Most of the trading in fx markets is done by major banks, for their clients or for their own account. The 'fool' may have been a government, or a company needing won to pay for a shipment, or an oil company, or a bank. The dollar isn't 'propped up', it trades quite freely.

Yes.

Well, fx cfds are great and hedge funds use them to make millions.. but day trading? the answer above said it.. a losing game.

i think sometime ago i came across a emperical studied that proved day-traders lose everything in the long-run.

some of the best traders dont over-trade. they don't commit without any goal.

investment is key.

can potentially make lot of money from trading cfds from making 10 trades a year – holding them for sometime -provided u have the margin.. than from day-trading. the money u make today ull lose tomorrow.

U can try this in the demo account .
and u can trade oil ,gold, NASDAQ 100, DJ 30 , and many more .Forex trading .

http://www.avafx.com/?tag=7777

Your chances are good if you;
Take 6 months to a year reading, learning and paper trading.
You fully understand the fundemental and technical aspects &(just as important) use very exact money management techniques.

Ignoring the above will put you with the 95% of people that blow their FX accounts (usually very very very quickly).

Consider yourself warned!

This is a great market for those that take the time and make the effort. All others lose big.

People who bad mouth FX, don't trade it. Yeah they probably lost there money because they didn't know what they where doing 10 years ago when retail FX got started. Educate your self, Buy a couple of books and open a Demo account for a few months to get the hang of it. Start small and build your knowledge and your account. Don't listen to the nay Sayers there to busy spending time on here collecting points.

Crawl, Walk, Run. Sen. Clay Davis – The Wire

Start learning the basics of fundamentals and technical so you will be more informed in your investments. You can find all the basic info you need on websites for free.
This site should give you a good start.

http://finance.yahoo.com/education

Try what you learn on demo sites. If you pick 75% right with play money then you might be ready to start slowly investing.

http://simulator.investopedia.com/

http://simulator.zacks.com/

http://www.fxcm.com/open-free-100k.jsp

http://www.alpari-idc.com/en/metatrader4…

Or just google for more.

I use Lightning Strikes Trading System for trading in any time frame and it works on forex, stocks, bonds, etf's, mutual funds, etc… They have 3 free training sessions a week and you don't have to buy the software to join in the live chat and text. You can even watch some recorded past live sessions. Here are some past charts that I used.

http://f1.grp.yahoofs.com/v1/MB16R0zjjaZ…

http://f1.grp.yahoofs.com/v1/MB16RxjOUQt…

There are 7 indicators (2 short, 2 medium, and 3 long term) and if volume is reported another one is added (on balance volume). Plus whatever time-frame is used the 2 green horizontal lines are the support and resistance for that time frame. So when indicators are all touching the bottom price is at or very, very near support. At top is at or very, very near resistance. Which helps my entry/exits and risk/reward ratio.

http://f1.grp.yahoofs.com/v1/MB16R9Wv-wt…

http://f1.grp.yahoofs.com/v1/MB16R9wSKdV…

http://f1.grp.yahoofs.com/v1/QCt6R2fYIj6…

http://f1.grp.yahoofs.com/v1/QCt6R3R0VQe…

If you can not view charts above I can email them.

Here are my favorite sites.

http://stockcharts.com/

Has basically all you need from fundamental to technical terms. Plus stock screens, charts, public chart lists, and much more useful info.

https://www.fidelity.com/

Has good learning resources.

http://moneycentral.msn.com/home.asp

In addition to yahoo finance.

http://www.reuters.com/

For news and more.

http://www.marketwatch.com/default.aspx

For news and more.

http://www.valueprime.com/index.php

For rating stock risk/reward ratio and reports.

http://www.barchart.com/

For investing in more than stocks.

http://www.investopedia.com/

For more great learning tools.

http://www.lightninglive.com/

For best software timing your entry/exits any time frame for day traders and long term investors.

Others worth exploring.

http://www.equis.com/

http://www.stockta.com/

http://www.secform4.com/

Best Wishes,
Burt Whitley

Yes, you can make 1000 dollars a day with forex trading. However, Forex Trading involves substantial risk of loss, and may not be suitable for everyone.

Learn Step-by-Step How To Make Money with Forex Trading:

http://online-fx-trading.net/what-is-forex

I think you'll need a web-based forex trading company.
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…

If you don't want stress, you've picked the wrong vocation.

You're probably wanting to do it for the money, not for the process of trading. Or maybe you're good at analyzing the markets and setting up the computer to analyze and evaluate, but that doesn't make a trader.

If you're just doing it for the money, you will not approach the market properly, you will be impatient, and you will tire easily. Really, there are lots of better ways to make money. You probably already expect to earn an income from such a small investment of $2,500. If these are true, you have unrealistic expectations, and you will not succeed.

PremiereTrade is one of the best trading platforms for the Forex beginner, because they have such a great community of others to help you get going. It costs $3,000. But they will tell you up front to paper trade in the Demo Account for a year before you actually commit money.

Neither does a brain surgeon walk out of school and pick up a scapel and begin operating, or an engineer walk out of class and begin building skyscrapers. And you have not even begun to learn, let alone apply the rules of trading, or to master your fears and emotions, or even know what they are.

I think most people come to trading expecting to "Get rich quick." Doctors and lawyers are the worst traders in existence, because they are used to being in control. Almost all professionals do poorly at first, because they have succeeded elsewhere, and expect it to be easy.

Trading is the most difficult challenge you will ever face. If it were easy, we would all be rich. But instead, 80% of all traders blow out their account within the first year.

Personally, I have lost everything three times, trading the stock market index futures. Now I have finally settled on Forex, and am doing quite well after 17 years of learning.

If you buy PremiereTrade, they will charge you $100/mo for the data feed. For one year, that is another $1,200. You can trade a simulator for free here and learn as you go:

http://www.expertworx.com/pm/Forex%20Market%20Educational%20Game.htm

Here is the broker I use:

http://fxdd.com/