Answer
Forex trading is the buying and selling of currencies. Investopedia had a good definition (and video!) Here:

http://www.investopedia.com/terms/f/forex.asp#axzz25QAKIlz9

forex trading method????.?

i am a rookie.. i started to research this crap 3 days ago but in short
1:40 leverage
using the pivot system s1,s2,p,r1,r2 with the macd and EMA 9,18
my question is this

is my method of using a one hr and 5min chart sufficiant??

if so and you are familiar w/ what i am doing

could ya give me a few pointers???

i am going to start a real account with 200 cash i know it is not much but in my practice acount of 100k i am only wagering $200 dolla at any given moment so far by using $200 i gained 4 dolla in 3 days is that good??? who cares about dollers i know 4 dolla is crap but is the % decent???

thanks 4 any help

Answer
Save your $200 and trade the simulator for free, until you have enough data to see a trend. Three days is squat, meaningless.

You should trade the simulator for at least six months while you learn. Don't get in a hurry to lose money. When you begin to make "virtual" money, then you can open a live account and risk your own.

There are literally thousands of indicators. You have to decide what works for you, and it will take you years to try them all.

Try instead to decide your time frame, and your risk level, and learn good money management techniques, then maybe you'll stick around awhile.

Or just jump right in there and blow your $200, then come back here and blast us all for how risky Forex is and how it can't be done and what a SCAM it is.

Here's the Forex simulator game called PriceMotion
http://www.expertworx.com/pm/Forex%20Market%20Educational%20Game.htm

http://www.tradingeducation.com/forex_trading_primer.asp

There are also great resources for Forex at Investopedia.com
Here are some others

http://www.premieretradeai.com/

http://www.forextv.com/FT/Video.jsp?channel=41

http://umgarticles.atspace.com/forex-trading.htm

http://www.fxstreet.com/rates-charts/usdollar-index/

http://forex.tradingcharts.com/

http://www.dailyfx.com

http://www.forexbastards.com