Forex Trading Strategies Course

Forex Trading Strategies Introduction Course

Hello forex traders, welcome to this forex trading strategies introductory mini-course. This instructional mini-course is geared more towards beginning traders but experienced traders will also obtain a lot of useful information from it, or at the very least get a good review of some the basic building blocks of successful forex trading.

This free forex trading strategies course will cover a number of important topics that all serious forex traders need to know about. In six different installments we will cover the following topics:

1. What is a forex trading strategy and how it differs from a forex system

2. How to choose the correct trading strategy

3. 3 basic trading strategies to consider

4. Putting together a trading plan for your trading strategy

5. Money management and risk reward

6. Tracking your results, demo trading, and going live

Forex trading strategies come in many different varieties, as a result of this it is critical to your long term trading success that you be exposed to some simple yet effective trading strategies because there is a vast sea of overly-complicated trading strategies that are designed around lagging indicators or computer programs which are generally more trouble than they are worth.

This instructional course will give you exposure to some core insights regarding forex trading strategies and forex trading systems, the difference between the two, and how to find one that works best for you. We will also give you examples of a few trading strategies that have been proven to work and that you can begin using right away.

Our discussion of trading plans will give you some great tips on putting together a forex trading plan and what it needs to include. We will also hit upon money management and risk to reward strategies and why they are one of the most significant factors to long term forex trading success. This free forex trading course will conclude with a discussion of how and why you need to track your trading results and also the advantages and disadvantages of demo trading as well as how to tell if you are ready to trade real money.

Before getting started with the instructional course please read this brief note about the foreign exchange currency market:

There are many advantages to trading the foreign exchange currency market over other markets. Specifically, you can start with as little as $250 as a foreign exchange trader, whereas in stock or commodity markets you typically need at least $1,000 to open a trading account. Many foreign exchange currency brokers now have micro-lots which essentially allow you to trade a very small amount of money, as low as 1 cent per pip. This makes it reasonable to start with a smaller account because you can still effectively manage your risk while learning to trade with real money. There are certainly risks involved with foreign exchange market trading, this is an inherent part of trading any financial market, however through controlled usage of leverage and using simple forex trading strategies, one can dramatically improve their chances of success in foreign exchange currency trading.

Chapter 1: What is a forex trading strategy and how it differs from a forex system