I am trying to get into the forex market, I would like too know the best site for news and tips.
I am going to be trading GBP.USD.
If you're interested in getting into Forex, I recommend you take a look at http://www.forexfromscratch.com which has a really interesting free book about starting off in Forex.
It's a step-by-step beginners guide which is 100% free. just go to the homepage and download it for free – you'll be able to avoid most of the beginner pitfalls with it.
Hope this helps?
Nope – there are no 'tips' that will give you any market edge. Forex is a fast moving market. You have to get a feel for it yourself. just make yourself aware of the big economic news days (and time of anouncements) in the US and GB. Know how to read trends and cross your fingers. Forex is not for the faint hearted. I hope you realise what it is you are getting into?
get into this site to download a Free Forex Ebook and browse the pages for the daily and weekly news and all the tools needed to learn and analyse forex trends. open an account (mini, gold,platinum, vip) and you will be provided a personal Account Service Manager to be your consultant, mentor and trading partner with whom you can talk live over the phone, email or chat and discuss anything of value when it comes to profitable forex dealings. all the best
You're looking for tips in the FX market…………… your question indicates that you believe someone can give you a "tip" on how to be successful…… well here it is.
Work hard. Take 2-3 years to learn "Technical Analysis". Spend as much time understanding the critical importance of "Money Management". Paper trade with the understanding that the results mean nothing…. but it will aclamate you to a trading platform and some feel for technical analysis.
Understand that there is no guru, software or alert service that will make you money.
BTW: do you have a clue on how much Volitility there is in the GBP/USD pair….. a whole lot more than many other major pairs. This would have to be your first really bad choice.
Understand….. 96% of those that try FX trading stop after 4-6 months (because of large losses). most have no plans when they trade & certainly don't use money management techniques.
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- A determination to stick with a buying and selling system, have a extended term view, and keep away from any temptation to tweak or break the principles.
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