How to Trade - Forex Lesson for Beginner Traders

Before Starting to trade the online market beginner traders will need a learn tutorial for beginner traders training course like this one that will help them learn about the various concepts used when trading the market.

How to research the best ways to start trading. Forex is the biggest financial market in the world. It is bigger than the US stock market, because the daily turnover has now exceeded 7 Trillion US dollars.

Understand currencies and price fluctuations. Forex currencies are transacted in currency pairs. Choose a single currency pair and learn how to trade it until you get to know how that currency pair moves. The best forex currency pair is the EUR USD. Other good currency pairs are GBP USD, USD CHF and USD JPY. These four currency pairs make up 160% of all online trade transactions. Since 2 currencies are in a currency pair the total is 200%.

About Currency Pairs Guides - Forex Lesson for Beginner Traders

• Forex Market Participants - Forex Lesson for Beginner Traders
• Major Currency Pairs in Forex
• Forex Currency Pair Names
• Advantages of Trading Forex
• Interpreting Currency Quotes

Get a charting package which allows you to see the current price as it happens and make technical analysis. The most popular software is MetaTrader 4 Software. MT4 platform is easy to use, charts are well presented and the software has multiple technical analysis tools for a trader to choose from. The MT4 platform software displays price charts on the computer screen: the charts show the current buy & sell prices of the various currency pairs. MetaTrader 4 Forex platform helps you keep track of your funds in your account by showing the account balance and also calculates profits and losses and shows this information on the platform - the platform also shows how the open trades opened on your account which you bought or sold are doing.

Learn Platforms - Forex Tutorials for Beginner Traders

MT4 Forex Platform Tutorial Guide - Forex Lesson for Beginner Traders

Download MetaTrader 4 Forex Platform

The screenshot below shows the user inter-face of the MetaTrader 4 Software.

Learn a system which gives you signals of when to enter and when to exit trades. Following the markets price action is a popular method that professional traders have been using for over a hundred years before starting to use charts. Candlestick chart patterns, indicators and systems can also be used. All these methods are discussed in detail on tradegoldtrading.com.

Trading Strategies - Forex Lesson for Beginner Traders

• Creating Trading Strategies
• How to Create a System
• Writing System Rules
• Generating Signals
• Tips For Creating Systems
• Writing a Journal
• Writing a Plan
• Stochastic System Example Template
• MA Cross Over Trading System

The System uses the Indicators below:

Please Read The Indicators Tutorial Before Creating Your System - Forex Lesson for Beginner Traders

• RSI Indicator
• Stochastic Indicator
• MA Indicator
• Parabolic SAR Indicator
• MACD Indicator
• Bollinger Band Indicator
• ADX Indicator

Example of a System - Forex Lesson for Beginner Traders

Trading System Example - Forex Lesson for Beginner Traders

Begin with a demo training practice account before trading with real money. First start byopening a practice account & practice with this demo account, until you get to understand how the market works and when you start consistently making good profits on this practice account then you can open a live account.

Forex Account Topics - Forex Lesson for Beginner Traders

• Types of Accounts - Forex Lesson for Beginner Traders
• Practice Demo Account - Forex Lesson for Beginner Traders
• Opening a Demo Practice Account

When you open a live account, trade with your plan & learn how to manage the emotions in forex by learning about Market Psychology.

Forex Market Psychology Topics

• Psychology of Traders
• Forex Psychology and Emotions
• Forex Psychology Principles
• Forex Market Psychology Principles 2