Online Forex Trading

Learning forex online

The world is in recession, the stock markets are down. Or so we are told by the financial press on a daily basis. In chasing better returns on their capital, a lot of investors are turning to the forex markets as an alternative.

Learning forex online

There are difference though, between the forex markets and other financial markets. Investors new to forex trading should look to study and learn a bit more before plunging in and trading with real money. Thankfully, there are a lot of online resources for investors wanting to learn more about trading currencies.

Baby Pips. A pip is the smallest unit of price for any currency. The site website Baby Pips has numerous resources for currency investors. This includes a free online course aimed at beginners. It is one of best sites to start to get a solid basic understanding of currency trading.

The Forex Glossary. Investors new to the forex market will be met with a whole new vocabulary. This online glossary will give investors a good reference for any new terms they might come across while studying the forex markets.

Investopedia. On of the bigger sites, Investopedia will be familiar to investors who have experience in other markets. In addition to general investment guides, Investopedia does have an extensive section covering investment and trading in forex. There is also a free book entitled “High probability trading setups for the currency market”

The National Futures Association is the “premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the derivatives markets”. There is a plethora of information for the forex investor, including help on finding a forex broker, as well as basic lessons in forex investing. They also publish industry warnings, as well as offering a place for any investors to lodge complaints, and resolve disputes.

The Commodities Futures Trading Commission is a government body that works similarly to the Securities and Exchange Commission. Its main focus is to protect investor from fraud in the markets, including the forex market. The site has a forex advisory section, called the Consumer Advisory of Forex Fraud, that keeps investors informed of current forex scams.

The Market Traders Institute is another great resource for learning to trade forex. This site offers a lot of free information to the would be investors. Particularly useful for forex investors are their video, and plans to help you develop your own learning plans. Advanced material is also available on this site for purchase.

Oanda. Thai site requires registration, although this is free. Users on the site have access to a wide range of forex tools, such as currency calculators. Also available for registered users, is a lot of forex data, which will be particularly useful for those investors interested in technical analysis.

So, even if you are on a tight budget, there is a lot of material available freely on the internet in general, as well as the websites above. This is worth researching, even if you have investment experience in other markets.