Learn how to trade Forex successfully

  • Why Us?From the latest technology to protecting your funds, see why we’re the best trading partner.
  • Regulatory AuthorisationAdmiral Markets UK Ltd is regulated by the Financial Conduct Authority in UK.
  • Contact UsLeave feedback, ask questions, drop by our office or simply call us.
  • NewsCheck out most recent news about our company, events, trading condtions & more.
  • TestimonialsSee feedback we get from clients who trade Forex & CFD on our real accounts.
  • PartnershipEnhance your profitability with Admiral Markets – your trusted and preferred trading partner.
  • CareersWe are always on the lookout to add new talent to our international team.
  • Press CentreGet the latest Admiral Markets press releases and find our media contacts in one place, whenever you want them
  • Order execution qualityRead about our technologies and see our monthly execution quality report.
  • Account TypesChoose an account that suits you best and start trading today.
  • Demo AccountA demo account allows you to experience risk-free Forex & CFDs trading and test your strategies on the financial market.
  • Documents & PoliciesFamiliarize yourself with our business practices, account opening procedures & documents.
  • Deposits & WithdrawalsSee how to deposit or withdraw funds from your trading account.
  • Trading CalculatorCalculate your margin, profit or loss & compare results of your Forex & CFD trades prior to trading.
  • MetaTrader 4Download MetaTrader 4, the most powerful and user-friendly platform for Forex & CFDs trading.
  • MT4 Supreme EditionDownload MT4 Supreme Edition – an intuitive platform for Forex & CFD trading. Learn more about this plugin and its innovative features.
  • MT4 WebTraderUse MT4 web trading with any computer or browser (no download necessary).
  • MetaTrader 5Download MetaTrader 5, the new and improved platfrom for Forex & CFDs trading.
  • Fundamental AnalysisEconomic events influence the market in many ways. Find out how upcoming events are likely to impact your positions.
  • Technical AnalysisCharts may show the trend, but analysis of indicators and patterns by experts forecast them. See what the statistics say.
  • Wave AnalysisDetermine likely price zones following wave patterns based on extremes in trader’s psychology with Elliot wave analysis
  • Forex CalendarThis tool helps traders keep track of important financial announcements that may affect the economy and price movements.
  • AutochartistHelps you set market-appropriate exit levels by understanding expected volatility, impact of economic events on the market and much more.
  • Trader’s BlogFollow our blog to get the latest market updates from professional traders.
  • Market Heat MapSee who are the top daily movers. Movement on the market always attracts interest from the trading community.
  • Market SentimentThose widgets help you see the correlation between long and short positions held by other traders.
  • Forex & CFD WebinarsTune in and watch experts cover trading-related topics. Learn the basics or get weekly expert insights.
  • FAQGet your answers to the frequently asked questions about our services and financial trading.
  • Trader’s GlossaryFinancial markets have their own lingo. Learn the terms, because misunderstanding can cost you money.
  • Forex & CFD SeminarsExpand your Forex and CFD trading knowledge, by joining one of our seminars. Held by trading professionals.
  • Risk ManagementRisk management can prevent large losses in Forex and CFD trading. Learn best-practice risk and trade management, for successful Forex and CFD trades.
  • Articles & TutorialsFrom Forex and CFD basics to advanced trading topics, this sections offers you useful trading insights.
  • Zero to HeroStart your road to improvement today. Our free Zero to Hero program will navigate you through the maze of Forex trading.
  • Forex 101Have you ever fancied giving trading a go? Well, today’s your lucky day! Check out our free online Forex education course and learn to trade in just 3 steps!
  • Admiral ClubEarn cash rewards on your Forex and CFD trading with Admiral Club points.
  • ForexBall™The trading contest with a yearly prize pool of $541,000. Play for fun, learn for real with this trading championship.
  • Personal OfferIf you are willing to trade with us, we are willing to make you a competitive offer.

    Learn forex

    Once you have developed an interest in Forex trading, the next step is to learn how to trade Forex successfully. There are a number of ways you can learn Forex trading online and in this article we will show you the best methods when learning to trade, as well as provide you with five vital tips for starters. We’ll begin by explaining why education is so important at the start of your journey into Forex trading.

    Importance of Forex education

    The Forex market is constantly changing, so traders need to be able to understand the ups and downs of this market. There is no patterned formula or set of rules to guarantee success in Forex. Instead it is a combination of many things all at once – and to succeed in this market traders need to be patient, talented and mindful. Understanding this is the first step in Forex learning.

    Being able to talk about ratios, charts, indexes and trading should be be regarded as a skill to aspire to when you start to learn about Forex trading. In the beginning it can be tempting to rush through your learning, but it’s important that you step back, take the time you need and advance at a sensible rate. You need to be able to constantly evaluate your performance, and understand the reasons behind your wins and losses. Now let’s see why should you learn how to trade Forex the right way.

    Learn forex

    How to trade in Forex

    Below are some tips that can help you become a successful trader in the Forex market. These tips will help you understand how to trade on Forex, especially if you are an absolute beginner.

    Recognition

    In order to earn maximum profit, you must acknowledge the risk and safety zones in the market. For this you have to be self-aware. The first step in becoming self-aware is to make sure that any capital invested and risk tolerance to Forex trading is at the right level. In short, you have to be able to analyse your aims and objectives and trade accordingly. This is the most important thing to note on how to trade Forex for beginners.

    Invest what you can bear

    One of the best tips for any new trader is to start with small amounts and only increase the capacity of your account with your profit – not by further deposits. You don’t have to invest a large amount to earn profit – you can maximise your investment however small it is. By starting out small, you cut down the risk of heavy losses when large volumes of cash are involved. This is an essential part in understanding how Forex works and how to trade Forex online.

    Start with a single currency pair

    The currency trading world is complicated due to the unpredictable nature of markets, different characters and tenacities of its participants. It is difficult to be a perfect trader in the financial world. For this reason, it advisable to begin by focussing on a single currency pair – preferably one you are familiar with and can easily update yourself on. It may be better to choose one which uses the currency of your nation, or one which is widely traded. This will make it easier for you to learn Forex market trading.

    Control your emotions

    If you find yourself becoming concerned about the market and effects on your trading, don’t follow your emotions. Giving into feelings of panic, greed or excitement is a sure way to ruin your trading career. Instead, maintain a logical and practical approach to your trading. All traders should have a predetermined trading strategy to follow, so make sure you follow it. Don’t suddenly change your mind halfway through a trade based on emotion – you’re more likely to make irresponsible decisions which can cost you greatly. Whilst this tip isn’t a direct answer on how to trade Forex, it can certainly help you avoid costly mistakes .

    Keep a record

    We learn from our mistakes, and this can be deeply implemented in Forex trading. Keep a record of your successes and failures and any key mistakes and positive steps that you have taken in order to achieve your desired profit. This is an important step in learning how to be successful in FX trading.

    The previous tips are the first steps that you need to take in order to understand how to learn Forex trading and become successful in the Forex market. Following these tips will certainly make your trading experience better. Now let’s take a look at how a beginner should approach Forex trading.

    Learning Forex trading – a beginner’s guide

    The first thing that you need to do when it comes to trading Forex is to understand what you want to achieve. In deciding what you want, you have to be realistic. Set yourself a realistic and quantifiable goal. This could be something like: achieve 20% annual return on investment, earn 5000 USD of profit, get a total of 100 pips per month or something similar. Whatever you decide, your goal should also be easy to measure. What is also important is to set a goal that can be achieved over a long time frame – it is recommended to set an annual goal to achieve rather than a monthly goal.

    Once you have set your main trading aim for the year, it is now time to start learning how to achieve it. The best way is to identify what resources are available to you. This may include the size of your deposit, the amount of time you are willing to spend on trading, and amount of available funds you are willing to spend on trading-related matters (software etc). Once you have a clear vision here, let’s move on to the next step.

    As you now know what you want to achieve and what you are willing to put on the table, it is time to make an action plan. This action plan should include the currency pairs you are planning to trade and the amount of trades you are going to commit to. This is of course difficult without having a proper strategy in place, so first prepare a template of your action plan, and then move to the next step.

    Practice makes perfect – and yes, this is essential in order to understand how to trade Forex successfully. Start off by opening a Demo Account. When you use a Demo Account, the market conditions are nearly the same as on the Live Account, yet all of the trading is done risk-free using virtual money. Once you have a Demo Account, you should try out a number of different trading strategies to see which one provides you with the best trading results. Paper trading is essential, as during this process you can analyse your skills and see how your strategy could be improved. By trading a lot you can identify the best time frame, the best currency pairs and the most suitable trading strategy. This is a lengthy process that can take sometimes months, but it is definitely worth doing. Once you feel confident in your trading skills, return to the previous step and complete a trading plan with the data you collected during paper trading practice.

    Learn forex

    Once you have a direct plan of action, it is time to actually go ahead and start working towards your trading target. Set up a Live Account. deposit the same as what you practised with on your Demo Account and start trading according to your trading strategy and plan. You can of course modify your strategy and the rules you use, yet this should only be done when there are no open positions. This is one of the main rules to keep in mind. Many novice traders find it difficult to let losing positions go and they will try to modify their rules so they can try and turn a losing position into one that breaks even. This is a common mistake and it should be avoided. Changes in the plan are only possible upon performing a careful analysis and only when there are no positions involved in the trading.

    These steps that we have addressed in this article are what you need to follow if you want to become successful in the Forex market. Being a successful trader takes a lot of effort and you have to be willing to go through a lot of trial and error. That being said, if you do succeed the benefits are more than worth it.

    This wraps up our guide on learning how to operate on the Forex market in a successful way. We wish you luck and should you require any additional information on Forex trading please visit our education section .

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    Risk warning:Trading foreign exchange or contracts for differences on margin carries a high level of risk, and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose. You should ensure you understand all of the risks. Before using Admiral Markets UK Ltd services please acknowledge the risks associated with trading.

    The content of this Website must not be construed as personal advice. Admiral Markets UK Ltd recommends you seek advice from an independent financial advisor.

    Admiral Markets UK Ltd is fully owned by Admiral Markets Group AS. Admiral Markets Group AS is a holding company and its assets are a controlling equity interest in Admiral Markets AS and its subsidiaries, Admiral Markets UK Ltd and Admiral Markets Pty.

    All references on this site to ‘Admiral Markets’ refer to Admiral Markets UK Ltd and subsidiaries of Admiral Markets Group AS.

    Admiral Markets (UK) Ltd. is authorised and regulated by the Financial Conduct Authority. (FCA Register No. 595450).

