You can start learning by vising free websites like http://www.freeforexebook.org/ , http://www.forextopten.com/ , http://www.topforexeducation.com/.
The presentations made the concepts clear. I'm based in India. I don't know how to go about these exactly! Who shd I contact? where'll I find a FX broker / FX Broker software using which I can place my deals?
If there's someone who's using this method to earn money, I'd appreciate some personal advise! I guess 2 trillion USD turnover a day has enough for all of us individuals to thrive on!
Thanks, in advance!
They have a free ebook on all about forex trading which you can download for free, read and enlighten yourself before you start trading.
You can also invest as little as $25 to test your trading skills.
There are other numerous advantages which they offer as well.
I am a hardcore trader too.
Happy trading…
Are buy and sell orders put by u executed in click-time (generally, irrespective of volumes traded)?Can u explain abt ask price and bid price in general?
What abt Direct Access Trading with no brokereges….is it open for everyone?
If its only thru cash with no margins…then can we own the shares at the end of day if prices r down like normal buying of shares? or diff set of rules apply for ID trading?
Is thr a min. amount to start with for trading?
In brief,what and how are diff types of ID trading done ?
TIA
select few
ebooks on 4shared.com
use chart install medved quotetraker freeware
5000 is ok
on a notebook computer used for day-trading? Thanks.
Typically, minimum specification is
512MB RAM, 128kbps internet connection, Microsoft office suite for keeping records.
Interactive Brokers has been around a lot longer and will let you make any number of small trades for $1 each.
There is an old adage that you shouldn't confuse genius with a bull market. Have you traded successfully through a downturn and learned when to go short or flat? If you have, and you don't choke with real money on the line, you are a rare breed.
If you have $5,000 you've got to limit your number of positions. If your goal is $50 per trade, you'd need 1% return on your whole $5,000 stake on every trade. That's pretty ambitious for true daytrading, and if you have a drawdown to $2,500, you have an impossible 2% goal.
Another issue is that if you make a few day trades in a small account, the broker will cut you off because the SEC requires a larger minimum balance for "pattern day-traders". The balance doesn't have to be cash, it can be other stocks that you aren't trading much.