Forex Trading – Easy as 123 – Forex Learning for Beginners
Making foreign exchange trading an easy thing to learn is a challenge to most educators. There are a lot of technicalities involved in a forex trade, not to mention the gut-feel a forex trader should have in making a successful forex trade. The School of Pipsology has made things as easy as can be by segmenting the learning into levels that are more manageable to the beginner. Just like when you were learning how to count, you can learn forex trading in a snap. You go from Pre-school level learning the basics, and move on to other concepts in the grade school, high school, and college levels. More advanced studies are likewise available to those who want to take their forex trading education to higher levels.
First things first. If you want to succeed in forex trading, you should not bypass the basics. Take the time to learn the basics of forex options trading and currency trading just like when you were learning your 123s.
The first step to learning how to trade forex is to know about the types of trading and the types of charts used in analyzing forex figures. This is covered in the Kindergarten level. The 1st Grade level covers candlestick patterns used in analyzing how the market is trading.
Next, 2nd Grade, comes learning about support and resistance levels for market tolerance as indicated by trend lines.
The 3rd level covers how the Fibonacci retracement and extension levels can be applied to your charts and help you place your buying or selling orders. Pricing movements and charting are covered in the 4th Grade level.
And finally, on your last level in the elementary stage, you learn about the common chart indicators like the Bollinger Bands, the MACD, and the Relative Strength Index among others.
Once you have gotten these learnings down pat, you can move on to the high school stage and learn about more complex forex concepts. The succeeding forex education curriculum is available at the School of Pipsology. These levels will be easy enough for you to understand once you have a strong basic foundation.