Trend lines - how to trade them: ‘Trend’ is a term used to describe prices moving in the same direction over time. When prices are generally rising, this is known as an uptrend, and when they are falling, this is a downtrend. Prices tend to trend only 20-30% of the time, which means that the remaining 70-80% they are trading in a range...

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What time-frame should I look at on a chart? This depends on your trading strategy and how long you like to keep your deals open for. Available time-frame views usually include: tick-by-tick; 1, 5, 15 and 30 minutes; 1, 2 and 4 hours; 1 day and 1 week. A day trader would normally start by looking at a longer time-frame to gauge the...

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Charts: Charts are a major tool in Forex trading. A Forex chart is a graph representing the movement of market prices during a specific time period. There are many kinds of charts, each of which helps to visually analyze market conditions, identify behavioral patterns, and assess and create forecasts. When traders perform technical analysis, they usually overlay lines on a chart and apply...

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Technical analysis is the study of historical price movements by using charts in order to predict future price movements. Charts, and all the various technical analysis indicators that can be applied to them, are essential tools for traders. In its most basic form, technical analysis helps you to identify entry and exit points for your trading.Charts are a major tool in Forex trading....

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Correlation is a statistical term describing the relationship between two variables. Professional forex traders have long known that trading currencies requires looking beyond the world of forex, because currencies are moved by many factors - supply and demand, politics, interest rates, economic growth, and so on. More specifically, since economic growth and exports are directly related to a country's domestic industry, it is...

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This number represents the difference between the values of goods and services that a country exports and the value that it imports them at. A surplus occurs if the value of exports is greater than the value of imports, and a deficit occurs if the value of imports is greater than the value of exports. It is in a country’s interest to export...

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Without people who work, there would be no economic activity. For this reason, unemployment is an important gauge of the health of a country’s economy and the pace of its economic growth. Increasing unemployment (or decreasing employment, as it is sometimes also referred to as), has a negative effect on a country’s economic growth, while decreasing unemployment (or rising employment) is seen as...

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High inflation erodes the value of a currency and is therefore considered very bad for any economy in most circumstances. Central banks normally target an inflation level of around 2-3%, and if their target is exceeded, they usually take action to get back to the desired levels. When inflation is high, the market begins to expect that central banks may increase interest rates,...

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A country’s Gross Domestic Product is the value of all goods and services produced within a country in a given time period. It represents the health of a country’s economy, High inflation erodes the value of a currency and is therefore considered very bad for any economy in most circumstances. Central banks normally target an inflation level of around 2-3%, and if their...

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Interest rates are perhaps the single most important indicator when it comes to determining a currency’s long term value. In fact, most other economic indicators affect a currency’s exchange rate because they imply a potential change in interest rates. Central banks usually announce interest rates every month, with the whole Forex market closely watching to see what they will do. By adjusting interest...

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Fundamental analysis can be defined as the study of a country’s economic and financial performance in order to determine the fair market value and future direction of its currency. Fundamentals focus on factors that determine exchange rates, such as countries’ economic health, political stability, and environmental events. A popular way to gauge the health of a country’s economy is through looking at its...

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If you are day trading, you usually hold your position open anywhere from a few minutes to a few hours and generally not longer than a day - hence the name, “day trading”. A medium-term trader will look to get the general market direction right and profit from more significant currency rate moves. This kind of trading requires many of the same skills...

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Stop Loss and Take Profit Setting a stop loss is a way to limit your risk. You decide upfront what your maximum loss could be by choosing the stop loss rate. If the market reaches that rate, your deal will be automatically closed. Since you are the person setting the rate, you are in control of your investment. Setting a take profit rate...

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Through the use of leverage, traders are able to invest a small amount of money and trade much larger deal sizes. This is useful because the movement in currency rates can be very small, and larger trades represent larger profits/losses for every pip change in the rate. Leverage allows you to trade with more money than you have in your account, because you...

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The forex market is bi-directional, meaning that you can trade both ways. You can buy or sell depending on your strategy. ‘Long’ means to buy, and you will go long when you are looking for prices to appreciate, or rise. If you are going ‘short’ you are selling because you are looking for prices to fall. Going short is just as common in...

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What is a spread?  When looking to trade a currency there are always two prices. On the currency table (from the previous page) the price you can buy for is on the right side and is called “the ask or the buy “price. The price you can sell at is on the left side and is called the bid or the sell price....

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What is a pip?   One pip is the smallest unit of change in price. It stands for ‘percentage in point’. Because most currency pairs are quoted with four decimal points, one pip usually equals 0.0001 but there are some currency pairs such as the USD/JPY where 1 pip equals 0.01. ...

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How do I start trading? It’s simple. Register with Forex broker online and deposit the amount you wish to invest into your account. Different payment types which vary according to the region you live in. Generally, Deposits do via most major credit or debit cards, bank wire transfers and e-wallets. Contact your account service manager through Live Chat or email, to find out...

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How risky is Forex trading? While Forex trading is risky, the risk can be minimized through the use of various controls you can put in place. For example, through setting a stop loss, you ensure that you cannot lose more than the amount you decide to risk on a trade (also called your ‘margin’). In this way, your loss is capped while your potential...

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Where I can Trade?  Online, anywhere, anytime, on the device of your choice. You have full control to monitor the status of your trades, modify the terms of your open deals, close deals, or withdraw profits. The ability to access your deals 24/7 is a great benefit of online trading. How do I make a profit? You can profit from Forex trading by...

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Who trades? There are two parties involved in an online forex deal: you as the trader and the market maker, A market maker is a company that facilitates trading by offering an ask and bid price on a currency, literally making the market for traders to trade in. Individual forex traders like you make up the fastest-growing segment of the global forex market....

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Where I can Trade?  Online, anywhere, anytime, on the device of your choice. You have full control to monitor the status of your trades, modify the terms of your open deals, close deals, or withdraw profits. The ability to access your deals 24/7 is a great benefit of online trading. How do I make a profit? You can profit from Forex trading by...

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What is the Forex market? The Forex market is the world’s most exciting and dynamic market. With $4 trillion traded every day, it is also the largest financial market in the world. Forex (or FX) stands for ‘foreign exchange’ which a traveller will know as the currency that you buy when visiting another country. For example, you may sell euros and buy dollars for...

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Congratulations! You have taken your first step towards becoming a forex trader. We are pleased to provide you with this forex education book for beginners that will help you learn about the forex market, explain the history of forex and give you some great tips and strategies for trading success. Education is the key to successful trading and with almost $4 trillion traded...

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Get Started in Forex World Largest Trading Market Get Started in Forex World Largest Trading Market ...

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What is Forex Trading Forex Trading is also known as foreign exchange or currency trading, forex is one of the most traded markets in the world. In forex trading, traders hope to generate a profit by speculating on the value of one currency compared to another. This is why currencies are always traded in pairs—the value of one unit of currency doesn’t change...

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 Learn Forex Trading and Start Earning Today  ...

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