admin answers:

Save your money, the only thing books will give you is the basics, nothing more, not in any ive read. If you are looking for the best forex software, visit this site

http://the-best-forex-software-in-internet.blogspot.com/

This software is the best software that can help increase your trading profit and user friendly.

Best Wishes,

admin answers:

The foreign exchange market is constantly evolving. Currencies’ correlations with other elements of financial markets (equities, for example) change rapidly. Furthermore, breaking economic news has a major impact on the forex market.

By way of an example, witness the U.S. Dollar’s role as a safe haven currency during the 2008-2009 financial crisis. The greenback began to give back its gains against the euro and pound sterling as the global recovery progressed in the second half of last year. However, in 2010 these two European currencies have headed lower against the U.S. Dollar as the euro zone and, to a lesser extent, UK government deficit problems have come to a head.

The problem with forex trading strategy books is that they become obsolete the day they are published. A successful currency trader needs to be aware of the market and economic news trends impacting the forex market on a day-to-day basis.

Therefore, a far more effective resource than a book is a real-time FX strategy website like Around FX. The currency strategists at this website provide up-to-the-minute analysis of all G10 currencies and breaking economic news. They also source what FX strategists at the major global banks are thinking. This resource is also free.

admin answers:

My Top 3 Forex Trading book(s)
* ‘Forex Made Easy’ – James D.
* ‘Forex Revolution’ – Peter Rosenstreich
* ‘New Trading Dimensions’ – Bill M Williams

Combine these with an online forex trading platform like Forex Tracer and you’re good to go. Start small, be realistic and have a monetary goal. Of course, a level of experience and mentoring is critical as well to your success.

Know that forex trading is risky but is also very profitable. Nothing ventured nothing gained. It’s easy to get started with a demo account that ‘simulates’ real world forex trading, so you can learn the ropes from there and move on to actual trading. It’s really not as hard as you think.

admin answers:

I bought this book “Forex Hidden System” last week and it is a very comprehensive guide. Good for both beginners and those with some experience.

I like some of his strategies. Am in the midst of trying out. So far so good.

I’m new to forex but I have to do it as part of my job.

admin answers:

There are 2 different rates posted. 1 is the asking price (Buy) the other is the Bid price(Sell). As for buying or selling better, is best to stay with the trend( The trend is your friend). As for doing either I do both on news days. Like today. Place 2 orders place your stops and limits and wait for the news and the reaction to it, sit back and watch it take off. The link below is who I use. They have a great education center with alot of free stuff.

Crawl, Walk, Run. Sen. Clay Davis _ The Wire