How to Learn Forex Trading for Free
This site is an excellent resource for learning forex trading, and it”s all free. Starting with Forex Basics, if you are here you probably already know what forex trading is, but you may have other questions such as, how to read a forex quote, or maybe trading on margin, or how to use a stop loss.
These are all fairly basic forex concepts, but you can not trade without them.
What are the Best Times to Trade?
Need to know when to trade and what markets are open, look here.
Forex News Sources
Popular and up to date sources for forex news
Learning Forex Trading
Learn how to trade forex
If you’ve spent time reading up on the basics, you might want to know how to get started in forex trading.
Finding a Forex Strategy
How to find a forex strategy that works for you.
Choosing a Forex Broker
How to choose a forex broker that will serve your needs.
Forex Trading on a Budget
Can you trade forex starting with only $10?
Trading Forex on a Demo Account
How you can get a free account to practice forex trading.
Forex University courtesy of DailyFX
Daily FX has put together five levels of advanced Forex education at no cost that you can access at their site, DailyFX University.
Naturally, the site starts freshman year to help you understand the basics and build a foundation of understanding the Forex market. They teach you about traditional currency pairs different asset classes and core concepts that leverage and margin.
Sophomore year shows traders to take fundamental information and put it into a trading plan. Most importantly, understanding how the economic calendar can affect day-to-day trading discovered here.
The junior year brings real-time trading the forefront with analysis concepts, psychology and the marriage of technical and fundamental analysis.
Senior year teaches traders how to build their full trading plan. The essential component of senior year discusses trading in different market conditions. Of course, none of this good information is of much use without risk management, which is also covered senior year.
These four years put together can comprise a near-complete traders education.
You may have many more questions than I have outlined here. Trading forex is a marathon, not a sprint, meaning you won’t get rich overnight. Take your time to learn the basics and don’t rush yourself with becoming successful. No one starts out as a superstar trader; it takes time, education and experience. Be patient, learn from your mistakes, and you will succeed.
