Congratulations on taking your first step into the world of Currencies trading. Many people start off their journey by saying, “I want to trade foreign currencies.” They take that first step and then they stop and say, “Now what do I do?” This video walks a new, aspiring trader through the first steps of the process from choosing and opening a trading account to the steps of funding and starting with demo and live trading.
Becoming a Currency Trader
Currency Market Basics
Forex Basics gives a 30,000 foot view of the foreign currency markets. Here, you’ll receive explanations of: What exactly is Forex; How does the currency exchange market work; and how do currencies change value. This will help you to understand why we do things in certain ways as you progress through the Qualification Program Curriculum. In this video, we cover many of the unique terms in Forex that can cause confusion and hesitation for a new trader. By understanding the Forex jargon, it allows a new trader to begin learning charting setups, position sizing and the nuts and bolts of currency trading.
Who makes up the Forex Market? In the Market Participants video, you’ll learn where the forex market is located (it’s everywhere), who actually participates in the Forex marketplace and drives price movements, what the hours of the forex market are, and what are the best and worst times to trade currencies. Forex trading becomes a more familiar endeavor and a new trader can begin to work on the skills necessary to be a profitable currency trader.