    Admiral Markets (UK) Ltd. is registered in England and Wales under Companies’ House. Registered Number 08171762. Company address: 16 St. Clare Street, London EC3N 1LQ, UK.

  • How to Become a Successful Forex Trader

    A trader who looks to open and close a trade within minutes, often taking advantage of small price movements with a large amount of leverage.

    Quick realization of profits or losses due to the rapid-fire nature of this type of trading.

    Large capital and/or risk requirements due to the large amount of leverage needed to profit from such small movements.

    A trader typically looking to hold positions for one or more days, often taking advantage of opportunistic technical situations.

    Lowest capital requirements of the three because leverage is necessary only to boost profits.

    Fewer opportunities because these types of trades are more difficult to find and execute.

    A trader looking to hold positions for months or years, often basing decisions on long-term fundamental factors.

    More reliable long-run profits because this depends on reliable fundamental factors.

    Large capital requirements to cover volatile movements against any open position .

    Now, you will notice that both short-term and long-term traders require a large amount of capital – the first type needs it to generate enough leverage. and the other to cover volatility. Although these two types of traders exist in the marketplace, they are often positions held by high-net-worth individuals or larger funds. For these reasons, retail traders are most likely to succeed using a medium-term strategy.

    The Basic Framework

    The framework of the strategy covered in this article will focus on one central concept: trading with the odds. To do this, we will look at a variety of techniques in multiple time frames to determine whether a given trade is worth taking. Keep in mind, however, that this is not a mechanical/automatic trading system; rather, it is a system by which you will receive technical input and make a decision based upon it. The key is finding situations where all (or most) of the technical signals point in the same direction. These high-probability trading situations will, in turn, generally be profitable.

    Chart Creation and Markup

    Selecting a Trading Program

    We will be using a free program called MetaTrader to illustrate this trading strategy ; however, many other similar programs can also be used that will yield the same results. There are two basic things the trading program must have:

    Setting up the Indicators

    Now we will look at how to set up this strategy in your chosen trading program. We will also define a collection of technical indicators with rules associated with them. These technical indicators are used as a filter for your trades.

    If you choose to use more indicators than shown here, you will create a more reliable system that will generate fewer trading opportunities. Conversely, if you choose to use fewer indicators than shown here, you will create a less-reliable system that will generate more trading opportunities. Here are the settings that we will use for this article:

    Adding in Other Studies

    Now you will want to incorporate the use of some of the more subjective studies, such as the following:

    • Significant trendlines that you see in any of the time frames
    • Fibonacci retracements. arcs or fans that you see in the hourly or daily charts
    • Support or resistance that you see in any of the time frames
    • Pivot points calculated from the previous day to the hourly and minutely charts
    • chart patterns that you see in any of the time frames

    In the end, your screen should look something like this:

    Forex trading strategies

    Figure 1: a forex trading program screen

    An offer to purchase some or all of shareholders' shares in a corporation. The price offered is usually at a premium to the.

    A fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns.

    The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange.

    A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is.

    The additional satisfaction a consumer gains from consuming one more unit of a good or service. Marginal utility is an important.

    A situation where the futures price of a commodity is above the expected future spot price. Contango refers to a situation.

    Forex Trading Strategy

    Nick’s Forex Price Action Strategy

    Welcome to the latest edition of my Forex trading strategy. My Forex trading strategy is based entirely on price action, no indicators, no confusing techniques, just pure price.

    I have been developing, tweaking, and improving my price action strategy since 2005. This trading strategy is ten years in the making; it has survived major changes in market conditions, high volatility periods, low volatility periods and everything else the Forex market has thrown at it.

    And that is the beauty of trading a price action strategy…

    … Indicator based strategies are locked to the market conditions they were created for. Price action is fluid, it easily adapts to changing conditions, to different pairs, to different time frames and even to different traders. Most importantly, price action allows you to keep your trading simple .

    Keeping Your Trading Simple

    The key principle of my Forex trading strategy is to keep trading simple. I am against over complicating trading. Because the simpler your strategy is, the more effective you will be as a trader.

    One of the main goals of my price action strategy is to keep my charts clean. The only thing I place on my charts are support and resistance areas. I use these support and resistance areas in conjunction with candlestick analysis to trade Forex. Packing my charts full of indicators would make it impossible for me to read price action.

    Trading with no indicators makes my Forex trading strategy simple, stress free and highly effective. What does a clean Forex chart look like? Here’s a picture of my EUR/USD 4hr chart.

    Forex trading strategies My clean and simple Forex trading strategy

    This chart is clear and easy to understand, there is nothing that distracts you from reading price. This is why I love my Forex trading strategy .

    Some trading strategies are an absolute mess of indicators. Check out the image below, some people actually trade like that!

    Forex trading strategies A messy indicator based Forex strategy

    Why would you want to trade like this?

    Indicators Required for this Trading Strategy

    So to trade my I use no indicators.

    I generally don’t like using Forex indicators, as I find the data worthless, as they lag current price. If you want to be in the moment and take trades based on what’s happening right now then you have to base trades on current Price Action .

    Which Currency Pairs can you Trade Successfully using Forex Price Action?

    My will work on any currency pair, which is free floating and regularly traded.

    This is because my method is based on Price Action. This means you can use this trading strategy to successfully trade any currency pair you find on your Forex trading platform.

    That being said, I personally prefer to concentrate on just a few currency pairs at any one time. I find it too distracting to try and keep track of too many pairs at once.

    I mainly trade the EUR/USD, USD/CAD and AUD/USD. I generally trade these currency pairs as they are the most predictable and their movement is smoother. You don’t find random jumps unless there’s been some highly unexpected news, which is pretty rare.

    If you prefer to trade a particular Forex session such as the London, New York and Asian session then choose the main currency pairs that are active at those times.

    Price Action Trading Works Better on Longer Time Frames

    Since this Forex Trading System is based on Price Action you can trade any time frame from one hour and above.

    I mainly concentrate on the one hour, four hour and daily charts. These are consistently the most profitable, as the patterns are easier to spot and lead to more consistent profits.

    Types of Price Action Analysis

    Primarily, I use two forms of Price Action Analysis :

    1. Support and Resistance lines.
    2. Candlestick analysis.

    How to Enter Trades using My

    Due to the recent economic uncertainty and countries losing their credit ratings etc, currencies aren’t trading as they normally would. This has led to me to trade reversals exclusively.

    I look for strong reversal setups forming on top of my Support and Resistance areas. Once a pattern forms, that indicates a reversal, I set up a trigger price and enter the trade. I take several trades each week.

    Trading Strategy Targets and Stops

    Targets: My targets are on average 80 pips.
    Stops: My stops are on average 40 pips.

    These targets and stops differ during different market conditions. I usually allow price action to determine my target and stop. This means I will read the candles and set my stop based on recent highs and lows. A common place for a stop will be above or below the most recent high or low.

    How to Adjust the Trading Strategy Around News Releases

    I use the Forex Calendar from to keep track of economic data. Statistically I have found that I do not need to avoid trading during high impact news releases. In fact, by trading through most news releases, I end up making more profit…

    … Why is this?

    Banks and other large trading institutions pay millions for analysts and data feeds; this allows them to make educated guess about upcoming economic data releases. These guesses are factored into price before the data is released.

    If a trade set up forms before a major economic data release, it can be a sign that large institutions are position themselves for the release. If price action is telling you to short, there is usually a reason!

    The only news I avoid is unpredictable news or very high impact news, here is a quick list:

    • Speeches by central bank leaders or politicians.
    • Interest rate announcements or anything directly related to interest rates.
    • NFP report, the name changed a while ago to the “Non-farm employment change” report..

    You should also watch out for important political meetings like the G7 and G8 summits. The recent G7 summit in June 2015 caused a lot of unpredictable moves in the Euro.

    For the most part, news can be safely ignored. The only thing I do not do is enter a trade that is triggered by a news release. News based moves tend to retrace quickly, so if I have an entry trigger, I remove it before any major news release.

    As you can see, my is straightforward and will allow you to make pips in any market conditions, with almost any Forex currency pair.

    Last updated: July 22nd, 2017

    Trading Forex for Beginners

    The 3-Headed Monster for New Traders

    Being new in the trading markets is already overwhelming enough, but when The 3-Headed Monster comes along, succeeding as a trader only becomes that much more challenging.

    My end goal with this Forex training course is to assist you in saying “good-bye!” to the feeling of being overwhelmed. If you have no understanding of the Forex market, or just know a little bit, then perfect! This training course was designed for you. After you have completed the ten training videos, you will be able to explain the forex market to your family, friends and whoever else will listen.

    Now… we need to deal with this 3-Headed Monster. In all honesty, you or I don’t need to do anything. Forex in and of itself provides solutions to the three main problems new traders have when getting involved in the markets.

    Let’s quickly explore the three heads (problems) and how Forex is our knight in shining armor and provides us with a solution.Forex for beginners

    Problem Head #1: The Pattern Day Trader Rule (PDT)

    Perhaps you’re new to Forex, but not the stock market and you want to be an active trader. As I’m sure you have figured out, due to government regulations, you can only “day trade” a certain amount of times per five days, unless you have $25,000 in your trading account. That’s crazy and stupid – but, it is what it is.

    If you fit the above description, this next part will be music to your ears: The Forex market does NOT have the pattern day trader rule !

    And just like that, the problem is solved.

    Problem Head #2: Flexibility

    Most people have jobs, so “finding the time” to trade becomes a bit more challenging if you are focused on the stock market. The stock market is only open from 9:30 am est. until 4 pm est. so without question, depending on your personal schedule, it can be hard to “find the time” to trade.

    Can you relate to this annoying situation? In Forex trading, the market is open 24 hours a day and 5.5 days per week. While I am not saying that means you can be making millions of dollars per hour 24 hours a day, I am saying that the opportunity as creating more trading flexibility for yourself becomes a very real possibility.

    Problem Head #3: Focus

    As someone who is new and beginning their journey in the stock market, it is 100% perfectly normal to feel like you’re being torn in multiple directions at the same time. Given there are (literally) thousands of stocks flying around, it can be hard to narrow down and find exactly what you want to trade.

    Do you understand this feeling of information overload and “where do I look. There are so many stocks out there. The way the Forex market is set up, there are a limited choice of “things to trade”. Because of this attribute, it allows you to stay focused on what you need to be focused on. and over time, you will become more and more comfortable with it .

