I want to start forex trade business in New york. So, I want to have knowledge about forex trade, training and the benefits of forex trade.

Answer
Forex for beginners (including education) is an essential corporative LiteForex branch aimed to popularize currency dealing service. For newbie traders only starting to learn the secrets of forex trading, LiteForex offers mini and micro accounts. These accounts have extremely low deposit level for gaining real trading experience with the minimal risk. Moreover, we first created Lite and 100K Lite accounts with a deposit of only $1!

How much can you make Forex Trading and how much do you risk?

how well the known systems work in Forex trading (carry trade,...) and how much do you risk applying them, and for how long?

Answer
Traditional trading of stocks on margin at 2:1 leverage is considered risky. Forex is leveraged at 100:1 and even 200:1 but few people take the time to understand this and simply focus on potential profits. All beginners focus on all the wrong things like "How much can you make?"

How much do you risk? Beginners risk their entire account and their house every time they put on a trade. How long? minutes. A leveraged position is almost impossible to hold more than an hour by anyone less than an astute trader. Most people don't have a clue what a trader is or does, but it takes many years to become an astute trader. There are no shortcuts. Most people think that if they work harder and learn more, they will eventually become successful at trading like they would any other conventional "job"; not true. Most very smart, hard-working people lose money trading.

Factoid: 90% of traders lose money, regardless of what they trade.

The carry trade is generally done only by institutions with millions of dollars to invest and need a place to park those millions.

Known systems? You mean that make money consistently? Myth.

I am a forex beginner. I've been trying different indicators to help me profit from forex trading, but most are complicated and difficult to understand. I am glad if someone out there can help me with something easy and reliable.

Answer
I have two moving averages you can use on my website and they are totally free, this would be in lieu of MACD but its all trend based. Do not apply these to one timeframe, apply these to multiple timefremes and start with the largest trend first to monitor or analyze a pair. There are screenshots there on how to set them up with on a metatrader platform and how to use the free price alarms too to monitor movement.

Go to the website and click on "complimentary trading tools" for full setup instructions.

here are the links

http://www.flickr.com/photos/24224310%40N05/

http://www.forexearlywarning.com/charts.cfm

Good Trading
Mark Mc Donnell
www.forexearlywarning.com

What is the best forex training course I can buy? What is the best book on forex trading?

I am a beginner who wish to learn before forex trading. Thank You.

Answer
I don't know about buying a forex training course when theres so many resources on forex online. Here are some of the sites that i use to teach me more about forex/sharetrading. The websites below have very helpful resources regarding currency trading & theyre all free! I've personally found them very useful in learning about forex trading and its sharetrading counterpart.