admin answers:

This may be a good site to just get an over view.

Straightforex. Com/courses/course/view.php?id=2

forex trading is tricky and can be risky so getting a firm understanding is a good idea before investing (of course that holds true for any investing)

good luck

admin answers:

There are a few out there, but the best one I have found is by a guy named Nial Fuller. He is some great price action instructional videos on youtube and a bunch of videos on his website too. I have found has price action trading course to be invaluable and I only wish I had found it years ago. His website is; www.learntotradethemarket.com . Check it out.

admin answers:

You can let someone else trade your money for you, like Gary here, in any business. Just make sure they have at least a year of actual historical trades, not theoretical ones. He advertises how well he’s done in the last ten days.

Your question “Is Forex trading profitable?” should probably be rephrased, “Is trading profitable?”

Trading is very difficult, requires a good system, good timing, good execution skills, and nerves of iron. And so, it requires a certain amount of knowledge and work and experience that few people are willing to put into it. They just want to “get rich quick” on huge leverage, and 80% of traders blow out. If you’re just after the money, and aren’t excited about the “process” of trading, you will tire easily and quit, probably at a loss.

If you have good “trading” skills from trading stocks, you will probably be able to learn to trade anything, including Forex. If you have never traded before, don’t know anything about risk or money management, then the leverage will kill you until you learn.

Any professional would advise you to trade with a simulator for at least six months.

Here’s the Forex simulator:

http://www.expertworx.com/pm/Forex%20Market%20Educational%20Game.htm

Here’s a good resource for the stock market and a stock and option trading simulator:
www.investopedia.com

admin answers:

With OANDA, you can have no commission, tight spread, and lot as low as USD 1.

Http://fxtrade.oanda.com/

admin answers:

I just wanna say. The guy about me doesn’t know much about Forex Trading, but talks as if he’s an Advice expert.

The Advantage of Forex Trading is it lets you decide how much margin you are willing to use. If you choose a margin of 100:1 or anything higher, that’s gambling. If you choose anything below that margin and play very carefully with your money, you can make some very nice returns. How does 30 percent a week sound?

For starters, start out with as little money as possible. Why? You are bound to blow several accounts before you actually get the hang of it. Game accounts are good too, but the only problem with game accounts is you will probably not take it as seriously. Start out with an account of maybe $400. If you profit from there, Great. But even if you lose that money, at least you won’t cry over it.

I am currently making a consistent 40-50 percent return a month on Forex with a 50:1 margin. THAT’s HUGE. If I was trading without margin, that would be about 1percent. LOLX. Improper money management = gambling. Make good use of that margin, and you’ll be rich. Just do the math.

$2500 x (1.40)^12 = Profit in 1 year.
Profit in 1 year x (1.40)^12= MILLIONS.

All it takes is two years to become a millionaire in Forex. The only problem is only 10percent of people succeed, the other 90percent fail. Good Luck