Research the best ways to trade the currency Market. This is one Basic Forex Trading Guide, Forex is the biggest financial market in the world. It is bigger than the US stock market, because the daily turnover has now exceeded 7 Trillion US dollars.
Understand currencies and price fluctuations. The other Basic Forex Tutorial is learn about currency market moves, currencies are transacted in pairs. Choose a single pair and learn how to trade it until you get to know how that pair moves. The best pair is the EURUSD. Other good pairs are GBPUSD, USDCHF and USDJPY. These four pair make up 160% of all online transactions. Since 2 currencies are in a pair the total is 200%.
Basic Forex Guide Tutorials - About Currency Pairs Tutorials
- Currency Market Participants
- Major Forex Currency Pairs
- Currency Pair Names
- Advantages of Forex Trading
- Interpreting Forex Currency Quotes
Get a charting package which allows you to see the current price as it happens and make technical analysis. The most popular trading software is MetaTrader 4 Platform.Its easy to use, chart are well presented and the software has multiple technical analysis tools for a trader to choose from. The platform/software displays forex trading charts on PC computer screen: the charts explain the current buy and sell prices of the various Forex pairs. The trading software helps you keep track of your funds and how the pair which you bought or sold is doing.
Basic Forex Guide Tutorials - Forex Platform
Download MetaTrader 4 Platform
The screen-shot below shows the user interface of MetaTrader 4 Platform.
Basic Forex Trading Tutorials About MetaTrader 4 Platform
Learn a basic Forex Trading Tutorial system which gives you an indication of when to enter and when to exit trades. Following the markets price action is a popular method that professional traders have been using for over a hundred years before charts. Candlestick patterns, indicators & systems can also be used. All these techniques are discussed in detail on tradeforextrading.com.
Basic Forex Guide Tutorials - Forex Systems
- Trading Forex Market Systems
- Create a Forex Trading System
- Writing Forex Trading System Rules
- Generating Signals
- Tips for Forex Trading Systems
- Writing a Forex Trading Journal
- Writing a Forex Trading Plan
- Stochastic Forex Trading System
- Moving Average Crossover Trading System
A good Basic Forex Guide System uses the Indicators below:
Please Read Them Before Creating Your Forex Trading System
- RSI Indicator
- Stochastic Oscillator Indicator
- Moving Average Indicator
- Parabolic SAR
- MACD Indicator
- Bollinger Bands Indicator
- ADX Indicator
Example of a Forex Trading System
Basic Forex Trading Tutorial System
Begin with a demo account before trading with real money. First start learning about Basic Forex Trading Tutorial byopening a practice trading account and practice with this practice account, until you get to understand how the foreign market works & when you are confident & consistently making good profit on your forex practice account then you can open a live account.
Basic Forex Guide Tutorials - Forex Account Topics
When you open a live Forex Trading account, trade with your forex trading plan & learn how to manage the emotions in forex trading by learning about market Psychology.
Basic Forex Guide Tutorials - Forex Market Psychology Topics
