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[Ganaku]

Foreign Exchange is the simultaneous buying of one currency and selling of another. I understand is a good business but I have no knowledge about it. I read books but could not understand the trick. Can someone put me through all the steps and tricks I need to trade in the forex market. Thanks.

[Shem]

Forex trading is risky but worth the risk once you excel in it. i would recommend you visit this site for more info regarding trading. you can download a free e-book which will show you everything you need to know about forex. if you register, you can even have a personal account service manager who will work closely with you and guide you on your first trading steps until you get familiar with it and get acquainted with the tricks. check it out.

[HaroldHsu]

Hi,

The technical steps to Forex trading are not difficult to learn at all. You'll be able to easily find information regarding this by doing a simple search on Google.

What's difficult to learn about are the true dangers of Forex trading. Many Forex website attempt to 'share' with you the risks of trading, but very few actually know what they're talking about.

If you'd like, you can download my free guide at http://www.forexsystemprofits.com to help you on your learning journey.

Hope this helps.

[Joshua]

My advice is get informed the more informed you are on the subject the less risk involved. I found this site which seems to be pretty informative well newsletter wise. http://hpd.makemoneyonforex.com

[wipe2001be]

There are a lot of websites where you can learn about forex trading for free . My advice to you: Before you risk any real money, first learn how forex works and how to apply a profitable strategy or system, then and open a forex demo account to practice. PS. If you can't make any money with demo trading, you won't do either with real money. Just take your time..
Good luck.

[dear_eggie]

Like the saying goes, the devil is in the details. Talking is cheap. Doing is the hard part. Forex trading is really simple. Open an account, place a trade and hopefully make a profit.
How to trade ? Easy ! look at the chart pattern, for example triangles, check the technical analysis book and see what it says. Normally, for triangle, it will extend on breakout the height of the triangle at the widest point. So you will have a exit point. Entry being the breakout point of the triangle. So, you have am entry and exit. Buy and sell point or Sell and buy points. Enter that into the program and watch how it goes !

You can trade triangles for a living. But of course life is not that simple but in esence that is what it is. Thats Forex Trading.

What you need to learn is how to drive the Forex Ferrari, powered by leverage 200:1. That means you can bet $200,000 for every $1,000. Imagine the casino telling you, you can bet $200,000 on th ehouse for every $1,000 collateral. Meaning to say you have $200,000 but you can lose only $1,000.

Wow ! but becasue the leverage is so big and the volatility is so high, $1,000 can go very fast. Imagine that if you had bet only with $1000, your loss is only $5. But because you are betting $200,000 or 200 times that. Your loss will also be multiplied 200 times. Meaning to say, 200 x $5 = $1,000 loss. So in one bet you could have loss $1,000 and game is over.

BUT, if you win, you win 200 times. That means $1,000 profit. So your $1,000 have made $1,000. 100% profit !!
If you had stuck with $1,000 per bet and $5 win /bet it will take you 200 bets.
So now you have made $1,000 in 1 bet. Not 200 bets. And that must be all 200 wins with zero losses. You see now the beauty of leveraged Forex Trading ?

The down side is limited to what you put in, and the profit so much faster. The catch is that you lose that $1,000 so much the faster.

So to win in the forex game you will have to manage your winnings to losses with stop loss. When you win you must win 3 times or more of what your losses are. So if you fixed your stop loss to 30 to 50 points [0.0030 to 0.0050] your anticipate dwinnings per bet should be at least 100 to 150 points. So even of you win 50% of the time your winnings in $$ terms will still be ahead.

[ioop]

Hi there,

Forex trading is a risky business, you can invest a lot of money in it and lose it all in one day or earn much more with the money.

I advise you to visit this site because it has a list of articles to let you know more about forex and tips and strategies for improvement

Cheers

[UrikaDotBiz]

There is a wise way to look at trading foreign currencies. Learn how ordinary people can make extraordinary incomes with FREE ACCESS to a unique foreign currency trading system at http://www.homebusiness-opportunityseeker.com/learn-forex-currency-trading-online.html

[Livermore7188]

The best thing you can do is to learn everything you can about Forex. Then you need to practice on a demo account before you commit real money to your trading.

[ForexMaster4872]

Easily the best site to learn about forex trading from is http://www.trademoney.com It has whole books there that you can read, videos, and other stuff to learn, and it is all free. great site. Good luck in your venture into this world of Forex.

[the forex man]

i would say go over the forums and then start a demo account and get hands on, real time practice. Probably the best way.

[kenny1703]

Originally Posted by Ganaku

Foreign Exchange is the simultaneous buying of one currency and selling of another. I understand is a good business but I have no knowledge about it. I read books but could not understand the trick. Can someone put me through all the steps and tricks I need to trade in the forex market. Thanks.

you may to search some document on google. a lot of document training there.

Ok dont believe what you see online as free.
Nothing is free in life

[riodan]

Since your a neophyte in a forex trade, I advice that practice first on a demo. That's the first thing you have to do, since it doesn't involve real money.

[hale24]

i agree with that. online demo helps a lot. even if you make errors it doesn't matter until you learn. and through that soon you'll be ready enough to try the real one. you can search through net there are so many links there that would surely help you.