    It’s Time to Slay The 3-Headed Monster

    Forex for beginners If you can relate to any of the three problems discussed above, then begin your journey to slay this monster by investing in the course. I mean, it’s $99, I wouldn’t exactly call that a monumental investment.

    Maybe you do have more than $25,000 in your account, but you simply want to “learn more” and add another tool to your trader tool belt. I’m confident I can remove any and all feelings of being “overwhelmed”, all it takes from you is the leap of faith by investing $99.

    If you have any questions or anything of that nature, then by all means, please reach out to me so I can answer them.

    If you have any questions about any of this course material, pleae do not hesitate to ask by clicking here .

    Don’t Take My Word For It.

    Read complete user testimonials here .

    The Exact Videos You Will Receive

    • Establishing a Foundation of 'What' and 'Why'
    • Benefits and Warnings
    • Currency Pairs
    • Forex Quotes
    • Pips and Trading Lots
    • How to Choose an Online Broker
    • Analysis Methods and Strategies Part 1
    • Analysis Methods and Strategies Part 2
    • Analysis Methods and Strategies Part 3
    • Final Thoughts & Massive Warning

    Ready to Start Your Training?

    Enroll today and get instant access to the “” subscription. This is entirely available online with the user name and password you will create during checkout. This purchase will also give you access to the private forums to discuss with other students the topics and strategies talked about in the chat rooms.

    – Purchase today with no interest for 6 months. Learn More.

    Top three most successful Forex traders ever

  • Why Us?From the latest technology to protecting your funds, see why we’re the best trading partner.
  • Regulatory AuthorisationAdmiral Markets UK Ltd is regulated by the Financial Conduct Authority in UK.
  • Contact UsLeave feedback, ask questions, drop by our office or simply call us.
  • NewsCheck out most recent news about our company, events, trading condtions & more.
  • TestimonialsSee feedback we get from clients who trade Forex & CFD on our real accounts.
  • PartnershipEnhance your profitability with Admiral Markets – your trusted and preferred trading partner.
  • CareersWe are always on the lookout to add new talent to our international team.
  • Press CentreGet the latest Admiral Markets press releases and find our media contacts in one place, whenever you want them
  • Order execution qualityRead about our technologies and see our monthly execution quality report.
  • Account TypesChoose an account that suits you best and start trading today.
  • Demo AccountA demo account allows you to experience risk-free Forex & CFDs trading and test your strategies on the financial market.
  • Documents & PoliciesFamiliarize yourself with our business practices, account opening procedures & documents.
  • Deposits & WithdrawalsSee how to deposit or withdraw funds from your trading account.
  • Trading CalculatorCalculate your margin, profit or loss & compare results of your Forex & CFD trades prior to trading.
  • MetaTrader 4Download MetaTrader 4, the most powerful and user-friendly platform for Forex & CFDs trading.
  • MT4 Supreme EditionDownload MT4 Supreme Edition – an intuitive platform for Forex & CFD trading. Learn more about this plugin and its innovative features.
  • MT4 WebTraderUse MT4 web trading with any computer or browser (no download necessary).
  • MetaTrader 5Download MetaTrader 5, the new and improved platfrom for Forex & CFDs trading.
  • Fundamental AnalysisEconomic events influence the market in many ways. Find out how upcoming events are likely to impact your positions.
  • Technical AnalysisCharts may show the trend, but analysis of indicators and patterns by experts forecast them. See what the statistics say.
  • Wave AnalysisDetermine likely price zones following wave patterns based on extremes in trader’s psychology with Elliot wave analysis
  • Forex CalendarThis tool helps traders keep track of important financial announcements that may affect the economy and price movements.
  • AutochartistHelps you set market-appropriate exit levels by understanding expected volatility, impact of economic events on the market and much more.
  • Trader’s BlogFollow our blog to get the latest market updates from professional traders.
  • Market Heat MapSee who are the top daily movers. Movement on the market always attracts interest from the trading community.
  • Market SentimentThose widgets help you see the correlation between long and short positions held by other traders.
  • Forex & CFD WebinarsTune in and watch experts cover trading-related topics. Learn the basics or get weekly expert insights.
  • FAQGet your answers to the frequently asked questions about our services and financial trading.
  • Trader’s GlossaryFinancial markets have their own lingo. Learn the terms, because misunderstanding can cost you money.
  • Forex & CFD SeminarsExpand your Forex and CFD trading knowledge, by joining one of our seminars. Held by trading professionals.
  • Risk ManagementRisk management can prevent large losses in Forex and CFD trading. Learn best-practice risk and trade management, for successful Forex and CFD trades.
  • Articles & TutorialsFrom Forex and CFD basics to advanced trading topics, this sections offers you useful trading insights.
  • Zero to HeroStart your road to improvement today. Our free Zero to Hero program will navigate you through the maze of Forex trading.
  • Forex 101Have you ever fancied giving trading a go? Well, today’s your lucky day! Check out our free online Forex education course and learn to trade in just 3 steps!
  • Admiral ClubEarn cash rewards on your Forex and CFD trading with Admiral Club points.
  • ForexBall™The trading contest with a yearly prize pool of $541,000. Play for fun, learn for real with this trading championship.
  • Personal OfferIf you are willing to trade with us, we are willing to make you a competitive offer.

    Trader forex

    Whether you are new to trading Forex or an old hand at the currency markets, you are likely to share one key aspiration:

    One way to improve is to learn by example and to look at some of the most successful Forex traders in the world. In this article, you’ll learn about what the top Forex traders in the world have in common and how those strengths helped them to make huge profits.

    While you may have heard statistics thrown around suggesting that the ratio of successful Forex traders to unsuccessful ones is small. There are at least a couple of reasons to be sceptical about such claims.

    Firstly, hard data is hard to come by on the subject because of the decentralised, over-the-counter nature of the Forex market. But there is plenty of education material and working Forex trading strategies available to better equip your trading performance.

    Trader forex

    Second, we would expect the distribution of winners and losers to follow something of a bell-curve, meaning that there would be:

    1. very few large losers
    2. a great number of small losers
    3. a great number of small winners; and
    4. very few large winners.

    The data that is available from Forex and CFD firms (albeit just a very small slice of the vast global FX market) suggests that the rarest people are very successful traders. Most people stop once they start losing beyond a certain threshold, whereas the big winners keep on trading.

    The number of small losers slightly outweighs the number of small winners, mainly because of the effect of market spread. So the percentage of successful Forex traders is not substantially smaller than unsuccessful ones. There is little doubt, though, that the most successful traders are an elite few.

    However, by looking at a select group of famous Forex traders we can see that they have a few things in common.

    1. Discipline —the ability to recognise when a trade is wrong and therefore minimise losses.
    2. Risk control —having a strong understanding of a trade’s risk/reward. You can read more about this in our risk management guide .
    3. Courage —the willingness to be different from the rest of the crowd, most of the time.
    4. Astuteness —judging how perceptions are shaping market trends.

    The upshot of these characteristics has been consistent and large profits.

    The world’s best Forex trader

    Let’s begin our review of Forex successful traders by looking at one of the industry’s legendary beacons of good fortune, George Soros.

    Mr Soros is known as one of the greatest investors in history. He sealed his reputation as a legendary money manager by reportedly profiting more than £1 billion from his short position in pound sterling. He did so ahead of Black Wednesday. 16 September 1992.

    At the time, Britain was a part of the Exchange Rate Mechanism (ERM). This mechanism required the government to intervene if the pound weakened beyond a certain level against the Deutsche Mark.

    Soros successfully predicted that a combination of circumstances—including the then high level of British interest rates and the unfavourable rate at which Britain had joined the ERM—had left the Bank of England vulnerable.

    Britain’s commitment to maintaining the pound’s value against the Deutsche Mark meant intervening when the pound weakened by either buying sterling or raising interest rates or both. The recession meant that higher interest rates were very painful for the rest of the economy. This hindered investment when encouragement was needed instead.

    Economists at the Bank of England recognised that the appropriate level of interest rates were far lower than those required to prop up the pound as part of the ERM. But the value of sterling was maintained because of the UK’s public commitment to buying sterling.

    In the weeks leading up to Black Wednesday, Soros used his Quantum Fund to build a large position short of sterling. But on the eve of Black Wednesday. comments came from the President of the German Bundesbank. These comments suggested certain currencies could come under pressure.

    And this led Soros to increase his position considerably.

    When the Bank of England began buying billions of pounds on the Wednesday morning, it found the price of the pound was little moved. This was due to the flood of selling in the market from other speculators following Soros’ lead.

    A last ditch attempt to hike UK rates that had briefly hit 15%, proved futile. When the UK announced its exit from the ERM and a resumption of a free-floating pound, the currency plunged 15% against the Deutsche Mark and 25% against the US dollar.

    As a result, the Quantum Fund made billions of dollars and Soros became known as the man who broke the Bank of England.

    Want to know the best part?

    Although Soros’ short position in the pound was huge, his downside was always relatively restricted. Leading up to his trade, the market had shown no appetite for sterling strength. This was demonstrated by the repeated need for the British government to intervene in propping up the pound.

    Even if his trade had gone wrong and Britain had managed to stay in the ERM, the state of inertia would have more likely prevailed than a large appreciation in the pound.

    Here we see Soros’ strong appreciation of risk/reward – one of the facets that helped carve his reputation as the best Forex trader in the world. Rather than subscribing to the traditional economic theory that prices will eventually move to a theoretical equilibrium, Soros deems the theory of reflexivity to be more helpful in judging the financial markets.

    This theory suggests there is a feedback mechanism between perception and events. In other words, the perceptions of market participants help to shape market prices which in turn reinforce perceptions.

    This was played out in his famous sterling short, where the devaluation of the pound only occurred when enough speculators believed the Bank of England could no longer defend its currency.

    He once told the Wall Street Journal “I’m only rich because I know when I’m wrong”. The quote demonstrates both his willingness to cut a trade that is not working and the discipline shared by the most successful Forex traders.

    Trader forex

    Who else counts?

    So George Soros is number 1 on our list as probably the best known of the world’s most successful Forex traders and certainly one of the globe’s highest earners from a short term trade.

    But who else is up there?

    Stanley Druckenmiller

    George Soros casts a long shadow and it shouldn’t come as too much of a surprise that the most successful Forex trader has ties to another of the names on our list.

    Stanley Druckenmiller considers George Soros his mentor. In fact, Mr. Druckenmiller worked alongside him at the Quantum Fund for more than a decade. But Druckenmiller then established a formidable reputation in his own right, successfully managing billions of dollars for his own fund, Duquesne Capital.

