Can anyone tell me their succeed in Forex trading? -

i am interested with forex trading? if anyone tell me something then it will be useful for me. For beginners, you should not go into the Forex market trading with real money. Secondly, you should not be gambling and making your own trades. The forex markets are very complex and it takes years to fully understand the ins and outs. This is the solution for beginners like us. You find an automated software that will trade in the forex markets for you. However there are 2 criteria you need to go by when choosing a software. First, it must offer demo account capability and secondly, it must offer at least a 30 day money back guarantee. By doing this, once you purchase the software you will have 30 days to test it out. I suggest using the demo account immediately, meaning you will be using quot;play moneyquot; and not real money in the demo account to see if you can get the software set up so that it is making money in the demo account. If it does, then I would suggest depositing a small sum to start off with to test out live account using the same software setup. However, if it does not produce profits in the demo account, I would suggest a refund and try out another piece of software. You see, this way, you test out the product before really investing any real money. If it doesn t work, you haven t lost anything but a little time doing research on your part. I started doing this earlier this year and currently use 2 forex trading programs simultaneously. I couldn t decide which program I wanted to go with as each was making money so I decided to keep both. The 2 software programs I purchased were from the site below: http://www.allcbreviews.com/finance/auto... Regards, B Why not try first what I am doing now and then from the monthly proceeds you may invest in other business. What I did is trading forex through a couple of online brokers like www.fxpro.com or www.eglobal-forex.com and using only Expert Adviser (EA), an automatic trading tool that will do the trading for you which will minimized the risk when trading manually. For the EA I used from www.viking234.com and they give me a magnificent monthly gain ranging from 8-30%! Check for scam thru Google: click www.fxpro.com scam or www.eglobal-forex.com scam. The other important thing is the tool for online trading such as the EA I currently used. I don t know about you but it works for me.... There s a free book you can download at http://www.forexfromscratch.com which shows you the steps you should take to get into forex trading. It s very useful and free! I m doing well in Forex, but you must understand this is a challenging market. You need to practice a lot (on a demo account) and spend time learning how this market works. If you start trading without the knowledge, you will probably lose all your money. In order to make money in this market, start by learning the basics, and open a demo account on a broker. Then, keep practicing until you re making good money on your demo account. trading is mainly about buy and sell activities. Currencies are traded on a price interest point (normally called pip) system. Every currency pair has their own pip value. The objective of a trader is to hold as many profitable pips as possible. Some pip values are fixed, but some can fluctuate depends on the currency gain or loses strength. Normally I trade by using margin trading, where small deposit is required to control much larger amount in the market. Here I will use 1 percent margin deposit so that $1000 control $100,000 of trade currency. $100,000 is the notional amount. Let me shows some major currency pair with the currency exchange rate and the pip values. Currency Currency exchange rate Pip Value (GBP/USD) 1.7204 $10.00 per pip (fixed) (EUR/USD) 1.1789 $10.00 per pip (fixed) (USD/CAD) 1.1642 $8.59 per pip (fluctuating) (USD/JPY) 117.82 $8.49 per pip (fluctuating) For GBP/USD, 1 pip movement can be from 1.7203 to 1.7204. That means from 1.7102 to 1.7202, it should be 100 pip movement. Lets look for another example, USD/JPY, 1 pip movement is from 117.82 to 117.83 and 100 pips movement is from 117.83 to 118.83. Below will show you how to calculate pip values. Formula is (1 pip value/currency exchange rate) x (Notional Amount) For GBP/USD, 1 pip value is 0.0001. Assume currency exchange rate is 1.7204. Notional Amount is GBP 100,000. Therefore, (0.0001/1.7204) x GBP 100,000 = GBP 0.58 If we want to convert back to USD, then GBP 0.58 x 1.7204 and we will get $1 For EUR/JPY, 1 pip value is 0.01 . Assume currency exchange rate is 138.96. Notional Amount is EUR100,000 . EUR/USD=1.1789 Therefore, (0.01/138.96)x EUR 100,000 = EUR 7.20 If we want to convert back to USD, then EUR 7.20 x 1.1789= USD8.49 * Make Profit in Trading www.Tradeoracle.ch Browsing every page on the net or reading articles about forex trading is not we call learning forex trading. In foreign currency exchange to maximize your profits, you definitely need to learn to trade the forex. Attend trading courses, seminars and read articles written by professional traders and experienced persons. Learn to trade the forex from different network, experience and with other FX traders to exchange information and latest trading strategies. Trading in forex market is not easy, you can loose you invested money in seconds. Learn to trade the forex with discipline. If you get no answers, that fact alone will be the answer.