Forex for a trader
Free forex trading resources

Free forex trading resourcesCurrency Correlation. Daily Technical Analysis. The information on this site is not intended for use by, or for distribution to, any person in any country or jurisdiction, where such use or distribution would contravene the local law or regulation. EU Regulation :Deltastock AD is fully licensed and regulated under MiFID. The company is regulated and authorised by the Financial Supervision Commission (FSC), Bulgaria. Licence No: RG-03-0146. Your IP Address is Copyright © 1998- 2018 Deltastock AD. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Free Forex Trading Resources. Trading on the Foreign Exchange Market is a rewarding, yet challenging endeavor. A trader can never be too informed or have too many useful insights.

Successful traders are always learning and growing. Trading on the Foreign Exchange Market is a rewarding, yet challenging endeavor. A trader can never be too informed or have too many useful insights. Successful traders are always learning and growing. Finding useful resources that provide good information, solid advice, andor proven concepts is sometimes difficult to do. There is much information out there that is, at best, irrelevant, and at worst, erroneous. Here is a list of helpful resources provided by a trustworthy source with a proven record of long-term success in the Forex market. The best thing about these resources is not that they are FREE (which they are), but that they are VALUABLE. Learn how one of the leading authorities on Forex Live-on-the-News trading enters trades with crucial timing and consistent success. Free Guide to trading Forex Live-on-the-News. The leading expert in the industry takes you by the hand and guides you step-by-step through the tremendously successful strategy of trading Forex Live-on-the-News. Forex Trader Community and Forum. Get connected with fellow traders. Share ideas. Ask questions. Discuss everything from Basics, to Brokers, to Bank Flow.

There is strength and safety in numbers. This community is dedicated to serious Forex traders who desire to improve their trading skills and maximize their profits. Free Trading Video Archive. Follow the charts and watch the progress of this renowned Forex trader. See trades unfold. Observe the mechanics involved. This is a great educational tool for the serious Forex trader, and a great source of insight for the curious. Every industry has its own language, consisting of words and phrases either created from within that culture, or using words and phrases in ways unique to that specific industry. Forex is no different. This helpful glossary will have you speaking the language of the Forex trader in no time. In a fast-paced, liquid market, no trader wants to be hamstrung by miscommunications.

Free Informative Article on Forex News Trading. Learn why Forex Live-on-the-News trading is the safest and easiest way to make money as a trader. Everybody loves free stuff! Especially when it adds real value to your life. We know these resources will do just that. tagsfree forex trading resources, forex guide, forex glossary, forex forum, forex news tradingtags Dustin is recognized as one of the top traders and education authorities in the world today. As the President of Market Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Market Traders Daily on: Twitter, Facebook, and Youtube. How to open a demo account. The information on this site is not intended for use by, or for distribution to, any person in any country or jurisdiction, where such use or distribution would contravene the local law or regulation. EU Regulation :Deltastock AD is fully licensed and regulated under MiFID. The company is regulated and authorised by the Financial Supervision Commission (FSC), Bulgaria.

Licence No: RG-03-0146. Your IP Address is Copyright © 1998- 2018 Deltastock AD. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Free forex trading resources. Forex trading is a speculative endeavor that requires knowledge, discipline, confidence, and proper money management skills. Developing a trading system matched to your trading style requires more than technical indicators and market analysis; it also requires mental and emotional discipline. Successful traders know the following to be true about trading: Know how to select the right markets and time frames. Know when to enter and exit the market based upon a trading plan. Know when to adapt a trading plan to the fluctuations of the market. Know how to manage trading activity. Know how to handle the emotional aspect of trading.

With this in mind, the goal of CompassFX is to equip traders with trading resources and tools similar to those used by professional traders and financial institutions. We offer specific trading tools and other resources to assist you in making better informed trading decisions and cultivate a greater level of confidence in your trading. These indispensable resources are available to CompassFX clients. Going the extra mile for Forex traders is simply part of what we do. We believe it's time for a Forex firm to take a stand for the average Forex trader. We believe in "leveling the playing field" and making Forex trading a more enjoyable experience. That is why we also offer free access to trade strategies, an economic calendar, an activity timetable, and daily commentary. Whatever your trade style, the CompassFX team believes you will enjoy trading with us. As traders, we need relevant information at the right time to help us make better trading decisions. This is the reason we have decided to create this page so you can get these information from the best sites. Definitely the largest forex site in the world. It has lots of information including: educational content, technical and fundamental analysis, live webnars, blogs, it even has a social network. Here are some links to the most important sections of FxStreet: FF has a very intuitive and informational forex calendar for the fundamental announcements. Even when we dont trade based on those fundamentals, its important to be aware of them because they have the potential to have some impact on our trades. It also features one of the largest forex forums. Forexpros is also one of the most important sites to get forex related news. They also have plenty of section where we could get info help us take better trading decisions.

