Which is the best forex broker to start Forex Trading?

FXCM is best ,meta trader4 platform 50$ starting investment.

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I have been trading stocks for a few years as a sideline. Now I’m thinking of going into forex as I’m going to lose my job and I am interested to know if I can earn automated forex income. I am willing to work very hard and learn.

It is always possible to earn money from forex. Many people including myself do that. I have friends who used to work with me in the bank and they are doing pretty well with forex and they have left their banking jobs as banking jobs are no longer lucrative with a lot of salary cuts.

If you are willing to learn and work for it, I don’t see why you can’t live on forex trading. In fact, with the present forex robots, the learning curve is much shorter and you can earn automated forex income if you get a good forex robot software.

For me, I had the first breakthrough in my trading with Forex Killer and since then I have found Forex AutoMoney to be very useful. I have made some money from it. The membership is quite useful as it offers a lot for a newcomer. Don’t trade with your own money first.

However, keep in mind that automated forex systems have risks too. So do paper trade first and after that go on to small trades to get confidence and a feel of the software . Always manage your risk and you’ll be OK.

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About 3 years ago I was introduced to the FOREX market. I took a stupid technical analysis course which taught me almost nothing about application of technical analysis, just meanings behind formations and candlesticks. I invested 5k with FXCM and started trading. I lost the 5k in 2 months, and at the time, 22 years old, losing that much money was devastating. I have been running demos since then trying to figure out my problem. Finally, after three years, I am profiting in demo’s substantially. Each thirty day demo I have ran in the last 3 months has had 50-100% gain. I feel so comfortable reading charts and analyzing economical data, I never thought I would be this way. I have been studying the market and patterns daily for 3 years straight.

Anyone with REAL experience, think I am ready to give it another shot?
Yes I know all about retracements, fibonaacci elliot wave, flag formation, pivot points, moving averages. all which i use. I understand the basics completely. emotionally, i think i will be fine, because i have a system and only move into trades if they meet my conditions.

Start slow. The difference between paper trading and the real thing is the emotional element in the decision making. When you see real money going bye-bye it tends to cloud your thinking in ways that don’t happen when your aren’t using real money. This is why most people can’t do as well when using real money instead of paper trading.

The biggest question is: do you have the self control to stay with your system during drawdowns?

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A complete newbie to forex trading, I am having difficulties figuring out where to look for information, but also what exactly to look for. Commodities? Bank quarterly results?

Well you could take courses on US and World economics, read some financial economies books and/or know when and the fundamental news that affects price swings are reported. Stay clear during these volatile times because they can take out your stop in a heartbeat and a few beats later go back the other way. And remember that the news could already be mostly priced into the current price. If you are looking for the best forex software, visit this site

http://the-best-forex-software-in-internet.blogspot.com/

This software is the best software that can help increase your trading profit and user friendly.

Best Wishes,

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