I’m looking for a course to actually learn trading myself. I’m not interested in robots or signal services. What I would really like is a course that teaches me to understand the markets and be able to trade off my own ability. Anyone had any experience or found a course like this that you’ve actually used yourself?

You may be interested in http://www.fxpmclub.com

It’s a forex course and mentoring at the same time, so it’s got the basic course materials that you can learn in your own time, just like most other courses out there, but you can also get training and help and advice from the trader who runs the site.

The course is all video based which is accessed from a members area, and the videos teach you everything from the basics all the way up to actual trading methods on live charts. I’ve been trading for about 2 years on and off, so I am by no means an expert or anything like that, but this has been the most useful site I have personally come across. The best part for me is the contact with James, who is the trader who runs the site. I’ve been able to talk with him directly on the phone whilst he walks me through real charts on my computer and answers my questions. So far I’ve had 3 phone calls with him. The course and videos on their own are far better than most things I’ve seen, but the personal tuition you get with this, makes this the best course I’ve ever taken in forex. I always learn better when I’ve got a teacher. I’m not sure if that’s what you’re after, but I’m sure you’ll find the video course on it’s own very useful if you’re starting out.

The course itself is teaching how to trade by reading price action without the use of lagging indicators, so it’s quite discretionary and can’t really be used as a mechanical system. James likes to teach how to adapt to and read the market instead of relying on buy and sell signals generated by indicators. He uses candlesticks and not bar charts.

There is a free option to try the course before you decide to join, so it’s definitely worth a look. You can access all the materials and contact James for help without making any payment, and if you don’t like it, you don’t have to worry about trying to get a refund. If you’re a sensible person and have realistic expectations about forex, I think this course could suit you very well.

Hope that helps.

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Excuse me but I have a question about forex and the different robots; is it possible to be in more than one robot (for example the forex cobra system and the Forex no loss robot) at a time without having any problem? By having any problem I mean if its legal? And another question is if I can withdraw money from my winnings and if that money can eventually reach my hands, in some others words, is it possible to make real withdraw in forex robots?

Forex Robots are just automated scripts that run inside of your trading platform (the software used to place trades with your Forex broker.)

Most of the Forex Robots you see advertised on the internet are not actually standalone programs, they’re mostly just Expert Advisors (an add-on that places trades for you) for the popular MetaTrader 4 software (a platform used by the majority of retail Forex brokers, for better or worse.)

The robot definitely isn’t an account on its own. You’ll never actually deposit your money straight to the robot itself (if anyone is asking you to do that, it’s a scam.)

To use a robot, this is what generally happens:

1) After you buy the robot, the seller will probably send you a link to download it (or send it straight to your e-mail, but I doubt that.)

2) You open an account with a Forex broker. Please do your research and choose a regulated broker. (Many brokers have different software packages for you to trade with — but the most popular is MetaTrader 4 in the retail industry. Chances are your robot needs to be used with a broker that offers the MetaTrader 4 platform but there are a lot of choices for this category.

Just do a search for MT4 brokers or MetaTrader 4 brokers but be careful and make sure that the broker is regulated by a respected body like the NFA (for brokers in the US) or the FSA (for brokers in the UK.) Look around for real reviews (not sponsored ones) of MT4 brokers, but at least make sure they’re regulated.

3) After you open the account, you send your funds to the broker (not to your robot and definitely not to the person who sold you a robot.) If you opened an account with a UK broker, there are extra protections for your deposits but don’t take this to mean you can’t lose money (you still can if you don’t manage it well… or if your robot doesn’t manage it well, actually — and yes, that happens. A lot.)

4) You install the trading platform from your broker (usually a customized version of MetaTrader 4) and your robot would be installed in it. You then enable live trading for the robot to allow it to trade your account.

I’m sure the robot vendor will give you all these instructions (or different ones if the robot is something other than an MT4 expert advisor… although that’s very rare in retail) but I’ve outlined this so you can get a better understanding of what you’re dealing with. In other words, the robot itself doesn’t accept funds (or at least shouldn’t)

On a side note, I would recommend you learn a little more about the Forex market before you dive into this. I know all the internet marketers make it look like a pot of gold to you, but you’re better off saving that money for now and learning to trade in a demo account first. Once you get the hang of it (or at least once you get to understand how the market works, and learn how leverage and margin actually works) then consider the robot.

Be smart. Don’t risk your money on a robot that’ll trade something you don’t fully understand.

As for legalities, yes, it’s entirely legal to trade with automated systems. It’s done very often on Wall Street and in London, actually (the world’s largest financial centers that dominate the Forex market)… of course, the ones they use that actually work profitably for them definitely won’t be sold on the internet by a flashy web site

Try to learn more about the market first and then make an informed decision. There’s no rush — this market will still be here (and even if it isn’t by some miracle of global politics, another one will take its place.)

