Forex trading can be a great way to earn great money on a part time basis. It is arguably one of the most fun ways to earn a second income provided one starts small and partners with experts. This article examines the basics of FX or Forex and how you can get started in currency trading.

Forex trading is short for foreign exchange trading which as the name suggests is nothing but exchanging or selling one currency against the other in the hope of a profit. It is a completely decentralized market place meaning that transactions happen all over the world independent of each other basis that day’s `exchange rate’. Some currencies are traded more on account of their demand – something that has earned them the nickname – `major’s. These include the three dollars – American, Canadian and Australian and the yen, the sterling and the swiss franc. Combined, these currencies contribute to as much as 80-85% of the FX trade and are therefore considered more `liquid’ that others. Read more…

Just for a moment, I want you to cast your mind back to long, long ago when there were no expert advisors or trading robots. There really was such a time when traders actually used their brains to trade the Forex market.

Now this is what’s interesting…

The majority of successful traders still trade without the aid of any automated assistance. They look at charts, do their analysis and make their trades. In fact, Billions of Dollars are traded this way each day. Read more…

I’ve been trading Forex for a while now but I’ve been looking at ways at automating as much as possible, I’ve tried quite a few Forex Robots but found a lot of them to be garbage, I had read a lot of stuff about Forex Crescendo and decided to give it a go since there is a money back guarantee.

I was pretty dubious about Forex Crescendo, simply because the claims that the sales page made were pretty impressive, a little bit too good to be true I thought, so I wasn’t sure if it was a scam or not. I spent a good few hours with the software on the first day trying to figure out what did what and how it all worked. Read more…