Recommended Forex Trading Articles

Forex Trading basics

• Forex Information - CFTC
• Trading in the Retail Off-Exchange Foreign Currency Market - What Investors Need to Know - NFA
• Understanding the Risks of Trading in the Retail Off-Exchange Foreign Currency Market - NFA
• Introduction to Currency Exchange and the FX Market - by Oanda
• What Moves the Currency Market? - Currency Trader Magazine
• Understanding Spreads - by Oanda
• Economic Calendar Terms Explained - by Finspreads
• Economic Data Guide - by Baby Pips
• When to Trade - by FX Engines
• Forex Taxation - by ManchesterFX

Forex Trading advice

• Common Sense Guidelines for the Average Trader - by GVI Learning
• Trading: A Mind Game - by GVI Learning
• 45 Ways to Avoid Losing Money Trading FOREX - by EURUSDTrader
• Tips for trading e-forex - by Abe Cofnas
• FXtrek University - by FXtrek
• Random Thoughts of a GBP Junkie - by Mako Forex

Forex Trading methods

• Technical Analysis in the Foreign Exchange Market: A Layman's Guide - by St Louis Fed
• Make the Currency Cross Your Boss - Investopedia
• Relative Strength Analysis - by Position Trader
• High Frequency Automated FX Trading - by EBS
• Projected Fibonacci Targets - by Mohab Nabil

Article of the week

5 Things You Must Do If You Want To Attain Financial Freedom Through Forex Trading

by: Eddie Yakubovich

With the amazing growth of the forex market, you are going to see an astounding amount of traders lose all their money. Unfortunately, they haven't followed the simple steps I have laid out for you. Go through these steps and give yourself the greatest opportunity to achieve your goals.

1. Have Faith In Yourself
To reach the level of elite forex trader, you must trust in yourself and your forex trading education. You must be willing to make all your trading decisions, instead of relying on someone else's thoughts or ability (or lack of). Of course, you will prepare yourself fully before every risking any money.

2. Accept Your Learning Curve
Unless you are a veteran trader, you will lose money trading the Forex market. This is a near certainty. I don't say this to talk you out of trading. In fact, quite the opposite. You will be trading against others that fall to this reality day in and day out. You, however, will not risk a dime until you have learned the skills you need to make money trading the forex.

3. Decide What Type of Trader You Are There are many ways to trade the forex. They range from very active to very patient. You must decide which style suits you best. The best time to learn this about yourself is while you are trading a demo account. There is no need to allow your learning curve to cost you money.

4. Get Educated
Education is the shortest path to elite forex trading. Regardless of your ultimate goals, you will reach them quicker with a great forex trading education. Take some time to review different options before deciding on who to trust with your forex trading education needs. A forex seminar will help shorten your learning curve drastically.

5. Continue to Get Educated
In order to achieve and retain elite forex trading skills, you must constantly be adding to you knowledge base. Your education should never end. In fact, one of the key points to look for in an elite forex trading course is ongoing education. It's nice to have an ongoing relationship with the person/people helping you to achieve your goals. What separates an elite forex trader from all others is their desire and ability to be independent. Many traders are willing to follow signals, systems, strategies, or anything else you may call them. By taking this approach, however, these traders are only as good as the people they follow.

An elite forex trader will lead. Their decisions will be calculated and analyzed to near perfection. They will make decisions with no hesitation, and handle the growth of their account in a predetermined, intelligent fashion. Take your trading to their level and you will never look back.

Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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