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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 Weakens Following Moderate Employment Data
Technically speaking, the Aussie has multiple uptrend lines serving as technical cushions along with intraday, 3/9lows, and the psychological .90 area. As for the topside, the Aussie has multiple downtrend lines serving as technical barriers along with the psychological .92 area. Additionally, previous 2010 highs could serve as a hefty...
USD/JPY Trades Off Wednesday's Highs
Technically speaking, the USD/JPY faces our new downtrend lines along with intraday and 2/7 highs. Meanwhile, the highly psychological 90 area could have an influence over the USD/JPY's movements for the near-term. As for the downside, the USD/JPY has multiple uptrend lines serving as technical cushions along with intraday and...
GBP/USD Climbs Back Above 1.50
Technically speaking, the Cable has multiple uptrend lines serving as technical cushions along with intraday and 3/10 lows. As for the topside, the Cable faces multiple downtrend lines along with intraday and 3/4 highs. Our 2nd tier downtrend line could serve as a key barrier since it runs through previous...
EUR/USD Stays Range Bound Amid Protests in Greece
Technically speaking, the EUR/USD faces multiple downtrend lines along with 3/8 and 3/3 highs. Our 4th tier downtrend line could serve as a key resistance since it runs through 2/9 highs, or the 1.38 area. As we explained before, our 5th tier could also serve as a key barrier in...
Aussie Fundamentals Fail To Inspire
Price action continues to trade in an upward channel on the 4-hour charts, and the pair has spent the last few sessions testing the support side of the trend-line of this channel. A break lower will signal that the aussie is in a corrective mode, and could fall as low...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
USD Mixed, Trade Deficit Narrows as Exports Decline
The USD and JPY opened lower Thursday despite weaker equity market trade and a modest dip in risk appetite as European and US equity markets traded lower. The USD received a temporary boost after the release of economic data from China which showed any unexpected rise in inflation and strong...
US Market Update
Plenty of data and comments kept the price action choppy during the New York morning, although the greenback has maintained its mildly softer tone against the European pairs. The Swiss National Bank (SNB) left rates unchanged, as expected, and revised its economic growth forecasts higher. The bank's wording on the...
Jobless Claims Decline by 6K, Job Growth on the Horizon?
The number of Americans filing for unemployment benefits declined by 6K to 462K for the week ending March 6th. It was the second weekly drop in a row and can be a sign that the climb in weekly claims seen the past two months may be arresting. The rise in...
Looming Auction and Hearty Chinese Data Hinders Bonds
Ahead of another heavy U.S. Treasury auction, with today the turn of the 30-year maturity, dealers have sold bonds ahead of time bowing to slightly more favorable economic data. Strong industrial production, retail sales and bank lending data emerging overnight from the Chinese economy coupled to a report indicating a...
Afternoon Forex Overview
The dollar turned higher Thursday, gaining after a pair of economic reports showed that the U.S. trade deficit unexpectedly shrank and that initial claims for jobless benefits fell. The ICE Dollar Index, which tracks the greenback against a trade-weighted basket of currencies, was at 80.511 from 80.451. The euro had...
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 Weakens Following Moderate Employment Data
Technically speaking, the Aussie has multiple uptrend lines serving as technical cushions along with intraday, 3/9lows, and the psychological .90 area. As for the topside, the Aussie has multiple downtrend lines serving as technical barriers along with the psychological .92 area. Additionally, previous 2010 highs could serve as a hefty...
USD/JPY Trades Off Wednesday's Highs
Technically speaking, the USD/JPY faces our new downtrend lines along with intraday and 2/7 highs. Meanwhile, the highly psychological 90 area could have an influence over the USD/JPY's movements for the near-term. As for the downside, the USD/JPY has multiple uptrend lines serving as technical cushions along with intraday and...
GBP/USD Climbs Back Above 1.50
Technically speaking, the Cable has multiple uptrend lines serving as technical cushions along with intraday and 3/10 lows. As for the topside, the Cable faces multiple downtrend lines along with intraday and 3/4 highs. Our 2nd tier downtrend line could serve as a key barrier since it runs through previous...
EUR/USD Stays Range Bound Amid Protests in Greece
Technically speaking, the EUR/USD faces multiple downtrend lines along with 3/8 and 3/3 highs. Our 4th tier downtrend line could serve as a key resistance since it runs through 2/9 highs, or the 1.38 area. As we explained before, our 5th tier could also serve as a key barrier in...
Aussie Fundamentals Fail To Inspire
Price action continues to trade in an upward channel on the 4-hour charts, and the pair has spent the last few sessions testing the support side of the trend-line of this channel. A break lower will signal that the aussie is in a corrective mode, and could fall as low...
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 Mixed, Trade Deficit Narrows as Exports Decline
The USD and JPY opened lower Thursday despite weaker equity market trade and a modest dip in risk appetite as European and US equity markets traded lower. The USD received a temporary boost after the release of economic data from China which showed any unexpected rise in inflation and strong...
US Market Update
Plenty of data and comments kept the price action choppy during the New York morning, although the greenback has maintained its mildly softer tone against the European pairs. The Swiss National Bank (SNB) left rates unchanged, as expected, and revised its economic growth forecasts higher. The bank's wording on the...
Jobless Claims Decline by 6K, Job Growth on the Horizon?
The number of Americans filing for unemployment benefits declined by 6K to 462K for the week ending March 6th. It was the second weekly drop in a row and can be a sign that the climb in weekly claims seen the past two months may be arresting. The rise in...
Looming Auction and Hearty Chinese Data Hinders Bonds
Ahead of another heavy U.S. Treasury auction, with today the turn of the 30-year maturity, dealers have sold bonds ahead of time bowing to slightly more favorable economic data. Strong industrial production, retail sales and bank lending data emerging overnight from the Chinese economy coupled to a report indicating a...
Afternoon Forex Overview
The dollar turned higher Thursday, gaining after a pair of economic reports showed that the U.S. trade deficit unexpectedly shrank and that initial claims for jobless benefits fell. The ICE Dollar Index, which tracks the greenback against a trade-weighted basket of currencies, was at 80.511 from 80.451. The euro had...
Newsfeed display by CaRP