How does one make a living trading forex ? -

I agree with Vik. I think I ve answered this same question a few times already... You can make a living trading forex by buying low and selling back a currency high or the opposite by selling a currency short then buying it back. Have a search of previous questions I ve answered... Try searching for this question because its been asked (and answered) literally hundreds of times on this site...

Forex or stocks in this kind of economy that we#039;re having in uk? -

which would be the more practical thing to get into at this moment in time, considering out economy. Forex, stocks OR SAVINGS. ICICI is offering 7.20% interest. Put up to ￡50000 in there http://www.financecomparator.co.uk/savin... Put another ￡2500 in an alliance amp; leicester bank account. (they offering 8.50% up to ￡2500) http://www.financecomparator.co.uk/ Your savings will be protected up to ￡50000 from October 7th anyway ! :) I d suggest forex simply because of the stability it offers - it s a global market so it isn t just affected by what s going on in a certain country. If you want to see exactly how to get into trading forex, you should take a look at the free beginners guide you can download at http://www.forexfromscratch.com This guide is a quot;step-by-stepquot; report which explains everything you need to know about getting into forex trading. Hope this helps?

Is there a website where you can read the terms and language used in the Forex markets? Or a good basic book? -

There is some good info here: http://basicforex.info try to avoid paying for any information because most of it is scams. Hello, If you are looking for simple easy to understand concepts of forex then visit this. http://www.finexo.com/infoCenter/5548 I personally like this page because of its simplicity and to the point concepts. Hope you like it too.... Investopedia.com babypips.com For books, try Forex for dummies. Hope this helps. Jim http://jsforex.blogspot.com register to this site and download a Free Ebook. if you want a serious way of learning forex, you may deposit a minimum of $100 which will also form part of your initial capital and they will provide you a personal Account Service Manager (ASM) with whom you can talk live via phone, email or chat to answer all your technical questions. your ASM is actually an expert forex trader and is tasked to be your mentor, adviser, friend and trading partner which means at your request he will trade along with you until you get familiar with their system and can give expert advises, tricks and strategies to become successful in your trading activities. Go to http://www.tjgroupforex.com It has articles and ebooks and tools for download. Hi BB, I personally like http://www.ForexFace.com/ . ForexFace is a portal for forex trading education, where you will find a free forex course (forex ebook), interesting articles about forex basics, expert advisors, day trading and also a newsletter (they send you an additional forex ebook and tips to learn forex via email). I very much like learning forex at ForexFace - also the website is very easy to use. From this link you can download their free forex ebook: http://www.forexface.com/free-forex-eboo... Cheers, Jeff http://forex-soln.blogspot.com/2008/06/l...

(1) What is the best time to do forex trading? (2) What are the best curency pairs to trade in? -

1) This site will answer your first question http://www.babypips.com/forex-school/mar... 2) There are only six major currency pairs against the dollar GBP EUR JPY CAD CHF AUD These are the pairs with the highest volume and the lowest spreads. There are six or eight other quot;cross pairsquot; that also have good volume, but the spreads widen to 9 or 10 pips. Depends if you can predict which currency is stronger/weaker rising/falling etc....tricky business to get right....bit like share dealing. Depends on your strategy and rules. Some people like mornings, some like evenings. Really depends on how you like to trade (what strategies and what timeframe). There are 17 pairs that are most popular. Many people like USD/EUR, USD/JPY. Hope that helps! Best Time to Trade ? Check out this site. It has a time chart based on the various cities in the world. @ http://www.geocities.com/lcming/ForexFor... Best Currency pairs ? Those that are liquid and volatile. Basically the majors USD/JPY EUR/USD GBP/USD CHF/USD Although EUR?GBP is my pet right now. Slow and steady. Generally 2 AM ST to 2 PM EST is the best time since most of the banks are working at that time. Generally USD based currency pairs have high volatility and tight spreads.. Get more info at http://the-forex-trading.blogspot.com If there was a quot;bestquot; time and currency to trade in, the opportunity would be arbitraged away as quickly as it came.

