Forex Trading is without a doubt one of the most powerful vehicles for creating wealth. Significant returns are possible (often in very short time frames) due to the incredible leverage and liquidity that this unique market provides. However, with this potential large reward comes significant risk that must be carefully managed in order to both become and remain consistently profitable. To quote someone who is arguably the most successful forex trader in history…
“It’s not about being right or wrong, rather it’s about how much money you make when you’re right and how much you don’t lose when you’re wrong.” - George Soros (Forex Trading Legend)
So what is the key to becoming a profitable foreign exchange trader i.e. making considerably more money than you lose over the long-term? First and foremost you need a rock solid forex trading education about what the foreign exchange market it is, how it works, who the players are and how you as a retail trader can participate safely and profitably. That is the purpose of this website – to cut your learning curve by educating you with ‘hard won’ knowledge (you never stop learning by the way) and arming you with the necessary tools to get you on the fast-track to forex trading success.
Forex Trading Education, Tools & Resources
Each of the categories below contain a growing number of highly informative and useful articles that will serve as the building blocks of your currency trading knowledge. You’ll learn forex trading basics right through to advanced forex trading strategies including how to put together your own forex trading system that gives you a real edge in the market (i.e. produces consistently accurate forex trading signals). You’ll also find reviews of various forex trading tools and resources (including powerful forex trading software) that can significantly increase your chances of success and profitability.
There is a lot of information here for both beginner and seasoned forex traders a like. Take your time. Becoming successful at forex trading takes considerable time and effort. Mastery comes at a price (not the least of which is patience) as any truly successful currency trader will tell you. There’s a lot to learn, understand and practice and you constantly have to work at it, especially as this market is always changing / evolving. You will not make a fortune overnight, however if you stick with it, master the fundamentals, put in the ‘screen time’ (i.e. studying forex charts and price action) and most importantly diligently protect your trading capital, you just may survive long enough to reap the incredible financial rewards so often touted, yet not often realized in this global forex trading game.
- Forex Trading BasicsLearn the basic fundamentals of what the exciting and potentially very lucrative forex market. Discover how it works, who the major players are and how you can get involved.
- Forex BrokersHow to choose the best forex broker for your individual needs. How to determine the 'good guys' from the shady operators.
- Forex Trading SoftwareDiscover the features, pros and cons of today's most popular forex trading platforms, expert advisors and other tools.
- Forex Fundamental AnalysisUnderstand and interpret the dominant fundamental and economic drivers that move exchange rates.
- Forex Technical AnalysisHow to use charts, technical indicators and price action to determine likely future prices.
- Forex Trading StrategiesProven approaches to making consistent short and long-term profits trading currencies.
- Forex Money ManagementIf there is a holy grail when it comes to forex trading, then money management is it.
- Trading PsychologyHow to develop a winning trading psychology that is so critical to your success.