Forex Guide answers:

In case you are looking for forex robots or automated system, there is NO such things that will work in the long run, else everyone is rich.

But if you are looking for guides especially on technical trading such as candlestick, MACD and so on, you can easily search it online. Good luck.

Forex Guide answers:

A few years ago, an academic paper was done showing that a random walk does a better job of predicting changes in FX prices than any of the existing macroeconomic models.

Subsequent research by Lyons and Evans shows that the one variable that does a good job of predicting future short-term FX prices is order flow. Order flow is like signed volume — where the sign is determined by who initiates the trade — the buyer or the seller.

Unfortunately, the only people with access to order flow are the traders at the major banks. That puts you at a distinct disadvantage.

In the mean time, the best way to find if FX prices will go upo or down? Flip a coin.

Forex Guide answers:

I’ve read a lot about Forex, but I’ve never seen a proven profitable forex indicator or 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 similar to 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. The net winnings of everyone combined equals zero. 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.

Read the warnings in the links below:

Forex Guide answers:

FXCM has several free charting version. Including ADX and stochastic indicators. Dont know exactly what you mean by sentiment but you can try FXCM. I have included a free demo version of FXCM trading platform video clip here. And a free utility Forex trading reality check tracker. Http://www.geocities.com/lcming/Forexhome & http://www.geocities.com/lcming/Forexbooks

Forex Guide answers:

Given the indicators are currently the most talked about Pro Trade Copycat.

Forex Guide answers:

At your age, you’re really better off studying and trading demo accounts until you have a few years of experience under your belt.

Forex trading can be a great career if you have a talent for it, but it’s also very dangerous. The emotional forces that take hold of you are extremely powerful, and if you start trading live, get on a winning streak, get greedy, and then start losing, you could lose everything. People have been driven to suicide that way.

I don’t want to discourage you at all, but you need to understand what’s at stake. You have time to become a very well-respected and successful trader and/or money manager if you put your education first.

Best of luck!

Forex Guide answers:

If you are a beginner then individual shares are the way forward – get a year of experience at least before moving to leveraged products like CFDs and spread betting. CFDs and spread betting are both high risk speculative instruments – once you acquire some experience if you’re located in the UK/Ireland/Australia I would go on with spread betting since spread betting and CFDs are basically identical products (but spread betting is tax free in the UK/Ireland/Australia). If in Europe or elsewhere I would stick with CFDs. As for forex, just don’t go there for now – margin trading with forex is too dangerous for starters as forex can have wild swings – if you do nonetheless still want to trade forex I would stick to relatively low leverage say 1:50

Forex Guide answers:

The reason for what you are seeing is because FXCM is one of the largest brokers in the world, so there are obviously people who don’t like them. They are not the best and not the worst. They are highly regulated which is good but their platform has some problems due to scalability issues…

Forex Guide answers:

Hello. Good question and not easily answered since there are literally hundreds, make that thousands of ways to theoretically determine and entry and exit point. Try to be careful and avoid all of those “plugin” strategies that are sold and guarantee you big returns on auto-trade. Typically ends up just costing you money.

What you do need it sounds like is a very steady, consistent strategy where you have specific rules of where to get in, where to get out, and how to put the odds in your favor on every trade. You have to realize you will lose, and lose on a regular basis. The key to good trading is to have a higher average win than loss, and have a high a win percentage as possible – clearly being above 50%. I like to aim for “2/3rds to 1/3rd” meaning win 2 out of 3 times, and average gain higher than average loss. Also, with forex, avoid trading the dead times — usually there’s only about 4-6 hours total in the 24 hours worth trading forex. The rest of the time your odds go way down.

Some more forex tips
http://www.netpicks.com/7secrets

Forex Guide answers:

You have a demo account with which broker?

If you are small investor higher leverage brokers such as FXSOL (400:1) or InterbankFX (200:1), FXDD or Velocity4x may be for you. For a larger investor, FXCM or a big broker/dealer may be better for you.

InterbankFX also allows you to use trading robots (i.e. Software programs) to trade for you.

That being said, it is best to learn technical analysis (read some good books by seasoned marketers) and study the markets using your demo account for a minimum of 2 months or longer before you begin risking cash on a real account.

As someone on this thread said, it is risky but the risk to reward ratio is much higher in FOREX because of the leverage.

I have alot of forex articles on my website that you may be interested in reading (you can download them all for free) before you risk any money in the forex market.

Remember trade with your demo account until you know your way around the market. Then prepare to make a killing.

I have put the articles link in the source below.

Best of luck in trading.
When I first started I blew out a $1000 account because I was too greedy and in a hurry to make the big bucks.
Since then I have invested a considerable amount of time learning all of the skills, watching the market and slowing down in my trading and now I am average about 20% per month.

So first and foremost, investing in yourself to gain the skills and tools you need to be successful as well as good money management are more critical than the broker you choose. (although you should pick a larger reputable broker as mentioned above)

www.huttoinvestmentgroup.com/forexarticles.asp