Forex Trading Course - Forex Trading Training - Knowledge is Vital

Foreign currency (FX) trading is currently the most exciting and liquid financial trading platform today. Many new excited currency traders are getting involved in the forex trade. If you are one of them, you need to ask yourself how prepared are you? Are you equipped with the knowledge to meet the challenge?

Knowledge in forex is important before you even put your first order. One of the best way is to go through a forex trading course or forex trading training.

A forex trading course can enhance your knowledge and gives you the confidence to do the real live trading. Just like everybody else, you will feel the excitement of putting your first order. To really learn the trade, you need to source for a good and reliable forex course or forex training service provider.

Many good forex trading courses or forex trading training provider are available online. A good forex course will provide you with all the basic guides, references, audio and videos that are very useful to the currency trader. The resource material can be downloaded from the course provider's site. Some may even ship to you the forex course material and CDs. You can learn and study them at your free time in the comfort of your home!

These courses or training are sufficiently helpful to give you a good start. The people behind them have many years of experience in the real trading environment. Many of the ideas and tips offered are generally not mentioned in normal text books. The forex tutorial or references coupled with the audio and videos provided make the learning process motivating, fun and interesting. The learning process appears quite realistic. You feel as though the master is just with you as you are guided through the currency trading tutorial.

You should also open an account with a reliable forex broker. You can then try out the demo account that is provided free for you to trade live but not with real money. Again, you can do this at home any time you want. However, you need to be persistent and patient in trying to learn and assimilate the vast amount of currency trading tutorial material. Go through them carefully. Test them out with the demo account before you proceed with the real account.

With this in mind, however, it is wise to select a proper forex trading course or training provider. Some are not so helpful and are difficult to contact. So choose a suitable course provider that maintains good and efficient backup service.

The main advantage of an online forex course or forex training is that you can learn and study it at your own free time and at any place convenient to you. The techniques, explanation and material provided in the forex trading course are more realistic and unconventional than those offered in text books. The supporting multimedia resources such as the actual trading charts provided appeared just as you would see them on the real screen.

Knowledge is vital. With a proper forex trading training, you should feel more confident and not apprehensive when you are doing your live trading. The knowledge that you have gained will give you the advantage of making better decisions and consistent profits in the foreign currency trading.

If you need to know more, you may check out on forex trading courses and training here. Be aware that to acquire knowledge, you need to make some small and reasonable investments to be able to ride through the volatile forex market. Visit this site to secure your advantage.

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The "Death of the Dollar?" - Japanese Candlesticks Say "Not Yet"

It is the very height of fashion now to decry the continued loss of value of the dollar when compared with most other currencies, especially the euro. Very big names have joined the bandwagon in predicting that the dollar has no future. The mass of popular opinion seems to have fallen in line behind prominent folk in the propagation of the thesis. Some of the leaders of the pack are prominent because they have succeeded in business; some because they are in positions of influence in government, and still others are movie stars who, no doubt, have been deeply schooled in economics in earlier lives and are therefore qualified as experts on the subject. The herd follows right along, because people who are expected to know the answers (some of them, at least) are doing the talking.

And yet, it bears recalling that when the majority becomes such an overwhelming majority that it approaches the status of a monopoly, chattering among themselves and reinforcing each other in circular fashion, the overwhelming majority is often wrong.

Let us assume that the euro is roughly the counterpart of the dollar. With that in mind, let's examine recent "monthly" and "weekly" price charts of the euro and see what we find.

On the "monthly," we see a persistent and nearly continuous rise in the value of the euro (as against the dollar) all during 2006 and 2007, continuing in January, February, and March of 2008. The rise abruptly stopped short in April, when a modified "Shooting Star" Japanese Candlestick pattern emerged. This pattern is bearish, and warns of a possible change in trend, to the downside. The price bar for May has no particular meaning, since the month is only five days old as this is being written..

On the "weekly," we see something akin to a "rounded top" in prices in late March and in April, with progressively taller upper Candlestick "shadows" toward the end, then a bearish weekly bar which engulfed the "real bodies" of the preceding three weeks, followed by another weekly black bar and lower prices at the end of April. The "rounded top" signifies a gradual exhaustion of the fuel which drove the rise. The tall "shadows" indicate increasing resistance to attempts to drive prices higher. The bulls were losing strength. And then, late in April, the dam seems to have broken - or at least "the fever broke" - and prices turned down.

It is impossible to know whether the decline will continue. However, it is important to note that the free-and-easy, almost effortless and irresistible rise of the euro over a course of more than two years hit a ceiling in late April. The game is no longer the same as it was.

At the very least, we now know that there is strong resistance to a rise in the euro above the $1.58 level. Further, the recent signals are bearish, and impute the real possibility of a decline in the euro (and a corresponding advance in the dollar) over the next weeks. The dollar isn't dead yet.

The author is an experienced investor; a retired attorney and corporate CEO; the creator of the "Candelaabra" technical analysis system for use in the financial markets; and has passed the NASD Series 65 Investment Advisor exam. He publishes his investment advisory newsletter to help you keep your money safe and to guide you to profit in the financial markets regardless of the direction of price trend. Find out more about making money in any economic climate. Free information and sample investment newsletter are ready and waiting for you, without any cost or obligation, right here at ====>http://www.candlewave.com Go ahead! Click on me!

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