Better Ways To Learn

FOREX TRADING

  • Learn and Prepare

    Learn how new and commonly known strategies to trade within your limits and plan your trading needs and goals.

  • Practice and Experience

    Practice your trading using the worlds most recognised platform and access educational material to hone your skills and be better prepared.

  • Activate and Start Trading

    When you’re ready and confident, activate a real trading account and start trading according to your trading plan and goals.

How To Get Started

Getting access to excellent trading tools and educational resources is critical to becoming a successful forex trader.

Fill in the form below to get access to our exclusive forex trading education portal and our trading tools to get you started.

TRADING FOREX CAN BE FUN
BUT IT CAN BE RISKY BUSINESS IF YOU'RE NOT PREPARED

The foreign exchange market, also known as the forex market is by far the largest traded market in the world. With over $5 trillion traded every single day, its sheer size is what separates it from every other financial market.

However, even with such large trading volumes, it doesn't mean that everyone is making money. In fact anyone who attempts to trade without first taking the time to understand trading strategies is doomed to fail.

That's why your initial goal when considering forex trading is having the best structure, tools and support for learning how to trade better.

Of course, there are a multitude of sources for finding educational information about trading, but how do you separate the good stuff from the bad?

There are a lot of amateur Youtube videos out there and people claiming to be trading experts trying to show you their money making techniques. Not all of it is true.

When it comes to learning about successful trading, you should firstly consider risk. Risk comes in many forms that are derived from both external and internal influences. Some important risk are listed below.

Considering Trading Risks

Capital Preservation and Margin Risk

One of the fundamental rules in forex risk management is to not risk more than you can afford to lose.

Often, traders try to leverage their trading position to allow them to trade amounts exceeding their actual funds. They do this to maximise their returns with the smallest amounts invested, effectively giving their few hundred dollars the ability to trade the equivalent of thousands.

This is all well and good when a trade goes your predicted way, but if it heads in the opposite direction, you account could be wiped out in one trade.

Economic and Political Risk

When news hits the market relating to important economic announcements or political updates, connected forex markets can be adversely affected.

If this market shift is unplanned or headed in an unexpected direction, and you’re in the middle of a trade, it could negatively affect you.

Having access to current and scheduled news events can help you pre-plan a trading approach during those events. It could be as simple as choosing not to trade, but at least you’re not caught unawares.

Interest Rate Risk

Another critical element of forex risk is interest rate changes.

Globally speaking, central banks are responsible for driving monetary policy within their countries which includes the setting of interest rates.

These usually occur monthly, and it’s important to know when these reviews are planned for, as they usually have an immediate affect on foreign exchange rates.

Market Volatility Risk

Volatility risk describes the size and speed of fluctuations within the market. All markets have volatility, but in some instances the volatility can be extreme and unexpected.

Usually during important news events we can see sharp and large movements in the market. Being aware of what causes these can help with your trading strategy.

The Way Forward

Thankfully, the strategies that have been created to manage such risk are well tested and well defined. They are akin to a set of rules that you should never break. Breaking the rules often leads to losing your money faster.

Your goal should always be to grow your account balance naturally through returns, not through continued deposits.  

So where do you start? To become a successful trader, there are some key areas you need to cover to strengthen your knowledge about trading and what is common amongst traders and their strategies. These resources can be easily made available and accessed by reading below.

Reading and Learning

The first thing highly recommend is to start reading and watching tutorials on forex trading. There are a multitude of sources online that can help you get access to the right information.

But as mentioned above, not all information available online can be trusted. The most credible information usually comes from established brokers that have educational material available for their traders. This information can come in many forms like training videos and eBooks. Training videos are by far the most popular method used to learn to trade.

Open A Practice Trading Account

By opening a demo forex account or accessing your WebTrader online platform which requires very little effort, you can get access to a trading platform that can allow you to make demo trades without risking real money.

By trading using a demo account, you can test the platform and your trading strategies to experiment with what works best for you.

Using training videos and a demo trading account is by far the most effective way to learn to trade.

Open A Live Forex Trading Account

Once you’re ready to trade with real money, you can open a live forex trading account and deposit funds into it that can be used to execute real trades.