Foreign Exchange News. Investopedia – Basic information about currency trading. This page contains links to web sites controlled by third parties (non-affiliates). StraightForex disclaims liability for, any information, products or services offered by any of the third party sites linked in this website. Forex Strategies Resources. Trading Method. Trading systems. Forex Trading-Free forex trading signal. Forex Strategies resources is a collection free resources for trading: trading method, forex strategies, binary options Strategies, trading system, indicators, chart patterns, candlestick analysis, forex e-book and use free online forex tools, free forex trading signals and FX Forecast.

In Forex Strategies Resources the best forex strategies. Now also Binary options strategies. Forex Strategies for all traders. , 5 2018 . Little Boy Trading System. for range calculation is must r u r its risk 6.i feel fundamendals (news) is the only enemy for my system. This system of sy I try Simplify: PIN BAR Forex Scalping. Forex Scalper Trading system. Ў2018 (126) Ў (6) Little Boy Trading System PIN BAR Forex Scalping Forex Scalper Trading system 5min Trend Follower 5 min Momo Trade Trading System Bollinger Bands 5 min Scalping > (30) > (66) > (24) >2017 (91) > (6) > (33) > (52) ···. Forex Strategies Resources. Forex Strategies - Forex Trading System-Scalping System-Forex Resources-Binary Options Strategies. Forex Strategies resources is a collection free resources for trading: forex strategies, binary options strategies, trading system , indicators, chart patterns, metatrader indicator , candlestick analysis, forex e-book and use free online forex tools, free forex trading signals and FX Forecast. In Forex Strategies Resources there are many scalping systems: 1 min-5min -15 min scalping system, Trend scalping system , price action scalping system, Reversal scalping system and more. The purpose of Forex Strategies Resources is to become an archive of free resources for the trading, forex trading , available to everyone . Submit your strategies, indicators, e-book at [email protected] ru (" please, do not send commercial forex strategies we like the forex strategies of the traders who sweat on the monitor with real trading.

") Forex Strategies Resources shares everything.. Forex Strategies Resources is a site continuously updated(f orex resources are many.! ) Note: This is not a newspaper site, informative, or a site of comments on financial news , but just a place where are shared ideas for trading and mathematical algorithms. Recommended Resources. This list of Forex resources contains URLs to other useful Forex sites — Forex forums, general Forex information resources, Forex signals providers and our partners. If you find a broken link, or wish to suggest one, please contact us. Automated Trading Championship — Automated Trading Championship contests by MetaQuotes, the developer of the MetaTrader trading platform. The contests were held annually until 2012. Forex Charts and Technical Analysis. Incredible Charts — A very good resource to learn everything about charts. John Bollinger's Official Bollinger Band Website — Forex screening, analytics and signals based on Bollinger Bands. Interactive charts with a wide array of technical indicators and streaming Forex news. And totally unique on BB4X. com are patent-pending 2-D and 3-D charts. MetaTrader Expert Advisor Programming — OneStepRemoved.

com specializes in programming Expert Advisors and custom indicators for MetaTrader. Forex Magnates Directory — a directory of the online Forex industry resources. Forex Forums and Community Sites. ForexFactory — a popular Forex discussion forum. Forex TSD — a Forex forum specializing in expert advisors, indicators and other tools. FXstreet — Many useful articles, constantly added expert commentaries and forecasts. rForex — Reddit community about Forex trading. CFTC — the US Commodity Futures Trading Commission, a governmental entity that implements regulation of the Forex industry in the United States. NFA — the US National Futures Association, a self-regulating organization, which monitors the activity of the Forex brokers and protects the rights of the market participants.

FCA — the Financial Conduct Authority is the main regulating institution of the United Kingdom. FSA — the Financial Services Agency is the regulator of the Japanese Forex industry. FINMA — the Swiss Financial Market Supervisory Authority. CySEC — the Cyprus Securities and Exchange Commission licenses the Forex brokers registered in Cyprus. ASIC — the Australian Securities and Investment Commission servers as a regulator of the brokers registered in Australia. FMA — the Financial Markets Authority is an agency that regulates the Forex market participants in New Zealand. Forex Signals and Market Forecasts. AceTrader - FX signal provider — provides 24-hour intraday and daily FX trading commentaries and signals. Service started on Reuters since 1989, on Internet — since 2000. Forex Social Networks. TradingView — create feature-rich Forex charts and share them with other traders. FXSTAT — a network for currency traders to share their trading account activity and for other traders to follow that activity.

