Best Way To Trade Forex

Open a Stock Broker Account
Find a good online stock broker and open an account. Become familiarized with the layout and to take advantage of the free trading tools offered to clients only. Some brokers even offer virtual trading which is extremely beneficial because you can trade with play money. You can find a list of brokers that support virtual trading on StockBrokers.com.

Read Books
Books provide a wealth of information and are usually inexpensive. Here on the site I have a full list of 20 great stock trading books for investors to consider. My personal all time favorite is How to Make Money in Stocks by William O’Neil, founder of CANSLIM Trading (find more books written by William O'Neil).

Read Articles
Articles can serve as a fantastic resource and are usually easy to understand and follow. Our free Stock Education page here on Stock Trading To Go lists over 100 unique investment articles broken down into categories. Everything from ETFs to margin trading and technical analysis basics are covered. I also recommend checking out investopedia.com.

Ask Lots of Questions
Having a place to ask questions and receive answers is a huge asset for any new investor. In school asking questions to a teacher/instructor/professor or leveraging online stock forums there is always someone readily available to help the cause. Some popular stock forums include Elite Trader and Trade2Win.

Browse Financial News Sites
News sites such as Yahoo Finance and Google Finance serve as a great resource for new investors. By reading headline stories investors can expose themselves to different stock terms for example. Pulling quotes and observing fundamental data can also serve as another good source of exposure.

Consider Paid Subscriptions
Paying for research and analysis can be both educational and useful. Some investors may find watching or observing market professionals to be more beneficial than trying to apply newly learned lessons themselves. There are many paid subscription sites available including Dan Zanger, Investors.com, and Morningstar just to name a few.

Watch TV
When the stock market is open CNBC is the #1 source for financial news. Even turning on CNBC for 15 minutes a day will broaden an investors knowledge base. Don't let the lingo or the style of news be a nuisance, just simply watch and allow the commentators, interviews, and comments to soak in. Note though, over time you may find that a lot of the investing shows on TV are more of a distraction and overall full of crap. This is a natural occurrence; you are not alone!

Go to Seminars
Seminars can provide valuable insight into the overall market and specific investment types. Most seminars will focus on one specific aspect of the market and how the speaker has found success utilizing their own strategies over the years. Note all seminars have be paid for either. Some seminars are provided free which can be a beneficial experience, just be conscious of the sales pitch that will almost always come at the end.

Sign up for our Free Daily Market Recaps
Written by professional investors and seasoned traders, our Daily Market Recaps are read by over 15,000 subscribers currently, serving as a great source of daily education and analysis on the market. Subscribe with Email ; Subscribe using RSS.

he type of currency you are spending, or getting rid of, is the base currency. The currency that you are purchasing is called quote currency. In forex trading, you sell 1 type of currency to purchase another type.

The exchange rate tells you how much you have to spend in quote currency to purchase base currency. For example, if you want to purchase some U.S. dollars using British pounds, you may see an exchange rate that looks like this: GBP/USD=1.589. This rate means that you'll spend 1.589 dollars for 1 British pound.

A long position means that you want to buy the base currency and sell the quote currency. In our example above, you would want to sell U.S. dollars to purchase British pounds.

A short position means that you want to buy quote currency and sell base currency. In other words, you would spend sell British pounds and purchase U.S. dollars.

is ma ham pisa kam sakta ha is maboht pisa sab is kam ko like karta ha sab ka liy ha forex ak ach business ha sab ko is ma kakarna ha to is ka liy is ka demo account ma traing karnho ge sab ko is maboht pisa milta ha sab ko is ma kakarna ha to is ka li is ka demo aount ma traing karn ho ge

he bid price is the price at which your broker is willing to buy base currency in exchange for quote currency. The bid is the best price at which you are willing to sell your quote currency on the market.