An Informative Learn Forex Trading Online Tutorial
This learn Forex trading website is an informative learn Forex training course that aims to help beginner forex traders learn how to trade the online forex market. Before starting to trade in the forex market, you should first take time to educate yourself and gain knowledge of how the forex market works.
Open a Practice Account and Start Learning Forex Trading From these Forex Training Tutorials
Setup your forex trading with this forex trading tutorial course and follow the learn forex trading lessons and learn forex tutorials explained below.
This forex trading tutorial course will help you as a beginner forex trader to learn everything that you need to get started in forex trading.
The full trading course is available as a list of learn forex step by step tutorials that forex traders can use to start learning about the online forex trading market. Each tutorial is accompanied by detailed written information describing the topics as well as examples that help to explain the forex trading concepts discussed.
Start Forex Trading - List of Learn Forex Lessons
Learn Forex Technical Analysis
Forex Key Concepts
Learning Forex Trading
Forex, Spot Forex, FX are the many names used to describe the online Foreign exchange market.
Spot Metals, Commodities, Futures, Stock Indices and CFDs - Contracts for Differences being the latest addition of financial instruments being transacted alongside spot forex currencies. These additional instruments have also been covered within this Forex website so as to fully educate the beginner trader about all the aspects of trading the online financial markets.
For example, below is a Forex trading system attached to a forex chart, this forex trading system is used to generate Forex signals. This is one of the basics learn Forex topics that you will learn from this online Forex training website. As shown on the example below, the forex trend line shows the general direction of the forex currencies movement, and the indicators are used to generate what is called forex signals.
All the Learn Forex Lessons and Concepts are accompanied by numerous snap shots and examples that show real forex trading charts examples of the forex concepts explained so as to help you as a beginner forex trader to learn online forex trading Step By Step. This makes it easier for beginners to grasp the forex concepts explained with ease. The snap shots and examples on this site that are used to explain are worth a thousand words. If you want to be trained in Forex trading the online markets, this is a good learn forex website to teach you and help you study and learn about the online forex trading market.
As an online introduction Forex training website for beginners wanting to learn Forex, this learn forex trading website is designed to help new beginners discover trading methods, provide Forex trading tools, Forex trading information and the required resources to those who want to gain more knowledge of how the foreign exchange market works and become knowledgeable and skilled at it. All the learn forex lessons are arranged in a systematic manner to help you easily navigate the learn forex lessons in a step by step manner.
This Forex tutorial will take anywhere between 30 and 60 days to complete, that should be good enough time to study the forex trading basics and also develop a good forex strategy to use. In 30 days you should start making some profits on your demo practice forex account; the demo forex account is an account where a beginner Forex trader can practice without depositing money, on this account a trader can practice for any amount of time they want and if their strategy proves to be profitable, one can then open a live Forex account and start real trading. You may also want to open an account early meanwhile you continue studying: You can also read the account opening procedure article.
This website is divided into 4 different sections, namely:
Learn Forex Basics Lessons:
On this learn forex tutorial website, the forex training tutorials have been put together in a systematic format to explain to beginners how to start Forex trading, from the Forex basics to the more complexforex trading strategies used by experienced forex traders. All these learn forex lessons are combined to form a complete Forex training course that offers the fastest way to learn about the forex trading market. These learn forex trading lessons will help you gain all the knowledge that you require step by step. These learn forex tutorials can be found at the main navigation menu of this web site.
There is a total of about 100 free lessons on this Forex trading education website that have been divided into these three categories, starting with the FX Basics, Forex Technical Analysis and Forex Key Concepts. This website has compiled the learn forex tutorials required from the beginner lessons to the advanced topics.
For a beginner Forex trader asking what is the way to study Forex trading - The learn forex lessons have also been divided into three sections to help you as a beginner trader learn in a step by step manner - and also to help you navigate these learn lessons, (these learn forex tutorials are located at the main navigation menu:).
