Category: 
December 8, 2008
There is an old adage connected to online forex and stock trading. It goes some what like this If you are inexperienced and have money and meet an experienced trader, but without money, you are likely to end up with experience and the experienced trader your money. There can be some semblance of truth in this but what this infers is trading without experience and strong fundamental knowledge of the market is an invitation to loss making.
Online Forex Trading Tutorial
There are several reputed online forex trading houses that cater to retail investors and traders. The same trading houses offer to train their prospective and existing clients on the nitty gritties of online forex trading most of the times free of cost.
What You Need To Learn About Online Forex Trading?
If you are a novice you need to start from the beginning. The macro economic factors that affect price volatility and the demand and supply of currencies that trigger the short term fluctuations which are your trading opportunities and most importantly the points of entry and exits form the basis of your learning.
Most of the online forex trading tutorials available require you to open a cost free demo/practice account so that you get exposure to either real time or simulated environment for better understanding.
Online Forex Trading Tutorial Curricula
You will see that, generally all the tutorials have more or less the same curricula. Basically speculations are made through a number of charts and indicators.
Chart Types:
1. Line chart
2. Bar chart
3. Candle stick chart
All these charts are price plots for selected periods. Then there are several indicators that help make decision. The important and most followed ones are
1. Average true range (ATR)
2. BOLLINGER BAND
3. Commodity Channel Index
4. Linear Regression
5. MACD
6. Momentum
7. Moving average
8. Parabolic time price
9. (ROC)Rate of Change
10. Relative Strength Index
11. Slow Stochastic
12. Standard Deviation
13. Stochastic
All charts and indicators are taught with sufficient demonstrations for self study. The tutorials deal with the patterns and formations made by charts/indicators and what they mean. While charts help you for short term speculative trading (technical analysis) they don’t concentrate on the underlying reasons for price movements. This is the ground for fundamental analysis. The study of macroeconomic factors such as changes in government policies, wars etc that influence supply and demand, and as a consequence prices, constitute the fundamental analysis. These things are illustrated in contrast with demonstrative price movements.
Online forex trading tutorial helps gain a lot for everyone who takes it.
Horaayy..there are 6 comment(s) for me so far ;)
Where is the best site to learn to trade FOREX online?
Im very interested in learning how to trade currency but there are so many websites out there that offer premium courses that I would have no idea which to choose. Does anybody know any good informational/tutorial websites for trading? Preferably free.
Many Thanks
Go try poems(you can try the demo)but you have to open an account with a little deposit.
References :
There are a number of free trading courses available. The link below is one.
Have you traded on the stock market as yet? It is less complicated. Forex trading is not a place for novices. When you want to register with a forex broker you will most likely be asked to deposit a substantial amount of money as security, $10,000 or more. Sadly many new comers to Forex trading are lured by the vision of making large amounts of money from this activity.
Unfortunately many of them lose their security deposits in a very short period of time.
You should practice for at least six months before making any real trades. Importantly you must treat this practice trading as though it was real to really get an idea of how these markets work. The professionals in this market will buy and sell on many markets.
References :
http://www.actionforex.com/contentcategory/free-training-courses/
http://www.babypips.com is in my opinion a superb site with a good forum, good advice and an easy laid out free online training programme. I was doing well out of currency trading (part time thing),but dipped out for a while when I saw too much volatility in the market. Since then I’ve been doing ok with arbitrage and trade betting. If you do it right and are patient, you can trade with little risk.
References :
my blogger learn to trade FOREX online
http://forex-trade3663.blogspot.com/
http://forex-trade-2008.blogspot.com/
References :
http://forex-trade3663.blogspot.com/
http://forex-trade-2008.blogspot.com/
I like http://www.forextopten.com/ and http://www.dailyfx.com. Both websites offer good knowledge for free.
I’ll list a couple of other websites on the resources.
References :
http://www.freeforexebook.org/
http://forexinblog.com/