EnglishLatest news from our forex blog:
"You may forget this after a while, but going back to the beginning, the single biggest barrier before I could consider FOREX as a legitimate investment channel, was that I didn't comprehend what it meant to trade FOREX. Well, I obviously understood, you sort of gamble about a pair of currencies' ratio - "would the dollar outperform the euro?", but is this really gambling, meaning, is it completely random? what's my edge here? I certainly didn't know how to explain (though I admittedly heard about) leverages, technical analysis strategies, hedging strategies. let alone did I know anything about spot or forward deals etc'. Going back to those days, I realized it's far more important to teach these concepts and explain them, before I could send you off to scout for your perfect broker and start trading or even just compare brokers, before you understand the foundations. I hereby declare the opening of my pet project - the guide4fx.com online forex trading school. I think it's far an important topic to be left here on our blog, so we will add such a category to the site, for your reference, and my personal enjoyment. most important to point out: even after you read this school's curriculum, you'd probably have to do some homework about practical trading issues such as broker's interests, software usage etc'. we believe to cover that in our site, so it will stay out of the scope of the school. hope you'll find it useful...."
read more
Guide4Fx.com is an online forex community
An online forex community portal made to assemble forex related information, allow us to compare forex brokers and
learn about how to wisely manage our forex deals and make forex trading a successful venture.
We invite you to take part in our portal and make it a wiser place to hang around.
The guide4fx.com team is passionate about online forex,
and we're keen to learn from your experience, and help others make educated choice when choosing a forex broker.
Top Brokers
Featured Broker
Currency Quotes
| Symbol | Bid | Ask | |
|---|---|---|---|
How can you participate?
- Send us a review of your own - we will publish it under your name, for eternal glory
- Leave your comments, we appreciate your opinion, and believe that pluralism rock!
- Read our blog, we write about forex strategies, technical analysis, tools and more
- Visit us frequently
How to start trading forex
Start Trading Forex Tutorial
Exclusive by Gary Viray
Some background
Over the past years, Forex trading has become more and more accessible to the public establishing itself as a relevant alternative to what is in many ways its predecessor - Stock trading.
Stock trading is dominated by 2 different doctrines:
- Fundamental trading - Fundamental dogmatists take decisions and buy or sell stocks based on analyzing public companies' profit and loss reports and market events, and more often, by reading recommendations of other analysts doing exactly that.
- Technical Analysis - the Technical Analysis apostles take decisions of buy or sell, by analyzing the stock's charts and finding indicators to support their decisions on those charts.
We all know that wars are lost (and women stand pondering for hours) when you have choices to make. Forex trading saves the hassle of choice as it offers only technical analysis as means to take trade decisions.
There is no company behind the dollar, nor will you see the commodity of dollars runs out of supplies in stores during Christmas, all you have to go on, is how the world's traders buy and sell the currencies, and that means reading the charts.
It is also a good opportunity to mention that currencies are traded by pairs, you may buy dollars, but you need to state in which currency you pay for these dollars. the pairs are priced by current leader to secondary ratio.
Go Social