1. Forex Basics - Beginners Education
These Forex basics for beginners topics cover all the FX basics, including the definition of terms, Pips, Forex spread, forex lots and contracts and topics about reading Forex quotes, how forex currencies are traded in pairs known as forex currency pairs, types of Forex accounts and practice forex demo accounts. It is good to start with these learn forex tutorials located at the main navigation menu and Our Homepage, arranged from the first lesson to the last lesson.
2. Forex Technical Analysis
After completing the basics tutorials, Forex Technical analysis topics will follow, these technical tutorials cover a wide range of strategies, ranging from price action method, drawing of forex trend lines and channels, Forex charts, forex candlesticks charts, forex chart patterns, Fibonacci Indicator and forex divergence tradingsetups. These are some of the popular topics, used by most forex technical analysis traders to analyze the price trends.
3. Forex Key Concepts
Key concepts tutorial covers some of the more advanced forex topics, some of the favorite topics include; Forex leverage and margin, money management methods, Forex systems, generating Forex trading signals, most active forex hours and when not to transact forex currencies, US Dollar Index, online Forex brokers and forex trading psychology. Forex Key Concepts discusses the more advanced forex topics used, reading and understanding these forex key concepts tutorials will determine if you make money or not in the foreign exchange market. Topics such as Money Management and leverage margin are must learn topics for all beginners.
These learn Forex for beginners tutorials have been comprehensively summarized to provide beginners with all the knowledge and skills that are required when trading in the Forex currency markets online.
Forex Trading Strategies:
When you want to learn how to formulate your Forex trading strategy, you need to use forex technical analysis, without this, you would have no foundation to define your forex strategy. Remember that forex technical analysis is a very wide topic where one is required to study many topics. This section shows examples of simple forex trading strategies that can also be combined together to form other advanced Forex strategies.
The most popular ones are discussed within the strategies section, these include RSI, Stochastic, Moving Average, MACD and Bollinger Bands indicator based strategies. All these have explained the numerous concepts used, these FX strategies are a good base from which to educate yourself and become skilled and formulate your own forex strategy. It is hard for Forex trading beginners to come up with their own forex trading systems when they don't even know what Forex is or they do not even know who is a Forex broker or what a Forex trading platform is, that is why you should start by finding out as much information so that you do not make the common mistakes made by Forex beginners.
The forex technical analysis used in forex trading is the same as that used for Equity and Stocks Trading. The only difference between the two is that the online foreign exchange is open 24 hours a day and Stocks market is only open for 9 hours a day.
The forex trading strategies section of this website found either on the homepage or at the main navigation bar just below the site name at the top of this website.
Each strategy is accompanied with numerous examples of screenshots; from price charts like the one below. These Forex strategies will help expand your knowledge of the forex technical analysis of these forex strategies.
If you want to develop your own strategy that works, you need to form a basic and simple strategy and then develop it over time. Learning and improving is the key to everything in Forex. Most people start with simple FX systems and then develop them over time.
Technical Forex Indicators:
Forex Traders use these Forex indicators to form their forex trading strategy; each forex indicator is different from the other. There is a total of about 100 forex technical indicators discussed within this forex indicators section that can be found at the main navigation menu. This forex technical indicators section will cover and explain each indicator individually and show you the technical analysis that is used to generate buy or sell signals when using these forex technical indicators.
Signals are generated using indicators, It is good to know all of these to determine which one is suited for your method. The most popular forex indicators are:
- Moving Average
- Stochastic Oscillator
- ADX - Average Direction Movement Index
- Bollinger Bands
Online Forex Brokers:
Currencies are transacted through online forex brokers. To start you must first of all find a good one, download their platform to transact with.
From the broker you can download the software platforms and register for a free demo account.
