Andy Shearman Director and Founder of the Traderhouse Network.
Andy Shearman Director and Founder of the Traderhouse Network.

Learning to take advantage of new web-based trading tools

Effective training, particularly in the technology involved, is key for anyone trading FX online. Andy Shearman talks about some of the methods involved.

First Published: e-Forex Magazine 13 / Retail Forex Client / January, 2004

Getting effective training, particularly in the technology involved, is becoming of major importance to anyone trading foreign exchange electronically or online. We ask Andy Shearman, Director and Founder of the Traderhouse Network (www.traderhouse.net) about some of the methods involved.Andrew, the Internet has enabled traders in Retail FX markets to take advantage of tools and trading support systems originally built for the professional interbank market. How important is it to train people to deal with the online environment and technology first before they start learning how to make investment returns from currency trading?Very important. At Traderhouse we have to teach the basics of how to use the platforms from an operational standpoint. For example, we have to illustrate that the price is a two-way price. In other words you buy or sell instantly with one or two clicks so you need to know what side does what and which side you want to be hitting, to either buy Eur and sell dollars or vice versa. We...continued

Exclusive Content

The full article is only available to current subscribers. Click here to sign in or subscribe by clicking here