Hi Max,
As i am also a forex trader, i know that there are very less forex brokers that provide this facility. Even my broker Finexo.com offers daily market analysis and currency updates once in a day. Mataf brokers give buy/sell points recommendations too once in a day.
You can check both these sites as they can satisfy your need.
Regards
powered by Yahoo Answers
Dear friends, I recently opened demo account for forex trading, but the fact is i hve 0 knowledge in forex. I don't understand how to trade and make profit. I see the numbers chaning into green and red and there will be option called bid and ask, but don't know what to do? how to buy or how to sell? please someone who are experts in Forex tell me how to trade and make profit.
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.
Forex is what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.
Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.
There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty.
I would recommend not trying to do Forex at all, unless you are a trained professional. It's like playing poker with people better than you, with the house constantly taking a small percentage from the pot.
powered by Yahoo Answers
I found the following site the most practical, for beginners and intermediate!
http://forums.babypips.com/
http://www.babypips.com
you might also want to try http://www.global-view.com , they have a real time forex forum 24/7. For professionals, even bankers and institutional traders go here.
powered by Yahoo Answers