What is a good method to daytrading in forex? -

Please give some detailsm about indicators or moving averages to use and time frames There are plenty of good methods out there being sold by a lot of traders and scam artists alike - all cashing in on the greed that people have. Some work, others are just exaggerated. At least you are looking into it... other traders just simply gamble away their money. My suggestion is, once you ve found a method that works for your trading style - stick to it. There are so many ways to skin a cat as there are to trade - there is no one quot;rightquot; way to trade. Unfortunately it may cost you some $$ in advance to learn the basics first. There are many brokers offering demo accounts, though it is a BIG difference between paper trading and putting real money on the table. Here are some links: http://www.daytradeforex.com http://www.fxtradingstrategy.com/?hop=bu... and: http://www.forextechniques.com/?hop=123e... and: http://www.mtpredictor.com/ Also: http://www.amazingforexsystem.com Much info at: http://www.royalforex.com Google a while, look e.g.out for articles from quot;Currency Trader Magazinequot; entitled quot;Daytrading The Forex Market.rtfquot; (or *.doc or *.pdf). Equally interesting: quot;FOREX.Manual-10 keys to successful tradingquot; Be warned: Daytrading Forex can wipe out your account in very short time. At the beginning, I managed to lose 20.000 $ in a week. With very little money you buy 100.000 Euros, Dollars or British Pounds. On the pair $/EUR, 1 pip (1 ten-thousands of a currency) is +- 10 $. 100 pips up or down is often a question of minutes. Nevertheless: Good luck.