I've been reading on this stuff and I wanna know more, I know there's a lot more to know than bid and ask, I've set up a demo account and been doing pretty bad haha, I just wanna know what advice can you give me for me to get a better understanding of how all this works? what's your method of doing things? you don't have to give me your secrets haha just tips on how to better my chances
how do you become a pro without first being a amature?

Answer
My advice is to read books on trading, forex is just another market. It trades like a commodity. You'll be surprised at the number of books at your local library, or through the interlibrary loan system.

"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"

Droke, ClifTechnical Analysis Simplified

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

Kamich, Bruce M.How Technical Analysis Works

Lefevre, EdwinReminiscences of a Stock Operator

Lofton, ToddGetting Started in Futures

Lowenstein, RogerBuffet (Warren)-The Making of a Capitalist

Rotella, Robert P.Elements of Successful Trading, The

Wasendorf, RussellAll About Futures

Slutsky, Scot and Darrell JobmanComplete Guide to Electronic Futures Trading, The

Extraordinary Popular Delusions and the Madness of Crowds" by Charles Mackay

The Intelligent Investor, by Benjamin Graham



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

http://www.investopedia.com/

There is no one indicator, there is no get rich quick scheme, there is no pot at the end of the rainbow.

Like any vocation, it takes hard work, lots of study, and the testing of your theories, learning what makes you tick, learning your own particular time and stress levels, and fighting the emotions of fear, greed, and loss of hope.

Most traders spend their entire time looking for the Holy Grail of indicators, and that's why 85% of all traders fail.

Your success or failure lies within you, not some indicator.

Get a mentor or trading coach.

Develop a Trading Plan.
Entry Price, Price Target, the max Iâm willing to lose, the time frame, the size of the position, and the date of any reports on the news.

Create a written plan. A plan is composed of two primary parts:
1.The blueprint is a preliminary action plan developed before trading begins. Review the plan every few weeks. It is a living document that evolves over time. I always revise my plan for the summer trading season since summertime market conditions call for different strategies.

2.The Journal is a day-to-day microadjustment of the blueprint. This is the document that requires you to adhere to your plan. Emotional aspects of trading on a daily basis are written in here. Questions such as: Did I follow my blueprint today?

Have 3 things absolutely clear in your head before doing a trade:

1.Why are you making the trade.
2.Where are you going to get out on the profit side?
3.Where are you going to get out on the loss side?

Develop conviction.
The market has little room for arrogance or ego.
Avoid holding positions over weekends.
Scared money never wins.
Size the trade.
Avoid chaotic stocks, like penny stocks
Do the research.
Forget about chat rooms.
No clarity, no trade.
Day trade the ranges and swing trade the trends.
Donât make it rocket science, âcause it ainât.
Know thyself.
Inspect what you expect.
Update and review weekly.
Donât lie to your spouse or significant other.
Be humble and admit mistakes.
Never let emotions control you.
Avoid stock tips.
Never take home a loser.
Learn to lose.
Make trading a habit.
Never let your attitude suffer.
The market is always right.
Average winners, not losers
Never let a winner turn into a loser.
Take profits often.
Never mix disciplines. If you open a day trade, close a day trade.
Never try to trade back a loser. Donât fight the tape.

Quick Questions about forex for a beginner?

How much volume = $1 US?
.01,.10,10, etc?
What happens if my profit shows negative?
ex: What if I have $25 in the account and the profit goes negative to let's say -$50. Will the broker automatically sell it or am allowed to keep it until it goes back up? Will I have to pay the broker the difference of $25?
Thank you
thank you aaron brown

Answer
$1 US per pip of market movement is 10,000 units, which is 0.1 standard lots, which is 1 mini lot, which is 10 micro lots.

If you are rather asking how much Forex you can buy for $1, well, that depends on your leverage. If your leverage is 1:20 then I think the margin requirement is $25 dollars per micro lot, that's how much your broker will put on hold in your account just to open the trade.

Your profit in your account cannot go negative, your broker will not allow it, they will close your open trades before that happens, which is called a "margin call".

Sounds too complicated? Exactly. That's why I said in my last reply, you should consider some of the strategies at http://comefollowme.zulutrade.com/Performance.aspx as they can help you get started with the Forex.

