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Part 1: What Is Forex Trading ? – A Definition & Introduction.

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Part 1: What Is Forex Trading ? - A Definition & Introduction.
An Introduction to Forex Trading:
This free Forex mini-course is designed to teach you the basics of the Forex market and Forex trading in a non-boring way. I know you can find this information elsewhere on the web, but let's face it; most of it is scattered and pretty dry to read. I will try to make this tutorial as fun as possible so that you can learn about Forex trading and have a good time doing it.
Upon completion of this course you will have a solid understanding of the Forex market and Forex trading, and you will then be ready to progress to learning real-world Forex trading strategies.
What is the Forex market?
• What is Forex? - The basics...
Basically, the Forex market is where banks, businesses, governments, investors and traders come to exchange and speculate on currencies. The Forex market is also referred to as the 'Fx market', 'Currency market', 'Foreign exchange currency market' or 'Foreign currency market', and it is the largest and most liquid market in the world with an average daily turnover of $3.98 trillion.
The Fx market is open 24 hours a day, 5 days a week with the most important world trading centers being located in London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris, and Sydney.
It should be noted that there is no central marketplace for the Forex market; trading is instead said to be conducted 'over the counter'; it's not like stocks where there is a central marketplace with all orders processed like the NYSE. Forex is a product quoted by all the major banks, and not all banks will have the exact same price. Now, the broker platforms take all theses feeds from the different banks and the quotes we see from our broker are an approximate average of them. It's the broker who is effectively transacting the trade and taking the other side of it...they 'make the market' for you. When you buy a currency pair...your broker is selling it to you, not 'another trader'.
• A brief history of the Forex market.
Ok, I admit, this part is going to be a little bit boring, but it's important to have some basic background knowledge of the history of the Forex market so that you know a little bit about why it exists and how it got here. So here is the history of the Forex market in a nutshell:
In 1876, something called the gold exchange standard was implemented. Basically it said that all paper currency had to be backed by solid gold; the idea here was to stabilize world currencies by pegging them to the price of gold. It was a good idea in theory, but in reality it created boom-bust patterns which ultimately led to the demise of the gold standard.
The gold standard was dropped around the beginning of World War 2 as major European countries did not have enough gold to support all the currency they were printing to pay for large military projects. Although the gold standard was ultimately dropped, the precious metal never lost its spot as the ultimate form of monetary value.
The world then decided to have fixed exchange rates that resulted in the U.S. dollar being the primary reserve currency and that it would be the only currency backed by gold, this is known as the 'Bretton Woods System' and it happened in 1944 (I know you super excited to know that). In 1971 the U.S. declared that it would no longer exchange gold for U.S. dollars that were held in foreign reserves, this marked the end of the Bretton Woods System.
It was this break down of the Bretton Woods System that ultimately led to the mostly global acceptance of floating foreign exchange rates in 1976. This was effectively the "birth" of the current foreign currency exchange market, although it did not become widely electronically traded until about the mid 1990s.
(OK! Now let's move on to some more entertaining topics!)...
What is Forex Trading?
Forex trading as it relates to retail traders (like you and I) is the speculation on the price of one currency against another. For example, if you think the euro is going to rise against the U.S. dollar, you can buy the EURUSD currency pair low and then (hopefully) sell it at a higher price to make a profit. Of course, if you buy the euro against the dollar (EURUSD), and the U.S. dollar strengthens, you will then be in a losing position. So, it's important to be aware of the risk involved in trading Forex, and not only the reward.

