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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
Technical Analysis
January Month-End Rebalancing
Often you may hear about 'month end' flows having a positive or negative effect on a currency during the last few days of the month. Thus, I've decided to take a look at asset market capitalizations in the major market economies to help us try to determine which direction these
GBP/USD Forms Double Top as Market Breaks 1.5660
The GBP/USD has been resilient, but the bull run since 1/27 Asian-European session could not clear the 1/26 high at 1.5733. After the US stock market opened at 9:30 AM EST, the GBP/USD started to turn around, and in the following hour candle is falling back toward the previous session’s
USDJPY: Bears Take Control, Risk Seen Towards The 76.54 Level
USDJPY: The pair is now on a second day of sell off following its failure to continue its recovery strength started from the 76.54 level. It looks like USDJPY could be building up downside momentum with the possibility of returning to the mentioned support at 76.54 level, its Jan 17'2012
USD/CAD Falls Below Parity with First Support Pivot at 0.9883
The 4H USD/CAD continues it's decline below triangle support and below a support area around 1.0070. In the 1/27 Asian-European session, it is confirming the bearish outlook after a brief pullback in the previous US Session. The RSI shows persistent bearish momentum since breaking below the triangle, as the reading
EUR/USD Bounces off 1.3077 Pivot; Bullish Momentum Intact with Room to 1.32
The corrective decline yesterday did not last long as the market found support in the 1/27 Asian session at the 1.3075-1.3080 pivot area seen more clearly in the 4H chart. The 1H chart shows that this was between 38.2% and 50% retracement of the latest upswing from 1.2930 to 1.3183.
Newsfeed display by CaRP
Fundamental Analysis
It's all Greek to me
Eurozone debt markets continued to show signs of further stabilization as Greek/private sector bondholder (private sector investors or PSI) negotiations continued to stumble along with repeated promises that a deal was soon to be reached, possibly over this weekend. The debt swap deal is a prerequisite to Greece receiving the
Signs of Cyclical Turn?
Equities followed the now familiar pattern of 2012: a more cautious close following earlier gains. Nevertheless US, Euro area and UK bourses looked like closing another week in positive territory, a further testimony to the wider improvement in risk sentiment this year. Unless the last days of the month see
Weekly Focus: Dovish Fed Keeps All Options Open
The Fed statement was surprisingly dovish in light of recent encouraging US data. We now do not expect Fed to hike the fed funds rate until mid-2014. In the euro area better-than-expected PMIs suggest that the recession will be relatively mild. Japan?s trade balance showed a deficit for 2011 as a whole
US: A Soft GDP Report, QE3 More Likely
While growth disappointed in Q4 we still see scope for growth in the area of 2.5% in 2012. Consumption growth is underpinned by decent income growth as employment is picking up and inflation has come down. And exports are likely to recover as export markets are recovering slowly. Corporate investment
Does Weaker GDP Mean Pricing in QE3 and A Weaker USD
Today's US GDP data was interesting in that it came in weaker than expected and breaking down the report we see that personal consumption was pretty soft and much of the gain in the fourth quarter came from the restocking of inventories. Therefore with a soft GDP report the usual response
Newsfeed display by CaRP
Technical Analysis
January Month-End Rebalancing
Often you may hear about 'month end' flows having a positive or negative effect on a currency during the last few days of the month. Thus, I've decided to take a look at asset market capitalizations in the major market economies to help us try to determine which direction these
GBP/USD Forms Double Top as Market Breaks 1.5660
The GBP/USD has been resilient, but the bull run since 1/27 Asian-European session could not clear the 1/26 high at 1.5733. After the US stock market opened at 9:30 AM EST, the GBP/USD started to turn around, and in the following hour candle is falling back toward the previous session’s
USDJPY: Bears Take Control, Risk Seen Towards The 76.54 Level
USDJPY: The pair is now on a second day of sell off following its failure to continue its recovery strength started from the 76.54 level. It looks like USDJPY could be building up downside momentum with the possibility of returning to the mentioned support at 76.54 level, its Jan 17'2012
USD/CAD Falls Below Parity with First Support Pivot at 0.9883
The 4H USD/CAD continues it's decline below triangle support and below a support area around 1.0070. In the 1/27 Asian-European session, it is confirming the bearish outlook after a brief pullback in the previous US Session. The RSI shows persistent bearish momentum since breaking below the triangle, as the reading
EUR/USD Bounces off 1.3077 Pivot; Bullish Momentum Intact with Room to 1.32
The corrective decline yesterday did not last long as the market found support in the 1/27 Asian session at the 1.3075-1.3080 pivot area seen more clearly in the 4H chart. The 1H chart shows that this was between 38.2% and 50% retracement of the latest upswing from 1.2930 to 1.3183.
Newsfeed display by CaRP
Fundamental Analysis
It's all Greek to me
Eurozone debt markets continued to show signs of further stabilization as Greek/private sector bondholder (private sector investors or PSI) negotiations continued to stumble along with repeated promises that a deal was soon to be reached, possibly over this weekend. The debt swap deal is a prerequisite to Greece receiving the
Signs of Cyclical Turn?
Equities followed the now familiar pattern of 2012: a more cautious close following earlier gains. Nevertheless US, Euro area and UK bourses looked like closing another week in positive territory, a further testimony to the wider improvement in risk sentiment this year. Unless the last days of the month see
Weekly Focus: Dovish Fed Keeps All Options Open
The Fed statement was surprisingly dovish in light of recent encouraging US data. We now do not expect Fed to hike the fed funds rate until mid-2014. In the euro area better-than-expected PMIs suggest that the recession will be relatively mild. Japan?s trade balance showed a deficit for 2011 as a whole
US: A Soft GDP Report, QE3 More Likely
While growth disappointed in Q4 we still see scope for growth in the area of 2.5% in 2012. Consumption growth is underpinned by decent income growth as employment is picking up and inflation has come down. And exports are likely to recover as export markets are recovering slowly. Corporate investment
Does Weaker GDP Mean Pricing in QE3 and A Weaker USD
Today's US GDP data was interesting in that it came in weaker than expected and breaking down the report we see that personal consumption was pretty soft and much of the gain in the fourth quarter came from the restocking of inventories. Therefore with a soft GDP report the usual response
Newsfeed display by CaRP