Tutorials for Forex Beginners

May 26 09:14 GMT

This section aims at providing the basic knowledge for the beginning forex traders. The following topics are covered.

For more advanced trading strategies, remember to download our free ebook Advanced Candlesticks and Ichimoku Strategies for Forex Trading

Beginners Tutorials \| Written by ActionForex.com \|
The Foreign Exchange (often abbreviated as Forex or FX) market is the largest market in the world with daily trading volume of over 1.9 $trillion in September 2004*. With its high liquidity, low transaction cost and low entry barrier, the 24-hour market has attracted investors around the world.
Read more...

Beginners Tutorials \| Written by ActionForex.com \|
The Foreign Exchange Market is an over-the-counter (OTC) market, which means that there is no central exchange and clearing house where orders are matched. With different levels of access, currencies are traded in different market makers:
Read more...

Beginners Tutorials \| Written by ActionForex.com \|
The recently technology advancement has broken down the barriers that used to stand between retail clients of FX market and the inter-bank market. The online forex trading revolution was originated in the late 90's, which opened its doors to retail clients by connecting the market makers to the end users.
Read more...

Beginners Tutorials \| Written by ActionForex.com \|
The table presents the comparison of various financial markets and some of their basic features.
Read more...

Beginners Tutorials \| Written by ActionForex.com \|
In margin forex trading, there are two prices for each currency pair, a "bid" (or sell) price and an "ask" (or buy) price. The bid price is the rate at which traders can sell to the executing firm, while the ask price is the rate at which traders can buy from the executing firm.
Read more...

Beginners Tutorials \| Written by ActionForex.com \|
The forex market provides different kinds of orders for trading. The following are some major types of orders that can be found on forex trading stations.
Read more...

Beginners Tutorials \| Written by ActionForex.com \|
Margin is the amount of equity that must be maintained in a trading account to keep a position open. It acts as a good faith deposit by the trader to ensure against trading losses. A margin account allows customers to open positions with higher value than the amount of funds they have deposited in their account.
Read more...

Beginners Tutorials \| Written by ActionForex.com \|
There are two major approaches to analyzing the currency market, fundamental analysis and technical analysis. The fundamental analysis focuses on the underlying causes of price movements, such as the economic, social, and political forces that drive supply and demand. The technical analysis focuses on the studies of the price movements themselves. Technical analysts use historical data to forecast the direction of future prices.
Read more...

Beginners Tutorials \| Written by ActionForex.com \|
A chart is the most important tool for understanding the total sum of what is going on in the market. Almost all traders today, particularly those who trade actively, use their favourite types of charts to analyse the market. In the end, a chart is a visualised representation of the price movements, a reflection of the psychology of the market and a visualization of the interaction between buyers and sellers in the market.
Read more...

Beginners Tutorials \| Written by ActionForex.com \|
Support levels essentially give the market a 'floor', since they are areas where buyers tend to be strong. If the price falls to a strong support level, traders should expect buyers to step in and drive the price up, or at least keep it from moving any lower.
Read more...

<< Start < Prev 1 2 3 4 Next > End >>

Page 1 of 4