Forex Guide answers:

The most important step is to find the right forex broker. I have reviewed some of the best forex brokers at http://www.forexlane.com/brokers.html

Forex Guide answers:

It depends on the broker. With some brokers you can even have a cents account (though I personally do not believein such trading). Search for a broker that best suits your trading preferences and ask them their minimum amount requirement.

Forex Guide answers:

Check for that http://www.ehelpp.com/
i hope that resolve your problem keep using answers.yahoo.com

Forex Guide answers:

Check it out here. It’s an excellent site with some wonderful options for you. It will definitely help you. Have a look.

Http://investments-insurance.we.bs/currencytrading.html

Forex Guide answers:

Since you are only starting small, I see no harm as you have at least familiarized yourself with forex trading.

But generally the amount is too small unless you make at the beginning. Forex trades are never consistent and you can have dry spells.

Forex Guide answers:

My best advise to you — don’t do it. This is strictly for professionals and they don’t even get it right sometimes. You’re more likely to lose than gain.

Forex Guide answers:

Maybe, but you need to have good risk management skills because successful strategies tend to become less useful over time.

Sometimes people can make a living speculating for a year or two then lose all their capital in a short time.

Forex Guide answers:

Try with this Forex trading simulator

http://www.bullbearings.co.uk/fx.trading.guide.php

It’s online and you can register for free, they give you a credit of £100,000 to place your trades. This site also has tutorials and advice. I started using it for stock trading but now I am hooked up with forex

Forex Guide answers:

Yes… Saxo Bank..

Download the free demo platform to your computer.

Forex Guide answers:

Lots of stations -

fxcm.com
gftforex.com
forex.com
speedforex.com

To learn about forex trading, you can go to -

http://the-forex-trading.blogspot.com

Forex Guide answers:

It highly depends on your broker, that is why I use IBFX since they have a deal with Zions Bank to transfer the earning directly to your bank account in a matter of minutes.

Wire transfers is the main way to get money out but it those take some time.

Forex Guide answers:

Demo account lets you practise trading technique and strategy without risking money. No you cannot profit from a demo account. $50,000 or $100,000 in virtual money from a demo account is worth $0 in the real world. I suggest you risk some of your own cash and capitalise from the opportunities in forex trading.

Forex Guide answers:

Often a broker will offer a free signal service only to live account holders. In that case, you could probably open a live account (you might have to make a deposit) and use it to see the signals, but only trade on the demo account so that you’re not risking any money.

Forex Guide answers:

Try to open an account at Plus500. You will get $50 bonus without deposit.

Forex Guide answers:

You can try Oanda.com, they have a web based trading system where it run directly from your web browser, no installation necessary.

Forex Guide answers:

Hi
all most all fx will give bonus to $1000 but read their Terms and conditions.i am not sure if zecco is real fx company.here you can find a list best forex trading platforms that most traders use
———————–

http://forexplatformslist.com

———————–
good luck

Forex Guide answers:

Bear in mind that Forex analysts and brokers charge a fee for their service. Forex signal trading brokers may only monitor the more popular currencies such as EUR/USD, USD/JPY, GBP/USD and USD/CHF. However, for a higher fee you may be able to find Forex signal services for less popular currencies and pairs. Basic subscriptions to Forex signal services will send you alerts about the best times to buy and or sell.

If you happen to have a higher level of subscription then you will be alerted about the buy and sell times by pager or cell phone. There are also levels of subscription that will provide the subscriber with live Forex charts. The minimum subscription fee is usually a hundred dollars a month.

You can simply generate the forex trading signals by using an “Automated FOREX Trading Systems“. You can get these Forex Trading Systems for a one time low price not more than 100$, in the sense that doesn’t even cost you a monthly fee of your subscription for forex trading signals.

‘Forex Trading Systems’ are the best way for anyone to invest in the foreign exchange market. There are trading systems that are ideal for every type of forex trader. Easy to use, informative and beneficial are the key factors to consider before putting your foot into the trading pool. Simple ‘Forex trading systems’ are big business. Invest in the right one and you can make big currency profits and get the cost you paid back many times over !!

…If You Want To Learn More About A Successful Forex Trading System, I Suggest You Take The First Step, by going here: http://shurl.net/5MC

Forex Guide answers:

Hi,

1- There are a lot of websites with free information about forex:

http://www.babypips.com/school/

There is also a good series of videos that were used to be free but unfortunately they are not free any more. You have to pay $10 for each but it does worth. If you watch these videos, it will save hundreds of hours of your time:

http://www.fxclub.com/video-en/

Also at http://www.weboma.com/category/forex/ you can find free daily/weekly signals every night.

Almost all of the forex brokers offer free demo accounts which you can practice with the fake money. Here is a small list of the brokers with free demo account:
1- http://www.interbankfx.com/
2- http://www.northfinance.com/
3- http://www.fxclub.com/
4- http://www.cmcmarkets.com/

The first two have MT4 platform. The last two have their own special platforms.

=======================

2- You can start trading forex with as low as $100. The leverage is 1:100 but you can also find 1:400 leverage too. If you learn forex properly, you can double a $5000 account every month and there are forex traders who make much more.

As you have been a stock traders, you will learn forex much faster and easier because 99% of the techniques are the same.

=======================

3- For Canadians CMC Markets is the best option:

http://www.cmcmarkets.ca/

=======================

4- It depends on yourself. You can trade wisely or you can gamble with your money and lose it easily.

There is a higher risk than the stock market because the leverage is higher.

=======================

5- There are some legitimate ones but you don’t need them. You can easily learn technical analysis and find buy and sell signals on your own. It is not hard.

