Ok,I'm gonna start some forex trading
 

Been looking around for a while at babypips and some other places and decided to just open a small real account at $1000. I know most say that opening small accounts like that is bad but It's money I feel comfortable to lose and I want to get my feet wet.

Any pointers and good websites I should check out?

What is the best place to open a "micro" account like I want to do?

forex trading is the favorite exit strategy for adult webmasters :1orglaugh


good luck Nicky though :thumbsup

Hehe yea, well it looks fun and I've always been a gambler (which is negative when talking forex I guess) :upsidedow

small account = big mistake

I'm using FXCM Micro:
http://www.forexmicrolot.com/

With this company you also get access to http://www.dailyfx.com/ - which gives some decent trading signals and suggested trades.

Make sure you know how to read charts, the elliot wave theory, support and resistance levels, stop loss and limits, etc. Study individual currency movements to find out which way a pair will move, etc. Start small, make sure you have a large enough amount of money in your account, because a small move can easily erase your margin and kill your account.

To be honest, its hard as fuck! Charts make tons of unexpected moves. Once you spot a trend, by the time you jump in, it will usually start heading the opposite direction. Don't chase losses.

Thanks, opened a demo account to get a feel for the platform.

Well, you are obvisouly gambling...

If you are looking for another business like Forex is because you have seen other webmasters talking about it and you are trying to recover the income you were doing back in 2004 in adult alone.

Anyway, you need a lot of training to trade in FOREX, what is your curriculum? Which books did you read?

Even marketsmart lose money in FOREX.

Have you seen a guy called "Stern-Capital" here in GFY???

Well.. Look for Stern-Capital thread at FF forum... He makes questions asking about what system he can use, LOL... :1orglaugh:1orglaugh

You'll do better promoting one of the sites that tries to convince people they can make big money from forex. Profit from marks' losses, don't become one.

Point taken. I'm gonna "gamble" with a small account anyway. Haven't read any books yet just online tutorials like babypips along with doing some demo trading which has worked decent.

Good luck with that.

Don't get involved in this bear market. Put that money into a CD.

"In this" ?

You mean "in that"... unless you are involved too. :2 cents:

I'm using IBFX which is an ECN/NDD
There is no reason to risk any money, with demo accounts its as close to live trading as it gets. I tend to take much less risk in a live trade.

I know you want to get your feet wet but trade the demo account for at least 3 months.

In addition to babypips, forex-tsd.com is great forum to get ideas, EA's, indicators etc. and of course MT4 is the platform to use.

forex 4 lyfe

how much you can make with forex???

Is that a ritorical question? :)
You can make with Forex as much as you want. Many end up with a 0.

:2 cents:

Make sure you know your limits and stop a trade before it gets out of hand, But read and read more then keep on playing with the demo account.. I to have made and lost money with forex and belive me it is stressfull...good luck

Read the James16 Chart thread about chart trading. No indicators, just price action. James 16 also has a trading group you can join.

Also SRDC I

Another system is Woodie's CCI also http://www.woodiescciclub.com/start.htm