Archive for August, 2009

http://www.forextradingseminar.com Find out how to accomplish hedge trading with better results and never break the no hedging rule.

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http://www.MyFapTurboForex.com Learn how to double your money every month automatically with an automated forex trading system. The robot does the forex trading for you automatically while you sleep.

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StrategyDepot.com Forex Trading Strategy presentation. Visit us today at StrategyDepot.com for Unlimited Access to all Forex Strategy eBooks, Forex Training Articles, and MetaTrader 4 Experts.

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87. Forex Trading – How to Read a Currency Quote

http://clk.atdmt.com/FXM/go/nfrsieng0100000402fxm/direct/01/
A lesson on how to read a currency quote for active traders and investors in the forex market.

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A great selection of forex books and live news

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How does one become a forex broker?

What do you need to do to setup a currency trading firm providing forex products to businesses?

Hi there,

Well first of all I opened up my own firm 2 years ago so I can offer you some incite on this matter. I do everything from stock, bonds, mutual funds, insurance, annuities, wealth management, options, futures etc you get the point.

You are going to need several things.

1.) clients,
2.) e/o insurance
3.) you need to produce at least 200k in gross commission to even be looked at if your opening up a firm.
4) compliance officer
5) clearing company to clear you trades.
6) series 7 license (allows you to trade equities)
7) series 63 license ( allows you to practice in your state)
8) futures license
9) Insurance License
10) series 66 or 65 license allows you to charge for your advise and time.
11) and you need experience.

Those are just a few things you need along with marketing etc.

I got to run I saw your post and thought I would give you a little info.

What is the best way to learn forex trading?

I would like to start trading in foreign exchange, and I am looking for tips on how to get started with forex trading? I have looked at some of the trading platforms out there, and they seem quite complex and intimidating. Your help would be appreciated.

Sign up for a demo account with any of the forex brokerages.

I trade stocks regularly but was wondering if anyone found Forex more appealing than trading the DOW, NYSE or NASDAQ? Also, has anyone profited more than they thought they would? Please no answers trying to sell me your proven methods. Thanks.
Poloman1690, thank you for your honest answer and the link.

Tough question. Pretty much you are just speculating which way the currency will go without any true analysis.

Go ahead and give me the thumbs down but there are no earnings or financial statements to make an educated guess. Sure there will be some who make money at this moment but who knows about the future. Someone could think that selling crack is a great investment but they will get burnt at some point.

I trade stocks regularly but was wondering if anyone found Forex more appealing than trading the DOW, NYSE or NASDAQ? Also, has anyone profited more than they thought they would? Please no answers trying to sell me your proven methods. Thanks.
Poloman1690, thank you for your honest answer and the link.

Tough question. Pretty much you are just speculating which way the currency will go without any true analysis.

Go ahead and give me the thumbs down but there are no earnings or financial statements to make an educated guess. Sure there will be some who make money at this moment but who knows about the future. Someone could think that selling crack is a great investment but they will get burnt at some point.

Im very interested in getting a Forex automatic system to trade for me.
I have heard great things about forex robots,but i have no experience with them.
Would you recommend any of them?

Thanks

There is NO forex signal company that can beat the market in the long run. This is from my experience in forex trading for years. Else everyone is rich. Here is a good read about forex signal company: http://www.forex.labuan.net/forex-signal.html

A Forex trader needs to learn and master the necessary skills to be successful in forex trading.