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In currency trading education, you should be learning a small amount of trading history, as well as the basic functions of currency trading. This includes knowing the trading instruments, currency pairs and pips. Your currency trading education should include how to use leverage at both high and low ratios to minimize risk and maximize profits. Currency trading education should also inform you of the costs and risks associated with the forex market, especially in regards to money management and overhead. Economic indicators and market indicators, as well as how these impact trade and currency values, should be a strong focus in your currency trading education.
Currency trading education should also focus on how to read technical and fundamental analysis, which will include how these are generated and interpreted. Furthermore, currency trading education cannot ignore how to trade using forex trading platforms, how to perform research and what resources are available. Currency trading education should help you develop a strategy for entering, trading and exiting the forex market.
Currency trading education should really show you what the forex market is, how it works, how to interpret charts and what resources you need to trade in the forex market.
|Jennifer Mathes, Ph.D.|