    As well as being part of Soros’ famous Black Wednesday trade, Mr Druckenmiller boasted an incredible record of successive years of double-digit gains with Duquesne before retiring. Druckenmiller’s net worth is valued at more than $2 billion.

    Druckenmiller says that his trading philosophy for building long-term returns revolves around preserving capital and then aggressively pursuing profits when trades are going well. This approach downplays the importance of being right or wrong.

    Instead, it emphasises the value of maximising the opportunity when you are right and minimising the damage when you are wrong. As Druckenmiller said when interviewed for the celebrated book The New Market Wizards. “there are a lot of shoes on the shelf; wear only the ones that fit.”

    Trader forex

    Bill Lipschutz

    Oddly enough, Bill Lipschutz made profits numbering in the hundreds of millions of dollars at the FX department of Salomon Brothers in the 1980s – despite no previous experience of the currency markets.

    Often called the Sultan of Currencies, Mr Lipschutz describes FX as a very psychological market. And like our other successful Forex traders, the Sultan believes market perceptions help determine price action as much as pure fundamentals.

    Lipschutz also agrees with Stanley Druckenmiller’s view that how to be a successful trader in Forex, is not dependant on being right more often that you are wrong. Instead, he stresses that you need to work out how to make money when being right only 20 to 30 per cent of the time.

    Here’s some of Lipschutz’s other key tenets.

    1. Any trading idea needs to be well reasoned before you place the trade.
    2. Build a position as the market goes your way and exit the same way.
      Then start to ease up once there are signs that the fundamentals and the price action are beginning to change.
    3. There is a need to be aware of the market’s focus.
      FX is a 24-hour market and doesn’t stop moving when you go to bed.

    Lipschutz also stresses the need to manage risk, saying that your trading size should be chosen to avoid being forced out of your position if your timing is inexact.

    How successful is a successful Forex trader?

    We’ve looked at the biggest Forex successful traders, but there is an army of profitable traders out there. Joining the list of people who are able to consistently turn a profit each month trading FX, is an achievable goal.

    So, what’s the bottom line?

    Well, even the most successful trader had to begin somewhere and if you can regularly generate profits – you can consider yourself a successful Forex trader.

    Hopefully this article has given you some insights into traits shared by the most successful Forex traders. Now maybe you should try to top the Forex trader’s list yourself, by participating in our ForexBall demo contest.

    Trader forex

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    Risk warning:Trading foreign exchange or contracts for differences on margin carries a high level of risk, and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose. You should ensure you understand all of the risks. Before using Admiral Markets UK Ltd services please acknowledge the risks associated with trading.

    The content of this Website must not be construed as personal advice. Admiral Markets UK Ltd recommends you seek advice from an independent financial advisor.

    Admiral Markets UK Ltd is fully owned by Admiral Markets Group AS. Admiral Markets Group AS is a holding company and its assets are a controlling equity interest in Admiral Markets AS and its subsidiaries, Admiral Markets UK Ltd and Admiral Markets Pty.

    All references on this site to ‘Admiral Markets’ refer to Admiral Markets UK Ltd and subsidiaries of Admiral Markets Group AS.

    Admiral Markets (UK) Ltd. is authorised and regulated by the Financial Conduct Authority. (FCA Register No. 595450).

    Admiral Markets (UK) Ltd. is registered in England and Wales under Companies’ House. Registered Number 08171762. Company address: 16 St. Clare Street, London EC3N 1LQ, UK.

  • Learn forex trading

    Daily news, macro and micro-economic updates, among other factors, govern the movement of global currencies, and its trade. If you pay a little heed and learn the ropes of the game, you can invest and earn a comfortable second income through currency trading. To demystify the process and learn more, we caught up with Sushant Buttan, Chief Executive Officer, Professional Traders DMCC. Read on to know how can you invest and make the most of it. Excerpts:

    Give our readers a perspective on forex trading.
    Foreign exchange markets are made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and investors. The forex market is considered to be the largest financial market in the world recording a daily volume of over $5 trillion dollars.

    Since the currency markets are large and liquid, they are believed to be the most efficient financial markets. It is important to realise that the foreign exchange market is not a single exchange, but is constructed of a global network of computers that connects participants from all parts of the world. Traders utilise technical analysis tools and algorithms to determine which currencies will outperform the US dollar. The analysis is based primarily on momentum characteristics, such as the price behaviour of a particular currency compared to the US dollar over several time periods. Major trading is done on one or more G-10 currencies, which include the US dollar (USD), Canadian dollar (CAD), Japanese yen (JPY), Australian dollar (AUD), New Zealand dollar (NZD), British pound (GBP), Euro (EUR), Swiss franc (CHF), Swedish krona (SEK), and Norwegian krone (NOK), as well as currencies outside the G-10.

    Unlike other forms of trading, say in equities, forex trade happens in pairs. Help us understand the dynamics of this exchange.
    Foreign exchange (forex or FX) pairs have unique behaviours and traits that can be observed and studied over time. This helps us to better understand the nature of their price movements. For instance, volatility in a forex pair, captured by using the standard deviation of price movements in percentage terms expresses the uniqueness of each pair while revealing the general heartbeat of the FX market. While shared patterns become apparent, each pair’s volatility shows distinct characteristics that can be utilised by forex traders. Money management discipline is employed by successful traders to generate entry/exit points. Traders also use a sophisticated risk management system that takes into account the price, size and volatility of currency pairs traded. Risk is monitored on a daily basis as protecting your capital is the most important part of the trading business.

    Traders use a multi-strategy approach, something like Trend Following 30 per cent, Break-out 40 per cent, and Short-term Swing Trading 30 per cent. These trading strategies are based on different trading styles that traders have across the world.

    A lot of people are intimidated by trading and numbers, and look for some handholding. What services do you offer in this regard?
    Professional Traders Group was set up in 2007 with a 40 per cent stake by the Dubai Government, via the Dubai Multi Commodities Centre (DMCC). It was the first professional trading floor in the Middle East and continues to be a sector leader in the region. Professional Traders Group has an international team of highly experienced and specialised professionals who work round the clock to implement its mission and build a thriving community of professional traders with our trading infrastructure, training and funding. We believe that it is possible to be successful in trading even if you don’t have any finance background. Traders on our floor come from diverse backgrounds, such as students, stay-at-home mothers, working professionals from different industries including like oil and gas, shipping, consumer products, and more.

    We offer various beginner programmes like ‘Jumpstart’ where you can understand how to trade with absolutely no prior experience of the financial markets. We also have advanced training for traders who want to make trading their career. These programmes are held under the guidance of actual traders with real trading experience.

    Which are the most frequently traded pairs?
    The most frequently traded pairs are called the ‘majors’ and consist of the EUR/USD (euro dollar), USD/JPY (dollar yen), GBP/USD (British pound), USD/CAD (Canadian dollar), USD/CHF (Swiss franc), AUD/USD (Australian dollar).

    Historically, which pair has given the maximum returns?
    It is difficult to say which pair gives the maximum returns because each pair has its own characteristics and is affected over time by that country’s economic conditions. A country’s foreign exchange rate provides a window to its economic stability, which is why it is constantly watched and analysed.

    Exchange rates play a vital role in a country’s level of trade, which is critical to every free market economy in the world. As a result, people tend to specialise in currencies that they are familiar with and as a result, you can make profits from almost any currency pair as long as you are tracking the fundamental and economic factors for that currency. However, from a liquidity point of view, the EUR/USD (euro dollar) is the most widely traded currency pair and has the highest number of traders trading the currency pair. This is followed by the USD/JPY (dollar yen). This is because the Eurozone and the Japanese economies are very large and these currencies are traded against the US dollar, which represents the United States – the world’s largest economy.

    How many registered traders do you have? Do you have a live trading floor?
    We are the first live trading floor in the region and have traders from all over the world trading live accounts on our floor. In the financial markets trading industry, people often hear stories of people failing at trading – largely due to poor risk management and gambler’s mentality.

    Professional Trading is all about trading systematically with risk and money management tools, which help in achieving success. We are constantly striving for trading excellence, achieving and surpassing targets, adapting and evolving with changing landscapes, executing with precision and perfection. We achieve this through constant training and knowledge upgradation, which helps our traders evolve their trading techniques, and not blame external factors for intermittent shortcomings.

    What platforms do you use for trading? And how do you manage risk?
    We offer dedicated trading desks to enable traders with complete systems for trading the Global markets. Our trading floor provides Reuters and Bloomberg terminals, CNBC and RAN Squawk audio for economic data releases and breaking news. Traders can choose their preferred trading platforms like TT Xtrader or STS on the lease line with Stellar, CQG, Easy Screen, and Jtrader. We support all standard charting packages such as CQG, Esignal, and Futuresource.

    Our dedicated line to our clearer in London provides a fast stable connection with a fast round trip time.

    Do you also allow trade in other asset classes such as equities, indices, bonds, commodities, CFDs, etc?
    We offer our traders the ability to trade across all asset classes. Traders can trade in international markets across all time zones and across different asset classes. We do this through our team of dedicated broker partners across the world. If a trader wants to trade commodities like gold, wheat, coffee or even milk, we can set the trader up with the most cost effective brokers and have them ready to trade in a day or two. We are able to offer traders the lowest brokerage commission rates in the business, as we have negotiated high-volume discounts with the global clearing and broking firms. These low commissions enable our floor traders to become more profitable in the markets as they incur significantly lower commissions costs.

    We also offer high-margin leverage for intra-day Futures, CFD and SPOT FX trading. Our Eurex Trader Development Programme and the CME New Trader Incentive Programme helps to reduce trading costs even further.

    What is the minimum threshold investment required? Also tell us about the sundry charges involved and the commission charged by Professional Traders Group.
    There is no minimum threshold of capital required to start trading. However, we recommend traders to start trading with at least $25,000. This is to ensure that traders can handle the ups and downs of the markets and that they have enough capital to trade and hold positions to make profitable trades. As we are not brokers, we do not charge commissions over and above what the broker charges.

    We rent out trading desks on our trading floor at varying costs depending on what services the trader wishes to use. We have very attractive prices for beginner traders.

    Why is forex trading more popular in the region than other traditional forms of investing, such as bonds, equities, commodities, etc?
    Forex trading is very popular because it is easier to follow one or two currency pairs as compared to tracking hundreds of stocks. For the stock market, a trader has to track multiple companies and their financial results over and above the economic factors. This makes picking the right stocks very difficult because of all the volume of data that you need to constantly keep aware of. As far as bonds and commodities go, they are very popular for trading as well.

