Currently a university student in Australia, majoring in Economics and Finance. This semester, I am doing a finance course where I am expected to go to a dealing room and start trading - dealing simulation. So, there will be two groups where companies will be quoting from banks (companies and banks).

I'm out of ideas as to how I should trade and be the best in the dealing room, in terms of strategy. Any ideas? Five stars for best answer. Thanks!

Answer
Download NinjaTrader for free and use their built-in simulator and start trading now real-time, with professional indicators and charts. At the very least, you'll get a feel for actual trading and terms and definitions and what it all means. Your finance class should give you ideas on how to make money. Otherwise, email me, and I'll send you some ebooks on Forex trading. You'll have to send me your email address for me to send an attachment.

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

They won't require you to fund the account for several months, maybe six months. The data feeds for forex and futures are also free.

You can also download ThinkOrSwim for free also, but won't have access to the data for export/import into Excel or other program, where Ninjatrader you do. Ninjatrader is great for the small trader, and you can start with as little as $500.

http://www.babypips.com/school/market_hours.html
http://news.tradingcharts.com/forex/headlines/Forex.html
http://forex-trading.bluecollarnews.com...
http://www.forex-learning.com/forex-trading-technical-analysis/forex-trading-technical-analysis
useful e books:
http://www.rapidforex.com/
http://www.traderssecretcode.com...
http://www.1forextrading.com/
http://forexmarketsuccess.com/forex-ebook/

Forex simulator:
http://fxtrader.investopedia.com/Registration/Register4.aspx

How can I get started with Forex Trading/ What sites are legit?

Hello, so i have been trying to figure some ways I can start making money online and I have looked for a while and I know it takes work but one thing i was interested in was something I found called forex trading, however I have not been able to find a clear guide on where to get started and what sites are legit, please help I just want a steady income online , not big bucks or anything

Answer
There are many free resources such as articles, ebooks, website...etc on internet.

These are some basics you should know before you trade:
- how does forex trading work?
- what are the major currencies and different sessions (e.g. EUR/USD, London, New York, Tokyo, Sydney sessions)
- how to read quotes/charts (e.g. buy/sell, candlestick...etc)
- learn technical analysis (e.g. moving average, MACD....etc) or fundamental analysis (e.g. news...etc)

then
- choose a broker and open a demo account (there are many brokers out there and most of them provide free demo account)
- keep learning and trading demo until you find a strategy that suits you and can make profits constantly.
- open a real account with real money.

To be a successful trader, these things are very important:
- mindset
- money management
- find a strategy that suits you
- have a trading plan and follow it

There are too much to mention here. Feel free to visit the website provided or contact me if you have any question. I am more than happy to help.