Foreign Investors Group

The answer of you question can be found in these websites given below, so don’t forget to visit these.
(http://www.themgw.com)
(http://www.4xxworld.blogspot.com)
(http://www.stocknmoney.blogspot.com)
(http://www.f-bbb.blogspot.com)

Hi,

I myself havent tried the foreign exchange trading but it is very lucrative.

If you have enough knowledge of stock trading and have gone through forex courses then you can try getting into the forex market.

Obviously you should have cash lying around for the same

regards,
Jimmy Thakkar

This is a little different from “retail forex”, but I traded foreign currency futures and options-on-futures — CME listed ones — and it was very successful, on the net. This trading was based on academic foreign exchange models (an academic interest of mine at the time) that later became indecisive, after which I stopped this and moved on to other things. It was quite risky at times, and while some trades were very profitable, others had large losses — I would not recommend it for most people.

I would be very reluctant to use “retail forex” brokers as these aren’t an open, independent market; with “retail forex”, you only trade against your broker. That means that your broker always is taking on your opposite positions (whether or not they’re hedging, etc. is another issue). CME is an open market, where you trade with other traders, etc., but it’s futures or options-on-futures, which makes things a little more complicated. As with all forex trading, generally you’re quite leveraged, too, which means things can go very wrong for you really quickly, so whatever you do please be careful. The odds are against any new trader, no matter what market they’re trading.

I think it’s possible to open more of a “true” foreign exchange (NOT “retail forex”) account where you’re much closer to reality (trading with the interbank desks), but I think the lowest minimum I’ve seen for this is $2 million to start the account.

The most important step is to find the right forex broker. I have reviewed some of the best forex brokers at http://www.forexlane.com/brokers.html

Here is an honest answer for you

I cannot stop trading forex now.

Some times I win some times i lose it is almost like gampling. for example a few days a go i opened a deal on EUR/USD and it was going down And i thought it will keep going down so I opened a deal of 200$ and earned in one hour 300$. But i did not closed the deal thinking it will keep moving down. GREED

but a few hours later it changed direction and start to move up fast, But i did not act waiting for it to change direction a gain. now I lost all the 500$ which mean a net loss of 200$. and the EUR/USD in in the highest level since oct 2008.

You can make money but you must know when to start and when to stop.
http://www.forextrading-forexsoftware.com/

If you are going to trade the forex by hand, in other words without and expert advisor or robot, you will have a to be studying charts technicals, graphs and other information on a consistent basis. It in fact is very time intense doing that technical analysis. On top of that, the basis for your examining all of this data is your methodology or system to make a profit in the market. The creative flash of genius that gives you a way to extract profit out of the market is the key. Without that, as your foundation, what is your analysis based on? It could be that you do have a tactic though, that you have read or bought somewhere, even then doing the calculations can be daunting.