Profit Guide to Forex
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Can anyone tell me about the best online Forex trading resources for newcomers?

I am a new comer in the business of online Forex trading. I have been using various online sites for useful advice and tips on where to invest my money in Forex trading, as we all know it’s a risk prone business. However, I am still in the learning phase and wish to know as much as I can. Can anyone tell me more about some of the best online Forex trading resources?

Public Comments

1. Try London Pearson, by going to their website www.londonpearson.com. I am actually talking out of experience here, as before them I had tried a number of brokerage firms, with mediocre results. But ever since I started investing and trading with them, I’ve seen some serious return on investments. They are quite a reputed firm and their traders and sales team will help you decide upon the best trading strategy to suit your need, with their market knowledge and expertise. Even as a small time investor, you can expect to see returns. I am actually quite satisfied with London Pearson, and would recommend you give them a shot.

2. There are a lot of good resources on the internet for forex trading. Try starting here.
http://www.daytrading.net/education-in-forex/

3. Hello . This site is very helpful for newbies . You should try it.

4. you may also try your options in this site. it will lead you to a reputable, leading forex broker that has an Info Center on forex trading and provides daily as well as weekly forex news/outlook. much more, by opening any of their account- mini, gold, platinum or vip- they provide, for free, a dedicated personal account service manager or asm as mentor and consultant. discussions are done live via phone, email chat or even personal meeting if available in your area. all the best.

5. hands down forex factory. If you have any questions about the learning process, shoot me a message at my blog.

Finally I feel that to be responsible I have to mention that risk prone is an understatement. Do not expect to make consistent gains with an account less than 50k (unless you expose your account to an unsustainable level of risk). Market makers know your positions and they will try to stop you out to make the price budge. Do not fall for the pretty charts and lines and numbers, they will blind you from the trading (although they do make interesting pieces of art). Do not use a forex-robot. If you don't know how it works don't use it (I say this because it works a bit sometimes, but for the rest of the time it will bleed your account since the market landscape changes)

6. Hello I maintain a blog myself regarding forex that is regularly updated.
http://forexindicators-metrader.blogspot.com/

The blog is for like minded people to share resources.
I have many charts, news streams, links, and other resources.
To make money in forex you have to put a substantial amount of
time into it. If that's what your looking for prepare to make many
sacrifices. Be sure to stop by my blog and bookmark it.
I plan on growing much larger in the next year.

7. My advice is as follows -

1. Use a system.
2. Never pay for a system.
3. There is no system that is a subsitute for learning.

What I mean is this this. You must have a system (a set of rules that you follow) or else your emotions will likely take over and cause you to lose. You can't just buy these rules from someone else either. Following someone elses rules is extremely difficult to do, it's far easier to follow rules that you know work because you have done the work in developing and back testing them for yourself; which is where point number 3 comes in. In order to do this you need to learn how to trade and what makes the Forex market move. To help though, here is what I think the best Forex trading systems have in common http://www.myforexdot.org.uk/best-forex-trading-systems.html