How can I make money with domain names and forex? -

I need an answer from someone already doing this You can go to a service like domainersedge.com and get a comprehensive list of all domain names that are soon to expire. You can actually sort the list with keywords such as quot;forexquot;. You will get a listing of all soon to be expiring domain names with the word forex in it. You can then place a bid through a number of services such as pool.com. Then you can simply use, sell or park (and generate income) from your newly acquired name. Good luck, Paul

What is a good profit goal on a forex trade? -

I am starting small with a margin of risk of $12.50. I know the earning potential is pretty unlimited but how to I know when to close the deal and take the profit. I dont want to be greedy. I am thinking $12.50 would be a minimum. What do you thing? When I open a position in the forex market, I have a reason for it--technical or fundamental. When the reason no longer exist, I close that position. I do not use a fixed number or percentage, but let the market tell me when to get off. Hope this helps. - Jim http://jsforex.blogspot.com If something doesn t get to your profit goal, what are you going to do? Wait? If something gets to your profit goal, what are you going to do? Close the position with a small profit? This mean that you are closing positions that are moving in your direction while holding your losers. This is a recipe for disaster. Professionals don t use profit targets. They may be wrong 70 - 90 % of the time. Their profits come from riding a few big winners each year. $12.50? On what size, on what time frame and on what pair? Regardless of the situation I think its way too small for anything greater than a 10000 mini lot, but you may be trading less if you your broker allows. A general rule: look at a chart of what you are trading, look at the range of moves you expect to catch. Your stop should be at most one third of the expected profit you want to make and probably more than one fifth depending on the volatility. It doesn t sound as if you have a plan or a system. Read what some of the others here have given you as answers because there is some good information here. I would suggest that you don t use any real money, no matter how small or insignificant it may seem, until you have done more research. Take your time and do your homework because there is not reason to rush into Forex trading. Just remember, it is better to get rich slowly than to get poor quickly. Best of luck to you in your trading endeavors. dear sir, forex is not easy and got high risk.. u must know about calculation win and lost. please trade less than 3% from margin and make sure u know about this.. please set target lost and target win for day trading.. if target win archive just stop your trade and when you lost target reach please stop your trading for that day, and the last tips please compund your profit.. last advice from me.. money management , not greedy and planning when do forex trading is they key success in forex.. if u not follow this rules i confirm all your money will be gone.. tq cheers, http://saving-money-techniques.blogspot.... A good place to take profit is just above your support line or below your resistance line depending if your going short or long. You have a stop loss in place right? So just make your risk reward 3:1 or 4:1, why be greedy ? You do know what I am talking about don t you? if you don t, you shouldn t be trading You seems to have a good beginners knowledge. In forex market I would advise you to be cautious and adventurous at the same time. Draw your boundaries and play with in yourself. Also keep your eyes and ear open for accumulating extra knowledge on how the market move from here.

What is the best EA (max profits, min drawdown) to run automated forex trading with metatrader 4 (mt4)? -

EA is a file that can compute and perform trades in the MT4 application - the forex market, for brokers that support mt4. I think Forex Tracer is the best out there at the moment which works with mt4. The Forex Tracer is USD/EUR pairs. http://www.forextracer.forexrobotreviews... Or if you want USD/JPY pairs then you should be considering Forex Funnel. http://www.forexfunnel.forexrobotreviews... Good luck

How does a central bank control the foreign exchange market FOREX? -

There really is no single unified foreign exchange market that is controlled by any central bank. However, there are main trading centers in London, New York and Tokyo as well as some smaller centers throughout the world, but these do not quot;controlquot; FX. Instead, the FX market is controlled by, well the market itself. This is mainly due to the over-the-counter nature of the FX and the little, if any (arguably) insider information available. The reason they want to is to make money Government manipulate the value of there currency for many reasons the main one is foreign trade. Example An American company makes a product and sends it to china to sell it. If the American dollar is stronger(more valuable) then the Chinese dollar then the Chinese people have to use more of their money to buy an American product meaning the American company will sell less of those products When that same company sends their product to England where the American dollar is weaker then it is cheaper for the English people to buy American products. So the dollars are manipulated from time to time to increase commerce. Other reasons are Political in nature and alot more complicated to explain I hope i Have help you alittle

