Foreign exchange for beginners

I recommend reading : A Beginner's Guide to Exchange Rates and the Foreign Exchange Market in http://economics.about.com/cs/money/l/aa022703a.htm

or http://www.forexnews.com/external/packet01/default.asp

or

http://www.intrustbank.com/Business/International/HowTo018.aspx

If you want to understand more and get some tips in the forex market

go to forex market review , articles about how to invest your money

and broker's comparisons will help you to choose your appropriate forex broker 

Good Luck 

Good, basic and free guide for beginners in foreign exchange?

Well, there are tons of them.. You would just search the google but the best way to learn for me is www.babypips.com/school . Forums will be a big help for you to ask questions regarding forex so try www.forexfactory.com , it's good most especially in terms with fundamentals.. Youtube is a nice approach for beginners as well.. It's good to watch videos on how forex works..

Okay, best of luck to you!

Forex Course

You can start forex trading once you go through all the forex trading concepts and tips. Try some demo trading like the one i started with Finexo.com. Make sure you are well prepared before you start Live Forex trading:

a. Clear all the concepts, terminology and basics
b. Learn technicalities like tech. analysis and fundamental analysis.
c. Choose a right broker like the one who is real, charges less spread, better functionality and user friendly platform.
d. Collect sources from where you will get market updates and past data of the currencies.
e. Capital. Invest only a small amount initially and then gradually increase based on your performance.

I think these are sufficient for starting. Choose right pairs and deciding entry and exit points in forex is very important, so take care of that too.
 
If you are looking for some good forex tutorials have a look at these:

http://forextradingguru.blogspot.com/  
http://forexmoneymaker.blog.com/
http://www.finexo.com/infoCenter/5548

All the best

Here are some simple tips that will help you increase your profit potential prevent you losing money. these i have learnt from my investing trading experience.

1. Select your first broker

When you first decide to trade Forex you will need to locate a reliable broker. It's very important that you familiarize yourself with the software the broker uses for making trades analyzing the market any other features they may offer. Many have a training or tutorial account that will allow you to signup make trades for free. Use this to your advantage before just jumping in tossing your money in.

2. Get simple method you understand

In forex trading many people think that the more complicated a method they use in forex trading the more likely they are to make money. The fact is that is not a truth the simple systems work best. As you know there are two main ways to analysis the currency rate: fundamental technical analysis. Simple systems are more robust easier to trade with discipline as you underst the logic can therefore follow it with confidence when it has a losing period.

3. Trade the big trends not trade frequently

Although short term trading long term trading are both good you have to catch the big long term trends that make the big profits. The big moves in forex trading with optimum risk to reward come just few times a year so don't trade for the sake of trading wait for these moves - These are the that will make you the big profits that's why you're trading.

4. Work smart not hard

Once you have a system your happy with that's it. People go on about working hard in forex trading to educate yourself but once you have your system stick with it. The market doesn't give you extra dollars for effort you get your reward for trading correctly.
Forex trading is risky so you need to manage your money place your stop order far enough away the market action to allow for volatility.
Placing stops too close to entry not taking enough risk dooms most traders to fail.
Also when you have a profit don't move the stop up to quickly be patient give the trade room to breathe.

5. The formula to success

The formula to success in forex trading is to do the following:

Using Simple Method + With Discipline + Control Risks = Forex Trading Success

Keep these simple tips in your mind you could make some big profits on forex trading.

The foreign exchange market or forex market as it is often called is the market in which currencies are traded. Currency Trading is the world's largest market consisting of almost $2 trillion in daily volume and as investors learn more and become more interested, the market continues to rapidly grow. Not only is the forex market the largest market in the world, but it is also the most liquid, differentiating it from the other markets. In addition, there is no central marketplace for the exchange of currency, but instead the trading is conducted over-the-counter. Unlike the stock market, this decentralization of the market allows traders to choose from a number of different dealers to make trades with and allows for comparison of prices. Typically, the larger a dealer is the better access they have to pricing at the largest banks in the world, and are able to pass that on to their clients. The spot currency market is open twenty-four hours a day, five days a week, with currencies being traded around the world in all of the major financial centers.

http://www.forextopten.com