Elite Forex Trading is a website geared to teaching beginners how to learn Forex trading and become profitable from day 1.
Put simply we create hundreds of long term profitable traders through our free training and for the more experienced traders out there a real time paid video “over the shoulder” tutorials.
If you are brand new to fx trading this WILL be the most important article you read this year.
If you want to generate 7-10% a year this is NOT for you.
Go and have fun in the stock market or get into real estate and deal with tenants for the rest of your life.
But if you want to learn how I’ve personally made 5% a MONTH for the past 3 years then please continue reading.
If you want to learn how to trade forex profitability but don’t know where to start you’ve come to the right place.
In this post we will be talking about everything you need to started. It will range from starting capital to psychology, mindset, systems, tools, strategies and more. After reading this and our ebook (on the right) you will have a clear understanding of how to trade profitable. All 100% for free! So let’s dive in!
The Forex Trading Basics – What Is Forex Trading?
This post is all about currency trading for beginners. Some of you may already know some of this information, but as we progress through the guide you might find new pointers and techniques you had no idea about!
So let’s get started!
The currency market or Foreign exchange market is one of the most rapidly changing investing markets in the world, with over 5 trillon USD traded everyday!
FX can be highly profitable to individuals and companies that can predict even minimal changes in currency pairs. Banks, governments and even entire countries participate in Forex investing, but you are probably hear as an individual trader looking to earn financial freedom through the markets.
Let me tell you something right now, it is possible.
But the issue is most new traders rush into the markets without having the correct knowledge. They fall into this trap and end up losing a lot of money.
In fact stats show that 95% of traders LOSE money in the markets whilst only 5% actually make money.
It is also the most volatile market in the world but does go through periods of consolidation where for weeks at a time to the average individual no price changes will be happening, although on shorter chart periods there will still be movement and volatility these price movements are what professional fx traders profit from.
About the writer: Tom_B
I write articles related to Forex trading.