I want to know about Forex trading (just for my knowledge )

I do not understand how 95 % people lose money ?

is there any given time that you can hold the currency ? or can you hold it for a long time(like 1 year ) (like stocks ) and sell it ?

if some one starts with $10 ,what is the maximum that he can earn from ONE DAY (assume that he is the best forex trader in the world) :P ?

Answer
95% of Forex traders lose because they are amateurs with more hopes than skills. They play against seasoned professionals who have been doing this for a living over many years, equipped with the latest in news feeds, computers and algorithms.

What makes you think amateurs have much chance of winning against them? there will be one or two here & there, but the vast majority will lose most or everything they invest.

The $10 you mention is a rounding error in the trades of the professionals. You will need several thousand dollars to even start.

Best to go and borrow some books on Forex from your library, and read them. You will be far more informed, and in a better position to succeed.

What is the best Forex Trading strategy in a dealing simulation (over-the-counter)?

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