What can you tell me about FOREX TRADING? -

I am interested in doing some trading with FOREX TRADING have any of you ever dealt with them? Not a good idea. Forex trading is just too much to handle. Because Forex never closes. they trade 24hours non-stop. Plus there are many factors global factors affecting Forex. One person cannot follow all these factors all at once. it is impossibe. My Advise, trade stocks, you will learn more, believe me. Good Luck You can open an free Marketiva forex amp; gold online trading account , with $5 reward and $20000 virtrual fund for practice .Just click the following link to open an account. http://www-forex.spaces.live.com Forex trading can be very dangerous and 95% of traders end up loosing there accounts within the first couple of months. Not to be discouraging but education is very important when you first get involved with the fx market. I found http://www.babypips.com to be very information and educational. Also If your looking to minimize your risk in the market I would suggest using a hedge strategy to limit the volatility in your portfolio. Check out this article at Zimbio about how to hedge your account in the forex: http://www.zimbio.com/forex/articles/245... In my trading experience, the Forex market is the easiest to start with. It s a great place to get your feet wet if you re completely new to trading. However, it s also very easy to lose money if you don t know what you re doing. So here s what I suggest you can do: 1. Go to http://www.babypips.com/school and learn as much as you can about Forex trading. 2. Sign up for a free DEMO trading account and start practicing. But what ever you do, don t trade with any real money yet! 3. As you learn more and start becoming a profitable trader, try trading with a mini-account (real money). But remember, trade with only a small amount of money that you can afford to lose. Never trade with money that you need to pay off your loans or for your daily expenses! 4. As you start learning new and better trading strategies, and as you start making some real money, you may consider trading with a standard trading account. But ONLY do this after you start making some money in your mini-account. As you grow and learn as a trader, you ll need to have a good trading strategy and system to follow. And whatever you do, don t buy into online Forex scams that claim that you can make lots of money in a short period of time! Profitable Forex trading requires hard work, but the rewards are well worth it. --------------------- I hope I was able to help. Forex trading is my area of expertise and I m always glad to share what I know. If you need more information, please feel free to visit my website at http://www.ForexSystemProfits.com Try forex for dummies practice first Here is also a good resource website that will help you get familiar with forex trading and strategies: http://www.forex-trading-secrets.net/ Hope this helps! Regards, I agree totally with Smart Forex Investor , you have to take your time and be very very careful or you can lose your shirt (or more) Read about it, get starter courses and when you feel ready get an account, a mini type that you can dummy trade on and do dummy trades for as long as it takes to get comfortable and confident. A word of warning here, with dummy trades it is easy to be unemotional as real money is not involved. Once the real thing gets involved it is much easier to fall victim to greed and doubt i.e., push a trade to far in the hope of squeezing all the profit out or follow it down in the hope it will reverse. Doubt, similar to greed but indecision on when to get out or even into a trade. So dummy trade until the mechanics are second nature and then trey the smallest trades possible and see how you react to events to assess if you have the mental set up to do it. If you don t (and that s not a bad reflection on you as most people do not) then I d advise trying equity spreads which can be less vicious or even just good old real shares in a trade on the dips or cycles way. I ve recently started a blog on forex (link below) which includes some articles and links to further sources e.g, http://www.forex-tradingsystem.info which is a site offering a free forex basics course as well as a paid product. Hope this helps and good luck making money :-)