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.
