ForexNewSoftware asked:

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Richard M. Davieess asked:


Finding reliable Forex information isn’t really as simple as it should be. Most of Forex information available is typically in the form of some and accurate Forex robot review trying to get you to buy something.

In order to become a successful Forex trader you will need accurate information… But how do you know who to trust? That’s not an easy question to answer so I have decided to enlist the aid of Robert Strakkenn of NewForexReview.com to give us a few guiding principles:

Probably one of the first places I look is to go to my local bookstore and actually buy a hardback copy of a very basic beginners Forex trading manual. After that I take my time and read this manual and hopefully get more of a feel of whether or not Forex trading was for me.

One thing I would most certainly avoid is getting caught up in the almost infinite level of hype of just about every Forex website did you go to these days. Although these websites are sources of Forex information, the information you receive may not necessarily be credible. Most of the time you’ll see incredible claims of earnings and profit that are atypical of those trading Forex and especially atypical of beginning Forex traders. I would probably ignore all reviews and testimonials and let it happen to be for a hardback book that you can go to your bookstore and buy. With recommendations of hardback books it would appear that no particular person recommending them would have much to gain financially by doing so and as such does recommendations tend to be a lot more reliable than those you see for Forex trading software.

My next stop would most likely be the US commodity futures trading commission website. Here there is a wealth of information on what types of vendors to avoid as well as some of the larger and more reliable Forex brokerages.

I would visit the websites of some of the larger Forex brokers and see what free information they happen to have available. Typically these brokers will have an educational component to their website. Here you can go and learn many Forex market basics that will help you build a solid knowledge foundation for Forex trading.

At this point I would seek to take any Forex courses that the brokerages might have to offer as long as they are free or have a very small fee. After those courses I might seek out additional information by surfing the Web for more Forex training. A word of caution though for those who are planning on doing this.

It has been my personal experience that the vast majority of Forex products being sold are being marketed by those who do not have the necessary experience to train you in proper Forex trading. If you do decide to go for any of the information you find while surfing the web make certain that there is an ironclad moneyback guarantee just in case the information is utter rubbish.



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3system asked:

Forex trading is a business. Dont’ dream about make big money quickly. You need a good forex trading education and more times to test your system in a forex demo account. Some forex traders use a robot (EA) to day trade. It’s a solution if you have some trouble with your emotion. If…

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Kelly Price asked:


Before you start trading you need the right Forex information and education and in this article, we will look at some essential facts all novice traders need to know. Let’s look at the first obvious fact…

1. Forex Trading is Not Easy!

Before you start trading, you should be aware that 95% of traders lose. There are lots of vendors telling you that you will get rich with no effort but that’s not true in real life and certainly not true in Forex trading. You can win but first let’s look at the method most traders use when seeking Forex Profits and it’s the subject our next fact:

2. Forex Robots and Expert Advisors all Lose Money

Many traders think they will win by following a cheap robot or Forex Expert Advisor and they all lose their money. hese trading systems make grand claims but have no results that are verified to back up the claims. If every one could get rich by paying hundred dollars or so a lot more traders would win and they don’t.

3. You Have to Work Hard or Be Clever to Win at Forex

Hard work does not guarantee profits and neither does being clever. Forex trading is essentially simple and you don’t get rewarded for effort, you get rewarded for being right with your trading signal and that’s it.

4. Simple Systems are Best

This leads on from the above fact and it’s true. If you make your trading system to complicated it will simply have too many elements to break, simple systems are more robust and more profitable.

5. Money Management is the Key to Success

Most novice traders lose because they over leverage their accounts and don’t pay attention to equity preservation. To win at Forex you must have robust money management that protects your equity at all costs.

6. Discipline

Most traders can’t trade with discipline because they follow other traders systems and have no confidence when they start to lose or they simply can’t take losing, because it hurts their ego and their emotions get involved. If you can’t follow a trading system with discipline you don’t have one!

7. Anyone Can to Trade and Anyone Can Win

Forex trading is a learned skill, if you take time to get the right Forex education and mindset, there is no reason you can’t make a great second or even life changing income.

To win at Forex trading, requires you get the right Forex trading information and get confidence in what you are doing. When you have done this, you will have the mindset to trade with discipline and will be on the road to long term currency trading success.



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