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Basic Forex Guide
This guide will provide you with the basic knowledge, tools and techniques a novice Forex trader should have as you take your first steps in the fascinating world of Forex. Many of the trading concepts introduced here are explained in greater detail in later chapters of the guide. Use the following index to navigate your way around the guide. Intro: Why Forex? ............................................................................................. 3 Profitability........................................................................................................ 4 Cashing in on Price Movements ......................................................................... 5 The Trend is Your Friend .................................................................................... 7 Tactical usage of Leverage................................................................................ 10 A Simple Trade Example................................................................................... 12 Hedging Risks and Rewards.............................................................................. 14 The Quest for Volatility ................................................................................... 15 Money Management........................................................................................ 16
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