I went to an introduction to FOREX (foreign exchange) class recently and they were telling us how with a good education in FOREX you can consistently make money, and good money too, since you are trading 50 or 100 times what you have in your trading account. The complete course is $2000 and they were pushy for us to take the class so I didn’t feel so confident about it, but i read up on the subject a bit and did a trial trade for about 30 days, I was up a lot at one point (about $8000) but in the end of the month i pretty muich broke even. WIth more knowledge and a proper education on the subject can it be a long term way of makin money?
DEAR ALL, thanks for your responses, overall you seem to think currency trading is high risk and not really a viable way of making money from home. I should have mentioned in my question that if i were to do it, i would want to rely more on technical analysis and all the ratios and different theorems etc. I would also be making trades that are from about 30 minutes to at most one day. Does this change anyones opinion on the subject?

The Forex market is full of scammers and people who sell questionable products than make them rich and not you. I would advise against Forex trading. You are likely to lose your money. Forex is useful to companies that make money in one country and need to exchange it for money in another country, but most individuals who trade Forex lose money. Read the links:

These trial trade programs do not always properly simulate the market. I would not trust them.

A real course/system. Please don’t just try and get me to click on your affiliate link, I just want to find a REAL system.Thanks alot

I was very skeptical about autopilot systems before but I realized that my profits have gone to a new level in the last few months since I tried them.

I have been trading for a few years but since I had a full time job I didn’t have as much time to spend on forex. So these autopilot systems made up for my lack of time.

What are the weekly days and times according to US Eastern time when the Forex trades open and close. I understand that Forex trades are for 5 days a week but what are the days and times when the forex trading starts and ends for 1 week ?

Forex brokers generally open trading on Sunday around 4-5pm EST and close trading on Friday around 4-5pm EST. The exact time of the open and close can vary by broker due to liquidity offered to them by the banks.

During that period from Sunday through Friday, the forex market trades 24 hours a day.

any thing related to forex

Your can download the free FOREX eBook at http://www.forex.info/download.php?c=cf96e662fb7a
But the best way to understand is to try trading with virtual funds by opening a demo account. To open a free demo FOREX account you may download the trading terminal here: http://www.realtrade.lv/rtsetup/rt4setup.exe
Good luck!

RISK WARNING: http://www.fxcm.com/risk-warning.jsp

Watch Educational Forex Trading Videos from FXCM
FXCM is a retail forex broker regulated in the US, the UK, Hong Kong, Australia, and Canada. In the US, FXCM is a registered FCM with the CFTC and is a member of the NFA (ID # 0308179). FXCM, one of the largest and most financially powerful forex brokers in the world, provides No Dealing Desk trading execution to over 100,000 live accounts trading through its multiple platforms* With No Dealing Desk execution, FXCM eliminates any conflict of interest between broker and trader, and ensures that there is no dealer intervention in trades. Each of its clients trades is executed back to back with one of the world’s leading banks or financial institutions as they compete to stream their best bid and ask prices, with spreads as low as 1 pip, to FXCM. Offering self-trading forex accounts in micro, mini, and standard sizes, traders can denominate their FXCM account in USD, EUR, GBP, AUD, CAD, JPY. FXCM offers clients the ability to trading directly from charts and proprietary algorithmic-based trading signals.

FXCM’s discount brokerage division, FXCM Micro, allows traders to experience the excitement of the forex market with as little as $25.

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* Please note that FXCM Micro, in its discretion, may or may not offset individual transactions unlike transactions in most FXCM Standard and Mini accounts. For additional information, click here.
** Without proper risk management, a high degree of leverage can lead to large losses as well as gains.
***Risk Warning:

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Duration : 0:9:27

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Technorati Tags: beginner, currency trading, forex, Forex Broker, Forex Trading, FXCM, Newbie

http://clk.atdmt.com/FXM/go/nfrsieng0100000402fxm/direct/01/
A lesson on how ot use the free forex charts in the FXCM forex demo trading platform. For active traders and investors in the currency market.

Duration : 0:6:49

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Technorati Tags: charts, currency, day, daytrading, demo, finance, forex, ForexTrading, freeforexcharts, FX, investing, stockmarket, trade, trading

This indicator allows you to use lines to visually put where your audio alerts are.

Edit: watch newer video which has new updates and location of where to download: http://www.youtube.com/watch?v=svbAXmkCTKE&feature=channel_page&fmt=18

Duration : 0:5:42

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Technorati Tags: alert, analysis, custom, daytrading, forex, indicators, metatrader, technical

This is the sixth video in this forex trading series and covers: Trading method, the PAT software, the PAT bar and more

Duration : 0:8:11

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Technorati Tags: forex, trading, Videos

http://forexsignalmentor.com I bet Peter Bain Can’t produce these results. My signals are much better than his, and my students can attest to it. Don’t try Forex Mentor until you have tried Forex Signal Mentor. Allow me to show you how to make money with the forex. My forex signals are so powerful

Duration : 0:5:39

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Technorati Tags: daytrading, forex, forex_mentor, forex_signal_mentor, learn_forex, make_money_with_forex

I am looking for the best way to trade currency.

I trade currency (Forex, FX etc). This market is minimally regulated & is significantly larger than the US Stock market. 90% of all the people that try Forex trading lose all their money. Of the winners…. they lose 40% of all their trades.

Many brokers actually trade against you. They make money when you lose money.

I love this market…. but…. take six months to a year before you put in 1 cent. Learn the skills you’ll need. Practice. Backtest. Start out very small. Don’t believe 90% of what you see from the brokers. Always move slowly. Part of the way to win in this market is picking trades carefully. It’s always better to not trade than lose money.

This is 100 times more riskier than stocks.

Read up on this. After you learn a little more, feel free to email me. DON’T JUMP IN!!!!!!!!