Forex

I have really enjoyed trading forex. I love the instantaneous orders and not paying commissions. I look forward to learning as much as I can. My system right now has worked well for me, and I will continue to use it until something better comes along.

Right now I use FXCM's trading platform for my demo account (paper money). I rely heavily on the professional trades that they post on their news platform (for both my real and paper trading). Their professional traders post supports, resistances, the respective strength at different levels, where they think the market is headed short-term, where the purported buy and sell orders are, and most importantly, their own trades. If they ever make it required to have an account to recieve these updates, I will definitely open one with them again. For now, however, it can be accessed along with the free demo account.

The trading platform I use is from GFT and is called Dealbooks. This trading software is so great that as soon as I found it, I had to open an account with them. They will let you try it free for thirty days and possibly a little longer but it is well worth trading with GFT in order to have access to it. Not only can you use the trading software and trade straight off of the charts, but you can trade mini's or in smaller increments than the usual standard lots without affecting the spread. The only cost of trading is the spread so it's great to find a broker that doesn't increase the spread for mini's.

I also use indicator 75 that is based on my Dealbook charting software.

Keep checking back or subscribe to this post to see updates as I learn.

The Web site for FXCM is www.fxcm.com. Download the free demo and the news plugin. You should paper trade for at least a few months (some books I've read have suggested paper trading for a year or more) until you feel confident trading and then trade for at least a year (on author suggested five years) on a mini account. It is amazing to see the difference between paper trading and real money trading! I average over 100 percent on my paper account but have much more modest gains, so far, on my real money account.

I have gotten the best value by using FXCM for my info and free demo account and www.gftforex.comfor my charts and actual real money trading. Here is a book that has given me invaluable insight on how to maximize profits and minimize losses. There is one more book that I read and loved, but I will have to add it later because for the life of me I can't remember its name. But I have found that while actually trading is really important, reading about it can save you a lot of frustration and money!!