Forex is a HUGE market, around $3 trillion dollars per day in fact. The amount of information available online is equally huge so where does one start?
Forex trading is generally undertaken online. Theres a lot of brokers out there and most new traders will eventually land up on a demo trading platform and signup for a demo account.
METATRADER PLATFORM - commonly referred to as MT4
The main platform in use is meta trader. MT4 as its commonly known is undergoing a transformation to meta trader 5 MT5 but most people starting out today will still be downloading MT4. MT4 has been around for some years. The platform is reliable and easy to understand and trades all the currency pairs you need to trade. The package offers enough charting tools such as line charts, bar charts, Japanese candlestick charts.
http://www.metaquotes.net/
Expert Advisors - Also known as EAs
These are quite commonly referred to in landing pages such as http://www.clickbank.com products. Generally most are just junk and not worth the money. Back test or forward trading results are often reset. Whilst some products have merit, there have been a number that have simply been copied off forums for free, changed slightly and resold. Some of the success stories have been Fapturbo http://www.fapturbo.com/
But what else is there? I dont want to buy or download software to trade forex? I dont want to download a broker trading platform but no know how to enter or exit trades? What other information is there?
Well, you can use a LIVE FOREX TRADING ROOM.
http://www.proforexroom.com is one such room, a live swing trading. Classes are conducted in both Italian and English languages. The room is open starting at around 8am and ending at 6pm central European time.
PFR as the room is commonly referred offers a guaranteed minimum pip profit per month. Trialists to the room can get a 2 week, obligation free trial.
So why should I take up a trial?
The free trial offer that http://www.proforexroom.com offer presents an opportunity to get free forex education for 2 weeks after which you should have a fair idea whether forex trading, the trading system or strategy is suited for you. In that time you haven't paid any money and effectively you have gained an understanding of swing trading techniques.
The webinars are conducted by 20 year experienced trader Saverio Berlinzani who has appeared on http://www.cnbc.com and worked for major banks in Europe.
