Do any companiees teach online forex trading?

Some forex brokers offer demo accounts with virtual money, so you can trade for free and see how it works. Many forex experts are against demo accounts as it is possible that the results are not realistic.

Some online forex brokers also offer free support and free 1 on 1 training as you start real forex trading. Check out the source below:

Forex is risky, so only invest what you can afford to lose. Also avoid using very high leverage. As it can bring you large profits quickly, it can also whipe your account clean before you even know it. If you invest large amounts of money, trade with leverage 1:1 (only your invested money) and don't trade with more leverage than 10:1. If you invest small amounts of money, you'll need higher leverage to make a profit. In this case don't go beyond 100:1. Greed can be your enemy No. 1.

Hope this helps!

Regards,

I am interested in trading forex with www.odls.com as forex broker. Any comments about this broker. Can anyone suggest a better Forex broker.

I haven't heard of major problems from them yet. I have been trading forex for about a year now, I have had my ups and downs, but I like it better than investing with stocks or options. What really helped me was the information I got from this company when I realized that I was loosing more and more money each day on the stock market, so I decided to try out forex trading. After the information I received from them, my perspective on the forex market changed. I gained confidence wth my trades and it helped me become a smart trader.

http://intelipath.andreaskir.hop.clickbank.net/

Specially from the viewpoint of forex data mining, analysis and reporting, which currency trading system meets your needs for a "power tool"?

Talking from pure, personal trading experience, nothing comes close to Forex Tracer. It's fast, seamless, sophisticated (works like joy with my broker a/c)… and almost gives you the feeling that for forex currency market trading, you're in charge of a very powerful 'profit predictor'.

I admit, I have my own methods of forex automation, but the truth is I never look beyond a single power tool for a forex signal generator (or software). It's a system that's proven and works for me. That's the only thing that counts.

I want to start trading forex, but i've noticed there are several trading brokers/platforms. Can you please tell me which ones are the best to use and why? And more importantly, your experience with your choice.

Thanks
jackson

I use Interbank FX and GFT. I don't find their spreads to be any better or any worse than anyone else but I appreciate their customer service and user friendliness of their apps.

InterbankFX has another cool feature and that is the ability to use their credit or debit cards in order to quickly access money from your account. One word of caution is that all brokers make it very each to put money in….and many make it extremely difficult or time consuming to get money out. I guess they like that float.

The third reason that I like Interbank FX is that they have actually developed an EA for us that monitors my account balance and automatically closes all my positions and locks in my profits using either a profit target or a trailing stop setup. It is very cool waking up and seeing that you have just made $800 while you were asleep.

Lastly, we have negotiated institutional interest rates with both of these firms that are not available to other retail clients.

I hope this helps.

paul

I'm after a book introducing me to the inner workings of Forex trading. I've taken a quick look at a few books, but they all appear to be written by people that make a living from Forex trading, rather than writing about how to do it & providing seminars?

When you Google or Wikipedia the authors, you don't seem to find a lot of information about them, other than they have written a book!

Generally I find that people who make a good living from forex won't write a good book on forex or do seminars. They might write some short reports on their secrets or develop some software that they feel is revolutionary.

Being successful, I guess they don't have the time or the motivation as a normal writer or educator. However, I found that some of these reports by the successful traders are more useful than a basic book on forex. They go to the point of what matters, ie making successful trades rather than theory.

Forget those courses. If it was that easy, everyone would be doing it.

A guy in France just lost 7 billion. People lose their shirts every single day because they are going into options, forex, etc., without knowing what they are doing.

Get a good beginners stock trading book, and plan on making money over the long term. That money you spent on a course would be better spent on some decent stocks.

But, if you have not invested in an IRA, 401K or Index Funds first, you have no business buying individual stocks.

Background: Fundamentals, with an investing strategy out of the Graham playbook (by distressed, unloved or otherwise underpriced securities). Risk is minimized by having a margin of safety, higher upside than down, and by buying into companies that can be understood and predicted down the line.

However, finding a good opportunity tends to leave at least some cash floating around. Aside from dumping it into a placeholder stock like BRK.B, moneymarket, etc. I am interested in utilizing, to some small degree, daytrading.

Basically:
(1) How is risk managed in security day trading? Forex trading?

(2) Do the few successful traders operate by intuition or determinism?

(3) How wide of a scope to most traders take? Ten stocks? One hundred? All of them? Similarly, how wide of a scope do forex'ers employ?

(4) Is there a way to get a hold of raw market data, outside of the wacky software like eSignal, etc?

Please do not try and pitch a trading system. Thanks.

Once you are able to learn the basics of online trading, you won't need to ask for specific details like the ones you ask. You would know how to figure out the answers for yourself. And of course, be able to trade profitably on your own.

A Free Basic Hands-on Training is available at http://finance.groups.yahoo.com/group/currencytrader/.

I've only had experience with the MarketAxess Fixed-Income trading platform, but am interested in setting up a demo account with FOREX. Any thoughts?

I’ve been using the FreedomRocks system and have came across a lot of posts on various forums and wanted to share my personal experience. First of all the system takes the guesswork and emotion out of trading on the Forex market. It’s a proprietary system that does 95% of the work and takes a few minutes per day to manage.

As we all know even experienced Forex traders can make big mistakes and most people end up loosing all of the money that they invest within the first couple of months. Unlike most forex programs FreedomRocks is not attempting to guess which way the market is going to move because quite frankly no one can predict that and that’s why the majority fail.

Let me emphasize that this is a long term investment strategy and not a get rich quick program. It’s a very simple and easy system to understand and I’ve never seen any other program where someone with no prior trading experience could invest in the market and actually be profitable.

The FreedomRocks system represents a complete paradigm shift from traditional Forex investment practices:

- The automated system does the trading for you

-No charts, no graphs and no more Guesswork

-Spend only 20 minutes per week managing your account

-Structures your trading: Buy Low/ Sell High

- Allows you to collect daily interest on leveraged money

-100% control over your money

I believe that this is the best system for trading on the Forex but of course I don’t expect anyone to take my word. I would encourage anyone looking for a smart way to trade in the market to take advantage of the 15-Day free trial so they can experience for themselves how it works.

For More information check out: http://www.yourforexinvestor.com

* I’ve also created a worksheet to assist people in setting up their account using the system so if anyone be interested I would be more than happy to share it.

Best Regards,
Brandon Wells
877-773-5345
bjwells@yourforexinvestor.com

p.s. I personally like the GFT platform but you can use any platform you choose.

My Top 3 Forex Trading book(s)
* 'Forex Made Easy' – James D.
* 'Forex Revolution' – Peter Rosenstreich
* 'New Trading Dimensions' – Bill M Williams

Combine these with an online forex trading platform like Forex Tracer and you're good to go. Start small, be realistic and have a monetary goal. Of course, a level of experience and mentoring is critical as well to your success.

Know that forex trading is risky but is also very profitable. Nothing ventured nothing gained. It's easy to get started with a demo account that 'simulates' real world forex trading, so you can learn the ropes from there and move on to actual trading. It's really not as hard as you think.

Give me your opinion and some details…looks too simple and then again, it is an infomercial but i'm curious nonetheless.

its a total scam they want you to pay big money to use there software. dont get me wrong there is some useful info at these events but everything leads up to a sales pitch. and they will even try to lower the price just get you in . theres no easy way to make unless you rob a bank. the only way to be sucessful in forex is to study as much as you can and then when you feel comfortable then open up a forex account. i used a practice account for alittle over 1 year before i traded my own money