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New to Forex

Getting Started: Learn to Trade Forex in 7 Steps
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Step 1 - Maximize Your Tools


Currencyland provides multiple tools to help you become a better currency trader including free market news, and real time charts. The most valuable tool, however, is the Currencyland Demo account, which allows you to test out strategies and learn from your mistakes without risking real money.  Learn More

Step 2 - Risk Management


Every successful trader should know how much risk he is willing to take, and what profits should result from the trade. This is the basis of every realistic trading strategy.  Learn More

Step 3 - Two Ways to Trade


There are two types of traders, technical and fundamental. Both have a radically different approach to making trading decisions. Click here to find out which camp you belong to.  Learn More

Step 4 - The Basics of Technical Analysis


All technical analysis starts with a few basic building blocks. With these as a foundation, you can start to make sound trading decisions.  Learn More
Charts

Step 5 - Applying Technical Analysis


Currencyland provides tools for basic technical analysis. Click Here to test your knowledge of technical analysis.  Learn More

Step 6 - Fundamentals Everyone Should Know


All Traders should understand why economic releases, interest rates, and international trade are important to movements in the currency market.  Learn More

Step 7 - Psychology of Trading


The biggest enemy to most traders is not the market, but themselves. Learn four basic trading principals that will help you to avoid the four biggest mistakes that traders make.  Learn More

Step 1
Maximize Your Tools
Step 2
Risk Management
Step 3
Two Ways to Trade
Step 4
The Basics of Technical Analysis

Charts
1. What is Market Trend?

2. Types of Trends

3. Trend Classifications

4. Information About Trendlines

5. Trend Analysis and Timing

6. Drawing Trendlines

7. Trendlines I

8. Trendlines II

9. Trendlines III

10. Channel Lines

11. Find Price Support Levels

12. Finding Price Resistance Levels

13. 50% Retracements

14. 33% and 66% Retracements
Step 5
Applying Technical Analysis
Step 6
Fundamentals Everyone Should Know
Step 7
Psychology of Trading
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