Forex Trading Basics
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There is a big market for currency trading tutorial material. The FX (foreign exchange) trading market is huge, and many experienced traders are now offering training to hopeful beginners or intermediate level traders who want to improve their profits. But can you expect to find good training for free, and if so, what is the best place to go to find it?
There are more and more traders pouring into the forex trading sector every day. There is always money to be made and this is certain to attract large numbers. At the same time, the market is not likely to become saturated. There are so many possible trades to make between all the different currencies and banks and private individuals will always need to make Forex exchanges.
So why is the forex market so profitable? The answer is that fluctuations in the exchange rates can be intense and very quick, especially in times when the world economy or the economy of a particular country is unsettled. When a country’s currency is constantly changing in value, a lot of money can be made in a very short time. That is, if you are lucky – or if you know what you are doing.
This means that people are always hungry for training materials that will help to give them an edge. They want to discover how to predict the rise and fall of the market. That is how money is made and it is a skill that can be acquired.
So why would a high earning forex trader want to spill his secrets in a currency trading tutorial?
Skilled, experienced forex traders are used to responding to a market. So when they see a demand for learning their skills, they respond to that market too. Traders want to make money in all possible ways and those ways includes teaching others. Often when a person sets out to teach something, they end up learning new things about the subject themselves. Or sometimes they are tired of just working with numbers all day and want to work with real people for a change!
Nevertheless, a good trader who is investing his time in providing training material will generally expect to get something back. This means that any free forex tutorial, if it is worth investing your time, will have some payback for the trader providing it somewhere down the line. Probably they will send you promotions for other products that they offer. This is not a problem of course, you will not be obligated and you can just ignore these.
This does mean that although the free tutorial may be very useful for you, it will not contain everything that the trader has to teach. He will often be holding back many secrets for his paying members or buyers.
Because of this, free forex tutorials are usually best for beginners. At that level you can learn a lot from a trader just showing you the basics. If you are new to forex it will be much better for you this way and you will be grateful that he does not confuse the issue by throwing in all his advanced strategies into the free currency trading tutorial!
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How To Buy Good Stocks
Although it may seem obvious to most stock market swing traders there are a number of simple rules that you can follow which will ensure that you have more success when buying stocks:
In the USA stock market there are 3 major indexes which are each made up of a basket of stocks, they are the S and P 500 (also known as the S&P500), the DOW 30 and the Nadaq 100. These stock indexes generally only contain major blue chip stocks, as long as you buy from these 3 groups you will at least know that you are getting a well known solid stock.
For example the DOW30 contains major industrials and large multinational stocks such as Home Depot (HD) and Johnson and Johnson (JNJ) whereas the Nasdaq 100 mainly contains techical companies such as Apple (AAPL) and Miscrosoft (MSFT).
Always buy a stock that is liquid, this means that it is a highly traded stock, this will enable you to easily buy and sell at the price you want without having a delay. You will also get a lower spread, thats the difference between the BID and ASK price of the stock. For a stock to be considered very liquid it should trade at least 500,000 shares per day, ideally even more.
It is best to avoid stocks that are bellow as this usually means the company is in trouble, although with the bear market of 2008 there have been a lot of good stocks at bargin prices between and . Avoid buying a stock below at anytime.
Another consideration is options, does the stock has options?, this will be important if you want to trade options around your stock, such as a covered call, or you may want to buy a PUT option inorder to protect your stock.
Be very cautious about buying a stock just before it’s earnings are released, stocks often drop significantly if they come out with a poor report. Earnings are released 4 times a year with one of them being the annual report.
If you are going to trade options make sure that you learn how to trade by getting some good education. There are many swing trading strategies that work well with stocks in todays volatile markets.
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