Best regards,
Vahid
http://www.weboma.com/

Forex Guide answers:

Many people told me that investing in curriencies is the hardest way of investing, because it doesn’t have clear direction. Bullish or Bearish is hard to detect. However, there was the two big crisis, 2008 global crisis and the EUR crisis mid of last year. Many people who traded forex frequently, made huge profits from trading Dollars, and EUROs, simply because last year they could buy year at a 10-Year record low.

Now adays, all eyes are on the Japanese Yen after the Quake..
So, i really give you advice not to trust any one in this kind of trading, because even proffessionals lose for unpredictible mistakes

Forex Guide answers:

I’ve read a lot about Forex, but I’ve never seen a proven profitable forex strategy, despite the claims of some scam web sites. Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words “Forex” and “lose” to see this is the consensus.

Forex is what we call a “zero sum” game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the “bets” in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.

Actually Forex is not quite a zero sum game. It’s a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It’s a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.

There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.

Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: “Go to Forexcrap . Com/q2347.” The “q2347″ is a signal to the Forexcrap site that you are being referred to them by “q2347.” If they sell something to you, “q2347″ gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.

I would recommend not trying to do Forex at all, unless you are a trained professional. It’s like playing poker with people better than you, with the house constantly taking a small percentage from the pot.

Forex Guide answers:

FX trading is not for the small investor. You likely will lose your investment very quickly.

Think of the other side of the trade. In your example of $250 investment, the ‘broker’ that will open such a small account is really just out to collect money from you.

You can’t check the interbank or get real time FX rates without a sizeable investment. The rate you get quoted from the ‘mini broker’ is often a made up rate that is wide — in and in favor of the broker. When you attempt to close your contract the fees and wide spread will wipe out any profit.

My advice is to steer clear until you have enough capital and experience to trade contracts with a reputable brokerage that will require a minimum capital level.

Forex Guide answers:

You can buy $100,000 worth of currency with $1,000 margin in a standard account. This would be the purchase of one standard lot, at 100:1 leverage. Or you can get 200:1 leverage in a mini account. Wo, how much trouble can we get into now?

Just because you “can” doesn’t mean you “should” trade with this kind of leverage. Trading stocks with 2:1 leverage is considered risky.

What most people don’t seem to realize, is that you don’t have to trade with leverage at all. Just put $100,00 in your account, buy one lot, and you have zero leverage. Or put $10,000 into a mini account and buy one mini-lot, or $1000 and buy one micro-lot.

You can see that by controlling leverage, trading the Forex doesn’t have to be any more risky than trading stocks or any other investment.

Go ahead and use real money to trade while you learn like most foolish people looking to get rich quick. But if you’re smart, you’ll trade a simulator while you learn for at least six months before you invest a penny. Here’s the simulator site:

Other Forex sites:

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

http://www.premieretradeai.com/

http://www.forextv.com/FT/Video.jsp?channel=41

http://umgarticles.atspace.com/forex-trading.htm

http://www.fxstreet.com/rates-charts/usdollar-index/

http://forex-trading.bluecollarnews.com…

Master trader?

Http://www.robbooker.com/

useful e books:

http://www.rapidforex.com/

http://www.traderssecretcode.com…

Http://www.1forextrading.com/

Forex Guide answers:

Maybe links at source below

Forex Guide answers:

Http://terranovaonline.com/

Forex Guide answers:

Even though I trade fx, the leverage part always kind of baffled me. Leverage determines how much margin you need to put up. For example in a std. Account, 1 lot = $100,00, so a leverage of 100:1 in a std. Account means $1,000 margin per lot. On a mini a lot is $10,000, so leverage of 200:1 is $50 per lot.

Let’s break it down. Let’s say you have a $100,000 std. Account with leverage of 100:1. Say as a rule, you only commit 5% of your acct. Equity to a trade. So, on a $100k std. Acct. You’d commit at most $5000. At 100:1 leverage (or $1000 per lot), that’s 5 lots you can trade. On a std. Acct. 1 Pip = $10, so on a 50 Pip move you have 50 Pips x $10/pip x 5 lots = $2500 or a 50% return on the trade.

On a mini account of say $10k, a 5% commitment would be $500. With 200:1 leverage (or $50 per lot), you can margin 10 lots. In a mini account 1 Pip = $1, so a 50 Pip move is 50 Pips x $1 per pip x 10 lots = $500 or a 100% return on the trade. Even though the $$$ profit is smaller ($2500 std. Vs. $500 mini), the percentage return is greater (50% std. Vs. 100% mini). So in a nutshell, the percentage return is higher. On thing you must remember $10/Pip on a std. Or $1/Pip on a mini only applies to a currency pair that the U.S. Dollar is in and only in the case where the USD is the quoted currency, such as the GBP/USD, EUR/USD, etc. (The first currency listed in the pair is the base currency and the second is the quoted currency). Where the dollar is the base currency, the dollar value per Pip is based on exchange rates.

Let’s take another example. Between 11/17 and 12/1, the GBP/USD moved 928 Pips. So let’s say you bought the Cable (GBP) using the above account sizes and leverage with committing 5% of the account equity to the trade. On the std. Account, 5% is $5000 with $1000 per lot margin would give you 5 lots. At 928 Pips, you would make $46,400, or 828% return on margin (46.4% increase in account equity). On a mini account, its’ $500 with $50 per lot margin or 10 lots. A 928 pip move is $9,280, or 1,756% return on margin (92.8% increase in account equity). In other words, the dollar returns were higher on the std. Account, but the percentage returns were higher on the mini account.

But beware, the higher leverage works both ways. Hope this helps.