At the moment I have around $400 dollars that I could towards investing, but I really do want to read up on it before I start does anybody have any ideas on good practise sites, or books that I should read. I would prefer a more active style of investing (day trading or forex or something)and I would like to know if there are any good canadian brokerage firms

I agree with J. $400 is no way near enough for an active trader - fees alone eat up a big chunk of that. Keep saving, put more aside and then buy funds of funds until you have more behind you.

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I have done well day trading stocks but have no
knowledge of forex. Do some individual traders
do well consistantly

Yes but not using forex brokers themselves.They are setup under a business model of keeping peoples deposits.They are not compensated purely from pip spreads as you would beleive.Think about a broker such as InterbankFX.They have offices staff payrolls overheads.There is no way they could turn over enough profit to sustain that from just pip spreads.Like an introducing broker.Forex is off exchange meaning unregulated.It means its a private loan agreement essentially they could just keep your money.Futures commodities and stocks are ok because they are heavily regulated.But only way to trade forex properly is through a bank sending bank wires purchasing and selling converting currencies.And for this you would need at least $20k to trade one pair such as AUD/USD.$10k of each currency.And you would need a company LLC in the USA because foreigners cant have bank accounts.Corporate is ok.AU they can have them.And of course if you lived in AU you would need netbanking with enough pay anyone international access as you wouldnt be able to go into a USA bank physically.And the same if you lived in USA you would need pay anyone international access to your AU company account to send and recieve wires etc.This can be done but why bother when there is futures stocks and commodities.Cuurency futures are fully regulated no risk of scams.

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I think the http://www.makfx.com/en is the best forex broker ,you open an free account and then you can get $5 cash reward without any fund deposit .You can also chat in the platform with other traders ,so you can learn more from it .i just trade at it for 2 years ,use the 5$ the reward me ,now i accumulated it to $2252.

You can get some thing about turorial at http://www.forexfactory.com

Good luck my friend .

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Also a good but affordable Forex training course in the UK

A great book I know is Bird Watching in Lion Country reviewed below

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Hello i want to invest money in forex market.What is the best service to select form.I need some practice also.Does they give bonuses for account opening?

Hi Kishore

The question is not very clear so I can just guess and advice you with my personal experience.
If you are based out of India and wish to open a FOREX account you have lots of options like there lots of multinational banks which can open account for your overseas to deposit foreign currency & they will convert in Indian rupee.
Being an Indian based in Canada, I am using Citi bank’s NRE service which they provide to NRIs’ who wish to deposit money for their families back home. They provide the all the banking facilities (debit cards & branch dealing) to one family member in India. They also offer good service for Forex trade as well.
Apart from that ICICI & SBI are providing the similar kind of services but they are not very popular in overseas.

These all banks deal big time in Forex trade. You can invest your funds & get good returns as well.

I am not sure what service would suite you but you can certainly submit your query with the bank & for Forex they would contact you because they need money too.

Let me advice you to not believe in small forex brokers as most of them are cheaters.

All the best in your research.

-Purav

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I am a full time US option trader.
Looking for online courses on FOREX
Reputable company,speaker/advisor.

Any advise will be great

The top forex trading companies with top trading platforms and also have easy webinars or on line seminars, live representatives who will be able to explain and help out with any needs or concerns. No Robot systems to talk to either.

http://www.gftforex.com/

http://www.fxcm.com/

Hope this is what you are looking for.

Enjoy your day,

TS

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Here In Forex Market Lot Of Trading systems Are There But Recently Rated #1 Robot is IvyBot automated trading System One of the best Feature is Simultaneously Trading Itself 4 Currency Pairs . It shown 98% Proven Robot

Here Is My User Review

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I am a Software Engineer and i would like to invest some of my money into Foreign Exchange. I also did a little survey for the best trading platform, but to my surprise i found a huge list of forex traders. Guys can you help me in finding out the best one for me.

MT4 (MetaTrader4) is the only platform that you can implement forex robots and just let them trade automaticaly for you.Anyway there are platforms that have different functions.What you should look when searching for a good platform is:
-to be fast on opening and closing positions
-to be able to trade directly from the charts
-to provide technical analysis tools and information
-let you "hedge"

Except MT4 i secondly recommend the FXCM platform

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Investopedia.com
babypips.com
For books, try Forex for dummies.

Hope this helps.
Jim http://jsforex.blogspot.com

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I’ve seen references to Forex investing. Could someone provide details on it.

Foreign exchange is changing one currency for another as they fluctuate in value against each other.

Here’s the simplest example I can give you. All the numbers in this example are completely made up, and do not indicate real exchange rates. Here we go:

Imagine that you’re in San Diego, ready to cross the border into Mexico for a day trip. You have $10 US in your pocket, and must change your money for Mexican pesos at the border. The current exchange rate is 5 pesos per dollar. So you end up with 50 pesos in your pocket.

You stroll around for an hour, don’t buy anything, and decide to cross the border back into the United States. Once you get back however, the exchange rate for dollars/pesos has changed. It is no longer 5 pesos to the dollar. Instead, it is now 2.5 pesos to the dollar. Bad news, right? Maybe not.

Remember that you have 50 pesos in your pocket to change back into US dollars. Now, every 2.5 pesos are worth $1. Therefore, 50 pesos divided by 2.5 = $20. You get $20 back for the 50 pesos.

You started out with $10, and ended up with $20. That’s how foreign exchange works.

Let me quickly add that the example I just gave you is an extreme one. You won’t ever double your money in one transaction like this.

However, although the numbers are exaggerated, this is exactly how foreign exchange works. And, via the internet, you don’t actually have to cross any international borders. You just do it online from home.

And as for the "Forex For Dummies" book, don’t bother. I read several books when I first started out, and of all those books, the For Dummies book is the one that I found to be least informative, by far. It had kind of a just-thrown-together feel to me.

And DON’T pay someone thousands of dollars to learn their system. If their system worked as well as they will tell you that it does, they wouldn’t need so much money from you, would they. They’re just scam artists.

If you email me, I can give you some general pointers. Ultimately though, you will develop your own trading techniques that will be unique to you.

Realize that this is not an easy market to learn. If you do learn it though, you’ll make a lot of money from it.

Good luck to you.

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