Forex trading is a part of
commodities trading.
While commodities and currencies trade in the Futures market for
future delivery, the Forex is a cash over-the-counter market.
And just as speculators can trade in the Futures markets, they can trade in the
over-the-counter cash markets too.
There are no brokerage commissions in the market -- just the bid/ask spread.
And this market does not have closing times like the Futures Market. It is open 24/7
around the globe. You trade it from home in your pajamas!
Getting Started in Forex
The first thing you do is download the trading platform.
http://www.fxcm.com choose
"Practice Account"
What this does is sets up the account with $50,000 in play money. You will use this
account and this money to try out the daily numbers, trading them. If you make a mistake,
there's no harm because it's not real money.
You don't have to use this exact platform. If you already have a trading account that's
fine too.
Next, download these two free ebooks.
The first is Forex Freedom and
it gives a plan for starting with an account of just $300 and building it into real
wealth. It is a plan that I endorse. It also will tell you about other ebooks from the
same publisher that are not free but are helpful.
The second is Secrets of Forex
Insiders and gives helpful strategies for making money in the forex market.
Both of these books are solid, free material that will help you understand what we're
doing when we post trades and make money trading forex.
The firm I used to be a Broker with: Compass Financial has issued two new eBooks in PDF format. They're pretty good
The 29 Most Asked Questions About Forex
The Real Facts About Forex
