Forex Seminar Providers - Other

In addition to brokerages, many other forex market participants arrange seminars. Among the most important groups are information providers, such as Bloomberg and Reuters that continually arrange seminars on how to use their forex terminals and information flow.

Forex Seminar Providers - Brokerages

Many brokerages arrange seminars for several reasons. First, it is an excellent place to let the customer dealers get to know their clients better. Another thing is that the newcomer clients are welcomed to the house.

Seminars are also a great way for brokerages to cross-sell services to clients. In addition to using the currency dealing service, you or your company might find value using the brokerage’s forex advisory function.

If you decide to attend a seminar arranged by a brokerage, don’t forget to give your business card to the brokerage analysts, so that they start sending you their daily/weekly/monthly analyses, which are one of the best sources for on-going forex education.

Furthermore, you probably should attend a brokerage seminar if you’re unfamiliar with the online trading system they use. Most bigger brokerages provide introductory seminars where the trading system functions are explained.

Forex Seminars

Forex seminars are good places to learn from the best traders around. Because the seminar organizers need big crowds to make money out of the events, they usually sign these big name traders to pull in the crowds.

Many use seminars as motivating refreshers as well. FX seminars provide the kind of atmosphere and encouragement that helps to handle the ups and downs of forex markets a bit better.

Furthermore, if you’re already familiar with stock trading, forex seminars may be all you need to get the fast-track big picture on what’s different with the forex markets (for example, many quote the differences in short selling restrictions as one of the major factors).

Forex Instruction – FX-Strategy

FX-Strategy offers intensive web-based courses with an option for personal coaching sessions. The lessons include technical analysis training, using charting software, and money management techniques.

The full forex instruction package includes trading materials, online presentations, lectures, and assignments. The (optional, for fee) personal coaching is given by Doug Schaff.

Instruction for Forex – Learn4x

Learn4x was founded by Abe Cofnas, with special expertise in currency day trading. The company offers courses customized to each student’s particular needs and interest.

Furthermore, the company has aligned themselves with brokerages, allowing for a trading demo system to be used as a training tool.

The company offers foreign exchange instruction courses in the introductory level and advanced level with more detailed technical analysis trading rules.

Instruction for Forex Providers

To start receiving instruction for FX trading purposes, you need to enroll into one of the professional training firms.

There are many companies providing instruction courses on forex markets. Below are a few samples you might want to take a look at.

Best Forex Instruction Courses

If you’re thinking about getting instruction for trading purposes over the Internet, you should look for providers that give a total trading system to trade forex, including but not limited to, entry and exit rules, money management (handling risk), advice on which currency pairs to trade, etc.

Furthermore, as Internet allows for real-time charts to be used in education, the best foreign exchange instruction courses use these charts. You’ll find real-time charts very beneficial especially if you’re learning forex day-trading.

In addition, some of the best providers have aligned themselves with brokerages, sometimes giving you the possibility to get demo accounts to try out your trading style before starting to trade real money.

Forex Instruction

Similarly to mentoring, forex instruction for trading purposes is given on one-on-one situations involving trading calls.

Usually, instruction is given to teach a particular trading method in a simulated trading environment.

Because Internet allows for interactive charts and paper trading on a simulated environment, instruction for forex over the Internet is one of the hottest trends in trading right now.

Moreover, most of the instruction given over the Net is available for customers over the world, with flexible schedules.

Professional Currency Trading Information Sources

For larger corporations and individuals with larger forex accounts, the professional systems are a natural choice. Companies offering professional platforms include

• Reuters
• Bridge (Reuters company)
• Bloomberg
• ILX Systems (Thomson company)
• Primark Corp.
• FactSet Research Systems

The assuring aspect of purchasing one of the professional systems is that you know that you’re at par with the dealing room traders, who get the exact same information from the same providers. This might be important especially if you day-trade forex products.

Affordable Currency Trading Information Sources

If you don’t yet have a brokerage, chances are that you can get a variety of information and analysis tools in the package, at least if you go with one of the online brokers.

Many online brokers add real-time news feed, real-time charts, email alerts, and (technical) analysis tools in their platform package. Not all do, so you should check the details before signing up with a brokerage.

Other affordable information sources include such online web sites as INO.com, Traders.com, Bloomberg and Reuters web sites.

You can also sign up with one of the online companies offering forex analysis for a fee, such as OzForex or Investica. Many of these services send, for example, end-of-day analysis packages via email.