Can i start forex with least $50 as a capital? -

dear friend, i would like to venture myself in forex world. Can u suggest me which forex platform/broker allows to open an account with minimmum $50. I have already tried some demo accounts, now I just wanna giva a try with real money. Well, first you should NOT be looking to be opening a Forex account with $50. You say you ve been trading a demo which is the right way to start, but one of the most important things when trading Forex is a properly funded account...ask any trader. My advise to you would be to educate yourself further and keep trading the demo until you can properly fund your account. $50 in an account will be blown up in now time and will probably only discourage you from trading...not the goal here. While your searching, another recomendation would be to check out FxRebates (www.FxRebates.com). They offer rebates on the commissions you pay while trading. The Broker s don t offer this in most cases. I know they work with about 10 brokers now and they could also help you choose a broker. Best of luck to you in your trading... Try www.oanda.com, I use it and you can make a forex transaction for as little as $1 worth of units. I don t know if there are account minimums with them, but I don t think so. Their spreads are good too, fixed 1.2 pips on EURUSD for instance. They have a good demo account to try their service too. I would personally start with more than 50 dollars though, probably 1000 would be better suited. The important thing to remember is not to over leverage your account. I usually stick to around 10% margin. The lowest oanda.com allows is 2% margin or 50x leverage. Good Luck. You may try marketiva.com try http://goldenbullpicks.com they have the link your looking for Good luck =/ most forex minimums are well within the $100 range. Try searching out online discount brokers such as Scottrade or Sharebuilder- Ameritrade has a $1,000 minimum so don t bother checking into that one.

I see web adverts asking to invest on Forex trade online, is this really possible? -

Yes, you can now trade from all over the world online. But go for one that has strict rules following the standards for US and UK traders. For me, I ve been using EasyForex and I have no problem. Try it yourself. Go to oanda.com, and sign up for a free demo account. Trade that account and see if you can make a profit. When you are able to show profit for three consecutive months, open a live trading account with only $10. Then trade that $10 until you are again profitable for 3 consecutive months. Each time you are profitable for 3 consecutive months, add more funds to your account. You will be surprised at how easy it can be to make money in foreign exchange. Why oanda.com and not the others ? Oanda.com was one of the first brokers to offer online forex trading, and they are still around, providing, IMO, reliable market making service. They also have one of the lowest spreads among online brokers--0.9pips on the eur/usd. yes, forex trading is simply done online these days. if you are interested in this investment and are looking of a legitimate, reliable, trusted site refer to the link given below. being one of the world leaders in forex business, i can recommend no other site. Yes, there are lots of scams out there but there are genuine opportunities to make lots of money in Forex too. I have been trading a free quot;demoquot; account since February and I ve made a 74% return on investment to date. See details in my blog here http://yarcofin.wordpress.com Babypips.com is your one-stop for Forex info. They have a great free school filled with information, links to many credible brokers, a forum full of smart traders, etc. If you want to get your feet wet in foreign currency exchange trading, a Forex training course in currency trading will help you understand what Forex is, how to choose a Forex trading company more......http://forexupdate.biz/?p=31 The FOREX or Foreign Exchange market is the largest financial market in the world, with an volume of more than $1.5 trillion daily....more......................http://forexupdate.biz/?cat=7 Focus more on fundamentals than technical analysis. Economic news analysis is what moves the markets. Here is a free site that shows what has happened after economic news releases: http://www.forexnewspatterns.com this s the first time I ve heard of it.

