How to get profit in forex online? -

any free automated software that works to help me make decision to buy or sell? or how do i know when to buy, take profit and cutloss? Currency trading is risky business, but you can make money with it. You just need to trade smart. Before you start trading, you should learn as much about forex as you can to prepare adequately. Many websites will advise you to trade with leverage to increase your profit. Leverage is ratio between lended capital and invested capital. For example if brokers offers you leverage of 100:1, it means that if you invest $100 you will be able to trade with $10.000. While leverage can bring you higher profits, you can also lose all your invested money very quickly. Most brokers have automated systems that can issue a stop order to some trades to protect their interests, so you can never lose more than what you invested, but it is also possible that some brokers don t have these systems and in that case you can be responsible for losses that outweight your investment. That is why you should always read brokers margin agreement. Avoid using high leverage (more than 10:1) until you learn how to trade successfully. Just remember greed can be your enemy No.1. Also don t expect high profits with forex. People who make money on forex are doing it slowly. If you expect a return of 200% within a week, or month, than forget it and try something else. There are some software that could help you to decide an entry or exit point. Here is a list with some of these software: http://www.forextopten.com/forex-trading... If you re a complete beginner on Forex market it s always good to read everything about it so that you know what you re doing. Try to learn everything that you can and use a demo account so that you can test your trading skills. Good luck you can use robot trading software. http://theclickinfo.com/forexpro/ Learn the basics: http://www.babypips.com. Also http://www.etoroforexgames.com has a great platform to start with. Their platform makes it easy to understand what is going and it is unlike any other platform in the world. They also automatically put in stop loss orders for you, offers its services for free, and there are no commissions. (This is pasted from another question I answered your question is similar so I pasted the same response I hope you don t mind.) One month ago I quit my job (finally) and became a full time Forex trader after trading for two years part time. It took me two entire years to learn how to trade well enough that trading could replace my work income. How did I succeed? I worked hard and eventually I begun to make consistent profit. I told myself when I have 1 and a half years income saved up in the bank and a decent sized trading account I would quit my job and trade full time. I am know trading full time and loving it. WARNING!! Do not pay for signals or for e-books. The truth is you will learn nothing from an e-book. The people that write e-books are failed traders and you can t learn anything worthwhile from people who never made it. There are a FREE few sites you can check out for Forex related materials. www.forex4noobs.com www.forexfactory.com www.babypips.com These are all great sites, forex4noobs completely revolutionized the way I trade and helped me see the market in a different light. The forexfactory forum us great to meet new traders but as far as the analysis goes I stay away. It seems like the blind leading the blind. They have a fantastic economic calendar and news section. Babypips is great to learn the basics! Good luck and if you need any help email me at sandyquaho@yahoo.com Hi, I strongly suggest www.forex-signals-4u.com If you are serious about making profits you should consider as well reading some of the articles listed on the web site. Good trading Definitely, the best free automated software for forex is in your brain. But it need to be trained first. For that, learn all you can in http://www.forex4noobs.com and http://www.babypips.com In the meantime, get a demo account to practice trading, read up on candlestick charts and learn to draw support and resistance lines. For a working signal generating software to tell you when to buy and when to sell, try http://www.secretforexsignals.com forex managed funds program? did you know that? most retail forex investors was lose...please see this blog http://fxgain.blogspot.com...