Foreign Exchange Basics: The Forex Market

This article on foreign exchange basics will discuss in detail the forex trading or foreign exchange market. There is a lot to learn about the forex market and you will to know how it works if you want to become an expert trader and not just another loser. You will come around so many terminologys for the forex market. Forex and FX are both abbreviations of foreign exchange. It can also be called currency market, currency trading market, foreign exchange market e.t.c. All of these terms refer to the same international market where money or currencies are traded or exchanged. The foreign exchanged market is not located in a particular place. Virtually all countries of the world is involved in currency trading therefore the possibility of trading currencies in most countries is high. There are so many reasons for the popularity of for

Currency Trader

THE
AFFLUENT DESKTOP
CURRENCY TRADER

“I will direct you and show you how to place insane amounts of money in your account by teaching and transforming you into an International Online Currency Trader”

Well that’s the screaming and extremely immodest introduction to this product on Amir Sadaq’s site. It is however a well respected tome to introduce the total beginner to the forex trading marketplace.

And you don’t have to take my word for it, you can visit the site and download and read chapter 1 and decide for yourself!

Amir’s opening page by the way is very very long and chock-full of hype. On the left side of this page is a link to the “short and sweet” version.

My recommendation? Use it!

Amir’s system includes his own “tried and tested” trading plan, so maybe this review should be on the “systems” page, however it IS a good introduction to Forex trading so I’ll just duplicate this content there too.

Currency Trading

CURRENCY TRADING
MADE EASY

“What sets my course apart from other courses is that use pivot points?

I also teach 4 very specific, very high percentage trades. Exact setups, stops and targets are provided. No one else on the net does this.

I also am a money manager. I wonder why most of the gurus out there that are so good at trading don't manage money?”
(Aden Rusfeldt)

An extensive site offering three different courses at three price levels, including a 6-DVD mid-priced course “Currency Trading Made Easy” which looks pretty good.

Aden’s “Advanced Workshops” move you to another level, with lightning fast news trades (measured in seconds) and some very specific Fibonacci and day-trading strategies.

Mini Forex Trading

Mini forex trading has little disadvantages than a regular forex account. Of course it can only make small profits but the risk in regular trading is much larger. Because of only investing small sums of money, mini forex trading reduces the risk of your loss. You can always make another deposit if you lose.

In mini forex trading, you can also use the same software used by regular forex traders, this can work in your advantage. It will be like trading like the big traders only you are just trading in small amounts. Therefore, it eliminates fear of losing. Mini forex trading can also acquire you the proper discipline a forex trader has to have.

Another great feature of starting a mini forex trading account is that there is no maximum trade volume. You are able to trade 10,000 units or even 200,000 units even if the standard size of a mini forex account is 10,000 units. This enables you to develop your skills, trading strategy and technique before slowly increasing the size of your trades

The mini forex trading account is ideal for beginners or novices that are just starting to enter the world of forex trading. Here, the risk is real and the money is real. Mini forex trading is an effective way to learn forex trading without the thought of losing too much money...