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New to Forex

Getting Started: Learn to Trade Forex in 7 Steps

Step 1 - Maximize Your Tools


FXCM provides multiple tools to help you become a better currency trader including free market news, and real time charts. The most valuable tool, however, is the FXCM Demo account, which allows you to test out strategies and learn from your mistakes without risking real money.  Learn More

Step 2 - Risk Management


Every successful trader should know how much risk he is willing to take, and what profits should result from the trade. This is the basis of every realistic trading strategy.  Learn More

Step 3 - Two Ways to Trade


There are two types of traders, technical and fundamental. Both have a radically different approach to making trading decisions. Click here to find out which camp you belong to.  Learn More

Step 4 - The Basics of Technical Analysis


All technical analysis starts with a few basic building blocks. With these as a foundation, you can start to make sound trading decisions.  Learn More

Step 5 - Applying Technical Analysis


FXCM provides tools for basic technical analysis. Click Here to test your knowledge of technical analysis.  Learn More

Step 6 - Fundamentals Everyone Should Know


All Traders should understand why economic releases, interest rates, and international trade are important to movements in the currency market.  Learn More

Step 7 - Psychology of Trading


The biggest enemy to most traders is not the market, but themselves. Learn four basic trading principals that will help you to avoid the four biggest mistakes that traders make.  Learn More

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