FAQs

Definitely. But how rich? It depends on how much money you are able to risk trading. Also, of course, on your professionalism. To make your first steps, you'll need this Forex market guide.

  1. Open an account with a Forex broker and install the MetaTrader 4 platform.
  2. Study the basics of Forex trading with this ultimate guide.
  3. Determine the amount of money you can risk.
  4. Deposit and start trading, learning from your own experience and collecting historical data of your trades to study it later.

And don't forget to go back to the Forex market guide once in a while.

You can start with only $50 but Forex ultimate guide suggests that you start with at least $1000 to effectively reduce the risks of Forex trading.

According to Forex market guide, a trade is basically selling one currency in order to buy another and make a profit. Most Forex brokers provide CFDs (Contract-for-Difference) instead of selling the actual currencies to make trading easier and faster.

Forex trading tutorial is your quick and easy entry to the world of financial markets. You will learn what forex charts are all about, how to develop your own trading strategy with the use of technical indicators and base your forecast on fundamental market data.

Of course! And it's easier than you think. Just read Forex trading tutorial. You will find TONS of valuable information there! Written by professional traders, these articles will help you as a beginner and continue doing so while you grow into an experienced trader yourself!

Forex trading bears its own risks. We won't argue that. But if you are careful and diligent enough, Forex will soon reward you. Start with a few hundreds in your account and a couple of strategies (risk-management ones as well) in mind and explore the world of financial markets.

Everything is difficult. Forex is not an exception. If you want to earn decent money in the Forex market, you will have to learn how the world of finance works, how to organize your trading and how to read the chart best (if you prefer technical analysis) or understand the fundamental mechanics of the markets (if you are into fundamental analysis).

Why will this Forex tutorial be useful for you?

Here’s our guide for beginner traders that will put the main ideas of the Forex market in a nutshell. The forex trader tutorial has been devised by the professional traders of the LiteFinance Company whose extensive experience helped optimize its structure and contents. The tutorial offers all you may need for a quick start of your trading career.

If you are not acquainted with the terms and don't have the least idea of how this system works, this Forex tutorial is exactly what you need. From the very beginning, you will appreciate the accessibility of the provided information. After reading the first section of our Forex trading tutorial, you will understand the way the Forex trading system works and you will be able to communicate with your trading peers as an equal.

Traditionally, like any other Forex trader tutorial, this tutorial contains basic information on fundamental and technical analyses. The main mechanisms of price formation, the market impact of political and economic events, and other factors that affect stock prices are set forth in a simple and understandable way. Particular attention is paid to the popular methods of technical analysis. The author examines in detail the indicators and graphical patterns used by traders.

As you may have already noticed, a great deal of Internet blogs is devoted to trading psychology. It’s not for nothing! The Trading Psychology section of our Forex tutorial deals with the question of what the psychological pitfalls of trading are and why it’s so important to work on yourself.

The money management section of this Forex tutorial is worth a special mention. It reflects the authors’ personal experience since this subject is part and parcel of practical application and therefore cannot be examined separately. You will learn to control risks and place Stop Loss and Take Profit orders wisely, the way Forex market professionals do.

The last section of our Forex tutorial will help you build your own trading strategy. Starting with the basic idea and concluding with testing and adjustment, you will develop your first trading system together with the professional trader. This section is a logical conclusion of the whole tutorial as from now on you can start your safe journey in the world of Forex trading. Feel free to download our Forex tutorial right from LiteFinance’s official site.