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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
The Daily Forecaster: USDJPY
Well the losses were deep yesterday and below 94.46 which opens the way for a dip in a final Wave c. The way things progressed yesterday it seems as if the initial 1.6430 low was Wave a and the 96.23 high was Wave b. This provides a wave equality target...
Daily Technical Analysis
The EURUSD attempted to make another upside correction yesterday, topped at 1.2593 but further bullish momentum was rejected as the pair whipsawed to the downside bottomed at 1.2434 and closed at 1.2454. We have seen triangle formations on hourly and 4h chart lately and now we have another triangle on...
Looking For Short Opportunities In The GBPJPY Range
Over the past 12 hours the British pound has been under significant pressure; but not because of any specific scheduled event risk. Instead, the outlook for the UK economy and its benchmark lending rate has been the primary driver of the single currency's sharp decline. Though speculation has no doubt...
FX Technical Commentary
Euro 1.2445 Initial support at 1.2435 (Nov 20 low) followed by 1.2389 (Nov 13 low). Initial resistance is now located at 1.2564 (Nov 20 high) at followed by 1.2814 (Nov 19 high)
EUR/JPY - Recession Trade
I have long said that EUR/JPY is one of my favorite recession trades. With the Eurozone in a recession and the need for the European Central Bank to step up to the plate and lower interest rates, the rate differential between the Euro and Japanese Yen will close and close...
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
Stocks Crash After Democrats Send The Automakers Home Empty Handed
Overall: Some of the major pairs started to trend in the European session, despite the currency market coming to a standstill during the Asian trading hours. The dollar and the yen are stronger as the entire market is in risk aversion mode, closely following the developments in the equity markets....
Will The Bank Of Japan Lower Rates?
The Bank of Japan is expected to release their interest rate statement sometime this evening. Governor Shirakawa will be very reluctant to return the interest rate to zero because the policy may discourage lending rather than encourage it. The Bank cut rates by 20 basis points at its last meeting...
Friday's Upcoming Economic Releases
The first is the tentatively scheduled press conference from the Bank of Japan. Earlier in the evening the bank will release their overnight rate which is expected to stay on hold at 0.30 percent. This release will be their press conference in response to the statement. It will cover the...
US Stocks Extend Slump, USD Extends Rally
U.S. Dollar Trading (USD) strengthened on the back of rising risk aversion as stocks came under severe selling pressure. New 11 ½ year lows on the S&P were seen as concerns about the looming recession weighed. Weekly Jobless Claims jumped to 542K vs. 505K expected. Also released Philadelphia Fed in...
USD/CAD: Trading The Canadian Consumer Price Index
Prices pressures in Canada are expected to weaken further as economists forecast the consumer price index to slip to an annual reading of 3.1% from 3.4% in September. Falling oil prices paired with the slowdown in the economy has certainly helped to curb the upside risks for inflation, and may...
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
The Daily Forecaster: USDJPY
Well the losses were deep yesterday and below 94.46 which opens the way for a dip in a final Wave c. The way things progressed yesterday it seems as if the initial 1.6430 low was Wave a and the 96.23 high was Wave b. This provides a wave equality target...
Daily Technical Analysis
The EURUSD attempted to make another upside correction yesterday, topped at 1.2593 but further bullish momentum was rejected as the pair whipsawed to the downside bottomed at 1.2434 and closed at 1.2454. We have seen triangle formations on hourly and 4h chart lately and now we have another triangle on...
Looking For Short Opportunities In The GBPJPY Range
Over the past 12 hours the British pound has been under significant pressure; but not because of any specific scheduled event risk. Instead, the outlook for the UK economy and its benchmark lending rate has been the primary driver of the single currency's sharp decline. Though speculation has no doubt...
FX Technical Commentary
Euro 1.2445 Initial support at 1.2435 (Nov 20 low) followed by 1.2389 (Nov 13 low). Initial resistance is now located at 1.2564 (Nov 20 high) at followed by 1.2814 (Nov 19 high)
EUR/JPY - Recession Trade
I have long said that EUR/JPY is one of my favorite recession trades. With the Eurozone in a recession and the need for the European Central Bank to step up to the plate and lower interest rates, the rate differential between the Euro and Japanese Yen will close and close...
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
Stocks Crash After Democrats Send The Automakers Home Empty Handed
Overall: Some of the major pairs started to trend in the European session, despite the currency market coming to a standstill during the Asian trading hours. The dollar and the yen are stronger as the entire market is in risk aversion mode, closely following the developments in the equity markets....
Will The Bank Of Japan Lower Rates?
The Bank of Japan is expected to release their interest rate statement sometime this evening. Governor Shirakawa will be very reluctant to return the interest rate to zero because the policy may discourage lending rather than encourage it. The Bank cut rates by 20 basis points at its last meeting...
Friday's Upcoming Economic Releases
The first is the tentatively scheduled press conference from the Bank of Japan. Earlier in the evening the bank will release their overnight rate which is expected to stay on hold at 0.30 percent. This release will be their press conference in response to the statement. It will cover the...
US Stocks Extend Slump, USD Extends Rally
U.S. Dollar Trading (USD) strengthened on the back of rising risk aversion as stocks came under severe selling pressure. New 11 ½ year lows on the S&P were seen as concerns about the looming recession weighed. Weekly Jobless Claims jumped to 542K vs. 505K expected. Also released Philadelphia Fed in...
USD/CAD: Trading The Canadian Consumer Price Index
Prices pressures in Canada are expected to weaken further as economists forecast the consumer price index to slip to an annual reading of 3.1% from 3.4% in September. Falling oil prices paired with the slowdown in the economy has certainly helped to curb the upside risks for inflation, and may...
Newsfeed display by CaRP