Gathered from his years of experience, Campbell brings to this portal his expert advice in currency trading, useful tips and tricks of the trade that will prove valuable to new and seasoned traders alike. Campbell’s strategic skills and currency trading and forex tips-how will is designed to help trades reduce risks and capitalize on opportunities. Updated quotes, trading charts and free currency conversion tools will help traders master the world of online currency trading.
Forex trading 101 or the introduction to forex trading enable us to know how forex works and how to make money with currency trading on forex. Our free Forex Currency Converter gives you accurate and instant foreign currency conversions. Stay on top of the Forex market with our foreign currency converter. Use our free Forex Pivot Point Calculator to better understand Forex market trends and predict trends before they happen. Use our free Forex Margin Calculator to help you make better decisions with the Forex market. Watch our step-by-step Flash tutorial of the ICTS trading platform. Yet, same as years ago, traders keep making mistakes, recovering and just to find that there are more challenges ahead.
Any attempt to trade without analysis and studying the market is equal to a game. Never invest money into a real Forex account until you practice on a Forex Demo account! Allow at least 2 months for demo trading. A good demo account to start practicing with could be, for example, FXGame from Oanda. Trade with the trend to maximize your chances to succeed. Trading against the trend won’t “kill” a trader, but will definitely require more attention, nerves and sharp skills to rich trading goals.
When a trend is up you don’t want to be selling. When a trend is down, you don’t want to be buying. Always take a look at the time frame larger than the one you’ve chosen to trade with. It gives the bigger picture of market price movements and thus helps to clearly define the trend.