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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
USDJPY: Turns Off Channel Resistance
With an unsuccessful test of its channel resistance, USDJPY sold off sharply Thursday to close lower at 95.81. We retain our call for downside weakness while the pair maintains within its declining channel suggesting that weakness should shape up towards the 94.45 level, its Jun 01'09 low with a clearance...
FX Thoughts for the Day
Dollar-Swiss has once again risen towards 1.09 during the day and has come off a little since then. It is likely to continue trading in a range as during the US session, trading is likely to be muted as the US holidays. The range that we can look forward to...
EURUSD: Looks To See Further Downside Pressure
Having turned off the 1.4177 level, its Jun 11'09 on Wednesday and followed through lower on Thursday, potential for further downside weakness continues to be seen though an early morning recovery higher was seen today. With this view supported by its bearish stochastics, we envisage weakness to initially target its...
Technical Analysis Daily: USD/JPY
Dollar/Yen made a downward movement on Thursday. The currency couple made a peak at 96.87, than dropped to 95.76 bottom, closing the day at 95.92. On the 1 hour chart is seen that the currency couple moves around a trend line from the end of last month, indicating an intense...
Daily Forex Outlook: EUR/USD
EUR/USD has formed at least few years high last year at 1.6038 (15.07.2008). The subsequent sell-off was very sharp but turned out to be corrective in nature - flat correction. Wave A of it finished at 1.2549 (4 December 2008) and the following movement is wave B. My wave count...
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: The Flight To Safety May Need A Lifeboat
Forex markets are rolling around from day to day at the beck and call of equity market direction, and the dollar is bought as a hedge against those negative stock days. But, the flight to safety may have to be reviewed, because overseas 'safety' may be far more appealing. Maybe...
Forex Fundamental Outlook
Liquidity was light ahead of the long Independence Day holiday weekend. The European Central Bank voted yesterday to keep monetary policy unchanged and ECB President Trichet's remarks indicate interest rates may be on hold for some time in the eurozone. Commercial banks' overnight deposits at the ECB rose to a...
U.S. Market Update
The US morning saw a limited range of price action due to the Independence Day holiday. The EUR/USD consolidated around the 1.4000 level. The CHF did see a bit more action as the SNB reportedly 'check rates' to remind the market of its intent to maintain a soft Swiss currency....
Afternoon Forex Overview
The USD has a quiet overnight session and as could be expected volumes were exceptionally light. The markets are closed in the US today for the independence holiday and the only FX market active is the European market which will be closing shortly ending the week.
Dollar Secures Defensive Support
Trading conditions will be subdued on Friday with US markets closed for a holiday. There will be the risk of erratic trading, although the more likely outcome is that narrow ranges will prevail. Risk appetite is liable to be slightly weaker following the US payroll report and this could trigger...
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
USDJPY: Turns Off Channel Resistance
With an unsuccessful test of its channel resistance, USDJPY sold off sharply Thursday to close lower at 95.81. We retain our call for downside weakness while the pair maintains within its declining channel suggesting that weakness should shape up towards the 94.45 level, its Jun 01'09 low with a clearance...
FX Thoughts for the Day
Dollar-Swiss has once again risen towards 1.09 during the day and has come off a little since then. It is likely to continue trading in a range as during the US session, trading is likely to be muted as the US holidays. The range that we can look forward to...
EURUSD: Looks To See Further Downside Pressure
Having turned off the 1.4177 level, its Jun 11'09 on Wednesday and followed through lower on Thursday, potential for further downside weakness continues to be seen though an early morning recovery higher was seen today. With this view supported by its bearish stochastics, we envisage weakness to initially target its...
Technical Analysis Daily: USD/JPY
Dollar/Yen made a downward movement on Thursday. The currency couple made a peak at 96.87, than dropped to 95.76 bottom, closing the day at 95.92. On the 1 hour chart is seen that the currency couple moves around a trend line from the end of last month, indicating an intense...
Daily Forex Outlook: EUR/USD
EUR/USD has formed at least few years high last year at 1.6038 (15.07.2008). The subsequent sell-off was very sharp but turned out to be corrective in nature - flat correction. Wave A of it finished at 1.2549 (4 December 2008) and the following movement is wave B. My wave count...
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: The Flight To Safety May Need A Lifeboat
Forex markets are rolling around from day to day at the beck and call of equity market direction, and the dollar is bought as a hedge against those negative stock days. But, the flight to safety may have to be reviewed, because overseas 'safety' may be far more appealing. Maybe...
Forex Fundamental Outlook
Liquidity was light ahead of the long Independence Day holiday weekend. The European Central Bank voted yesterday to keep monetary policy unchanged and ECB President Trichet's remarks indicate interest rates may be on hold for some time in the eurozone. Commercial banks' overnight deposits at the ECB rose to a...
U.S. Market Update
The US morning saw a limited range of price action due to the Independence Day holiday. The EUR/USD consolidated around the 1.4000 level. The CHF did see a bit more action as the SNB reportedly 'check rates' to remind the market of its intent to maintain a soft Swiss currency....
Afternoon Forex Overview
The USD has a quiet overnight session and as could be expected volumes were exceptionally light. The markets are closed in the US today for the independence holiday and the only FX market active is the European market which will be closing shortly ending the week.
Dollar Secures Defensive Support
Trading conditions will be subdued on Friday with US markets closed for a holiday. There will be the risk of erratic trading, although the more likely outcome is that narrow ranges will prevail. Risk appetite is liable to be slightly weaker following the US payroll report and this could trigger...
Newsfeed display by CaRP