Myfxbook — analyze your trading account activity and share it with fellow traders. Watch detailed stats of other traders. StockTwits — like Twitter but for financial trading posts. There are many good analysts to follow, but everything is too focused on stocks rather than currencies. Trading Stratagem — Discover your strategies and see your trading results. Trading Stratagem is an advanced tool for the management of your MetaTrader accounts. Thanks to his powerful features you are able to manage and track your strategies performance. In addition thanks to the alert system you can set specific conditions in order to be alerted and react as soon as possible. Foreign Exchange Services. exchange-rates. com — Live exchange rates, currency news and currency converter. Plus make personal and business money transfers. Forex Trading Information. Investopedia.

com — a large educational Internet resource about investing and trading. Forex trading — Forex technical and fundamental analysis, Forex charts and brokers. Forex Training with Peter Bain's Forex Currency Day Trading Course — Forex training course and Forex services by professional Forex traders. Online Forex Trading — We talk about currency exchange using online platform, Forex software and trading systems. MaxProfit — MaxProfit Trader's Diary is a transaction journal for keeping trading statistics with a simple and intuitive user-friendly interface. MaxProfit - # 1 Trader's Diary for successful traders! Free forex trading resources. The average daily forex trading volume currently exceeds $1.9 trillion. With so much on the line, we’ve put together a list of our favorite 100 forex resources to help you become a knowledgeable forex trader.

The following resources were chosen for the quality of information and training tools offered. Although some of these tools are located on commercial sites, you’ll find value in materials produced by professionals. Other sites were chosen for the resources that they offered for a price (like books), but they’re all geared specifically toward the forex trader. The chosen sites are written in the English language, but some individuals, businesses, and organizations are located in areas other than the United States. All sites are listed in alphabetical order within the following categories: Topics Covered in this Article. If you’re a forex newbie, the following sites will help you get a grip on the similarities and differences between forex trading and stock exchange trading. Take advantage of free resources before you dedicate any serious cha-ching to training. Tip’d: Investing and Finance Social Media News — Get the latest forex, commodities, and market news from the largest investing social media site. Currency College — Currency College delivers a variety of course offerings with classes that are held at the student’s convenience. Each class is followed by homework and tests; each course lasts about six weeks; and each class contains about ten students. Emphasis is given to risk management. This is not free education, but if you bring referrals to Currency College you could earn a scholarship toward your tuition.

This site has plenty of free resources, however, like a comparative chart for various trading platforms so you can make an educated choice about trading platforms. CyberTrading University — This site offers free forex training through a two-hour video that includes a brief history, PIP spreads, majors and crosses, economic indicators, fundamental analysis, technical analysis, short-term long-term fundamentals, trading rules, leverage and margin, trading psychology, Fibonacci Retracement Levels, moving averages, oscillators, Candlestick Charts, Bollinger Bands, and more. Forex Charting 101 — A brief and basic overview of forex charts from Pip Trader. You’ll discover that the charts are very similar to those that you might use for securities trading. But, some of the charts may seem more complicated if you’re not a seasoned trader. Forex Realm — Possibly the most comprehensive and thorough forex education online. Learn about everything from currency codes to exotic trading strategies through articles, graphics, and concise examples. Forex-Training. com — Fairly comprehensive training with a free demo account. The highlight to this site is their explanations about various charts.

FX Home Trader — Focus on the information about technical analysis, where you can learn more about Fibonacci Trading, Pivot Points, and more. Their Forex Facts also contain some valuable information. FX Power Trading Course — Offered by FXCM, this paid course is one step up from free at the current price. Learn how to time the market, recognize trends, and basics in fundamental and technical analysis through this eight-day course. Investopedia on Forex — An extensive 10-part article on forex investing, from an introduction to a recap that covers everything from benefits and risks to technical analysis. If you can’t get enough of Investopedia’s information, head to a list of their Forex articles, where you can learn more and download their free e-Book entitled, “High Probability Trading Setups for the Currency Market.” Law of Charts — Joe Ross offers advice for traders across the board, but the information contained in his “Law of Charts” offer speaks to forex as well as any other trading strategy. He identifies chart patterns that result from human behaviors and points to entry and exit targets on those charts. You can take advantage of Ross’s other tools as well, including the forum. Learn4X — This is an interesting site simply because it contains several tests that help you determine if you have the ‘guts’ and knowledge to be a trader. They also offer a free online seminar. Informed Trades Video Course — 8 Video modules covering the basics of forex trading and then some. Market Traders Institute (MTI) — You don’t need to spend a lot of money to train in forex markets. MTI offers many free resources such as videos and lesson plans that will help you get off the ground. If you like what you hear and see, you can invest in materials for the advanced trader down the road.

