November 12, 2011

What kinds of Forex Scams should I be aware of?

If you're reading this article, odds are you discovered the forex market in one of two ways:
1) As a financial instrument for investment and speculation -- an alternative to trading in stock (company shares) and futures contracts; or,
2) as a get-rich-quick scheme that you discovered from an infomercial, or colorful sales web page, that promotes massive gains using small initial deposits.

Chances are, if your case is the former (case #1), you understand that forex is a market driven by professional speculators and banks, and that your ability to trade in it is a great opportunity for anyone who is willing to put in the effort to succeed. You might even have a background in economics or business (although this is actually not a prerequisite for becoming a consistently profitable trader.)

Unfortunately, the latter (case #2) is becoming more common in the recent decade. In that case, you're more likely to have learned a lot of misinformation from ruthless marketers. So it's time to spread a little truth about one of the world's largest financial markets.

Learn the basics of trading forex, with unbiased broker reviews and commentary on backtested strategies. Visit FX Helpline to learn forex for free.

March 20, 2011

The Real Way to Trade Price Action and Technical Analysis in Forex

It's a bold title... but it's way overdue in an online Forex trading community that's over-run by scammers and egos who can't tell the difference between a higher high on a 5-minute chart and a higher high from a narcotic.

February 21, 2011

Beginner FAQ: What is a Major Pair?

The term "major pair" in the forex market generally refers to the most heavily traded US Dollar currency pairs.

Beginner FAQ: What is a Currency Cross Pair?

Cross pairs do not involve the US Dollar. For example: GBP/JPY is a cross, GBP/USD and USD/JPY are not.