The basics to know about before starting Forex Spot

Forex is popular, for good reasons. With the democratization of the internet, individuals now have access, in just a few clicks, to almost all financial markets for only a few hundred dollars through brokers who aim to make everyone online trading.

Easily accessible, but not necessarily easy to understand Forex training requires a real draw to expect good profits over the medium and long term.

Therefore, if you hope to earn money easily, go your way! The Forex trading is not for you! Rather play at online casino or French Games!

Intelligently use Google!

Training, you will never find an infallible on the Web. On the other hand, enjoy free training offered by some online brokers, and take advantage of open source, ie the set of articles, webinars or training videos that are freely available on the internet by typing a few key words to "Google". Also browse the different sections of Forex.fr, including forum and glossary priority, because you can be almost 99% sure to find all the information needed to start.

A demo account is free, so abuse it!

Your first step into the forex, you will make using the demo account ( more here ). This is the basic tool to train and begin to develop a trading plan. It's free so overdo it! Make mistakes, learn from those mistakes, try to identify the currency pair you are interested in the tools you want to use to identify trends and areas of oversold and overbought, plan objectives and loss of profits in the short and long term, identify the key elements to consider for the new trader as the most important economic or specify the hours during which you are trading. Out the other items in " Trading ", including those related to micro-trading and trading weekly, could refer you ...

Technical Analysis / Fundamental Analysis, what's that?

After the laminated glossary forex site, you will already have an idea of what is meant by technical analysis and fundamental analysis . We recommend that you explore these two types of analysis here. Know that in all cases, it is best to combine the specific contributions of each approach, while taking into account your own preferences. Some are gifted with graphs and curves, others not. Start initially with what seems the simplest. Often, this will be of fundamental analysis.

In all cases, the objective will be to support your feelings using the two analyzes. Suppose you thought, like the market, the EURUSD will rise thanks to good employment figures for the U.S. (this is called "consensus"). It is desirable to verify the consensus by referring to the technical analysis to identify if the curves give you buying signals (ie you have to buy) or sell (ie that you have to sell).

Technical analysis may seem a little complicated at first, but you can not escape it. Best to start with the basics (moving averages etc ...) to direct you to more sophisticated indicators.

To get started in technical analysis, you can start by learning to use the MACD, because of its ease of interpretation. You will also find other indicators such as RSI, stochastics, Bollinger bands, etc. ... to help you follow the market trend and learn to identify the right signals to help you make the right decisions on the market .

The MACD and RSI, the best friends of the Chartists

The MACD is a trend indicator consists of three moving averages, the most commonly used by the Chartists (those who use technical analysis) are those at 9, 12 and 26 days. Its interpretation is simple: when the averages cross, there is a signal to buy or sell. A buy signal is given when the MACD crosses upward the signal line and a sell signal is given when the MACD crosses down the signal line.

Also the MACD, the RSI indicator is another favorite of traders. Its aim is to give signals either overbought or oversold for a given currency pair. If parity is defined as oversold by the method of RSI, it means that theoretically gives a buy signal since it can not long remain oversold. In the opposite direction, parity will tend to see overbought RSI's fall in the near future. However, parity can remain oversold or overbought long. Therefore, it is an indicator elusive and requires to have a good understanding, some experience in online trading.