With this free forex trading eBook, you will learn the basics about the global Forex market, currency pairs and how currency trading works.
With approximately $4 trillion USD traded in the market every day, the forex market has the highest liquidity in the world. Basically, this means that one can buy almost any currency he wishes in high volumes while the market is open.
With this free forex trading eBook, you will learn the basics about the global Forex market, currency pairs and how currency trading works. Here you’ll also find descriptions of some of the common online forex trading concepts such as order types, rollovers and hedging.
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In the financial markets, there is an expression: ‘The trend is your friend’; and while this phrase might make logical sense, in practice it is as opaque as it can get. But what is a trend and how do we define it as well as trade with it?
What is a pip?
Price moves in Forex trading are counted in pips or pipettes, but what does this mean? Pips and pipettes are the smallest units of change in an exchange rate. A pip is equivalent to a change of 1 in the 4th decimal place, and a pipette is 1/10th of a pip.
How to read a forex chart?
Learn about the different types of price charts – line, bar and candlesticks – to better understand the information represented in this form. Assess market conditions such as buying/selling pressure, highs and lows of the price during the given time frame directly by analysing the graphs. Get to know important graphical analysis patterns and their meaning to become a better trader.
How to Trade Online?
Learn how to trade forex online. Friedberg Direct has all the basics covered as well as a step-by-step trading guide for beginner traders.
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Money Management
Knowing how to manage your money especially on the forex markets is, possibly, the very first discipline to learn before entering the markets. In this forex trading eBook you will find valuable information on the basic terms and illustration of how to best manage your capital.
