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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
FX Technical Analysis
EURUSD Comment: Very strange price action, so subdued compared to what is happening in other markets, almost as if an invisible hand was propping up the base. Surely we cannot hold inside this rather nasty 'triangle' for how much longer, and remember this currency pair may be subject to 'false...
Forex and Dow Jones Recommended Levels
EUR/USD Today's support: - 1.2405(main), where correction is possible. Break would give 1.2377, where correction also may be. Then follows 1.2351. Break of the latter would result in 1.2333. If a strong impulse, we would see 1.2302. Continuation will give 1.2286 and 1.2252.
Short-Term Forex Technical Outlook: NZD/USD
The New Zealand dollar fell to a six-year low against the U.S. dollar over the last 24 hours of trading, and may continue to move lower over the remainder of the trading session as risk aversion continues to drive price action in the forex market. The NZDUSD continued to hold...
Technical Analysis Daily: EUR/USD
Yesterday the Euro/Dollar made an insignifican rising effort. After breaking up of the formed triangle and reaching a peak at 1.2583, the currency pair dropped and broke out of the triangle downwards and closed at 1.2451. This should support the continuation of bearish scenario for now. The signals coming are...
EURUSD, AUDUSD, EURCHF Daily Outlook
The downside is under renewed pressure as the Euro reached daily lows at 1.2420, only 90 points away from the recent yearly low at 1.2330. Resistance is seen at 1.2575 followed by 1.2620/35 and 1.2700 higher. Intraday support starts at 1.2420 backed by 1.2395 and 1.2330. The daily studies are...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
Daily Financial Market Outlook
There will be a lot of central bank chatter today, from the US to Europe and the UK. The debate will centre not on the direction of interest rates moves - that is clearly downward - but more on when the next cuts are going to take place. For the...
Asian Market Update
In currencies, short-covering in global equity markets coincided with a selloff in US dollar and Japanese Yen. EUR/USD pierced former support turned resistance at 1.2480 and subsequently found buying interest at that level on a retracement before rallying as high as 1.2550. Continued reversal of risk averse flows would target...
Asia Session Recap
After another disastrous day for US equities and news that the US Congress would delay the possibility of loans to the ''Big Three'' automakers we saw losses extend to Asian stocks and the Yen strengthen further. USD/JPY finished its fall from NY highs of 96.23 early in Asian trading at...
Euro Could Rebound Against US Dollar As Light Calendar Boosts Risk Appetite
The Euro clawed its way higher to test the 1.25 level having hit a low at 1.2423 in early Asian trading. The British Pound followed suit, with both pairs seeming to reflect receding risk aversion and a mild outflow of capital out of the US dollar. Sterling moved higher having...
Bank of Japan Holds Rates Steady at 0.3%
In a unanimous vote today, the Bank of Japan held its benchmark interest rate at 0.30%. The previous meeting saw the bank cut rates by 20bp, the first of such moves in seven years. It was also revealed that the reserve has also undergone studies to see how to make...
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
FX Technical Analysis
EURUSD Comment: Very strange price action, so subdued compared to what is happening in other markets, almost as if an invisible hand was propping up the base. Surely we cannot hold inside this rather nasty 'triangle' for how much longer, and remember this currency pair may be subject to 'false...
Forex and Dow Jones Recommended Levels
EUR/USD Today's support: - 1.2405(main), where correction is possible. Break would give 1.2377, where correction also may be. Then follows 1.2351. Break of the latter would result in 1.2333. If a strong impulse, we would see 1.2302. Continuation will give 1.2286 and 1.2252.
Short-Term Forex Technical Outlook: NZD/USD
The New Zealand dollar fell to a six-year low against the U.S. dollar over the last 24 hours of trading, and may continue to move lower over the remainder of the trading session as risk aversion continues to drive price action in the forex market. The NZDUSD continued to hold...
Technical Analysis Daily: EUR/USD
Yesterday the Euro/Dollar made an insignifican rising effort. After breaking up of the formed triangle and reaching a peak at 1.2583, the currency pair dropped and broke out of the triangle downwards and closed at 1.2451. This should support the continuation of bearish scenario for now. The signals coming are...
EURUSD, AUDUSD, EURCHF Daily Outlook
The downside is under renewed pressure as the Euro reached daily lows at 1.2420, only 90 points away from the recent yearly low at 1.2330. Resistance is seen at 1.2575 followed by 1.2620/35 and 1.2700 higher. Intraday support starts at 1.2420 backed by 1.2395 and 1.2330. The daily studies are...
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
Daily Financial Market Outlook
There will be a lot of central bank chatter today, from the US to Europe and the UK. The debate will centre not on the direction of interest rates moves - that is clearly downward - but more on when the next cuts are going to take place. For the...
Asian Market Update
In currencies, short-covering in global equity markets coincided with a selloff in US dollar and Japanese Yen. EUR/USD pierced former support turned resistance at 1.2480 and subsequently found buying interest at that level on a retracement before rallying as high as 1.2550. Continued reversal of risk averse flows would target...
Asia Session Recap
After another disastrous day for US equities and news that the US Congress would delay the possibility of loans to the ''Big Three'' automakers we saw losses extend to Asian stocks and the Yen strengthen further. USD/JPY finished its fall from NY highs of 96.23 early in Asian trading at...
Euro Could Rebound Against US Dollar As Light Calendar Boosts Risk Appetite
The Euro clawed its way higher to test the 1.25 level having hit a low at 1.2423 in early Asian trading. The British Pound followed suit, with both pairs seeming to reflect receding risk aversion and a mild outflow of capital out of the US dollar. Sterling moved higher having...
Bank of Japan Holds Rates Steady at 0.3%
In a unanimous vote today, the Bank of Japan held its benchmark interest rate at 0.30%. The previous meeting saw the bank cut rates by 20bp, the first of such moves in seven years. It was also revealed that the reserve has also undergone studies to see how to make...
Newsfeed display by CaRP