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Wednesday, January 7, 2009

The Basics

Read this – a great forex primer:
http://www.forex.com/history_forex.html
On the left navigation section, you'll see "Forex Pro > Short Term Trend
Trading". This is an essential read for you – even if it seems technical in nature, you
should read it anyway, just to get the information in your head one time. I suggest
you read everything on this link, start to finish. Getting a background in the market
takes about a week (at most), but it's very important for you to understand how the
system works. The knowledge you gain early will pay off later. I didn't read this stuff
BEFORE trading, and it actually kind of helps to read through the material while
you’re entering and watching your first trades – because there’s nothing quite like
trading while you learn. Read the sections in "Forex Essentials". This is as clear an
explanation as exists.

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