Learn FOREX in seven steps...check this out!!
1. Maximize Your Tools
Be sure there's a multiple tools to help you learn forex trading to become a better currency trader including free market news, and real time charts. The most valuable tool in your forex trading education, however, is the the platform currency trading Demo account, which allows you to test out forex trading strategies and learn forex trading from your mistakes without risking real money.
2. Risk Management
Every successful trader should know how much risk he is willing to take, and what profits should result from the trade. The use of stops and trailing stops is most often used to minimize losses. This is the basis of every realistic forex trading strategy. It can also be the most important factor when attempting to learn forex trading.
3. Two Ways to Trade
There are two types of traders, technical and fundamental. Both have a radically different approach to making trading decisions. Click here to find out which camp you belong to. Knowing both can help complete your forex trading education.
4. The Basics of Technical Analysis
All technical analysis starts with a few basic building blocks. With these as a foundation, you can start to make sound currency trading decisions.
5. Applying Technical Analysis
Every platform provides tools for basic technical analysis. Technical analysis shows you price history, support, resistance, trends and more.
6. Fundamentals Everyone Should Know
All Traders should understand why economic releases, interest rates, and international trade are important to movements in the currency market.
7. Psychology of Trading
The biggest enemy to most traders is not the market, but themselves. Learn four basic forex trading principals that will help you to avoid the four biggest mistakes that traders make.
source:T & K Forex Inc