Finance student looking to get into FOREX trading, anyone have a game plan for becoming a successful trader?
I am an undergrad student with a 3.7 GPA in an finance program ranked in the top 10 nationally. I will graduate early (this December) and am also studying to take the CFA level 1 in June.
I only tell you this so you know a little about my background and understand I am prepared to LEARN how to trade. I am not looking for a get rich quick scheme, but rather, want to study the art of trading until I can consistently make positive returns on FOREX during my spare time. Of course, who knows, if it goes well maybe it will become my career. More than anything though, it seems really interesting and I would like to learn more.
So, what books etc do I need to read to understand how to trade on FOREX? I understand it will take some work, but can anyone lay out a plan to follow in order to become a successful trader? For example, read x,y,x, while trading on a demo account, then open a real account and do x,y,z etc.
Please don’t recommend trading programs like FOREX tracer etc! There is no way I am going to let a program control what happens to my money and, to my understanding, most all of these programs are scams. I have to go with the old adage, if it sounds too good to be true, it probably is.
Also, for any traders out there…
What’s your holding period return for a typical month and how many hours/day do you trade to generate that return?
If I have limited capital to trade with, will this significantly impact my ability to utilize effective trading strategies?
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Categories: forex strategies Tags: anyone, Becoming, Finance, Forex, game, into, looking, plan, student, Successful, Trader, Trading
does anyone have good expeirence with forex trading and would like to share it with me.?
As i would like to open a live Forex trading account soon and need some advice, and does anyone use Forex signal companies and which one would you recamoned.
REgards
Categories: forex signals Tags: anyone, expeirence, Forex, Good, like, share, Trading, would
Anyone have a great strategy for 20 pips a day?
This is in Forex trading.
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Categories: forex pips Tags: 20 pips daily, anyone, daily 20 pips, great, pips, Strategy
Categories: forex strategies Tags: anyone, avoids, crossover, exit, Forex, Good, Know, Strategy, technique, whipsaw
Forex Automoney ? Anyone knows is it a reliable service or Scam ?
I am very interested in joining the forex automoney signal service.
But everywhere I read regarding forex automoney review…..everyone is saying only good things about forex automoney.
I am a very skeptical person and I usually smelly something fishy if it’s too good to be true.
Can anyone provide me with own experience after having tested out forex automoney ?
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I found a website www.freedominforex.com. Has anyone heard of it and what do you think?
The site has 2 videos one for the product and one for the business. The company is FreedomRocks.com The product is a program that will help you trade in the forex market and show you how to hedge your trade and make daily interest on the money at better than market rates for banks and mutual funds. The business video talks about a MLM plan with the business. More interested in the product than the business. Would like to know peoples thoughts on the product or information you might have.
I tried the 15 day free trial and was making over 30% annual interest on my money. They showed how I could make more but also had to take bigger risk trading. I was able to swing some trades for positive return of 10% in 15 days trading conservatively with a demo account. I have only been in the forex market for a short time but found it very intriguing.
Thanks for your responses in advance.
Categories: Forex Hedging Tags: anyone, found, heard, think, website, www.freedominforex.com.
Is there anyone among you who is consistently making money on the forex market?
I am interested in taking up day trading. I want to know if any of you have really succeeded at this and if they have any winning strategies/
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Has anyone tried the strategy depot forex strategy’s?
Has anyone tried the strategy’s from http://www.strategydepot.com/ ? It’s $39.95 a month to get access to all the strategy’s, ebooks and such. I am looking for a strategy and I have not come across single one, which is explained in simple terms of given enough detail, for free. So don’t start going at me for not being able to find a good, simple strategy for free, cus there ain’t none.
If you have tried any strategies from said site, then let me know how many winning trades you had and let me know if he uses crazy lingo, like rallies(jusy how the hell is anyone who is new meant to know what a rally means…) and such. Is this site a good for someone who is new to trading?
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Does anyone know of a good website that offers free forex alerts&signals?
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