Can anybody recommend good resources or web sites where I can learn more about currency trading?

Mainly looking to get a good feel for the basics, my options for setting up currency trading accounts, etc.?

Answers

Dragonsbane answered a question in Currencies.
825 points

Dragonsbane answered one year ago …

Investopedia.com has quite a few articles on trading FX. You could also study basic technical analysis since most FX traders tend to use technical analysis.

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Grudun answered a question in Currencies.
951 points

Grudun answered one year ago …

A quick look came up with the following sites(some want to sell you advanced training/courses but they have a lot of basic info/resources):
babypips.com
forex.com
fxcm.com

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MNSL answered a question in Currencies.
3963 points

MNSL answered one year ago …

Pl read following link:

http://en.wikipedia.org/wiki/Foreign_exchange_market

I also like to add some more about currencies.

Pl Remember following currencies are most important currencies in the world.

USD: U.S. Dollar JPY: Japanese Yen
GBP: British Pound EUR: Euro
CHF: Swiss Franc AUD: Australian Dollar

In addition last 05 years New Zealand Dollar became very popular among investors.

One time US dollar was most favorite currency in the world. I can remember those who converted their local soft currency in 1978 in some countries have appreciated by 12 times or more up to now.

Similarly those who invested soft currency in British pound and Euro made 100% appreciation within short period.

Last five years investors made excellent return by investing in New Zealand Dollar.It was one of the best performing currency in the world due to carry forward activity carried out by Japanese investors. This trend might change once interest rate come down in New Zealand.

Some people made money by investing in Canadian dollar and currency in Brazil. Even Indian rupee appreciated against US Dollar. Those days Soft currency used to depreciate against US Dollar. Surprisingly last couple of years some soft currencies appreciated against US dollar including Indian Rupee.

Now there is some support for US Dollar. Again it is appreciating against some soft currencies and some hard currencies now.

Therefore we must get clear idea about currency movement in the currency market to get above average returns.Further change of currecny movement can make some companies extremely profitable.

You must learn following areas if you want to be expert in Currency.

Interest rate
Monetary decisions by the government
Activity of top investors
Currency Speculators
Oil and fed out look
World Economy and country economy
Political situation

Currencies to watch

Korean Won
Chinese Yuan
Swill Franc
Some Asian currencies

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trader answered a question in Currencies.
114 points

trader answered one year ago …

1. Head over to fxstreet.com
2. Click on 'education'.
3. Select 'basics'

There are banners and pop-ups advertising brokers all over the place. You won't miss them. You'll also find details on technical analysis and other stuff that can keep you busy reading and/or listening for the next six months. Have fun.

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