Monday, June 8, 2009

FOREX EDUCATION

FOREX BASICS
Forex Basics Know what Forex or Foreign Exchange Trading is. Have you ever heard of the famous Bretton Woods Agreement? Get the details of this accord here. Is Forex trading the same as stock trading? More or less the same?! What is this leverage and margin that everyone is talking about? Get the answers here. How much do I pay when my positions carry over to the next day, or the next day after? PiPTrader has the rational for you. Last but not the least, learn a few terminologies or Forex slang such as "I am trading a YARD a month?" WoW...that's HUGE.

FOREX CHARTS
Forex Charts Why are charts so important? Because many believe charting is unbiased representation of the market movement. Knowing how to read different type of charts not only helps you predict future price movement, but also will impress the heck of your buddy. Be a charting savvy guy, learn who first invented Candlestick charts and why. Want to be able to read some not-so-frequently-used chart types? You've come to the right place.

FOREX FUNDAMENTAL ANALYSIS
Forex Fundamental Analysis Why do so many traders pay close attention to news releases? What's the falling dollar to do with interest rates besides travelling to Europe and feeling "GOSH, EVERYTHING IS SO EXPENSIVE". How is our consumption power related to the movement of US dollar? What's our GDP this year? What's the big fuzz about the subprime market? Pieces them all together and get a holistic view about our currency and its trend. US DOLLAR still dominating the world? Yes, it is and know why.
FOREX TECHNICAL ANALYSIS
Forex Technical Analysis Are you a tech guy? Don't get confused with "COMPUTER PROGRAMMERS". Tech guy refers to traders that rely heavily on technical indicators such as Fibonacci Retracement, pivot points, support and resistance levels. Can trading be done solely based on technical studies? Some say YES while others may say NO. Be your own judge. Start drawing on charts, mark crosses, entry level and possible trend-break point.

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