What is the hidden game in Forex Trading? -

I feel there is a game in Forex trading but i m not able to figure it out. I feel it s not transparent as all broker companies pretend, can any one advice me, is my feeling right or wrong? -- FX Mania http://www.geocities.jp/fxtrading777/ the Forex doesn t have a central organism where currencies are dealt. You have to think of it as the global exchange of currencies. If you go to a bank and buy US dollars with your local currency then you have participated in the forex, in other words you have participated in that global exchange. But the idea is much broader. Forex includes the exchange of goods and services, investment transactions, speculation and everything else involved with money, even when you purchase something in a mall for your own use. All this is hardly transparent which makes it difficult for the layman and not so layman. Thats the nature of the Forex but it doesn t mean you can t make consistent profits from this enormous market. A complex system such as the worldwide exchange of currencies can be narrowed down to relatively simple concepts for you to use. However, exactly because of this reason and it s low transparency, many scam artists arose to sell supposedly quot;profitablequot; trading strategies. Be careful. btw, there s no game. Forex is just forex, it can t be manipulated like a stock for example. The currency market is too large to be manipulated with the idea of scamming people. I would say wrong. If you are talking about costs, as always this is hidden. Basically you have the cost that is associated with the spread. As you know the price is higher to buy than it is to sell. The diference goes to the quot;housequot;. Then, this spread could be slightly widened to make your cost even higher. Then, the quot;housequot; may charge you commission. Other than that FX is the cleanest, simplest form of trading. If I have meisunderstood your question fell free to contact me on http://www.shareworld.co.uk Use a big broker when trading forex fxtrade.com Hi, 1. Firstly I would like to tell you that nobody could predict the market. Therefore Elliot waves together with some other technical indicators are very useful when you are making analysys for enter/exit point 2. All currency pairs are good. Some of them have higher volatility and some lower volatility. Usually traders are trading with several currency pairs that they like. 3. As you have noticed leverage could be as profitable as detrimental. For that reason traders use money risk management rules. The main rule is don t risk more than 2% of your trading funds, which is rule No.1. 4. Rule No.2 - Listen and follow the market. Trend is your friend. 5. Rule No.3 - Don t listen experts. They are paid for their speech. If their forecasts are so successful why they don t trade themselves? Trading is much more profitable than salary for making forecasts. 6. Rule No.4 - Never trust quot;black boxesquot;. All of them are created by historical data. Their presentations looks very good but market is alive because traders are live personse and nobody could predict next movement of thousands live traders. 7. There are many online forex brokers. I know nothing about forex.com as brokerage company. But I don t like their trading terminal. I preffer MetaTrader 4. Trading forex is very exciting and profitable business Good luck! First there s the non hidden game, which is simply that it is difficult to make consistent returns in any kind of trading because of the way financial asset prices work. Then there s perhaps a lot of quot;behind the scenesquot; stuff that the public is generally unaware of. Some of this is legal, other is borderline, and other is not legal. This can be anything from the way finance works on Wall Street, to less than honest dealings, to flat out fraud. You don t have to worry about reputable forex companies. They don t engage in fraud. Look for companies that have memberships with securities dealers in the United States. That means they re quot;regulatedquot; and won t rip you off. Some non regulated companies might be a different matter.

Are there any website offering free tutorial or training for forex trading beside investopedia and fxstreet? -

Forex signals, MACD indicator, Bollinger bands, Pivot, how to be successful in forex trading, how to earn the most without losing a lot You can visit my blog which I maintain on daily basis. I tell you how to trade. So you can learn from this blog. Also, post my trades and also mention the analysis behind the trade...Its all free http://the-forex-trading.blogspot.com Hey dude...!! Nice to see your interest in FOREX..!! Well here it is for you: http://www.geocities.com/daytradingtutor... Let me know if you need more info email me at Karey Girish kgirishraman@yahoo.com Have you seen http://uscommoditiestrader.com THere are several companies and websites providing demo/practise accounts. Depending on your geographical location and wishes I could point out some sites. But my warning if you have not enough experience in the market itself: be carefull, practise, read and learn a lot and a long time before you use your own money. Be sure NEVER to trade with money you can t miss, at least for some lenght of time.

