Forex Trading Basics

FOREX Overview

What is Foreign Currency Exchange? The first part of this currency trading tutorial looks at the history behind foreign currency exchange. Currencies from many different countries were backed up by gold about one hundred years ago. It was called The Gold Standard. This basically meant that to print certain amount of paper money a predetermined amount... [Read more of this tutorial]

Forex Market Hours

The forex market hours stretch from Monday morning in Sydney, Australia to Friday afternoon in New York. During that time the market is open somewhere around the globe at all hours of the day or night. However it is not a 24/7 market because it does shut down on weekends. 24/5 would be more accurate. If you need to know the exact times that the markets... [Read more of this tutorial]

Advantages of Forex Trading

Foreign Exchange Market is a market where traders buy and sell currencies with the hope of making a profit when the values of the currencies change in their favor. People are making vast amounts of money from Forex trading. The Forex Market has a big potential for everyone, ranging from large corporate firms to ordinary, everyday people like you and... [Read more of this tutorial]

Importance of Forex Education

In the world of currency trading, knowledge is the key to become a successful trader.  If you enter the world of real time forex trading without the necessary knowledge and skill then you are almost guaranteed to lose money. However, if you take the time to learn what you are doing before you start trading with your own hard earned money then you will... [Read more of this tutorial]

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Forex Charts

Understanding Forex Charts

Forex Charts are easy, informative and convenient. To any successful forex trader, the ability to read charts is an essential skill to have. Chart analysis is the basis of dynamic trading. The technical analysis approach is to look at charts and identify which direction the price is moving. Often forex charts are used for the following four purposes: Identify... [Read more of this tutorial]

Using Forex Charts In Three Simple Steps

If you use charts you don’t need to know anything about economics all you need to do is to lock into trends and you can see them in any currency pair. These trends can last a long time and many last for weeks or months, if lock into them with leverage and you can make huge gains. You don’t care why prices are moving you just want to follow trends. The... [Read more of this tutorial]

Six Common Mistakes To Use Forex Charts

Forex charts are useful tools for a successful forex trading strategy. However if used incorrectly, they can also provide misleading information. Most novice traders tend to make the following six common mistakes when using forex charts:1. Using Useless IndicatorsThese are indicators based upon flawed logic. Fibonacci numbers, Elliot wave theory... [Read more of this tutorial]

Triangle Patterns

One technique in using forex charts as your tool for technical analysis is to recognize triangle candlestick pattern. While the shape of the triangle is significant of more importance is the direction that the market moves when it breaks out of the triangle. Triangle patterns are relative easy to identify on the trading charts. It is formed by price... [Read more of this tutorial]

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Forex Analysis

The Basics Of Forex Analysis

Currency trader typically use “Forex analysis” as a tool in predicting currency price movements. Forex analysis itself is divided into two types: fundamental and technical. A fundamental analysis uses economic and political factors as a means of predicting currency movements. A technical analysis uses reliable historical data as a means... [Read more of this tutorial]

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