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The goal of this forex tutorial is to provide a foundation for investors or traders who are new to the foreign currency markets. We'll cover the basics of exchange rates, the market's history and the key concepts you need to understand in order to be able to participate in this market. We'll also venture into how to start trading foreign currencies and the different types of strategies that can be employed. Introduction to Currency Trading Forex Tutorial: What is Forex Trading? Foreign exchange is the act of changing one country's currency into another country's currency for a variety of reasons, usually for tourism or commerce.
Keep pace in the competitive and fast-moving foreign exchange forex markets by knowing the economic factors and indicators to watch. But, far from it being complicated or full of indicators, it is unbelievably simple. This is simply untrue and something that many new traders get confused with. Whenever I discovered something new - I tested it. The only thing that never changed was: It was evolving and improving all the time I remember long ago, when I was very frustrated with Forex, I gave up believing that a system could make money.
More than 6 years on from that and my trading account tells a very different story. I had my rules for the system and applied them to the chart I was watching. I knew the rules inside-out and back-to-front. The rules were absolutely black-and-white. Once I realised this I then knew it was possible develop my system even further than it already was. I had a plan Instead of following the charts manually and applying the rules in my head - I was going to take my system to the next level!
I had enough programming skills to know that I could do it myself. So I set about developing my system into something that anyone could trade. I had it up and running fairly quickly. So, after 6 years, thousands upon thousands of hours of development and custom programming of the system it now really was as good as I could get it. My system is as good as I can currently get it. What I want to do right now is give YOU access to my system.
I want you to be one of these traders. I want you to absolutely kill the Forex market. Unlike any other Forex product, service or system you have ever seen before, I'm going to provide you with absolutely unlimited support and guidance. I'm going to give you that.
My system is unbelievably easy to understand and just as easy to trade. It actually teaches you to trade. You will be dependent on no one. You will have ultimate independence and total freedom. These are core to the system - they are your decision makers.
Almost every trading system on the market gets absolutely killed in choppy market conditions. You know the kind of market I mean, right? Days where your stoploss gets hit every time. You get sucked-in , chewed-up and spat right back out — wounded, with a ton of losses, and wondering what just happened! You know that frustrating feeling when you get into a trade, the market flips the other way and kicks you out your position , before you had a chance to bank even a little profit?
You end up angry and frustrated. Trading success seems so close