Forex education needed, words, robots, trading etc?
Friday, January 29th, 2010 at
6:45 am
broo204 asked:
I wanna learn what words, things needed to trade, how they work, when they work etc. I just need to get educated so i understand what things mean and do in the Forex market. thanks for the help.
I want websites that will teach me the lingo of Forex AND, I cant say that enough I am really interested in the forex robots, Fapturbo is the one i want after reading reviews. And am i able to use a forex robot without a broker, that is a very important thing for me to know. I dont need other info just these few things hope you can help. thanks guys : )
I wanna learn what words, things needed to trade, how they work, when they work etc. I just need to get educated so i understand what things mean and do in the Forex market. thanks for the help.
I want websites that will teach me the lingo of Forex AND, I cant say that enough I am really interested in the forex robots, Fapturbo is the one i want after reading reviews. And am i able to use a forex robot without a broker, that is a very important thing for me to know. I dont need other info just these few things hope you can help. thanks guys : )
Tagged with: Forex Trading • Market Thanks • Robot
Filed under: Forex
Like this post? Subscribe to my RSS feed and get loads more!
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words “Forex” and “lose” to see this is the consensus.
Forex is what we call a “zero sum” game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the “bets” in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.
Actually Forex is not quite a zero sum game. It’s a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It’s a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.
There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: “Go to Forexcrap,com/q2347.” The “q2347″ is a signal to the Forexcrap site that you are being referred to them by “q2347.” If they sell something to you, “q2347″ gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.
I would recommend not trying to do Forex at all, unless you are a trained professional. It’s like playing poker with people better than you, with the house constantly taking a small percentage from the pot.
P.S I have never heard of a automated Forex program for home use that actually works, although a lot of people on the internet try to hawk programs they claim work. However, I am sure the professionals that constitute most of the Forex market have better programs that you are able to buy. Once again, you are playing at a disadvantage.
if you would like to watch a live trading account you can find me on yahoo messenger ‘ elhefe1968 ‘ and you can watch the account live, I may need help adjusting the cam, I am new to forex also but I may be able to answer some questions, and maybe we can both draw some attention and get some help from the pros. starting this with very little money like $20, to see how it goes………
Trading Robots
Make Money 99.9% on Autopilot!
Step-by-Step Training
The most important step is to find the right forex broker. I have reviewed some of the best forex brokers at
hello,
here you can find best sites to learn forex and start trading that most people using
———————————
bestforextradingplatforms.com
———————————-
good luck
Hi,
I cannot add too much to the first answer but I can another couple of websites which will not try and sell you anything but are good learning resources.
I started in June, and it is tough. A very steep learning curve but I am finally getting there.
As to robots, a lot of rubbish out there and I have tried most of them including Fapturbo. Do not buy it.
You will be better off learning to trade how the professionals trade by developing the abilityto read what the forex charts are telling you.
And if you are really serious to get moving fast in forex trading then you will need to get yourself a mentor.
So that you do not think I am trying to make any money by recommending these people Google Todd Brown, Tom Strignano and Bob Iaccino. They all run respected courses / mentoring services but are not cheap.
If you going to trade forex online you will need an broker to go though whether you use a robot or not.
If you are a beginner, i suggest you to use Marketiva, which is a very good platform to start trading with and very easy to use.
Marketiva gives you 5$ 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
To learn the lingo, I would recommend starting out on educational sites first such as:
As far as robots, the robot will give a signal when to place a trade, but you have to open an account with a broker to actually place that trade. It’s as though I’m giving you stock advice. You still need to open an account with an E*Trade, Charles Schwab, or TD Ameritrade to buy the actual stock.
I would also caution against robots in general. There are many out there that are not reputable. If you insist on purchasing one, I recommend finding one that is purchased through ClickBank since there is often a 60 day money back return policy. You can also goto forums such as where other robot users will give you honest feedback.
In order become forex trader, you should know your forex trading market, educate yourself about currencies which you trade, and the last thing.. practice, practice, practice! Because practice makes perfect.
To learn the basics about Forex, I recomend you read free ebooks and visit free websites like babypips or welearnforex.
About chosing a system or robot, I believe the best way to do it is by checking the reviews on forex reviews websites and then make sure you test any system in a demo account.
Also check out which has a whole section for Forex education.
Here’s an “Insider Guide To Forex Trading” that can help you trade like a pro. You can get it for free at
Try it…you’ve got nothing to lose. I’ve try it and was very impressed with this guide. I’m sure you’ll learn a lot.
please visit this site..maybe it could help you..
goodluck and hope this site will help you..