    What advice would you give to a complete novice?
    Novice traders have to follow simple rules for trading. This is similar to playing a new game. When you want to learn to play chess, you learn the rules of chess and then play according to the rules of the game. You cannot simply discount the rules because you are new.

    In trading too, you need to learn the rules of trading and simply follow the rules. We spend a great deal of time and effort training novice traders about these rules. Once the new trader learns the rules, he or she has to ensure that the rules are actually followed during trading. Most novice traders who lose money in the markets are the ones that are careless and do not follow these rules. Trading rules are basically set up to help protect your trading capital from losses. We teach novice traders Risk Management principles, Money Management rules alongside Mind management models.

    Human psychology and how our minds operate during trading is a very important part of being able to trade successfully.

    Do you offer free demo accounts?
    All the brokers we partner with offer demo accounts and it is very important to trade through demo accounts for a while before starting to trade with real money.

    Demo trading gives you an opportunity to experience the live action of the markets and to test out all your trading strategies before you start trading a live account.

    Is there anything else that you would like to add?
    With a multimillion-dollar corpus, we fund talented traders that join our trading floor. Funding is available for trading all products on global markets. Our funding programme is based on in-house funding as well as models with global financial firms that are keen on funding traders from all over the world. All traders on our floor have exclusive access to our Smart-Trade Dashboards.

    Trading signals are generated based on sophisticated computer algorithms designed over years of trading experience and millions of dollars in development costs. Traders are able to take quick trading decisions based on our intelligent dashboards we provide when you rent a trading desk on our floor.
    <br

    Suneeti Ahuja Kohli

    Suneeti Ahuja-Kohli has been in Dubai long enough to call it her spiritual home. She loves to travel but plans to settle down in Koi Samui, Thailand eventually to spend her sunset years by the sea. For now, she writes frequently on personal finance, retirement planning, business news and features, health and almost anything assigned by her editor. Her sojourns can be followed on instagram (suneetiahujakohli), news and views on Twitter @suneetiahuja, and for the rest, there�s a Facebook account.

    Forex Trading Strategies

    welcomes you to 2017!

    If you want to start online Forex trading in 2017 or just looking for bestForex trading strategies that work. then you’ve come to the right place.

    Or if you wan’t to learn Price Action trading then if you click this link, you’d be taken to my very comprehensive Price Action Trading Course …and yes, its FREE.

    You have full access to hundreds of free Forex trading strategies and systems for different levels of traders from beginners to veteran traders:

    How To Create A Solid Forex Strategy

    One biggest mistake for many new traders is starting to trade Forex without a solid Forex trading strategy.

    The Forex market is really attractive because it operates 24 hrs a day and you can trade when the market is going up or when the market is going down and in the eagerness to make money, or prove themselves they dive headlong into trading.

    Does that mean the beginner Forex traders cant make money?

    Yes, you can make money trading Forex…and its if you are a beginner trader and you get into Forex trading and start making money right away, you should be very careful to let ego overcome you.

    You can make a fortune trading currencies in the short term but soon this will lead to a bad psychology and trading discipline problems and you’ll end up blowing up your forex trading account.

    Good trading discipline, psychology and humility are only achieved through experience.

    To be successful in Forex trading, you’v got to have a strategy/plan in place which you must follow.

    Creating or finding a Forex trading strategy is very important as this addresses the following:

    1. Reason for taking the trade: why buy or sell? And what currency pair?
    2. Timing of the trade: why buy now? should you buy or sell after economic news release? Asian session, London session? New York session?
    3. Trading objective: what’s the profit target? What’s your stop loss?
    4. Money management? How much are you risking per trade? Per day?
    5. Documenting and analyzing your trading results? This identifies your strengths are well as weaknesses.

    What is your reason for entering a trade?

    And there should be a really good reason!

    If you are entering a trade out of boredom or just the need to take a trade for the excitement, this is a recipe for disaster.

    Nothing feels more worse than entering a trade and watching a trade turn into a loss when you precisely know you should not have taken that trade in the first place!

    Every trade should be taken based on a condition that’s been stated in your trading strategy, whether it be a technical reason or fundamental reason or both. Follow what your trading strategy says.

    Free

    When selecting which type of forex trading strategy to use, you have two options:

    • You either pay for them
    • You can use any of the free Forex trading strategies on this site and test them out.

    The trouble with paid Forex trading systems is that:

    1. You can spend a lot of money on buying a Forex trading strategy that does not fit your trading style.
    2. Later down the line you realize it does not fit your trading personality so you won’t be using it once your initial fascination starts to wear off. Waste of money.

    With free Forex trading strategies:

    1. You have the option to test them out without paying for them and eventually find a trading system that suits you.
    2. Free Forex trading strategies can make money in Forex.

    With that in mind, this Forex website has hundreds of Forex trading strategies for all kinds of traders from beginners to advanced traders.

    You may also like these:

    These Forex trading systems range from simple Forex trading strategies to complex Forex trading systems, from Forex trading strategies for beginners to advanced traders and including Forex price action trading strategies.

    Here are the 6 different types of Forex trading strategies and systems on this site:

    Table Of Contents

    1. Forex Price Action Trading Strategies

    These are Forex trading systems that are based on price action. Either they can be pure price action trading, which means they only rely on candlesticks and (or) chart patterns or a combination of other Forex indicators with price action. Yes, you can do currency trading just by looking at the price bars.

    • For a huge and amazing list of free Forex price action trading strategies , click here .

    You can learn such price action trading systems like:

    Click here to go to the the price action trading strategies.

    2. Forex Scalping Systems

    The next group of Forex trading strategies on this Forex website are Forex scalping strategies .

    If you wan’t to be a forex scalper, you got to find trading systems that you can trade in a much lower timeframe like the 1 minute and the 5 minute timeframes.

    Forex strategies

    Forex Scalping Systems

    Here are the list of forex scalping systems on this site:

    To check out these free forex scalping trading systems and strategies listed above, click here .

    Best Forex Scalping Strategies

    If you are thinking of Forex scalping, you must have balls of steel and really high concentration and don’t even try to blink too (just kidding).

    Here are some Forex scalping systems and strategies on this site:

    Forex strategies

    What Is Forex Scalping?

    Forex scalping is a day trading technique where Forex trader executes a trade and exit within minutes or seconds on some cases.

    So essentially, when you a forex scalp trader, you are not looking for big profit targets, you are looking for very small profit targets per trade like 5 pips, 1o pips or even 15 pips. And you are trying to take many trades throughout the trading session with these small profit targets.

    So what’ the point of Forex scalping then?

    Well, here’ the thing: the goal of the FX scalper is to make many trades throughout the trading session and hope that in the end, all those small profits will add up and exceed the trading losses incurred (and take care of spread costs for trading).

    Many Forex trader do not like Forex scalping because they see no point in going for very small profits and being involved with this kind of high pressure trading environment.

    But the funny thing is that hare are many trader that do like Forex scalping. If you are interested, this forex website also has forex scalping strategies which you can check them out and try if you like by clicking here.

    3. Forex Currency News Trading Strategies

    Then there are also Forex news trading systems here.

    If’ you’d like to trade non farm payroll or interest rates decisions or employment/unemployment figures that are released monthly, these forex news trading strategies and systems are what you should be using.

    Trading news can be both profitable and extremely risky as well.

    If you don’t know what to do, do not trade news. You can wipe your trading account within a few seconds to minutes because price can move against you so fast you will be caught out.

    But if you are not using Forex news trading strategies and then these days, its best to check everyday before you trade what major economic news releases are scheduled to be out and then decide if you wait until the news is released then trade or just simply wait for another day.

    These are Forex trading strategies where you can use to trade forex news:

    For more information on the news trading strategies, listed above, click here .

    4. (Basic) Simple For Beginners

    If you are a beginner, having a complex and advanced Forex trading strategy will confuse the heck out of you. Take your time!

    What you need is to start with are basic Forex trading strategies and work your way up from there. These are really easy forex trading strategies.

    Being a basic Forex trading strategy does not mean they are going to be unprofitable trading systems.

    Simple here means that the trading rules of these Forex trading strategies are really easy to understand and execute when you are trading.

    There are not many conditions or rules to confuse you. That’s why these are suitable forex trading strategies for beginners.

    • for an awesome list of simple forex trading strategies for beginners, click here .

    Forex strategies

    These are really simple forex trading systems suitable for beginners who are starting to trade forex.

    Being simple does not mean that these forex strategies are not profitable. As a matter of fact, simple forex trading systems are much easier to use and can be extremely profitable.

    Once you get the hang of it, then you can start to develop your own forex trading systems or move on to more advance forex trading strategies and even price action forex trading strategies.

    If you are a beginner forex trader, you really don’t want to confuse yourself too much with all the other stuff…just find a simple forex trading system and demo trade it out for a while.

    What you will find is that the simplest forex trading systems are the ones that can make money. Find out, stick to it and try to make it work for you by sticking to its trading rules with proper trading risk management.

    5. Complex

    As you progress up the ladder in your understanding, you’d come across to complex forex trading strategies and systems.

    These type of forex trading strategies need a lot more thinking and trading conditions and hence the name-complex trading strategies.

    Forex strategies

    6. Advanced

    I don’t know why I have to put up an “Advanced forex trading strategies” category but I have so there’s nothing I can do about it now.

    Almost similar to complex forex trading strategies, the advanced forex trading strategies do take a bit of getting used to.

    There can be a lot of conditions to fall into place before you can execute a trade.

    Forex strategies

    These forex trading strategies in the advanced category do involved a bit more thinking and they are not so simple if you are new forex trader.

    Forex Trading strategies like:

    Cick here to head over to these list of advanced forex trading systems given above.

    Price Action Trading

    Price action trading is simply technical analysis trading using the the action of candlesticks, chart patterns, support and resistance levels to execute orders.

    To be a better price action trading, you need to have a solid understanding of how price action theory and how to trade it in real time.

    For this reason, I’ve written a price action trading course. And yes, its not going to cost you anything…it is absolutely free.

    Ff you like to to to know how to trade with price action then click this link and you’d be taken to my forex price action trading course which will teach you to become a better price action trader.

    In the price action trading course, you learn about such things as:

    and lots more. Click here to go to this price action trading course.

    • If you’d like to know the type of forex trading strategy that one newbie forex trader used to make a million dollars in trading forex then read this post I wrote: How Fred Made $1 Million Dollars From 40 Trades In 3 Months-You Wouldn’t Believe What Happens Next !)
    • if you want to know how to multiply your forex profits fast then the pyramid trading method is one method you should know and learn how to do it properly.

