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15th March 2016, 08:46 AM
Super Moderator
 
Join Date: May 2012
Re: Forex trading training

The foreign exchange market is the virtual location where global currencies are traded.

Benefits of Forex Trading

Forex trades have low, if any, commissions and fees.

New forex traders are always advised to take a conservative approach and use orders, like stop-loss, to minimize losses.

High leverage, which should be prudently applied, gives traders the opportunity to achieve dramatic results with far less capital than necessary for other markets.

Forex trading requires training and strategy, but can be a profitable field for individuals looking for a lower risk endeavor.

Learning currency trading gives traders a range of exciting new opportunities to invest in market

Certification

Good trading courses are certified through a regulatory body or financial institution.

In the United States, the most popular regulatory boards that watch over forex brokers and certify courses are:

Securities and Exchange Commission
Chicago Board of Trade
Chicago Mercantile Exchange
Financial Industry Regulatory Authority
National Futures Association
Futures Industry Association
Commodity Futures Trading Commission

Time and Cost

Trading courses can require a solid commitment (if individual mentoring is involved) or can be as flexible as online podcast classes (for Internet-based learning).

Before choosing a course, carefully examine the time and cost commitments, as they vary widely.

Learn to Trade Forex

What you'll learn:

Understand currency quoting and the factors driving individual currency movements

Read and analyze currency charts using advanced technical tools
Recognize trends in the market - as they emerge

Balance risk against reward intelligently and pro-actively

Anticipate and react to major economic events impacting global currencies

Employ sound money management techniques to attempt to maximize gains and keep losses to a minimum


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