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The easiest way to start learning how to trade the Forex market is to pick up a book and start reading. There is plenty of introductory information on the market. Read a few books until the material begins to look familiar in each book. One thing to remember is that every person that publishes a book is not a good trader. Many authors claim to be good traders but that is just not the case. You will never see proof of the author's record as a trader, not one trading statement.



Some notable books on Forex trading are:

An accessible guide to trading the fast-moving foreign exchange market

The foreign exchange market, or forex, was once dominated by global banks, hedge funds, and multinational corporations, but that has all changed with Internet technology and the advent of online forex brokers. Now, hundreds of thousands of traders and investors around the world can participate in this profitable field.

Written by forex expert Kathy Lien, The Little Book of Currency Trading will show you how to effectively invest and trade in today's biggest market. Page by page, she describes the multitude of opportunities possible in the forex market, from short-term price swings to long-term trends, and details practical products that can help you achieve success, such as currency-based ETFs.

  • Explains the forces that drive currencies and provides strategies to profit from them
  • Reveals how you can use various currencies to reduce risk and take advantage of global trends
  • Examines financial vehicles that can help you make money without having to monitor the market every day

The Little Book of Currency Trading opens the world of currency trading and investing to anyone interested in entering this dynamic arena.



<forex course>
Another method to learn how to trade the Forex market is to take a few courses. There are plenty of courses but finding a good, quality one is very difficult. Many courses are terribly over-priced and will be of little value to you. Be careful and do your research on a course that interest you before giving up your hard earned cash. Do not only rely on the recommendations and reviews provided by the company giving the course. There are some education resources listed on YancyFX. Some of these resources may be useful. You are invited to evaluate them for your own needs.


<forex webinar/seminar>
Webinars and seminars are another good source of education. Literally, there are several webinars and seminars given every single day. Usually, there is no charge to attend and most of them will eventually try to sell you something. You should never pay for a webinar unless you are already familiar with the providers. Seminars sometimes have charges to cover location fees and other charges. You should evaluate the cost carefully before paying for a seminar.


<trade show>
Trade Shows are really good for meeting other traders. Many shows may be free but some do charge a fee. It may be worth a nominal fee to meet other people trying to do the same thing as you.


<trading room>
Trading Rooms have been popping up everywhere for the last few years. You really have to do your homework in this area. Some trading rooms are not worth the time spent in them. Other trading rooms may be very valuable. It is really hit-or-miss. Different rooms cater to different kinds of traders. Beware.

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