Is Forex trading hard to learn, give me your honest scoop? -

What kind of funds do you need to start ? In essence, Learning forex its easy, but mastering its the Hard Part. You can learn the basic rules, technical analysis, fundamental analysis, candlestick, pivot points, time frame, trend lines, Fibonacci, support amp; resistance, price action, leverage, money management and position sizing, you can even Learn a hole system and methodology to trade mechanically and even with that you can lose money. Like a few of the other people have pointed out it can be difficult to learn about how to trade in the forex currency exchange just from an ebook and doing so could be costly as you try and learn the ropes. You can start learning by quot;paper tradingquot; or using a demo account like previously mentioned. Another great option is look at some tutorials and get your feet wet. Here s a site that offers a free 5 day forex learning tutorial in Video! This covers all the basics that you need to know. It s broken up into 5 days so you don t have to feel overwelmed by all the information all at once. I liked it because well it s a video so it s more interactive then reading an ebook, plus it s free. It is far from being easy - you should get a good tuition and learn it from the ground if your really want to be successful. Otherwise you waste your time (and money). Take a look at this recent testimonial for http://www.NiTrading.info Hello Nathan. I wanted to send you a brief comment about your NI trading program. I was the guy who sent you the comments from the professional trader who trades accounts for others (and until recently had a very good track record). As you may recall, he was very skeptical about your claims on your website. Well, I certainly am glad I did not listen to him!!! I went ahead and purchased your material and have been quot;wrestlingquot; with itfor a couple of weeks now. Your method requires a good amount of work and concentration. I have a long way to go before I master it, but I can see light at the end of the tunnel. I have to say that it is by far the most brilliant trading approach I have ever seen......so much so that I can not imagine wasting any more time examining or evaluating another method/system/approach. As I mentioned in my last email, quot;I am a very small trader in terms of account size, but that has not stopped me from purchasing trading systems, software, and books by the truckloads as well as attending many seminars and workshops, and I have made it a priority to look into just about everything that is advertised publicly.quot; Your cycle analysis is vastly superior to even the most sophisticated and complicated methods I have seen. I really don t know how you conceived this? You make so many of the self appointed experts look silly when they insist that there quot;is no holy grailquot;, or that a perfect or even near perfect trading method does not exist. I have read (quot;plowedquot;) through the manual and have watched the first 5 videos, so I have a long way to go, but I can already see the amazing power in this approach. At this stage, I certainly can not identify all of the trades that you see and I have a lot to learn when it comes to transitioning from one time frame to another, but I can identify some of the very obvious trades......and I can see why you insist that if the rules are strictly followed, we should be able to trade with few if any losses. I ll give you a testimonial when I begin actual trading in a month or so, but I just wanted to thank you for making this available to me. John B. Depends on what you want to achieve in the forex market. If you want to short the market when you sense a high level of bearish sentiment, then all you have to do is open an account, select the appropriate leverage, and then sell the currency. Easy? That might make you some quick cash here and there, but there s no way you will profit consistently by doing just that. You need to ask yourself these questions. What type of trader do you want to be? High frequency Trader, News Trader, Position Trader, and etc. Doesn t matter what kind of trader you ultimately choose to become, you know these are the traders you will have to compete with. Forex is a zero-sum game meaning you can only win at someone else expense. The chance of coming out positive over an extended period of time is less than 10 percent in Forex. This means that you will need to beat 90 percent of the traders applying the same strategy that you are applying to make money. Example: Sample of 100 News Traders- Trade #1 *Assumptions* - All traders will use same stop-loss. Eur/Usd moves 40 pips up. 10 Traders set 10 pip TP - 10 PIP SL = 10 pip profit 10 Traders set 20 pip TP - 10 PIP SL = 20 pip profit 10 Traders set 30 pip TP - 10 PIP SL = 30 pip profit 10 Traders set 40 pip TP - 10 PIP SL = 40 pip profit 60 Traders set 60 pip TP.- 10 PIP SL = 10 pip lost Assuming Euro reversed after 40 pips 40 traders made money. 60 traders lost money. Trade#2 Eur/Usd moves 30 pips up. 10 Traders set 10 pip TP - 10 PIP SL = Net Profit 20 pip 10 Traders set 20 pip TP - 10 PIP SL = Net Profit 40 pip 10 Traders set 30 pip TP - 10 PIP SL = Net Profit of 60 pip 10 Traders set 40 pip TP - 10 PIP SL = Net Profit of 30 pip 60 Traders set 60 pip TP.- 10 PIP SL = Net Loss of 20 pip Assuming Euro reversed after 30 pips 30 Traders made money 70 Traders lost money Trade#3 Eur/Usd moves 20 pips up. 10 Traders set 10 pip TP - 10 PIP SL = Net Profit 30 pip 10 Traders set 20 pip TP - 10 PIP SL = Net Profit 60 pip 10 Traders set 30 pip TP - 10 PIP SL = Net Profit of 50 pip 10 Traders set 40 pip TP - 10 PIP SL = Net Profit of 20pip 60 Traders set 60 pip TP.- 10 PIP SL = Net Loss of 30 pip Assuming Euro reversed after 30 pips 20 Traders won 80 Traders lost Of course, the math behind trading is much more complicated than this, but this sample is only used to illustrate my point. Not only does your strategy require defined Stop-Loss targets, but it also has to be conservative relative to the other traders. Once you ve practiced trading long enough, you ll know where to set your stop-loss. The challenge is where do you think the other traders are taking profits if you ve got a very high average intelligence then perhaps simply reading ebooks and other reading materials would do you well and get you going easy, however if you are just like myself and several others then i believe you need personal mentoring to make it through successfully. if you are really interested in forex then i can recommend this site to you. you can open a quot;mini accountquot; for just $100 and they will provide you a personal Account Service Manager (ASM) to walk you through the basics in forex trading. you can talk to your ASM live via phone, email or chat to discuss everything you need to know. your ASM would serve as your mentor and trading partner and will even trade wtih you just to make sure you get familiar with their system. aside from quot;miniquot;, other available accounts are gold, platinum and vip. just note that the opening a higher account would entitle you to more features and benefits. meantime, you may register and download a Free Forex Ebook for your initial reading. Hello there Anyone can learn Forex Trading. There are many companies that offer Demo accounts so that s a good way for you to start. You can start with as little as $1000.00 for a mini account. I also suggest that you go to a Forex seminar or work shop to learn about it. One thing you must remember (you do not make money all the time) you must be prepared to loose money some times. I never traded in FOREX but what I know is that particularly what ever you invest in you must think that its not your money again and its you never had it.....because the gains are very very lucrative and similarly losses will make you throw on the road. So be careful. Free ebooks and articles abt forex http://www.tjgroupforex.com

