What the FOREX is?

Forex education is crucial for beginners.

Choose an Online Broker

• Before trading Forex you need to set up an account with a Forex broker. What exactly is a broker? In simplest terms, a broker is an individual or a company that buys and sells orders according to the trader's decisions. Brokers earn money by charging a commission or a fee for their services.
• Forex is a 24-hour market, so 24-hour support is a must! Can you contact the firm by phone, email, chat, etc. Do the reps seem knowledgeable? The quality of support can vary drastically from broker to broker, so be sure to check it out before opening an account.
• Most dealers offer very small “mini-accounts” for as little as $300. Mini-accounts are a great way to get started and test your trading skills and gain experience.

Resources

Below is a listing of more Forex resources that will make you a better trader.

• Recommended Trading Books
  A list of books that is mandatory reading if you want be a successful trader.
• Economic Data Guide
  Every week there are dozens of economic surveys and indicators released from different countries. Do you know your GDP from your CPI? This guide will show you how to analyze and interpret the different kinds of data so you'll become a more savvy and prepared trader.
   
• Forex Glossary
  A long list of Forex terms that you should familiarize yourself with in order to talk with the big boys.
• Financial News Sites
  A short list of financial news sites that we regularly use.
• Central Banks
  A list and description of world central banks and their web sites.
• Forex Directory
  A list of other Forex-related web sites which you might find useful.

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