My Forex Trading Tools — A site that contains overviews on everything from fundamentals to options. Online Training Academy — Free basics on FX trading via video, offered by Mike McMahon. You need to register, but you can opt out of contact lists with a click of a box. School of Pipsology — A lighthearted forex education from Kindergarten to College so the beginner knows exactly where he stands in an attempt to grasp the forex market. Straight Forex — Provides high quality forex training for serious traders. The following list provides a variety of news from both professional and single-investor resources. A Forex Loser — The name of the blog ought to warn you. This blog contains a different perspective on trading, with an emphasis on trading psychology. Some great trading tips. Currency Secrets — Not updated daily, but plenty of resources in historical entries. The focus is on currency, but you can find plenty of reviews and tips here as well. DailyFX — Sponsored by Forex Capital Markets (FXCM), this site offers a free weekly trading lesson, a forum, economic calendar, and free quarterly outlook reports. Forex News — At-a-glance links to news and analyses. Forex Project — A fascinating blog written by a forex beginner who logs his experiences in a journal, through established goals, and with a full trade history. This blogger currently is under pressure from a fulltime job, and he’s considering a transition from day trading to going long on his investments.

Should be an interesting read. Be sure to check out this blogger’s list of references, including a nice beta risk calculator. FX Boot Camp — Wayne McDonell offers his boot camp theories for free at his blog on FXStreet (see next). FXStreet — Breaking news, commentary. Sponsored by Global Forex Trading (GFT). Peter Bain Forex Trading Commentary — Peter Bain’s commentary needs to be good, as it’s a tool to push his training course. You can take advantage of his free podcasts as well. Piptopia — This is Rob Booker’s blog on forex. He’s a currency trader and trainer and he’s been at this blog for two years, so you’ll find some interesting history here. Grace Cheng’s Forex Blog — “Not long after my graduation, I was introduced to forex trading, and since then, have never looked back.” Outside of her blog, Cheng writes for a number of trading and investment magazines. Quantitative Trading — Dr. Ernest Chan’s take on automated, statistical trading strategies. Trader Mike — Michael is a trader, and this blog is a trading journal of sorts.

Although he considers himself a swingposition trader, he switched to day trading in 2005. Although this blog doesn’t focus on forex per se, you can learn plenty about trading strategies here. You can’t trade without charts, but the chart that you use is a matter of personal preference. The list below provides a nice pool to pick from: DailyFX Chart — You can manipulate this chart by type, time scale, view, and much more. Java based. Free Forex Charts — From simple to Premium to System Trading, simply the best choice of charts around. Forex-Market — This site offers two free, real-time charting applications, one Web-based and the other a stand-alone Java applet. Live Currency Chart — This chart, offered by FXStreet (see Blogs & News above), is also Java based. A nice feature is the Drag&Drop that allows traders to pull indicators out of the Studies window and up into the Chart window. Currency & Converters. Currencies can be confusing, especially when you learn that many lots are purchased in pairs. You can learn about specific currencies when you type the names of that currency into a search engine. For instance, you can learn more about the Euro at that currency’s official site. But, if you don’t know what to look for, the information found in the following sites will help you out: ADVFN Forex Symbol Table — Comprehensive list of currencies. When you click on the currency symbol you’ll reach a page where that currency is represented through currency exchange rate tables and historical exchange rate charts.

ExchangeRate. com — Try out the “hot” and “currency info” links that provide information about everything you’d want to know about worldwide currencies for 170 countries. Includes calculators, fun facts, serious facts, and more. Go Currency — Reliable currency converter and money conversion service. List of Currencies — This is an extensive list provided by Wikipedia that covers everything from ancient coinage to the current Yen. As with most Wikipedia lists, you might run across a link or two that doesn’t contain information. But, you can use that information to search elsewhere if needed. Oanda — Excellent set of currency converter tools from historical currency exchange rates for over 164 currencies to traveler’s cheat sheets to customizable products. Visit their detailed currency converter FAQ page if you have questions. X-Rates — More than a currency list or a converter, this site will bring you up-to-date on every bit of information you’d need to know as a forex trader. XE. com — A basic currency converter backed up by other tools on this site, such as current and historic rate tables and a free email currency update service. Directories & Portals. The following resources offer choices beyond the ones listed here. Since forex is a booming individual trader industry, expect to find new sites popping up weekly. Forex Central — You want it? They have most of it (blogs are missing). Resources aren’t rated.