admin

• Why is the Forex market so popular?
Being a Forex trader offers the most amazing potential lifestyle of any profession in the world. It's not easy to get there, but if you are determined and disciplined, you can make it happen. Here's a quick list of skills you will need to reach your goals in the Forex market:
Ability - to take a loss without becoming emotional.
Confidence - to believe in yourself and your trading strategy, and to have no fear.
Dedication - to becoming the best Forex trader you can be.
Discipline - to remain calm and unemotional in a realm of constant temptation (the market)
Flexibility - to trade changing market conditions successfully.
Focus - to stay concentrated on your trading plan and to not stray off course.
Logic - to look at the market from an objective and straight forward perspective.
Organization - to forge and reinforce positive trading habits.
Patience - to wait for only the highest-probability trading strategies according to your plan.
Realism - to not think you are going to get rich quick and understand the reality of the market and trading.
Savvy - to take advantage of your trading edge when it arises and be aware of what is happening in the market at all times.
Self-control - to not over-trade and over-leverage your trading account.
As traders, we can take advantage of the high leverage and volatility of the Forex market by learning and mastering and effective Forex trading strategy, building an effective trading plan around that strategy, and following it with ice-cold discipline. Money management is key here; leverage is a double-edged sword and can make you a lot of money fast or lose you a lot of money fast. The key to money management in Forex trading is to always know the exact dollar amount you have at risk before entering a trade and be TOTALLY OK with losing that amount of money, because any one trade could be a loser. More on money management later in the course.
• Who trades Forex and why?
Banks - The interbank market allows for both the majority of commercial Forex transactions and large amounts of speculative trading each day. Some large banks will trade billions of dollars, daily. Sometimes this trading is done on behalf of customers, however much is done by proprietary traders who are trading for the bank's own account.
Companies - Companies need to use the foreign exchange market to pay for goods and services from foreign countries and also to sell goods or services in foreign countries. An important part of the daily Forex market activity comes from companies looking to exchange currency in order to transact in other countries.
Governments / Central banks - A country's central bank can play an important role in the foreign exchange markets. They can cause an increase or decrease in the value of their nation's currency by trying to control money supply, inflation, and (or) interest rates. They can use their substantial foreign exchange reserves to try and stabilize the market.
Hedge funds - Somewhere around 70 to 90% of all foreign exchange transactions are speculative in nature. This means, the person or institutions that bought or sold the currency has no plan of actually taking delivery of the currency; instead, the transaction was executed with sole intention of speculating on the price movement of that particular currency. Retail speculators (you and I) are small cheese compared to the big hedge funds that control and speculate with billions of dollars of equity each day in the currency markets.
Individuals - If you have ever traveled to a different country and exchanged your money into a different currency at the airport or bank, you have already participated in the foreign currency exchange market.
Investors - Investment firms who manage large portfolios for their clients use the Fx market to facilitate transactions in foreign securities. For example, an investment manager controlling an international equity portfolio needs to use the Forex market to purchase and sell several currency pairs in order to pay for foreign securities they want to purchase.
Retail Forex traders - Finally, we come to retail Forex traders (you and I). The retail Forex trading industry is growing everyday with the advent of Forex trading platforms and their ease of accessibility on the internet. Retail Forex traders access the market indirectly either through a broker or a bank. There are two main types of retail Forex brokers that provide us with the ability to speculate on the currency market: brokers and dealers. Brokers work as an agent for the trader by trying to find the best price in the market and executing on behalf of the customer. For this, they charge a commission on top of the price obtained in the market. Dealers are also called market makers because they 'make the market' for the trader and act as the counter-party to their transactions, they quote a price they are willing to deal at and are compensated through the spread, which is the difference between the buy and sell price (more on this later).

admin

Advantages of Trading the Forex Market:
Forex is the largest market in the world, with daily volumes exceeding $3 trillion per day. This means dense liquidity which makes it easy to get in and out of positions.
• Trade whenever you want: There is no opening bell in the Forex market. You can enter or exit a trade whenever you want from Sunday around 5pm EST to Friday around 4pm EST.
• Ease of access: You can fund your trading account with as little as $250 at many retail brokers and begin trading the same day in some cases. Straight through order execution allows you to trade at the click of a mouse.
• Fewer currency pairs to focus on, instead of getting lost trying to analyze thousands of stocks.
• Freedom to trade anywhere in the world with the only requirements being a laptop and internet connection.
• Commission-free trading with many retail market-makers and overall lower transaction costs than stocks and commodities.
• Volatility allows traders to profit in any market condition and provides for high-probability weekly trading opportunities. Also, there is no structural market bias like the long bias of the stock market, so traders have equal opportunity to profit in rising or falling markets.
While the Forex market is clearly a great market to trade, I would note to all beginners that trading carries both the potential for reward and risk. Many people come into the markets thinking only about the reward and ignoring the risks involved, this is the fastest way to lose all of your trading account money. If you want to get started trading the Fx market on the right track, it's critical that you are aware of and accept the fact that you could lose on any given trade you take.

admin

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Part 1: What Is Forex Trading ? - A Definition & Introduction.
An Introduction to Forex Trading:
This free Forex mini-course is designed to teach you the basics of the Forex market and Forex trading in a non-boring way. I know you can find this information elsewhere on the web, but let's face it; most of it is scattered and pretty dry to read. I will try to make this tutorial as fun as possible so that you can learn about Forex trading and have a good time doing it.
Upon completion of this course you will have a solid understanding of the Forex market and Forex trading, and you will then be ready to progress to learning real-world Forex trading strategies.
What is the Forex market?
• What is Forex? - The basics...
Basically, the Forex market is where banks, businesses, governments, investors and traders come to exchange and speculate on currencies. The Forex market is also referred to as the 'Fx market', 'Currency market', 'Foreign exchange currency market' or 'Foreign currency market', and it is the largest and most liquid market in the world with an average daily turnover of $3.98 trillion.
The Fx market is open 24 hours a day, 5 days a week with the most important world trading centers being located in London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris, and Sydney.
It should be noted that there is no central marketplace for the Forex market; trading is instead said to be conducted 'over the counter'; it's not like stocks where there is a central marketplace with all orders processed like the NYSE. Forex is a product quoted by all the major banks, and not all banks will have the exact same price. Now, the broker platforms take all theses feeds from the different banks and the quotes we see from our broker are an approximate average of them. It's the broker who is effectively transacting the trade and taking the other side of it...they 'make the market' for you. When you buy a currency pair...your broker is selling it to you, not 'another trader'.
• A brief history of the Forex market.
Ok, I admit, this part is going to be a little bit boring, but it's important to have some basic background knowledge of the history of the Forex market so that you know a little bit about why it exists and how it got here. So here is the history of the Forex market in a nutshell:
In 1876, something called the gold exchange standard was implemented. Basically it said that all paper currency had to be backed by solid gold; the idea here was to stabilize world currencies by pegging them to the price of gold. It was a good idea in theory, but in reality it created boom-bust patterns which ultimately led to the demise of the gold standard.
The gold standard was dropped around the beginning of World War 2 as major European countries did not have enough gold to support all the currency they were printing to pay for large military projects. Although the gold standard was ultimately dropped, the precious metal never lost its spot as the ultimate form of monetary value.
The world then decided to have fixed exchange rates that resulted in the U.S. dollar being the primary reserve currency and that it would be the only currency backed by gold, this is known as the 'Bretton Woods System' and it happened in 1944 (I know you super excited to know that). In 1971 the U.S. declared that it would no longer exchange gold for U.S. dollars that were held in foreign reserves, this marked the end of the Bretton Woods System.
It was this break down of the Bretton Woods System that ultimately led to the mostly global acceptance of floating foreign exchange rates in 1976. This was effectively the "birth" of the current foreign currency exchange market, although it did not become widely electronically traded until about the mid 1990s.
(OK! Now let's move on to some more entertaining topics!)...
What is Forex Trading?
Forex trading as it relates to retail traders (like you and I) is the speculation on the price of one currency against another. For example, if you think the euro is going to rise against the U.S. dollar, you can buy the EURUSD currency pair low and then (hopefully) sell it at a higher price to make a profit. Of course, if you buy the euro against the dollar (EURUSD), and the U.S. dollar strengthens, you will then be in a losing position. So, it's important to be aware of the risk involved in trading Forex, and not only the reward.

