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Free guide to trading forex
- Created:
- 22 October 2009
- Updated:
- 23 October 2009
- Written by:
- Dominic Picarda
If you're looking for an opportunity to make high returns in a market where the action never stops, welcome to foreign exchange (forex). Currencies are easily the biggest and quite possibly the most exciting financial market in the world. But while trillions of dollars change hands on the currency market every day, you don't need mega-bucks to get involved yourself.
We explain the basics of the forex market and the attractions of trading currencies in 'Why you should trade forex
'. We then show you just how easy it is to place a trade and what you need to think about when doing so in 'Placing your first forex trade'. Next, we explain what makes a winning forex trader, with the help of a seasoned market pro.
Understanding crowd psychology is undoubtedly a key ingredient to making profits from currency trading. In 'Mind-reading the forex market
', we demonstrate some really handy tools for telling what traders are thinking and how you can exploit that. We then highlight some other key information you need to keep up with, as well as where you can find it, in 'How to keep ahead of the forex markets
'.
We provide some essential advice on what you should look for when selecting a forex broker
. Finally, constant gyrations are what provide your opportunities in the currency markets, but you need to know how to handle these sharp movements with care. Find out how in our guide to forex market volatility
.