FOREX trading for beginners feels like rocket science... at first.
It need not be.
This article gives you simple, actionable information, a couple of fun facts, plus FREE cash (to test-trade) and trading signals to start with right here and NOW.
So let's get started already!
Just like everything else in life, most of what you struggle with as beginner FOREX trader is cheap stuff to someone else. FOREX is a special animal. Only 1% of traders make money consistently.
Most people simply lose more money than they make. As a beginner, the best thing is to earn money first,and then learn how to trade later. If that sounds pleasant to you, then you should want to use our FREE FOREX trading signals.
On top of all that, most expert promise you failure.
We promise success.
It's a promise because we know what success tastes like, firsthand.
Our FOREX trading signals take you to heart of the matter. They take you to the money... straight up.
Hmm, FOREX. How do I explain this miracle to you?
OK. Have you ever had to change one currency to another?
Maybe when your brother from another mother sent you 500 British pounds and you live in the Netherlands where you spend the Euro. If you're like most people in the Netherlands, you'll have to exchange that 500 British pounds for its Euro equivalent before you get a chance at spending that money.
Of course, yes.
To convert that 500 British pounds to euro, you'd be given a conversion rate. Generally there are two possibilities here. You could have more Euros (more than €500) or less Euros ( less than €500), depending on conversion rares of US Dollars to Euros.
This simple activity of conversion is what FOREX trading is all about. FOREX is short for FOREIGN EXCHANGE.
You already know that when you travel to a foreign country you’ll have to exchange your home currency to the local currency. That’s FOREX.
In short, FOREX TRADING is conversion of one currency (e.g. British pounds) to another currency (e.g. Euros), with the intent of making a profit.
What is traded in FOREX? A lot... Cocoa, grains, currencies, and other cash crops.
In the our case we trade currencies. So we trade MONEY! The goal is to trade a weak currency for a stronger one or vice versa.
Rates of conversion between currencies are never static. They're always changing. You can benefit from these changes by exchanging a weaker currency for stronger one. If you do this successfully, you'll make a profit. If not, you'll lose money.
If you exchange currencies successfully on a consistent basis, then you can remain successful. 99% percent of FOREX traders can't consistently exchange currencies without losing more money than they make. We are one of the top 1% who've been consistently profitable in trading the FOREX market.
When you give out a currency in exchange for another currency, you have simultaneously bought one currency and sold the other. So note that FOREX is always traded in pairs
Now, imagine you have a £100 bill in your pocket right now and you decided to change it to United States Dollars because you were planning to travel to New York. Let’s assume you converted that money at an exchange rate of 1.520. That means for every £1 you get 1.52 US Dollar. With this rate, you now have $152 USD.
Suddenly, you got promoted at work and cancelled your trip to New York, and decided to change the 152 US Dollars back to British Pounds. As your lucky stars would have it, the exchange rate had plummeted to 1.11 (meaning £1 = 1.11 US Dollars, now)
How much British Pounds would you have afterwards?
$152 USD/ 1.11 (the new exchange rate) = £136.94. WOW!
You just made an accidental £36.84 profit on your money, without even making an effort at it…
That was accidental. How would you like to make this profit regularly?
Being able to accurately predict these changes in exchange rates is what FOREX trading is all about.
Here’s the twist,
The fact that you can make money doing this means that you can also lose money if you find yourself on the wrong side of the exchange rate. This is something crucial in FOREX trading for beginners.
Success here demands SERIOUS expertise.
But you do not have to be the expert... Josh and I have spent time and money to perfect our skill in this respect. Ask anyone who've remotely been on this path, they'd affirm that this is a very long, laborious and expensive journey. You don't need to reinvent the wheel. We are here to help you jump the queue.
I'll tell you when to convert one currency to another currency (this is called FOREX trading signals) and you will make money by doing so.
You don't need to know any more about FOREX than this. Our trading signals is used by traders in more than 50 countries. It's basically plug and play. Follow what we tell you and make money, simple.
All that is standing between you and making money in the FOREX market is to open a FOREX account with a FOREX broker, download the MT4 FOREX trading platform, and get acquainted with the simple basics of using the platform. And then use our signals to start earning money. Click here to learn how the trading software used for FOREX works.
Frankly, this article is by no means exhaustive. But,then details will only inundate you. Most of the 99% who don't know how to consistently make money from FOREX actually know more details than they need.
You wanna start making money right here and now – believe me that extra knowledge may, in fact, is irrelevant – you don’t need to be inundated to succeed. So Start SUCCEEDING here and NOW, and leave the excesses.
Go and get our FREE FOREX trading signals to start making money... No strings attached.