Wednesday, April 25, 2007

FOREX TUTORIAL

This is an interesting link which tells you how to devise a medium-term forex trading strategy from scratch:
http://www.investopedia.com/articles/forex/05/060205.asp

Some great free videos here showing chart progress with audio commentary on topics such as using trendlines, support and resistance, candlestick formations, AB formations etc:
http://www.forextips.com/forex_training.htm

Various documents on a host of topics connected with FOREX trading:
http://www.forexcentral.net/forex-tutorials

Lots of FOREX goodies to be found here:
http://www.goforex.net/forex-articles.htm

A bit like Marmite (for those in the UK), some love Peter Bain and some hate him, however he does have a useful bunch of free tutorial videos which will teach you plenty about pivots and candlestick formations. It's worth getting his free tutorials though e-mail also (plenty to learn for newbies):
http://www.forexmentor.com

Some enlightening Q&A's here - such as "Which is the most important fibonacci retracement line in FOREX ?" - well worth a scan through:
http://www.futuresmag.com/forextrader/forextrader.html

A couple of interesting articles - worth a read:
http://www.gftforex.com/resources/articles.asp

It's amazing what you can get for free on the web if you search around - Currency Trader Magazine is a professional publication available free for download (including back issues). It's not going to be free forever as this magazine is THE magazine for forex traders:
http://www.currencytradermag.com

Some simple summaries of all the questions you have when starting out (and when you've been trading for a while too!):
http://www.forex.com/learn.html

This is a free full pdf FOREX tutorial book - lots of useful info. in there:
http://www.realtimeforex.com/static/Forex-Online-Tutorial-eng.pdf

There is a way to trade the news in the Forex markets and this is a technique which could be used for Non-farm payroll data announcements (THE major US news story coming out on the first Friday of each month which has the power to send the currency markets beserk):
http://www.hyi-center.net/listings/viewtopic.137.html

An interesting article by Bob Hunt on techniques for capturing intraday profits, includes topics such as oscillator divergence and pivots:
http://www.trade2win.com/knowledge/articles/general%20articles/techniques-for-intraday-profits

No comments: