Learning Forex Trading - The Secrets of a Real Trader Revealed

Learning Forex trading is not easy and simple process. You have to consider the following important things if you want to survive as a Forex trader and save your mind. Forex market is not for unemployed or for people with low incomes, who can't pay their bills. You should have trading capital at least $5000 and be prepare to lose. Don't expect to open an account with a few hundred bucks and become a millionaire.

Forex market is one of the most popular markets for speculation, but 90% of the new traders lose their money within 3 months. Only 8-10% of traders have success on a long-term basis. Currency trading is not an amateur game and is not a Get Rich Quick Scheme. You can't make big profits without taking big risks. Trading strategy that includes taking big risk often means suffering large losses.

Learning Forex trading requires skills, and skills take time to learn. Skilled traders can and make a lot of money in the Forex market, but their success doesn't happen overnight. The truth is that even expert traders with years of experience still meet periodic losses.

One of the most important lessons when learning Forex trading is that if you want to survive as a trader you have to take losses quietly and easy. Nobody is 100% right all the time. Losses are inevitable. Even people like Tiger Woods or Michael Jordan lose sometimes although they are the best in their field. So even the best Forex traders happen to lose, but the main thing is not to lose your head and keep control of yourself.

When you lose money, take a break and breathe. Relax and calm down. Take a drink or a pie. Try to stay away from the market until you are able to think logically again and feel in clear mind. The key to deal with losses is to cut them immediately before a small loss becomes a large one. Get over the loss and move on to the next trade.

The next very important rule about learning Forex trading is not to open a live trading account until you are trading profitably on a demo account. You have to trade demo at least for 2 months and when you feel ready, open mini real account. Learning Forex trading rules and principles will give you a chance to be a winner at Forex trading, but it requires hard work, little luck, dedication and concentration.

How to Find Forex Trading Courses

If you are reading this article, then you're probably interested in learning how to trade the foreign exchange market, but don't know where to begin. There are many people and organizations claiming to have all the answers for successful forex trading. The best way to begin learning forex is to register for one of the many forex trading courses available and try them for yourself. Before you begin, it's important that you register for a forex trading course that will give you the information you need to succeed.

Watch out for those claiming that the forex training they provide is guaranteed to make you rich. You need to focus on learning everything you can about forex trading and the foreign exchange market itself, before you even think about profits. Profits are important, but you can't get to those profits without a proper forex trading education. If you're truly interested in making a profit trading in foreign currency, you must learn about the market, its fluctuations, as well as the risk and rewards.

Before you sign up for a forex trading course, consider how much knowledge you already have about foreign exchange. If you have basic knowledge but feel that you need more to succeed in the foreign exchange market, you may want to consider a forex educational course that you can take online for the additional information. With some background information on foreign currency, you may even want to consider signing up for a free forex training course.

If, on the other hand, you have no idea how to calculate U.S. dollars (USD) to euros (EUR), there are many beginners' forex trading courses available. Many of these forex training classes are available online for convenience and at local learning annexes for a more in-depth study of trading foreign currency.

Since you're looking into currency trading to supplement your income, it's also important that you don't fall prey to overpriced forex trading courses. While you should expect to pay some fee for these courses, you shouldn't over extend yourself learning how to make money. If your forex training guide charges too much, move on to the next teacher. With so much information, available, learning forex is as simple as purchasing a book or signing up for a class.

There isn't just one forex educator from whom you need to learn; find a forex training class that promises to teach you the basics at a price that you can afford. Since the forex market isn't bound to one single location, such as the New York Stock Exchange, you can find classes online that provide you with free demos. If your budget doesn't allow for expensive forex trading courses, a little research will yield plenty of results for free forex training.

The best way to begin learning forex is to sign up for a training course. If you decide to sign up for a free forex training course, supplement what you learn with books on foreign currency, watch the market for changes, and learn everything you can through other inexpensive means. You don't have to be a millionaire to find success in forex trading; all you need are the proper tools for success. Learning forex and changing your financial future all begin with the right forex training.

Event Forex Robot Turned $10K Initial Deposit Into $13M in 8 Years!

