What program do you use to trade the Forex Market?

To find out how traders themselves rate their forex broker, go to elitetrader.com and check out the broker ratings thread. Here is the link: http://elitetrader.com/br/

The list of forex brokers are listed together with different brokers on the left hand column.

I used to trade with FXCM, but chose to move all the funds under my management to OANDA. You'll find out why later when you check the ratings.

OANDA's trading platform is java based. I find it easy to use, and you can enter your trades by clicking on that price level in the chart to enter either a limit order or a market order. All accounts are updated in real time, plus their spreads are one of the lowest in the industry today.

Another thing I like with OANDA is that you can open a trading account with any amount. There are no minimum lots to trade. You can open a live trading account with only $1 and trade that account as much as you want, with the same spreads that the big boys trade with. This works well with any risk management profile.

What I don't like about OANDA's trading platform is that I cannot enter notes on the chart. Unlike other trading platforms that I have used. But I guess it's a small trade-off; they claim their developers are working on an upgrade for that.

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

Interested in online courses that train you on future forex trading keeping in view the current stock and forex market scenario.

For future forex trading, the best I know is Forex Tracer. It's an automated forex signal + trading software based on nifty mining, analysis & reporting intelligence.

As you know, the BIG goal of forex investors is 'Profit'. By using online forex trading software, investors try to guage currency movements and use indicators (signals) to track down patterns that can be converted into profits.

Daily exchanges on the foreign exchange markets are worth approximately $1.5 trillion (US dollars) which make them the largest in the world.

In other words, which Trading segment has the highest potential pay off compared to the amount of money at risk (assuming for the sake of assumption, of course, that you are equally knowledgeable and lucky in all):

Would it be Forex, Options, Futures, etc. (Please specify + a brief reason why)

Also which Trading strategy do you use or recommend for that market (please briefly elaborate). Thank You!

FOREX – Because of margins as large as 100, 200, 300 400 to 1.

BUT: 90% of all people that try FX trading lose all their funds (in the account) in very few months.

And: The people that win….. only win 60% of their trades.

There's only two things you need to do and have;
Study as hard as you can (Technical & Fundemental techniques).
Proper money management with right risk/reward ratios.

what are the best days for forex trading pairs like eur/usd or gbp/usd on which days like (end week / start week).when to buy currency and best time for selling.what times is liquidity high and also do u buy/sell a currency in go or do it step by step like long euros.please help!

Except for weekends, there are no best days to trade. Any day is as good to trade.

I manage funds in forex trading, and in my experience, I find that period before the European markets open to be most profitable.

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

You know, nice platform, good charts, tight spreads, no problems to send the $ home.
If you don't have experience with a firm that you can recommend, please skip this question.

www.fxcm.com
www.gftforex.com
www.forex.com

I am running a blog which you visit to get more info -

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

Hello guys,

I'm interested in learning more about forex, options and futures trading. I heard that there are mini or micro account that can go as little as US$ 200 or 300 dollar. Is it true ?

Also, any recommendations for free forex, options and futures trading simulators ? I know that some websites provide this service but usually the virtual capital is too high (10K or up), and I want to set the initial capital to small amount like US$ 300 or 500.

If possible, is there any recommendations for courses/books ? I'm not aiming for those "fancy" amount of income, several thousand/month is OK. Of course I'm not looking for courses that cost hundreds or thousands of dollars…
Thanks for the input. I agree that it's a bit too much to expect thousands of returns for such a small amount of capital.

But, if I expect my capital which is around 300 or 500 to be doubled by around 1-2 month. Doesn't is sound possible ????
My plan is actually something like this :
The capital will be 300 or 500. The goal is to double the capital by around 1 – 2 mounth(s).
When I have more money, I will buy more lots…

To make it safer, every time I manage to double the previous capital, I will do one more time before I plan to use more capital to trade.

It will be something like this (US$500 capital) :
500 – 1000 – 1000 (don't use for trading) – 2000 – 2000(don't use for trading) – 4000 and so on …

Now the problem is to find the system that are able to do this… Any recommendations ?

I personally distrust systems that cost hundreds or thousands or dollars. There are simply too many scams…

Using the Mtpredictor's technical analysis Elliot Wave Principle software, Bsmtprediction provides Forex Traders with FREE access to AUD/USD, EUR/GBP, GBP/USD, EUR/USD, NZD/USD, USD/CAD, USD/CHF, EUR/JPY, GBP/JPY & USD/JPY daily currency forecasts through this website. At Any Time / Any Day (we'll straight away post the signals here in real-time if there's any triggered) 1 hour, 4 hours & daily time frame forecasts are published on this site. The predictions are good from the moment they are published until either it reached the take profit target, hitted the stop loss or another new prediction of the same currency & timeframe unveils on the same / following day. Essentially, the prices shown are for an unknown period.. That's why we encourage you to subscribe our FREE Google Groups newsletter to get the latest signal updates sent to your e-mail from the very 1st minute it surfaces the net..

I am very interested in the automated forex trading systems online at the moment, I saw a review on http://forex.reviewfunnel.com and it seems to be the best. Anyone know of anything better?

My friend is using forex tracer, and he is making good money, but I want to better him! Please help me

lol If you want better than him then Forex Tracer is the way to go. I found a really great comprehensive review at

http://allforexeveryday.wordpress.com

If you're interested in sports betting (which can lead to a HUGE payday every week) there's another review at

http://johnmorrisonsystem.wordpress.com

Good luck!

i don't think so

I have been talking with a professional forex trader and he says he has been trading for 25 years and he can manage an account for me that earns between 1-3% a day for around 20% a month. Can experienced traders really make this much on large accounts?

20% or more DAY is possible, but you can lose just as quickly.

My CDs rates are falling because the Fed is depressing rates. That's also sending the dollar down. Since our economy is slowing the Fed will probably drop rates more. I'm thinking that if I pick a country paying higher rates I should offset a lot of my loss in interest income. I probably won't put a lot of money there, but at 100:1 rates forex accounts have a lot of leverage.

Is this a sound idea and if so, what currencies have good "carry trade" rates right now?

As the value of the USD goes down the EUR/USD and GBP/USD go up. Many people consider these good plays against a falling dollar.

Leverage is definetely one of the benefits in investing in the forex market (it can also be a curse if someone doesn't know what they are doing). I actually use a leverage as high as 400-1 on many of my long term hedge positions. I am able to earn a daily interest (7 days a week) on these positions.

There are longer term strategies that do not require the constant monitoring and active trading that is mentioned in the previous posts. I have one hedged position that I have not touched for over 6 months and it is doing quite well.

There are also no hidden fees and costs when participating in the spot Forex marketplace. You simply pay the difference between the asking price and the bid price when you enter your position. This is called the spread and it is the upfront "fee" that you pay when purchasing a currency pair. There is no spread charged when you closeout your position.

Best wishes for your success.

paul