Trader Resources 
Forex Bible Beginner Introduction
Forex Bible Beginner Introduction
Introduction
What is FOREX?The Foreign Exchange market, also referred to as the "FOREX" or "Forex" or "Retail forex" or "FX" or "Spot FX" or just "Spot" is the largest financial market in the world, with a volume of over $4 trillion a day. If you compare that to the $70 billion…
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Introduction
In the FX market, you buy or sell currencies. Placing a trade in the foreign exchange market is simple: the mechanics of a trade are very similar to those found in other markets (like the stock market), so if you have any experience in trading, you should be able to…
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Introduction
Here is where we’re going to do a little math. You've probably heard of the terms "pips" and "lots" thrown around, and here we're going to explain what they are and show you how they are calculated. Take your time with this information, as it is required knowledge for all…
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Introduction
The term "order" refers to how you will enter or exit a trade. Here we discuss the different types of orders that can be placed into the foreign exchange market. Be sure that you know which types of orders your broker accepts. Different brokers accept different types of orders.Order TypesBasic…
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Introduction
Before trading Forex you need to set up an account with a Forex broker. So what exactly is a broker? In simplest terms, a broker is an individual or a company that buys and sells orders according to the trader's decisions. Brokers earn money by charging a commission or a…
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Introduction
Opening a new online trading account with a Forex broker can be done in three simple steps:1. Selecting an account type 2. Registration 3. Activating your account Before trading a dime of your hard earned money, you may want to think about opening demo account. Account TypesWhen you're ready to open a live…
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Introduction
Forex versus Stocks Advantages Advantage FOREX Stocks 24-hour Trading YES NO Commission Free Trading YES NO Instant Execution of Market Orders YES NO Short-Selling without an Upstick YES NO 24-Hour MarketThe Forex market is a seamless 24-hour market. Most brokers are open from Sunday at 2PM EST until Friday at…
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Introduction
Forex versus Futures Advantages Advantage FOREX Futures 24-hour Trading YES NO Commission Free Trading* YES NO Up to 500:1 Leverage YES NO Price Certainty YES NO Guaranteed Limited Risk YES NO Liquidity In the spot Forex market, almost $4 trillion is traded daily, making it the largest and most…
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Introduction
As in any new skill that you learn, you need to learn the lingo (language). You, the new trader, must know certain terms like the back of your hand before making your first trade. Some of these terms you've already learned, but it never hurts to have a little review.…
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Introduction
Before we go any further we are going to be 100% honest with you and tell you the following before you consider trading currencies:1. All forex traders, and we mean all traders LOSE money on trades. Ninety percent of traders lose money, largely due to lack of planning and training and…
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Introduction