Every few days, a new Forex robot is being released. You can find a lot of Forex robots in the market now. Some are good, some are bad and some are real good. It seems that automated trading has become the latest fad amongst the Forex trading community. The most obvious reason is simple. Automated trading gives you the chance to make a lot of money without having to spend all day infront of the computer. You just need to learn MQL4 programming in order to write a good robot program. The robot porgram will do just as you had programmed it and if you have programmed it well, it can make you a lot of money.

But the problem is most of the Forex traders have no idea how to write programs in MQL4 language. Writing programs is not an easy thing. It takes a lot of training and learning only then you will be able to write a good program in MQL4. So, in order to bridge this gap a fx robot vendor industry has developed. Fx robot vendors search for good trading systems. When they find one, they contact good programmers, either hire them or pay them to convert that trading system into an automated system.

Forex robot vendor industry is so hot right now that every few days, you are going to find a new Forex robot being launched in the market. Now, most of these robots are just simple pieces of junk software that have been written by programmers having no inkling of how to trade Forex. So, how do you know this is a good robot and this is a bad robot.

Most of the time, fx robot vendors talk about the backtest and the forward test as a proof that their robot is good. Backtesting is done with historical data. Historical data relates to the past markets. So, what happened in the past may not work now in the current market. In addition to this limitation of a backtest, a back test ignores slippage that is ever present under live market trading conditions. What this means is that a backtest is no guarantee that the robot is going to work under the live market conditions.

The same thing goes with the forward test. Whatever, to tell you the truth, there is no substitute for live trading results. So, if a Forex robot vendor is unable to show any live trading results on their website, it means that this robot has been never tested on a real money live trading account. It is a raw piece of software that may or may not work.

However, if the Forex robot vendor is able to show live trading results on the website, this means that the robot has been tested under the live market conditions. You should pay close attention to the live trading account statements and see how well it has been performing under the live market condition.

Event Forex Robot is one such robot that has been trading live for the last 9 years. Yes, 9 full years. The developer of this robot Mark Roth is going to release it soon. He will also release the full details of the full 9 years of Real Money Live Trading Account Statements. This is an astounding piece of software. Event Forex Robot turned $10K into $13M in 8 consecutive years without ever getting a single margin call. This robot made an astounding $65,862 from just one trade. It made 14 consecutive winning trades and so on and so forth.

The developer of this Event Forex Robot will let you test it RISK FREE for 60 days. This is a good opportunity for you to test a good Forex robot on your demo account. As always, never trade with a Forex robot straight away. First test it thoroughly on your demo account and only trade live when you are satisfied with it's performance on the demo. By testing, you come to know a lot about the Forex robot and it's performance.

Learning Forex Trading

Have you always wanted to learn to trade forex, but you're not sure how to get started? It can be confusing since most people assume that the forex market is only for professionals in the financial industry, but the truth is that millions of individuals and corporations trade in the forex market everyday. If you want to start learning to trade forex, your education can start with the click of a mouse. Because the foreign exchange market has no physical location and you don't need to be near a stock exchange to participate.

To get started learning forex, you need to learn about the foreign exchange market, which is where all currency trades take place. A few minutes of research should yield plenty of results for forex trading courses. These courses will teach you the fundamentals of forex trading, but many times, they will also teach you various trade strategies and often set you up with a forex mentor. As the foreign exchange market is exceptionally volatile, a mentor can help you navigate the choppy waters of currency trading.

Find a currency trading course that fits your knowledge level. If you start from the very beginning of foreign currency trading, start with a beginner's class and practice with a demo trading account. It doesn't matter how long it takes you to learn forex, all that matters is that you learn it. When you do find a forex trading course, make sure it offers what you need. Stay away from currency trading courses that meet virtually if you need hands-on training, and make sure it's a class you can afford to take.

The trick to learning forex online is to sift through all the useless and false information to find legitimate information that can lead you to forex success. The currency market can be complicated enough without all the bogus information out there on the web. Before you register for any forex trading course, check the credentials of the person, or company, teaching the class. Although there are no set guidelines for teachers of the forex market, you want to make certain that you get information from someone who has actually traded in the foreign exchange market.