Forex Directory — This site is a little difficult to slug through, but worth it for the resources provided. Pip Trader — This site contains a forum, live quotes and charts, news, reports, and a “mini-game” that has nothing to do with forex, but that might help you lighten up a bit. Top 100 Forex Sites — Although these sites are rated by popularity and, therefore, subject to rating scams, you can learn much from the sites that are listed simply from the variety of information that’s offered here. Many sites are brokerage firms, but as I mentioned previously you can find free information on many of these sites such as news, calculators, techniques, and more. Economic Calendars & Indicators. Economic calendars and indicators are vital tools for fundamental research. The sites below will give you simple and detailed options. Economic Indicators — A government site brought to you by the Economics and Statistics Administration at the US Department of Commerce. Their mission is to provide timely access to the daily releases of key economic indicators from the Bureau of Economic Analysis and the US Census Bureau. Forex Economic Calendar — What better place to find an excellent economic calendar than a site that focuses on this tool? Global Forex Trading (GFT) — A detailed look into the next month’s international monetary future based on GMT. InfoForex — Brief overviews on various sectors from Auto and Truck Sales to a Monthly Wholesale Trade report based upon the US Census. Fibonacci & Candlesticks. Fibonacci and Japanese Candlestick charts may seem difficult, but with the right training you can master both technical strategies.

Fibonacci — This is the home page for Dr. Ron Knott’s multimedia Web site on the Fibonacci numbers, the Golden section and the Golden string hosted by the Mathematics Department of the University of Surrey, UK. Simple to use, easy to understand, and filled with illustrations to help you learn why some numbers are so important to nature. These numbers are also of vast interest to many forex investors. Fibonacci Forex Indicators — Forex Planet will begin to show you how to apply Fibs to forex in this easy-to-understand lesson. But, the lesson is short, so you might try the next resource as well. Fibonacci Method in Forex charts — This lesson also applies to forex, and it offers a short tutorial on applications along with a downloadable Fib calculator. Japanese Candlesticks — FX Words offers a simple and succinct explanation for candlesticks, including bullish and bearish patterns. Japanese Candlesticks (Elliott Gann) — A comprehensive tutorial that covers all the basic terminology and explains each term with appropriate graphics, offered by the ElliottGann site. Japanese Candlestick Trading Forum — It costs to become a member, but you can access all the candlestick basics for free on this site. Forecasts and Signals. The following resources use a mix of fundamental and technical analyses to formulate their prognoses: AceTrader — True 24 hours real-time analysis for up-to-the-minute recommendations and analysis. e-Forex — Free trading signals. Dig into their historical records to understand their precision. Forex Predictions — Currently free daily and weekly high-low signals through the Web site and by email.

This site is a division of RDC Bancorp, Inc., a foreign exchange services company. Forex Signals — FinoTek provides signals and trends with charts. Check out their archived signals to determine credibility. Investica Ltd . — Online information and free e-newsletters filled with signals and forecasts. Open Forex — Daily forecasts in real trade and analytical articles on forex basic currency pairs. Forums and Communities. Forex Factory — You’ll find a Forex Beginner Q&A section as well as topics that focus on specific strategies and techniques. Forex TSD — Go ahead and lurk in this forum until you feel comfortable. Then register for free to access the forum and a calendar. The paid “elite” subscription offers detailed statements of currently more than 20 trading systems.

Global View Forums — Another free forum that’s been around since 1996. MoneyTec — With over 33,000 members, this traders’ forum offers a format to discuss trading ideas, share, learn, and build new trading techniques and strategies. Fundamental Research. The following list contains comprehensive information about economic fundamentals for your research: Bureau of Economic Analysis (BEA) — Get the straight stuff from the US Department of Commerce like the pros. Everyone from the White House staff to US Trade Commission employees to trade policy officials who want to negotiate international trade agreements use the measurements contained on the BEA Web site. Consumer Price Index (CPI) — The US Department of Labor offers a ton of information just on this page alone through their links. Forex Daily Fundamentals — XpressTrade offers a daily focus on forex fundamentals. The Bank for International Settlements (BIS) – An international organization which fosters international monetary and financial cooperation and serves as a bank for central banks. As such, this organization offers valuable information through their publications and research as well as through many other resources offered on this site. They also maintain a list of Central Bank Web sites. The Fundamentals of Forex — Forex TV brings you the lowdown on what type of news would affect forex from a fundamental standpoint.

You can use the information on this list to conduct further research. Forex Glossary — The only drawback to this glossary is that the “A-Z” tab doesn’t include a total listing of all the terms under the single-letter tabs. Comprehensive. Forex. com Glossary — An at-a-glance glossary contained on one page. Glossary of Forex Terms PDF — This printable file, offered by FX International Group, contains all the basics. Government Regulation. Australian Securities and Investments Commission (ASIC) — The ASIC’s regulatory coverage includes the forex market. Use their search box to learn more about their reach and responsibility. Commodities Futures Trading Commission (CFTC) — The CFTC operates along the same lines as the SEC (Securities and Exchange Commission), except this government organization focuses on protecting market users and the public from fraud in the futures and option markets. So keep this site handy to stay on top of any forex scams through their Consumer Advisory on Forex Fraud. You can learn quickly what to avoid in your learning curve through a detailed forex advisory that offers information about other resources as well. Financial Services Authority (FSA) — An independent non-governmental body located in the UK, given statutory powers by the Financial Services and Markets Act 2000. Use their search box to locate information about the UK forex market and regulations. National Futures Association (NFA) — The NFA is “the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the derivatives markets,” which basically means that this organization regulates any market that depends upon future cash flows.

