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Learn To Trade the Forex Markets - The World's Most Exciting Way To Trade!
Forex Trading (or foreign currency trading) is a fast-paced and exciting way to profit from moves in the world financial markets.Smart investors can predict and then take advantage of fluctuations in the value of one currency as it relates to another. With a highly-leveraged account, a trader can start with as little as $300, and control tens of thousands of dollars worth of foreign currency. Even a change in the value of a currency of only half a cent can create profits that total in the thousands of dollars!
Getting started in the world of Forex investing is easy! All you need to do is find a reputable broker and open an account. Then, simply fund the account, learn the basics of trading, and you're on your way.
Of course, you can't expect to make money without a lot of practice. Before you even think about investing your own money, it is essential that you use your broker's demo function to get used to the trading platform, and test out your strategies.
Without years of experience, and loads of data at your fingertips, you can't really expect to create a successful trading strategy on your own. Fortunately, there are several investors who have discovered successful strategies, and they are willing to share them or sell them for a reasonable price.
Forex Forums like Forex Factory and MoneyTec are great resources for beginners.
Books like Simple Forex and Bird Watching In Lion Country layout specific strategies that have proven to be successful and can be traded by anyone willing to employ these strategies.
Recent Forex News
Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
AUD/USD Stabilizes as FX Markets Cool
The AUD/USD is stabilizing above its psychological .85 level and our uptrend lines as the risk trade stabilizes across the marketplace. A weekend of rest coupled Trichet’s reassurances the ECB and EU have Greece’s debt issue under control has allowed the Dollar to ease off of last week’s highs following...
USD/JPY Fluctuates Beneath 90
The USD/JPY is fluctuating below the highly psychological 90 level as FX markets cool down in the wake of last week’s heavy volatility. Although the USD/JPY was holding up relatively well, the currency pair finally gave in to downward forces as investors exited the risk trade in a flurry. Debt...
GBP/USD Wavers Around Friday Lows
The Cable is hovering around Friday lows after continuing its extensive decline in the wake of strong UK PPI data. Friday’s resurgent PPI data couples with a similar CPI reading, indicating a pop in prices which could discourage the BoE from tightening liquidity. However, Mervyn King recently stated that the...
EUR/USD Settles Following Last Week's Tumultuous Activity
The EUR/USD is settling and cooling as investors take a step back to revise their outlooks in the wake of last week's aggressive selloff in the risk trade. Trichet attempted to alleviate investor uncertainty by reassuring markets that the ECB and EU will make sure Greece takes care of its...
Chart Of The Day: GBP/USD
Price action on GBP/USD, a daily chart of which is shown, has finally begun to show a bearish emergence from the sideways consolidation that has characterized this currency pair on a long-term basis for several months now. A clean breakdown below the 1.5700 support region last Friday represented a tentative...
Newsfeed display by CaRP
Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
USD Lower, CRB Rebounds, Geithner Sees Slow Recovery
USD traded mixed Monday with the main focus on sovereign debt risks in Europe. EUR experienced a modest recovery as EU officials and central bankers from the G7 said they were confident that Greece will be able to cut its deficits. Greek and Spanish default swap spreads narrowed a bit...
Afternoon Forex Overview
The euro eked out a gain against the dollar Monday but was kept under pressure by festering issues of sovereign debt in Greece that threatened to spread to Portugal and Spain. The Dollar Index, which tracks the greenback against a trade-weighted basket of currencies, was 80.132 from 80.323. The euro...
Consolidation Day For FX Pairs
It has been a range-bound session for the majors as a lack of economic releases coupled with the absence of new sovereign debt headlines allowed risk assets to stabilize somewhat. For now, the panic element that had fuelled EURUSD's plunge has subsided, but worries surrounding the PIGS (Portugal, Ireland, Greece...
US Market Update
Trading has been choppy this morning given the absence of any economic data or major corporate earnings. With earnings season winding down and the calendar light of major data reports, traders await Ben Bernanke's House testimony on Wednesday, when many expect the Fed chairman to offer more details on the...
Bonds and Equity Prices off to a Soggy Start
Fixed income prices have eased on Monday after a little confusion at the outset. European stock markets were initially higher until around 6am ET when GM announced the recall of some of its Vibe model over required fixes for possible sticky accelerator pedals wiped out pre-market U.S. futures gains. Bond...
Newsfeed display by CaRP
Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
AUD/USD Stabilizes as FX Markets Cool
The AUD/USD is stabilizing above its psychological .85 level and our uptrend lines as the risk trade stabilizes across the marketplace. A weekend of rest coupled Trichet’s reassurances the ECB and EU have Greece’s debt issue under control has allowed the Dollar to ease off of last week’s highs following...
USD/JPY Fluctuates Beneath 90
The USD/JPY is fluctuating below the highly psychological 90 level as FX markets cool down in the wake of last week’s heavy volatility. Although the USD/JPY was holding up relatively well, the currency pair finally gave in to downward forces as investors exited the risk trade in a flurry. Debt...
GBP/USD Wavers Around Friday Lows
The Cable is hovering around Friday lows after continuing its extensive decline in the wake of strong UK PPI data. Friday’s resurgent PPI data couples with a similar CPI reading, indicating a pop in prices which could discourage the BoE from tightening liquidity. However, Mervyn King recently stated that the...
EUR/USD Settles Following Last Week's Tumultuous Activity
The EUR/USD is settling and cooling as investors take a step back to revise their outlooks in the wake of last week's aggressive selloff in the risk trade. Trichet attempted to alleviate investor uncertainty by reassuring markets that the ECB and EU will make sure Greece takes care of its...
Chart Of The Day: GBP/USD
Price action on GBP/USD, a daily chart of which is shown, has finally begun to show a bearish emergence from the sideways consolidation that has characterized this currency pair on a long-term basis for several months now. A clean breakdown below the 1.5700 support region last Friday represented a tentative...
Newsfeed display by CaRP
Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
USD Lower, CRB Rebounds, Geithner Sees Slow Recovery
USD traded mixed Monday with the main focus on sovereign debt risks in Europe. EUR experienced a modest recovery as EU officials and central bankers from the G7 said they were confident that Greece will be able to cut its deficits. Greek and Spanish default swap spreads narrowed a bit...
Afternoon Forex Overview
The euro eked out a gain against the dollar Monday but was kept under pressure by festering issues of sovereign debt in Greece that threatened to spread to Portugal and Spain. The Dollar Index, which tracks the greenback against a trade-weighted basket of currencies, was 80.132 from 80.323. The euro...
Consolidation Day For FX Pairs
It has been a range-bound session for the majors as a lack of economic releases coupled with the absence of new sovereign debt headlines allowed risk assets to stabilize somewhat. For now, the panic element that had fuelled EURUSD's plunge has subsided, but worries surrounding the PIGS (Portugal, Ireland, Greece...
US Market Update
Trading has been choppy this morning given the absence of any economic data or major corporate earnings. With earnings season winding down and the calendar light of major data reports, traders await Ben Bernanke's House testimony on Wednesday, when many expect the Fed chairman to offer more details on the...
Bonds and Equity Prices off to a Soggy Start
Fixed income prices have eased on Monday after a little confusion at the outset. European stock markets were initially higher until around 6am ET when GM announced the recall of some of its Vibe model over required fixes for possible sticky accelerator pedals wiped out pre-market U.S. futures gains. Bond...
Newsfeed display by CaRP