i want serious replies only ! please can anybody around the world tell me some sites where i can learn about platin with foreign exchange please ? i need to learn that ....thanx
2006-09-01 02:49:29 · 5 answers · asked by may_minu 3 in Business & Finance ➔ Other - Business & Finance
www.oanda.com is the best among the brokers.
But as for FOREX... I have been doing it for 3 years, spent 4-5 hours a day.... checked out every technique... result: I can keep my balance at zero level. I've got the feeling that forex is like a lamp in the dark and those who try to make out a living from forex, well they are like all the catapilars who think it is the sun... and then they burn to death... So be careful. I am not sure it is the solution for your or anybody's life.
2006-09-01 02:57:36 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you are just thinking of something take a look at my article below which has been chosen as a best answer 2 times. I have listed some of my favourites Forex Trading books in one of the links. Take a look, email me if you need some more info. Hate for new traders to go thru what i went through. Here goes :
"" After 6 yrs of no success, it must be one of 3 things :
1. Psychology of Trading
2. Money Management - position sizing......
3. Technicals
Best Answer - Chosen by Asker
Are you already trading or thinking of going into it ? To trade successfully you need alot of discipline, patience, take the emotions out of it and be analytical.
Like all things some people make money some people dont. If you are, please try a demo first for at least 4 to 6 monts. If you cannot resist the temptations of "paper trade", to see all the profit you could have made but only on paper, you can start off with a mini account. I use FXCM. There is a demo version of it here http://www.geocities.com/lcming/Forexbooks
Please do live trading even on mini after maybe 3 months of demo and you feel you have a sufficient feel of the market. To start off dont be too ambitious. Just cover maybe 1 major currency and a secondary currency.
After you have a feel then maybe you can get some tools to help you like forex signals. To start off with it would just confuse you. http://www.geocities.com/lcming/Forexsignals
Forex is a very taxing mental game because it never sleeps, its 24/7 so you have to know basically when you want to trade. Dont chase the trading times, pick one that suits you. The market is always there. If not it would be "sleepless seatle". For a chart of trading times that suits your city you are living in check out http://www.geocities.com/lcming/Forexhome
Forex trading is built on 3 legs, Psychology of trading, Money Management and Technicals of Trading. All 3 must be balanced to be successful. Many people concentrate on the technicals becasue its something they can "touch and feel". But most times in trading you cannot control most of all the thing that will profit you or bankrupt you " The Prices", controlled ultimately by thousands if not millions of people like you and me plus the central bankers, the govt that prints money, and your local provision shop and banker. Good Luck ! May God Bless You !
* Start off with Dr Alexander Elder's "Trading For a Living" - great book that helps avoid every reinventing of the wheel. At least psychologically
http://www.geocities.com/lcming/ForexForex"
2006-09-07 22:00:29 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Here is a site that can help you about foreign exchange.
2006-09-01 20:37:46 · answer #3 · answered by Dreamer 3 · 0⤊ 0⤋
The best place for your money is http://www.forexnewstrader.com
They cover the news trades and several other strategies. Well worth it. Hope this helps. You can only learn if you trade.
2006-09-01 16:00:23 · answer #4 · answered by Ritch 2 · 0⤊ 0⤋
There is some useful advice here.
2006-09-01 19:11:07 · answer #5 · answered by Anonymous · 0⤊ 0⤋