Basically I Just got out of the military & I am off until January when I start my new job & school.

We have money saved up for living & such. I have set aside about 800-1000 & opened an account with forex.com

Basically I hear all of these strategies about once a day trading or scalping, I am brand new to this.

Couple questions.

I have all day to trade, What can I do to maximize my profit, I can literally work any time of the day all day until Xmas.
I enjoy the idea & practice of scalping, Just not sure exactly what I am looking for to make split second decisions.

I read the strategies & such on here but is there an in-depth guide to actually explain everything?

& as mentioned, I use forex.com for trading.

One should really develop a winning strategy before trading with any real money. To do otherwise is simply gambling or speculating…that’s for Vegas.
One of the best resources available for beginners is without a doubt babypips ( google it)
Tons of free info.
starting with 800-1,000 you probably be wise to trade a micro account to avoid margin calls.
I suggest using MetaTrader 4 with your broker and a practice account till you get a sense about not only how to trade but what to trade.
There’s lots to learn and having the time you have, you should be able to learn a lot quickly.
Good luck!

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Thanks all.

If you are looking for the best forex software, use this software

http://Make-Money-With-Forex.org/

This software is the best software that can help increase your trading profit

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I am planning to try my luck in forex market. I have read about many automated forex trading softwares online. But I wanna here from yahoo answers community their opinion about the best automated forex trading software for beginners. Please help me choose the best automated forex trading software.

If you are looking for the best forex software, use this software

http://Make-Money-With-Forex.org/

This software is the best software that can help increase your trading profit

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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?

If you are looking for the best forex software, use this software

http://Make-Money-With-Forex.org/

This software is the best software that can help increase your trading profit

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I’ve started getting interested in seasonality in Forex but i can’t seem to find any good seasonal charts or information can someone help me out? Thanks in advance.

Not into the FX market, but you can find currency related charts on www.stockcharts.com. For example, $XEU will bring up the "Euro Index".

As for seasonality, if you use long-term weekly charts you should be able to discern any seasonal patterns that might exist.

Good luck!

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Hi, i’m looking for a web site that he have an experts in forex (or investing im not sure) that you can check there walls or portfolios, and follow one of them in the methods that he use.
PS :The design of the web site was nice

So please if you know any website like that tell me

You might want to check out the SFDC. They have a club that pretty
much covers everything about forex.

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hi, i have seen an ad on the net that says that you can start with a minimum of 5 dollars investment to get started on forex. …
thanks for your experienced advice.
Jack

If you don’t have at least $5000, you won’t be able to absorb the routine losses that get mixed in with the profits.

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I’m looking for a Forex broker who provide cent accounts with the following features:
1- hedging on same currency should be possible
2- Leverage is 1:400 or 1:500
3- Lot size can go up to 10,000
4- reputable in trading and withdrawal of funds

Thanks

try www.gomarketsaus.com, they’re very good

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I was reading a blog that kept talking about binary options trading instead of options. It said that binary options trading was a lot easier especially whne trading in the Forex Trading markets.

A regular option increases it’s payoff the more the underlying passes the strike point.

A binary option pays off a fixed amount based on whether the strike point was passed or pays nothing if it wasn’t.

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Tax on Forex Trading

Pretty simple. You calculate your returns in Canadian dollars. How else would you know whether you’re making any money from the trades?

You can convert each trade to Canadian dollars, or, calculate your profit for the year (in US$), and convert it to CA$ at the average exchange rate (published by CRA).

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