The foreign exchange market or forex market as it is often called is the market in which currencies are traded. Currency Trading is the world’s largest market consisting of almost trillion in daily volume and as investors learn more and become more interested, the market continues to rapidly forextrading.about.com is to provide the all information about the forex trading
There are really good training materials on the web. You can learn to trade profitably with their method.
Here is one I personally found great:
Visit: http://recommendedstuff.info/forex
The best way of investing in the market is to do your own research, do not trust blindly on what they say on various business channels, most of them is bad advice and will land you into trouble, keep in mind no matter how wide your research is you will still make mistakes, but don't get disheartened, have patience.
There are some time-tested mantras of investment which have always proved right in the long term, these rules were also followed by World's most successful investor Warren Buffet, who is one of the richest person in the world.
Here are the basic rules of investing:
1. Always invest for long-term, the real money is made only when the money is given a chance to grow, do not involve in day trading or short term trading. Think of a stock as you have bought a part of a company and not just a piece of paper or a ticker on the screen. I vesting for long term also helps you save taxes on your earnings.
2. Buy when there is blood on streets. Always buy stocks when there is panic in the market and everybody is selling, it sounds stupid, but that is the only time when you get good stocks at a very cheap price.
3. always invest in companies with strong fundamentals, Read the annual reports of the company, analyse the financial statements of the company. read books on how to analyse financial statements of a company. do not invest till you are fully convinced about the company's health and profitability.
As far as broker is concerned, you cannot trade or invest in market without opening a demat account with a broker, do negotiate your brokerage with your broker before opening an account, beware that there are many fraud brokers in the market, so before trusting someone, it's better to ask your friends about the reliability of the broker.
Hope this answers your question.
To continue your education select some of the following:
Let's get a list of essential books to read for people of all knowledge levels. These don't have to be hardcore academic books or "how to make $$ trading 20 minutes a day" books. I'll start with these:
When Genius Failed - Roger Lowenstein
Den of Thieves - James B. Stewart
The Big Short - Michael Lewis
Barbarians at the Gate - Bryan Burrough & John Helyar
Beating the Street by Peter Lynch
From Riches to Rags, by I.C. Freeley
How to Make Money in Stocks” by William O’Neil
24 Essential Lessons for Investment Success by William O’Neil
The Intelligent Investor, by Benjamin Graham
Common Stocks, Uncommon Profits, by Philip A. Fisher
One Up on Wall Street by Peter Lynch
Stocks for the Long Run, by Jeremy Siegel
The Interpretation of Financial Statements by Benjamin Graham
What Works on Wall Street by James O'Shaunessey
You Can Be a Stock Market Genius by Joel Greenblatt
Your Money and Your Brain by Jason Zweig
Websites that can provide instructions and help with procedures and terminology are Investopedia - http://www.investopedia.com/ http://www.investorshub.com/ and Google Finance - https://www.google.com/finance or yahoo finance https://in.finance.yahoo.com/
Visit some of the more professional websites like Trifid Research - http://www.trifidresearch.com/ , http://currencytips.co.in/ , http://commoditytips.org.in/ and http://stocktips.org.in/ Some of these web sites will have advertisers who are worth looking into also. And remember, if they offer free information, get it.
Learn form basic terminologies and also do research on risk involved.Risk analysis can minimize the risk of loosing money.It will be good to start from virtual trading to get the knowledge" how it works".
You should try search in googel.com. It's better for you.
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Anyone tell me, how to i learn forex trading.?
