Trading > This page
Forex Trading - What do I have to
know and do to trade in Forex?
become a successful Forex Trader we recommend the following:
Maximize Your Tools
It is of the utmost importance to know your tools. The varius brokers
offers an array of tools that are used for trading the Forex markets.
Be sure to test any demo accounts offered and use the opportunity to "learn"
Every successful trader should know how much risk he is willing to take,
and what profits should result from the trade. This is the basis of every
realistic trading strategy.
Two Ways to Trade
There are two types of traders, technical and fundamental. Both have a
radically different approach to making trading decisions.
The Basics of Technical
All technical analysis starts with a few basic building blocks. With these
as a foundation, you can start to make sound trading decisions.
All Traders should understand why economic releases, interest rates, and
international trade are important to movements in the currency market.
Psychology of Trading
The biggest enemy to most traders is not the market, but themselves. Study
and learn all you can about Forex trading.
Recommended further reading:
Courses and Training