How Do I Trade - Lesson for New Traders

Prior to Starting to trade the online market beginner traders will need a learn tutorial for beginners training course like this one that will help them learn about the various concepts used when trading the market.

How to research the best ways to start trading. Forex is the biggest financial market in the world. It's bigger than the US stocks market, because the daily turnover has now exceeded 7 Trillion US dollars.

Understand currencies and price fluctuations. Forex currencies are transacted in currency pairs. Choose a single currency pair and learn how to trade it until you get to know how that currency pair moves. The best currency pair is the EURUSD. Other good currency pairs are GBPUSD, USDCHF and USDJPY. These four currency pairs make up 160% of all online trade transactions. Since 2 currencies are in a currency pair the total is 200%.

About Currency Pairs Guides - Forex Guide Course for New Traders

• Market Participants - Course for Beginner Traders
• Major Currency Pairs in Forex
• Forex Currency Pair Names
• Advantages of Trading
• Interpreting Currency Quotes

Get a charting platform which allows you as a trader to see the prevailing price as it happens and make technical analysis. The most popular software is MetaTrader 4 Software. MT4 platform is easy to use, charts are well presented and the software has multiple analysis tools for a trader to choose from. MT4 platform software displays price charts on the computer screen: the charts show the current buy and sell prices of the various Forex currency pairs. The MT4 platform helps you keep track of your funds in your account by showing the account balance and also calculates profits and losses and shows this information on the software - the platform also shows how the open trade transactions opened on your account which you bought or sold are doing.

Learn Platforms - Tutorials for Beginner Traders

MT4 Software Tutorial - Forex Lesson for Beginner Traders

Download MetaTrader 4 Software

The screenshot below shows the user interface of MetaTrader 4 Software.

Learn a trading system which gives you signals of when to enter and when to exit trades. Following the markets price action is a popular method that professional traders have been using for over a hundred years before starting to use charts. Candlestick chart patterns, indicators & systems can also be used. All these methods are discussed in detail on tradeforextrading.com.

Trading Systems - Forex Guide Course for New Traders

• Creating Systems
• How to Create a Strategy
• Writing Strategy Rules
• Generating Signals
• Tips for Creating Systems
• Writing a Trade Journal
• Writing a Trade Plan
• Stochastic Trading System Example Template
• MA Cross-over Trading System

The Trading System uses the Indicators below:

Please Read The Indicators Tutorial Before Creating Your System - Forex Lesson for New Traders

• RSI Indicator
• Stochastic Oscillator Indicator
• MA Indicator
• Parabolic SAR Indicator
• MACD Indicator
• Bollinger Bands Indicator
• ADX Indicator

Example of a System - Forex Lesson for Beginner Traders

Trading System Example - Forex Lesson for New Traders

Begin with a demo training practice account before trading with real money. First start byopening a practice account & practice with this demo account, until you get to learn & understand how the market works and when you start consistently making good profits on this practice account then you can open a live account.

Account Topics - Forex Lesson for New Traders

• Types of Accounts - Course for Beginner Traders
• Practice Demo Account - Forex Lesson for Beginner Traders
• Opening a Demo Practice Account

When you register a live account, trade with your plan and learn how to manage the emotions in forex trading by learning about Market Psychology.

Market Psychology Topics

• Psychology of Traders
• Forex Psychology & Emotions
• Trade Psychology Guide-lines
• Market Psychology Principles 2