Thread: Learn online Forex Trading

Trade in all forms is the buying and selling of goods. The principle on which it operates is 'buy cheap, sell dear'. Forex trade is unique in the sense that there are no goods sold here, only currencies are swapped, one for the other. The principle of operation is same though, 'Buy a currency as cheaply as possible and sell it when it improves in value' or 'sell a currency at a price and buy it back cheaper when its value falls'. The former kind of transaction is called a 'long position' while the latter is called the 'short position'.

Being a newbie, your first approach should be to watch and judge the forex market and learn from other forex marketer doing business here. This will save you from the real traders aggressively participating in the market, but always make sure that you are well efficient in the usage of such systems.

The best way to learn forex trading is in a live forex trading room, with live forex traders in the live market..

The Tiger Trade Room is a great example of a successful group of traders in a live training room environment.

newbie or not, imo, the best way to begin forex is to open an demo account with any of the automated forex trading platforms (e.g. zulutrade) and try your luck following. again, to me, no reason to bother to trade myself, the signals are already written and functional (profitable i mean) and all I will be doing will be only loosing money and time trying to perfect my manual trades. of course, the returns with auto-trading might not be that high as compared to manual trading, but it's a good trade off, when you think about in the long run.

Originally Posted by Amanda

Trade in all forms is the buying and selling of goods. The principle on which it operates is 'buy cheap, sell dear'. Forex trade is unique in the sense that there are no goods sold here, only currencies are swapped, one for the other. The principle of operation is same though, 'Buy a currency as cheaply as possible and sell it when it improves in value' or 'sell a currency at a price and buy it back cheaper when its value falls'. The former kind of transaction is called a 'long position' while the latter is called the 'short position'.

Hi Amanda,

Above you mentioned are the common principle of trading. When you are trading on the forex market, these principle cannot guide you when to buy or when to sell. So, you should learn more about forex trading, especially the technical analysis and fundamental analysis. These information you can find on the site Profifodrex. Wish you success!

I found that this was the best way of making money in forex for me. you should check it out: http://bit.ly/JpjeDq

Well, as mentioned above, a demo account is a good start. You can open an account with the Forex demo competition before putting your own money on the markets.