I recently got a practise account for Forex Trader and i would like to try out Megadroid Forex to see if it would be worth getting with a actual account on Forex

can you give me a web link where i can get a free trial of Megadroid Forex for my practise account?

Answer
hi,
here u can find best a list of forex trading platforms to practice or for real trading which most traders use
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http://forexplatformslist.com
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good luck

Forex Trading practice?

I am interested in Foreign Exchange trading. I went to forex.com and they have a "Practice" account that gives you $5k in fake money to trade with.

I down loaded the program, and started trading. I bought some USD vs GBP. I bought when one was down, and 5 mintues later it was back up. Essentially, I made $200 in play money in -15 minutes.

I literally started with $5,000 and ended with $5,200 after I liquidated everything 15 minutes later. Would it be this easy with real money in my account? it cant be.

Also, whats the deal with "Leverage"? 100x leverage, so every $10 I put out I can somehow trade with $1000?? So if I loose $1, I really loose $100 of this company money?
I ment to say, I started with $50,000 and ive actually ended with $50,395.00.
program started me with $50k fake money, ended with $50,395 fake money

Answer
You will find a big difference when you have your own hard-earned money on the line. The emotional stress seeing your losses mount by the minute ( or even second ) can be very high.

And do not forget commission - that will either reduce your gain or exacerbate your losses.

And leverage is the kind of thing that will wipe you out - and potentially leaving you in debt for a very long time after that.

Be very cautious in Forex - you are a beginner, and a small player; the odds of you becoming wiped out are high. You are pitching limited skills and experience against the professionals who have been doing this for years with faster and more sophisticated equipment and information systems.

I have read a few books on FOREX trading and have been trading with practice accounts successfully. Before I try to do this full time I want to meet with someone who has already taken the plunge to get advice on trading for a living.

Answer
Hey ZZ,
Your best bet might be to go to meetup.com and look under investing strategies to see if there are any Forex related groups already organized in your area.

You can also find quite a few Forex folks by searching on Yahoo 360.

I don't live in Detroit but I would be happy to answer any questions that you may have.

Paul
pupp52@yahoo.com

How does forex trading really work; what are the driving factors behind the FX markets? - I'm a newbie?

I am a relatively new person to forex trading who's had practice in demo accounts, and I'm wondering how forex trading really works, i.e what are the dring forces behind the forex markets, what moves them, etc? Please help/advise as I'm quite new to them. Thanks.

Answer
My best advise to you -- don't do it. This is strictly for professionals and they don't even get it right sometimes. You're more likely to lose than gain.