admin

• Why is the Forex market so popular?
Being a Forex trader offers the most amazing potential lifestyle of any profession in the world. It's not easy to get there, but if you are determined and disciplined, you can make it happen. Here's a quick list of skills you will need to reach your goals in the Forex market:
Ability - to take a loss without becoming emotional.
Confidence - to believe in yourself and your trading strategy, and to have no fear.
Dedication - to becoming the best Forex trader you can be.
Discipline - to remain calm and unemotional in a realm of constant temptation (the market)
Flexibility - to trade changing market conditions successfully.
Focus - to stay concentrated on your trading plan and to not stray off course.
Logic - to look at the market from an objective and straight forward perspective.
Organization - to forge and reinforce positive trading habits.
Patience - to wait for only the highest-probability trading strategies according to your plan.
Realism - to not think you are going to get rich quick and understand the reality of the market and trading.
Savvy - to take advantage of your trading edge when it arises and be aware of what is happening in the market at all times.
Self-control - to not over-trade and over-leverage your trading account.
As traders, we can take advantage of the high leverage and volatility of the Forex market by learning and mastering and effective Forex trading strategy, building an effective trading plan around that strategy, and following it with ice-cold discipline. Money management is key here; leverage is a double-edged sword and can make you a lot of money fast or lose you a lot of money fast. The key to money management in Forex trading is to always know the exact dollar amount you have at risk before entering a trade and be TOTALLY OK with losing that amount of money, because any one trade could be a loser. More on money management later in the course.
• Who trades Forex and why?
Banks - The interbank market allows for both the majority of commercial Forex transactions and large amounts of speculative trading each day. Some large banks will trade billions of dollars, daily. Sometimes this trading is done on behalf of customers, however much is done by proprietary traders who are trading for the bank's own account.
Companies - Companies need to use the foreign exchange market to pay for goods and services from foreign countries and also to sell goods or services in foreign countries. An important part of the daily Forex market activity comes from companies looking to exchange currency in order to transact in other countries.
Governments / Central banks - A country's central bank can play an important role in the foreign exchange markets. They can cause an increase or decrease in the value of their nation's currency by trying to control money supply, inflation, and (or) interest rates. They can use their substantial foreign exchange reserves to try and stabilize the market.
Hedge funds - Somewhere around 70 to 90% of all foreign exchange transactions are speculative in nature. This means, the person or institutions that bought or sold the currency has no plan of actually taking delivery of the currency; instead, the transaction was executed with sole intention of speculating on the price movement of that particular currency. Retail speculators (you and I) are small cheese compared to the big hedge funds that control and speculate with billions of dollars of equity each day in the currency markets.
Individuals - If you have ever traveled to a different country and exchanged your money into a different currency at the airport or bank, you have already participated in the foreign currency exchange market.
Investors - Investment firms who manage large portfolios for their clients use the Fx market to facilitate transactions in foreign securities. For example, an investment manager controlling an international equity portfolio needs to use the Forex market to purchase and sell several currency pairs in order to pay for foreign securities they want to purchase.
Retail Forex traders - Finally, we come to retail Forex traders (you and I). The retail Forex trading industry is growing everyday with the advent of Forex trading platforms and their ease of accessibility on the internet. Retail Forex traders access the market indirectly either through a broker or a bank. There are two main types of retail Forex brokers that provide us with the ability to speculate on the currency market: brokers and dealers. Brokers work as an agent for the trader by trying to find the best price in the market and executing on behalf of the customer. For this, they charge a commission on top of the price obtained in the market. Dealers are also called market makers because they 'make the market' for the trader and act as the counter-party to their transactions, they quote a price they are willing to deal at and are compensated through the spread, which is the difference between the buy and sell price (more on this later).
Advantages of Trading the Forex Market:
Forex is the largest market in the world, with daily volumes exceeding $3 trillion per day. This means dense liquidity which makes it easy to get in and out of positions.
• Trade whenever you want: There is no opening bell in the Forex market. You can enter or exit a trade whenever you want from Sunday around 5pm EST to Friday around 4pm EST.
• Ease of access: You can fund your trading account with as little as $250 at many retail brokers and begin trading the same day in some cases. Straight through order execution allows you to trade at the click of a mouse.
• Fewer currency pairs to focus on, instead of getting lost trying to analyze thousands of stocks.
• Freedom to trade anywhere in the world with the only requirements being a laptop and internet connection.
• Commission-free trading with many retail market-makers and overall lower transaction costs than stocks and commodities.
• Volatility allows traders to profit in any market condition and provides for high-probability weekly trading opportunities. Also, there is no structural market bias like the long bias of the stock market, so traders have equal opportunity to profit in rising or falling markets.
While the Forex market is clearly a great market to trade, I would note to all beginners that trading carries both the potential for reward and risk. Many people come into the markets thinking only about the reward and ignoring the risks involved, this is the fastest way to lose all of your trading account money. If you want to get started trading the Fx market on the right track, it's critical that you are aware of and accept the fact that you could lose on any given trade you take.

