I have done well day trading stocks but have no
knowledge of forex. Do some individual traders
do well consistantly

Yes but not using forex brokers themselves.They are setup under a business model of keeping peoples deposits.They are not compensated purely from pip spreads as you would beleive.Think about a broker such as InterbankFX.They have offices staff payrolls overheads.There is no way they could turn over enough profit to sustain that from just pip spreads.Like an introducing broker.Forex is off exchange meaning unregulated.It means its a private loan agreement essentially they could just keep your money.Futures commodities and stocks are ok because they are heavily regulated.But only way to trade forex properly is through a bank sending bank wires purchasing and selling converting currencies.And for this you would need at least $20k to trade one pair such as AUD/USD.$10k of each currency.And you would need a company LLC in the USA because foreigners cant have bank accounts.Corporate is ok.AU they can have them.And of course if you lived in AU you would need netbanking with enough pay anyone international access as you wouldnt be able to go into a USA bank physically.And the same if you lived in USA you would need pay anyone international access to your AU company account to send and recieve wires etc.This can be done but why bother when there is futures stocks and commodities.Cuurency futures are fully regulated no risk of scams.

powered by Yahoo Answers

I think the http://www.makfx.com/en is the best forex broker ,you open an free account and then you can get $5 cash reward without any fund deposit .You can also chat in the platform with other traders ,so you can learn more from it .i just trade at it for 2 years ,use the 5$ the reward me ,now i accumulated it to $2252.

You can get some thing about turorial at http://www.forexfactory.com

Good luck my friend .

powered by Yahoo Answers

Also a good but affordable Forex training course in the UK

A great book I know is Bird Watching in Lion Country reviewed below

powered by Yahoo Answers

Hello i want to invest money in forex market.What is the best service to select form.I need some practice also.Does they give bonuses for account opening?

Hi Kishore

The question is not very clear so I can just guess and advice you with my personal experience.
If you are based out of India and wish to open a FOREX account you have lots of options like there lots of multinational banks which can open account for your overseas to deposit foreign currency & they will convert in Indian rupee.
Being an Indian based in Canada, I am using Citi bank’s NRE service which they provide to NRIs’ who wish to deposit money for their families back home. They provide the all the banking facilities (debit cards & branch dealing) to one family member in India. They also offer good service for Forex trade as well.
Apart from that ICICI & SBI are providing the similar kind of services but they are not very popular in overseas.

These all banks deal big time in Forex trade. You can invest your funds & get good returns as well.

I am not sure what service would suite you but you can certainly submit your query with the bank & for Forex they would contact you because they need money too.

Let me advice you to not believe in small forex brokers as most of them are cheaters.

All the best in your research.

-Purav

powered by Yahoo Answers