The great thing about learning forex online is that you can learn when, and where, it's convenient for you. The internet can provide you with access to free forex guides and e-books, in addition to online foreign currency exchange courses. Learning forex however, isn't simply limited to reading textbooks online. You must also keep up to date on global news that will affect the strength of your currencies. In addition, you should tune in to reports and shows that provide you with news on the forex market.

Before you spend any money to learn forex, find free forex information online to make sure it's that interests you. The foreign exchange market is a great way to supplement your income, but it also isn't for the faint of heart. Success in forex trading will require a commitment to learning and regularly monitoring the market.

How the Hedge Fund Managers Trade Forex? (Part II)

You must have read Part I of how hedge fund managers trade forex. You need to understand that hedge fund managers are always on their nerve's edge. They constantly look for strategies that work.

Hedge fund managers want to make good money while always keeping on their guard if things go bad, how to get out of a bad position before it really hurts. You as individual investors also want to bet your own hard earned money in the hope of making many pips.

You should decide whether you want to range trade or trend trade? Many hedge fund managers are trend following traders. If you want to become a trend trader than you need to become a master of predicting and anticipating trends in your favorite currency pairs. If you want to be a contrarian trader and range trade, than you should understand how to scalp.

You also need to decide the time frame that you will trade most. You should decide whether you will use the 5 min charts, 30 min charts, 4 hour charts , daily charts etc, and why.

Do you want to hold your position overnight or you are happy as a day trader? If you are in a job, do you have time to trade in the evening or the night and how much time you can spare? What time is best for you?

Learn the art of entry and exit. You will need to learn technical analysis for this. Technical analysis is essential for your success. Should it be multiple entry, multiple exits? Should it be single entry, single exit? Should it be multiple entries, single exit? Should it be single entry, multiple exits? 

You should learn money management principles in depth. It is good money management principles and their consistent application that will make you survive in the long run. Never ever try to put more than 3% of your equity at stake at one time. Understand how to calculate the reward/risk ratio for each trade. Never trade if the reward/risk ratio is below 3/1

Now, test drive the forex system by back testing and forward testing. Back testing can be done on Metatrader and other platforms. Forward test your strategies on a demo account.

Open a mini account and try to test it live with a small amount of money. This way you will not lose much money but will be playing against your emotions.

Ultimately trading is all about developing discipline and controlling emotions. You don't get this feel in demo trading when you know nothing is at stake.

Now is the time to get intimate with your strategies. There are two main types of trading strategies, one has a high percentage of profitable trades in a number of trades and the other has a high profit factor per trade.

The key here is to know exactly what type of market environment your strategy performs well in and what type of market environment your strategy fails in, because only then will you know when it is time to pull the plug.

Understand how much drawdown you can afford on your trading account with this trading strategy. You can establish a bench mark figure using a back test. Decide before hand how much drawdown is acceptable before you pull the plug out of the trade.

The last step of thinking or trading like a hedge fund manager is self reflection. Often times we become so absorbed with trading that we do not notice the obvious.

This is why it is important to spend some time on a weekly or monthly basis to go over or reflect on your trading. You need to establish a certain ROI level for yourself and keep on tweaking your trading strategies until you start achieving that figure.

Learn Forex Live Reviews

Ever so often, a special sort of Forex training resource comes along, one which is more about actual content than marketing hype. Hector Deville's Learn Forex Live course/mentorship program is such a resource.

Who is Hector Deville?

Hector Deville is a full time professional trader who has an in-depth knowledge of the market. And he likes teaching trading to others. This is a real trader, not some theoretical "expert" who may talk the talk but doesn't walk the walk. If you're looking for real time experience, Hector Deville is your man.

What is the Learn Forex Live course

This entire course/mentorship program is centered around live video tutorials in which Hector Deville lays out his knowledge of Forex before you. This includes videos in which more and more advanced trading strategies are unveiled.

The course begins with easy and simple trading methods but slowly becomes more advanced, so you can learn a lot from this even if you have little to no experience in trading.

However, the video courses are pretty detailed, so the material may be a bit difficult to absorb all at once. All I'm saying is that there's a learning curve here.

In addition to trading methods, Hector Deville shares a group of indicators which he had developed himself and shows you how to incorporate them into day to day trading and technical analysis. This is good stuff, especially because the way it is taught is like real time trading, so you get a true sense of the experience.

