Learn Forex Blog

06294086 asked:


Hello guys,

I’m interested in learning more about forex, options and futures trading. I heard that there are mini or micro account that can go as little as US$ 200 or 300 dollar. Is it true ?

Also, any recommendations for free forex, options and futures trading simulators ? I know that some websites provide this service but usually the virtual capital is too high (10K or up), and I want to set the initial capital to small amount like US$ 300 or 500.

If possible, is there any recommendations for courses/books ? I’m not aiming for those fancy amount of income, several thousand/month is OK. Of course I’m not looking for courses that cost hundreds or thousands of dollars…
Thanks for the input. I agree that it’s a bit too much to expect thousands of returns for such a small amount of capital.

But, if I expect my capital which is around 300 or 500 to be doubled by around 1-2 month. Doesn’t is sound possible ????
My plan is actually something like this :
The capital will be 300 or 500. The goal is to double the capital by around 1 - 2 mounth(s).
When I have more money, I will buy more lots…

To make it safer, every time I manage to double the previous capital, I will do one more time before I plan to use more capital to trade.

It will be something like this (US$500 capital) :
500 - 1000 - 1000 (don’t use for trading) - 2000 - 2000(don’t use for trading) - 4000 and so on …

Now the problem is to find the system that are able to do this… Any recommendations ?

I personally distrust systems that cost hundreds or thousands or dollars. There are simply too many scams…

LAMP

edisonchen88 asked:

Logon to http://www.easyforextradingtips.com for free forex trading course offers forex trading tips and strategies for beginners to learn forex trading strategy and understand the trading principles

RUSSETT

kgirishraman asked:


I WANT TO START DAY TRADING.
I MEAN I WANT TO LEARN DAY TRADING STOCKS, LIKE AMEX, NYSE, NASDAQ ONLINE THAT TOO REAL TIME.

I FOUND SO MANY ONLINE TRADING COURSES.
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ANY IDEA:
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Girish:

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HOW IS THIS LINK WHEN IT COMES TO LEARNING OR LEARN DAY TRADING STOCKS ONLINE?

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KUHL

edisonchen88 asked:

Get access to http://www.easyforextradingtips.com for forex trading course online offers complete forex trading educational guide, tips and strategies for beginners to learn forex trading with automated forex trading systems

STOUGH

cyruswendydevo asked:


… Actually, does anybody outthere trade strictly around news releases, and if so, how is it working for you? How many pips do you make/ lose on average, and how long do you usually hold trades for? For people out there who trade with technical indicators, which ones work best for you? do you have any advice for somebody who is still in the learning stages?
Personally, I try to trade around whatever trends I can notice (the trend is your friend rule), does anyone have any trend-based startergies they’d like to share with me?
Good luck traders!

CRISCUOLO

Kelly Price asked:


If you want to learn forex trading then you should know the story of the turtles who were a group of traders with no experience went on to make $100 million dollars in just 4 years. How did they do it? Read this article and you will find out and it will inspire your forex education.

The Experiment

Legendary trader Richard Dennis set out to prove that anyone could learn forex trading with the right education and mindset - he believed that traders were made not born and set out to prove his point.

He gathered a group of people together who only had one thing in common - they had never traded before. They included a security card, some professional card players, an actor a female auditor and a kid fresh from school just to name a few.

The Results

After 14 days of trading education he set them off to trade and the result was:

They made $100 million for him in just 4 years and went on to make a lot more and become some of the most famous traders of all time.

The Education

So what did Dennis teach them? He taught them a very simple forex trading method which was basically a long term breakout strategy combined with rigorous money management rules to preserve equity.

Dennis knew however that a trading system is not enough to succeed its having the discipline to follow it through long periods that is. He made sure the traders he taught knew how and why the system worked and even when it lost he taught them to stick with it and not deviate from the rules.

Rules are rules and must be followed with discipline - if you don’t have the discipline

This took him just 14 days and the rest is history.

What You CAN Learn

There are several lessons that you can learn and the salient ones are outlines below.

1. Everything about forex trading can be learned

If you have the willingness to apply yourself. OK you may not become as successful as this group - but there is a big difference between something being impossible and something being achievable.

2. Simple systems work best!

Today many people think that the more complicated a system is the more likely it is to be successful - but this is simply not true. Simple systems have always worked best and always will, because they are more robust with fewer elements to break.

He also taught rigid money management and made the first priority the protection of capital. If you lose what you have you can’t trade anymore.

It’s a bit like the old obvious gambling saying - to win you need to bet - but you can’t bet, if you don’t have any chips! Obvious but true, so you play great defence first and the profits will come, when the right opportunities present themselves.

3. Discipline is the key

You will here it time and time again how discipline is the key to forex trading success and it is - if you don’t have the discipline to follow your method you have no method.

Discipline comes from confidence in what you are doing, this is why he taught the turtles how and why the system worked and didn’t tell them to follow it blindly.

Trading success comes from within and this means acquiring confidence and discipline.

So if you want to learn forex trading correctly, learn from the turtles:

The potential is huge, you only need a simple system, good money management and most importantly - the confidence and the discipline to apply what you have learned.

The reason most traders never succeed is they never learn the importance of the latter and want to follow others - but you don’t get these traits following others, they come from within.



KINTZ

singforextraining asked:

http://www.MakeMoneyFromScratch.net

Are you so tired of doing trade using the traditional way? Well, that is not a problem anymore because there is already an online FOREX trading. It is faster and more efficient than the usual.

Just imagine you can perform into FOREX trading systems at your own using only your computer and an internet connection. You do not need FOREX brokers. You can trade on your own, which makes it faster and more efficient.

Throw off those traditional ways of doing trade. Switch now to Online FOREX trading. There are a lot of innovative FOREX trading strategies you can learn in several FOREX training given by various schools particularly in Singapore.

Be modern! Start using the new ways! Visit http://www.MakeMoneyFromScratch.net

NORDSTROM

fxclub asked:

A brief recap of last week’s Forex action with an outlook for June 16th to 20th

KISINGER

Bilal K asked:


i wanna know how an amateur can learn the trade and master….where to look…how to start?!!?

MCQUADE

TradingToTheMillion asked:

Learn forex and all about emotions. Trading emotions are good if you understand where to focus them

WICKSON