Trading with real money, as opposed to a demo account, introduces an new element into the equation: fear.

Traders manage their fear by following strict guidelines about their trading. By following a defined strategy, it help remove the emotion that can be attached to the experience.

Smart Traders Choose Synergy FX

Our leading forex trading learning portal comes second to none in the industry and can provide you with the resources you need to understand trading and strengthen your trading skills.

Your exclusive membership will give you access to training resources that will empower you with knowledge and enable you to become a better trader.

Our global fibre-obtic network located across 3 continents include servers in New York and Asia.

Our servers are configured multi-homed backbone connectivity for extra reliability and outstanding network performance.

Trading performance is paramount to the success of trading, it’s important that your trades are executed as fast as possible.

Our liquidity comes from 20 global banks, all competing for your order – making for lighting-fast matching and the best pricing at all times.

Our liquidity providers include Bank of America, JP Morgan, Goldman Sachs, Nomura, BNP Paribas, Societe Generale, Citibank, and RBS.

What Our Clients Say

"I have been trading FX for nearly ten years with mixed success until I started with Ichi scalper in April 2016. My funds have more than doubled in four months and I have been able to withdraw money quickly and easily.

Alastair has always been available with helpful advice when needed. Exactly what I want from my Broker".

Richard - Part Time Trader

"In the entire time I have been with Synergy FX, I have found them to be quick, reliable, well-organised, helpful, and surprisingly committed to my success. I am an ant-sized trader (under 10K), and SynergyFX still treat me as if I had an important account.

My account manager Damien, promptly responds to my requests, and calls me when he feels a conversation is more appropriate. Damien and the Synergy FX team is, in my experience, one of the very best I have dealt with."

Shelley - Part Time Trader

Start Today - Get Your Exclusive
Forex Trading Education Membership And Trading Tools

  • Forex Trading Tutorials & Tools

    The World of Global Trading, Trading Psychology, Capital Management , Market Analysis, Basic Technical Analysis, Advanced Technical Analysis.

  • Forex Trading Strategies

    Trend Signal Strategy, Tunnel Strategy, Fractal Strategy, Fishing Strip Strategy, Zigzag Strategy, Wave Tracker Strategy, T-Chaser Strategy, Fibo Trap Startegy, Zoom In Startegy, Semi – Automatic Startegy.

  • Over 60 Trading Tutorials & Tools

    Get access to over 60 forex trading related tutorials and videos that cover some of the more in depth views of trading with access Market Research sections, event calendars, news, market summaries, chart analysis, live market summaries and trading calculators.

How To Get Started

Getting access to excellent trading tools and educational resources is critical to becoming a successful forex trader.

Fill in the form below to get access to our exclusive forex trading education portal and our trading tools to get you started.

Synergy FX Global Optic Fibre Network

Global Liquidity Providers

Nomura
Bank Of America
JP Morgan
Goldman Sachs
Citibank

Frequently Asked Questions

Have A Question? Check Out These FAQs

Q2) Do you offer Forex education? +

Absolutely, yes – we have built a comprehensive membership learning centre containing video tutorials, a number of training guides, ebooks and access to webinars. Our training centre one of a kind and available to you for free.

Q3) Are demo and live accounts identical? +

Yes – they’re identical in terms of how they work and the prices they show. The only difference is that trades on demo accounts are executed on our server, while live account trades are executed on the interbank markets. As a result, the fill prices may be slightly different due to the available liquidity on the interbank markets.

Q4) What account types do you offer? +

We offer a Standard Account and an ECN Account, allowing you to choose whichever best suits your trading style.

With our Standard Account you benefit from competitive market pricing, no commission to pay, and a minimum deposit of just $500.

Our ECN account gives you direct access to our tier-1 liquidity providers for some of the tightest spreads in the market. The minimum deposit is $1,000, and we charge a small commission per trade.

We also have an Expert Feed for professional traders who regularly trade in large volumes. Contact us for more information.

Subscribe To Our Forex Market Commentary - It's FREE!

               

© SynergyFX.com.au · All Rights Reserved