Home - FX School - FX Novice

FX Novice

Analyzing Your Bad Forex Trades

Forex Trading Analysis by My Own Forex Guru

Last week, the week of July 25th, 2016, I got my teeth kicked in on my trades. Out of 18 trades, only 3 was profitable, that is a terrible result. Because of that result, I decided I needed to find out why my Forex trading results were so bad, especially since I'm usually very successful in my trades and the week ...

Read More »

Study your candles

Forex Candles

STUDY THE PAST I get the question a lot on how do I know the market is changing or that there will be a correction? The answer is in the candles, I sit and look at charts and I pay extra attention to the candle right before the direction changed (see image below). I try to memorize those candles and ...

Read More »

FX School – Lesson #2 How To Setup Your Trading Environment

Hurry Up I want To Get Started!! So, now you have the basic understanding for Forex and you have taken your first loss (see lesson 1 by clicking here). So what do you need in order to trade on Forex? First you need to find a good broker, there are a very large amount of broker's out on the market and depending on where you live you may be limited to a lot less. For instance, anyone living in USA is limited to a lot less brokers because the demands that US government has put in place after 2008 crash has made it to costly for foreign brokers to operate within the rules and laws of US......

Read More »

FX School – What is Forex

How to Trade on Forex

FX School @ http://www.myownforex.guru Lesson 1: So you have heard about Forex (foreign exchange, also known as FX) and it has peaked your interest but you are still not sure what it is. You have come to the right place, here at myownforex.guru we will dive into what Forex is and take you on a educational journey that will teach you about Forex and what it is; in addition, our training will also have you open up a demo account to actually apply what you are learning here at myownforex.guru.

Read More »

Getting Started with Forex

How to Trade on Forex

So you have heard about Forex and it has peaked your interest! Now, if you could only figure out what it takes to get started. Fear not, you have come to the right place, here at myownforex.guru you will learn how to install the tools that you need for trading, along with learning the basics of trading on Forex. Once you have mastered the basic then you will move into becoming a junior trader and from there the sky is your limit (ok, perhaps your bank account is the limit :) ) In the follow up article to this post, you will learn how to do the following: Brokers, do I need them? Open a Demo Account! What is Metatrader? How to Install Metatrader! Making your first demo trade!

Read More »

Learn How to Trade Forex

Forex Intro

Here at My Own Forex Guru, you will learn how Forex works, what tools you need and how to read the charts. We also help you connect with other traders like yourself via our Forex forum; also providing the ability for you to provide your input to increase your visibility and also learning from others.

Read More »