Sunday, January 14, 2007

I have not invested in forex before. How do I get started. what do I need to do or know? -

Stay away from e-books and seminars, they are there to make the authors and teachers rich. They are not looking out for you. Someone earlier suggested http://www.babypips.com this is a great site to get started. I also suggest checking out http://www.wiseforexinvestor.com There you can learn about a hedge system that takes the guess work out of forex trading. If you have any questions don t hesitate to email or call me. Best Wishes, Rex White 503-463-7336 rexwhiteforextrading@gmail.com 1st: visit www.forextopten.com, www.babypips.com, and www.forexfactory.com. 2nd: Test your skills on a demo account until you re making money consistently 3rd: When you re making money consistently on a demo account, you can start to trade on a real account. 4rd: always keep learning. Forex is a challenging market. If you want to succeed, you need to keep working on it. try to register at easy forex. they will provide you with free e-books and online advises to get you started. http://www.babypips.com/school/market_ho... http://news.tradingcharts.com/forex/head... http://forex-trading.bluecollarnews.com.... master trader? http://www.robbooker.com/ useful e books: http://www.rapidforex.com/ http://www.traderssecretcode.com... http://www.1forextrading.com/ Forex simulator: http://www.expertworx.com/pm/Forex%20Mar... Free Charts http://www.dailyfx.com Blogs http://the-forex-trading.blogspot.com/ http://www.forexpeacearmy.com/ Economic Calendar http://forexfactory.com/ http://briefing.com/Investor/Public/Cale... Forex trading or investing works, period. no matter what others say. It is true that way more than half of the traders lose but my hunch is they never took it as a serious business or got carried away with their emotions (greed/fear). Make sure you get the right kind of information, there s a lot out there on the net so you need to be careful. Don t let anybody tel you what system works for you, only you know what works for you. This is a quest you have to take on your own. Never believe there s a holy grail that will make you buckets of money, if you do you ll be headed toward a neverending search that will probably empty your pockets and leave you confused. It is better to spend $1000 on a good course than losing $10.000 while searching and trading with false ideas. In my opinion, your best bet is fxcm.com, they got it all. Good courses and if you cant afford yet you can always use their demo account with a trial on dailyfx plus. The latter gives analysis of the markets and buy/sell signals. I especially like the intraday technical analyzer. Make sure you inform yourself thouroughly and never stop asking questions until you get it down.... good luck UPDATE: stay away from the rapidforex system, they went out of business for a reason Send them one thousand dollars to start your account. Buy a $100,000.00 worth of a currency on margin in the hopes it will go up. Cry when it drops only 1.0% and you lost all your money. It is a trick. Don t do it. try www.ny-stock.com

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