I am form india and I want to know which Forex trading portal that offers attractive spread and good leverage,

MIG Investments of Neucatel, Switzerland is the best by far.
I live in San Jose, Calif. in the US, and spent almost a full month researching brokers before ending up with MIG. I even had live posiions with four US Brokers only to cancel them one by one as I realized their failings, and untruths. I originally wanted to deal only with US Brokers, but they are totally unregulated. Brokers in Switzerland are heavily regulated, probably the only place that is in the entire world.

I will like to know the most important forex tips as a beginner must know first before trading the forex market.

The most important tip you can learn is stay with the trend. The trend is your friend.

Crawl, Walk, Run. Sen Clay Davis – The Wire

Hi I am a finance major who has spent a lot of time studying stocks, futures, forex and options.. I want to try out some of the technical analysis I have been studying and was wondering which would be the best to trade?

If you're a finance major, you should have learned by now that day trading is a terrible idea. On average, any gains you make will be totally negated by transaction costs.

Also, I don't think technical analysis is designed to be applied to the extremely short time intervals involved in day trading. Head and shoulders formations mean nothing in the span of 4 minutes.

Go read "A Random Walk Down Wall Street" by Burton G. Malkiel. It will put the stuff you learn in finance class in a real world perspective that will keep you from doing silly stuff like day trading.

I was told about forex and day trading but I think it might be a scam.

Conservatively, you can average about 12% a year by buying large-capitalization stocks and selling (also called writing) call options to collect a premium. So you can make about $12,000 for each $100,000 in your account. With a $500,000 account, you would make about $60,000 a year. With a larger account, of course, you could make more.
Another way to make consistent profits in stocks in "swing trading," going for small moves of several days to several weeks in stocks or stock options. I use Japanese candlestick charts to swing trade, and have been averaging 8% to 12% a month, using some leverage. Instead of buying stocks, I buy deep-in-the-money options, going both long and short. Doing this, even a small account of $100,000 can make you $8,000 to $12,000 a month, an amount many people would consider a very comfortable living. Get a book on Japanese candlestick trading, paper-trade for a while (just make "pretend" trades, tracking the results in Yahoo Finance) until you become proficient at recognizing and acting on the signals.

… trade on the Foex? I am a beginner, and I specifically want to learn about the basics, how to spot trends, tradeing techniques, etc..
Even if you want to recomend a book- that would be helpful. (FYI: I cannot afford a pricey course, so any recomendations to that fact will not be considered).

THANKS!

The best thing is to start reading the available articles on the net. That way you don't have to pay and you will gain an overall idea of forex trading.

After that, if you want to really learn some techniques and insiders methods etc, then you would need to buy some good books or short courses. Generally the free ones are too vague.

dear friend, i would like to venture myself in forex world. Can u suggest me which forex platform/broker allows to open an account with minimmum $50. I have already tried some demo accounts, now I just wanna giva a try with real money.

Well, first you should NOT be looking to be opening a Forex account with $50. You say you've been trading a demo which is the right way to start, but one of the most important things when trading Forex is a properly funded account…ask any trader.

My advise to you would be to educate yourself further and keep trading the demo until you can properly fund your account. $50 in an account will be blown up in now time and will probably only discourage you from trading…not the goal here.

While your searching, another recomendation would be to check out FxRebates (www.FxRebates.com). They offer rebates on the commissions you pay while trading. The Broker's don't offer this in most cases. I know they work with about 10 brokers now and they could also help you choose a broker.

Best of luck to you in your trading…

I hear about all those people in the web who claim to be rich and earn a living in forex and finally try to sell you their "systems". What I dont understand is If their systems WORKS as they claim it works, they should probably be spending their time with their "system" and not trying to sell them…

So all this spam aside, Is there really some person(genuine) who has become rich and famous by only trading/investing in the Forex Market?
nobody????

Maybe not by only investing in the Forex market, but there are traders that are famous primarily because of their forex trades. George Soros comes to mind for me. He runs a hedge fund, whose most famous trades were Forex trades. He is worth about $8.5 billion according to Wikipedia. He made an estimated $1.1 billion betting against the pound in 1992. That trade is what he is most famous for.

As for the system sellers…you are right. What system sellers do is backtest systems, and over the backtest period, they perform wonderfully. However, you can get a system to perform well over past timeframes by fitting it to the data (tweaking the parameters so that they perform well against known data). Those systems don't work so well when faced with a period they weren't fitted for. I believe there are some legit system sellers and builders out there, and that mechanical systems can work. However, I haven't looked into it much myself, and I have never seen anyone advertising on the web who looked legit.