Make me a Trader by Charlie Burton
The forex Market – The forex market is the biggest market to trade by far. We explain exactly what it is and how you can trade it.
Risk – Nobody likes losing money, yet there is no guaranteed 100% strategy unless you are happy with the returns from your building society. Even that is actually flawed as inflation has been running higher than the standard interest rates for some years now.
It is important to understand risk and the fact that it really does not matter if you have losing positions. The important thing to understand is that you just need to make more than you lose on a regular basis. The bottom line is all that counts. We never place a trade without knowing the risk first and the potential reward. The principles are covered in the videos.
Market analysis – So how do we decide on whether to take a trade or not? Of course you could just listen to the person down the club, but that is really just his or her sentiment. There are a number of methods that can be used to help us make a decision which we cover on these videos including looking at charts and the fundamental strength of the market.
Market information – Whilst we provide information on our weekly and daily videos, we also show you where you can find the information needed to trade.
What should you record – The best way to improve your trading is to monitor what you are doing. You will learn so much if record the right information on your trades. We show you both a manual version and some cheap software which you could use to record your results.
Placing the order – Once you know what you are wanting to trade, you need to know how to place the order. We actually show you how this is done using the most common brokers platform available and on one of our recommended brokers.
There’s more – There are a number of other subjects we have covered including testing your strategy, what are the best times to be trading etc.
Forex Trading – Foreign Exchange Course
Want to learn about Forex?
Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.