Learn Forex trading

When we are going to trade the forex market, we will analyze charts. Because of this it is important to know what a chart is. If you don't know what that is... well than i think forex trading is not for you. A forex chart consists of 2 axes: the horizontal axes(time) and the vertical axis(price). As time goes on, the price of a currency pair will change. With this change we can make a profit.

There are 3 kinds of charts. 

- line carts

- bar charts

- candlestick charts

EURUSD Candlestick Chart.

 Above we can see a candle stick cart. As you can see, there are white and black candles. the white ones mean that the price went up for that time interval. And the black ones mean the price went down for that time interval.

by analyzing this chart we can predict where the price is going next, and execute an order to buy or sell this position.  


There are many resources on the internet to learn forex. One of them is "baby pips". just Google it. This website has an online school, from preschool to graduate, an best of all, It's FREE!!!!, so go their and check it out

here is the link:
http://www.babypips.com/

so from now on i will post just my strategies, and no more learning. Please go to the website i provided above to learn what you have to know. I like to trade whit price action, so i will show you guy's what price action is in the next posts.