Thread: Forex is learning.. learning.. money...money

if u focus on learning and learning u will make lot of money....success !

I agree! If you invest on yourself learning as much as you could on trading and forex, you will definitely make it big. The key is experience, knowledge, and hard work to be successful in trading.

First you need to learn before learning forex trading, about:

Market participants in Forex: Banks, Commercial companies, Central banks, Hedge funds as speculators, Investment management firms, Retail foreign exchange brokers, Non-bank Foreign Exchange Companies, Money Transfer / Remittance Companies.

Forex trading characteristics

Determinants of Forex Rates

Economic factors:
Economic policy comprises government fiscal policy and monetary policy.
Economic conditions include:
* Government budget deficits or surpluses
* Balance of trade levels and trends
* Inflation levels and trends
* Economic growth and health
* Productivity of an economy

Political conditions: Internal, regional, and international political conditions and events can have a profound effect on currency markets.

Market psychology: Flights to quality, Long-term trends, "Buy the rumor, sell the fact", Economic numbers.

Financial instruments: Spot, Forward, Future, Swap, Option, Exchange-Traded Fund.

....and more.....

i agree, in forex learning is everything. that is the reason i built my site http://forex-tips-and-more.info
it gives good advices. pls. check and see if it is helpful. thanks

On average successful Forex traders have a system that has an 80% success rate, to break this down in simple terms, that means out of every 100 trades they will win 80 trades and lose 20 trades. The Forex money management plan must take into consideration the worst case scenario; losing 20 trades consecutively. A good Forex money management plan will work in conjunction with a traders' success rate. If you trade with a 30 pip stop loss and trade at £1 a pip then you are risking £30 a trade. Now you need to take into consideration that you might lose 20 trades on the run that will mean you need a balance of £600 to whether the storm.

Forex online system trading is an excellent way of knowing the real time changes in the forex trading market. This system is considered to be excellent when it come to earning profits. The trader gets to learn of the markets position with just a click of the button. This is a flexible option, due to which several traders are rapidly turning to forex trading. This in turn helps them earn a good profit.
One advantage that online forex trading has is that it is accessible anywhere, anytime. This lets the trader trade in the financial market just by sitting at home. Because of the online system, several traders now know a lot more about the trading scenario without even leaving the comforts of their home. This makes trading online a worthwhile adventure.

sure shot nifty tips !! Commodity Tips Free Trial

Forex investing has several differences from the more common Stock market. The Stock market is based on the selling of stocks in companies, where as the Forex market is based on the pairings of foreign currencies. The Stock market often requires a long-term investment in a stock, waiting for changes in a positive fashion for your portfolio. Forex trading investing affords you the luxury of being involved a very short term, fluid market. A market that is open twenty-four hours a day, five days a week, worldwide.

I am new to the forex trading world- I agree with each of your comments; to be successful in Forex requires knowledge and understanding. As a Forex freshman, if you will, I am just so overwhelmed by all there is to learn and know- I study daily but feel I will never obtain a strong enough grasp over this complex industry...
Keep trading,
Jonathan

The biggest mistake most people do when they get into forex trading is that they don’t take the time to educate themselves and then end up losing money. According to me, traders should test their skills on demo trading accounts and furnish their ability to trade before actually trading on real accounts. There are many forex education websites out there but most of them are crap. I suggest you to go for baby pips and The Forex trading coach. they are good websites and provide almost all answers of your misterious questions about trading.

Happy Trading!!

Anjila J

ForexAtom - Unleash the power of Forex

I have been listening to my brother in law talk Forex for a lot of time now and hearing things like candle sticks doji and hammer and bever and i never understood the jibberish he was speaking. I finally asked him for a quick lesson. In the end he actually pointed me to a great training site Everest Forex http://bit.ly/j7CfPV which was excellent - They even have a trading simulator that when completed successfully i will receive $100 to use toward trading