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Friday, October 30, 2009

Forex Advisor A Little Help For A Beginner

By John Eather

If you are like me, then you understand almost nothing about the FOREX trading system. I went online to find a Forex advisor and found so much information; I was more confused than starting.

I just wanted to find out what everyone is talking about, making big bucks using Forex trading. I hear about Forex everywhere these days, news, spam in my inbox, and curiously, I found a Forex bot, auto-trader flyer in my mail box.

First I had to find out what Forex stands for, it is the foreign exchange (money) market also abbreviated FX. Large banks and giant conglomerates facilitate the buying and selling (exchange of) foreign currencies.

Foreign Excange market provides trade and investment which we need because we have a plethora of different currencies, such as the USD, Euro, Pound Sterling, Canadian Dollar, and all the giant corporations and banks that have the need to trade, or buy and sell these various currencies.

In order for you (if you're like me) to obtain easy, simplified forex information is to just go to a few good sites, like I did, forex-guide.net, was really set up nicely for reading and there was loads of information for free. There is also a lot of web links that will want your fees upfront for them to give out their good knowledge on Forex.

I wanted to learn for free, so I went to the forex-trader.com/fx-resources.htm, site where I signed up for free and they provide informative pages and great resources through email. My friend advised me to try YouTube, oh my goodness, I was not disappointed.

I got a little over overwhelmed at first but then I did the search in the YouTube site for Forex where menu appears with great options, pick the Forex Training and start watching videos. My common sense told me to watch the films that were highly rated and had over 20-30 minutes of footage. I got a lot out of the longer videos. Well, I hope you enjoy educating yourself and hope you start making money on the Forex. - 23217

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