Hey, I am hebby for forex trade. I concentrate on EURUSD and using IFX markets as my platform. I am wondering which websites have the latest news? And what do those wallstreet guys do, which website they surf the most?

Answer
Forex is the biggest market in existence, with the greatest number of advanced professional traders and the lowest probability of success for newbies. It's a losing proposition.

Most newbies are looking for a get-rich-quick scheme, and the high leverage of forex seems just right. Forget it. Leverage is the killer of the newbie, and you'll likely blow out before learning anything.

If you insist on trading currencies, trade the currency etf's without leverage until you develop consistency, then add leverage later.

â¢FXA - Australian dollar
â¢FXB - British pound
â¢FXC - Canadian dollar
â¢FXE - euro
â¢FXY - Japanese yen
â¢FXF - Swiss franc
Currency ETF List
http://etf.stock-encyclopedia.com/category/currency-etfs.html

TRAITS OF SUCCESSFUL TRADERS: a four part guide
http://www.fxcm.com/docs_pdfs/fxcm-traits-of-successful-traders-guide.pdf

My advice on trading forex:
http://answers.yahoo.com/question/index;_ylt=AqT3VpsJyXSkmJbqt3fKci7ty6IX;_ylv=3?qid=20120503085134AAuPSy2

http://www.dailyfx.com/
http://www.fxstreet.com/
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

Forex Walkthrough
http://www.investopedia.com/walkthrough/forex/beginner/level3/trading-currencies.aspx

How fast does Forex Megadroid trader make money?

Ive read that using this robot will "quadruple" your money, well how long does it take for it to quadruple your money
Because quadrupling your money in 10 years, and in 1 month would be a very different thing

Answer
The Federal government warns there are a lot of Forex frauds out there, and these Forex robots like Forex Megadroid appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud.

There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. For instance, you might meet a person called "Zboy227" who says "I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/Zboy227." The "/Zboy227" tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission.

There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner's luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive.

I may point out that websites that sell Forex robots admit there are a lot of scams out there. Of course they claim the other guy's robot is a scam, but their robot works. If you do a web search on the words "forex robot" and "scam" you will find a lot of sites saying their competitors are scams.

I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works.