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Quality Forex Education Resources

by Dan Ho

The following is a brief and by no means complete list of sources.

Forex Trading for Maximum Profit: the Best Kept Secret off Wall Street, a book and CD-Rom by Raghee Horner offers forex education for those who are just beginning to learn forex trading trend lines and the differences between major and minor trends. The book also explains the process of placing orders and tries to prepare the reader for the ups and downs of forex trading. The CD-Rom included with the book illustrates trading techniques and the authors successful trading systems. Raghee Horner is referred to as a master teacher of forex education.

The Ultimate Professional Trader Plus CD library is a product by Online Trading Academy which attempts to be the ultimate forex trading education package, with not one, but 24 CDs. This package strives to explain everything from the fundamentals of forex, to advice for those seeking to learn forex trading as a business.

There are numerous websites that offer demo accounts designed to help the individual learn forex trading. One particular site, Hawaii forex, offers not only free demo accounts, but also free 'webinars'. This site also sells a basic forex trading educational package and a 'power course' to learn forex trading indicators.

Another company that will soon offer live forex education on the web is forex Trading USA. This company recommends mentoring as the key to effective forex trading education that will lead to eventual success at trading currencies.

Advanz Forex offers on-line courses designed to 'jump-start,' according to them, successful trading. For those who are in a hurry to learn forex trading, perhaps this is the right educational package. This forex education course is available in English and Spanish.

As with any investment, forex trading can lead to substantial losses. The experts say that the best way to avoid excessive loss is through education and independent professional advice. For anyone attempting to learn forex trading, it would be inadvisable to make that first trade until you have some solid forex education as currency trading is more sophisticated than either equities or options.

Learn more about http://www.forex-trading-reference.com/Forex_education.html at http://www.forex-trading-reference.com

Thoughts On Forex

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I happen to believe if a child can learn to trade with some simple signals he will do better than most traders, most of the time, making a good living. But then again, movin market is more than just following the signals. Good trades to you.
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The transaction costs are calculated in terms of pips. Profiting from FOREX fx is the greatest to the trader when the spread between the bid/ask is the lowest number of pips required per trade by the broker. By comparing pip spreads of a half dozen brokers or so will reveal different transaction costs.
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DCIO issued an additional advisory in 2007 concerning foreign currency trading by retail customers (PDF). The DCIO Advisory addresses the following issues: (1) registration requirements for associated persons of firms registered as introducing brokers (IBs), commodity trading advisors, and commodity pool operators that are involved in forex transactions; (2) the permissibility of certain unregistered affiliates of a futures commission merchant (FCM) to act as proper counterparties in forex transactions; (3) claims that forex customer funds are segregated; (4) introducing entities acting as FCMs; (5) the applicability of the IB guarantee agreement to forex transactions and prohibiting guaranteed IBs from introducing forex transactions to an FCM that is not its guarantor FCM; (6) prohibiting forex account statements of an FCM�s unregistered affiliate from being included in the FCM�s account statements to its customers; and (7) prohibiting retail customers from acting as counterparties to each other in forex transactions.
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When the rate changes (an average daily change of Euro is about 70 to 100 pips), you close the position and sell the Euro for dollars, but at the rate of 0.9292. You get 109,146. 47*0.9292 =101,418.89 dollars. Your profit is $ 1,418.89. The same transaction with leverage 1:200 would give you $2, 837.78 of profit, with leverage 1:50 the profit would be 709.45, with leverage 1:25 - 354.72.
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The Latest What Is Forex News

Have we reached the pain threshold for EUR/USD?

Fri, 09 Nov 2007 08:27:58 GMT
The EUR/USD pair was mired between two conflicting impacts yesterday as Trichet tried to cap the euro ascent, while Fed??�s Bernanke shot down all hope for a USD rebound.


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