The “investor information” section contains materials about how to find a broker and basic lessons in forex trading. Plus, they publish forex warnings, news, and they offer a place for investor disputes and complaints. KBC PDF — A Comprehensive “Morning Report” from this Belgian foreign exchange bank (in English). Mellon — FX Daily report from Mellon Financial Corporation, with links to American and European editions and past issues. SaxoBank — Daily market update from this foreign exchange service in London. Scotia Capital PDF — Daily report with corresponding links for further reading from this Canadian foreign exchange bank. UBS — Daily summary for forex markets sponsored by this Swiss foreign exchange bank. Nonprofit Associations. Australian Technical Analysts Association (ATAA) — A non-profit association of both professional technical analysts and anyone who uses technical analysis for private investing, trading or advising. International Compliance Association (ICA) — The ICA is a professional organization dedicated to the furtherance of best compliance and anti money laundering practice in the financial services sector. The Financial Markets Association (ACI) — ACI has the largest membership of any of the international associations in the wholesale financial markets.

The Head Office is based in Paris. Some of the best demonstration tools are owned by forex brokerages. The following were chosen for their reliability and popularity. Be aware that some brokerages will request your permission to be contacted by mail, phone, or email. In some cases you might want this contact, as they will provide support for your training. In all cases you can walk away if their training and trading platforms don’t turn you on. CMS Forex — Customize your practice with unlimited funds on CMS Forex’s VT Trader, a program that includes an API so that you can customize your solution. This software offers a point-and-click open and close positions directly on the chart. Access over 100 indicators, Reuters Forex related news and market analytics, and an “autopilot” feature. You can reach their customer support team by phone, live chat, or e-mail. Forex Trading USA — Free 30-day demo with a Mini ($2,000 virtual cash, 200:1 leverage, 10k lot size) or Standard ($25,000 virtual cash, 100:1 leverage, 100k lot size). Their free education is a nice plus. FXSolutions — Use $10,000 in practice funds with full access to FXSol’s new charting solution, FX AccuCharts. Backed by 247 customer service. Global Forex Trading — Download their DealBook 360 to practice forex trading with live, dealable prices, real-time data, and free real-time breaking world and financial news. The software features forex charts, more than 85 technical indicators (for standard size GFT trading accounts) and the ability to build your own indicators.

You have a choice about the amount of beginning funds, from $2,500 to $50,000. ACM — Pick pairs and watch the quotes. ACM includes a manual PDF that explains in detail how to manipulate the chart to your liking. Must have Java plugin. Forex Trading Charts — Real-time forex quotes. This site also contains real-time forex charting tools with editable indicators. FXQuote — Scroll down the page, as the real-time quotes are located at bottom left. Based upon ET. Live Forex Quotes — You might recognize the GFT logo behind the rates, but don’t let that distract you from the constantly changing figures. If you’re addicted to live feeds, you’ll be mesmerized by the constantly changing currency rates on this chart. SaxoBank — Scroll down the page a bit, as the quotes are located at the bottom left on this page, based upon GMT. Technical Indicators. The following three resources offer the most succinct information about technical overlays and indicators. You can find many more resources at some of the sites previously listed under the Beginner’s section, under many of the Blogs & News resources, and at various brokerages.

Forex-Business Technical Indicators — Where the other two sites offer great technical indicator explanations, this site offers 10 charts that illustrate some of those terms. IQ Chart — This company offers a list of technical overlays and indicators with short and easy-to-understand explanations. Take a look at their chart patterns while at this site, as this company is a provider of stock charting software to individual investors and technical analysts. Technical Indicators — Definitions provided by MetaQuotes Software. Free forex trading resources. Forex Arbitrage Calculator allows to determine risk free arbitrage opportunities Forex Arbitrage Calculator allows to determine risk free arbitrage opportunities on forex cross rates. Forex Arbitrage is an arbitrage among real rates . Forex Arbitrage Calculator allows to determine risk free arbitrage opportunities Forex Arbitrage Calculator allows to determine risk free arbitrage opportunities on forex cross rates. Forex Arbitrage is an arbitrage among real rates .

