Forex Trading

Most of the people contacted me through my contact form in www.techblaster.net and asked me to write some articles on basics of Forex trading. They further mentioned that most free sources gives advanced tips on Forex trading but no one is giving the basics. Since I am a Forex trader for more than 2 years duration, I decided to write some posts about the basics of Forex and how to trade in foreign exchange market through this blog. 


The content of this blog is more than enough to be a profitable Forex trader, but not enough to become a best Forex trader. Because no theory can develop the skills of a person. So what you have to do is practice on demo account by using one indicator at a time and find out the best combination that works for you. Because the combinations are differ from one person to another. The most important thing is you should not trade on real money until you are competent enough to make profits. So you can practice on demo accounts until you get 80% of your trades are end up with profits. Here I am expecting to include 8 to 10 basic lessons for you to have a basic knowledge on Forex. Later we will decide to add advanced Forex tips as well.

The following are the basic lessons that I am going to discuss in future.


Lesson 1 : Introduction to Forex trading
Lesson 2 : More than Introduction
Lesson 3 : Requirements and Market hours
Lesson 4 : How to select a Forex broker
Lesson 5 : Fundamental analysis and technical analysis
Lesson 6 : Japanese candlesticks
Lesson 7 : Trend and Candlestick patterns
Lesson 8 : Popular indicators in Forex trading
Lesson 9 : How to use different indicators
Lesson 10 : Money management


According to my trading experience above lessons are more than enough to trade successfully in Forex. The other requirement is the practice. So you need to download a platform which is provided by a Forex broker. Don't be hurry download platforms. I will explain all those in my lessons. Go step by step from one lesson to another. Then you can select a better broker for Forex trading. Go with me, then you will not loose any.

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