Knowledge is the most important weapon for attacking the forex market. With your free registration, Easy-Forex™ offers hands-on, real-time training with real money, so you get the real feel of the market from the beginning.

You can learn how to use the software platform by taking the Guided Tour. Just click on the icon on the Easy-Forex™ home page and follow a series of step-by-step lessons covering the basics of placing trades and managing your online account.

There is also a Knowledge Base of articles available on the Easy-Forex™ website, to give you background information on the forex market and to teach you the basic terminology of trading. These articles cover many different topics, ranging from discussions of the various factors that influence a nation’s currency; to the different tactics of fundamental and technical analysis that traders use to forecast the market; and various indicators and candlestick chart pattern interpretations that are popular among traders today. Simply use the navigation bars on the left side of the screen and browse the encyclopedia available to you.

After your free registration with Easy-Forex™, you are assigned an Account Service Manager. This person works closely with you while you learn the business, and is available to answer your questions while you make your first trades. Having an expert at your side from the first can remove some of the fear-factor of investing in such a large, liquid, and fast-moving market.

Of course, it’s best to begin with small trades. Easy-Forex™ limits the scope of the beginning trader’s transactions, for their own protection. As you gain experience in forex trading, you can telephone Easy-Forex™ and these limitations will be lifted.

Through seminars, one-on-one live training, a web-based chat room, and telephone support, Easy-Forex™ teaches specific trading strategies. It’s well known that the trader with a plan or a system has a greater chance of success than one without, and a maxim of experienced traders is to plan your trade, then trade your plan.

One of the most important factors for novice traders to learn is money management within forex trading. This is done through the proper application of stop-loss and take-profit settings.

A stop-loss is the point at which, should the market move against you, you have instructed the Easy-Forex™ trading platform to close a losing trade. A take-profit, or limit setting, on the other hand, is a pre-determined point at which, should the market move in your favour, you wish to exit a winning trade. Although some traders prefer not to use a take-profit, it tends to foster a disciplined approach to trading and is generally encouraged.

A stop-loss should be placed closer to the opening price of a trade than the take-profit, to limit the amount of losses and to maximize profits. In this way, even if you successfully predict the market’s movements only half the time, you will still earn a profit overall. This is why the proper setting of the stop-loss is so important to successful forex trading.

Should you still have questions regarding your trading activity, Easy-Forex™ experts are available via telephone, email, or even in person, at the regional offices in Melbourne and Sydney.