How to Become a Forex Trader for Beginners - The Basics

Learn how to trade Forex from home and learn to trade Forex as a business. If you want to build wealth in Forex you can .Forex trading in a simple yet fun way. Watch it now and find out how to trade Forex.Example of a simple trade, what traders look for, and how you can make money of trading currencies. How to execute stop-loss and limit orders to protect profits and losses.



Know your Forex terms

Before we delve any deeper into the possibilities that exist in the Forex market, we need to go over some basic Forex market terms.

Pip: A pip (percentage in point) or point, is usually the smallest unit of measurement in the Forex market. Most currency pair quotes are carried out four decimal places—i.e. 1.4500. When you work with Alpari quotes are carried out to the 5th decimal place to provide better pricing. The 5th decimal place represents fractional pips. If the exchange rate of a currency pair moved from 1.45000 to 1.45100, we would say that the price moved up 10 pips. You make money when the pips move your way in a trade.

Note: Any exchange rate that contains the Japanese yen as one of the currencies will only be carried out three decimal places.

Currency Pair: We wouldn't have a Forex market if we weren't able to compare the value of one currency against the value of another currency. It is this comparison that drives prices. Forex contracts are always quoted in pairs. The Euro vs. the U.S. dollar (EUR/USD) is the most heavily traded currency pair. The U.S. dollar vs. the Japanese yen (USD/JPY) is another popular pair.

The following is a list of the most common currency pairs, their trading symbols and their nicknames:

Euro vs. U.S. dollar (EUR/USD): "The Euro"

Great Britain Pound vs. U.S. dollar (GBP/USD): "Pound," "Sterling," or "The Cable."

U.S. dollar vs. Swiss franc (USD/CHF): "The Swissie
U.S. dollar vs. Japanese yen (USD/JPY): "The Yen"
U.S. dollar vs. Canadian dollar (USD/CAD): "The CAD," or "Loonie"
Australian dollar vs. U.S. dollar (AUD/USD): "The Aussie"
New Zealand dollar vs. U.S. dollar (NZD/USD): "The Kiwi"

Bob Chapman : a lot of people dont know how to properly invest or trade

Bob Chapman : First of all, I found as a broker that a lot of people don't know how to properly invest or trade. Often brokers would have them trade; however it's not something average people normally do because they're not professionally trained. There are not a lot of people who can effectively trade and make money in the market. Perhaps 5% are successful. But I ran into a lot of people who wanted to trade, and I discouraged them unless they had years of experience. I said you've got to pick a trend. For example, we are now in a long-term bull market in gold and silver. I tell people to get in with a trend and stay with it as long as possible. People were losing money in the market because they weren't doing that. Consequently, I've been helping people set long-term investment goals. - in the aureport

Cotton prices spiked last year - MERYL WITMER

Cotton prices spiked last year. How did the company manage through that?
MERYL WITMER : The stock fell from the high $30s as cotton dropped to about 70 cents a pound after spiking to more than $2. Gildan's customers are small and the company decided to take the hit itself when prices plummeted. As a result it will earn about $1.30 a share in the fiscal year ending September, instead of $2.60. Next year, as the high-cost cotton moves out of their inventory, earnings should rebound to between $2.50 and $3 a share, and grow thereafter. Gildan has been perennially capacity constrained and recently completed a big addition that will increase capacity by 40%. If it can utilize that capacity in the next few years, earnings will be 40% higher, to $3.50 to $4 a share. - in the Baron's Roundtable June 2012

Million Dollar Traders (Full Series )

Trading is a lot of fun - once you've grasped the concepts - and you have little distraction - the best traders make money from the morning newspapers - that dictates what they trade on for the day - then the best traders react to events that happen that day and trade accordingly. I enjoyed watching this series, reminds me of my early prop trading days. Stress and more stress. Wish I had a nice boss like Anton Kreil and lex when I first started

I'm a technical trader. I built (designed) a bespoke trading technology (system) prototype. Most of the trading ideas (indicators) that I use are custom designs. Years worth of research, design, development, testing and analysis. Most people who don't know any better say that what I've done, is simply impossible. That's only because they've not been able to do it themselves. What you are seeing in this video series, is pure Fundamental trading - they are not technicians.