Thursday, June 25, 2009

The Forex Advisor - A Guide For Beginners

By John Eather

Oh my goodness, I just started trying to figure out the FOREX system of trading and got so confused! I was looking for a Forex Advisor. There is a lot of info that a new person with little knowledge can certainly get overwhelmed with.

Obviously, I my goal is to find out how to make money on Forex, we hear about it on the news, see junk mail in our email inboxes, and I've even received information on Forex automatic trading robots in the mail.

To clarify the word Forex means, "the foreign exchange market for currency it is also called FX and this is where the big banks and various institutions make possible the buying and selling of foreign currencies.

The Foreign exchange is where trading and investing is facilitated and the big reason the foreign exchange market is necessary is because of the varied types of currency in the world; the Pound Sterling, Euro, the US Dollar etc., and big international companies need for trading in these various currencies.

I was looking for easy and informative sites and came accross forex-guide.net, this site is excellent with a ton of awesome information for free as well as many links to sites that require that you pay a fee for the ongoing information they will give you.

If you really want to pay nothing and learn a lot, then go to forex-trader.com/fx-resources.htm, they will send you free information pages and resources by email. Or do what I did and watch guys teach for free just go to YouTube, you won't be disappointed.

I got a little over overwhelmed at first but then I did the search in the YouTube site for Forex where menu appears with great options, pick the Forex Training and start watching videos. My common sense told me to watch the films that were highly rated and had over 20-30 minutes of footage. I got a lot out of the longer videos. Well, I hope you enjoy educating yourself and hope you start making money on the Forex.

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