Learn to Trade Forex
On this web site the forex lessons provide easy to understand information about forex trading, how forex works, fundamental analysis, technical analysis and a list of indicators used to trade currencies. These concepts will help beginner traders to learn about forex concepts which are required to get started in Forex.
This tutorial will explain to the trader the insights of the trading market. This tutorial will explain the details of how the forex market works. The Forex basics will also be explained in this tutorial so as to give the beginner traders a good start in trading.
In Forex there are two analysis method used to analyze currency market moves. These methods are Fundamental analysis & Technical analysis. Most traders choose one method to follow that method when analyzing when to buy or sell currencies.
Technical analysis traders will use forex charts to determine when to buy or sell a currency pair. Technical traders will need to learn understand different chart types and how to determine market trends from this chart types.
Technical traders will also use indicators which will be used to figure out the trend of the market. A list of indicators and how to analyze the forex market using these indicators will be covered on the indicators section of this website.
The Following are the basic concepts beginners require to learn before starting to trade the market.
How Does Forex Work?
Forex trading is the buying and selling of one currency in exchange for another currency in order to make profit.
Forex Terms
Traders will need to learn understand the common trading terms used in forex. Terms like currency pair, currency charts, platform, forex quotes, technical analysis, margin & leverage. These trading terms will be discussed on this learn forex site on the learn forex lessons, basics tutorials section.
Fundamental Analysis
This is the study of price movement in relation to the economic situation of a country. Fundamental analysis is where traders will open trades after economic new data has been released and traders will open a buy or sell trade depending on if the economic report released is good or bad.
Analysis in FX Trading
Technical analysis is study of price movement in relation to chart trends and market trends. The market trend is the general direction of a currency pair and technical analysis is the study of the momentum of these market trends.
Indicators
Technical indicators are used to determine the general direction of the currency market as well as determine the momentum of the currency market trends. Technical indicators list is covered in the indicator section of this website.
Forex Trends
A trend is the general market direction of a currency pair. The forex trend shows the market momentum of a currency pair. When currency pairs start moving in one direction the currency pairs continue moving in that direction for some time.
Traders must learn how to determine the trend direction of currency pairs in order to know which direction to open trades in. Trends can be determined by drawing trend lines on the currency charts. Trend lines will show the general market direction of the currency market if it is up or down and if a trader should open a buy or a sell trade.
Currency Charts
Currency charts are used to plot the price movement in the form of a chart representation. This graph representation is used by traders to determine the future direction of price movement of a currency pair.
Orders
These are the various types of orders that are used to trade the forex market and to open trade transactions in the market. Traders should learn about these orders in order to know which order to open when they want to open a buy or sell trade.
How to Learn Forex
After traders learn about these forex trading basics, traders can find more data about these trading topics in the forex lessons section of this web site, traders should then open practice forex accounts & use these practice accounts to learn more about how to trade the trading market. With a demo account traders can practice the various concepts and trading strategies that they learn & they can learn & practice forex until the time when they start making profits in their demo accounts after which they can then open real accounts & start trading the real market.
