Welcome to the world of forex!
Welcome, beginner! You’re well on your way to becoming a trader. You’ve got it right so far – you’re doing your research before you start. That’s essential for success in this pursuit. Trading is serious business and your hard-earned money is at risk. You’re right to be careful and look before you leap.
Many ads in this business show some guy with a Rolex on his wrist leaving his trading station, jumping into his Maserati, and blasting off to a fancy restaurant where a gorgeous woman with a plunging neckline awaits him, the idea being that if you start trading too, the money for a lifestyle like that will soon be pouring in. Hah! If only it were that easy. Let me tell you a secret: it’s not. It’s not easy at all. There’s a lot you have to learn to become a successful trader.
These pages will give you the basics that you need to know as you start to learn about trading currencies. I would urge you to read them before you put your money on the line. Furthermore, this is by no means an exhaustive introduction. You should continue to read and watch everything you can get your hands on about currencies and trading so that you can participate in the market with confidence.
So let’s start from the beginning…what is Forex?