Learning is key to getting started with forex trading, and its a field where your education never stops.

What is Forex trading

This is the difference between the sell quote and the buy quote or the bid and offer price.

Stop loss order

This is a order to your broker that is connected to a trade for the purpose of preventing further losses if the price of a currency moves beyond a level that you specify. It is commonly used to control your risk and limit potential losses.

Forex trading for beginners courses

There are many classroom based and online courses available out there that are suitable for people who want to start trading forex. They are ideal for both beginners who want to learn everything, as well as experienced professionals who require specialist training in specific fields.

Typical subjects taught on a forex course

• Ask Price
• Bid Price
• Currency Contracts
• Currency Conversion
• Currency Symbols
• Day Trading
• Exchange Rates
• Financial Resources
• Foreign Exchange Rates
• Forex Charting
• Forex Trading Terminology
• Fundamental Analysis
• Futures Markets
• Interest Rates
• Leveraged Trading
• Liquidity
• Money Management
• Practice trading
• Price Action Trading
• Risk Tolerance
• Selling Short
• Technical Analysis Theories
• Trade Flows
• Traders Psychology
• World Currencies

• Clarify your investment objectives.
• Take losses without becoming emotional about them and letting them affect your judgement.
• Develop trading strategies.
• Remain calm, disciplined and unemotional when making forex decisions.
• Calculate profit and loss.
• Keep accurate records of your trades.
• Not risk too much on a single trade.
• Set a risk to yield ratio.

You will learn about

• Buying and selling currencies.
• Internet based forex trading software.
• Geopolitical risks to currencies.
• How a countries economic strength or weakness can affect its currency.
• Forex currency pair quotes.