    And this is not all, there are:

    • lots of trading tips, trading methods and techniques,
    • forex indicators
    • expert advisors
    • forex articles

    All you need to do is search the different categories of this website.

    In here, there’s hundreds of free forex trading strategies and systems for different levels of traders from beginners to veteran traders.

    So take your time to explore and I hope that you find the best forex trading strategy that you can use to trade the forex market and many profitable pips to you.

    4 Essential Elements Of A Forex Trading Strategy

    What is a Forex trading strategy (system)?

    A forex trading strategy is simply a set of rules telling you when to buy or sell when certain market conditions are met in order to make a profit.

    Any forex trading strategy should have these 4 core but basic elements:

    1. the condition(s) that should trigger you to buy or sell.
    2. where to place your stop loss order ,
    3. where to place take profit target
    4. and the system should have rules on how to manage a trade.

    That’s the definition of a what a forex trading strategy is.

    If a a trading system that does not have any one of these core elements, the you are going to be left confused in implementation.

    To put simply, forex market can be said to be chaotic. So to have order in a chaotic market, you got to have rules.

    Forex Strategies Resource

    There’s also a lot more Forex strategies resources in this Forex website which includes:

    Let me give you a brief overview of what is in them…

    Candlesticks And Chart Patterns

    In here, you have:

    Forex Trading Videos

    Watching forex trading videos is one quick way to learn about forex trading as well as to grasp trading concepts much quicker including learning forex trading strategies.

    Forex Trading Videos in here include the following:

    Free Forex Trading Signals (FREE)

    I also provide free forex trading signals. These forex trading signals are based on price action trading setups.

    It is really becoming on of the popular item on this forex website so I ask you to book mark it or join my email list where you get sent trade setup alerts sent weekly:

    How it works in the forex trading signals area is that I will post the forex trading signals that may happen during the week giving your the charts and trading setups and how you can trade them.

    After the week ends, I will give you an update of what happened in the forex trading signal review page.

    In this way, you can actually see the “before” and “after” situation of price action at work and I hope that this will give you a better understanding of trading price action.

    That Work

    Every forex trader is different…what you like is not what I like. What you think is the best Forex trading strategy for me will not be the same.

    This question is left for each individual Forex trader. You need to find the Forex trading strategy that fits your trading personality and when you do…then that would be your best forex trading strategy (in my opinion).

    Therefore, if you are looking for Forex trading strategies that work. just understand that one system cannot work for all.

    I may like price action trading but you may like to use indicators in your trading system. You need to research and test and find out what type of forex trading strategies and systems work for you simply because every body is different.

    I’f you like moving average forex trading strategies, there’s lots of them on this site. If you like scalping Forex trading strategies, they are here to.

    If you like news trading strategies, they are here to. If you like day trading strategies and systems, there are here to.

    If you like swing trading strategies and system, many of the strategies here are swing trading systems.

    All you need to do is find one that you like and make that Forex trading strategy work for you.

    Or if you don’t find a Forex system that you like but there’s one that you “sort of like” but still does not really fit..then why not tweak it?

    Why not change it by combining a few different trading techniques or ideas from “this trading system” and “that trading system” and then make a trading system you are satisfied with?

    Nobody’s going to stop you.

    Now, lets say that after you’ve found your Forex strategy that you like…what do you do next? Well, open a demo trading account with a Forex broker and test out the system to see how it works in real live market conditions.

    That’s the only way you know how the forex trading system will work. All trading strategies and systems may look nice on this site but if you like on trading system, you really need to test it out.

    Then once you’ve are satisfied, then you can start trading with real money.

    This is where the fun begins…trading with live money.

    How many Forex trading strategies do you need?

    If you prefer to trade only one type of trading setup then you’d only need on forex trading system.

    But if you like to trade different market conditions then having several solid forex trading systems for each of the different market conditions is essential.

    • if the market is in a trend, then you’d be using a trend trading system
    • if the market is in consolidation or in a range, you’d have to use a range trading system
    • if the market is getting to major support or resistance levels, you may have to switch to using a support and resistance trading system.

    So its really up to the forex trader to decide. If you are beginner forex traders, I suggest you just pick only one forex trading and stick to it.

    Forex Day Trading Strategies

    If you are keen on day trading, there are so many forex day trading strategies you can find for free here and adapt them to suit your day trading style.

    You just have to use your imagination: if a forex trading strategy is based on the daily timeframes, why not change the timeframe down to 15 minutes and see if it works in that smaller scale timeframe as well?

    So if you see a forex trading system saying that “its is suitable for trading using only the daily timeframes,” that does not mean its written in concrete.

    You can try that trading strategy in a much smaller timeframe so you can day trade.

    Forex Trading Basics

    Trade Forex With a 9-5 Job?

    Similarly, if you are a man with a 9-5 job and trading Forex, sometimes its hard to trade while at work, right? Why not find a forex trading strategy that does not take a lot of time and that system is like a “SET AND FORGET TRADING SYSTEM.”

    Well, there are forex trading strategies here that fit that criteria…you only need to trade once a day and check for the setup once a day.

    If time is what you don’t have, I believe finding such a forex trading strategy will help you achieve the aim of trading forex while working.

    Otherwise you will always have to hit the “boss key” when somebody comes around to your desk at work!

    Swing Trading vs Day Trading?

    Every forex trader is different. Some like trading shorter time frames and keeping their traders open for shorter periods which means day trading technique sort of comes into play here.

    But then there are forex traders that are swing traders…

    Swing traders are those traders that take a trade and have a much medium to longer term outlook. This means a trade can be opened and it may take a day to week or even months before the trade is closed. Swing traders like to wait for the trade to play out…how long it might take depends on price action and market movement really.

    The advantage of swing trading therefore is the fact that, all the minor price fluctuation in smaller timeframes (which is the domain of the day trader) is ignored and a larger long term view is held regarding each trade that is placed.

    The advantage of swing trading therefore are these:

    • trades held for days, weeks and months mean a lot more profit
    • minor price noise is irrelevant
    • trades are often entered at swing points, which are in most cases, present really low risk, high reward trade entry points.

    The only main disadvantage of swing trading is you’ve sometimes have to maintain the trade even in its up and down swings of price as it heads towards your profit target.

    The advantages of day trading are these:

    • profits or loss realized in a shorter timeframe during the day.
    • much more trading opportunities can be found during the day.

    The disadvantages of day trading are these:

    • small profits for each trade
    • potential to over-trade
    • high pressure and hectic trading environment and need to be on constant alert to scan your trading charts for setups.

    Scalping is also a very shorter form of day trading…it takes minutes or seconds to open can close a trade.

    Top 10 Forex Swing Trading Strategies

    Click that link above to check these amazing forex swing trading strategies out.

    The Best Forex Brokers?

    My general advice is this:

    • find forex brokers that have been established a long time a go and have good reputation and governed by forex regulatory bodies
    • find forex brokers that have offices in reputable countries like in UK, US, Canada and Australia because the regulatory compliance of these countries are much better than others..that’s why I say that. In the US, a reputable forex broker will be a member of National Futures Association (NFA) and will be registered with the U.S.Commodity Futures Trading Commission (CFTC) as a futures commission merchants and retail foreign exchange dealer. In UK, forex brokers are regulated under the Financial Conduct Authority(FCA) and in Australia, forex brokers are regulated under the ASIC.
    • also select forex brokers which have lower spreads. You trading cost increase if you have trading account with forex brokers that have huge spreads.
    • some forex brokers also have minimum deposit they require before you can trade. Check them out before opening a trading account with them.
    • ease of deposit as withdrawal.
    • how many currency pairs are offered.

    Best Hours To Trade Forex?

    Opinions may vary but one thing is certain…its much more easier to make money trading the forex market when the fx market has volatility and momentum.

    And so the when it comes to that, many forex traders like to trade the forex market during the London Session and the New Your Session.

    The London forex session is where huge volume of forex transactions are made everyday which is followed next by the New Your Session.

    In the Asian forex trading session, its is most often characterized by thin volumes during the day.

    Its best in my opinion to trade forex during the London fx hours or during the New Your forex trading session.

    Best Currency Pairs To Trade?

    Choosing a currency pair to trade is very important. Here’s why:

    • some currency pairs do not trend very well
    • some currency pairs only trend well during certain times during the day, for example, london and new your trading session.
    • some currency pairs have very large spreads in excess of 3-5 pips with some forex brokers and if you trade one standard contract, that’s roughly $10-$50 loss right away after you enter a trade and price has to move by this much in the direction of your trade to make that trade breakeven.
    • some currency pairs have very choppy characteristics which means they have tendency to spike and if your stop loss is too close, you’ll get stopped out

    Forex strategies

    How Often Do You Have To Trade?

    WILL YOU HOLD POSITIONS FOR A LONG TIME? OR WILL YOU BE A DAY TRADER? Most traders are not full time traders because most will have day jobs while trading and this will often determine the type of trading a trader does from being a day trader to holding positions for a long time like a swing trader.

    For some, because the forex currency market operates 24hrs during the day, they can trade after work for a few minutes or hours each day.

    Your End Goal In Forex Trading

    Forex strategies

    Success Belongs To You

    What is your profit target, what is your stop loss, how are your going to manage a profitable trade?

    Nothing is more frustrating than seeing a positive trade turn into negative and eventually into a loss. That’s why Its important to place take profit targets, your stop loss and also you plan of trailing stop activation: when and on what condition you are going to activate it.

    Setting profit targets also helps you stop taking very little profits TOO EARLY.

    Price will go where it wants to go. So if you have a buy trade, don’t think it will go up. That’s why you need a stop loss. Stop loss creates discipline and DON’T MOVE YOUR STOP LOSS as price heads to it…take that small loss instead a a big loss.

    There’s another day to trade tomorrow. Trade for the long term…don’t trade like there’s not tomorrow.

    Holy Grail Of Forex Trading?

    The holy grail of Forex trading is money management. Sometimes called Trading Risk Management.

    You get this one right by being disciplined and doing the right thing and what you will see it that it’s only a matter of time before you will start making good money trading forex.

    What blows millions of forex trading accounts is Money Management. So doesn’t it make sense to grow yourself in getting this right?

    You see, no forex trading strategy will give you 100% success rate. None. Once a trade is placed, the outcome that you want is not guaranteed because you can’t control the market price and where its going to go next! You are at the mercy of market forces of supply and demand buyers and sellers.

