What Can You Give The Tips For Trade The Foreign Exchange?

7 Answers

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   Lova Mis on Oct 14, 2011

   No advice other than learn how to trade first. Reading material I found helpful -> http://uploading.com/files/cb6f21d7/besttradingbooks-learningmaterial.rar/

2. 
   

   
   

   Kurtis on Oct 14, 2011

   Firstly Forex trading is risky and I would recommend you "learn", "learn" and "learn" about Forex first, you can do this at http://www.easy-forex.com/gtw/164450.aspx, on this site you’ll get free videos, ebook and an article all about forex. It’ll be a good starting base. You’ll learn all you need about forex.

   Secondly I would recommend opening a demo account with the forex site and spend some time trading on this account using the princples learnt on the site. This demo account will allocate practice money that you can practice with. The great thing about opening this demo account is that this is not real money but you’ll be able to trade in live market conditions with no risk to you whatsoever. This is also a great way to start learning forex.

   Once you make a profit with the practice money and are comfortable with the basics and trading forex, you can open a real trading account. Good sites provide one-on-one forex guidance. It takes a few clicks to open a demo account. The site http://www.easy-forex.com/gtw/164450.aspx requires only $25 to start trading. Best of luck with the learning and trading.

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   Quackm on Oct 14, 2011

   Money management is very important when it comes to trading real money
   You can consider using tools like: mirror.goldermarkets.co.uk to help you in your trade

   Only risk what you are able to afford to lose.

4. 
   

   
   

   FX on Oct 14, 2011

   You can start with demo trading. It’s better to understand the basics and learn how to trade before invest with your hard earned money.

   It’s not a must but it’s better to have a good trading plan that covers things such as money management, position size, strategies…etc.

   After you developed a good system trading demo account then you can start to trade real money but with only small portion of all your money to see how you handle trading real money. e.g. try $500 first if you have $5000. There are plenty of brokers accept very small deposit. Some also have mini/micro account so you can start with something like $100.

   How much money can you make? It normally depends on your system, money management and if you are disciplined. It’s definitely not easy but there are traders making returns of 500+% per month (of course their systems are a bit of crazy and risky. attached a link for you to have a look) but you will make pretty good money if you can just achieve 10% of that.

   Read a lot, learn from mistakes and I am sure you will become a great trader.

5. 
   

   
   

   Alexander Collins on Oct 14, 2011

   Hello,
   As for a newbie it’s too hard to trade manually on Forex market.
   You need to practice a lot on demo accounts or try to use at least semi-automated Forex trading.
   I can recommend you ProFx manual trading system. AlI you need to do is follow signals that provides ProFx and click BUY or SELL. That strategy makes 10% monthly profit according to official live and verified trading results on Forexeasystems.
   I also read a lot of positive feedback on DonnaForex, Fxfisheman, etc

   Hope, it will help you to become successful Forex trader.

6. 
   

   
   

   peaceandlove on Oct 14, 2011

   Here are few from my side

   Never start trading without learning the basis.
   Start by investing small amounts.
   Never go for making big profits as you might lose big amount instead of gain.

7. 
   

   
   

   Prince Max on Oct 14, 2011

   1. Look for a suitable forex broker. Personally I would recommend Easy-Forex because they have been around for 8 years, easy methods to deposit & withdrawal money using paypal, credit card & wire transfer. They also provide free seminars & training here http://www.easy-forex.com/gtw/198605.aspx

   2. Next familiarize with the forex trading. You can learn from here: http://www.get-rich-with-forex.com/

   3. You may use forex expert advisors & indicators to make more money. It worked for me. You can browse for good list of expert advisors & indicators at http://www.get-rich-with-forex.com/best-expert-advisor-indicators/