You also get access to live trading forums where Hector Deville supports you himself, so you can get pretty much every Forex question answered.

One thing you should know is that Hector Deville does have an accent which takes some getting used to. But other than that, I see nothing but quality in this course. It may have a learning curve for new traders, but it's an excellent resource for anyone who wishes to hone his or her trading skills and make more money on Forex.

Basic Forex Trading Tutorial

How old are you? After a certain age people do not want to be asked or answer that question. Does it really matter? Some of you believe that after a specific age, you can't learn new things - like a foreign language, to ride a bike or Fx Trading for example. "You can't teach an old dog new tricks." That is true only if you choose to believe it.

Welcome to the age of Interactive Learning! You will find a Forex Trading Tutorial to blow you out of the water. You can say good bye to the old ways of learning when you had a book in front of you and had to memorize its contents hoping that some of it will stick to you. A hot pot of coffee was your constant company during those long nights of studying, or better said memorizing, chapter after chapter, hundreds of pages on top of hundreds of pages of information. Couple of weeks later, you were happy if you could remember 10 percent of what you crammed into your brain during those long nights of studying.

Now a Currency Trading Tutorial will make your life so much easier and the process of learning a new skill will not only be faster than learning from books, but much more fun and financially rewarding. You can be part of a classroom of other people like yourself who are learning 4x Trading. In this environment you can ask questions, get immediate answers, you can interact with the Forex Successful Trader who is training you and feel like you are given personal attention each step of the way. There's always some sort of an assignment that will teach you how to apply your newly acquired knowledge to the real world of Forex. All that is taught has a high practical value, not just a theoretical one, and you are given the chance during the Currency Trading Tutorials to put it all in practice and to get feedback on your results. Based on that feedback you can improve your skills immediately.

By the time you have completed your Currency Trading Tutorial, the Forex Successful Trader training you may be able to assess your Trading level and tell you what you should still work on before you start trading live. If you stick to the Profit Protection System provided to you by your FxMastery Trader and are committed to it and to this new path you have chosen -as a Forex Trader - there's a strong possibility that you will be able to Start Trading right after you are done with your Forex Trading School.

Forex Trading Tutorials are important for your Forex Trading future because of what they offer:

• Interactive learning - keeps your brain active while solidifying new information and skills

• Feedback - your trainer and "classmates" can give you feedback on your ideas, moves & trades

• Practical assignments in real time - "homework" takes you one step closer to Trading like a Forex Successful Trader

• Theory translates into practice fast - you will be able to put in practice what you learn immediately and start generating substantial income and profits

• Forex Successful Traders Community - you'll be given access to the FxST Community where you can interact live with other Forex Traders at all levels.

Do not waste your time trying to learn Forex by yourself. It will take you too long not only to study it but to learn from your own mistakes while trading. It will cost you lots of time, money and mental sanity. Be smart about it and invest all that effort into a Forex Trading Tutorial that will quickly take you to the next level of Forex Trading.

InterActive Learning is the best way to learn a new skill. Trust a Forex Successful Trader to take you through a Forex Trading Tutorial and see how far you get with your Forex Trading skills in a short period of time! Be determined, be committed and be willing to become a Forex Successful Trader!

13 Extremely Powerful Forex Day Trading Strategies That Take Only 30-60 Minutes Each Day!

Learning forex trading is not rocket science. Many people are making their daily living from trading the forex market. Trading forex is much easier than trading stocks. If you are still looking for ways to succeed at forex trading than you should read this article.

Suppose, you are new to forex trading but are interested in learning it so that you can build your retirement account. As a new forex trader, what you need to do is to practice a lot on your demo account. Many new trader, don't like to waste time on practicing. This mistake ultimately makes them experience margin calls a number of times.

The best way to learn forex trading is to watch how a pro trades. If you are new, first learn a few strategies and then master them on your demo account. Choose one or two strategies that are best suited to your personality and style. Practice it on your demo account. Triple your demo account twice in a row only then think of trading live.

