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Fx Beginners : Earn Whiles You Learn...Our main aim is to teach our members how to trade as professionals but not only to spoon feed them.
There is a great old saying that "when you train a child how to fish, he will fish for himself but if you always give him fish
he will not be able to get any when you are not present or incapable of doing so" Think about it!
Every prospective member of our site is strongly adviced to learn how to trade and that is why we are here! The good news is that you would and can make money even whiles you learn by subscribing to our buy and sell signals.
Our professionals will walk you through to your success.
Watch this video before you continue...
Learn ForexSection 1: Forex Basics What is Forex The use of indicators How to place a trade Section 2: Core Forex Skills and Strategy Mechanics of the Forex Market Best trading time zone Critical Forex Fundamentals How to use the News in Forex Trading Applying Technical Analysis in Forex markets The Importance of Divergence Important Forex Chart Patterns Setup your Forex Trading Account Section 3: Chart Setup How to apply indicators How to identify trends and breakout Trading psychology Money management Section 4: Live Trading UplineFx Trading System (small time frame) UplineFx Trading System (4hour Chart) UplineFx Trading System (Day Chart) Now the question: " What is Forex Trading?"Forex or Foreign Exchange is the simultaneous buying of one currency and the selling of another Currencies are traded in pairs. The Forex Market has more buyers and sellers and daily volume than any other known market in the world and takes place in major financial institutions across the globe. The forex market operates 24 hours a day and 5 days a week. Buying/SellingIn the forex market, currencies are always priced in paris and all trades result in the simultaneous buying of one currency and the selling of another. The objective of currency trading is to buy the currencey that increases in value relative to the one you sold. If a bought currency's price appreciates in value, then you must sell the currency back in order to lock in the profit. Quoting ConventionsCurrencies are quoted in pairs. The first listed currency is known as the base currency and the second is called the counter or quote currency. Currencies are quoted using five significant number, with the last placeholder called a point or a pip. For example a GBP/USD quote 1.1345/1.1350 Like all financial products, forex quotes include a "bid" and "ask" or a "sell" and a "buy" price. By quoting both the bid and ask in real time, brokers ensure that traders always receive a fair price on all transactons. As in any traded instrument,there is an immediate cost in establishing a position. The cost will vary between the different brokers and is sometimes called "spread". For example,USD/JPY may bid at 131.40 and ask at 131.45 ,this five-pip spread defines traders cost which can be recovered with a favourable currency move in the market. Click here to continue the training |
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