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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 $300, and control tens of thousands of dollars worth of foreign currency. Even a change in the value of a currency of only half a cent can create profits that total in the thousands of dollars!
Getting started in the world of Forex investing is easy! All you need to do is find a reputable broker and open an account. Then, simply fund the account, learn the basics of trading, and you're on your way.
Of course, you can't expect to make money without a lot of practice. Before you even think about investing your own money, it is essential that you use your broker's demo function to get used to the trading platform, and test out your strategies.
Without years of experience, and loads of data at your fingertips, you can't really expect to create a successful trading strategy on your own. Fortunately, there are several investors who have discovered successful strategies, and they are willing to share them or sell them for a reasonable price.
Forex Forums like Forex Factory and MoneyTec are great resources for beginners.
Books like Simple Forex and Bird Watching In Lion Country layout specific strategies that have proven to be successful and can be traded by anyone willing to employ these strategies.
Recent Forex News
Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
A$, No Important Bottom... Yet...
The view in a$ remains unchanged as trade from the Oct 27th low at .6005 is seen as a large correction, and with an eventual resumption of the longer term declines to new lows after. Note too that the "sloppy" series of moves from that low (overlapping 3 leg moves,...
Euro, British Pound, Australian Dollar may Rebound Against US Dollar
The Euro continues to trade within a progressively narrower wedge formation against the US Dollar, and the next several days of price action will likely dictate Euro/US Dollar direction for the next several weeks of EUR/USD trading. Already we see the EUR/USD attempting yet another break to the topside after...
Australian And New Zealand Dollar Breakout Potential Draws Analysts
The Aussie and kiwi dollars have come under renewed selling pressure through the end of this week. Heading into the weekend, ranges are clearly growing progressively mature and strained, while a few crosses have already made the intial push for a breakout. A resolution to this congestion period must come...
FX Thoughts for the Day
AUD-USD @ 0.6217/19...Long term range of 0.60-0.70. Aussie has risen sharply taking Support of the 8-SMA on the hourly chart during the Asian and European session and now has started to come off the highs of the day. Overall Aussie would consolidate between 0.60 to 0.70 in the longer term....
Daily Technical Strategist
While EUR remains trapped in its triangle pattern as well as the 1.2330 and 1.3298 levels, break out of the mentioned triangle continues to dominate the pair's price action. Break of the 1.2330 level is envisaged to be triggered as its present consolidative moves remains corrective of its decline started...
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
Markets Rally On Geithner Nomination For Treasury
While it is not official, the financial press is reporting that President-Elect Barack Obama will be tapping New York Federal Reserve Bank President Tim Geithner as the new Secretary of the Treasury. Geithner was a U.S. Treasury Department official under both Robert Rubin and Lawrence Summers and has been with...
Obama Taps New York Fed Governor To Replace Treasury Secretary Paulson
NBC News has reported that President-elect Barack Obama has made his pick for the Treasury Secretary position when the regime change occurs. Filling in for Henry Paulson - who currently holds the role - Obama plans to appoint current New York Federal Reserve Governor Timothy Geithner. Geithner has played a...
Currencies Soar on Reports that Obama Picks Timothy Geithner as Treasury Secr...
On a day when the market had nothing to be happy about, the leak of President-elect Barack Obama's Cabinet announcements have erased one major uncertainty for the financial markets, helping equities and currencies recover. The NY Times reports that Hillary Clinton has accepted the post of Secretary of State and...
USD Recovers from Overnight Selling
The greenback fell sharply against the majors early in the Friday session before regaining its footing by the New York afternoon. The dollar briefly fell to 1.5059 against the sterling and 1.2636 versus the euro. Trading in the foreign exchange market remained choppy and volatile, benefiting the Japanese yen amid...
Currency Pair Overview
It was a relatively quiet day in the markets (for a change) in part because no new economic data was released in the U.S. Goldman Sachs downgraded its estimates of 2009 GDP and said that the unemployment rate could reach 9% by the second half. The Euro (Eur/Usd) advanced 150...
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
A$, No Important Bottom... Yet...
The view in a$ remains unchanged as trade from the Oct 27th low at .6005 is seen as a large correction, and with an eventual resumption of the longer term declines to new lows after. Note too that the "sloppy" series of moves from that low (overlapping 3 leg moves,...
Euro, British Pound, Australian Dollar may Rebound Against US Dollar
The Euro continues to trade within a progressively narrower wedge formation against the US Dollar, and the next several days of price action will likely dictate Euro/US Dollar direction for the next several weeks of EUR/USD trading. Already we see the EUR/USD attempting yet another break to the topside after...
Australian And New Zealand Dollar Breakout Potential Draws Analysts
The Aussie and kiwi dollars have come under renewed selling pressure through the end of this week. Heading into the weekend, ranges are clearly growing progressively mature and strained, while a few crosses have already made the intial push for a breakout. A resolution to this congestion period must come...
FX Thoughts for the Day
AUD-USD @ 0.6217/19...Long term range of 0.60-0.70. Aussie has risen sharply taking Support of the 8-SMA on the hourly chart during the Asian and European session and now has started to come off the highs of the day. Overall Aussie would consolidate between 0.60 to 0.70 in the longer term....
Daily Technical Strategist
While EUR remains trapped in its triangle pattern as well as the 1.2330 and 1.3298 levels, break out of the mentioned triangle continues to dominate the pair's price action. Break of the 1.2330 level is envisaged to be triggered as its present consolidative moves remains corrective of its decline started...
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
Markets Rally On Geithner Nomination For Treasury
While it is not official, the financial press is reporting that President-Elect Barack Obama will be tapping New York Federal Reserve Bank President Tim Geithner as the new Secretary of the Treasury. Geithner was a U.S. Treasury Department official under both Robert Rubin and Lawrence Summers and has been with...
Obama Taps New York Fed Governor To Replace Treasury Secretary Paulson
NBC News has reported that President-elect Barack Obama has made his pick for the Treasury Secretary position when the regime change occurs. Filling in for Henry Paulson - who currently holds the role - Obama plans to appoint current New York Federal Reserve Governor Timothy Geithner. Geithner has played a...
Currencies Soar on Reports that Obama Picks Timothy Geithner as Treasury Secr...
On a day when the market had nothing to be happy about, the leak of President-elect Barack Obama's Cabinet announcements have erased one major uncertainty for the financial markets, helping equities and currencies recover. The NY Times reports that Hillary Clinton has accepted the post of Secretary of State and...
USD Recovers from Overnight Selling
The greenback fell sharply against the majors early in the Friday session before regaining its footing by the New York afternoon. The dollar briefly fell to 1.5059 against the sterling and 1.2636 versus the euro. Trading in the foreign exchange market remained choppy and volatile, benefiting the Japanese yen amid...
Currency Pair Overview
It was a relatively quiet day in the markets (for a change) in part because no new economic data was released in the U.S. Goldman Sachs downgraded its estimates of 2009 GDP and said that the unemployment rate could reach 9% by the second half. The Euro (Eur/Usd) advanced 150...
Newsfeed display by CaRP