    But what you can control is RISK. That’s the only thing you have absolute control over in a trade…your trading risk. You decide how much of your account you are going to risk in a trade.

    Forex Trading Software

    These days, when you talk about Forex trading software, it can be:

    What are expert advisors? Expert advisors are trading systems coded so that this program can buy or sell without any human intervention.

    If you have a forex trading strategy with clear rules on when to buy and sell, it can be programmed into an expert advisor.

    Now, forex indicators, on the other hands are tools that that you often find on your trading platforms that assist you making a decision to buy or sell.

    Moving averages, Stochastics, MACD, just to name a few, are forex indicators.

    Now, when you open a demo account or a real live account with a forex broker, the software that you use to buy or sell is called the trading platform.

    Many forex brokers these days also provide the Metatrader4 trading platform. The MT4 platform is a software that is easy to download and it my opinion, one of the very easiest to understand and use.

    You will in no time at all understand how to use the MT4 trading platform and off course, its free to use as well provided by the forex broker.

    Be A Profitable Forex Trader

    Many traders make and lose a lot of money trading Forex.

    Why because the human emotion is involved…greed and fear come into play. When your real money is on the line, you’d tend to do things you’d never do while you’d demo trade.

    The temptation to trade a lot and make a lot of money “right now” is one biggest killer of forex trading acccounts.

    It all comes down to controlling and managing your risk. Failure of this and you will not last long in trading forex online.

    Can you make money trading Forex?

    Yes and No. This is not a surprising answer. You can definitely make money. And also you can lose a lot of money.

    The secret to making money in forex trading is managing your trading risk and finding a forex trading strategy that fit you.

    Everything else is irrelaveant. If you can control your emotion and manage your trading risk, you will do well.

    Yes, if you manage your trading risk and have balls of steel…Really, you can be profitable if you eliminate those things that sabbotage your forex trading like:

    • over trading
    • risking too much
    • not following your forex trading system’s rules
    • not following your trading risk management plan that you had.
    • not waiting for the right trading setups to happen before taking a trade because you are in a “rush” to take a trade

    Its these things that will make you an unprofitable Forex trader and you can lose a lot of money if not controlled.

    There’s a saying ” I’ve seen the enemy…and its me.” This is very true in Forex trading. You are your worst enemy when it come to Forex trading.

    If you are new trader, you will see this and think I’m lying…

    But wait till you’ve trade real money for a while and you will know what I just said is true.

    How much do you risk per trade?

    There’s so many schools of thought about how much risk one should risk per trade. But remember this: if you risk more of your account in a single trade, it would not take long before you can wipe out your forex trading account but on the other hand, you can make a lot of money if the trade goes right.

    But you are trading forex for the long term, it makes complete sense to risk a small percentage of your trading account in each trade. The reason is simple: its would take so many losing streaks to blow your forex trading account.

    So what’s the best % risk?

    I’d say stick to 1-2% of your account in each trade. You may even go up as 5% risk per trade. But remember, with a 5% risk per trade, all it would take is 20 consecutive losing trades and your account will be wiped out.

    The more you risk the more you lose or you can make more. You play this risk management game right and you can be making a tonne of money trading forex.

    Trade Forex From Your Home

    The beauty about Forex trading these days is as long as you have an internet connection and you have a laptop/computer or iphone/ipad, you can literally trade from anywhere in the world.

    The currency market is at your fingertips in other words.

    Which means, if you are housewife reading this, you can trade too. There are forex trading strategies on this site that allow you to take ONLY ONE TRADE A DAY and you only need to check the trading setup once a day.

    Forex Trading Course (FREE FOREX COURSE)

    There are many website that are selling Forex courses online. I know some of you don’t have the money to spend on such paid Forex training courses.

    So I put together something I would have wanted as a beginner Forex trader.

    I spent a lot of time making up a free Forex trading course for you. All you need to do is click this link: Forex trading course .

    This Forex trading course covers most of the essential things you need to know before you start trading Forex.

    Apart from this Forex course. have a look around on this site, there are so many strategies and trading tips and articles that can help you as a Forex trader.

    It means the world to me if you can share this website with your friends and fans on Facebook, twitter, Instagram, or whatever trading forum you are on because you are benefiting from the free information I’m providing here and your friends will really thank you for showing them this free forex trading strategies site as well.

    Learn forex trading

    Daily news, macro and micro-economic updates, among other factors, govern the movement of global currencies, and its trade. If you pay a little heed and learn the ropes of the game, you can invest and earn a comfortable second income through currency trading. To demystify the process and learn more, we caught up with Sushant Buttan, Chief Executive Officer, Professional Traders DMCC. Read on to know how can you invest and make the most of it. Excerpts:

    Give our readers a perspective on forex trading.
    Foreign exchange markets are made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and investors. The forex market is considered to be the largest financial market in the world recording a daily volume of over $5 trillion dollars.

    Since the currency markets are large and liquid, they are believed to be the most efficient financial markets. It is important to realise that the foreign exchange market is not a single exchange, but is constructed of a global network of computers that connects participants from all parts of the world. Traders utilise technical analysis tools and algorithms to determine which currencies will outperform the US dollar. The analysis is based primarily on momentum characteristics, such as the price behaviour of a particular currency compared to the US dollar over several time periods. Major trading is done on one or more G-10 currencies, which include the US dollar (USD), Canadian dollar (CAD), Japanese yen (JPY), Australian dollar (AUD), New Zealand dollar (NZD), British pound (GBP), Euro (EUR), Swiss franc (CHF), Swedish krona (SEK), and Norwegian krone (NOK), as well as currencies outside the G-10.

    Unlike other forms of trading, say in equities, forex trade happens in pairs. Help us understand the dynamics of this exchange.
    Foreign exchange (forex or FX) pairs have unique behaviours and traits that can be observed and studied over time. This helps us to better understand the nature of their price movements. For instance, volatility in a forex pair, captured by using the standard deviation of price movements in percentage terms expresses the uniqueness of each pair while revealing the general heartbeat of the FX market. While shared patterns become apparent, each pair’s volatility shows distinct characteristics that can be utilised by forex traders. Money management discipline is employed by successful traders to generate entry/exit points. Traders also use a sophisticated risk management system that takes into account the price, size and volatility of currency pairs traded. Risk is monitored on a daily basis as protecting your capital is the most important part of the trading business.

    Traders use a multi-strategy approach, something like Trend Following 30 per cent, Break-out 40 per cent, and Short-term Swing Trading 30 per cent. These trading strategies are based on different trading styles that traders have across the world.

    A lot of people are intimidated by trading and numbers, and look for some handholding. What services do you offer in this regard?
    Professional Traders Group was set up in 2007 with a 40 per cent stake by the Dubai Government, via the Dubai Multi Commodities Centre (DMCC). It was the first professional trading floor in the Middle East and continues to be a sector leader in the region. Professional Traders Group has an international team of highly experienced and specialised professionals who work round the clock to implement its mission and build a thriving community of professional traders with our trading infrastructure, training and funding. We believe that it is possible to be successful in trading even if you don’t have any finance background. Traders on our floor come from diverse backgrounds, such as students, stay-at-home mothers, working professionals from different industries including like oil and gas, shipping, consumer products, and more.

    We offer various beginner programmes like ‘Jumpstart’ where you can understand how to trade with absolutely no prior experience of the financial markets. We also have advanced training for traders who want to make trading their career. These programmes are held under the guidance of actual traders with real trading experience.

    Which are the most frequently traded pairs?
    The most frequently traded pairs are called the ‘majors’ and consist of the EUR/USD (euro dollar), USD/JPY (dollar yen), GBP/USD (British pound), USD/CAD (Canadian dollar), USD/CHF (Swiss franc), AUD/USD (Australian dollar).

    Historically, which pair has given the maximum returns?
    It is difficult to say which pair gives the maximum returns because each pair has its own characteristics and is affected over time by that country’s economic conditions. A country’s foreign exchange rate provides a window to its economic stability, which is why it is constantly watched and analysed.

    Exchange rates play a vital role in a country’s level of trade, which is critical to every free market economy in the world. As a result, people tend to specialise in currencies that they are familiar with and as a result, you can make profits from almost any currency pair as long as you are tracking the fundamental and economic factors for that currency. However, from a liquidity point of view, the EUR/USD (euro dollar) is the most widely traded currency pair and has the highest number of traders trading the currency pair. This is followed by the USD/JPY (dollar yen). This is because the Eurozone and the Japanese economies are very large and these currencies are traded against the US dollar, which represents the United States – the world’s largest economy.

    How many registered traders do you have? Do you have a live trading floor?
    We are the first live trading floor in the region and have traders from all over the world trading live accounts on our floor. In the financial markets trading industry, people often hear stories of people failing at trading – largely due to poor risk management and gambler’s mentality.

    Professional Trading is all about trading systematically with risk and money management tools, which help in achieving success. We are constantly striving for trading excellence, achieving and surpassing targets, adapting and evolving with changing landscapes, executing with precision and perfection. We achieve this through constant training and knowledge upgradation, which helps our traders evolve their trading techniques, and not blame external factors for intermittent shortcomings.

    What platforms do you use for trading? And how do you manage risk?
    We offer dedicated trading desks to enable traders with complete systems for trading the Global markets. Our trading floor provides Reuters and Bloomberg terminals, CNBC and RAN Squawk audio for economic data releases and breaking news. Traders can choose their preferred trading platforms like TT Xtrader or STS on the lease line with Stellar, CQG, Easy Screen, and Jtrader. We support all standard charting packages such as CQG, Esignal, and Futuresource.

    Our dedicated line to our clearer in London provides a fast stable connection with a fast round trip time.

    Do you also allow trade in other asset classes such as equities, indices, bonds, commodities, CFDs, etc?
    We offer our traders the ability to trade across all asset classes. Traders can trade in international markets across all time zones and across different asset classes. We do this through our team of dedicated broker partners across the world. If a trader wants to trade commodities like gold, wheat, coffee or even milk, we can set the trader up with the most cost effective brokers and have them ready to trade in a day or two. We are able to offer traders the lowest brokerage commission rates in the business, as we have negotiated high-volume discounts with the global clearing and broking firms. These low commissions enable our floor traders to become more profitable in the markets as they incur significantly lower commissions costs.

    We also offer high-margin leverage for intra-day Futures, CFD and SPOT FX trading. Our Eurex Trader Development Programme and the CME New Trader Incentive Programme helps to reduce trading costs even further.

