Free

In this lesson, we will outline a few common and widely used approaches used for trading and thus a base for a trading Strategy. The goal of this lesson is to find out what your preferred style might be as early on as possible.

The forex market is open 24 hours a day, 5 days a week. This means that there are plenty of opportunities for any trader, with any style, day and night! However, you must find the right time to trade, this is crucial for success.

First, there are no fixed lot sizes, in contrast to the Futures market, which does use fixed lot sizes. Thus, traders can participate in the Forex trading market with a starting budget as low as $10. This is not always an optimal starting point, however, we will get more into that as we progress through the course.

Forex is short for “Foreign Exchange Market”, where a variety of currencies can be bought or sold with the intention of turning these trades into personal financial profit.