Forex Trading for Beginners

Forex Trading for Beginners

Now Fully Revised 2006 Edition with Brilliant New Software - If you're like me, you're sick and tired of watching your savings, pension and endowments being eaten away as stock markets fall. In fact the only people who seem to be making any money these days are the financial institutions themselves. And much of that is from the fees and commission you pay. Discover how to trade in the World Currency Markets, even when markets are going down. It's completely free of UK tax. There is no stamp duty or capital gains tax to pay. There is equal trading facility in the Forex, even when currencies are going down. What’s more it’s straightforward and inexpensive and can be traded 24 hours a day. The potential to increase your income is outstanding, by spending a short time each day on your PC. However, Forex trading also involves a substantial risk of loss. I became involved in financial spread betting a number of years ago and have been banking regular amounts ever since. Obviously I started when stock markets were more buoyant. But the beauty of spread betting is that you are not dependent on the markets doing well. Because you're betting on the position of the share and not buying or selling the share itself, you can bet on the price going down as well as up. So if the share behaves as you predict, you gain. If it doesn't you lose. The trick is to analyse trends and patterns, and if these remain consistent with your predictions then you may be on to a winner. It's so easy to get started, even a financial beginner can learn to trade. Taking up spread betting is easy. All you need is an Internet-connected PC, a short time each day plus a willingness to learn. It's like a new hobby. And like any hobby, the more you put into it, the more you could get out, as long as you keep your risk of loss in mind. Contrary to what you might think, spread betting is not rocket science. You don't need to know the 'ins and outs' of the stock market (although a basic interest in shares is of course an advantage). Nor do you have to spend hours scouring the financial pages. You don't even need to be familiar with the companies involved (which is pretty nearly impossible considering there are over 40,000 shares to chose from in the US alone). Put simply, if you’ve got the sort of mind that enjoys analysing patterns, studying trends and making them work in your favour, then in my opinion, you’ve got just as much chance as the so-called ‘experts’ out there! The articles presented on this website are solely for informational purposes. No offer or solicitation to buy or sell currencies, or any type of investment or trading advice or strategy, is made, given or in any manner endorsed by LearnTrading or its affiliates. You are fully responsible for any investment or trading decisions you make, and such decisions should be based solely on your evaluation of your financial circumstances, investment or trading objectives, risk tolerance and liquidity needs. No warranties are given by LearnTrading and no warranties are implied regarding the content of the article(s) which can be accessed through this website. LearnTrading shall not be liable in any way for losses or liability of any kind to any person resulting directly or indirectly through the use in any way by such person of the information referred to and/or use of the suggested reading material or the website(s), however such loss or liability occurs, and whether financial or otherwise. The pages and the opinions or information contained in the suggested reading material or these website(s) are the creation of outside parties and do not necessarily reflect the opinions or representations of LearnTrading.

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