I have posted my theory on -

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

Does it look right to you?

That's correct, the broker makes his/her commission on the spread or bid/ask

I wish to start day trading and spread bet on currencies and financial indicies at home. But I am a novice despite reading on the subject. I suppose I need to know if there is a place in the UK where I could go for hand-holding exercises until I get confident.

you could just send me all your money instead, it would be quicker!

Suspect that if it is in a book it will fail because of the pump & dump scam. The successful traders will know about such methods and will deliberately game them, thereby helping themselves to your money.

Other than that, stick only to volatile stocks, and good, er, luck!

I am new to forex trading and would like to know if there are alternatives to marketiva.

Marketiva has plenty of competition.
You can check some at http://www.forextopten.com/forex-broker.html

What type of trading is good for a begineer, who knows nuts about trading? Also have cashflow constraint, but want to earn more money?

Howard and Anywhere are partly right. Yes, options futures and forex do possess a lot of risk, but so do stocks and bonds. Let me ask you something if you lost $10,000 in stocks and $10,000 in forex, which one is riskier? Both are just as risky because you lost the same amount of money. It's just that in options, futures and forex, you can lose it alot faster.

The fact that Howard lost money in forex and makes money in stocks doesn't mean stocks are better than forex. It's just that he's better at stock trading then forex trading. I know people that did well at stock tading and went to trading futures or forex and they're profits took off like a rocket. They were much better suited for those kinds of investments.

For me, I hate stocks. Not because they're bad, but because they're too slow for me. What it would take an average stock trader to make in 3 years, I can make in days or weeks trading derivatives and fx. In stocks, a 30% return is great, in futures options or fx, a 100% return is average. But, I have a very high risk tolerance level, so futures, options and fx are better suited for my goals and temperment.

Now to answer your question. As a beginner, I wouldn't recommend either. I would start with equities. Trading is trading, it's just that each asset class has it's own nuances that you must learn. Learn how stocks work, etc. Then from there study up on options, futures and fx to see if they are a fit for you. If they aren't then don't trade them.

Futures are definitely a no-no for beginners. The risk levels are way to high.

Now, it may sound like I'm being a hypocrite by saying that anywhere and howard are being shortsighted, but then saying start off in stocks. I'm not. There is nothing wrong with futures, options or fx, but that is not the place I would recommend you start learning. For example, there's nothing wrong with flying a 747, but I would begin training you on them. I would start you off in a Cessna. Once you know how to fly, you can move on to bigger and more complex aircraft.

The same with trading. Futures, options and fx and be very complex and if you have a basic understanding of trading, then those it will be easier for you to understand those instruments.

I started off in equities, but for me they were boring. I then moved up to futures and futures options and then eventually forex.

Also, to trade futures, you need a minimum of $5000, but more realistically you should start with $10,000 or preferably $100,000. Options, you need about $5000. Same with stocks. But with forex, you can start with as little as $100.

Among the day trading forex currencies the US Dollar (USD) has seen gains against the:
- Canadian Dollar (CAD)
- Japanese Yen (JPY)
- Australian Dollar (AUD)

The US Dollar has also gained against the Indian Rupee (INR) and the Russian Rouble (RUB).

The biggest gains as of now have come from a rally against the Japanese currency, so if you're into trading USD, this is where you should continue to see profits over the short to medium term.

I recommend you look at Pound Sterling (GBP) as well as it's been a traditionally strong currency. Include it in your forex portfolio and part of your daily trade.

i think they all rate fairly well… Each dealer has their strength and weakness… sometimes they have a good platform but they invested badly in customer service. And sometimes they have good customer service but bad software…

or even a website or someone who can explain – such as resistence and support and consolidation – see mataf.net reports

I recommend a complete course on Forex like Forex secrets exposed or Forex mentor. You can read more about those products on the following llinks.

http://www.forextopten.com/forexsecretsexposedreviews.html

http://www.forextopten.com/commercialforextradingreviews.html

Good luck

from time to time i see people selling forex trading course, stock market trading course, business strategy managemnet course etc. are these useful. whats in for them, why would one sell his butter and bread to others and compete with them. please justify sincerely

Profits. It,s more lucrative selling the plan than following it.

Is there a way where I can enter a symbol such as usdypy where I can get a chart, such as those use by Stocks and Indexes ?

Actually you can find quotes and charts for forex in Yahoo Finance. Just go to the tab labelled "investing" and select "currencies".

I usually use fxstreet.com and dailyfx.com myself.

May all your guesses be good ones!

Paul

I'm wanting to b able to control trades,with only a small amount of $ to begin with.Hopefully I can gain an understanding of trading online,my present day earning potential isn't that great,and the future savings picture(retirement,rainy days)looks pretty bleak.So I'm looking for ways to supplement and improve the picture.biggest problem=low beginning investment capital,can't go more than 1,000 to begin with.Best asset=still got a lot of time,and focused on preparing a better future.

First things first, its imperative with investments such as FOREX or stocks, you use discretionary income. Savings accounts, IRAS, rainy day funds, ect, may not make you rich, but are important to hedge against market losses and essential to your financial security. But its both wise, and okay to have a smaller initial investment. With FOREX, you'll have great leverage in your favor anyway.

Its also great you have a lot of time, but regardless if you had one week, or one century, the worst mistake you could make would be jumping in with real money first. You'd have more fun lighting the money on fire and having the same result. Practice, paper-trade, play accounts, do it once and beat out the indexes and inflation, and you're off to a great start. Do it again, and again, and again. Read everything you can about which ever investment you decide upon, or your $1000 will be tuition for the markets and what you learn. Trust me, ask any trader and the majority jumped right in with real money, lost it all, and learned what they could have learned without losing the money. Don't believe the hype and scams about "stock systems." Develop your own, formulate your own rules, and live and die by them.

But back to your request for advice, to sum it up. Practice with play accounts/demo accounts/paper-trade over and over again until you are 100% comfortable and have a good understanding of what it is you are investing in. That is the easiest and best way to get into online investing. Google search for some FOREX play accounts, these sites usually also have options for real accounts when you're ready with great leverage, 100:1, even 200:1 I can recall seeing.

Best of luck.