admin

The Best Way to Learn Forex Trading.
If you've looked into trading Forex online and feel it's a potential opportunity to make money, you may be wondering about the best way to get your feet wet and learn how to get started in Forex trading.
It's important to have an understanding of the markets and methods for Forex trading so that you can more effectively manage your risk, make winning trades, and set yourself up for success in your new venture.
The Importance of Getting Educated.
To trade effectively, it's critical to get a Forex education. You can find a lot of useful information on Forex here at The Balance. Spend some time reading up on how Forex trading works, making Forex trades, active Forex trading times, and managing risk, for starters.
As you may learn over time, nothing beats experience, and if you want to learn Forex trading, experience is the best teacher. When you first start out, you open a Forex demo account and try out some demo trading. It will give you a good technical foundation on the mechanics of making Forex trades and getting used to working with a specific trading platform.
A fundamental thing you may learn through experience, that no amount of books or talking to other traders can teach, is the value of closing your trade and getting out of the market when your reason for getting into a trade is invalidated.
It is very easy for traders to think the market will come back around in their favor. You would be surprised how many traders fall prey to this trap and are amazed and heartbroken when the market only presses further against the direction of their original trade.
The famous and painfully true statement from John Maynard Keynes states, "The market can stay irrational, longer than you can stay solvent." In other words, it does little good to say the market is acting irrationally and that it will come around (meaning in the direction of your trade) because extreme moves define capital markets in the first place.
Use a Micro Forex Account.
The downfall of learning Forex trading with a demo account alone is that you don't get to experience what it's like to have your hard-earned money on the line. Trading instructors often recommend that you open a micro Forex trading account or an account with a variable-trade-size broker that will allow you to make small trades.
Trading small will allow you to put some money on the line, but expose yourself to very small losses if you make mistakes or enter into losing trades. This will teach you far more than anything that you can read on a site, book, or Forex trading forum and gives an entirely new angle to anything that you'll learn while trading on a demo account.
Learn About the Currencies You Trade.
To get started, you'll need to understand what you're trading. New traders tend to jump in and start trading anything that looks like it moves. They usually will use high leverage and trade randomly in both directions, usually leading to loss of money.
Understanding the currencies that you buy and sell makes a big difference. For example, a currency may be bouncing upward after a large fall and encourage inexperienced traders to "try to catch the bottom." The currency itself may have been falling due to bad employment reports for multiple months. Would you buy something like that? Probably not, and this is an example of why you need to know and understand what you buy and sell.
Currency trading is great because you can use leverage, and there are so many different currency pairs to trade. It doesn't mean, however, that you need to trade them all. It's better to pick a few that have no relation and focus on those. Having only a few will make it easy to keep up with economic news for the countries involved, and you'll be able to get a sense of the rhythm of the currencies involved.
After you've been trading with a small live account for a while and you have a sense of what you're doing, it's ok to deposit more money and increase your amount of trading capital. Knowing what you're doing boils down to getting rid of your bad habits, understanding the market and trading strategies, and gaining some control over your emotions. If you can do that, you can be successful trading Forex.
Managing Risk.
Managing risk and managing your emotions go hand in hand. When people feel emotional, greedy or fearful, that is when they make mistakes with risk, and it's what causes failure. When you look at a trading chart, approach it with a logical, objective mindset that only sees the presence or lack of potential; it shouldn't be a matter of excitement. If pulling the trigger on a trade feels emotional in any way, you should re-evaluate why you're not able to be objective.
The Balance does not provide tax, investment, or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal.

