Forex Trading 101

For the past month I’ve been researching about Forex trading and I actually opened an account with a broker. I’ve been trading with fiction money so far. Anyways I really like it but I don’t really know anything about reading graphs, signals and all that so what I want is if anyone could help me find an online course or audio books e-books or something for beginners that know nothing about the subject like myself that I can buy to study and learn in my free time and hopefully with enough information start trading with real money and obviously make profit.

Anyways thanks for the help.

I recommend that you start by reading everything you can at your local bookstore on Forex, and stock trading. You probably won’t find a strategy that you can start using right away, but it will give you a good introduction.

Then, just start playing with the demo account and see how you do. The best strategies are the ones you develop yourself with years of experience.

currencies of interest include the Euro, USD, AUD and JPY

As a 10+ year Forex trader, here is how I trade to make money…

If you want, you can also follow these steps. I’ve dumbed it down to the easiest, yet safest way to win in the Forex.

1) Open a live account at http://bit.ly/iPV25O
2) Select AAAFx broker, and open MICRO account with 200:1 leverage.
3) Deposit at least $300 in your account to start.
4) "Add to Portfolio" the top 20 strategies at http://bit.ly/mJiyZV
5) Don’t add any strategy that makes less than 10 average pips per trade.
6) …when adding strategies, set maximum number of trades to 5, and…
7) …select lot size of 0.1 "mini" lots for each $1000 in your account.
It will trade automatically, following all those top 20 strategies.
9) Then sit back, relax and take a vacation as you make easy Forex money.

I’m Looking for a good forex social to join. does anyone have any ideas for a trader like me , im looking for free forex education and free forex signals and a place where i can post my ideas to a forex forum with out worry about it getting edited by a moderator with a grudge…..

try einvestorsforum.com

Hello everyone.

I am a full-time trader and make a living trading the market. I believe that continuous interest in learning and improving ones own skills is vital to survive the market.

I am on a kind of a quest to see which methods newbies, part-time and full-time traders use to profit form the market. That will be a great may for future readers of this post to learn some successful methods that they may be able to use in the forex market

I use a very simple method taught to me by a very successful trader. Ive called it the "Daily Reversal Method". It uses the daily limit a currency can move in any given day. This is one of the simplest and most accurate method i have used so far as it takes into account true market conditions etc…

If you want to learn more about this "Daily Revesal Method" , you may do so through the following link www.forex-trading-domain.com/daily-signals.html

Again all your input will be greatly helpful. Looking forward to see what kind of trading works best for you
Ash Naeck
www.forex-trading-domain.com

The best forex trading method is

Fast Moving Averages Crossover

* rading systems based on fast moving averages are quite easy to follow. Let’s take a look at this simple system.

Currency pairs: Any

Time frame chart: 1 hour or 15 minute chart.

Indicators: 10 EMA, 25 EMA, 50 EMA.

Entry rules: When 10 EMA goes through 25 EMA and continues through 50 EMA, BUY/SELL in the direction of 10 EMA once it clearly makes it through 50 EMA. (Just wait for the current price bar to close on the opposite site of 50 EMA. This waiting helps to avoid false signals).

Exit rules:
Option1: Exit when 10 EMA crosses 25 EMA again.
Option2: Exit when 10 EMA returns and touches 50 EMA
(again it is suggested to wait until the current price bar after so called “touch” has been closed on the opposite side of 50 EMA).

i have serious problems in trading lately, been consecutive losing for few months, no confident to trade at all, please let me know if there is any good forex signals out there. Thank you.

Hey there,

It might be very difficult to find a good forex signal service out there. but i still belief there is some good service out there, at least i am following one (Forex Vice). I am not an affiliate or whatever, and i will not give you any affiliate link. if you are interested you can search for their website, i have been copying their signals for 4 months, and all 4 months are very profitable. And their money management strategy is quite good, so you don’t have to worry they will lose your money either.

Yes, well actually it’s not software, but it’s the world’s largest site for Forex strategies, right here: http://tinyurl.com/3tcla4v

I would suggest you follow these steps:

1) Start with a demo account at that site.
2) Follow at least 10 strategies, but I recommend you follow the maximum 20, as this gives you the most diversity and stability. More strategies = more stability.
3) Trade at least 1 or 2 months with profits before you go live.
4) When you go live, don’t put all your money in it. Start with as little as possible, with the smallest micro accounts, but where you do have enough funds to follow all the strategies so you get the diversity benefit.
5) Get a months profit on the small funds before you begin to add more funds. Gradually add funds, waiting a month between each increase. This gradual entry helps avoid any way you could lose all your money simply from an initial miscalculation. You can’t lose money you don’t put in.
6) The key to Forex trading is good strategies (which the above site will give you), and then small lots (don’t over trade), and getting in very carefully. Also be sure to frequently monitor your strategies you are following, and remove any that begin to perform poorly, and replace them with better performing ones. It’s a small amount of work, but I do recommend doing it once a week to keep things optimal.

Remember, the key to the Forex is not getting in, but STAYING in. Not how fast you get your money into it, but how long your money stays in. Patience and small lots are paramount. Feel free to private message me if you have any questions.

If you are interested in forex auto-trading check this unique free service
Zulutrade Auto Trading Service

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Or

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Guys… I had searched many way to get free signal of forex trading. All are driven me to the same point, that is paid one. As a newcomer in this trading, It wud be a huge help to get that guideline.. Any experienced one here in this field..?

try dailyfx and forexfactory sites.

I’m new to forex trading and want to know if there are any reliable forex trading signal software out there?

If you are looking for the best forex software, use this software

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If you have further issues or concerns, please write or call. I would be glad to assist you.

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Forexnext.com
Tel: +91-44- 22241214
Mobile/SMS: 9841234504
Email : signals@forexnext.com
Website: http://www.Forexnext.com | www.sunpips.com

Address :

T-2 Navins Baghya Nivas, A20, 100 Feet Road, Hindu COlony, Nanganallur, Chennai – 600061

S.Arvind
Founder, www.forexnext.com / www.sunpips.com
Technical & Fundamental Trader
Introduction Broker ( IB ), Alpari UK.

Thanks I learned in Forexnext.com and earn $142 in my first trade. Thanks a lot.