Yarcofin asked:

I have been investing in the stock market for several years, but recently Forex has caught my eye with claims of huge profits, and I have some questions:1. Is there a site with free tutorials about Forex, the same way Investopedia.com has for stocks? Is there a Forex simulator where I can try it out using fake money?

2. What kind of initial investment does Forex require? What are the commissions/fees like if any? What is the average return (%) for most Forex investors?

3. Where/how do you open up an account? (I’m Canadian.)

4. Is it a lot more speculative/luck-based than the stock market? (A lot higher risk?)

5. I’ve heard a lot of people talking about “systems”, “software”, etc that they are charging money for. Is there any free software I can get? Are most of the people involved with Forex scam artists or are there some legitimate ones?

Thanks
Also what are these “pips” I keep hearing about?
Since nobody has answered yet I went and found a great tutorial site on my own, http://www.babypips.com. It also offers links to brokers that offer free demo accounts.

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Kevin A asked:

I have been looking at different forex trading courses like the one at www.forextradingcenter.info and was wondering if anyone out there has any experience with this course or something similar.I would also like to get feedback from people on if they have any advice on if trading forex can be a good thing or not.

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armybrat asked:

I’ve read up (or have been trying to) on trading in the FOREX, and would like to start trading. I know many brokers offer “mini accounts”, which is the type of account I would like to start with. I tried a couple of the practice accounts, and did pretty well, so I think I’m ready to start using real money. The problem is there are so many brokers, and I don’t know anyone who already trades to get some opinions about them. I’d like an honest broker (if one actually exists), offering “mini accounts”, tight spreads (1-3 pips), and decent leverage. I’ll mostly start out trading EUR/USD, and probably venture out once I get comfortable trading. Thanks for any help.

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Bobi G asked:

Glad Christmas:), Thus… I am new on the Forex market (for one moment
foreST I wrote:)) And naturally has I unite questions: 1. Which you
buy now? I see myself too “philosophical” some people, to the Forex.
How did I say, I am beginner on this market, then she knows right,
but… why someone would ask, over the “theory Eliot” money to make in
Forex, if one can only read, messages and forecasts and sees you in
the diagram? Thus, my question is not, whether Eliot functions or
not:), but it is good to buy NZD opposite the USD, or against the JPY?
I think, that am now the best offers. 2. Is it so good? Naturally
Forex seems very attractive for humans because of the very high “lever
force”. Indeed, I understand the “lever force” to a credit. Ok one, it
is good, if I win, but if I lose, I am not to be lost, the broker
money? I assume, nobody loses there if I loosely, someone succeeds…
anyway you got it:) 3. Forex.com CAN you trust? That’s my brokers;)
Thank you and a large new year!

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siamese twan asked:

Where do I find good on-line Forex instruction to learn to Forex
trade?

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Yarcofin asked:

I have the investment into the stock exchange for several years, but
lately Forex imprisoned has my eye with demands of enormous profit,
and I have some questions: 1. Is there a side with free Tutorials over
Forex, the same way Investopedia.com has for the shares? Is there a
Forex simulator, where I can try, her with falsified money? 2. Which
kind of initial investments do Forex require? What are the
commissions/fees like if, which? Is the average net yield (%) for most
investors Forex how high? 3. Where/as can one open an account? (I am
in Canada.) 4. Is it a quantity more speculative/was based than the
stock exchange? (a much higher risk?) 5. I heard, a quantity of people
talks about “systems”, “software”, etc. that it money for the fees. Is
there a free software, which I get? Are most of humans, those with
Forex scam artists or give it some legitimately? Thank you and which
are this “blip” one always hears? Since still nobody answered, I went
and found a large Tutorial on my own Website, http://www.babypips.com.
It offers also left to broker offers free demo accounts.

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rahul asked:

Hello,Can you please

1. recommend some resources to learn forex trading
2. Mention what all aspects need to be covered when learning forex trading.
3. Mention all aspects to be considered while placing the trade.
4. mention Which are most widely used indicators and what are its values.

Thanks & Regards,
-Rahul

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