If you are new to FOREX trading, then you have come to the right place!
The information on this page was written for you. There's quite a bit here and, best of all, it's free!
Remember that success begins with a solid education.
What is FOREX trading? It is the simultaneous buying of one currency and selling of another. For example,
buying Euros and selling U.S. dollars.The price at
which this is done is the spot foreign currency exchange rate. If you have ever exchanged
foreign currency at a bank or airport, then you are already familiar with foreign currency
exchange rates. It is nothing more than the value of one currency in terms of another
currency.
Speculators desire to trade FOREX for the opportunity to profit from a movement in
currency exchange rates. For example, if a trader believes that the Euro will weaken
relative to the U.S. dollar, then the trader can sell Euros against U.S. dollars in the FOREX market. This is referred
to as being "short Euros against the dollar" which, from a trading perspective, is the
same as being "long dollars against the Euro". If the Euro weakens against the dollar, then the position will profit.
After reading the information on this page, sit through our on-line FOREX Tutorial. It's
a great flash presentation and it's also free. Then, request a free FOREX brochure.
And at any time, you can speak with a FOREX professional to
determine if FOREX trading is right for you. He'll also answer any questions that you might have. There's
no cost and no obligation. We're here to help.
Looking for affordable introductory FOREX courses on CD-ROM? Then be sure to order
The Fantastic World of FOREX. You will learn all aspects of the Forex trading world using the latest tools and software, as
well as how professional traders make their money. Continue your education with
Advanced FOREX
Strategies. This 2-hour course takes you step-by-step through various concepts that offer high-probability entry and exit points, coupled with the necessary stops to give you maximum profitability and capital preservation. Both CD's are priced under U.S.$50 and both are available for international delivery.
You may find technical analysis to be helpful when trading forex. Basically, technical analysis is the study of historical prices for patterns that, hopefully, repeat themselves and in so doing, provide an indication of possible future price movements. The great majority of traders rely to some degree on technical analysis. Have you ever heard of Trend Lines? Double Top? Inverted Heads and Shoulders? These are all terms of technical analysis. For a complete introduction to this important methodology, please view our free on-line Technical Analysis Tutorial.
Still want more?
Check out our complete line of Home Study FOREX Courses and
Forex Investment Textbooks.