If I was to put in $1000 into a forex trading company, what is the realistic result I would get from that in one month period?

Answer
The Forex market is an excellent way to make money. What people do not realize is that there are three types of investors: Short-term, mid-term, and long-term. I myself am a short term investor, since that is the fastest way to get paid, making money on the little movements on the market. The only thing though is that you must watch the market like a hawk. It is a job, just like any other job, but it is a cool job. In order to really make money in the forex market, and enjoy life at the same time is to buy a laptop computer, go to Starbucks, or some coffee shop that has pretty girls walking by, (for motivation) and WORK!!!!! Watch every little movement on every pair.

If you want to invest short term, have a small goal. I trade on www.forex.com where you can trade on 200:1 margin. Now, you said you have $1000 to invest, that means you can trade 200,000 USD. What you do is you buy 5 lots and try to earn 10 pips on it. Do this every day for 5 weeks and you now have $2000. In five weeks your investment will compound.

Also, study the concept of Japanese candlesticks. You need to be an expert on how the Japanese canlesticks work. Here is that website for you. My e-mail address is ej105@hotmail.com if you have any questions. I will look forward to meeting you on the top of the ladder of success!!!!!!!

What to consider when choosing a Forex broker?

I have $5000 and I'm interested in trading forex. What are the best brokers on the internet?
Also when they say minimum trade size micro unit (1k) does that mean I have to buy at least 1000 units which is for instance for a currency (1.05) $1005?
Also what is the lot size? Is that the range of profit/loss? Like instead of gaining $1 for 1 pip gain $10 if I change the lot size?

Thanks

Answer
Wow... you're on your way to an unbelievable surprise.

There are no good Forex Brokers... there are only Forex Brokers that are not as bad as most.

The first thing you want to consider is where is the corporate headquarters (what country?). Assuming you're from the USA... make sure they are licensed in the USA. Do not, for any reason, deal with a Forex Broker not licensed in your home country.

The next thing is to compare the "spread" charges. All these brokers advertise "no commissions".You'd actually be better off with a commission charge than the way they charge (by the spread). Make sure that the pairs that you'll be trading have comparatively smaller spreads than the competition.

No matter what you see on the web (especially from the brokers)... understand that it will take, on average 3-5 years to be profitable in any type of trading. Forex traders usually destroy their account in days, weeks or months.

The free "classes" taught by the brokers are a joke. They concentrate on the least important aspect of trading, which is Technical Analysis. The two fields of study, significantly more important are;
A. Psychology (yours and the markets).
B. Risk Management.

Read 6-12 books on trading and another 2-3 books on Forex Trading before you open a Forex brokerage account.

Good luck!