I would like to learn how to perform correlated/hedge trades…such as the EUR/USD + USD/CHF. Can anyone recommend some books on the subject? Thanks.

I am not sure if this will help but I saw this page that has alot of books on it check it out.Not sure if its what your looking for but its a start.

http://www.stockstoshop.com/books.htm

Approximately how much is a good amount to start with? i am going to go to forex.com and do the 30 day free trial and see how I do.

Also for people who know forex and use it, how many hours do you spend a day or a week, and how much do make. Tell me weekly or daily or anual income.

I will have about 5G's to invest, i was wondering whether i should throw it in forex.com

Thanks

With no investment experience and you want to jump right into trading currencies/ futures? I have been trading stocks for 19 years, options for 15 years, and I still wouldn't touch the futures/ currency markets.

Unless you are a government or a major corporation trying to hedge dollars verses foreign currency, you are speculating. if you don;t know what you are doing, you are just gambling.

When trading currencies, you are trading against world banks, not a bunch of small investors.

Sure, you could have beginners luck and make some money on a trade or two. Long term is that one or two trades will blow up and wipe out what you have.

You are also looking at trading a 24HR market. It is generally not wise to be in this market if you plan to sleep unless you ahve hedged your bets.

if you really want to gamble in this market, you may want to consider buying options on currencies or options on futures. That way you can only lose you entire investment.

If you buy straight (leveraged) currencies/ futures, you could be risking up to 100x you investment. if you are wrong, you will have to settle in cash.

A good compliance officer will not allow an inexperienced person begin trading Forex with little capital, and little assets.
(SEC Rule 405)

The notion of unrealistic investment returns to be able to "quadruple your investment in 12 months." 400% annual return? is about as unrealistic as all the hype I see posted on Y!A all the time.

Soliciting investors subject to SEC and CFTC advertising rules and SEC Rule 405.

What I would suggest.

If you don't need the funds for 5 years:

1. ROTH IRA (no fee account – Fidelity.com has one)

2. Invest S&P500 Index (no load fund or the stock index: SPY)

3. After 5 years you can take out the principle with no penalty. The remainder stays in the account until retirement (59 1/2) and is tax free at that age or after; and you can take up to $10,000 to buy a first home with no penalty.

Just give it some thought.

Good Luck!

I keep getting email regarding trading robots for forex, on the surface these things make some sort of sense but then again I don't understand a lot of the jargon used, are these easy for someone who has no knowledge to use or are they just a load of hype
OK put it another way, has anyone had any good fortune using these trading robots and which one did/do you use, unles someone has first hand experience of using them they are not really qualified to answer the question sensibly and are only trying to gain points

Every bank who makes money in forex uses automated tools – so they do work – its using the right that matters.