does anyone have good expeirence with forex trading and would like to share it with me.?
Friday, August 28th, 2009 at
8:46 am
As i would like to open a live Forex trading account soon and need some advice, and does anyone use Forex signal companies and which one would you recamoned.
REgards
Tagged with: forex signal • live forex trading
Filed under: Forex Companies
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hi, you can try easy forex. the pioneer in forex market.
http://www.bernanke.cn/easy-forex/
good Luck !
wish you make a fortune!
Yes i do trade forex, are you thinking of going into it ?
Like all things some people make money some people dont. If you are, please try a demo first for at least 4 to 6 monts. If you cannot resist the temptations of "paper trade", to see all the profit you could have made but only on paper, you can start off with a mini account. I use FXCM. There is a demo version of it here http://www.geocities.com/lcming/Forexbooks
Please do live trading even on mini after maybe 3 months of demo and you feel you have a sufficient feel of the market. To start off dont be too ambitious. Just cover maybe 1 major currency and a secondary currency.
After you have a feel then maybe you can get some tools to help you like forex signals. To start off with it would just confuse you. http://www.geocities.com/lcming/Forexsignals
Forex is a very taxing mental game because it never sleeps, its 24/7 so you have to know basically when you want to trade. Dont chase the trading times, Oick one that suits you. The market is always there. If not it would be "sleepless seatle". For a chart of trading times that suits your city you are living in check out http://www.geocities.com/lcming/Forexhome
Forex trading is built on 3 legs, Psychology of trading, Money Management and Technicals of Trading. All 3 must be balanced to be successful. Many people concentrate on the technicals becasue its something they can "touch and feel". But most times in trading you cannot control most of all the thing that will profit you or bankrupt you " The Prices", controlled ultimately by thousands if not millions of people like you and me plus the central bankers, the govt that prints money, and your local provision shop and banker. Good Luck ! May God Bless You !
* Start off with Dr Alexander Elder’s "Trading For a Living" – great book that helps avoid every reinventing of the wheel. At least psychologically
http://www.geocities.com/lcming/ForexForex
Yes, DO NOT USE MARGIN!