Learn Forex Introduction - Learning Guide

Forex, Spot Forex are the many names used to describe the online market.

Spot Metals, Silver and Gold, Commodities, Futures, Stock Indices, Cryptocurrencies and CFDs - Contracts for Differences being the latest addition of financial instruments being transacted alongside spot 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 system attached to a currency chart, this system is used to generate Forex signals. This is one of basics learn Forex topics that you will learn from this online Forex training website. As shown on the example below, the trendline shows the general direction of the currencies, & the indicators are used to generate what is called signals.

All the Courses and concepts are accompanied by numerous snap shots that show real charts examples of the concepts explained so as to help you learn online forex trading Step By Step. This makes it easier for beginners to grasp the concepts explained with ease. The snap shots on this web site that are used to explain are worth a thousand words. If you want to be trained in Forex the online markets, this is a good website to teach you & help you study.

As an online introduction Forex training website for beginner traders wanting to learn Forex, this website is designed to help new beginners discover methods, provide Forex tools, Forex information and the required resources to those who want to gain more knowledge of how the market works & become skilled at it. All lessons are arranged in a systematic manner to help you easily navigate the lessons.

This Forex tutorial will take anywhere between days to weeks to complete, that should be good enough time to study the basics and also develop a Forex strategy to use. In that time you should begin making some profits on your practice trade account; the demo account is an account where a beginner trader can practice without depositing money, on this trading account a trader can practice for any amount of time they want & if their strategy proves to be profitable, one can then open a live account & start real trading. You may also want to open an account early as the process can take 4 weeks meanwhile you continue studying: You can also read the account opening procedure article.

This Learn website is divided into 4 different learn Forex sections, namely:

Learn Forex Basics Lessons:

On this website, the training tutorials have been put together in a systematic format to explain to beginners how to start Forex trading, from the basics to the more complex strategies used by experienced currency traders. All these lessons are combined to form a complete Forex training course that offers the fastest way to learn. These lessons will help you gain all the knowledge that you require step by step. These tutorials can be found at the main navigation bar of this website.

There is a total of about 100 free lessons on this Forex education website that have been divided into these three categories, starting with the FX Basics, Analysis & Key Concepts. You do not need any other Forex classes or any other online Forex school - this website has compiled all the tutorials required from the beginner lessons to the advanced topics.

For a beginners asking what is the way to study Forex trading quickly - The lessons have also been divided into three sections to help you learn as fast as possible, (these tutorials are located at the main navigation menu:).

1. Basics - Beginner Traders Education

These FX basics for beginners lessons cover all the basics, including the definition of terms, Pips, spread, lots and contracts and topics about reading Forex quotes, how currencies are traded in pairs known as currency pairs, types of accounts and practice demo trade accounts. It's good to start with these tutorials located at the main navigation menu & Our Homepage, arranged from the first lesson to the last lesson.

2. Analysis

After completing the basics tutorials, Technical analysis lessons will follow, these tutorials cover a wide range of strategies, ranging from price action method, drawing of trendlines & channels, charts, candle-sticks charts, patterns, Fib and divergence setups. These are some of the popular tutorials, used by most to analyze the price trends.

3. Key Concepts Forex Guide

Key concepts tutorial covers some of the more advanced lessons, some of the favorite topics include; Forex leverage & margin, equity money management methods, systems, generating signals, most active hours & when not to transact currencies, US Dollar Index, online brokers and psychology. Key Concepts discusses the more advanced lessons used, reading & understanding these tutorials will determine if you make money or not in the currency exchange market. Topics such as Equity Management and leverage margin are must learn topics for all beginners.

These learn Forex for beginners guides have been comprehensively summarized to provide beginners with all the knowledge and skills that are required when trading in currency markets online.

Forex Strategies:

When you want to learn how to formulate your strategy, you need to use technical analysis, without this, you would have no foundation to define your trading strategy. Remember that technical analysis is a very wide lesson where one is required to study many tutorials. This section shows examples of simple strategies that can also be combined together to form other advanced strategies.