Forex , Option, and Commodity? are they the same or different? -

I m confuse. i want to start trading but not sure what the differents between Forex , Option, and Commodity? whats is less risker but higher returns? thanks for all your answers. I really like this Qamp;A in yahoo. so many smart people here and its great to have there ideas on things. Forex - this is the foreign exchange market in which currency pairs are traded such as the USD/CAD. Within this market you can trade the spot market, which is the most recent price changes, similar to buying and selling stocks, typically through the use of leverage (for every $1 put up you could control $100). You can also trade futures and options on the future price of currencies. The more leverage you use the more risk but the higher the potential return. Optios - this is a contract that gives you the right but not the obligation to buy the underlying security at a set price before a set date. A call option gives you the right to buy while a put option gives you the right to sell. While you effectively control a lot more of the underlying security with a smaller outlay with an option they are a risky investment for the average investor. Commodities - in terms of the commodity market this is simply the trading of commodity products such as oil, gold, beef, etc. The typical way to trade these are through futures, which is a contract to purchase or sell the underlying commodity at a set price by a set date. This market is considerably more advanced and risky for the average investor. For more information on each: Commodities - http://www.investopedia.com/articles/tra... Forex - http://www.investopedia.com/university/f... Options - http://www.investopedia.com/university/o... Check this http://people.stfx.ca/kmacaula... out too. Report Abuse For forex you can learn more at http://the-forex-trading.blogspot.com

Where can I get live forex rates via an RSS feed for free? -

http://fxlabs.oanda.com/cgi/fxlabs.pl?id... http://www.fxcm.com Open a demo account and use their trading platform for free. Go to - Trading Platform and sign up. Check out EasyForex.com. Great broker service and they have all the trading tools you can imagine. I would also check out http://www.forexvendors.com to explore more resources involving the Forex. http://www.fxstreet.com/syndicate/rss/ this website has alot of what you are looking for, they get their data from netdania, also you can open up a small live account with many brokers that now have web based applications with streaming quotes. good trading mark mc donnell www.forexearlywarning.com

Does anyone make good money from Forex Trading ? Share your stories here. Thanks , I want to start.? -