Now, if you are looking for powerful day trading strategies that can make you many pips but does not require more than 30-60 minutes each day to implement, if, you are that person than go no more. Read this article that gives 13 extremely powerful day trading strategies that do not take more than 30-60 minutes each day.

Day Trading Strategies #1: This set and forget strategy works extremely well on 4 hour and daily charts and each time will make 50+ pips.

Day Trading Strategies #2: This strategy works well early morning to early afternoon. If you are about to go to work, you can make 20-90 pips with this on 15,30 and 60 minutes charts. This strategy is best suited for the London Trading Session.

Day Trading Strategies #3: This is for those who can spare an hour or two in the afternoon. This strategy has the potential to turn your $1,000 into $150,000 in just under 40 trading weeks or something like 10 months. Not bad, for just one hour of work daily.

Day Trading Strategies #4: This works very well for those who are on the go and want to make some easy money. It depends on a laser targeted non emotional trade set up. It can be highly rewarding too.

Day Trading Strategies #5: This strategy suits all lifestyle and can make you more than you can make in a week in just one day.

Day Trading Strategies #6: Suppose, you missed the trade setup for strategy #5, you can use it to reverse the situation.

Day Trading Strategies #7: This trade setup appears once in a while, BUT when it does, you can straight away take your family to a holiday.

Day Trading Strategies #8: This is another easy 30-60 minutes trade that can put 20+ pips per trade in your pocket.

Day Trading Strategies #9: It complements strategy #8.

Day Trading Strategies #10: This powerful strategy can make 100+ pips per trade for you.

Day Trading Strategies #11; This strategy can make 20-700 pips for you.

Whatever, you need to watch these 13 day trading strategies videos. As a trader, your aim should be to make as many pips as possible in as little time as possible and then spend the rest of the day with your family. You are not trading to sit in front of your computer all day for the trade setup and the trading signals. You are trading for making quick money and then using that money to enjoy life.

These videos teach you 13 different ways of doing that. You can choose any one of the strategy that best suits your lifestyle to master on your demo account first. Once you have practiced it on your demo, you can start live trading to make easy pips each time you trade. The importance of first practicing on your demo account cannot be overemphasized. The more you are going to practice these strategies, the more you are going to make winning trades when trading live. Don't miss watching these trading videos! Watch each video. Each strategy has been described in detail. Then choose the one that best suits you. Master it and start making pips using it on your live account after practicing on your demo account. The more you practice the more you are going to become confident using that strategy! These strategies are not difficult to master. Good Luck!

Forex Trading Guidance - Learn, Trade and Win in the Foreign Exchange Market

Over $3 trillion changes hands each day in the global Foreign Exchange Market - more than all the Stocks, Options and Futures markets combined - and all at your fingertips online.

Unlike stock exchanges, the Forex market is open 24 hours a day from Sunday night to Friday 4pm (US Eastern time). So if you have a day job you can trade live after hours. You can start as small as you want but still have virtually limitless growth opportunities.

Trading Foreign Exchange is highly leveraged - a small shift in the exchange rate generates a large change in your active trade. This leverage is typically set to generate a $100 gain on one "lot", for each cent change in your favor, in the exchange rate. Of course you lose at the same rate which is why you need to understand how to stack the odds in your favor. Trading is not gambling, it is a game of probability. If you know how to weigh up the trends you can stack trades in your favor.

There are a myriad of sources of classes from basic to advanced and many of them are free. However you go about learning, make sure you go through relatively formal exercise - it will save a lot of wasted time, effort and money if you aren't structured in your approach. Ninety percent of those who dabble will lose enough to give up relatively soon. But for those of you who make the effort, a decent percentage can be successful traders.

While Forex traders usually rely heavily on reading charts, it is important to understand the key fundamentals affecting the value of currencies. News, business climate and interest rates are some of the main influences of exchange rates. Learn the interaction of these factors - don't just rely on charts - and you will become a much better trader.

Our web site at http://www.bluenilefx.com provides information on what to learn and where to get top quality training for beginners through professional traders, mentoring and live trade alerts.