admin

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You don't always need indicators to make money from the Forex markets. Naked Trading is about interpreting clean charts and price action found at key support and resistance levels.
FX Propulsion Strategy™
A proprietary Forex trading strategy developed in-house and executed profitable for the past 12 years. This intraday approach uses indicators to highlight bullish and bearish markets.
Trend Surfing Strategy.
Here we capture BIG Forex market movements as currency pairs trend. We cut losses quickly and let winners run giving us a extremely favourable risk:reward ratio. Every successful Forex trader must have a trend following strategy in their toolbox.
But that's not all.
There's so much to sink your teeth into!
Daily Live Streams.
Follow our team of successful Forex traders in real time across every session. Ask any Forex market related question you want and have it answered almost instantly!
$1,500 Giveaway.
We pay it forward! Each month we reward members with $1,500 in cash. Be sure to tune in during the NFP announcement to be in with a chance at winning.
Live Messaging.
Discuss trading and markets with community members throughout the day. Our members range in experience from complete newbies to full time professionals.
Global News.
Receive access to breaking market news directly inside the Trading Room through our exclusive Twitter feed.
A Trading Room Like No Other.
Cross-Platform Friendly. Unrivalled Technology and Learning.
Latest Trading Idea.
EURGBP BUY . Entry 0.8886 . Join Trading Room to see the chart, trade description and TP/SL levels .

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Forex Trading Forum.
For further test results, click on the graph. Maximum drawdown viewed: FXblue (stats-charts-Floating P/L% hourly) or myfxbook link. For monthly return table click to our review page!
Price: 199 USD Broker name: FBS Timeframe: H1 Money Back Guarantee.
For further test results, click on the graph. Maximum drawdown viewed: FXblue (stats-charts-Floating P/L% hourly) or myfxbook link. For monthly return table click to our review page!
Price: 175 USD Broker name: unknown Timeframe: H1.
For further test results, click on the graph. Maximum drawdown viewed: FXblue (stats-charts-Floating P/L% hourly) or myfxbook link. For monthly return table click to our review page!
FXStabilizer EA Review - Live Test FXStabilizer EA is an innovative Forex Expert Advisor and profitable FX Trading Robot created by the FX Builder team. This team has been working hard for years, to be able to create this unique money maker trading algorithm. The Expert Advisor contains many market leader innovations. You can setup everything easily within minutes. FXStabilizer EA's advantage: Adjusting to the market continuously that's why this Forex robot is still. Check it now!
MetaTrader , or simply referred to as MT, is a popular trading platform used for online Forex trading. Though it's a complex trading platform which requires certain knowledge and skills to run it, beginner traders no longer have to worry about it learning all these skills. With the right Forex robot or an Expert Advisor (EA), you can set your Forex trading in the right direction with few simple clicks.
For those of you who are wondering, it's not a marketing trick or play of words. Our digital world has progressed so far that Forex trading can be automated according to certain conditions that are set and controlled by humans. You can choose to use your demo account or the live account to try and run such robotic system software for Forex trading.
MetaTrader 4 is what most traders prefer nowadays. You can choose to get your hand on the best Forex robots for MetaTrader 4 in order to multiply your chances of success while minimizing time spent chasing this success. Remember thousands of people have already benefited from these Forex robots; however, a big chunk of aspiring Forex traders is still unaware about them. So, be proactive and take action today before everyone becomes aware of this amazing facility.
The overall process of using Forex robots is as painless as you can imagine. All you need to do is to be careful when selecting the source of your expert advisor. When it comes to EA reviews, www.BestEaRobots.com is undoubtedly one of the best Forex Robot and EA review sites available out there. So, now it is up to you to give up on waiting and visit this amazing website in order to get more knowledge related to EAs and Forex robot systems along with information about how to download them.
What's next? Step by Step:
1. Brokers 2. Forex Robot (Purchase - install - setup) 3. Windows VPS.
Forex Brokers Review.
IC Markets Good choice. Why?
True ECN STP Broker. No market maker ! Low Spread !
Use: Good Forex Account Type: "True ECN" Leverage: 1:500 (USD or Euro account) download: metatrader 4 (or MT4) platform !
IB Number: 3992. Open an account through this page, by clicking to IC Markets logo above!
XM Best Fast Online Trading !
Read it: XM review.
Best Forex Robots.
Which Forex robot Software is best? Read more "Best Forex robots for mt4"
Forex VPS.
Windows Vps.
It is easy, handy, comfortable to use VPS instead of keeping on your PC all the time, not to mention the importance of having continuous, stable internet connection. Use: Windows VPS. Vps companies: Click the buttons on the Navigation Bar (on the left side)
We hope you find it useful to earn money on markets!
Please register now ! For more information use our Forex robot forum and newsletter ! I recommend doing your due diligence before purchasing any expert advisor that have not been fully reviewed.
Bestearobots Team : " We are working harder really looking for ways to make trading easier for everyone with a high level of success " Hard EA's Comment. This is the reality!
Best EA Robots Site Description.
Top EA table interactive ! Example: Click "Running time (day)
Results are verified by MyFxBook & FX Blue ( soon FPA)
You can compare and review Forex robots performance to help decide which is the best Forex robot for you. it helps you: Forex robot VS Forex Robot Easy to use! Here you can compare 2 Expert Advisors.
For each Forex robot the table also includes a link to my review describing it in detail and also a direct link to the Forex ea website.
Table above is updated periodically. ( Updated every 30 minutes)
Attention !
* - In case the FLOATING P/L goes under 25%
Hard EA's Comment !
To have an even ground, I am attempting to target a 10% - 40% monthly return and a maximum of 25% as drawdown .
"Testing Stopped" - In case the loss of the account is too high I stop the test.
After 100 days We stopped running this Expert Advisor because of weak or negative results.
Forex EA Guide for beginners:
The following conditions:
Real Forex Trading Account.
View result: FX Blue and MyFXbook.
Good profit result (min 3 month)
Low Drawdown and hard protection.
Fully Automated.
Low or Medium Price.

