Have been trading for 10 years (securities) am interested in learning how to trade currencies...but don't want to spend a fortune on seminars that tell be "green" buy "red" sell in their software. Any info on Books, great trading sw, gurus in the business? Thanks
A good question. Please post any information you find that might be helpful to others who are interested. Thanks.
Just watch the majors every day or look at them EOD, and read the news like on Forexnews.com. Watch Bloomberg TV and learn what economic release move the market. Do this for a year or two and trade a mini account. Don't try to daytrade for 20 pips here and there.
Hi wow22.....(Robin Dayne) Welcome to EliteTrader. I hope you continue to post?? We can all benefit from your knowledge. gotta_trade
I opened a demo acct at FXCM and ran over to the library yesterday. Took out a book called, "How the foreign exchange markets work", by Rudi Weisweiller. Might give a mini acct a shot after the demo ends. Not sure yet. Gonna look for some more educational materals too.
By the way just read another post about eSignal forex quote, it is interesting with the posts. This link looks good too for introduction: http://www.gaincapital.com/index.asp?page=FXIntro
Find more helpful links today: http://www.forexdirectory.net/ http://www.dailyfx.com http://www.fxcm.com
hi, i am new to forex also, but have learned a ton from www.dailyfx.com and by trading a demo and mini account. it is an extremely interesting market utilizing all your trading, news and intuitive skills. i love it ! best, surfer