Welcome to Forex Trading Tutorial For Beginners basics guide. If you are new to Forex trading and willing to start learning, you have landed at the right page.
This is a step by step Forex trading tutorial. This tutorial aims to provide all the necessary information to newcomers in one place.
This tutorial is created by a Forex trading expert; AKA Technician. Technician has been in the markets for over a decade . He is specialized in technical analysis and running for the Chartered Market Technician(level 2) certification. In addition to a Master’s degree in finance .
In this guide, we will explain the most basic definitions and concepts. The concepts you must know before you start learning how to analyze the markets, and make trades.
We will explain things like, what Forex trading is, and how trading works. Also, what is a Forex broker and how to choose one. How to read the prices and much more .
After completing this tutorial, you will be ready to start the intermediate level tutorial. The intermediate tutorial covers analysis and forecasting: Technical Analysis Basics Tutorial.
We ask you to be patient while reading, especially in the beginning. If you feel that a topic is not cleast keep going, it will be clearer by the end of the tutorial.
If you have any questions after completing, please drop it in the comments section. It is at the end of this page.
You can move between chapters through the drop down menu below.
In Forex, you can trade mainly currencies. One currency against another, and that’s why it is called a currency pair. The value of one currency against another currency.
For example, the EUR/USD is a currency pair, which is the value of one Euro in U.S. dollar.
Remember: Major and most traded currency pairs in the forex market arethe EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD and NZDUSD.
In the past decade, Forex brokers have expanded their offering to include other types of instruments. If you open a trading account with any good broker nowadays, you would be able to trade several types of products. For example:
- Precious metals such as gold and silver.
- Energy, such as Oil and Gas.
- Global stock indices. Such as S&P500 and NASDAQ.
- And recently, even Bitcoin.
Forex trading tutorial hint: When you are ready to start trading, always look for brokers that have a wide variety of instruments. You never know where the opportunity resides.