Answers
I'm just starting forex trading and was wondering what tracking program would be best for me to begin to do Technical Analysis with. It would be nice if I could use a free program or at least a low cost one but if I need to I'll spring for a program to help me track currencies and develop a trading strategy. User friendliness is key because I'm a totally novice trader. Any reading materials for learning better TA or websites are also greatly appreciated.
A lot of people seem to use MT4, and many brokers offer this trading platform free with a demo account or with a real money account. It has many technical indicators you can use for free.
I'd probably recommend InterbankFX as a good place to start. They have a lot of educational information as well as offering free demo accounts.
Free Forex Trading System
Where can i get free technical analysis for forex pairs?
Go to http://www.forextko.com it is a great website.
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Hello guys,
I'm interested in learning more about forex, options and futures trading. I heard that there are mini or micro account that can go as little as US$ 200 or 300 dollar. Is it true ?
Also, any recommendations for free forex, options and futures trading simulators ? I know that some websites provide this service but usually the virtual capital is too high (10K or up), and I want to set the initial capital to small amount like US$ 300 or 500.
If possible, is there any recommendations for courses/books ? I'm not aiming for those "fancy" amount of income, several thousand/month is OK. Of course I'm not looking for courses that cost hundreds or thousands of dollars...
Thanks for the input. I agree that it's a bit too much to expect thousands of returns for such a small amount of capital.
But, if I expect my capital which is around 300 or 500 to be doubled by around 1-2 month. Doesn't is sound possible ????
My plan is actually something like this :
The capital will be 300 or 500. The goal is to double the capital by around 1 - 2 mounth(s).
When I have more money, I will buy more lots...
To make it safer, every time I manage to double the previous capital, I will do one more time before I plan to use more capital to trade.
It will be something like this (US$500 capital) :
500 - 1000 - 1000 (don't use for trading) - 2000 - 2000(don't use for trading) - 4000 and so on ...
Now the problem is to find the system that are able to do this... Any recommendations ?
I personally distrust systems that cost hundreds or thousands or dollars. There are simply too many scams...
Using the Mtpredictor's technical analysis Elliot Wave Principle software, Bsmtprediction provides Forex Traders with FREE access to AUD/USD, EUR/GBP, GBP/USD, EUR/USD, NZD/USD, USD/CAD, USD/CHF, EUR/JPY, GBP/JPY & USD/JPY daily currency forecasts through this website. At Any Time / Any Day (we'll straight away post the signals here in real-time if there's any triggered) 1 hour, 4 hours & daily time frame forecasts are published on this site. The predictions are good from the moment they are published until either it reached the take profit target, hitted the stop loss or another new prediction of the same currency & timeframe unveils on the same / following day. Essentially, the prices shown are for an unknown period.. That's why we encourage you to subscribe our FREE Google Groups newsletter to get the latest signal updates sent to your e-mail from the very 1st minute it surfaces the net..
I have come accross some free forex candlesticks charts but the bars/chart were so small that I could barely see the candlestick bars. I am looking for nice clear candlestick charts for forex. I appreciate the help
Hi,
www.Oanda.com provide good charting Free of charge. You can sign up for a non expiring demo account. Or you can join Fxcm.com for demo account, but the account expires in a month time. and you can get trading signals from www.forex-signals-4u.com
Hope the above helped.
Does anyone know of a free forex tool that shows top traders buy or sell positions??
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EUR/USD (Forex): Big Moves, But What's the Reason?Elliott Wave - Oct 27, 2009
EUR/USD (Forex): Big Moves, But What's the Reason?EWI subscribers and regular readers of our Free Updates articles know that Elliott wave patterns in the US dollar have been strongly suggesting strength and more »
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Globe and MailCanada's central bank should opt for currency interventionThe central bank could use a currency intervention to discourage Forex trading that drive the Loonie, in its well thought-out opinion, above its economic Carney hinted he would prefer to avoid tampering with the Canadian dollarall 672 news articles »
Daily FX - Oct 27, 2009
The popular currency trading contest has been running for over four years and you can participate for free. King of the Micro is available to clients allPRLog.Org (press release) - Oct 26, 2009
New York, October 26, 2009 DailyFX.com (www.dailyfx.com) FXCM's free news Web site, had a complete site overhaul and the new fresh, easier to navigate and more »Reuters - Oct 28, 2009
ANALYSTS' VIEW-Does political risk impact S.Korean asset prices?South Korea's sensitivity to forex swings is also one of the key factors that causes a discount. "As we have seen, when foreign money flows out of our and more »