If you want to learn how to trade Forex, you can and you don’t have to spend a dime as all the material you need is available online for free. Let’s take a look at what you need to learn and how to find the best free Forex trading guides.
The best way to trade Forex is to forget about trying to learn and trade the news and just follow Forex price action through Forex charts. If you follow Forex charts, all you need to do is learn and spot repetitive price patterns and then trade them for profit.
You don’t care how or why Forex prices move, you just want to profit from trends. If you look at any Forex chart, you’ll see big trends that last for weeks, months, or years, and simply by looking at them and sticking with them, you can make huge Forex profits.
You can find many free Forex charting packages online and they will not only give you charts but also give you basic information on ALL the indicators they use and all the different chart patterns.
When you get to putting together your Forex trading strategy, all you need to do is use support and resistance and a few momentum indicators to confirm your trades and two or three will do just fine.
Don’t make the mistake of overcomplicating your system because if you do you will have to break a lot of elements, keep it very simple. The essential indicators to learn are Bollinger Bands, Moving Averages, Stochastic and RSI and you can learn them all in one day, your visual indicators so look them up.
You can also find free PDFs and guides on the basics you need to earn and you can find some good ones just by looking at Forex broker sites, who usually offer them as a sample of their services.
Can you learn to trade Forex for free?
The answer of course is yes and there are many free forex charting guides online.
You can also get paid material such as Forex courses and a wide range of books and they can help you but if you want to learn Forex trading for free you can and in a couple of weeks or less you can gain the confidence you need . , to switch to a great second income in 30 minutes a day or less.