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Please check:
Minimum deposit :? Leverage: ? ECN or Standard account?
Forex Account Protection ? (Stop loss and Maximum Drawdown and news filter)
Maximum drawdown info: FXblue (stats-charts-Floating P/L% hourly) or myfxbook link.
New protection: Broker Spy Module -Wall Street Forex EA.
Gain : Take and percent gain.
Trading strategy ( scalp , hedge, gr >martingale , news , etc.)
Work from home opportunity - with stock exchange trading!
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We have many ideas that can help make you and us richer so stay with us and we will succeed!
We are committed looking for the best trading systems, whether EA'S or trading signals. Forex trading is so difficult and we will help you to be able to choose the trading ea according to your needs. A lot of Forex traders spend years of trading Forex with almost no success, but we provide a proven track of records to ensure that these Best Forex EA'S will really help to improve your trading success.
We are happy to assist you in the installation and usage (robot setting)!
It is worth to check the trading live accounts!
Create indicators and Forex Robot strategies with a few clicks!
No programming required. Easy to Use.

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Forex Trading Strategies.
Forex Trading Strategies Welcomes You To 2019!
Make sure you sign up for my free Forex and Cryptocurrency charts I publish every weekend.
If you want to start online Forex trading in 2018 or just looking for best Forex 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:
Forex scalping strategies (choose from 14 Forex scalping systems) Currency News Trading Strategies (choose from 3 strategies) Price Action Trading Strategies (64 trading strategies to choose from) Simple Trading Strategies Suitable for For Beginners (37 trading strategies to choose from) Complex Trading Strategies For Advanced Traders (9 Forex trading strategies to choose from) Advanced Trading Strategies (15 trading strategies to choose from)
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:
Reason for taking the trade: why buy or sell? And what currency pair? Timing of the trade: why buy now? should you buy or sell after economic news release? Asian session, London session? New York session? Trading objective: what's the profit target? What's your stop loss? Money management? How much are you risking per trade? Per day? 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 Forex Trading Strategies.
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:
You can spend a lot of money on buying a Forex trading strategy that does not fit your trading style. 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:
You have the option to test them out without paying for them and eventually find a trading system that suits you. 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.
for a list of Forex scalping systems , click here.
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:
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.
for a list of Forex currency news trading strategies click here.
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.

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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 Forex Trading Strategies 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.
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 Forex Trading Strategies.
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.
for a amazing list of complex Forex trading strategies click here .
6. Advanced Forex Trading Strategies.
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.
for a huge list of advanced Forex trading strategies, click here.
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:
the condition(s) that should trigger you to buy or sell. where to place your stop loss order , where to place take profit target 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:

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Trading Contests on Demo Accounts - ForexCup.
Take your first step in the Forex Market together with ForexCup - join our trading competitions, develop your skills and become professional traders!
ForexCup invites you to join Forex-contest on demo accounts. The website has launched about 6 years ago. During that time more than 25.000 traders appreciated great advantages of it.
Why ForexCup is so special?
Make 3 simple steps in order to join ForexCup:
Don't miss your chance - start earning with ForexCup right now!
Top-5 best traders.
Results of Forex School Contest Announced.
"Forex School"--a free trading contest for demo accounts--ended on September 27. For four weeks, more than 700 participants were actively competing for the prize money of 4,000 USD. So, we have received the results of the contest and present the winners to you: Account number: 3041842; balance.
"Money Managers" - a contest on real PAMM accounts with real money prizes.
Join "Money Managers", a contest on real PAMM accounts, and win real money prizes from $2,000 to $3,000. The competition starts on September 30. REGISTER HERE Conditions of the contest Dates: September 30 - December 27, 2019; Registrationis already open and will last until November 1; Prize fund.
Results of The Lord of the Crypto Contest.
The demo contest for cryptocurrencies fans "The Lord of the Crypto" ended on September 6. For four weeks, more than 600 participants were deeply involved in the competition for the prize money of 3,000 USD. So, we have received the results of the contest and presenttop 10.
'My personal advice for newbies is not to give up, get despaired or fear to make a mistake or lose. Learn from your mistakes! You'll never win if keep thinking of yourselves as of a loser not even trying to prove the opposite. I'd also recommend staying calm and never be guided by your emotions. I do believe it will help you to make your way to a success.'
Vladislav Dobrovolski , the winner of Moldova Forex Championship.
© 2014-2019 ForexCup. All rights reserved.
ForexCup is the project of Forex contests which are provided with prizes and bonuses from FXOpen. Please, be aware that trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgment as to whether trading is appropriate for them.

