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Learn To Trade the Forex Markets - The World's Most Exciting Way To Trade!
Forex Trading (or foreign currency trading) is a fast-paced and exciting way to profit from moves in the world financial markets.Smart investors can predict and then take advantage of fluctuations in the value of one currency as it relates to another. With a highly-leveraged account, a trader can start with as little as $300, and control tens of thousands of dollars worth of foreign currency. Even a change in the value of a currency of only half a cent can create profits that total in the thousands of dollars!
Getting started in the world of Forex investing is easy! All you need to do is find a reputable broker and open an account. Then, simply fund the account, learn the basics of trading, and you're on your way.
Of course, you can't expect to make money without a lot of practice. Before you even think about investing your own money, it is essential that you use your broker's demo function to get used to the trading platform, and test out your strategies.
Without years of experience, and loads of data at your fingertips, you can't really expect to create a successful trading strategy on your own. Fortunately, there are several investors who have discovered successful strategies, and they are willing to share them or sell them for a reasonable price.
Forex Forums like Forex Factory and MoneyTec are great resources for beginners.
Books like Simple Forex and Bird Watching In Lion Country layout specific strategies that have proven to be successful and can be traded by anyone willing to employ these strategies.
Recent Forex News
Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
Euro Correction Unfolding
As we noted yesterday, “The next 'significant' move should be back to 1.57 (at least). As such, lighten up on longs at this point.” The downward move is unfolding but we continue to believe that it is corrective in nature. As such our bias remains to the long side.
Technical Analysis Daily: USD/JPY
The US Dollar rose significantly yesterday against the Japanese Yen from yesterday's bottom 105.80 to the top 106.90, which are the first support and resistance levels respectively for the currency couple today. If the positive trend continues, next resistance further up is expected at 107.45, the break of which would...
Daily Technical Strategist
EUR collapsed off its intra day high of 1.5908 Thursday through the 1.5842 level, its Jun 09'08 high to close the session at 1.5685.Overbought unwinding has been triggered as its stochastics has turned lower from its overbought territory indicating that lower prices could be seen in the days ahead. In...
Currency Technical Report
EUR/USD : The decline yesterday led euro to important support levels, where a retracement is possible. For long term sell positions, we will use the retracements towards 1.5800 area, with stops above 1.5855 or above yesterday's tops and target at 1.5450. For the short term, sell positions could be tried...
Technical Analysis Daily: GBP/USD
The British Pound continued consolidation against the US Dollar but also descended significantly yesterday from yesterday's top 1.9939, down to the bottom 1.9802, which are the the first resistance and support levels respectively for the currency couple today. If the negative trend continues, next support is expected at 1.9735, followed...
Newsfeed display by CaRP
Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
Forex Fundamental Outlook
Liquidity was reduced on account of the U.S.'s Independent Day national holiday. Traders are still talking about yesterday's post-rate hike comments from European Central Bank President Trichet in which he acknowledged risks of higher inflation and lower economic growth, adding the central bank has no policy bias at this time....
Will the G8 Meeting Impact the US Dollar?
With the stock and bond markets closed for Independence Day in the US, the foreign exchange market was extraordinarily quiet. The dollar has fluctuated within a tight range against the Euro and Japanese Yen as the non-committal nature of the Federal Reserve and the European Bank leave little direction for...
Euro Still Smarting From Yesterdays Collapse - What Will Fed Do?
A day after the 200 point collapse EURUSD bulls continued to lick their wounds as the pair tried to consolidate around the 1.5700 level in quiet holiday trade. Today's July 4th celebration in US will most likely result in a lackluster North American session with little flow as dealing desks...
European Market Update
The ECB's Mersch said overnight that an ECB rate hike will not throttle growth, adding that inflation expectations are mounting and pose a dangerous situation. Mersch added that he cannot see any evidence of credit shortage in Europe. Mersch later said that ECB rate increase lowers inflation expectations. Mersch noted...
Steady Markets...
The U.S financial markets are closed today due to the Independence Day Holiday as markets are steady due to low volume of trading as it was a tough week for the greenback especially as we saw yesterday that the labor market is still soft while investors remain worried about the...
Newsfeed display by CaRP
Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
Euro Correction Unfolding
As we noted yesterday, “The next 'significant' move should be back to 1.57 (at least). As such, lighten up on longs at this point.” The downward move is unfolding but we continue to believe that it is corrective in nature. As such our bias remains to the long side.
Technical Analysis Daily: USD/JPY
The US Dollar rose significantly yesterday against the Japanese Yen from yesterday's bottom 105.80 to the top 106.90, which are the first support and resistance levels respectively for the currency couple today. If the positive trend continues, next resistance further up is expected at 107.45, the break of which would...
Daily Technical Strategist
EUR collapsed off its intra day high of 1.5908 Thursday through the 1.5842 level, its Jun 09'08 high to close the session at 1.5685.Overbought unwinding has been triggered as its stochastics has turned lower from its overbought territory indicating that lower prices could be seen in the days ahead. In...
Currency Technical Report
EUR/USD : The decline yesterday led euro to important support levels, where a retracement is possible. For long term sell positions, we will use the retracements towards 1.5800 area, with stops above 1.5855 or above yesterday's tops and target at 1.5450. For the short term, sell positions could be tried...
Technical Analysis Daily: GBP/USD
The British Pound continued consolidation against the US Dollar but also descended significantly yesterday from yesterday's top 1.9939, down to the bottom 1.9802, which are the the first resistance and support levels respectively for the currency couple today. If the negative trend continues, next support is expected at 1.9735, followed...
Newsfeed display by CaRP
Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
Forex Fundamental Outlook
Liquidity was reduced on account of the U.S.'s Independent Day national holiday. Traders are still talking about yesterday's post-rate hike comments from European Central Bank President Trichet in which he acknowledged risks of higher inflation and lower economic growth, adding the central bank has no policy bias at this time....
Will the G8 Meeting Impact the US Dollar?
With the stock and bond markets closed for Independence Day in the US, the foreign exchange market was extraordinarily quiet. The dollar has fluctuated within a tight range against the Euro and Japanese Yen as the non-committal nature of the Federal Reserve and the European Bank leave little direction for...
Euro Still Smarting From Yesterdays Collapse - What Will Fed Do?
A day after the 200 point collapse EURUSD bulls continued to lick their wounds as the pair tried to consolidate around the 1.5700 level in quiet holiday trade. Today's July 4th celebration in US will most likely result in a lackluster North American session with little flow as dealing desks...
European Market Update
The ECB's Mersch said overnight that an ECB rate hike will not throttle growth, adding that inflation expectations are mounting and pose a dangerous situation. Mersch added that he cannot see any evidence of credit shortage in Europe. Mersch later said that ECB rate increase lowers inflation expectations. Mersch noted...
Steady Markets...
The U.S financial markets are closed today due to the Independence Day Holiday as markets are steady due to low volume of trading as it was a tough week for the greenback especially as we saw yesterday that the labor market is still soft while investors remain worried about the...
Newsfeed display by CaRP