Forex trading tutorial pdf file available from here.Forex Trading TipsWhen you first start out in the world of trading for the first time, you will find that there are many things to learn before you even think to learn how to trade for real. Once you’ve learned how to trade the basics, however, you will find that there is a lot to learn about trading and a lot of jargon to get over. Once you learn a little more about currency trading, you will find that there is a lot to learn about forex trading as well. Once you are able to sit in front of your trading terminal and type out your orders, however, you will find that there is actually very little you can not learn. As long as you keep these tips from becoming habit, you too will be well on your way to becoming a successful trader.About the author:Jay Molina is the founder and managing director of Molina Trading Corporation. His primary focus is on the currency markets, with particular emphasis placed on the currencies of the United States and Australia.
Prior to his acquisition of the Aussies currency, the currency markets in Australia had already seen a number of interesting price fluctuations. When Molina Traded Australia’s currency, he saw an opportunity to acquire a rich vein of cultural asset which has seen better days.One of the most interesting developments in the currency markets this past year has been the valued quality of foreign exchange contracts. The foreign exchange market has always been a cash only market. Not surprisingly, this has attracted a great deal of fraud. A review search of most of the leading foreign exchange software companies will inevitably turn up low level vendors who don’t give a damn about their customers funds. They are mostly middle men who offer low leverage for their contracts.
The low level of capitalization of these vendors has resulted in them not caring much about the capitalization of the transaction as well. Their main focus has always been increasing their capital. A look at their balance sheets will inevitably turn up some illiquid asset which they sold to someone else or lent to someone else. This is known as “currency hedging”. Now, it is fairly obvious that currency hedging will increase the value of the transaction. But, will this increase in value make the transaction worth more ?
or will it decrease the value of the transaction? It is fairly common for a transaction to be worth more because of currency hedging. But, will the transaction cost of the vendor have any effect on the profit or loss? It is always preferable to pay a little bit more before you sign a contract. 2. Look for Good, Good VendorsThis past year, I had the pleasure of interviewing some of the best foreign exchange experts in the industry.
These experts pointed me in the direction of some incredible opportunities. Among the best was a man by the name of George Soros. He is generally recognized as the “Great Engagement” of the foreign exchange market. George Soros invested close to $12 Billion USD in foreign exchange markets this past Year. I believe that this is an amazing example of “Where Are They Now?” I’ve often wondered where all of this money came from.