Forex Trading – How to Trade the Forex Market. Learn about the best forex trading strategies. How to Trade the Forex Market. Whether you’re an individual trader or a financial or investment professional, the foreign exchange (forex) market, also known as the currency or foreign currency market is where the money is. Forex trading amounts to approximately $5 trillion (yes, trillion, not billion) per day. By comparison, the approximately $700 billion a day bond market and $200 billion a day in stock trading worldwide appear relatively small in size. The total daily value of all the stock trading in the world equals just about one hour’s worth of trading in the forex market every day. Forex Players – Banks. There are several distinct groups of participants in the forex market. The largest group of forex traders, in terms of the total dollar value of trading that they account for, is comprised of commercial and investment banks. Banks conduct a large amount of currency trading on behalf of their customers who are involved in international business and trade operations. They also serve as market makers in forex trading and trade heavily in their own accounts. (If a banker ever cautions you against forex trading, you might want to ask them why, if forex is such a bad investment, their bank invests such huge sums in the forex market.) Forex Players – Governments. Governments, through their central banks, are also major players in the forex market.

The central bank of a nation will often adopt large positions of buying or selling its own currency in an attempt to control the currency’s relative value in order to combat inflation or to improve the country’s balance of trade. Central bank interventions in the forex market are similar to policy-driven central bank interventions in the bond market. Forex Players – Companies. Large companies that operate internationally are also substantially involved in forex trading, trading up to hundreds of billions of dollars annually. Corporations can use the forex market to hedge their primary business operations in foreign countries. For example, if a U. S.-based company is doing a significant amount of business in Singapore, requiring it to conduct large business transactions in Singapore dollars, then it might hedge against a decline in the relative value of the Singapore dollar by buying the currency pair UsdSgd (US dollar vs. Singapore dollar). Forex Players – Traders. Last, but certainly not least, are individual forex traders, speculators who trade the forex market-seeking investment profits. This group includes a disparate cast of characters, from professional investment fund managers to individual small investors, who come to the market with widely varying levels of skill, knowledge, and resources. Learning Forex Trading – Currency Pairs. The forex market trades fluctuations in the exchange rate between currency pairs, such as the euro and the US dollar, which is stated as EurUsd. In the quoting of exchange rates, the first currency in the quotation is known as the base currency and the second currency is the quote currency. The exchange rate for a currency pair appears as a number like 1.1235. If the pair EurUsd is quoted as 1.1235, that means that it takes $1.12 (and 35100 th ) in US dollars to equal one euro.

The most widely traded currency pairs are, naturally enough, those involving the currencies that are most widely used worldwide – the US dollar (USD), the euro (EUR), the British pound (GBP), and the Japanese yen (JPY). Learning Forex Trading – Pips. Generally, the smallest fluctuation in an exchange rate between two currencies is called a “pip”. With most currency pairs, which are quoted to four decimal places, a pip equals 0.0001. The primary exception is Japanese yen currency pairs that are only quoted to two decimal places so that a pip equals 0.01. Many brokers now quote to five decimal places, with the last number signifying a fractional 110 th of a pip. The value of a pip depends on both the currency pair being traded and what lot size is traded. For one standard lot, a pip commonly equals $10 (US); trading mini-lots, a pip equals $1; and trading micro-lots, a pip equals 10 cents. The value of a pip varies slightly depending on the currency pair being traded, but those figures are roughly accurate for all pairs. Advantages of Forex Trading – Leverage. One of the major attractions of forex trading is the unparalleled leverage that is available to forex traders. Leverage is the ability to hold a market position with only a fractional amount of the market value of the instrument being traded. This fractional required deposit amount to hold a trading position is known as “margin”. Leverage is expressed as a ratio that shows the amount of margin required by a broker to hold a position in the market. For example, 50:1 leverage means that a trader only needs to put up 2% of a trade’s total value to initiate a trade. Some brokers offer up to 1000:1 leverage.

High amounts of leverage mean that forex traders can utilize a small amount of investment capital to realize sizeable gains. For example, with an investment of only around $10, trading micro-lots with 500:1 leverage, a trader can realize a profit of approximately $20 (or roughly double his investment) on just a 20-pip change in the exchange rate. Given that many currency pairs often have a daily trading range of 100 pips or more, it’s easy to see how traders can realize substantial gains from very small market movements, using minimal amounts of trading capital, thanks to leverage. However, traders have to keep in mind that just as leverage magnifies profits, it also magnifies losses. So a trader might only commit $10 of his total trading capital to initiate a trade, but end up realizing a loss substantially greater than $10. Advantages of Forex Trading – Liquidity. The extremely high volume of trading that occurs in the forex market each trading day makes for correspondingly high levels of liquidity. High liquidity makes for low bid-ask spreads and allows traders to easily enter and exit trades throughout the trading day. The bid-ask spread on major currency pairs, such as GBPUSD, are typically much lower than the bid-ask spread on many stocks, which minimizes transaction costs for traders. For large institutional traders, such as banks, high liquidity enables them to trade large positions without causing large fluctuations in price that typically occur in markets with low liquidity. Again, that makes for lower total trading costs and thus larger net profits or smaller net losses.

