The idea came up that I could share many of the video training sites that I know of with my readers. Forex video training has become much more popular in recent years. There’s no wonder why—learning by video is fundamentally easier than it is to learn by reading along. I wanted to share with you some of the best sites that I have found that will help you in your trading career.
Unless you’ve benefited from an economics degree, MBA and internship on one of the best trading floors in one of the best investment banks in the world, you like most people will have had to start learning to trade Forex at the bottom. For many of us this means taking on some form of copy trading software to allow us not only to profit from the knowledge of others, but to also be able to learn to understand a little more about how the markets move and when they are at their most potentially profitable.
You can either make money or make excuses, but not both at the same time!
Most of the people trading in Forex have limited knowledge and experience because they do not have the time to learn about this rich market and its keys of success. These people hear about the potential profits that they can gain in this market, so they start working in it without being armed with what they need to gain substantial profit. These are very real challenges that most new traders face. It is difficult to start with little experience, little money and little time and build it into a full-time trading career.
A Forex Trading Robot can either be your best friend or your worst enemy. Have you found this to be true already?
If you are like almost every Forex trader in the world then you have at some point purchased a trading robot and found that it was not entirely like what was promised on the product’s sales page. Heart-breaking, isn’t it?
Almost every new Forex trader who enters the business starts with having a full time job. The traders are few and far between who have enough money to live on outside of a regular job. Learning how to trade successfully is a process that usually takes several years. Some traders get it quicker and other traders take longer but it is not a quick process to become a professional full-time trader. Therefore we are going to look at a rather simple plan on how to trade Forex and become a professional trader even when starting with a full time job. This is a realistic plan, BUT IT IS NOT a get-rich-quick plan.
Maybe you have been trading Forex for a few years now… You’ve mastered your system and you have managed to double your account’s equity. Maybe you have found a good robot to use and have traded it consistently and profitably for the last few months (or years). Maybe you have a good trade copier service that you receive trades from and you have traded aggressively to this point. Fortunately the trade calls have been very good so far and you have doubled your money. Regardless of which path you may have taken, congratulations on profitable trading!
Let me say that again, CONGRATULATIONS!
One of the tools that has become available to Forex traders in recent years is known as a trade copier. So, what exactly is a trade copier? The name itself is rather descriptive of what a trade copier does; it will copy trades from one computer to another or from one MetaTrader4 terminal to another.
Now what kind of applications can this have for us as traders? Let’s say for example that you are a struggling trader and have not found success with trading on your own. Did you know that it is possible to copy trades from successful traders? There are traders out there who publish their trades so that others can copy them and benefit from their trading success.
It is little wonder that Forex trading has become one of the most popular pastimes for anyone who is looking to make extra money. Trading in Forex is becoming increasingly popular, and the number of software packages, training manuals, video courses and trading systems that can be used to help is rising all the time. It can be completely overwhelming with all this information available. You may have noticed this if you are on any mailing lists. You get a new Forex sale offer in your email box just about every day, don’t you?
The Moving Average (MA) indicator is the most simple and popular one that is used in currency trading and other markets. You can not go wrong with this indicator if you use it properly. First you need to learn what is the purpose of this indicator and how you can use it in your trading. Choose the one tat seems that seems useful for you and keep using it when you trade currencies in Forex market or anywhere else where you can apply this indicator.