Forex Made E-Z Review - The Easiest Forex Trading Program to Learn Implement and Make Money With

There are a vast quantity of exceptional Forex trading courses on the market today design to help you learn currency trading. I am going to discuss what I believe to be one of the simplest to understand, unproblematic to put into practice and profitable techniques I am aware of. What makes this currency program so special is that there is only one indicator to watch, which will inform you if it is a good time to trade or maybe just to pass on it that day. Next, you are really only suppose to trade at one specific range of times. There is one in the morning and one in the evening. Of course, this will vary greatly based on where you live.

Forex Made E-Z was developed by a pilot when his firm forced him to retire at the age of sixty. Essentially, he was bored and started to look for something to do to take up his time. Of all hobbies to take up, it was trading the Forex markets. What made him think of that is beyond me, personally I would have headed straight to the golf course. After experimenting with the usual various ways of making money in the markets he finally figured out that if he watched this one special information source at a specific time of the day it told him quite accurately what he should do.

Of course, this was all done way back when the Forex markets were first deregulated in 1997. Why would anybody do that today, when there are so many better, cheaper and quicker ways to learn how to make money trading the currency markets? He did this research at his own expense, which I am only guessing was quite substantial. He did not know or understand all the graphs, numbering systems and formulas that are used by professional Forex traders who run the currency departments of the international banks and brokerage firms. So, he did what he could. This is exactly why this is just a great way for the novice trader to enter the markets.

Forex Made E-Z has been in existence for quite a period and has an extremely loyal following of previous students that swear by the technique. If you follow it to the letter, each day you make little profits, depending on your investment. At the end of the month these little profits start adding up to big profits. This is a very risk adverse safe system that the majority of new people entering the markets are looking for. After all, you don't want to be wiped out on your first trade. If you are one of those that are in search of big returns as soon as you step off the boat, let me inform you, that those returns come at a price, which is increased risk. I highly recommend Forex Made E-Z for the new investor and please take the time to review it for your self.

Your Own Forex Learning Class

Forex education comes with time with possibly highest intensification of live Forex. The more you know before real investment the better results of your hard work which is part of Forex learning. You can organize your own classes and plan what you want to learn in a matter of few months. Thanks to such approach learning is most fruitful.

Proper Forex learning process must include psychological part because in live Forex getting emotional is extremely easy. In the same time taking decisions based on emotions rather than trading strategy usually ends in losses. Long-term success comes as you develop your character along with financial skills. Good Forex training gives you as much knowledge and experience as possible so once you trade everything goes smoothly. Make sure that you learn how to do things according to the plan from the second you power up your Forex trading software. A lot depends on your trading techniques, but if you are able to take decisions based on prepared before conditionals. Currencies exchange market is environment of changes so the smoother you go through your transaction the better. Good Forex training program will learn you what is best time to go in with your investments and where you should set exit point.

Flexibility of actions that you can choose is so significant that good Forex trading education must include ways of using your successful trades to create your own trading strategies and the ability to adjust them according to changes of market. Learning Forex is process extensive in time so you can start right now. Loosing some money in your first Forex experiences can be upsetting, but it is nothing serious if your investment was diversified. Once you learn how to manage the risks, you will then need to know more about manage your Forex trading account. Try getting involved in this market with simulation. Moreover, your Forex trading education will also enable you to do the real investment safely. Only then will you be able to start and manage a real Forex trading account.

The best source of Forex trading education materials are easy to find on the Internet. There are various portals that allow you to open trial accounts to practice using your Forex trading systems.

Learn To Trade Forex

The forex market is the biggest financial market in the world, with an average daily turnover of more than $3 trillion, this market is exploding and you can learn to trade forex from a variety of sources on the internet. Many traders learn forex trading from an online trading educational system, there is also a ton of great free forex trading information floating around on the internet these days. Whatever educational sources you use to learn forex with, make sure they are genuine in their intentions and that they teach a method that is actually effective and relevant.

The advantages that you get when you learn to trade forex are enormous; you can trade forex from virtually anywhere on earth with only an internet connection and a computer, you can get started with a very small amount of money, and there is very dense liquidity in the forex market. Dense liquidity means you can get in and out of the market very easily, this is important, and you will realize why as your forex training progresses. To learn how to trade forex properly, you really do need the best forex education out there, otherwise you will go through years of trial and error and lost money. Unfortunately however, not all forex training is created equal; this is why you need to look for a genuine and trusted forex mentor, preferably someone who is a pro trader and a pro educator.

