This is probably the most important distinction between the two different kinds of trading.

I m also waiting for some information how i can enable my signature??
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