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Best Forex Trading Courses.
If you're looking to get started in Forex trading, an online Forex trading course is a great way to introduce yourself to the market while avoiding costly beginner's mistakes.
Sarah Horvath.
Contributor, Benzinga.
Get up to 90% off of Udemy's Forex Trading A-Z course.
Get up to 90% off of Udemy's Forex Trading A-Z course.
As the world becomes more and more interconnected and countries begin to rely on imports and exports to keep their economies functioning, Forex trading has risen up as a popular alternative to stock trading. Forex traders enjoy the freer schedule that comes along with the decentralized currency market, which forgoes the traditional 9-to-5 schedule on which Wall Street operates.
Quick Look: The Best Forex Trading Courses You Can Take Right Now.
Contents [ Hide ]
Characteristics of a great Forex course.
Though most online Forex courses will come along with their own unique teaching method, language choice, or "gimmick" to attract their target market, valuable and educational courses all share these three common characteristics:
1. The instructor keeps the material fun and engaging.
Holding a student's interest is much more difficult for an online instructor to do than an in-person instructor, as online courses must compete for a limited pool of attention with everything from television screens to children running around.
The best online courses use live demonstrations, video recordings, graphs, and other supplemental materials to break up massive walls of text and keep the students engaged.
2. The course is mechanically fully functional.
Unlike a textbook, which allows you to flip to the material you need and dive in, online course material requires the instructor to possess a certain level of technical proficiency.
The best online Forex courses keep the material up to date and fresh by ensuring that all links work and video clips play without excessive loading times or constant buffering.
Bonus points can be awarded to the courses that format materials for mobile or offer separate downloads aimed at on-the-go learners.
3. The course material is professionally presented.
You can tell how much an instructor cares about his or her material by how professional its presentation is .
Keep an eye out for spelling errors, text that's in an unusual or unreadable font, poor design choices, and material that seems to proceed in an illogical order, as these are all signs that the instructor has not thoroughly proofread his or her material.
If the instructor can't be bothered to care about the course's content, how can he or she expect his or her students to?
Our picks for the best Forex courses.
Based on the criteria above, we made our picks for the best Forex courses available on the web at a wide range of price points.
1. "Forex Trading A-Z" from Udemy.
Who's it for? Beginning to advanced traders.
Price: $12.99.
"Forex Trading A-Z" is an in-depth course to teach you the complete ins and outs of the entire Forex market, including how to trade and make money off currency movements.
Whether you are starting at the beginning, or looking to brush up your skills and get the most relevant information, "Forex Trading A-Z" is a lifetime subscription where Kirill Eremenko, your instructor, gives you unlimited lifetime access to his constantly-updated content.
Eremenko wants to show investors proof that trading Forex can truly make you a profit. His course includes detailed lessons about currencies, charts, bulls & bears, short selling, a review of honest brokers to use when trading, how to read the Calendar of Economic events to master the diverse and worldly marketplace, a Forex Market Hours wallpaper for your timezone, and much more.
Whether you're new to everything Forex or looking to add to your ever-growing understanding of trading international currencies, Eremenko is bringing over seven years of experience to your home through his Udemy course.
2. DailyFX.com.
Who's it for? Beginning to intermediate traders.
Price: Free.
DailyFX.com is a Forex education website that offers a number of courses that gradually increase in complexity and depth, similar to the structure you'd receive if you were following a traditional university track .
The site offers four levels of instruction, ranging from "beginner" to "expert," as well as supplemental eBooks, podcast episodes, and live charts to support the concepts covered in the courses.
DailyFX.com, as its name suggests, also offers daily news and currency picks to keep students up to date on the latest in market movements.
Best of all, its resources are free for anyone to use--all you'll need to provide is an email address, and it will deliver trading guides directly to your inbox. DailyFX.com is best used by the novice or intermediate trader who has a basic grasp of Forex is but still requires a lot of hand-holding and instruction when it comes to the nitty-gritty.
3. Forex Strategies: Kelly Criterion, Larry Williams and More from Udemy.
Who's it for? Intermediate to advanced traders.
Price: $12.99.
A Sample of Forex Strategies: Kelly Criterion, Larry Williams and More Source: Udemy.com.
If you've got the basics down, it's time to seriously start considering your trading strategy. "Forex Strategies: Kelly Criterion, Larry Williams and More" takes a look at historically successful trading strategies, including from Larry Williams, who turned $10,000 into $1.1 million in 12 months.
Catering to an audience of all types of traders, including Forex, this course will allow you to learn and evaluate risk management techniques, case studies to apply to real life situations, and gain an understanding of trading methods like the Kelly Criterion.
The course will also cover the logic presented by Ryan Jones in his book "The Trading Game," taking all of this a step further and showing you how to apply these processes to your own trading.
The course comes in the form of a three-hour video, two articles, two downloadable resources, lifetime access after purchase, and many more features to help you access and retain your course.
4. Platinum Trading Academy.
Who's it for? Beginning to professional.
Price: Free.
Though Platinum Trading curriculum is written with an English audience in mind, American students will find their courses equally as engaging and educational.
PTA offers a wealth of trading tools, blog posts and video lessons available for free on its site --great for giving students a "feel" for the tone and material of instructors before committing to a purchase.
