Sunday, January 21, 2007
How can i learn forex trading? -
i wil like to know how to trade in forex and where to learn it for free. This is just an introduction of the many articles in the website www.forextradinghq.com This is just an intro of the article, go the links below to read the other helpful and free articles, which have assisted me in learning the fundamentals of forex-trading. This is a proper introduction to foreign exchange for everyone who misunderstood that term. The Australian foreign exchange market can be considered as the next big thing in investment. Over these years, Australian investors have become more active in chasing their investment goals. Australian’s are more likely to hold direct shares than in previous years and Australian Stock Exchange (ASX) shareholder surveys have shown a higher level of direct share ownership. Equity derivatives in the market like options, warrants and contracts for difference have become more familiar with the Australian public, with Options traded on the ASX showing running record levels over the past years with growth in activity coming from retail investors. We are also trading in international equity markets, purchasing highly sophisticated structured equity products and moving into the stage of credit derivatives through collateralized debt obligations (CDOs). We have also have a growing attitude for greater risk where Gearing has become standard feature in the financial planning process; market lenders have reported that their loan books have been rising at more than 20 percent every year. There is alot of free information available to learn how to trade Forex. My first advice is to not get all the free info you can before sinking any money into your Forex education. Once you get to the point that you have a basic understanding of the market and the nuances I would suggest opening a free practice account and experience for yourself how the market acts and more importantly how your mind and emotions act. Besides gaining an understanding of the marketplace the first two areas to master are money management and emotional management. The two forces that will keep most people from being successful at Forex are improper money management...throwing good money after bad, and the inability to control greed, fear and indecisiveness. Here are a couple of resources that have saved me a ton of money. I would suggest that you check out the reviews at http://www.forexbastards.com/education_r... I would also suggest you watch and learn from an experienced, successful, professional trader. Personally I was happy that I found fxbootcamp. You can check out Wayne in action for free at http://www.squidoo.com/fxbootcamp Lastly, I am currently assembling a Trading Team to participate in a free trial evaluating some interesting Forex strategies. If you have an interest drop me a line at pupp52@yahoo.com. Best wishes for a successful and prosperous 2007. Paul www.teampip.com
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