Twitters, mt4sync or something like it, anywhere I can watch beginners trading. I don't care about professionals.
It's for testing some theories a friend and I have come up with. If there's anything worthwhile about our research I'll be happy to share it.
Seriously? I am capable of finding a beginner guide, I just want what I asked for!

Answer
Dailyfx has a good forum.
http://www.dailyfx.com/
http://www.thestreet.com/

I've been successful trading forex for more than a decade, until the financial crisis started and all of the rules changed (and are still changing). This is a crisis-driven, debt-driven, news-driven, politically driven market now that only moves in fits and starts. It is complete chaos and only the sharks are left. Who can guess what another idiot politician will do next? It's a fool's game, especially for a newbie. Worse, the newbie disregards risk and leverage, focuses on profits instead, and looks through rose-colored glasses and hindsight, and everything is just rosy, right?

At least with free markets you have a chance, but not so with gov't controlled markets. FX markets are unregulated, except by the banks themselves. If you enter their world, especially now, they will have their way with you.

If you really want to dabble with currencies, start without leverage using the currency ETF's. You can do this in a standard stock account, without opening a new FX account. The regulated exchanges are more consistent, more reliable, and the rules are constant and known.

Currency ETFs are a way to play any dollar-related trades. These ETFs are just as good as trading spot forex. The only difference is that the ETFs are not leveraged. Below is a list of some of the currency ETFs that are worth trading:
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

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

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

What is the simplest way to win in binary options for a beginner?

I am looking for an online binary options broker who offers many demos for beginners, an easy system and offers Trader's Choise investments. Also, I need a broker who can/will show the correct time for my area plus the correct expiry time of the binary options.

Answer
The short answer is there is no simple or guaranteed way to win on binary options.

Binary options are are a trading tool for trading stocks, forex, commodities or indices. You bet if the asset (e.g. stock) will go up or down in the specified time (usually a few hours). If you're right you get your money back plus some profit. If not you lose most of your money.

Like the stock market, there is no guarantee to be right.
And like gambling there is no betting system where you always win.

You can definitely make money trading binary options but I would stay far away from any system that "guarantees" profits.

I"m just starting to learn about the forex market and I am wandering witch sites are the best for newbies.Thanks

Answer
Google forex and look at the sponsored links. They all operate about the same way, so sign up for a practice account and see who's software is easiest for you to use and who has the online training you need. None of them are bad. It's just different styles for different people.

What is the best forex trading strategy?

I have been reading about trading forex but I am unsure about the strategy I should be using. I have read about so many different strategies and they all claim to be the best and easiest. I was just wondering if anybody had any real experience trading forex that could recommend a good strategy to start out with.

Answer
If you are a beginner, i suggest you to use Marketiva, which is a very good platform to start trading with and very easy to use.

Marketiva gives you 5$ real to start trading so you don't have to deposit and if you made profit from it you can cash out, this is why it's very good for beginners. Their platform is very easy to use and they have support during trading hours for your questions, doubts etc.

They also have chat channels where you can talk, exchange opinions and ideas with traders of your country or international traders.

To open your account please visit http://www.marketiva.com/index.ncre?gid=3371

I am looking for an online binary options broker who offers many demos for beginners, an easy system and offers Trader's Choise investments. Also, I need a broker who can/will show the correct time for my area plus the correct expiry time of the binary options.

Answer
The short answer is there is no simple or guaranteed way to win on binary options.

Binary options are are a trading tool for trading stocks, forex, commodities or indices. You bet if the asset (e.g. stock) will go up or down in the specified time (usually a few hours). If you're right you get your money back plus some profit. If not you lose most of your money.

Like the stock market, there is no guarantee to be right.
And like gambling there is no betting system where you always win.

You can definitely make money trading binary options but I would stay far away from any system that "guarantees" profits.

Where is the good resources for me to start with Forex?

Im a new beginner in Forex, who can tell me where to find good resources to start off with?

Answer
Start with free resources, I'll leave a couple on the sources box.

Then practice in a free demo account and you'll be able to learn a lot without spending any money ;)