The Forex Trading Blog

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  • META

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    Posted in forex book | 1 Comment

    Hi, the question states it all, I am new to trading at its definition and would like to get into it. And I was wondering if you guys could recommend to start besides the practice trades that they run as a promo right now. Thank you!

    Bird Watching in Lion Country by Dirk Dutoit
    reviewed here: http://www.financial-spread-betting.com/Bird-watching-in-lion-country-review.html

    http://www.rapidforex.com/
    http://www.traderssecretcode.com…
    http://www.1forextrading.com/
    http://forexmarketsuccess.com/forex-ebook/

    Forex simulator:
    http://www.expertworx.com/pm/Forex%20Market%20Educational%20Game.htm

    Free Charts
    http://www.dailyfx.com

    Blogs
    http://the-forex-trading.blogspot.com/
    http://www.forexpeacearmy.com/
    http://begginerslearnforex.blogspot.com/

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    Also a good but affordable Forex training course in the UK

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

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    Investopedia.com
    babypips.com
    For books, try Forex for dummies.

    Hope this helps.
    Jim http://jsforex.blogspot.com

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    January 19th, 2010 by admin

    I’m newbie in forex trading and I would like to learn more about forex. Please suggest me some good books or sites for the same

    Choose the Most Useful Forex Books Available

    Forex books can be availed anytime and at affordable prices. These books are dedicated to help and guide you especially if you are tenderfeet in the market of forex trading. A lot of books have been written for the particular purpose of helping people out in making money from trading currencies. In fact, not only the forex trading itself has generated craze all over the internet, but also advertisements about these books.

    What could usually be found in forex books? What information could be found in such books? How about the veracity of information provided in these books? These are just a few questions pertaining to the abundance of forex references being offered anywhere today.

    From the most basic guidelines to more detailed and comprehensive currency trading procedures, forex books all attempt to contain the kind of information they think would be their edge in catching the attention of interested buyers. A caution, however, is given to people by forex trading experts who know more about the science of this business. If you are to choose a book that would help you boost your abilities in forex trading, you need to be very vigilant as a purchaser. Remember to make the most of every dollar that you are going to spend for it.

    Choose the one which is more integrated and easier to understand. Also choose the book that contains specific trading examples that are lifted from real market experiences. Do not buy a currency marketing book that has nothing to offer but bulleted lists of tips and tutorials, those that are usually devoid of any informational meat you truly need.

    Timothy Stevens is a Forex Options Trader who owns http://www.NonDirectionTrading.com - He has helped hundreds of people on Trading Forex with Options.

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    December 15th, 2009 by admin

    A book about forex algorithmic trading?
    I’m looking for a good book algorithmic trading.
    I think Meta trader 4 is nice.

    Any suggestions?

    TradeStation is the Cadillac of trading platforms and includes the ability to write and backtest your own trading systems. It is the premier rule-based trading platform. Unfortunately, it is very expensive to purchase and has a high monthly fee.

    NinjaTrader will also backtest trading systems, and allow you to write your own, and is completely FREE, with NO monthly fee. There aren’t even any exchange fees - incredible. And their margin rates are $400 - $500 for forex and stock index futures.

    http://www.ampfutures.com/index.php

    If you want to send me your email address, I’ll send you several Forex ebooks.

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    Posted in forex book | 1 Comment
    November 28th, 2009 by admin

    Hi. I am a new student of economics and I have been learning about forex -foreign currency exchange- recently.
    It looks quite interesting and profitable to me, and I would like to learn more about it thru unexpensive methods, since I am at college and do not have too much money to risk
    Could you please recommend me a good book, website or forum about forex?
    Thanks
    Jack

    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, I’d like to start making a lot of money using the Forex (or Foreign Exchange) market. What product, bot or book or otherwise, should I use?

    Forex trading is simply high risk with high return. More than 90% of forex traders are making losses. Only the very good forex trader able to consistently making profit in forex trading.

    As a newbie, I suggest you start learning from trading using a demo account. All forex brokers now offer demo account where it work just same as real account. Learn everything about forex trading, fundamental and technical analysis. Trade in demo account for at least 6 months. If you can consistently make winning, then you may want to move on opening a real account with mimimum deposit that you can afford to loss.

    Here are some articles that could be useful for you as a newbie in forex trading:
    http://www.forex2u.com/guide/category/forex-newbie/http://www.forex2u.com/guide/category/forex-newbie/

    Good luck.

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    I Wish to learn how to Online trading, if any one knows which site teaching about online trading in tamil. or where can i download basics of online trading book in tamil.

    While MikeJ has a good point about the number of scams and high risk, that shouldn’t deter you from learning about Forex, which is an excellent market if you’re careful about your choices. Not every broker trades against you, and you don’t need a $2M direct account with a bank to profit. You just need to do your research on brokers before choosing one.

    Also, the majority of casual Forex investors tend to lose out either because they do sign up to a scam, or because they pour money into a live account while they’re still trying to learn (or when they think they have more experience than they actually do).

    Learn from a good Forex info site like BabyPips. You’re probably not going to find much written in Tamil, so an online translator is probably your best bet for that.

    You can of course always subscribe to a good signal package, such as one with JustPips, and let it help you make your real trades while you learn on the side with a practice account (eg. FXGame with Oanda).

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    July 29th, 2009 by admin

    i would like to know where i can find a good selection of forex trading books onile,

    Some links:
    http://www.forex2u.com/forex-downloads.html
    http://www.forex.labuan.net/forex-book.html

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