User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday August 9, 2022 - 14:12:01 GMT -

Share This Story:
| | Email

4 Currency Trading Tips For Beginners

If you have just recently gotten into currency trading, you likely have a lot of questions. It’s a complicated world and it is easy to get confused, especially for a beginner or someone just starting out. If you don’t have a close friend or mentor helping you and guiding you, you can actually get yourself into some serious trouble. In order to avoid this, here are 4 currency trading tips for beginners. 

Start Small

Starting small is key when it comes to any kind of currency trading, because if you don’t know what you’re doing you can easily end up losing a lot of money and that wouldn’t be smart. 

Don’t Put All Your Eggs In One Basket

Never put all of your money in one place when you are currency trading unless you have a strategic plan and you know what you’re doing. As a beginner, this is almost never the case, so you should spread your money out across multiple different types of currencies while you learn how everything works. Later on, you can put more stock in one type of currency if you so choose. 

Take Money Out As Needed

One of the good things about currency trading is that in most cases, you can take your money out whenever needed. Make sure you sign up through a site that allows you to do this. That way, whenever you need to buy something specific, such as an industrial centrifugal pump for your business, you will be able to pull the amount out that you need without losing anything. 

Having the option to withdraw or trade money from any of your currency accounts at any given time is an absolute must in order to protect your assets. It also makes it easier to back out if a certain type of currency’s value decreases suddenly. 

Follow Trends

Currency trading is not for the faint of heart. The trends are always changing and if you don’t have enough time on your hands to constantly be reading and researching these trends, you likely won’t find great success in trading. Make sure to have some time set aside in your schedule each day to check in on how each type of currency is trending - especially the ones you have already invested in. 

If you are confused by what you are reading and you aren’t sure that you are following the trends properly, ask a friend or trusted colleague who has more experience than you do to help explain it. 

Currency trading can actually be a fun and rewarding hobby, and you can even make a passive income from it once you get good at it. Of course, it will take time to get to this point but hopefully these tips will help you in the beginning of your journey!




Forex Trading News

Forex Research

Daily Forex Market News
Forex news reports can be found on the forex research headlines page below. Here you will find real-time forex market news reports provided by respected contributors of currency trading information. Daily forex market news, weekly forex research and monthly forex news features can be found here.

Forex News
Real-time forex market news reports and features providing other currency trading information can be accessed by clicking on any of the headlines below. At the top of the forex blog page you will find the latest forex trading information. Scroll down the page if you are looking for less recent currency trading information. Scroll to the bottom of fx blog headlines and click on the link for past reports on forex. Currency world news reports from previous years can be found on the left sidebar under "FX Archives."

Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan

Global-View Affiliate Program

We are starting an affiliate program to market some of our products.

Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.

Put the word "affiliate" in the email subject line.

Contact us

Start trading with forex broker Markets Cube


Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map

Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
The Amazing Trader
Forex Opportunities
Forex Affiliates
Forex CopyTrading
GVI Forex