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Note: The forex handbook is the only guide I recommend for learning forex. Period.
Learning how to trade forex is not an easy road. There is so much misinformation out there that a newbie can easily lose everything in a short amount of time. Trading forex is not rocket science, but it does require one to go in with a set strategy or a system as I like to call it.
I personally refuse to trade forex without a set system in place. This does not come from any automated forex programs or robots.
No, a system is a simple set of rules to follow when trading forex, to know when to buy and when to sell to come out on top. Everyday experienced people will make a very nice side income using forex. And everyday newbies will get eaten alive by the market.
If you’re going to make money in this business you need to learn how it works. You’re going to need to learn a system. That’s why I tell my visitors to start reading the forex handbook. And while you’re at it, take notes too.
And I don’t want to hear anyone complaining that they have to pay to get a detailed forex guide. If you’re not willing to pay to get good quality information then please stop thinking about forex and investing altogether.
Information is power and to learn how to trade forex is powerful stuff. If you have reliable resources on your side you can trade with your head. And if you choose not to listen to me, that’s fine. Just don’t come crying to me when you lose your cash.
To get started, start reading the forex handbook.
I should let you know I’ve totally fallen in love with the eToro Webtrader
This seems to be the best and brightest in forex trading and lets me trade easily. I used to prefer software programs but I’ve found nowadays that online traders are great because
1) Little to no cost
2) You don’t worry about updates
3) They don’t crash
4) Much more reliable
Also, I can now trade no matter where I am (at work, vacation or at home). eToro works very well and if you preview the videos for yourself you can see it at work!
People don’t just want to trade forex…they want to make money trading it. That’s why I tell you all to read the forex handbook when you learn forex.
Anyone can trade forex, it takes skills to make money with forex. Luckily, just like any investment, you can develop a profitable system. I’m not saying you’ll make millions, but at least you’ll have some extra money in the bank when you’re done with all this (and who couldn’t use some cash right now?).
I recommend the handbook because I believe very strongly that if you’re going to do this business you’ve got to do it right. Don’t learn it the free way or you won’t make any cash. Gotta spend seed money to make money. And if you don’t believe that then you probably won’t succeed in this business. Or any business for that matter.
Read the handbook and start trading today.
I just wanted to make a quick post talking about the program forex confidant. I found this program a while ago and must say I am impressed. It is one of the only forex guides that actually gives real information. To see exactly what it offers read here.
I’m definitely not saying that just reading a book is going to make you millions of dollars. But this guide is on the right track to helping you get started and profit in this business. You can spend years and thousands of dollars trying to figure forex out or you can read a straight forward guide and figure it out yourself.
The choice is yours.
Forex is a tough business. It’s not at all friendly to the new comers. In fact, seasoned forex vets will usually take advantage of “newbies” and score a few extra pip off them (ie. make a nice profit at a new person’s expense).
Before you start trading I recommend you read the forex handbook. It’s what I recommend to most forex new comers. This is complex game and its best to know what you’re getting in to. It is the ultimate “idiot’s guide to forex” and should help you formulate your own strategy for forex success depending on your trading style and what you want to do with your investments.
If you want to email me personally go ahead and do so, I’ve left my email on the contact form so people can ask me finance and forex related questions. Please understand that I’m a busy guy and I will mostly refer you to the handbook.
Happy learning!
Everyday people want to get started in forex. And of course most of them want to make a fast buck. There are those of us who want to do the exact opposite and trade forex long term to make a solid profit over time.
That’s why I always recommend learning from the forex handbook. I prefer to trade smart (not bet my house and try to make a quick buck). By learning the systems employed in the handbook you can see the proper way to trade and not worry about the crazy swings of the markets.
Long term trading in forex is my favorite because its less stress, low risk and high reward. Why? As you’ll see in the forex handbook, when you’re trading you need to know when to pull out. If you know a particular currency is in a slump and can afford to hold it for 6 months or even a year you can make a tidy profit with very little risk.
When the Canadian dollar shot through the roof smart investors sold of CDN for USD because they knew that, in the long run, CDN would be below the USD. This is one example of how to use forex as a side investment and still make some impressive cash.
One of the most frequent questions I get asked is what is the best way to learn forex? Well I’ll tell you right now that the internet is famous for scamming people and forex is no different–there are hundreds of forex scammers promising you the world for your credit card.
Personally, I’ve only been able to find one reliable system for learning forex. The forex handbook is the ultimate guide to learning forex. Why? It doesn’t rely on “automated programs” or “forex robots” which are quick and easy scams.
Instead, it’s the total newbie’s guide to learning how to trade forex in a profitable system. That is, it teaches you the rules you should be following when trading forex. And believe me, if you don’t have a system in place the forex market will chew you up and spit you out.
99% of people will make a profit with forex but will not understand when they should cash out. So in turn these 99% will end up losing all their money. I used the forex handbook to create a simple step by step system that would govern my rules on when to buy, when to sell and when to do nothing.
And believe me, you need a system that’s not based on emotions and the rollercoaster of the markets. That’s why I recommend the forex handbook to all the newbies starting out.
August 20, 2008 – 12:39 pm
Just wanted to let you guys know that the wikipedia forex article is a great resource for absolute newbies who want to learn a little more. I suggest you give it a read over before we get started.
Another heads up - CNN Forex Markets will give you the live updates on the current forex situations and market prices. This is pretty invaluable and I use it all the time for some general info.
Hey guys, while we’re getting set up here I just wanted to point you guys to Forex.com which is a pretty cool (& free!) tool on learning forex. More to come!
March 30, 2008 – 12:37 am
Note: The forex handbook is the only guide I recommend for learning forex. Period.
Learning how to trade forex is not an easy road. There is so much misinformation out there that a newbie can easily lose everything in a short amount of time. Trading forex is not rocket science, but it does require one to go in with a set strategy or a system as I like to call it.
I personally refuse to trade forex without a set system in place. This does not come from any automated forex programs or robots.
No, a system is a simple set of rules to follow when trading forex, to know when to buy and when to sell to come out on top. Everyday experienced people will make a very nice side income using forex. And everyday newbies will get eaten alive by the market.
If you’re going to make money in this business you need to learn how it works. You’re going to need to learn a system. That’s why I tell my visitors to start reading the forex handbook. And while you’re at it, take notes too.
And I don’t want to hear anyone complaining that they have to pay to get a detailed forex guide. If you’re not willing to pay to get good quality information then please stop thinking about forex and investing altogether.
Information is power and to learn how to trade forex is powerful stuff. If you have reliable resources on your side you can trade with your head. And if you choose not to listen to me, that’s fine. Just don’t come crying to me when you lose your cash.
To get started, start reading the forex handbook.
