The forex currency (FX) market has many similarities to the equity markets; however, there are important differences. This article by by Justin Kuepper at Investopedia.com will show you those differences and help you get started in forex trading.
Topics Covered;
Choosing a Broker: Quality Institution,Extensive Tools and Research, Wide Range of Leverage Options,Account Types
Things To Avoid: Sniping or Hunting, Strict Margin Rules
Define a Basic Forex Strategy: Fundamental Analysis,Technical Analysis
Finding Your Strategy – Most successful traders develop a strategy
Things to Remember: Open a demo account, Trade without emotion, The trend is your friend
The Bottom Line – “The forex market is the largest market in the world, and individuals are becoming increasingly interested in it. But before you begin trading it, be sure your broker meets certain criteria, and take the time to find a trading strategy that works for you. Remember, the best way to learn to trade forex is to open up a demo account and try it out. (Ready to try forex trading without risking your money)”?
I hope the above currency trading article was of help to you.
Anthony DiChi at TradeCurrencyNow,
America’s Forex News and currency information source.