Does anyone make good money from Forex Trading ? Share your stories here. Thanks , I want to start. Help the new guy out =) You can make some good money but its not that easy. Sign up with http://www.easy-forex-uk.com/ once you have signed up you can trade in a demo account! Have a play around before you deposit! http://www.easy-forex-uk.com/ A lot of forex trading has to do with dynamically monitoring the forex markets and alerting on profitable spreads. With the trading day beginning in Sydney (before moving Westward), it s crucial that you have the tools and the decision data at your fingertips. Most beginner forex trading accounts can be opened for between $1000-3000 based on the forex broker company. You can start with demo accounts and move up to mini and regular forex accounts. I ve been in the Asia Pacific forex markets for over 8 years and have seen profits come and go. It s a risky game but I personally like it. I don t make good money, but I am earning. Currency trading takes time and patience. Patience to study hard and then patience to wait for the right trade. When you gain, it is reasonably small quantities and when you lose it can be big which means that your method needs to be strong, you need self-control and good risk management. It has taken me 6 months to get this far, 6 months full time and I focused on one currency, better to be an expert of one than know bits about many. My world is GBPJPY. Currency trading looks easy, but it is very difficult and emotionally traumatic. Read the site below, it tends to give a realistic picture rather than a lot of hype which is very common in the field. It is not easy making money in Forex. People advertise like they will make you a million dollars, when your starting capital is $1000. Trading is very emotional. You first need to learn the markets and learn how Forex is traded. Having a few strategies to work with and if you could work with an Auto trading system even better. You also want to make sure you are with a good broker that offers rebates and fair spreads. This cuts down on transaction costs. My brother makes about $400 a day with forex because he s really good! If you want to get started, you should try this: http://technicalanalysisforex.com My brother used it and now he s making great money. You can use a practice account to quot;learn the ropesquot; and then start trading for real. I started when I was 19. Bought a trading system, used the demo account for 2 months (you play the trading game without investing actual money) and I saw it could make me profit. While doing this I was working two terrible jobs (Wal-Mart and another local store) and I saved $5000 to invest. Invested it, made profit, invested some of that, made even more profit and it just kept snowballing. I m now at the point where I don t have to work a day in my life. If you re interested I found reviews of the top 3 Forex trading systems: http://forex-tracer.the-perfect-solution... I know some did but it takes a lot of effort to study especially if you are a beginner. It s convenient but requires initial learning before trying it out. It s a good idea to gather information about it . There are a lot of quot;FREEquot; information and ebooks to start with. Just use Etoro, its always been the best and still is the best. I wouldnt trust any of the new ones. http://www.etoro.com/B32_A4731_TClick.as... Focus more on fundamentals than technical analysis. Economic news analysis is what moves the markets. Here is a free site that shows what has happened after economic news releases: http://www.forexnewspatterns.com

What if you are completely new to Forex or anyother market...What do you do? What is some advice? -

I m just very confused about this because, if you are trading on Forex, where do your profits go? A bank account? And where is a good place you can learn what all the Forex Lingo is... It s really tough if you don t know what the h3ll you are even looking at..HELP! I ll try to answer your questions one by one. If you want to learn how to trade forex, first you open a demo account with an online broker of your choice. To find which broker has the best ratings, look up OANDA in this thread http://elitetrader.com/br Soon as you have a demo account, trade that demo account as much as you can. What you want to achieve is to learn when to trade and when not to trade. This is going to be your trading method. Fine tune your trading method by trading as much as you can sticking to your method. When you can trade and show profits three months in a row with that demo account, then it s time for you to open a live account. The reason I asked you to open with OANDA.com is because you can open a live trading account for only $10. You then trade that $10 exclusively using your trading method. You will find out that trading a live account is way different from trading a demo account. See if you can fine tune your method some more and master your ego and emotions trading this live account. They key, you will learn, is to live to trade another day. When you can trade and show profits three months in a row, add more funds to your account. You will learn that all the profits that you will make trading forex goes into your account. With OANDA, to withdraw funds from your account, first you need to fill out a form from their website. OANDA will give you several options to choose from to withdraw funds from your account. You can either withdraw your funds: - using your paypal account. - OANDA can wire transfer your funds to your designated bank. - send you a check. If you wish to learn more about the terms used in this business, you can check out http://investopedia.com or http://wikipedia.org It s usually challenging learning how to trade, just keep at it. If you need more information on this matter, feel free to contact me through my website http://jsforex.blogspot.com Hope this helps! - Jim If you wish to learn more about forex trading, you can find a lot of free information online about forex as well as buy some forex trading course (like Peter Bain s). All your dealings are handled by forex broker. When you open an account with broker, you deposit sum of money you wish to trade with. Any profits you make are deposited in your broker account. There are many options to withdraw money depending on broker. Most brokers offer payouts through PayPal, or transfer the money directly to your bank account. It s not hard at all as long you buy a PROVEN system that has a well backed knowledgeable team of advisors. You can ask them as many questions as you want and get step by step advice. I recommend Forex Funnel. The people there know what they re talking about and they re all about helping their clients. http://allforexeveryday.wordpress.com Good luck! Check out Forex Funnel on the forex review site I just linked you to. My advice is DO NOT go into Forex trading without at least a few years working in a financial institution. Forex is one of the more high risk financial instruments and you can quickly lose your shirt if you don t have a very good understanding of macro economics. In the meantime, stick to trading some of the lower risk equities (blue chips, funds) on etrade, scottrade, etc. Non of those people know what they are talking about. 1st off your profits go into your account where you opened it. Tthere are numerous retail traders on-line. I use FXCM. They have a great educational center. Tons of free stuff. Daily webinars (for Free)and a beginners 8-day course for $20. Who ever you choose, open a demo account and practice. Buy a book or two and educate yourself about what your doing. Give it a couple months maybe 6 before you open a live account. If you don t know something ask Patience and discipline. Crawl, Walk, Run. Sen. Clay Davis - The Wire If you don t have enough education about trading forex I would suggest getting a financial consultant. Here is mine. http://www.plateofgold.com/partnerfund