Currency Trading Information

Currency trading information needs are various. Depending on your particular strategy, you might need real-time charts, news feed, and real-time third party analysis.

The most rapidly expanding group of currency traders is those using mini forex accounts and other online forex accounts with smaller account sizes.

The high-end FX trading information sources, such as Bloomberg and Bridge, are very much out of the small investors price range. However, for larger corporations and individuals with larger accounts, these tried and trusted systems are the obvious choice.

The affordable choices for information sources are free online news feeds, your brokerage's news feed and analysis tools attached to the software platform, and other online resources.

Mini Forex Accounts – Providers

With Internet, the popularity of mini FX accounts has skyrocketed. In fact, many stock investors seem keen to spread their risk by taking positions on the forex market with mini FX trading accounts.

There are tens of providers available for mini FX accounts. These providers differ in, for example, overnight rates, trading spreads, and maximum leverage rules, so you should take your time comparing the offers.

In addition to comparing the mini forex accounts, compare the trading platforms available. There are huge differences in the ease of use and interface design between trading platforms.

The choice of a platform may, in fact, affect your trading returns (you have to have the ability to use the platform correctly and quickly), so choose one that you’re comfortable with.

Trading with Mini Forex Accounts

Because the trades placed with mini FX accounts are placed outside of the interbank forex market (due to their size), the marketmaker for the mini trading lots is usually the same brokerage that you have the mini forex account with.

But, because the brokerage can hedge risk effectively in the interbank market, they can (usually) also offer comparative spreads and comparative market prices to the actual forex markets.

However, you’ll find differences in rollover rates (rates paid to or subtracted from an account held overnight) that will affect your trading performance. Therefore, it usually pays off to compare mini FX accounts to find the best rates on overnight positions (in addition to the most competitive spreads).

Mini Forex Accounts

Mini forex accounts describe an account within a forex brokerage that allow the customer to participate in trading FX with fractional minimum account size to the “real” forex accounts.

The mini FX accounts are possible due to the fractional trading sizes, with one mini lot being a fraction of one actual lot in the interbank forex market.

This way, the margin requirement and account size can be fractional in size as well.

Forex Trading Solutions - Systems

Forex trading systems are turnkey forex trading solutions. The system gives signals for the selected currency pairs and the profits and losses are made by following these signals.

There are many ways to purchase or subscribe to systems. Some companies offer subscriptions to trading signals via emails based on their system. Others let you buy their software, which is used with selected currency pair’s data to get the trading signals.

Some systems are sold with all of the trading rules revealed. Others will be sold as black box systems, where you just get trading signals, but no detailed information what triggers the signals.

Forex Trading Solutions - Techniques

Once you have a trading strategy in place, learning about trading techniques will show you how to place actual intraday trading calls, how to use market stops and other orders and how to choose the best forex dealer.

What techniques you use in placing trades can make a difference in your trading results. This is particularly true for day trading, where slippage (difference between intended trade price and actual price) can easily make otherwise feasible system useless.

You can learn techniques from trading books, seminars, and mentoring. In fact, mentoring is probably the best way to learn how to effectively make trades. However, mentoring is also the most expensive of the trading solutions to learn techniques.

Forex Trading Solutions - Strategies

When purchasing a solution for forex trading, one of the first things you have to think about is the strategy that you want the system to use.

The major strategies in forex trading have to do with fundamental analysis and technical analysis.

With fundamental analysis, you make your own view as to where the markets are headed based on economic and other indicators. Or, you rely on fundamental analysis of a third party. Based on this view, you then make your trading calls.

As for technical analysis, you make your trading decisions on historical data (price, volatility etc.) of the forex currency pair. Technical analysis gives you signals whether you should be short or long of the currency pair or stay in the sidelines.

Fundamental analysis is much harder to teach of these two because it can place extraordinary weight on appearances and interpretation of situations. To assist in the analysis, many use a variety of econometric tools.

Some traders use a mix of the two, with fundamental analysis sometimes overruling the signals given by technical analysis.

You can purchase solutions for both of these approaches. There are many technical analysis solutions sold as PC software, books and taught in seminars and classes. As for fundamental analysis, possibilities are to look for good books on the subject or enroll in a mentoring program that teaches you to analyze the fundamental information.

Forex Trading Solutions

Forex trading solutions are sold in many forms, such as forex classes, books, and ready-made systems.

In fact, there are an increasing number of sellers willing to sell you a complete system, with the trading rules completely, partially on not at all revealed.

