Question:

How FOREX TRADING IS DONE?

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I am a STOCK MARKET investor. From its income I am able to lead a modest living. Now I want to enter in FOREX TRADING. Would you pl. let me know the basic books on the subject, in Indian context.As on today I know nothing about this craft.

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AlexLeon

Forex Trading is regarded as the exchange of currencies in Forex market. Before stepping into the forex market, you need to understand all the basics of forex trading, forex market, and how it works. Various trading academies and tutorials are available over the web, but you should go for brokers (visit https://www.youtube.com/channel/UCpA02tGLvK9UlxOhuX0LE9A to pick broker), as they provide trading platform, assistance and help in making deals.

Report (0) (0) | 9 years, 1 month(s) ago
Like other things, you have to learn the basics.  It is very important as many newbies rush in and lose without even knowing why.

Study as much as you can.  Try out forex trading softwares that are good but always do paper trades until you are very comfortable.

Join some club or forum where you can learn from other traders and share resources.

That's how I started and I'm thinking of going full time into forex trading so I can quit my job.

Report (0) (0) |   earlier
Hi ,

I am also from india (Andhra Pradesh) ,Foreign Exchange is also called as forex,fx,4x ,exchanging currencies of different countries is Forex .Forex is nothing but Buying currencies and selling it for profit is forex.It is a currency trading,24 Hrs of business which allows traders to deal after normal hours thus providing a round-the clock business environment.
Report (0) (0) | earlier
You should check out "Forex Autopilot" - that package includes a piece of software and expert advisor script and several books on the subject of forex trading.

You can see a pretty neat review here: http://www.fxsystemscompared.com/rev_for...

Hope this helps?
Report (0) (0) | earlier
If you are able to earn a modest cash flow from your stock market investments, then trading forex could be a good way to diversify for you.

It works pretty much the same way--you buy at a low price, then sell at a high price. To learn how to trade this market, open a demo trading account, and go from there.

Good luck!

http://jsforex.blogspot.com
Report (0) (0) | earlier
I think forex trading is provided by Reliance money search for the nearest office in your town
Report (0) (0) | earlier
you might either let professionals trade you funds like these on

http://www.bestforexinvestment.com

or learn trading forex properly with an outstanding course like this one:

http://www.NITrading.info
Report (0) (0) | earlier
it is not easy for a newbie to join forex and start trading without proper knowledge. unlike stocks, forex is a speculative market and therefore needs substantial know how of currency trends. you can check your options in this site. for a start, register and dwonload a Free Forex Ebook. the book will give you a wider insight on forex trading. further, if you wish to speed up your knowledge of the trade, you can have a live, personal tutorial through phone, email or chat by depositing $100, which can also be used as your initial capital. by doing so, you will be provided a personal Account Service Manager (ASM) to be your mentor/adviser and trading partner as well. being an expert forex trader, your ASM is your best resource person to discuss trading practices, tips and techniques needed for a profitable trading deals. good luck.
Report (0) (0) | earlier
You mention that you are a stock market investor. Please note that forex trading is trading and requires different skills to stock market investing. Although there are some similarities, you should first learn the basics and start small perhaps with a simulated account.
Report (0) (0) | earlier
Trading the Forex markets has become one of the most popular activities among people from all walks in life but with the solid interest of gaining financial freedom away from the traditional environments of the office work.

I have been trading in Forex market for years. And I have realised that it is not very difficult to make money in this market a few times. But the most difficult things for individual investor/ trader is to continuously do well. I started using "Forex Killer'"Signal Program from last June and since then I have been able to make profit continuously. Now I am considering trading full time by using this wonderful service, I never thought my dream comes true so quickly !!

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Report (0) (0) | earlier
Ok, You can learn every thing in forex from a-z simple and also will have amazing trading tools and free ebook all in one software which has been launched 2 weeks ago.

I tried it free and found it really very great.

You can download it free from: http://www.voocash.com

Good Luck!
Report (0) (0) | earlier
Anil Kumar Raju has answered your question.

But you need permission ( license ) from the

Reserve Bank of India for trading in Foreign Exchange.
Report (0) (0) | earlier
tradingsolution.org to sites on the

Internet for forex!

Browse our resources or just

try the search

http://tradingsolution.org/
Report (0) (0) | earlier
Hi,

These are some points you should know before you start trading.

1. Learn concepts 1st. get familiar with the technical analysis, fundamental analysis, indicators and tools.

2. Make use of stop loss, limit orders and trailing stops.

3. Make sure of the entry and exit points.

4. Don't greed. Predetermine your targets and then follow them strictly.

5. NEVER repeat your mistakes. Learn lessons from your loss and try not to repeat them.

6. Never follow what people say, make your own strategy and use them cleverly in trades.

7. Choose a good broker who can help you to make smart trades and provide updated news

If you are totally new then you can start with demo trading else open an account with just $25 and get started with live trading account.

My Dealer: http://www.finexo.com/
Report (0) (0) | earlier