Forex
Trading Basics
It is probable that
if a new forex trader has actively traded stocks in the past (ex; day
trading stocks with a direct access level II broker or swing trading
with an online broker), he is already familiar with some of the basic
trading information that will be covered in this section of the forex
training. For novice traders and for ex-traders that want a review,
this section can be included in the overall training and can include
a discussion of the following topics:
 The
relevance of concepts such as BID and ASK in forex trading.- The
proper use of basic buy and sell orders such as:*
- Market
orders
- Limit
orders
- Stop
orders
- GTC
and day orders
- Charting
different currency pairs
- Different
charts used in trading
- Candlestick
charts
- Setting
stop losses
- Using
margin in forex trading
- Technical
analysis concepts
- Using
currency charts with technical indicators
- When
to buy and sell a given currency pair
- Candlestick
charting
Some of the information
provided in this training section can be self studied in the forex education
section.
Click on the link
below or the link on the upper right hand corner of the page to return
to the forex training section.
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