FOREX trading

[luv2read]

Thanks!

 

[Frixxxx]

Ocean,

I want to breathe life into this thread as I have been dabbling with igfx.com and coming out ahead.....

Have you been in this market at all?

I have been using igfx.com, because of the advisors that can be written. Don't get me wrong, I know there are more out there but this one allows me to set "MY" positions based on my expectations.

I have been in a couple of months and have returned what TSP has lost.

Thanks in advance for having this here!

 

[ocean]

For those of you who are interested in Forex Trading, here is the site you can visit. You can find anything such as Brokers, Trading Methods, Forex Forums etc and now I am a frequent visitor there and trying to learn a new skill in my spare time.

Here is the URL: http://www.forexfactory.com

Good luck.

Ocean

 

[mlk_man]

Here is another site that you can open a practice account:

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

 

[ocean]

Anybody here do any FX trading? Also, is there a particular site that you recommend? I've been looking at this one: http://fxtrade.oanda.com/about/about_fxtrade.shtml

Lastly, is there anywhere I can get historical prices for the dollar?

Thanks,

M_M

MM, I just recently looked at the Forex trading. I found the site http://www.global-view.com via googling and it has a lot of information about Forex. There is a link on the left column that you can find the historical chart data.

As for Forex, I realize that there is another investment world that I had not really noticed before. The daily trading volume is nearly $2 trillion and it is at least 60 times more than New York Stock Exchange. Talk out liquidity. Also it is traded 24 hours a day, 5 and ½ days a week.

Through the site, I opened the demo account with http://www.GFTforex.com (this is not an endorsement) and learned the tools and the trading terminology. The demo account just expired (30 days trial). They also sent someone walked through the demo program with me on the phone for about 30 minutes. Of course they would like me to open the real account with them. At this point, I haven’t yet as I am still reading more about Forex.

Books that I just ordered from Amazon are: Profiting with Forex and Beat the odds in Forex trading and now I am reading the first one as the second one did not arrive yet.

If anyone has some gambling instinct in his / her blood, wow, Forex trading is for you. Not only you can trade around the clock (good for all of us, cause we’ve got to work during the day), but it is categorized as non day trading pattern so big investment is not required and it is highly leverage. It uses all the technical analysis to aid your decision (it is a must), otherwise it is like walking into the fire and get burnt into ashes in no time.

But again, Forex is not for everyone, if you are not careful and do not have enough knowledge on this. DON’T DO IT!!! Otherwise, if you are educated enough about this, it may be another vehicle to enrich your portfolio.

Ocean