Hello everyone I am new here and I am looking for information on how to begin in Forex, so I would appreciate that someone give me a hand and show me the way.
Whatever you do... beware of a guy name Mike or Michael Parker with the handle MP6140 . http://www.elitetrader.com/vb/showthread.php?s=&threadid=79831
I was expecting information here in this thread, but the link also provided me with useful information on the Forex scam artist, I didnât expect that here but I guess those kind of people are everywhere. So how can people like she and I get started?
I remember using a practice trading account at http://fxtrade.oanda.com/forex_trading/fxgame/ a few years ago. You might practice trade and learn about how to choose the appropriate position size. It is a little different from trading stocks. Currency exchange rates can trend and trading methods are similar to methods used for trading securities.
I don't trade forex... it is largely unregulated. It's hard enough to trade and make money in any instrument without having to worry if your broker is going to screw you. It's like a bucket shop. If you can, trade currency futures instead. If that's too expensive then just trade equities. Good luck.
Hello I donât know who you are and what is an ip address! On another note can someone help me with information on what indicators work wel in pairs, thank you.
I just wanted to repeat similar comment being that i only trade futures contracts for currency for the regulatory protection too. The currencies are the biggest commodities and when they trend they trend well. Excellent opportunities in the last few weeks shorting the pound, eurocurrency and going long on the dollar. good luck to you
Ok well I am just a beginner and I like trading on my demo in forex, now I am looking for some easy to understand and use indicators that work in pairs or alone it doesnât matter.
The best information about beginning is babypips, but if you have not gotten your demo or practice account well I recommend Tradeview Forex, if you have one then make sure you know which it is because not all platforms work in the same way and the information given could be wrong, I hope this helps some.