Which are the best forex trading online resources you know for a beginner?

Sunday, November 3, 2013 , Posted by Ryanita at 6:59 PM

forex for noobs
 on Forex trading is not a get rich quick scheme and learning to trade ...
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Answer
The particular website linked at the bottom specializes in giving novice/beginner forex-traders helpful fundamental information regarding large and detailed introductions on foreign exchange, forex-trading tips, concepts, fraud warning info, trading safety info and also excellent, detailed information on the Major currencies of the world and the Central Banks that go with it.

There is also an article written especially for novice traders, where a more advanced trader is writing about his experiences in forex-trading during one day. All these articles are for novices and beginners, but the very first link at the top of the list below is especially written for novices. On the home-page of the website, it will show the latest news on economies and forextrading and may help you while you trade.

I find this site particularly helpful since im still a bit of a noob too! hope this helps!

A question about Forex from a noob?




Serghei


Hello! Here is the deal:

Imagine a situation:

I gave my broker 1000 USD. He has a margin of 5%.
To execute my operations I use MetaTrader. I decided to "sell GBP" and the operation was executed.
Why was it executed if I had only 1000 USD? I did not have any GBP to sell
What mathematical operation is made in this case?

Thank you!



Answer
Hey,

The margin in forex allows you to open bigger positions than your account's capital and also to sell something you don't have.
The trading program is using your capital as securities, and continuously calculates whether you can stay in the position or not. If you'll lose too much money in your position on the GBP, the trading program will close your position and will take your USD.




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