how do i start forex trading?

Saturday, February 8, 2014 , Posted by Ryanita at 1:00 AM




jossy





Answer
How do you start forex trading? For an institution: you either get hired for a job to do that or for private traders: Well that's simple to do. You call up a forex dealer. Tell them you want to invest some money in trading foreign currencies. Send them your money. Login to your account and start trading forex!

But no. I guess you weren't really asking that were you? In addition to the mundane process of joining a forex dealer. The next task you must undertake when thinking about starting to trade forex for profit (and perhaps for a living or a side income) is to educate yourself.

Education is key for successful forex trading. You must start learning the basics about trading and to analyse the markets. Do your research: ask friends and traders what they do, what they think and what they advise you to do if you want to start trading.

But remember, the secret key in forex trading is DISCIPLINE. Without the discipline for trading plans, rules and education, you will definitely cut your chances of winning in the forex game.

hello i want to start forex and stocks trade online is internet safe media to trade if password and login are?




arshad i


if password and login are encrupted please guide me.thanks


Answer
We would love to take your money. Just jump right in there, open an account, and start trading.

Otherwise, if you want to protect your capital, you should probably begin by reading several books, and trying your ideas out on a simulator first, or paper trade.

I use PremiereTrade for Forex, and they have one of the best help systems available, seminars, chat rooms, Message Board, and Live Trader Commentary. You will pay $3,000 for the software and $100/mo for the live data feed.

I also use TerraNovaOnline for trading stocks and stock index futures, and as a backup data feed and broker for forex futures. I pay $250/mo for their data feed, and lease of RealTick, probably one of the most sophisticated and technologically advanced trading platforms and charting packages in the world.

You will pay for your market educatin one way or another. It's a lot cheaper to delay trading until you know what you're doing.

FOREX

http://forex-trading.bluecollarnews.com...

master trader?
http://www.robbooker.com/

useful e books:
http://www.rapidforex.com/
http://www.traderssecretcode.com...
http://www.1forextrading.com/

How to start trading online

http://www.bernanke.cn/stock-trade/
http://www.stock-trading.jims-info.com/...

http://money.howstuffworks.com/...

http://www.investopedia.com/

http://sharebuilder.com/

www.stockcharts.com

Learn how to analyze risk, and make this your primary approach, not by compounding profits and erroneously analyzing how much money you can make. For example, most traders don't make any money at all; more than 80% blow out.

Learn about money management techniques, and maybe you'll stick around awhile.

Try to find these books:
"Which Is Better, Buy-and-Hold or Market Timing?"

"Do You Have What It Takes to Be a Market Timer

The Beginner's Bible in Technical Analysis is:
Edwards & McGee"Tech. Anal. Of Stock Trends"

Kahn, Michael N.Tech. Anal. Plain & Simple

Kamich, Bruce M.How Technical Analysis Works

Lefevre, EdwinReminiscences of a Stock Operator

O'Neil, William J.How to Make Money in Stocks

Oz, TonyHow to Make Money From Wall Street

Rotella, Robert P.Elements of Successful Trading, The

Schwager, JackStock Market Wizards




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