Defining the Basics: A Beginner’s Guide to Forex


#1: Introduction

Three cups of tea later and I’m ready to give this a bash, but first, let me tell you a little about myself. My name is Kate and I’ve been working in Marketing for the New Zealand-based foreign exchange platform, MahiFX, for just under a year now. I enjoy mountain biking and snowboarding (except when I fall over), and I love nothing more than a good burrito. I also like to write, and have decided to try my hand at blogging as I continue to learn more and more about the mysterious world of Forex.

When I graduated from an undergraduate degree in English and Linguistics, I loudly proclaimed to anyone who would listen that I would never ever, under any circumstances go anywhere near a career that involved numbers. Obviously less than a year later I found myself working in the finance industry. Ah, numbers. With that said, I’ve always had a strange talent for finding my way into situations that I said I would avoid, and between you and me I’ve always found myself enjoying it. Taking a glance over the numerous help pages, FAQs and e-books I have in front of me now, I can tell that learning Forex is not going to be an easy task and my conscience is screaming at me to run and hide in a dark corner with a nice fiction novel. However, I’ve always liked Roosevelt’s (paraphrased) nugget of wisdom: ‘nothing easy is ever worth doing’. So, with these wise words in my mind, equipped with my trusty pen and paper and, of course, the internet, I’m going to take a deep breath and learn all about trading.

As I go through each topic, I plan to write a brief blog post about what I’ve learned, along with my experience of implementing it where possible. Why? Well, firstly, (and a little selfishly), writing things always helps secure what I’m learning in my mind. Secondly, and more importantly, I’d like to help people learn to trade too, because anyone can do it as long as they have the knowledge. If you’re anything like myself, it’s probably this knowledge bit that seems like a very large mountain to climb, however, it’s easy to simplify it. Let’s not forget, demographically speaking I’m probably one of the least likely to trade: I’m female, barely out of university and more literary-focused, so if I can learn to trade, so can anyone else. What’s more, regardless of gender, age or anything else, at the end of the trading day you’re only really defined by how well you trade: “The expert at anything was once a beginner.” So, let’s get going quickly before I panic and change my mind.

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