How To Learn Forex Trading For Free

Filed in Learn Forex Trading by on June 2, 2009 2 Comments • views: 1797

It is an understandable request. People do want to learn forex for free. Not everyone can afford to send themselves to finance school and some of those educational online trading systems can literally burn holes into the wallet. So, is there any possibility of learning how to trade successfully in the forex market for free? The answer is a resounding yes. All you would need is to be a bit more creative than usual and dedicate a lot of time in your endeavor. Here are some tips how.

1. Go to your local library. There are mounds and mounds of books there that are dedicated to forex and the various forex trading schemes. Start off with books that detail the basics of this financial market and gradually work your way into the more technical ones.

Take notes and learn how to compare information. Try not to take one piece of literature as the all-you-would-ever-need book. Trading schemes change over time, and what may have been ethical during the earlier years may be frowned upon now. Be open to some less conventional ideas but keep a discerning mind as well. You would need both when you are actually trading currencies on the virtual market floor.

2. Go online. Incredibly, there are websites that may be offering their software applications for specific rates, but their archives are rich with free information you can learn from. If you are serious about engaging in this business, one of the best things you could do is to actually bookmark two or more sites that have forex dictionaries. This way, while you are doing your research about the market, you will not get lost in the translation.

Two or more forex dictionaries can give you a comprehensive look at the terminology being used. Again, it is important not to subscribe to only one source.

3. Be on the lookout for free forex seminars in community centers, schools, and universities. Free forex conventions are rare but they do exist. These are great ways of not only learning more about the trade, but you will also get to meet like-minded professionals who may be willing to give neophytes some free tips, brochures, software, and even dates for the next free meets.

Seminars and conventions are also the perfect place to learn about new market trends and developments that books and online archives cannot provide. However, we recommend that you spruce up your forex knowledge about the topic at hand before you actually join such meets. Seminar organizers usually declare what topics will be discussed and more often than not, only these will be tackled.

The only drawback to this is that most seminars like so will not revolve around teaching forex basics. If the discussions seem a bit way over your head, continue taking down notes. You can always make more detailed inquiries on your own afterwards.

4. Subscribe to free online tutorials. Visit your favorite online video providers. There is a very god chance that there will be free online forex tutorials you can peruse. These videos will eventually lead you to the actual website that offers software applications or trading schemes. You can use these without buying any product, you know.

Comments (2)

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  1. Dori Stein says:

    Hi,

    My name is Dori Stein and I manage partner relations at eToro.com.
    We’ve developed a simple and intuitive way to trade Forex and opened for everyone a window to the world of Forex trading. Forex trading doesn’t have to be all charts and graphs and difficult terminology. At eToro you can trade using our exciting visualizations that make the mechanics of Forex trading easily understandable through investing games.
    I would really appreciate it if you could send me one of your contact details so we can discuss ways to work together. My email is: doristein@etoro.com .

    Sincerely,
    Dori

  2. wow,

    a very good guide for newbies on forex trading.

    thanks for the info…

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