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[jeromebr2]

Hello all,



I am making my first steps in the forex market, and I heard currency swing trading is a good beginner’s strategy. I am trying to find more information about this strategy. I have been looking at forex trading education websites such as ForexFace.com, and beginning to slowly understand the basic concepts. I would be grateful for any more insights and recommendations.
Thanks

[FerruFx]

Originally Posted by jeromebr2

Hello all,



I am making my first steps in the forex market, and I heard currency swing trading is a good beginner’s strategy. I am trying to find more information about this strategy. I have been looking at forex trading education websites such as ForexFace.com, and beginning to slowly understand the basic concepts. I would be grateful for any more insights and recommendations.
Thanks

Welcome in the trading jungle!

A good place to learn is : http://www.babypips.com/

You will find all the basics.

FerruFx

[jeromebr2]

Thanks FerruFx!

I'll check it out. ForexFace.com has detailed articles, but I am looking for something that will also show the real basic of trading (Something like "trading for Idiots...").

Thanks

[FerruFx]

Originally Posted by jeromebr2

Thanks FerruFx!

I'll check it out. ForexFace.com has detailed articles, but I am looking for something that will also show the real basic of trading (Something like "trading for Idiots...").

Thanks

The more sources, the better is the learning course.

FerruFx

[pinalli]

Even scalping method is quite good for the beginners. Since the time that the position is exposed to the market is shorter, small profits are taken more frequently in Forex scalping methods. Therefore, it has less chance of facing the market events that may cause the price to go against the trade. Forex scalping method of trading is different from other traditional forex trading methods where the profits are allowed to run and losses are cut shorter.
When somebody is scalping the market he/she is not looking for the big move of the markets; instead he is looking for the small moves in his favour that will result in significant gain without any risk or insecurities involved in waiting for big move.
Forex scalping is nothing but playing with spreads. In the Forex scalping method a currency is bought at the Bid price and sold at the Ask price to gain the bid ask difference.
This procedure is profitable in the case even when the Bid and Ask prices don’t even move. Traders associated with me by Finexo even pay market price for any currency because they can make profit by doing that as well. The Forex scalping method normally involves establishing and liquidating a position quickly, usually within minutes.
People who are expert in forex scalping methods of trading are the markets makers or specialists who are into maintaining the liquidity and order flow of a product of a market. These forex market makers can have superior execution speed as an insider. They also have a greater knowledge of trading and actual market situation due to their information gathering capacity.

This method was suggested to me by my broker Finexo and i am gaining huge returns.

[dpb]

Swing Trading definitely fits my personality and I hope to improve my trading skills using this method. Scalping is not for me.

[fxrealm]

Forex market is not a scalping market. Hard to profit scalping in fx

[jeff15]

The fact which I consider most significantly in swing trading is that the position size will generally be less significant than when actual day trading suitable to the detail that you are seeking for a better move. The fact which I consider most significantly in swing trading is that the position size will generally be less significant than when actual day trading suitable to the detail that you are seeking for a better move. The stop loss orders you place must be placed wider than the day trading for this rationale. Obviously, your benefits are a bit far away, so endurance is must.

[gnutrade.satya]

On Tuesday, the U.S. dollar fell broadly as investors questioned whether the economy had improved enough to justify talk of higher U.S. interest rates by year end. The euro rose and sterling also rallied sharply though the U.S. Treasury said 10 of the country's biggest banks could repay $68 billion in taxpayer money received during the height of the credit crisis, boosting hopes the worst is over.


Joseph Trevisani, chief market strategist at FX Solutions in New Jersey said: "Investors who bought the dollar recently betting on higher borrowing costs were at "risk. Interest rates are not going to go up in this country anytime soon."

The euro rose to $1.4102 while the sterling added 1.7 percent to $1.6323. The dollar fell 1 percent to 97.44 yen