Can someone recommend some forex trading resource?

Discussion in 'Forex Trading' started by DavidPepperman, Oct 6, 2009.

  1. Hi everyone

    I am new to forex trading and wanted to ask if someone could give me some insight on the subject?

    What course would you recommend? What is the true income potential? Is it really that risky or not? What can I earn if I invest $500?

    I would be grateful for any info you may share. Thanks in advance!

    Regards,

    Dave.
     
  2. sakhter

    sakhter

    Income potential depends on your pippage.

    With $500 and relatively low risk (micro lots).. you would need to make 1,000 pips to make $100.

    There is no magic course to forex. Experience is your greatest teacher.
     
  3. use a demo to trade for 6 months if you profitable in 6 months move to real money experience is the game... oanda is probably best for comming into the game... because of lot sizing... generally look to make 1-2% when you start a month using low leverage... being an overleveraged noob only ends up in you killing your 500 dollar account.
    nuke
     
  4. gaffled

    gaffled

    I learned an enormous amount from babypips.com. They have a school you can "attend", take quizes and get graded...try it out sometime.
     
  5. bstay

    bstay

    forex4noobs.com is also educational. actionforex.com too.
     
  6. gaffled

    gaffled

    Ah, thanks for those as well...I will have to check them out.
     
  7. bstay

    bstay

    one more before ET admin catches up, forex-strategies-revealed.com