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Sunday, October 18, 2009

The Forex Advisor - A Guide For Beginners

By John Eather

When I was searching for a Forex advisor, I just got completely confused, I already don't know anything about the trading methods used on the FOREX.

I know little to nothing when it comes to Forex and trading online but I want to learn about making money using this system. I've heard a lot about it lately on tv and in my spam folder and even the mailman brought me a piece of information on how to automate trading with a robot.

First I had to find out what Forex stands for, it is the foreign exchange (money) market also abbreviated FX. Large banks and giant conglomerates facilitate the buying and selling (exchange 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.

In order for you (if you're like me) to obtain easy, simplified forex information is to just go to a few good sites, like I did, forex-guide.net, was really set up nicely for reading and there was loads of information for free. There is also a lot of web links that will want your fees upfront for them to give out their good knowledge on Forex.

I wanted to learn for free, so I went to the forex-trader.com/fx-resources.htm, site where I signed up for free and they provide informative pages and great resources through email. My friend advised me to try YouTube, oh my goodness, I was not 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. - 23199

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