I was visiting the ZuluTrade website the other day and and I came across these “trading guides” videos they posted. I thought I’d share this with you folks as I think these brief videos are quite useful, especially for beginner traders. The first episode in this series is entitled “What is Forex” and it goes into the very basics of Forex – like I said perfect for those of you who have either never heard about the Forex market or are have heard about it and are thinking of learning more.
About this episode:
An introduction to the basics of Forex Trading. In order to start understanding how Forex trading works, this video will explain to you the most important terms that you have to familiarize yourselves with and will use on a daily basis when trading Forex. What is a Short position and how is it opposed to a Long one? Which Currency Pairs exist and why do their Rates fluctuate in a volatile way? Terms that seem meaningless to a novice, such as Lots, Pips and Leverage are explained in detail before they become indispensable to your everyday vocabulary.
Video is below. Enjoy!
[youtube 14FbmDpoTdE nolink]