Forex analysts out there i need to study on currencies which are the schools to study? -

You don t need a school. Buy a couple books and study yourself. Open a Demo account for free and practice. check out this link and Register to get a Free Forex Ebook. If you want a live, one-on-one approach, you can deposit $100, which eventually is also part of your initial capital, and you will be provided a personal Account Service Manager to be your personal consultant who will also serve as your mentor and trading partner, will answer all your technical questions and with whom you can talk live over the phone, email, chat or any form of communication available. other than that, the site also offers the following: background information for the Forex market, Guided-Tour, seminars, one-on-one training, CHAT, telephone support, as well as other assistance tools, including technical support; enables users to start trading immediately and with no software required to download you may login to your account and trade anytime, from anywhere; allows you to fund your account with your credit card, so you can start trading immediately, regardless of banking work days or hours; uses the latest highly sophisticated and advanced technologies in order to offer you up-to-the-second quotes; and If you are a frequent trader dealing in larger volumes, they offer tailor-made account to suit your exact needs (spreads, leverage ratio, mobile-phone alerts, etc.....) I have been trading forex for over 7 years now. The best way to learn forex is by trial and error. Yes you need to learn the term at least to get you started. But the best to learn is by doing it. First download a demo account for practice. Then get yourself an easy to follow forex system. Joing a forum where they discuss forex trading. Caution not to become a holly grail chaser. There is none. You need to build your own way of trading. Trading software that promise to trade for you (SCAM) do not buy them. NONE WORKS. (they would not have sold if it works for real) Finally practice , practice, practice. #1 advide that I would give you is not to be greedy and jump in the matket with real money. Trust me you will fall. I am not trying to scare you away, but I am trying to help you make the right decision. You may also consider a trading system that you can follow and trade regularly so you can have some discipline. I am open to provide any assistance you might need. Just send me an email. I trade everyday and post my trade result on my blog. Forex trading-http://tradingsforex.info/ www.forexpeacearmy.com

What are conditions of trade that make forex market necessary? -

Forex trading gets an edge over other investment avenues.There are pood reasons for this-It is single largest liquid market in the world with trillions of dollars being traded every moment.Its works 24 hours a day and you can trade from any where in the world. And it has not severe regulations as such.You can trade with minimal capital also. Any genuine forex trader will tell you forex is no place cut teeth as a newbie.Forex is highly risky and volatile.That is one of chief reasons why people trade thro brokers.I have been trading thro my broker AVAFX for close to four years now. TO get started.... you need a free software to download and it is freely available at http://www.new-forex-trading.blogspot.co...

How the retail forex brokers operate and what they do with the client money? -

They hedge themselves on the quot;realquot; FX markets - by actually trading the amount of money you dealt with in your trade. As most internet FX trading is all geared, most of the reputable FX dealers are associated or partnered with a back or investment bank that guarantees those quot;loansquot; in your leveraged trade. They keep client money in a trust account, if you are profit and you close out your position, you get paid your profit and your capital returned. If you realise a loss, you pay out the loss out of your capital and more if you aren t protected. Some brokers trade quot;nakedquot; but I d rather stay away from those kinds. That is without hedging their position in the market or by executing the position that their client takes in the market. Unfortunately, a lot of them are scammers, be careful who you use: