Topic: Tutorials for Forex Beginners.

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

Basic Concepts
Technical Analysis
Candlesticks Charting
Chart Patterns
Fibonacci Analysis
Technical Indicators

Basic Concepts I: Introduction

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.

The following articles aim to introduce the key concepts in forex trading, the terminologies and the characteristics of the FX market.

The articles first introduced the concept 'spread', which is the most important transaction cost in forex trading, how the spread is presented in the price quotes, what is the significance of it and what is the trick behind it. As most of the retail customers choose to trade forex with margin account, the articles then introduced what is margin trading, what is the significance of margin, how to trade a margin account and how to choose the correct leverage ratio.

In trading online forex, there are many types of orders that you can make to facilitate your trades. The articles then explained the rationale behind each type of orders, when and how to use each of them.

Being one of the most actively trading markets, the forex market is yet, may not be the most well known market. The articles then gave a little historical background and explained the nature of the forex market, and made an overall comparison of various trading markets. It also discussed the pros and cons of trading forex market and what are the recent trends.

Like any other trading instruments, traders should understand the terminologies and the basis of the market before he/she starts real trading. The above articles serve as an essential beginners' guide to the world of forex trading.

*According to the Triennial Central Bank Survey of the foreign exchange market conducted by the Bank for International Settlements and published in Sept 2004.

Original source

To Be Continued

Re: Tutorials for Forex Beginners.

Please read the forum rules before posting

Thank you

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Tutorials for Forex Beginners.

i think each broker have own tutorial

Re: Tutorials for Forex Beginners.

JasonRoy wrote:

Learning alone is not important, it’s about how good we are at execution, if we are good at executing things then is when we will gain most. I never try to learn too much instead I learn little by little and entirely focus on execution, it’s ever easier through OctaFX broker using their low spreads from 0.1 pips to high leverage up to 1.500 while there are also several other benefits that helps me with performing ever so nicely and with comfort.

You mean executing your hard-earned money without adequate learning? The season of training is not the same as the season of marketing. We must learn to earn.

Re: Tutorials for Forex Beginners.

Hi Djlakhany,

It's true every broker has their own tutorials but I'd love to know what makes alpari's tutorials special. Can you put your finger on what makes them so easy to learn?

Because if it's something that helps beginners master forex, us (and all the other brokers with tutorials) really should be doing it in our educational materials too!

Djlakhany wrote:

Nurger, it’s absolutely true that every broker has some sort of tutorial or something on those lines, but quality matters and is big difference in how things go out. I am joined at and the quality of their tutorial (educational guide) is simply another world and makes thing ever easy for beginners and is something why I love it so much. I have started up just like that out of excitement but thanks to these educational (tutorial) I am able to work things out all very well and that has helped me achieve greater results.

Re: Tutorials for Forex Beginners.

Every broker has the BEST of everything, or so they say.

It is up to the individual to master his skill and apply it as even having a broker with all the best is no guaranty of success.

Brokers like to say theirs is better and that is very subjective. People succeed with every broker and people fail with every broker.

It is most difficult for people to be objective when promoting their own interests.

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Tutorials for Forex Beginners.

zink zuink

Do not attempt to promote your broker in this forum or you will not be posting!

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....