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    My life has been distroyed by this internet scammers.
    Please help me out.

    You can look up for reviews on almost every Forex broker on http://www.forextopten.com/forex-broker.html .

    Also you can read the free ebook located at http://www.freeforexebook.org/ since it can give you good clues on how to find the few honest brokers on the market.

    I have heard that robots are good but also some are scams. I'm new to currency trading and want to get off on the right foot. Any help would be great.

    Don't use a robot. Many firms on wallstreet are able to make small arbitrage profits on currency exchanges because they have a direct line into exchange rate data. Your computer would be too far away and too slow for a robot to make you money. These arbitrage opprotunities are balanced out in split seconds. Insetad I would recommend doing research on the economies whos currency you want to exchange and then speculate how you think the exchange rate will move.

    August 15th, 2008 by admin

    hi there
    could anybody tell me where I can Speculate on a simple way without those Online platforms?
    and with reasonable spreads to?

    thank you
    I mean a Broker which gives online access and telephone service.

    forex.com is good.
    you may want to consider futures as well, which gives you much the same currencies you can trade, with small commissions.

    If I have the money, how do I make it grow in forex trading?

    Forex trading is just like any other financial investment tool. Takes money and some smarts and patience. Although their are a lot of perks with forex trading such as 24 hour trading, largest liquid market, and very high volatility, one should still educate themselves as you would on any type of investment. Unless you just do not care about your money.

    First I would recommend learning up on some technical analysis. Just search that phrase with "forex" in front and you will find millions of resources. Then educate yourself up on fundamental influence on the currencies. Everyone finds there own knack at trading the forex market so don't blindly fall into a so called forex guru's marketing trap.

    Such as call and put options. Also does anyone know about forex trading? What tax benefits or pitfalls might one incur trading options?

    Theoretically yes.

    However MOST people accumulate wealth by investing. Trading options or forex is speculating, not investing. In other words, it is gambling. You can be well skilled and educated and still lose your behind very,very quickly.

    Such trading is at the top of the risk charts, so yes, potential returns can be impressive but they come with a very sharp potential for a complete loss.

    When you invest in stocks, bonds or mutual funds, you still have a risk of loss, but the odds of a total loss are slim, and you usually have time to get out before suffering a huge loss (unless you are also speculating with high volatility stocks).

    Investing is not speculating. Investing combines an educated guess (no one really can guarantee a profit) with a moderation of risk. A lot of research shows that most investors do not do better by taking on higher than average risks. In other words, slower and steady wins the race.

    As to tax issues. There are no benefits to short-term trading of any security. In fact all profits are taxed at your highest marginal rate. This is one more reason why trading rarely results in huge profits. By the time you subtract ticket charges and taxes you have to have a really big profit for you to end up with a better after tax return.

    There are conservative strategies for options when combined with stocks you own. These strategies can add income to your portfolio without being significantly speculative.

    People build genuine wealth by staying out of debt, by spending less than they earn, and by investing the difference wisely. If you start this as young as possible and routinely increase the amount you are saving and investing, you will build significant wealth.

    However, just as with playing in Vegas, speculating is gambling and while a few walk away long term winners, it is ONLY a few that do win. In the short term, anyone can have a measure of luck, but in the long run, it is pretty rare.

    The traders that survive on options and forex are big boys, with big wells of cash and years of training (and losing) behind them. They survive as much off the thrill as the wins.

    But understand this, any wealthy trader is never playing with his full pot. He still has most of his assets in more secure investments. In fact, studies have shown that those that take the biggest risks with some of their money, have most their money in ultra-conservative investments. This is how they balance the high risk choices they make.

    But if you're still determined, start reading, take a class and paper trade (trading simulation) for several months so you can establish techniques and indicators that work for you. Until you have both skill and discipline, you might as well just take a lighter to your money.


    Yes, you can make 1000 dollars a day with forex trading. However, Forex Trading involves substantial risk of loss, and may not be suitable for everyone.

    Learn Step-by-Step How To Make Money with Forex Trading:

    http://online-fx-trading.net/what-is-forex
    :)

    What is the best forex trading platform with best point spread?

    Try this,

    No need to guess.

    In fact nothing to do.

    http://automaticforextrading.blogspot.com/

    9,000% in 10 months by doing nothing.

    92.3% winning chances.


    There are hundreds of pdf E-books on the internet, but i suggest you read the articles of the bottom link. They are all under 'forex resources'. They have good, 'easy to digest info' about forex trading, all from what it forex, a fairly detailed range of forex tips, strategies, concepts, avoiding fraud and also ' a day in the life of a trader' which is about the personal experiences of that writer.

    I want to start taking forex classes at a school or a college but every class I find it is just seminars where they show u boats and houses and they say that could be u if u sign up for our strategy.

    I just want to learn the basics when i watch these youtube videos of forex it's as if they're speaking german, I cant understand anything let alone trade on a demo account. why is there a thousand courses on stocks and banking but I can't even find one in all of Toronto on forex? what should I do?

    you need to read and read to learn forex trading. you can visit this site and register to get a free ebook, a free demo account and the opportunity to chat with a LIVE personal Account Service Manager. talking to an expert forex trader is a lot better than classroom classes. forex is a volatile market and you need the utmost guide which only these expert Account Service Managers can give.


    You can get the charts at

    www.dailyfx.com

    They have a lot of free charts..

    http://the-forex-trading.blogspot.com