Forex Newbies - Forex Trading for Newbies Explained

Using Popular Forex Indicators

June 7th, 2011

This is a guest blog post provided by http://www.forex-trading-rookie.com/: Technical analysis in the Forex market involves monitoring price action to make decisions about when to get into and out of a trade. To help with the process of analyzing Forex charts, traders often use indicators. When using the MetaTrader platform, several indicators can be used by simply inserting them into a chart. Here are some of the most popular Forex indicators and how [...]

Read the rest...

Subscription to New Posts Added

March 19th, 2011

You can now subscribe to the new posts on ForexNewbies.com by e-mail. Please use the form in the right bottom part of the site to sign up for the newsletter. We won’t send the messages to often — you will get the new posts notifications only once a month. Another good change today was the reduction of the advertisements on the site. Now ForexNewbies.com features only one banner, which will further improve visitor experience.

Read the rest...

Top 3 Forex Scams

February 11th, 2011

It’s easy to get scammed as a retail Forex trader. But that doesn’t have to happen to you. The best silver bullet against Forex vampires is to remember that no one has anything to give away. There’s no such thing as a free lunch. If someone promises you huge returns for little time and money invested, it likely is a scam. If it sounds too good to be true, [...]

Read the rest...

What Is MetaTrader?

January 15th, 2011

MetaTrader is an electronic trading software created by MetaQuotes Corp. for online Forex, CFD and futures trading. It allows advanced charting (with multiple built-in indicators), multiple-account and multiple-window management, setting all types of market orders (except for OCO) and features a C-like programming language (MQL) that allows development of the custom indicators, scripts and trading robots (called expert advisors in MetaTrader). But the most important feature of MetaTrader is that [...]

Read the rest...

What Is Forex Spread?

October 16th, 2010

Many beginning currency traders ask what Forex spread is. Despite the common unfamiliarity of this term to the laymen, it’s a rather simple concept. Nevertheless it’s also very important in Forex trading as the profits and losses depend on the spreads of the currency pairs. Definition. Forex spread is a difference between the price you can buy a currency pair from the market (Ask) and the price you can sell a currency pair to the market (Bid). [...]

Read the rest...