Currency Trading

Hi, and a very warm welcome to my currency trading site which I hope will teach you everything you need to know about how to start forex currency trading online, and to become a successful currency trader. As you may know I am a full time currency trader myself, and I know from personal experience how difficult it can be, to find informative and helpful sites online when you are starting out - hopefully this one will help! I do have several others on various aspects of online trading, all free, so if you would like to have a look at these please click on the trading investing above ( or here ), and it will take you there. Again all the information and advice is provided free.

If you would like to follow some of my trades, I do post regularly on Twitter which is often called a "micro blogging" service. For those of you who are not familiar with it, it is simply a quick way to stay in touch with friends, family and news. You only link to people who are of interest to you, and the longest message is limited to 140 characters, so messages are short and sweet! It is ideal for me as I can update very quickly from my screen with details of possible trades, opportunities, news and also details of when my other sites have had new posts added, so you are always in touch. If you would like to follow me, and you already have a Twitter account, please just click on the "follow me on twitter" link above, or alternatively open an account with Twitter and then follow me. In addition I am also on Facebook, and MySpace, and would be delighted to hear from you there. I will shortly be opening a trading room on FriendFeed which will be available for you to meet other traders and investors and to discuss trading ideas, problems and strategies, along with access to my own trading suggestions. So there is a great deal going on at the moment, and please don't forget, you can always ask me a question at the new 'Ask Anna' site, or simply review trading questions asked by others so I hope you enjoy this new site.

I am in the process of updating all my sites which will include daily posts and videos by me, about future market directions, suggested trades, and opportunities for future trades. In addition when a site has been updated with a new post or video then these details will also appear immediately, which I hope you will find useful, and I look forward to welcoming you via one of the above.

As always, I have tried to explain about trading in currency clearly and simply, but if you do have any forex trading questions then please just click the Ask Anna button above and ask! I love to hear from people from around the world, and if I can help you a little I would be delighted.  Again, this is free as I feel there are enough people out there trying to make money from novice traders, particularly in the currency markets !

Forex Currency Trading : The Bad News!

Let's start with a shocking fact : 85% - 90% of retail currency traders lose money, and you will probably be one of them. Why? Firstly, because it is so easy to start forex currency trading online. Open an online account with a currency trading broker ( there are hundreds to choose from with more everyday) and you can be selling pounds and buying dollars with the rest of us. Secondly, currency trading offers the dream of giving up the day job, and trading for a living. Thirdly, the market is full of scams and is generally unregulated. Fourth you need to be disciplined to succeed with a rigid trading plan. Finally you need to have sufficient funds - this is the single most common reason most currency traders fail.   There is also a further reason, which encapsulates much of the above, and this is simply that very few currency traders ever have well thought out or developed currency trading strategies, generally preferring to trade on gut instinct and emotion, constantly chasing the market, and never taking the time to step back, think, practice and learn, whilst trading in small contract sizes using a well developed strategy. Trade without a strategy and you will become another statistic I'm afraid.

Currency Trading : The Good News!

It is possible to make money trading in the currency trading markets, and eventually give up the day job - I have done it so I know, and therefore speak as someone who has learnt the hard way and succeeded. The actual mechanics of how to trade currencies are very simple, and covered on many other sites. The purpose here is to highlight the pitfalls ( there are plenty of them!!), and provide a solid grounding in all the aspects of currency trading trading that you will need to understand in order to succeed. Whilst I primarily trade as a technical trader using currency trading charts, I am also keenly aware of the fundamentals of each country and how it affects the home currency, along with the broader world economic picture. This is critical to your success, and in order to help you I have given each currency pair a page on its own, with all the information you need on each, which I hope is useful in helping you to learn  currency trading.

OK - so you want to start trading forex for a living - let's start by looking at the some of the basics of online currency trading as you begin to learn currency trading.

Online Currency Trading - Next Page