help from forex traders?

hello everyone i need some help with starting forex trading firstly i would like to know which is the best site to learn all the symbols and so on, secondly i would liek to know as a day trader is it true you have to sit in front of the screen all day to trade, thirdly i have heared about this system called ivybot i want to know if its true about how it can help make you money i am from the uk and everytime i search for information i get sites that look like there going to scam you for information asking me to pay all the time. thank you for and advice and help given much apreciated

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Posted in: forex online system

Tags: forex, From, Help, Traders

This entry was posted on Monday, April 5th, 2010 at 8:22 am and is filed under forex online system. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

9 Responses to “help from forex traders?”

agent4927 April 5th, 2010 at 8:31 am

Start with investopeadia, then read some books BEFORE you start trading – The Online Trading Expert is a good one.

Stay away from bots, you won’t make any money that way unless you really know what you are doing.

Then when you are ready open up a dummy account with IG Index or someone similar to test trading with. Any Metatrader platform is the best for reading charts on.

No you don’t need to sit in front of the screen all day to trade, I trade FX every day and most of the market moves take place between 6 and 9am and from about 12-4pm.

Useful resources include:

forexfactory.com
dailyfx.com
bloomberg.com
reuters.com

Barry R April 5th, 2010 at 8:33 am

Here is a list of the many currency ETFs. They might be a good place to get started with currency trading. I would recommend you read a good book on the subject first.

http://top10traders.com/ViewSector.aspx?sector=13

You might want to create a portfolio at http://www.top10traders.com – the site is free – so you don’t have to worry about losing money before you even know what you are doing. good luck.

Melvin April 5th, 2010 at 8:59 am

try this site..maybe it could help you..

http://www.currency-trading-tutorial.net/

poison April 5th, 2010 at 9:23 am

i guess best site for forex services and other products would be http://www.forexnode.com/

The Geek April 5th, 2010 at 9:44 am

Hi there good day.

Firstly i would like you to note these points

- Forex is not about getting rich fast
- Forex requires hard work and effort
- Forex is something you get better with more experience

Now to enable the above to happen, you need PROPER MONEY MANAGEMENT. This is most imnportant and it will save your account for another day.

Most folks i know get margin calls within the first week and give up.

Never risk more than 2-3% of your account at one time.

Most folks sit at the screen all day and worry because they risked too much and it is a matter of life and death for their accounts.

Therefore if you size your trades proper and have a good plan to enter and exit, trading should be a better experience.

Since you are new, i would like to invite you to my blog for newbie traders. Hope it helps and trade safe.

praet_serge April 5th, 2010 at 10:00 am

As you can see practically every anser has a link to his/her own website (and most of them are just useless).
Better if you search for forex and open a demo account as good forex brokers provide free quality tutorials.

Gigi April 5th, 2010 at 10:04 am

If you are a beginner, i suggest you to use Marketiva, which is a very good platform to start trading with and very easy to use.

Marketiva gives you 5$ real to start trading so you don’t have to deposit and if you made profit from it you can cash out, this is why it’s very good for beginners. Their platform is very easy to use and they have support during trading hours for your questions, doubts etc.

They also have chat channels where you can talk, exchange opinions and ideas with traders of your country or international traders.

To open your account please visit http://www.marketiva.com/index.ncre?gid=3371

Party April 5th, 2010 at 10:55 am

i think you can just once check out gnutrade trading platform..I think it will be definitely of some help to your question….. you can trade forex markets there and not only that you can also trade stocks,commodities and bonds as well…

Calvin April 5th, 2010 at 11:43 am

try this site maybe it could help you..

http://www.currency-trading-tutorial.net/