Here at Understanding Forex, we believe that you shouldn’t have to pay through the nose to gain a little bit of knowledge. So, while there are many great forex training courses out there, and several that we recommend, you can still get a great background in the fundamentals of forex to see if it’s right for you before you move on to buying more expensive technical courses. The range of video course we have include:
- A Newbie’s Introduction to Forex- We consider some of the most basic elements a FOREX trader needs to understand before learning to trade. Such as what an exchange rate is, how to make money from the rates, what currency trading is, how you can trade, who can trade, what are the reasons for trading and finally what software you need to get started in trading.
- Choosing a FOREX Broker- We look at a number of factors to consider when you review FOREX brokers, Difficulties in choosing a FOREX market maker, Regulation and Financial Stability, The effect of Transaction costs on FOREX returns and Evaluating Customer Services.
- Basic Mechanics of FOREX – Here we look at the technical aspects of FOREX, discussing the Bid-Ask spread, Pips, Order types, Profit and Loss calculations and Calculating Positions.
- Advanced FOREX Mechanics – Continuing the discussion from earlier, we talk about other aspects of FOREX mechanics such as leverage, margin trading and rollover.
- Essential Fundamental Analysis – Fundamental analysts assess when a currency should be traded based on criteria other than currency price movements themselves. We consider these, considering interest rates and balance of payments amongst others.
- Technical Analysis: The Art of the Chart – Technical analysts predict price movements and trends by considering price charts of past market actions. We consider a number of things including candlesticks, moving averages and briefly considering Fibonacci.
- Creating Your Own Forex Strategies – Here we focus on creating strategies for FOREX trading, encompassing, the consideration of multiple time frames, identifying support and resisitance in charts, Fibonacci and Elliot Wave theory, and concluding our discussion with dynamic time strategies.
Once you’re done watching these video tutorials, head over to Zecco.com to try out your new knowledge on their suite of professional tools with a completely risk-free $50,000 demo account!
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