Nick is right, dump FXCM and go with anyone other than them. Well, maybe not ANYONE, but you get the drift. Use the search function, spend some time searching for your answers, they are already in the archives. I don't use them, but I've read that FXMaster gives decent signals. Good luck~ Don
That's not what I said. <img src=http://www.usborneonline.com/images/makereadingfun.jpg> You & the Forex market deserve each other.
stalkstalker62, First of all, welcome to ET. We have many "seasoned" traders posting here, and you can always rely on good information and sometimes from pro's. You will quickley learn to weed out the chaff from the wheat. Many here have learned to trade from the ground up. some start with a signal provider...some start with a charting program...some start with excel spreadsheets. Good research awaits you here among the Forex trading forums and I would never be so bold as to tell you not to trade Forex or to trade this or that... I think that your future will be fortified by searching around the archives here in ET...there is good and bad said about everything and you must try some things to learn for YOURSELF in the somewhat independent, global trading world of currencies. ET is rich in information, waiting for you to decipher. Good Trading To You and thank you for posting.. Michael B.
Many charting programs can have trading systems programmed into them, TradeStation, MetaStock, AmiBroker, plus there's 'dedicated' charting programs, read thru ET's 'Software'. While most trading systems work with most financial instruments, the free MetaTrader 4 charting program is â broker specific, mostly forex pairs. You can use MT4 for trading decisions and enter trades with any broker, as well, MT4 will enter B/S trades automatically with those brokers providing MT4. Here's the largest MT4 forum where there are dozens of trading systems and indicators: http://finance.groups.yahoo.com/group/MetaTrader_Experts_and_Indicators/
\ this gheezer has some balls to challenge the most knowledgable and profitable member of this board, but in the end that doesnt really surprise me since all those that trade fx come across as uneducated freak show type arseholes.
Welcome to you and good luck. First, I assume you are not committing a large bankroll at this point, so treat the nickels and dimes you have now as millions of dollars. Because that is what they can become if you -- (1) avoid the obvious sucker mistake of risking your money on pixy dust such as paid signals and/or signals software; (2) fully understand the game you plan to gamble in, a point which specifically refers to the rational incentives, practices, and largely opaque risks that obtain and operate in retail forex (since thatâs where you say you are starting); (3) avoid the mistake of trading products before you have a basic understanding of the factors that change their values; (4) are intelligent and discerning enough to know when you have reached a point where your predictions of market action are good enough to risk and win money on; and (5) understand and expect that, if you stay with this work and defy the steep odds against success, the knowledge you have today and the knowledge you have later will be so different as to be unrecognizable as being drawn from the same general subject.