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i would like to learn to trade forex but dont want to sign up to any scams that say they deliver but dont and just take your money,is there any real genuine help out there.

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. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: "Go to Forexcrap,com/q2347." The "q2347" is a signal to the Forexcrap site that you are being referred to them by "q2347." If they sell something to you, "q2347" gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.

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.

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Hi there my name is Ash and I am a full time forex trader. I would like to know more about your experience with different Forex courses and which one would be highly recommended or even the best.

Your answers will be very helpful and please no affiliate links etc only genuine users of those different forex courses. I only want real people who have actually tried a course that they found greatly helpful and actually did help them make consistent profit in the Forex market..

Thank you again

Your help is much appreciated both for the future readers of this post and myself.

Ash
www.forex-trading-domain.com

I still get a lot of ideas from fxbootcamp videos, but they are an ongoing teachers, giving real-time instruction sessions during trading hours for a fee.

Here is their latest video

Here’s their website
http://fxbootcamp.com/

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I would like to know what are the rules of Forex trading in India, if I deal with a foreign trader? Is the income taxable? Does it need a license, how to get that?

The basics for forex trading can be seen from the web page below.

http://www.forextrading.com/articles/ForexBasics.aspx

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i need to learn online and free forex trading course based on indian currency with videos,so it will be easy to understand!

http://welearnforex.com/category/articles-and-videos/forex-videos/ – there you can see plenty of different Forex videos for free.

Good luck.

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I want to buy and trade stock online but not forex. Who is the best company to go with for real time trading

Scottrade.com is the best.

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http://www.alpari.co.uk/

I know what the company does on a very brief note, such forex trading online using various software etc. But What I wanted to know is, what the hell is a PIP! also what is there jurisdiction limitations so what services can they offer and cant etc.

Also what makes a good online forex trading account etc. I was reading the not receiving re-quotes is good etc.

A pip, depending on the currency is 1cent so when trading Cable (GBP/USD) you place a trade with a profit limit level of x number of pips – 20 pips would be 20 cents and so on.

I use Alpari for the charts on the Metatrader platform they use – which you can download for free. Their spreads are pretty good, but for tax reasons I mostly use IG Index for trading, which is a spread betting platform.

Not sure about the jurisdiction limitations you refer to – without knowing which country you are based in. If you are based in the UK there are none I know of.

What makes a good account is stability of the platform (most FX providers tend to use Metatrader so that isn’t really an issue) and speed of processing orders – you will get some slippage when the market is moving very quickly, the best way to minmise that is by using OTO orders (orders to open) that automatically trigger an order when a price reaches a certain level. Most important of course is the spread – e.g the number of pips the provider charges for entering a trade – which does vary enormously.

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Okay, I know this sounds random, but I’ve always wanted to become as millionaire in my 20s, preferebly age 22 and at the very most age 27 as a back up. Since I was 13 I have looked into various different businesses I’ve been passionate about from property development, stock market investing, forex trading, options trading, CFDs trading, spread betting, iPhone app developing, facebook app developing, internet website entrepreneurship, eBay seller, starting a construction company, starting a hardware/software company, and many more. All of these and many more I’ve been passionate about at one time or another, but I can’t find ANY ONE I’m truly passionate about that could make me a millionaire in my 20s. What Could I do become a millionaire by age 22 or 27 starting now at age 18? Please, I really need someones help or advice as I’m desperate. Thanks.

Becoming a millionaire in your 20′s is extremely unlikely. There are three ways to become a self-made millionaire in your 20′s; 1) Work extremely hard applying a valuable skill 3) develop a new business or product 3) get lucky.

The most reliable way to accumulate wealth is to develop a valuable skill and then work extremely hard applying that skill while spending as little as possible and saving the rest. Many of the opportunities you mention require developing a skill.

A much better goal than becomming a millionaire in your 20′s is to find something useful that you are good at. If you do that, you will have much more financial security that a millionaire.

The greatest financial security in the world comes from having a useful skill. And it can be a wonderful life if you enjoy applying that skill.

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I want to invest in forex market.It seems more hopeful in future.which plat form gives the best analysis and free practice account with some bonus.I need real answers!!!!!!!!

There is no good FX platform or company.

There are only ones less bad. Be very careful…. it’s very easy to make money in a practice account. Paper money trading should never be used as a guide to the future. You only want a US regulated company (anything else can lead to great financial pain).

Some good choices;
GFT
InterbankFX

A great example of what to avoid;
eToro
finexo (very, very, very expensive)

Two good web sites for you;

http://www.fx360.com/

http://www.babypips.com

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