If the rules of the system are not revealed, the system is called a “black box” system, where you have to rely on the signals the system gives without knowing how they are generated.

Constructing a profitable system is not cheap and thus you’ll find many of the systems sold for $3,000+. However, despite the system being profitable in the past, nothing guarantees that any buyer will make any money with it in the future.

What is Forex Scalping

Forex scalping is a strategy in which you try to make money by cashing in on lots of positive movements in the currency pair.

More closely, scalping has to do with profiting from the short-term movements in the exchange rates.

It may even be that the trades only involve investments that last a few hours or even minutes.

To do this, most scalpers pay close attention to market indicators that indicate potential close term market movement.

These indicators are called technical indicators, and they are normally based on either mathematical models or chart patterns.

There are also short term pattern recognition software available, and these try to predict market movement based on neural networks, which analyze the past price movements and try to find similarities to the current situation.

Some scalpers make use of news or fundamental information. These are special events, where forex rates react to some event that has just happened.

Time is of essence to reacting and scalping profits on such a strategy, so your choice of broker and trading platform, as well as the news source would also be of essence.

Learn Currency Trading – Personal Training (Mentoring)

Use forex mentoring for the most comprehensive approach to Forex and currency trading. It’s best to use mentoring only after you’ve covered all the basics of foreign exchange markets and trading fundamentals.

Then, with a personal trainer with a successful track record in currency trading, you can deepen the acquired knowledge and get ready for big-time trading.

With the advice from an experienced trader you can shorten the learning curve and avoid commonly made mistakes in trading.

There are an increasing number of companies offering mentoring courses to learn currency trading. Here are a couple exemplary firms you might want to take a look at:

• Learn:Forex
• Concorde Forex Group

Learn Currency Trading – Courses

Many use forex courses to learn currency trading only after they have read the basics of currency trading in book form.

In addition, you might want to learn the basics of technical analysis before signing up for any of the courses, as technical analysis is used in most of the currency trading styles.

Classroom forex courses offer you firsthand experience on what trading is all about. To achieve this, many classroom courses have simulated trading platforms, where you have to think and behave as you would do in a live trading situation.

There are many companies offering trading courses. Here’s an exemplary sample of these firms:

• Market Traders Institute
• Learn:Forex
• Concorde Forex Group
• Trader House Network
• Euromoney Training Group
• FinEdge

Learn Currency Trading

You can learn currency trading from several sources, including courses, books, and personal instruction (mentoring) programs.

Once you know how the foreign exchange markets work, you can apply several trading strategies to the forex markets (that work on many other markets as well).

In fact, many hedge fund managers, for example, diversify their portfolios to forex products from commodities and stocks to spread market risk. And they use the same or similar trading styles for each market.

To learn currency trading, books are usually the cheapest way, with currency trading courses and personal mentoring being much, much more expensive.

Forex Trading Systems and Solutions

Once you’ve covered the basics of foreign exchange operations, you might also want to know the ways currency trading is done, through brokerages, forex trading systems, and with different currency trading systems.

The tools and services you’ll need for you own forex trading or operations will depend on your particular approach to forex.

In fact, many corporations do not want to take any risks with forex fluctuations and will hedge their positions. Others, traders and speculators, seek to profit from the fluctuation with their systems and views.

From this site, you’ll find information on resources that will help you understand better the complex world of investments for forex markets and currency trading.

Ways to Learn About Forex Markets

There are many ways you can learn about forex markets. If you’re a business student, many universities have classes in foreign exchange operations and macroeconomic mechanisms that affect currency fluctuations.

Outside of the formal education field, you can learn about forex and currency trading from traders, salespeople, and analysts. Moreover, you can learn foreign exchange operations from educators through specifically arranged seminars, courses, and mentoring.

And don’t leave out forex magazines and books for background information and latest news to keep you ahead of the curve.

Guide to the Best Forex Resources

Forex market is the biggest financial market in the world. Moreover, currency trading is one of the fastest growing forms of investing.

Here’s how to find information and resources to deepen your knowledge about the fast and exciting world of foreign exchange and how to use it for trading purposes.

Internet has changed the way people view forex markets. No longer are the best currency analyst reports unavailable to the public, live real-time data too expensive for common investors, or capital requirements too high.

In fact, many companies have introduced mini forex accounts, with starting capital requirements for selected accounts in some brokerages under $1000. These smaller accounts have made currency trading available to everyone, increasing the need to be educated on forex and currency trading.