Have you considered getting into the foreign exchange market? Also known as Forex, this is a fast market that operates 24 hours a day, five days a week. If you have previous experience with trading on the stock market, Forex is quite different. However, it can be a great way to make some money and Forex is gaining popularity with investors all over the world. If you would like some tips and tutorials for getting started with the Forex market, consult the following online resources for help.
School of Pipsology – This site will literally school you, as it is organized into lessons according to grades. Start out in kindergarten and, as you learn more about the market, eventually graduate from the School of Pipsology.
Cyber Trading University – This site, also constructed in the guise of an online Forex school, offers free tutorials for beginners. These include video tutorials, which can be viewed at no extra charge.
Forex Training – Not only does this site offer comprehensive lessons in Forex trading, it also provides a free practice account. Using a practice account with virtual money allows you to trade with real-time quotes and get used to the process before investing real money.
Forex Facts – If you are in need of an all-inclusive FAQ list for Forex trading, you will find it here. From charting to market analysis, this teaches you everything you need to know about Forex philosophy and strategy.
Investopedia – Always a reliable source for investment advice, Investopedia has a section devoted entirely to the Forex market. The whole site can be of great use to Forex traders, however.
People from all walks of life are trading on the Forex market. Thanks to the advent of the Internet, online trading has never been easier and it affords "regular Joes" the chance to try out the system. Whether you are interested in trading as a hobby or as a serious investor, learn the ins and outs of Forex with the five resources above.
Image Credit: OnlineForexTradingBlog
About the Author
This article is contributed by Heather Johnson, a freelance writer as well as a regular commentator on the topic of credit card review. Heather invites your questions, comments and freelancing job inquiries at heatherjohnson2323 at gmail dot com.
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4 comments:
first one is my favorite..its very informative.
I've been doing a little research on the Forex market and just wanted to say that I found this post to be very informative! :)
I've done some forex research as well and don't see why there's so much hype about it. I got a financial spread betting account and don't regret as I have by far more options and instruments to trade and it's more flexible.
So why forex?
I found this link, this site has been very helpful to me thus far on my trading progress.
Forex ReviewsThe Forex (currency exchange) market is full of brokerages and trader tools. Learn which companies are the most reputable with Forex Focus Daily's Forex reviews.
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