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ebook Posted by Team Topstep November 30, 2020

10 Commandments of Forex Trading

Are you looking to get involved in the forex markets? Well, we’ve got you covered. This isn’t everything you’ll ever need to know about trading currencies, but it’s a great place to start. We talked to experts and assembled the 10 rules every trader needs to know before diving into the world’s highest-volume market.

Becoming a forex expert is no easy task, so before you start trading live capital, you owe it to yourself to do the homework. There are lots of FX trading for beginner’s guides out there, but we believe that our 10 Commandments is an easy-to-read and compact roadmap for getting started. In it, we will cover topics such as:

 

Forex Basics

This ebook introduces aspiring FX traders to the concepts of fair value, fundamental analysis, and technical analysis. It also outlines the basic contours of the market including forex market hours, popular currency trading pairs, and common market participants. We also discuss important features of your forex brokerage account including leverage and risk management.

 

Forex Trading Strategies

Speaking of risk management, the 10 Commandments of Forex defines and explains basic forex scalping and trend strategies. We dive into the charts to discuss patterns and trading signals that alert traders to possible reversals or continuations. Whether you plan to become an FX day trader or long-term trend follower, these rules will teach you how to develop strategies like the pros.

 

Your Path Forward

As mentioned, this ebook is only the beginning. Becoming a successful FX trader requires years of serious training and practice. If you’re looking for a safe way to test your skills without risking your own capital, be sure to check out TopstepFX and the Trading Combine. Prove that you can profit while following a few basic risk management rules, and Topstep will fund your forex account. Guaranteed.

 

We look forward to seeing what you can do. Trade well!