October 9th, 2009
Forex demo account is one of the best learning, practicing, educational, informational and even entertaining tools that every Forex newbie can use for his advantage. Sometimes, beginning currency traders underestimate the usefulness (and I would say, the necessity) of the demo account trading. Demo account can be opened with almost any Forex broker and in 99.9% of cases it’s completely free. On the demo account one can trade Forex with [...]
Read the rest...September 26th, 2009
At some point of their learning curve newbie traders eventually face some of the problems that are intrinsic to the Forex trading industry. So, what are these problems, how to deal with them or even avoid them? Old Strategies Stop Working. You should be ready to update, tweak and tune your Forex trading strategy if you want to keep it profitable. Market conditions evolve and the old strategies [...]
Read the rest...July 27th, 2009
Almost all Forex analysts, mentors and common traders speak in the terms of the Japanese candlestick charts. When they present the example chart, it’s usually comprised of the small candles with weird lines and colors. A person that is not acquainted with the Japanese candlestick bars can be easily confused with such charts. That’s why it’s important to understand this most popular chart data representation. You’ve probably already seen something like this: On the image you can see a Japanese candlestick chart [...]
Read the rest...May 28th, 2009
Pivot points is a widely used tool among the Forex traders. But many newbie traders don’t get the idea of using the pivots or just plainly end up using them in a wrong way. There are many types of the pivot points exist and also many ways to calculate them were developed, but here I’ll try to explain the methods of using and calculating the most basic pivots — [...]
Read the rest...April 7th, 2009
Trading currencies involves more than technical knowledge and up to date information regarding market news and events. Each trade has its own numeric particularities, which will determine your profit/loss depending on several factors, such as: lot size, pip value, spread and leverage. This article will explain in 3 examples how you can manage your buy/sell orders in order to successfully achieve the expected results for each one of them.
Read the rest...Welcome to ForexNewbies.com, the premium resource for all your forex trading needs!
Browse our tools, download our free eBooks, join our forum and share your experience with other traders. Read our vast selection of articles and tutorials to help you avoid the common mistakes and build your own trading strategy.
