Any body into online forex?

is there any scope in online forex?.. i wanna step in.. but still a noob.. how to get myself start ?

 

Hi Sami,

I can help you get into online forex trading, we can provide content charts,rates,news widgets and some info on good traffic/keywords, and very a good affiliate deals.

Please PM me so we can start working

Thanks,
John

 

i wanna make money by trading currencies and not by developing forex sites..

 

There's sites like http://www.babypips.com and http://www.forexfromscratch.com

 

Hi Im a professional trader.
some tips to be consider:
1.First of all learn the basics
2.Try demo
3.I suggest you to find a good system(just a free one) that suit for you-many of them
4.tick with the rules!(greed lead to no money)
5.Remember if you make profits in demo not means you can make it on live acc
6.The best teacher is experiences so never give up
7.THERE IS NO HOLY GRAIL
I can give you more but I think try practice this one(6) first.

 

Agree with you popedope babypips is the best place to learn basics.
And if you have question about forex just pot here Ill try answer it.(of course free)

 

I agree with popedope babypips is a great place to start. Once you have the basics mastered then I suggest paper trading for as long as it takes for you to feel confident in consistantly making a profit. Then the real learning begins.

 

hey thanks..

 

And I think other best way is by joining forex forums(I recommend forexfactory and forextsd).as I think in babypips is principle but from the principle professional trader build system so on forums there are tons of forex system try them.

 

i did a demo one from forex.com and made 10k into 30k within 45 days

 

go to www.etoro.com , that's the best newbies platform ! you get $2000 in demo money unlimited, and you can learn from the community of traders there active in the chat and forums,

Good luck Trading,
John

 

Better try live as most of newbie(Im not saying you are)when jumps into real acc the results not like in demo.
The factors maybe:
*Demo is risk-free
*We not really care if lose
*Not real money

hmm try funding a little first.

 

Something like 90% of the people that get into online Forex trading lose money. Be careful.

 

95% fail only 5% success.
That kind of favourite sentences in forex.

 

Definitely try out the demo, practice on it, and get a real account. As someone else said, earning on demo doesnt mean you can make it in real life. People are a lot more prudent when it comes to their real money as opposed to virtual money you get on demos.

 

great posts buddies..

is it hard to benefit from forex without huge initial investment?

 

I think its like ratio but I think u better try put a little first.

 

Basically most forex platform offer you high leverage on your initial deposit.
at eToro you can start trading with as low as $50 (minimum initial deposit).

Once you deposited $50, you can trade with a leverage of 1:400, which means you can trade $20,000 worth of money (for example buy 20,000 USD/JPY - Dollar against the Yen).

so you invetsed $50, your maximum loss is $50 (with an automatic stop loss) -
If you bought USD/JPY at a rate of 100 :

rate is 101, you made 200% means you can close your trade at $150, out of which $100 is your profit, and $50 your investment.
If the rate is 99.5 than your position is automatically closed and you loose the $50.

You are advised to have bigger initial deposit, so if the rate moves against you you can add more money to the position so it wont be closed, or open it in a lower leverage.

you can download this free forex ebook

hope this helps,

 

Chose NFA certified broker fxtrade.com with minimum $1 deposit by paypal lowest spread among broker
Learn more @ www.forexfactory.com

 

My advice, definitely go to BabyPips.com - lots of great information.

There is a ridiculous amount of forex-related material in eBook form. You're going to have people tripping over themselves to want to sell you their forex affiliate products, so be cautious on what you spend your money on