Let’s cover some easy Forex trading for beginners. Although I know there are many beginners who are starting out who like to trade in the shorter time frames, trading on a longer time frame gives you more time to react. With a longer time frame you don’t have to be that nimble and quick as a more experienced trader.

If you’re just starting out in Forex trading you are most likely very anxious to get started. At this point, of course, it makes perfect sense for you to learn to trade Forex properly prior to investing your capital. This Forex trading for beginners video is designed to give you an introduction to some of the easy Forex strategies for beginners. Watch the video and use it as a reference guide and look for similar patterns on your own charts. What you’ll find is that many price patterns in Forex repeat themselves again and again and again. This is not to say that those price patterns will always lead to positive trades. There is always be profit potential in finding those price patterns which have the highest probability of future success.

In the video above pay particularly close attention to the discussion of risk levels. The level of risk you take will depend on a number of factors such as your account size and your trading system. Keeping your risk/reward ratio under control will not only help you preserve your capital for future trading opportunities, but will allow a profitable Forex system to flourish. Controlling your risk is a standard practice among successful traders, whereas not controlling risk is the most standard practice among non-successful traders.

In our example Forex tutorial video we are exploring a simple channel breakout system using the EURUSD daily chart. The channel breakout system can be highly effective when used on different currency pairs as well as different time frames. So as you gain more experience and advance from a beginner to an intermediate Forex trader, you may wish to look at using a simple channel breakout strategy for shorter term trading.