If you are just starting out on your forex journey I would suggest you read "The Complete Turtle Trader" by Michael Covel. The introductory slideshows on Slideshare are also a great resource. Once you have the basic understanding you can learn strategies at sites such as such Everestforex (great site, very friendly, gives you $100 real money to start with). And of course stay up to date at Bloomberg.com!
When it comes to trade in the forex market, there are many options to use to get sure success through all your efforts and implementation of perfect strategies. The automated forex trading could also be taken as one of the most significant forms of forex trading that can really help the traders a lot. However, your first and foremost stuff should be to build up your own personalized system of routine forex trading.
I think the first step is to understand what we are doing? The more we understand, the better chance we can make good decision. Like trend trading, if we don't know what it is, usually, we will lose. In other word, understand deeply about forex may increase chance to win in this investment channel.
As a result, the best way is to improve knowledge. Personally, I think beginners may want to read this book. Good content, easy to read, and understand.
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Great resources for Newbies
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