How to Trade Forex

  • Trading Forex is more of an Art than anything else!
  • Once you decide to study & trade in Forex, let me congratulate you as you have made the right decision & you are on your path to become Rich & fulfill your dreams BUT....hold on...this path is not a simple one as you might have imagined. It takes a very deep, consistent, extensive study just to understand what goes on in Forex market. Weak hearts are not allowed. only dashing, bold & risk-takers can make it BIG provided they develop analytical skills and follow all the rules of Trading.
  • For trading Forex, you need to open a trading account with one of the registered broker. 
  • Account can be opened with as little as $20 to any amount you wish. But it is advisable to open an account with minimum $1000.
  • Forex is traded with the help of  Fundamental analysis, Technical Analysis and Speculation on Overall market Sentiment.
  • Fundamental Analysis is based on study of the economies of different Countries & the direction they are heading to. Generally News events published by Major Central Banks are followed by Traders to make their trading decisions. You will find a nice Forex news calender here.
  • Technical analysis is based on the study of Price action on Charts with the help of Indicators. There are thousands of Technical Indicators available but you should be able to choose which suits best to your style. Here you will find almost all important MT4  indicators for download. 
  • There are various Trading platforms available with different brokers but most popular is MT4 & I personally find it quite user friendly.
  • The best way to Trade market is using both methods & deciding on the overall market sentiment, price action, future trends in prices and always using Money Management techniques.
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