Currency trading 101 is probably what I should of called my Free Forex Training Course. I’ll share some of the little currency trading day to day routine tasks that all traders should be doing.

You should always be catching the news and getting all the financial information presented. If there is one rule of currency trading 101, it is get up to date on the news because you need to know the news because it will effect the direction of currencies. The Federal Reserve is the big one. If the Fed is planning on changing interest rates, you need to know this. You can’t afford to miss this because currencies will move completely on the decision.

The next thing you’re going to do for currency trading 101 is only trade during the high volume times. It seems counter intuitive because following the crowd, usually leads you to a dead end job. The reason you trade at high volume is that large banks can’t manipulate a currency by big trades. There is so many people trading at this time that no one trader can affect it.

Lastly, take the time to recognize that currency only moves up or down. You may of thought it was more complicated than that, but up and down is the only thing to concern yourself with. You don’t need to know any other things. All you need to do is figure out if the currency is going up and down, and more importantly, when it’s going to change direction. These are the only tasks you should ever concern yourself with learning.

This is all for currency trading 101. It’s short and sweet. Remember to apply the strategies. Practice makes perfect. If you’re interested in taking my free trading course click here!