I need to know the pros an cons of Forex Trading. Pls help

http://myfavoriteinterests.com/forex/

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I use FAP torbu and megadroid, but i learned that there are new and better expert advisor

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Hi I am interested in online forex trading.Some sites look abit ‘shadey’ where can i find reliable reviews of different trading platforms and services? any reliable website? and other resources?

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. There is no website where many players make money.

Forex is similar to 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. The net winnings of everyone combined equals zero. 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.

Read the warnings in the links below:

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I want to know good Twitter or Facebook people that trade Forex and give free advice over these services, like real time tips.

A lot of people on Facebook and twitter all think they know better than the next person. I personally use etoros open book as you know you are dealing with real professional traders. If you visit http://www.bestforex-broker.com you can find information on the open book, you can also get free trade signals from there.

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For any of those of you who do not know, forex is like stock, but forex trades and sells different currencies. Please do not say clickbank because I am already a vendor there. Ebay is terribly under priced too. Any help would be appreciated.

Not Yahoo Answers. There are so many forex spammers here that users would just assume that your product is more of the same debris.

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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 trade systems, use this software

http://bestautoforexsoftware.info

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

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A friend of mine has aquired a few thousand pounds worth of training software for forex trading. I have seen the first disc and it seems to promise a lot, is this true? He says I can have copies of all the discs if I want. Just wondered is it really as good as it sounds, thanks.

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

http://bestautoforexsoftware.info

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

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I want to know your Forex strategy, when to buy, when to sell, when to wait.

You’re in for a big, rude surprise….. there is no such thing. Day Trading Forex, Stocks etc can take 3-5 years to master…. assuming you’re not one of the 95% that fail within the first year.

To believe someone could pass this type of information on to you via Yahoo Answers means you’ve got a lot to learn. Trading is an art & a science. Two of the most important factors are psychology and trading money management. Technical Analysis is less than 50% of the "formula".

Two of the most well known FX Traders wrote a book titled;
Millionaire Traders
This book by Kathy Lein & Boris Schlossberg will be the start of many books you’ll need to read…… Start here… so you at least get a sense of what you’re up against.

http://www.amazon.com/Millionaire-Traders-Everyday-People-Beating/dp/0470452544/ref=sr_1_1?s=books&ie=UTF8&qid=1299186948&sr=1-1

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How happy I am if you can help. Thank you very much.

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

http://bestautoforexsoftware.info

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

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Where can i download Forex trading software i.e Fx (forex, stock,currency)software online?

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

http://bestautoforexsoftware.info

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

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