Forex brokers offer free forex trading software to login and connect to transact forex currencies. These forex trading software programs are known as forex trading platforms. These forex trading platforms draws and plots graphs of forex price movements, this graphical representation of forex price is known as a Forex Chart and can be found on these online Forex trading platforms. Forex Platform Tutorials - MetaTrader 4 online trading platform software training tutorials can be found at the main navigation menu.
Forex Economic Calendar
Fundamental analysis is used to predict short-term as well as long-term forex trends. Apart from the economic reports that you receive from the fundamental indicators, you also need to look at the news releases and the data reports coming out of important economic meetings. These data reports and commentary coming out of these meetings can affect the forex prices and careful traders will always look for these.
The forex economic reports that you need to look out for are:
- USA Non Farm Payroll
- FOMC Interest Rate Decisions
- Retail Sales
- Gross domestic product
- Consumer price index
The above news reports are major price movers in forex trading and all forex traders look at them when they are announced. That is why you must know what these economic reports are and when they are released by looking at an economic calendar. Most traders who do not know about these news reports often see major price movements without knowing where these price movements come from.
That is why you require a real time Economic Calendar that is updated within seconds of major fundamental reports so as to ensure that you are always ahead in your Fundamental Analysis. You can access the Economic Calendar from online news networks - You can also search online for free economic calendars provided by various websites online for free. You can also follow the schedule of the news reports timetable that is released well before the actual time when the news reports are announced. The economic Calendars will list a schedule of all upcoming news reports so that traders can know when certain news reports are scheduled to be released.
If you simply read these economic reports, you will get an idea about the things to come. This will help you improve your long term as well short term fundamental analysis strategy. You will be in a better position to take trade the market moves from these news reports.
The Five Steps for Starting for Beginners
Step 1: Learn Forex Trading Basics and Currency Trading Terms
- FX basics - Forex trading for beginners topics
- Forex trading terms
- Major currency pairs
- How to read a Forex quote
- Online Forex trading charts
- How to place buy and sell forex trade transactions
- Practice Forex demo account
Step 2: Forex Technical Analysis Tutorial
- Forex Charts - forex candlesticks charts an how to analyze these forex charts
- Forex Trends - upward trend and downward trend
- About Fibonacci retracements and Fibonacci expansion levels
Step 3: Forex Key Concepts
- Forex trading with Leverage and margin
- Forex money management
- Stop loss setting
- Forex trading hours
- The times to trade forex and multiple forex time frame analysis method
- Forex trading systems and writing forex trading journals
- Forex Trading Psychology
- US Dollar Index - USDX
- About Forex Trading Brokers
- Forex trading plan example
Step 4: Open a free forex demo trading practice account and start training with this practice demo forex trading account using your forex trading system for a period of one month until you start to make Forex profits in your demo forex trading account. While at the same time keep reading this learn Forex trading guide and the learn forex lessons on this learn forex trading site. This forex trading tutorial website will also help you learn about forex trading and your forex demo practice account will also help you practice and improve your skills as you continue practice trading using the free practice demo account that you open with your forex currency broker. Using a forex demo account you will be practicing trading with virtual currency. Forex demo accounts use virtual currency to execute forex trades on the demo environment - this way a forex beginner trader can practice using virtual currency as they continue learning about how the forex market works.
With a forex demo account forex traders can also learn how to place forex trades using the forex trading platforms trading orders. Forex traders can also learn how to use forex charts provided on the forex trading platform. Forex traders can also learn how to navigate the forex trading platform and learn how to use the forex platform to trade forex using this forex pracice demo account provided by their forex broker
Step 5: Open a real trading account and start trading FX.
To start trading real online forex trading you will first need to open a Real Forex trading account and deposit funds, and then after that you can start trading the real forex trading market using this forex real account also known as forex live account.
Step by Step Procedure of How to Open a Forex Trading Account
To open this live forex trading account, a trader has to fill some forex account opening forms provided by a Forex trading broker. The account opening forms can be obtained from your forex trading broker.
The step by step procedure of opening a forex account is explained in this article: How to Open a Forex Account.