If you have a simple forex trading strategy that is very easy to understand kindly share it please. No commercial products.

Asking people for a simple Forex strategy is like asking people if they have a simple method for playing poker that will allow you to win playing poker experts. There is no simple Forex strategy that works.

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 using a "simple" strategy.

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.

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.

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In the platform and in the payment.

FXCM is one of the reputable forex brokers out there, which I would say is rather trustable.

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Forex trading is the trading of buying or selling certain currency. For example, buying US Dollar, then selling it later at a higher price to gain profit. Forex traders may also first sell US Dollar and later on buy it back at a lower price with the same gaining profit. It’s simple strategy of selling price minus buying price to make profit. In Forex trading, we just treat currency as a good, buy it and sell it.

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Forex trading is a high risk high reward investment. With leverage of up to 400:1 you could double your investment in a single day and wipe out completely the next. The trading method and style you use along with your risk profile will determine just how much can make. The only true way to determine this is to begin trading and keeping accurate records of your profits. Some of the better traders make around 7% per month because they only commit a small percentage of their capital due to the volatility of the market.

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So I have been trading Forex for a while and to be frank with you I am fed up. Is there any way I can automate this, it sure would make my life easier.

he answer is yes, automating the Forex process is as simple as downloading a tool. I had many succesfull campains running this program http://bit.ly/OCwaB you'll love it.

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Might be nice if someone can simplify how it works. I am also looking for an automated forex trading system too.

There is NO automated forex trading system that work, else everyone is rich. You have to learn it and master the necessary skill to be successful in forex trading.

Good luck.

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I need to know how to make more money with Forex, investing less money for more profits.

I also enjoy forex. I have tried to learn it before. And I have found that it is not for anyone who are don't like testing after testing. Forex is a beast. You just can't tamed a beast with your barehand.

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Stocks & Commodities V. 24:5 (34-38): Forex Focus: Bearish P&F Formations by Cornelius Luca Access to foreign exchange trading has opened up exciting trading options for the retail trader. You can now trade alongside corporations and institutions in a highly liquid market that is global, traded around the clock, and highly leveraged. Before jumping into this market, however, we must understand the factors that affect the forex market. With that in mind, STOCKS & COMMODITIES has introduced Forex Focus to better prepare the retail trader to participate in the currency market. BEARISH P&F FORMATIONS Previously, we looked at how point & figure charts could be applied in a bullish currency market. This time, we will look at how the technique can be applied in a bearish one. Breakouts of lows, descending formations, and downward breakouts of support levels are all examples of what you can find in a bearish market. Now, lets take a look at how we can identify these formations using point & figure charts. BREAKOUT OF A TRIPLE LOW The breakout of a triple low is formed by two consecutive declines, which stop at the same support level, followed by a third one, which manages to break below this line. Figure 1 shows the price structure of a breakout of a triple low. In this diagram, the sterling/dollar consolidated in the range of 1.4690 to 1.4740, or six boxes. The first two selloffs failed at 1.4690. This support gave way during the third attack and the currency extended the selloff.

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Trading the Forex Market can be exciting, adventurous, and financially rewarding. It can also be disastrous for those who are unprepared for its rhythms and movements.. .

Now, Jared F. Martinez, one of the foremost experts in currency trading, draws upon his vast knowledge and experience to deliver 10 key practices for trading in Forex. “The 10 Essentials of Forex Trading” shows you how to use charting methods to effectively relate market movements to trading patterns-and turn those patterns into profit.. .

No matter your level of trading experience, you can develop the skills you need to become a consistently successful foreign currency trader-from using the right trading tools and balancing equity management to trading in buy and sell zones and identifying trends and trendlines. You’ll discover what drives the Forex market and how to navigate the three stages of Forex trading: acquiring new trading rules, controlling disciplined thought, and implementing disciplined action.. .

Martinez also prepares you to: . . Understand the financial game of support and resistance between Bulls And Bears. Use Japanese Candlesticks to discern the sign language of the market. Create an entry strategy and a consistent exit strategy. Use Fibonacci as part of your trading approach. Forecast sideways movement in the market-and trade it. . .

Martinez shows you how to put it all together to execute a successful trade by finding convergence and analyzing the market on multiple timeframes. You’ll also learn how to gain control over your emotions-a vital part of trading on Forex-and eliminate bad habits that can prevent you from becoming a confident, competent, and profitable trader.. .

Totrade the Forex market, you must come to the trading table prepared. “The 10 Essentials of Forex Trading” arms you with the tools to develop a solid personal trading constitution and reap the financial outcome you desire.. . . .

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Hi all,
Is forexwebtrader a good forex broker? Have you ever use it to trade forex ? Please share your experiences, good or bad, while using www.forexwebtrader.com

I am looking for forex broker that offers low minimum deposit of $25 through Paypal, using metatrader platform, best if it is regulated. Thanks

forexwebtrader is an excellent forex broker. They provide low minimum deposits and an easy to use platform.

I have personally traded with them and have heard good things from others who tried their system.

Given that they require such a low minimum deposit it will be easy to leave if you are not happy with their platform.

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