Higher liquidity is also considered by many traders to make markets more likely to trade in long-term trends that can more easily be analyzed with the use of charting and technical analysis. Advantages of Forex Trading – Volatility. As previously noted, many of the most widely traded currency pairs often have a daily trading range of up to 100 pips or more. This daily volatility makes for significant opportunities to realize profits simply within the range of price fluctuations that occur within a normal trading day. The advantage of volatility is enhanced by the fact that in forex trading it is just as easy to sell short as it is to buy long. There are no restrictions on short selling such as those that exist for trading stocks. A wide daily trading range, with equal opportunities to profit from both buying and selling, make the forex market very attractive to speculators in general and day traders in particular. Forex Trading Strategies – Fundamental Analysis. There are two basic strategic approaches to forex trading – fundamental and technical. Fundamental analysis trading is generally more favored by long-term traders, those who buy (or sell) and hold a currency pair for an extended period of time. Fundamental analysis is analysis that is based on economic conditions, both within specific countries and globally. Throughout most trading days, various economic reports from the different countries in the world are released. The indications, positive or negative, coming from such reports are the main drivers of major changes in exchange rates between currency pairs. If, for example, several positive reports on the United Kingdom’s economy are issued within a three-month time frame, that is likely to increase the value of Gbp against other currencies such as the Eur and Usd. Among the most significant economic reports issued, those most likely to impact the currency markets, are gross domestic product (GDP), the consumer price index (CPI), the producer price index (PPI), various employment and consumer confidence reports, and the policy decisions of central banks. Fundamental analysis may also be based on global economic trends.

For example, if the usage of cotton is rising worldwide, then the economies of countries that are major cotton producers can be expected to benefit, and the relative value of their currency may be expected to increase. Interest rates, which are set by a country’s central bank, are a major factor in determining the relative value of a currency. If investors can realize significantly higher gains from money held in interest-bearing accounts in the United States than from interest-bearing accounts in other countries, then that makes the US dollar more attractive and therefore likely to increase in value relative to other currencies. Forex Trading Strategies – Technical Analysis. Many forex traders favor technical analysis in determining the trading positions they adopt. Technical analysis – analysis based on charts of price movements in a market, with the aid of various technical indicators – is generally favored by speculators and short-term or intraday traders, although long-term traders may also utilize technical analysis. Technical analysis is simply analysis that is based on past price movement and market behavior (such as volume or volatility), Technical indicators include trend indicators such as moving averages, and market strength, or momentum, indicators such as the relative strength indicator (RSI). A basic technical trading strategy might be something as simple as buying a currency pair when the priceexchange rate is above a 50-period moving average, and selling the pair when it is below the 50-period moving average. Some technical traders utilize a single technical indicator for trades, while others apply multiple technical indicators as trade indicators. For example, the simple technical trading strategy just outlined, using a moving average, might be combined with a momentum indicator such as the MACD, with trades only being initiated when both certain price levels and momentum levels exist.

Technical traders analyze charts of varying time frames based on the trader’s individual trading time frame preference. Traders who make very quick, in-and-out of the market trades, may concentrate their analysis on a 5-minute, or even 1-minute time frame chart. Traders with a longer term trading time frames are more likely to apply technical analysis to hourly, 4-hour, or daily charts. The Forex Market – The Profit Opportunity Market. The forex market is one of the most attractive markets for traders. Forex trading has exploded in popularity since retail trading by individual small investors became more readily available around the turn of the century. The ability to open a trading account with amounts as small as $50-$100, and the possibility of then turning such a small amount into millions within just the space of a few years, is an almost irresistible draw. However, the lure of “easy money” from forex trading can be deceptive. The fact is that the majority of forex traders lose money, and only a small percentage of traders are consistent winners in the currency trading market. The keys to success in forex trading include not just a good, sound trading strategy, but exceptional trading discipline, patience, and risk management.

A number of super-successful forex traders have summed up the secret to their success as something like, “Just avoid taking big losses until you stumble into a huge winner. Most traders fail because they gamble away all their trading capital and don’t have any money left to trade with when a ‘million dollar’ trading opportunity finally comes around”. Corporate Finance Training. Advance your career in investment banking, private equity, FP&A, treasury, corporate development and other areas of corporate finance. Enroll in CFI’s Finance Courses to take your career to the next level! Learn step-by-step from professional Wall Street instructors today.


  • Free forex trading resources