    What is the minimum threshold investment required? Also tell us about the sundry charges involved and the commission charged by Professional Traders Group.
    There is no minimum threshold of capital required to start trading. However, we recommend traders to start trading with at least $25,000. This is to ensure that traders can handle the ups and downs of the markets and that they have enough capital to trade and hold positions to make profitable trades. As we are not brokers, we do not charge commissions over and above what the broker charges.

    We rent out trading desks on our trading floor at varying costs depending on what services the trader wishes to use. We have very attractive prices for beginner traders.

    Why is forex trading more popular in the region than other traditional forms of investing, such as bonds, equities, commodities, etc?
    Forex trading is very popular because it is easier to follow one or two currency pairs as compared to tracking hundreds of stocks. For the stock market, a trader has to track multiple companies and their financial results over and above the economic factors. This makes picking the right stocks very difficult because of all the volume of data that you need to constantly keep aware of. As far as bonds and commodities go, they are very popular for trading as well.

    What advice would you give to a complete novice?
    Novice traders have to follow simple rules for trading. This is similar to playing a new game. When you want to learn to play chess, you learn the rules of chess and then play according to the rules of the game. You cannot simply discount the rules because you are new.

    In trading too, you need to learn the rules of trading and simply follow the rules. We spend a great deal of time and effort training novice traders about these rules. Once the new trader learns the rules, he or she has to ensure that the rules are actually followed during trading. Most novice traders who lose money in the markets are the ones that are careless and do not follow these rules. Trading rules are basically set up to help protect your trading capital from losses. We teach novice traders Risk Management principles, Money Management rules alongside Mind management models.

    Human psychology and how our minds operate during trading is a very important part of being able to trade successfully.

    Do you offer free demo accounts?
    All the brokers we partner with offer demo accounts and it is very important to trade through demo accounts for a while before starting to trade with real money.

    Demo trading gives you an opportunity to experience the live action of the markets and to test out all your trading strategies before you start trading a live account.

    Is there anything else that you would like to add?
    With a multimillion-dollar corpus, we fund talented traders that join our trading floor. Funding is available for trading all products on global markets. Our funding programme is based on in-house funding as well as models with global financial firms that are keen on funding traders from all over the world. All traders on our floor have exclusive access to our Smart-Trade Dashboards.

    Trading signals are generated based on sophisticated computer algorithms designed over years of trading experience and millions of dollars in development costs. Traders are able to take quick trading decisions based on our intelligent dashboards we provide when you rent a trading desk on our floor.
    <br

    Suneeti Ahuja Kohli

    Suneeti Ahuja-Kohli has been in Dubai long enough to call it her spiritual home. She loves to travel but plans to settle down in Koi Samui, Thailand eventually to spend her sunset years by the sea. For now, she writes frequently on personal finance, retirement planning, business news and features, health and almost anything assigned by her editor. Her sojourns can be followed on instagram (suneetiahujakohli), news and views on Twitter @suneetiahuja, and for the rest, there�s a Facebook account.

    Trading Tutorials – Forex Trading Basics

    Trading tutorials introducing you to the world for forex trading. These are forex trading basics you should know.

    Forex Trading Basics

    Forex Strategies Guide For Day and Swing Traders 2.0 eBook. Over 300 pages of Forex basics and 20+ Forex strategies for profiting in the 24-hours-a-day Forex market. This isn’t just an eBook, it’s a course, building your skill step by step.

    5 Step Plan For Forex Trading Success – A strategy alone won’t make you a better trader. Follow this 5 step plan, which focuses on effectively implementing your strategies, to create forex trading success.

    The Best Way to Practice Day Trading to Gain Consistency – Market Replay lets you download historical trading days (in forex or futures) and trade them as if you were trading in real-time on that day. Download and trade as many days as you like, and trade them whenever you want. Practice day trading on weekends or evenings, and trade multiple sessions in one day if you wish.

    My Tactical Day Trading Cheat Sheet – This is my tactical day trading cheat sheet. It’s thing I do that make my trading easier and less complicated, so I can focus on what matters: implementing my strategies. Works whether trading stocks, ETFs, forex or futures.

    How Much Money Do I Need to Trade Forex? – Scenarios for how much money you will need to trade forex based on the type of trader you are and your goals.

    Why You Shouldn’t Take the Forex Bonus From Brokers – Loads of forex brokers offer a forex bonus. Don’t take it. The bonus creates issues and isn’t worthwhile. Don’t take a forex bonus till you read this.

    How Much Money Can I Make Swing Trading – Here are scenarios for how much money you can make as a swing trader, based on how often you trade, the risk/reward ratio of your trades, and the capital you start with. See scenarios for stocks, forex and futures.

    Understanding Forex Market Hours and Sessions and Their Impact – How forex sessions can affect different strategies. A trading tutorial on which hours of the day have certain tendencies.

    Forex Day Trading with $1000 (or less) – A blueprint for how to build an income with a small day trading account, by effectively utilizing risk controls, leverage and trading on a small time frame for a few hours a day.

    Forex Swing Trading with $1000 or Less – Swing trade with a small amount of capital. Here’s how to do it properly.

    Where to Set Stop Loss When Trading – An article on video on where to place a stop loss when trading, you minimize risk on your trades.

    What a Student is Learning About Forex Trading – A student learning forex shares tips and insights about he is learning and working on.

    How to Interpret Forex Sentiment Indicators – Looking at trader positions and opinion to gauge when a market is likely to keep trending or reverse.

    Forex Session Indicator MT4 – Download an indicator which highlights the various global trading session.

    Best Time of the Day to Day Trade Forex – The best time to trade major forex pairs based on hourly volatility studies.

    Dealing with Decreasing Volatility in the Forex Market – When volatility drops (or rises) your strategies may need to altered. Here is how to monitor volatility, and things to consider.

    Position Sizing Strategy for Forex Trading – How to determine what positions size to take…this is extremely important for long-term success.

    Differences in Forex Data Feed Can Affect Performance – Slight variations in prices between brokers can mean a big difference in your profitability.

    How to Use Forex Volatility Stats – How to use the forex volatility statistics provided on the Daily Forex Stats page to filter trades and assess market conditions.

    How to Use Forex Correlations Stats – How to use the forex correlation statistics provided on the Daily Forex Stats to filter trades, uncover hidden risks and opportunities.

    How to pick a forex broker that is right for you – Picking a broker is a big deal, here is a no BS guide to help you pick the best one for your trading style.

    How Much Forex Leverage? – Leverage is a double edged sword, here are specific examples of how much leverage to use based on your trading style and account size.

    How Much the Spread Affects Forex Day Traders – Forex trading isn’t free (even though you may not pay a commission), that spread affects you much more than you think.

    Forex trading basics

    One click trading, set your target and stop (in pips) before placing the trade.

    Level II quotes and instant execution. Try a FXopen ECN account today.

    Book Review: Currency Trading for dummies

    Updated: Dec 26, 2011, 08.42 AM IST

    Currency trading for dummies

    Think financial market trading and what comes to mind is stocks and commodities. After all, dabbling in assets such as company shares, gold, silver, copper, aluminium, even rice or oil, is fairly commonplace. But have you considered making money off currency movements?

    The advent of Internet-based trading catapulted currencies to the list of trading assets, but for a long time, forex trading was considered the domain of hedge funds, MNCs and banks. Now, however, the option is available to retail investors as well. In currency trading. investors make money by betting on the direction of the currency’s value. However, unlike other assets, this trading is always done in pairs since the value of currency is measured relative to other currencies. Consider the depreciating rupee, which has been consistently sliding against the dollar. So, those who had correctly predicted this slide against the dollar are sure to have benefited.

    Currency trading for dummies

    However, any successful trade requires a thorough understanding of the trading fundamentals, and currency trading is no exception. This is the only way you can predict, as opposed to blindly guessing, an asset’s future price direction with a degree of certainty. For instance, it’s crucial to understand the dynamics of demand and supply in the case of commodities, or factor in a company’s assets and liabilities while considering a stock. Likewise, before getting into the forex market, one needs to know the factors that can affect the value of a currency compared with the others.

    These factors are largely macro-economic and include interest rates, inflation rates, economic fundamentals of the countries in question, and policies of central banks. Moreover, currency values are highly correlated to other financial markets, such as stock markets, bond markets, and oil and gold prices.

    If all this sounds too complicated, help is at hand: Currency Trading for Dummies by Brian Dolan. The book covers everything, from the basics of the forex market to the macro-economic fundamentals at play. Once the foundation is laid, the book gets into trading strategies and technical analysis. According to the author, the latter is a good skill to hone because the ability to identify signals, be it resistance, support or anything in between, goes a long way in developing a sound trading plan. He then tells the readers how to develop and execute trading plans. The concluding sections offer tips for successful trading, flags trading mistakes and discusses risk management plans.

    Currency trading for dummies

    However, be warned since some sections of the book may not be relevant for the Indian readers. Due to the RBI restrictions on retail investors dabbling in direct forex trading, you can only trade through currency futures that are available on the stock exchanges. While the book looks at strategies relevant for direct forex trading, most sections focus on the fundamentals that are applicable in futures as well as direct trading. Take the way the author explains the inter-relationships between a currency and other financial markets. Critical factors such as inflation, interest rate differential and government deficits are also explained in such a simple manner that even a reader with no economics background will be able to digest it. Moreover, the technical analysis section, which is relevant to the stock and commodity markets, is well explained.

    Another thing in favour of the book is the way it covers the implications—albeit only partially—of economic data, such as labour statistics, consumer confidence, GDP, production figures and trade balance, all of which are released by the governments worldwide.

    Any way you look at it, this book is a valuable guide for investors, analysts as well as students of business economics. And it’s a cinch that the readers will be far from dummies after they finish poring through the book.

    Other Books on the Rack

    Day Trading and Swing Trading the Currency Market

    Go through it if you want to augment your knowledge acquired through the above-mentioned book. It presents advanced technical strategies for the forex market. It also covers a host of fundamentally oriented strategies involving inter-market relationships, interest rate differentials, option volatility, news events and central bank intervention.

    Currency trading for dummies

    Derivatives and Risk Management

    It’s for the more evolved reader, who wants to understand the structure and functioning of the Indian derivative market. The book clarifies concepts related to futures and options and is not only useful for currency futures but also for the stock and commodity derivatives.

    Currency trading for dummies

    Technical Analysis Applications

    A good guide for understanding the theory of technical analysis. In a step by step manner, it covers different trading patterns and trends, characteristics and uses of popular charts, be it candle and stick, bar charts or point and figure charts. This knowledge can be used across currency markets, stock markets, interest rate markets and commodity markets.