Learning Forex is Easy

Learning forex and trading in the spot forex market is much easier than learning to trade stocks. In fact, with the stock market in such shambles, there's no better time to learn forex trading than now.

It's best to start by learning the basic concepts and building from there. Even if you all ready know something about the foreign exchange market, it pays to go through some basic training again to refresh your memory, and to make sure you know what you think you know. Click here to start learning forex basics now.

Here are a few of the advantages of trading forex versus trading stocks:

1) Forex offers a more flexible trading schedule than the stock market. You can trade the forex market (almost) 24 hours a day. I say almost because most brokers are open for trading from 2PM EST on Sunday until 4PM EST on Friday. So, Saturday is the only day you can't trade. Since forex is a global exchange, it is open somewhere in the world at all times. Click here to see the trading hours of the various exchanges.

2) Most forex brokers offer commision free trading so that trading forex costs less than trading stocks. Brokers make their money on the difference between the ask price and the bid price when you trade. This is called the spread. Click here to learn more about forex spreads and how they work.

3) Unlike the stock market, forex market orders are executed instantly under normal conditions. In my experience, the only times this may not apply are times surrounding the release of major economic reports. The heavy trading volume and volatility that takes place at these times can cause order execution to be delayed. Click this link for more information about how economic reports move the forex market.

4) In the forex market, you can sell short without the need for an uptick in price. If you've tried to short stocks you'll know what a benefit this is.

The important thing about learning forex and getting started is that once you've mastered enough of the basics to make a trade, open up your practice account and strart trading. The practice account is where you want to test your knowledge. If you win, great! If you lose, it's not so great but it's not the end of the world either.

Make notes on what you did right and wrong on each trade. Keep your strategy as simple as possible. Fine tune your trading strategy until you're satisfied with your winning percentage. Only then should you open a live account and trade with your real hard-earned money.

While learning forex basics is a great way to start your trading, don't stop with just the basics. Keep learning as much as you can as you continue to trade. I've been trading forex on a daily basis now for over 3 years and I still learn something new every day. The more you know, the more control you'll have over your trading. And more control translates into more success.

The cost of the guide is only $34.99 USD, and to show my appreciation if you decide to buy it I'll send you the Currency Meter for free as well as a discount code that will save you $250.00 if you decide to purchase the 4XPilot Strength Meter to complete the package.