Forex Trading Course For Beginners
By Neil Jensen
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About this ebook
Making money on the foreign exchange market doesn’t have to be difficult at all. The best Forex traders distinguish themselves by their discipline, perseverance and practice. And because they have a good basic understanding of the Forex market.
This Forex course provided by cfdtradingforyou teaches the basics of trading. In 10 lessons you will learn things like: what is Forex; trading through an online broker; interpreting Forex quotes and charts; technical analysis and fundamental analysis; tips for success.
Neil Jensen
I have a passion for history and I love to write and read about it. Although I have a preference on World War II, I like basically like all history. Learning history can explain our present and predict our future, that's why history is important for every human being.
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Reviews for Forex Trading Course For Beginners
6 ratings1 review
- Rating: 4 out of 5 stars4/5Great introduction to Forex Trading! I learned quite a lot and am going to try out the software.
Book preview
Forex Trading Course For Beginners - Neil Jensen
Forex Trading Course for Beginners
Copyright 2021 Neil Jensen
Forex trading course for beginners
Making money on the foreign exchange market doesn’t have to be difficult at all. The best Forex traders distinguish themselves by their discipline, perseverance and practice. And because they have a good basic understanding of the Forex market.
This free Forex course provided by cfdtradingforyou.com teaches the basics of trading. In 10 lessons you will learn things like: what is Forex; trading through an online broker; interpreting Forex quotes and charts; technical analysis and fundamental analysis; tips for success.
After you have gone through the course you will be able to avoid common mistakes made in currency trading, open Forex positions yourself, and make informed decisions on the foreign exchange market. To make optimal use of this course, we advise you to follow the lessons in order. Even if you're already familiar with a subject it is still recommend to briefly go through the appropriate lesson; in later lessons it is assumed you have read the previous lessons.
Besides, in order to be successful with Forex trading it is important to practice a lot. This can be done excellently with the online trading software of Plus500. Through this link you can open a free demo account to practice Forex trading.
We wish you much fun and success with the Forex trading course for beginners!
Important note: Although this eBook is about Forex trading, it can also be used as a guidebook for trading other securities like commodities, stocks and indices, as many lessons about Forex trading can also be applied to other securities. Additionally, the software used in this course (Plus500) is not only one of the best for Forex trading, you can also trade commodities, stocks, indices and more with their trading software.
For more interesting articles about online trading have a look at globaltrader24.com
Lesson 1: Why Forex?
In recent years, many investors have been at wits end because the markets did not perform too well. The economy was in a global crisis and whatever stock people bought, there was little to earn.
During that same time Forex traders made big money on the foreign exchange market. Especially for large investment banks like Goldman Sachs some of the biggest gains from investments were made in foreign currencies. That is not surprising, because the Forex market is the largest market in the world with a daily turnover of over 4 trillion dollars. Additionally, more and more individuals discover that there is money to be made with Forex trading.
The advantages of Forex
Why is it so attractive to invest in Forex? Below are eight reasons:
1. With Forex you can always make money, whether the markets are going up or going down. If you are able to somewhat predict the market better than others, it is always possible to make a profit.
2. Forex can yield higher returns than other investments. Because you trade actively and hold positions for a short time, your capital is quickly available for new trading opportunities.
3. Forex is much easier to learn than many other ways of trading or investing. There are not hundreds of listed companies from which you have to choose and about which you need to follow the news. You just need to keep an eye on a few major currencies like EUR/USD, USD/JPY,