Which is a better broker? I hear so many bad things about both, but seems to be more negative reviews with fxcm, but i like fxcms tighter spreads and trading platform better, but i get the feeling forex.com can be more trusted, if you have any experience or knowledge with the 2 let me know what you think.

FXDD is a good broker. And FXCM is also good. I’m not familiar with what forex.com offers.

Be wary of online reviews. They are usually biased toward the brokers they promote. I would stay away from sites like forexpeacearmy.com.

But check out www.babypips.com. It has a great tutorial program for beginners.

Members of the FX group I belong to mainly used FXDD and uses FXCM for additional accounts.

We also use an exclusive charting system and get instant messages and emails from the more experienced full time traders.

You can check out www.forexmovement.com to test out the charting service for free for two weeks.

And if you want more information about the community then shoot me an email.

Stocks & Commodities V. 24:11 (14-18): Forex Focus: Profiting From The Gartley by Todd Gordon Access to foreign exchange trading has opened up exciting trading options for the retail trader. You can now trade alongside corporations and institutions in a highly liquid market that is global, traded around the clock, and highly leveraged. Before jumping into this market, however, we must understand the factors that affect the forex market. With that in mind, STOCKS & COMMODITIES has introduced Forex Focus to better prepare the retail trader to participate in the currency market. By identifying advanced patterns in markets about to reverse, you can get a better idea when and where the next five-wave trend could emerge. A distinctive and recognizable pattern occurs in the early stages of an emerg-ing trend. Being aware of such a pat-tern can help you position yourself for the pending move. This article will detail the characteristics of that pattern, the symmetrical price legs contained within it, what the price implications may be, and how a trader can iden-tify and profit from this powerful pattern, re-ferred to as the Gartley pattern. We will also delve into Elliott wave theory to further substan-tiate the symmetrical price swings that accom-pany Gartley patterns and their relative location to the market trend. THE GARTLEY PATTERN H.M. Gartley first introduced the pattern in 1937, but it wasnt until the late 1980s, when trader Larry Pesavento assigned expected ratios to the four legs of the pattern, that its use became more widespread. Essentially, the Gartley pattern uncovers the markets tendencies to take advantage of the trend-following crowd. Unknown to the trend-followers, Gartleys frequently appear at critical reversal levels. They begin to take shape in the consolidation zones following an extended trend and will often bait latecoming trend-followers into the market, to their dismay.

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Stocks & Commodities V. 23:9 (30-32): Forex Focus by Vikram Murarka Access to foreign exchange trading has opened up exciting trading options for the retail trader. You can now trade alongside corporations and institutions in a highly liquid market that is global, traded around the clock, and highly leveraged. Before jumping into this market, however, we must understand the factors that affect the forex market. With that in mind, STOCKS & COMMODITIES has introduced Forex Focus to better prepare the retail trader to participate in the currency market. Here are some strong, classical technical signals favoring a euro/ dollar trend reversal. Date: 5/23/05 Closing price of EUR/USD: 1.2595 At the beginning of January 2005, I studied the relationship between the euro and the US dollar and the 10-year Bund-Treasury bond differential and analyzed how it tied in with the technical picture of the euro/US dollar. Given the Elliot wave counts and the yield differentials moving in favor of the US dollar, the indications were that the euro would fall. This is a follow-up article, aimed at finding out whether there are any further technical analysis points to be noted, and what the future might hold. If you look at Figure 1, this is perhaps one of the most classic technical bear turnaround setups in the currency markets in a long time. First note the Elliot waves count on the euro uptrend that started in late 2000. Wave 5 was completed toward the end of December 2004, as marked in the chart, and the euro started falling thereafter.

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Praise for FOREX CONQUERED

“In this amazing book, John covers it all. From trading systems to money management to emotions, he explains easily how to pull money consistently from the most complicated financial market in the world. John packs more new, innovative information into this book than I have ever seen in a trading book before.”
–Rob Booker, independent currency trader

“John Person is one of the few rare talents that are uniquely qualified to help traders understand the process of successful trading. With today’s markets becoming increasingly challenging, John has cut right into the essentials and brought forward the much-needed tools of forex trading. This clear and well-organized publication is a major step forward in helping traders gain an edge. I would highly recommend “Forex Conquered” as a valuable handbook for both aspiring and experienced traders alike.”
–Sandy Jadeja, Chief Market Analyst and EditorLondon Stock Exchange, London, England

“”Forex Conquered” is a bold title, but this book delivers the tools needed for successful forex trading. There is no fluff here, just the wisdom of a trading veteran that I have always respected-and followed.”
–Michael Kahn, Editor, “Quick Takes Pro” market letter and Columnist, “Barron’s Online”

“This is a wonderful, in-depth view into the explanation of technical analysis and prudent money management guidelines in the forex market.”
–Blake Morrow, President, 4XMadeEasy

“Forex Conquered is a meaningful contribution to the growing number of books on forex trading. John Person provides a professional view of forex trading that readers will be able to use as a guide for strategies and tactics thatwork. The scope of the book covers more than forex and includes salient aspects of futures and option trading. It should be read and then re-read “
–Abe Cofnas, President, Learn4x.com

Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file.

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A pioneer in currency trading shares his vast knowledge

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