One of the best things about learning how to trade the forex market is that you can learn forex trading online; there is no need to go to seminars that push some thousand-dollar product down your throat. The amount of quality forex education content on the internet is increasing daily, therefore, if you find the genuine forex training information, you can learn to trade for free or for very cheap. The forex market is open 24 hours a day, 5.5 days a week; this means you can apply what you learn about forex trading almost immediately. As you learn to trade forex, this information can be tested out on a demo trading account that simulates live market conditions but without real money on the line. After you successfully learn forex trading and have been profitable on a demo account for a period of months, then you can apply what your forex mentor has taught you on a real money trading account.

Remember, forex trading comes with both reward and risk, it is easy to concentrate on the reward aspect and forget about the risk, many traders make this mistake as they learn forex trading online. If you do not concentrate heavily enough on the risk that each trade carries as you learn to trade forex, your forex training time will be wasted and you will eventually fail as a trader. Those traders that put proper emphasis on risk management and who learn to trade forex in risk to reward scenarios are the ones who make money in forex.

Learn Forex - Essential Tips From a Group of Millionaire Traders to Lead You to Huge FX Profits!

If you want to learn Forex and win, you need to get yourself a good currency trading education. In this article, we will look at a group of people who had never traded, learnt to trade in two weeks and went on to make millions of dollars. Let's take a look at these traders in more detail and see what we can learn from them and get on the road to trading success.

Richard Dennis wanted to prove anyone could learn to trade and make money with the right trading and he set up an experiment. He advertised for people who wanted to learn to trade and thousands replied so he picked a cross section of people from all walks of life and the group contained - a security guard, an actor, a young boy just out of high school, a lady accountant and a professional card player. These people were then given two weeks training and after that Dennis gave them live trading accounts.

These traders went on to make hundreds of millions of dollars and the experiment had shown that educational ability, sex or age were no barrier to success and even better trading could be learned quickly. So what can you learn from these traders? Let's take a closer look.

- The group showed that anyone could learn to trade and they were only taught a simple strategy and any trader needs to learn the best Forex trading strategies are simple because my a strategy to complex and it will have to many elements to break. Anyone has the capacity to learn a simple trading strategy which can make money and you don't need a college education to do so.

- The strategy also focused on the long term and its a fact that most traders don't trade long term, they like to scalp and day trade, take low odds trades and lose. If you want to win, focus on the long term trends that make the really big profits. If you this, you can spend less time on your trading and make more money.

- Perhaps the major lesson a new trader can learn from these super traders is money management. Money management and trading with discipline is the key to success and these traders actually LOST over 70% of their trades yet still made huge gains because they kept their losses small.

- Most traders think they can win most of the time and believe the laughable message of Forex robot vendors who tell them they can enjoy a 95% success rate, of course its not true but that doesn't mean you can't make big gains you can, just keep your losses small and run profits and you will do just fine.

The above story was an inspiration to me, when I first started to learn to trade and I hope it inspires you to join the exciting world of Forex trading.

Learn Forex Currency Trading Online - Graduate With a Forex Degree

Forex trading, or foreign exchange trading, deals with trading in a special commodity market that allows an individual to buy or sell currencies at different quote rates through a 24 hour period. This could seem a little overwhelming to a new investor to this market. With online venues, it has become almost an essential to learn forex currency trading online.

With the internet being the number one resource of information today, there is no hiding that there are an enormous amount of sites dedicated to provide educational information on forex trading. Most forex brokers offer free educational service to anyone that signs up. Forex forums, blogs, and chat rooms will help you learn forex currency trading online.

Most of the educational components that these sites and brokers offer are live online web-cast, detailed videos, vivid charts, downloadable lessons and sometimes one-on-one mentoring with professional traders. One can also obtain relationships via forex forums and use online IM's (instant messengers) to communicate with one another. Features on these differ from what features each IM program has to offer.

Educational cost to learn forex currency trading online can be in the range of free to costing you thousands of dollars. Some say that all information to make you successful can be found for free. The educational steps that are typically taken are first learning the basics of the forex market. Once you obtain a feel and how this market works then most start to adventure out and try to learn advance techniques that they can further utilize for their own strategies to tackling the forex market.

