A Journey to Master Forex Trading (FX Trader from Singapore)

Thursday, December 4, 2008

Forex Basics topics

Forex Basics Topics
  • What is traded on the Foreign Exchange market?
  • What is a Spot Market?
  • Which Currencies Are Traded?
  • When Can Currencies Be Traded?
  • The Forex market (OTC)
  • Why Trade Foreign Currencies?
  • What Tools Do I Need to Start Trading Forex?
  • What Does It Cost to Trade Forex?
  • How to Read an FX Quote
  • Bid/Ask Spread
  • I don't have enough money to buy 10,000 euros. Can I still trade?
  • Rollover
  • Demo Trading
  • What the heck is a Pip?
  • What the heck is a Lot?
  • How the heck do I calculate profit and loss?
  • What the heck is Leverage?
  • What the heck is a Margin Call?
  • Order Types
  • Basic Order Types
  • Market order
  • Limit order
  • Stop-loss order
  • GTC (Good ‘til canceled)
  • GFD (Good for the day)
  • OCO (Order cancels other)
  • Choosing a Forex Broker
  • Is the Forex broker regulated?
  • Customer Service
  • Online Trading Platform
  • Don’t forget your high speed Internet connection
  • Bells and Whistles
  • Mini/Micro Accounts
  • Broker Policies
  • Opening a Trading Account
  • Selecting an account type
  • Registration
  • Activating your account
  • Forex versus Stocks

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