forex™
Currency Trade Tools
Currency Charts
There are many kinds of charts (see
Technical Analysis). Start
with simple charts. Try to identify trends and major changes, and try to relate
them to technical patterns as well as to macro events (news, either financial or
political). Make an effort to determine the general magnitude of each change on
the chart (meaning: what is the $ value of the change, if you were trading at
that point).
Guided tours on forex platforms
Most platforms provide guided tours, demos or tutorials, either online or via download.Market News / breaking news
Keep abreast of world news. Read all the headlines, particularly those directly related to Forex. Check the impact of such news, if any, on the charts.|
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Trading Forecasts
Read forecasts, some of which are available free of charge. Bear in mind that forecasts and predictions are made by people, none of whom can guarantee the occurrence of future events…Market Indices
Follow the indices of the leading markets (e.g. Dow-Jones, NASDAQ; Nikkei; etc.). Compare them to the changes in the Forex market, and to changes in particular currency pairs.Economic indicators
Pay attention to the release of economic indicators (for example – the monthly unemployment rate in the USA), and try to identify their impact on the market in general, and on specific currency pairs in particular.Currency Trade Glossary
Don’t hesitate to browse Forex glossaries , which are offered free on many platforms. A given word may have different meaning as it relates to Forex and to the terminology used by the Forex market participants.Want to know more?
Online training, no downloads
Easy-Forex™ is dedicated to educating its customers. Customers can access FREE 1-on-1 online training. The training goal is to teach people specific strategies for trading currencies over the internet. Both novice investors and expert day traders have benefited from the training provided by Easy-Forex™.