A big key to trading forex is to have a education or basic knowledge of what you are getting into. One big mistake is that traders enter this market not prepared and leave with a soar account. Take your time and keep patience. Learn at your own pace and try not to get overwhelmed with all available information.

Learn Forex Trading With Forex Coaching

Nothing replaces having an experienced forex coach (also known as foreign exchange currency or FX coach) by your side to personally guide you step-by-step all the way as you start your journey towards being a professional forex trader.

As a beginner in world of currency trading, you would have a very steep learning curve. Personal coaching and mentoring after the currency trading course that you attend is important, as theory is very different from real life situations. It would help a lot if you can have a personal coach sit beside you when you trade, especially when you start trading live for the very first time!

Having an experienced professional forex coach would help to stabilize your emotions and help you get back on your feet in the shortest possible time, especially in situations when the market does not behave according to what you expect.

Being calm and rational would help you to be able to move with the market changes, adapt and execute those trading strategies which you have learned, rationally and logically. You would be better able to control your emotions, the biggest nemesis being the feelings of greed and fear, which is the cause of the downfall of most traders.

An experienced personal coach would be able to point out your mistakes, and where you went wrong in the trades, and you would be able to learn from your mistakes. Many times, traders are blind to their own mistakes, and these mistakes are repeated causing unnecessary losses.

It takes humility and teachability to be a successful trader. He has to be a person who is humble to accept instructions, and disciplined to change and correct mistakes.

It is in learning to master your mind and emotions that you can be successful and earn consistent results in your trading.

Why You Rock in Forex Demo Trading But Suck in Live Trading

Many times new traders who have done well in a demo account open up a live account and things start to fall apart. Having real money on the line is very different emotionally than trading pretend money.

When losing in a live account, every pip can result is feelings of frustration or pure joy. These emotions can cause traders to make different trading decisions in that live account than were made when trading in the demo account. This usually leads to more losing trades. But trading live and making the same decisions when no money was at risk is key to your success as a trader.

No matter how hard you try, you cannot move up to the next level of trading until you learn how to risk real money. That what trading is all about. The key is to open that live account and to start out slowly.

In our Power Courses, where we teach people about trading, we recommend new traders start out trading only one mini lot at a time. Keep your risk small in the beginning until you feel good about the decisions you are making.

Trading in a demo will not help you practice this; you can only learn how to deal with this using real money. But that does not mean you have to take on a lot of risk to prove anything to anybody. You are just moving up to the next level of trading. Take your time, as the more practice you get trading live, the better chance you have at being a profitable trader.

What is slippage?

You bought the EUR/USD at 1.4000 and the market is now trading at 1.4025. Since there is an economic release due out in 15 minutes, you move your protective stop up to 1.4000 to protect your winning trade from turning into a losing trade. The number is released and the market trades down through your stop level to as low as 1.3975 in a matter of seconds. But instead of getting filled at your price of 1.4000, you are filled at 1.3990 and now have a losing trade on your hands. Why?

The answer is that there was nobody willing to take the other side of the trade at your price. A trade is when two people agree on price but disagree on value. One thinks the value is too high and the market should move down while the other thinks the value is too low and the market should move up. When a major economic number is released, the volume dries up as most big traders stand aside. They will not trade if they cannot identify their risk. So there is not as much volume as you would see in a normal market environment.

However, there are still plenty of traders trying to take advantage of the volatility. They will all want to trade in the direction the market should take based on the number released. So if everybody thinks that the market is going down, all these traders try to sell at the same time. The problem is that there are not many traders looking to buy if the market is falling quickly. So the market continues to fall until the buyers step in and start taking the other side of the trades. But they are buying at their price, not yours. In the example above, a sell stop order becomes a market order once the price designated is printed. So when the market traded down to your stop level of 1.4000, your order then became a market order. When you are selling at the market you are matched up with somebody who is buying. If they are only buying below your sell stop price, you will be filled at that level. This is called slippage and it is present in every market in the world. So if you are trading in a volatile market environment, you have to be prepared for slippage. It is the nature of the game.