Over the years, countless Forex trading strategies have been invented. They range from basic strategies for beginners to advanced and more complex ones, mostly used by a minority of traders. Some of them are based on the thorough understanding of trading rules and market, while some rely on charts, numbers and pre-defined patterns. It’s up to you whether you’ll buy Forex strategy solution or look for a free trading set of rules.

Whichever strategy you opt for, here’s a couple of things to have in mind:

I mentioned it many times that trade value for Forex is way more than the total trade value of stocks. Banks and financial institution make most of their money by trading Forex. Most common men trade in stocks, but a very few trade Forex. I thought of presenting you with some tips to trade Forex for the new year.

Trading in Forex takes knowledge and research, and it requires that you take the time to understand the currencies and how they change in value. What is it that causes them to rise and fall? When is the best time to make a trade? It can be a bit more difficult to enter this field as a new trader, but it is possible as long as you are willing to learn.

Have you ever known that Daily Forex trade volume is more than 10 times than stock trading? Big banks and financial institution participate in Forex trading with huge money. Average daily stock trading volume is $20B -$30B, whereas daily Forex trade volume is more than $5 Trillion! Also, there are only limited currencies available for trading, unlike thousands of stocks.

Wouldn’t you like to be a part of that? Learning how to trade Forex is essential if you want to access an amazing investment opportunity. The Forex market sees trading volumes as high as $5 trillion per day. Here are some steps to learn trading Forex.

Remember trading Forex is as easy as placing stock orders online.

Forex traders have a lot riding on the trades that they place on a regular basis.  Without the comfort of working with a solid forex broker, and being able to rely on the forex platform that one trades on, a forex trader might not be able to sleep at night.  There are numerous elements that are associated with a forex trading platform, and if the forex trader does not do sufficient homework they will potentially have issues down the road.

There are numerous brokers presently on the street and it is not always easy to differentiate from one broker to the next. Some of the top brokers on the street are; Plus500, eToro, FxPro and iFOREX.  Again, it is the responsibility of a forex trader to do their research to determine the difference between one broker and their platform from the other.