1. Free forex resources
Let’s get this straight: forex trading is not simple. No matter what anyone says, you can’t jump straight
into the market without prior knowledge and expect to make profit.
Forex trading is a learning experience that develops over time. Losses at the start are normal, and you’re
batting average will definitely improve once you get the hang of it.
For beginners, you spend any money in order to acquire knowledge of forex trading. The internet has a
plethora of resources that can are available for anybody to read and interact with at their leisure.
Let’s take a quick look at some of them:
Online courses
Many websites offer online courses developed specifically for beginners. They will teach you things that
range from basic definitions to more advanced fundamental and technical analysis. The largest and most
comprehensive websites even have dedicated wikis and glossaries for quick reference.
Forums
Although technically not a learning resource, online forums are excellent sites to learn about the
market. Forex traders –both new and experienced- gather in these forums to share their strategies and
2. experiences with other people. They’re also a great place to learn about practical applications of forex
strategies.
E-books
Brokers will often provide forex trading e-books for free. These resources serve as a win-win situation
for both brokers and traders, since it will provide more prospective clients for brokers, as well as free
knowledge for traders. Take advantage of these e-books.
Demo accounts
While nothing beats the real thing, demo accounts provide traders a way to test out real market
conditions without having to commit actual money. Demo accounts aren’t only for beginners either,
since they provide a risk-free environment for experienced traders to test out their strategies.