PTA offers a number of levels of Forex trading courses, ranging in prerequisite knowledge from "total beginner" to "seasoned professional."
The most unique aspect of its educational offerings is its "Trading Television," which provides traders with real-time tips and demonstrations .
From live trading bulletins that offer daily recommendations on which currencies to buy and sell to live chats and interviews with senior trading experts, Platinum Trading Academy's offerings are exceptionally diverse and a great fit for any Forex trader, no matter their skill level.
5. Bizantra.
Who's it for? Beginning to advanced traders Price: £99, sponsored packages available.
Though many Forex traders are attracted to the international currency market because it allows them to trade on their own time, Bizintra places focus on the importance that live demonstration has on a trader's understanding of the Forex market.
The cornerstone of their platform is the "signals and trades room," where students can tune in live with seasoned traders Jason Sen and Nick Leeson , each of whom have over 30 years of experience working in the financial and trading industry.
Live trading sessions are also supplemented by on-demand video tutorials, trade reviews, and training courses that focus not only on helping traders understand the strategies and technical indicators they'll need to know to be successful, but also helps them build confidence in their knowledge as well.
Subscriptions to Bizintra's platform and ongoing educational resources are sold on a monthly basis and start at about $130 USD a month. The site also offers a limited number of "sponsored packages" each month, which come along with no fees or contracts.
If you're serious about trading but don't have the funds to commit, applying once or more for sponsorship can be your ticket to Bizintra's offerings.
6. Learn to Trade.
Who's it for? Beginning traders.
Price: Free trial, then fee for the mentorship program.
Learn to Trade is an Australian-based platform that's great for absolute Forex beginners.
Though more experienced traders might find the introductory information to be of little use, Learn to Trade's lead instructor Greg Secker's teaching style is fun, easy to follow and dynamic, distilling complicated concepts into more digestible "bites" of information .
Learn to Trade offers a few introductory lessons for free before introducing students to their paid mentorship programs. If you're located in Australia, you can also pop in at one of their free trading workshops.
Learn to Trade also offers one-on-one Forex coaching and training as well . While this is a more expensive option than most other online courses, it might be the right choice for a student who requires a more individualized approach to learning or who needs that extra push of confidence and motivation.
7. TradingAcademy.com.
Who's it for? Beginning to advanced traders.
Price: Tuition, not including reimbursement program.
TradingAcademy.com formulates its courses to replicate an in-person university education . A syllabus is provided on the first day of every new course, and students are encouraged to talk and share information through the site's "mastermind community," which pairs up Forex and trading novices with professionals for a more intimate learning experience.
Unlike an in-person course, however, students have unlimited lifetime access to TradingAcademy.com's resources even after "graduation." TradingAcademy.com also offers a unique tuition rebate program that encourages students to use the information they've learned in a real-world setting.
After completion of the course, students are given a voucher that they can submit to their broker that returns 10-20% of gross commissions to the education platform on a rolling basis. The company then reimburses the cost of tuition--meaning that for the most active traders, the eventual cost of education can be equal to $0.
8. Forex School Online.
Who's it for? Beginning to intermediate traders.
Price: Free.
As its name suggests, Forex School Online is a website devoted entirely to helping students grasp the basics of the Forex trading sphere. Forex School Online offers two courses: a beginner's course aimed at novices that's available for free, and a more advanced trading course that covers strategies, technical indicators, and the psychology of Forex trading.
Perhaps one of the most unique and standout aspects of Forex School Online is the support that lead instructor Johnathon Fox offers his students.
Enrollment in Forex School Online's "Price Action Trading Course" gives students direct access to support from Fox via email , and he's open and available for both questions and comments regarding the site's functionality and how it can be improved.
9. Six Figure Capital.
Who's it for? Beginning traders.
Price : £800 for a lifetime membership.
Six Figure Capital's strengths lie largely in its design and aesthetics--the website and sample platform look great, and you can tell that Lewis Glasgow has poured a ton of passion into his project.
Presented in a straightforward and simple format, Six Figure Capital offers a 14-day crash course in entering the Forex market, along with a number of trading strategies and lessons on indicators.
Though the course is shorter than most other options included on the list, it manages to pack a massive amount of information into its material without overwhelming you. Students also have access to a community forum, live market analyses, and nine supplementary modules.
You can finance your education via a one-off fee, or you can take advantage of Six Figure Capital's payment plan that makes tuition more affordable by breaking up payments into 12 monthly "chunks."
Final thoughts.
More so than any other market, the Forex trading sphere is dynamic and changing on an hour-to-hour basis.
The best Forex trading courses don't just teach you the technicalities of how to operate the platform and choose which currencies are worth investing in--they also offer you information and reliable, unbiased sources for the news you need to understand why the global economy is moving the way it is.
A single corporate decision, new tax policy, or election in any country can affect what your money is worth. Looking to learn more about the Forex market before you commit to an online course?
Check out Benzinga's crash course in Forex trading or follow our Forex trading breaking news feed to get a grasp on the global economy before you buy.