Ken asks…
What is meant by forex trading education?
admin answers:
Good evening Paul,
Not sure if this is a trick question?! Forex trading education is simply education in how to trade foreign exchange. Any such educational material is likely to consider a whole range of elements, such as technical indicators, pricing patterns, leverage, and the trading psychology.
Unfortunately, with such a broad question, it is difficult to provide a more targeted response. I would suggest that you read up on Forex trading if it is of genuine interest, and then come back with a more refined question that the Y! Answers community may be able to help you with.
Yours sincerely,
Christopher Kelly
John asks…
Forex – Forex Education in Pakistan?
How can i get free and best forex education in Pakistan ? I am NewBie and want to learn about forex …..I listen about the new and upcomming website which is providing free forex education and also free certification by taking online exam …. I am much interested about this new website… I Found a link of that website …. Few young forex bloods are working day and night to be a best forex website… It sort of under construcion … And will be lunch in Nov 05, 2009.
Http://www.forextradingevo.com
admin answers:
If you are a beginner, i suggest you to use Marketiva, which is a very good platform to start trading with and very easy to use.
Marketiva gives you 5$ real to start trading so you don’t have to deposit and if you made profit from it you can cash out, this is why it’s very good for beginners. Their platform is very easy to use and they have support during trading hours for your questions, doubts etc.
They also have chat channels where you can talk, exchange opinions and ideas with traders of your country or international traders.
To open your account please visit http://www.marketiva.com/index.ncre?gid=3371
Jenny asks…
A Good emini and Forex education?
Can someone please recommend a good emini system/education and the same for Forex. Please be relevant to only these to, don’t send in links that are other money making opps, sorry but I am really only interested in learning this at present. Also if you have any experience with who you recommend could you please detail it. Thanks so much.
Just so you know I am not looking for the easy way out, I am willing to work at it to become successful. I am not looking for a get quick scheme just guidance. I am first and foremost interested in trading the Futures Emini s&p500. In saying that I have an interest in Forex also, I don’t know which one to learn first so that i why i’ve asked for info on both.
admin answers:
You must be a genius to think you can handle two of the most difficult markets at the same time. Most of the few people that master these markets take years before they are consistanty profitable.
My first suggestion is to read;
Millionaire Traders by Schlossberg and Lein.
Schlossberg and Lein are well known in the Forex world… This book is mostly a general examination of what it takes to be successful trading.
The most important part of trading, money management and psychology are common to all markets. If you don’t master this… It doesn’t matter how much “technical” or “how to” books or classes you are involved in.
Here’s a general list of books. I’ve read just about all of them;
http:// blog .rebeltraders.net/reading-list/
You should also be lerarning “Techancal Analysis”. John Murphy, John Carter & Tim knight are good authors to start. Kathy Lein and Boris Schlossberg (each) have some decent technical analysis books in Forex.
This is hard work. Over 96% of all new traders are gone after the first 3-6 months. The few that remain have a small percentage that can be profitable.
Good luck.
Betty asks…
Free Forex Education?
Where can I learn about forex ?
admin answers:
Http://www.forextko.com offers FX education, real-time exchange rates, forex news, currency analysis, market forecasts and daily technical charts, Forex reviews of brokers, trading signal providers, courses, ebooks and managed accounts. They also offer a free book on forex for beginners http://forextko.com/Education
James asks…
best course for free forex education?
admin answers:
I believe there is as much free educational stuff for Forex as you will need. Don’t fall for these over-valued so-called seminars or courses.. The thing that will get you to success in forex trading is DISCIPLINE, the ability to consistently follow you trading rules.
You can search the internet for free forex resources but here’s one site that I think will give you the best free course: http://www.tradeology.com
They will email you a lesson each day for free.
There is also http://www.rapidforex.com but that will tell you about forex from scratch.
Good luck, good trading.
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