The most popular ones are discussed within the strategies section, these include RSI, Stochastic, Moving Average Indicator, MACD and Bollinger ##BandsBand indicator based strategies. All these have explained the numerous concepts used, these Forex strategies are a good base from which to educate yourself and become skilled and formulate your own strategy. It's hard for beginner traders to come up with their own systems when they don't even know what Forex is or they don't even know who is a online broker or what a platform is, that is why you should begin by finding out as much information so that you don't make the common mistakes made by beginners.

The technical analysis used in forex is the same as that used for Equity and Stocks Trading. The only difference between the two is that the online forex is open 24 hours a day and Stocks market is only open for 9 hours a day.

The trading strategies section of this web site found either on the homepage or at the main navigation bar just below the website 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 not only expand your knowledge of the currency exchange market but will accelerate your learning curve.

If you want to make your own strategies which works, you as a trader need to form a basic and simple strategy and then develop it over time. Learning & improving is the key to everything in FX. Most people begin with simple Forex systems and then develop them over time.

Technical Indicators:

Traders use these Forex indicators to form their strategy; each is different from the other. There is a total of about 100 technical indicators discussed within this section that can be found at the main navigation menu. This section will cover and explain each indicator individually and show you the technical analysis that is used to generate a buy or sell signals when trading.

Signals are generated using indicators, It's good to know all of these to determine which one is suited for your method. The most popular ones are:

Moving Average Indicator
RSI
Stochastic
ADX - Average Direction Movement Index
Bollinger ##BandsBand
MACD

Online Forex Brokers:

Currencies are transacted through online currency brokers. To start you must first of all find a good one, download their platform to transact with.

From the online broker you can download the platform softwares & register for a free demo practice account.

Brokers offer free software to sign in and connect to transact currencies. These software programs are known as platforms. These platforms draws and plots graphs of price movements, this graphical representation of price is known as a chart and can be found on these online platforms. MT4 online platform software training tutorials can be found at the main navigation menu.

Economic Calendar

Fundamental analysis is used to predict short-term as well as long-term trends. Apart from the reports that you receive from the fundamental indicators, you also need to look at the news releases and the reports coming out of important economic meetings. These reports & commentary coming out of these meetings can affect the prices and careful traders will always look for these.

The 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 & all traders look at them when they are announced. That is why you must know what these reports are and when they are released by looking at an economic calendar. Most who don't know about these news reports often see major price movements without knowing where these 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're always ahead in your Fundamental Analysis. You can access the Economic Calendar from online news networks. You also can follow the schedule of the news reports timetable that is released well before the actual time when the news reports are announced.

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 strategy. You'll be in a better position to take advantage of these news reports.

The Five Steps for Starting for Beginners

Step 1: Learn Basics & Currency Terms

FX basics - Forex trading for novice traders topics
Forex terms
Major currency pairs
How to read a Forex quote
Online charts
How to place buy & sell transactions
Practice Forex demo account

Step 2: Analysis Tutorial

Charts - candles charts an how to analyze charts
Trends - upward trend and downward trend
About Fibonacci retracements & Fibonacci expansion levels

Step 3: Key Concepts

Forex trading with Leverage & margin
Forex Money management
Stop loss setting
Forex hours
The times to transact and multiple time frame method
Systems and writing journals
Psychology
US Dollar Index - USDX
About Brokers
trading plan example

Step 4: Open a free practice trading account and start training with this demo demo using your system for a period of one month until you start to make Forex profits. While at the same time keep reading this Forex guide and the lessons on this Forex trading site. This tutorial will also help you improve your skills using the free practice demo account that you open with your currency broker and this way you will be practicing with virtual currency.

Step 5: Open a real account & begin trading FX.

To begin real online trading you will first need to open a Real account and deposit Forex funds, below is an example of how a account looks like: