Bottom line. Too many people and brokers make FX look like the answer to everyone's financial needs. This is so wrong I can't begin to explain in this short forum.

Software, black boxes and even "alert" services will kill you financially. There's only one way to make money in FX;

1. Develop your own strategy.
2. Remember "Money Management" is more important than having the right "picks".
3. Take at least a year to really learn this stuff before putting down one cent. Read as many books as possible, mostly on Technical Analysis and Psychology of trading.

This is not the land of "big hits" (no trading is). Position Sizing and Money Management are the most important skills you can learn.

It's totally appropriate for traders. It's easy to be a disciplined trader in one's mind, but pulling the trigger is another matter.

And your suggestion to take a break is one of those ideas that we all know is on the right track – but how many will follow the advice?

Bottom line. Too many people and brokers make FX look like the answer to everyone's financial needs. This is so wrong I can't begin to explain in this short forum.

Software, black boxes and even "alert" services will kill you financially. There's only one way to make money in FX;

1. Develop your own strategy.
2. Remember "Money Management" is more important than having the right "picks".
3. Take at least a year to really learn this stuff before putting down one cent. Read as many books as possible, mostly on Technical Analysis and Psychology of trading.

This is not the land of "big hits" (no trading is). Position Sizing and Money Management are the most important skills you can learn.

1- There are a lot of websites with free information about forex:

There is also a good series of videos that were used to be free but unfortunately they are not free any more. You have to pay $10 for each but it does worth. If you watch these videos, it will save hundreds of hours of your time:

Also at you can find free daily/weekly signals every night.

Almost all of the forex brokers offer free demo accounts which you can practice with the fake money. Here is a small list of the brokers with free demo account:
1-
2-
3-
4-

The first two have MT4 platform. The last two have their own special platforms.

=======================

2- You can start trading forex with as low as $100. The leverage is 1:100 but you can also find 1:400 leverage too. If you learn forex properly, you can double a $5000 account every month and there are forex traders who make much more.

As you have been a stock traders, you will learn forex much faster and easier because 99% of the techniques are the same.

=======================

3- For Canadians CMC Markets is the best option:

=======================

4- It depends on yourself. You can trade wisely or you can gamble with your money and lose it easily.

There is a higher risk than the stock market because the leverage is higher.

=======================

5- There are some legitimate ones but you don't need them. You can easily learn technical analysis and find buy and sell signals on your own. It is not hard.

Best regards,
Vahid
http://www.weboma.com/

Bottom line. Too many people and brokers make FX look like the answer to everyone's financial needs. This is so wrong I can't begin to explain in this short forum.

Software, black boxes and even "alert" services will kill you financially. There's only one way to make money in FX;

1. Develop your own strategy.
2. Remember "Money Management" is more important than having the right "picks".
3. Take at least a year to really learn this stuff before putting down one cent. Read as many books as possible, mostly on Technical Analysis and Psychology of trading.

This is not the land of "big hits" (no trading is). Position Sizing and Money Management are the most important skills you can learn.

1- There are a lot of websites with free information about forex:

There is also a good series of videos that were used to be free but unfortunately they are not free any more. You have to pay $10 for each but it does worth. If you watch these videos, it will save hundreds of hours of your time:

Also at you can find free daily/weekly signals every night.

Almost all of the forex brokers offer free demo accounts which you can practice with the fake money. Here is a small list of the brokers with free demo account:
1-
2-
3-
4-

The first two have MT4 platform. The last two have their own special platforms.

=======================

2- You can start trading forex with as low as $100. The leverage is 1:100 but you can also find 1:400 leverage too. If you learn forex properly, you can double a $5000 account every month and there are forex traders who make much more.

As you have been a stock traders, you will learn forex much faster and easier because 99% of the techniques are the same.

=======================

3- For Canadians CMC Markets is the best option:

=======================

4- It depends on yourself. You can trade wisely or you can gamble with your money and lose it easily.

There is a higher risk than the stock market because the leverage is higher.

=======================

5- There are some legitimate ones but you don't need them. You can easily learn technical analysis and find buy and sell signals on your own. It is not hard.

Best regards,
Vahid
http://www.weboma.com/

You should be able to make it so that you risk no more than 1% per trade, this way you'll always weather the strings of losing trades and make a come back given you trade your system with discipline.

What has helped me mentally and could also help you, is to go through your trades in your mind before trading each day. This is one form of self-hypnosis, to imagine yourself entering trade without hesitation when you see your setup, and exiting on both winning trades and losing trades exactly according to plan.
Another technique that's really helped me was dissociation. When I'm in a trade, I picture seeing myself from a 3rd person view, doing exactly what a disciplined trader does, which is waiting patiently for profit to hit target levels, and exiting exactly according to plan if it's a losing trade.

I hope that helped a bit more

2. Forex does require a pretty descent size bank roll because your buying on margin, and you don't want to experience a margin call because of lack of funds.

3. Forex.com also offers a brokerage service. I think they are the most popular

4. It's defiantly risky. There apparently is a science/art to it, but not one I'm willing to figure out.

5. I'm not aware of any free trading systems/software other than the basic stuff you can find on Forex.com and the like.

1- There are a lot of websites with free information about forex:

There is also a good series of videos that were used to be free but unfortunately they are not free any more. You have to pay $10 for each but it does worth. If you watch these videos, it will save hundreds of hours of your time:

Also at you can find free daily/weekly signals every night.

Almost all of the forex brokers offer free demo accounts which you can practice with the fake money. Here is a small list of the brokers with free demo account:
1-
2-
3-
4-

The first two have MT4 platform. The last two have their own special platforms.

=======================

2- You can start trading forex with as low as $100. The leverage is 1:100 but you can also find 1:400 leverage too. If you learn forex properly, you can double a $5000 account every month and there are forex traders who make much more.

As you have been a stock traders, you will learn forex much faster and easier because 99% of the techniques are the same.

=======================

3- For Canadians CMC Markets is the best option:

=======================

4- It depends on yourself. You can trade wisely or you can gamble with your money and lose it easily.

There is a higher risk than the stock market because the leverage is higher.

=======================

5- There are some legitimate ones but you don't need them. You can easily learn technical analysis and find buy and sell signals on your own. It is not hard.

Best regards,
Vahid
http://www.weboma.com/

1- There are a lot of websites with free information about forex:

There is also a good series of videos that were used to be free but unfortunately they are not free any more. You have to pay $10 for each but it does worth. If you watch these videos, it will save hundreds of hours of your time:

Also at you can find free daily/weekly signals every night.

Almost all of the forex brokers offer free demo accounts which you can practice with the fake money. Here is a small list of the brokers with free demo account:
1-
2-
3-
4-

The first two have MT4 platform. The last two have their own special platforms.

=======================

2- You can start trading forex with as low as $100. The leverage is 1:100 but you can also find 1:400 leverage too. If you learn forex properly, you can double a $5000 account every month and there are forex traders who make much more.

As you have been a stock traders, you will learn forex much faster and easier because 99% of the techniques are the same.

=======================

3- For Canadians CMC Markets is the best option:

=======================

4- It depends on yourself. You can trade wisely or you can gamble with your money and lose it easily.

There is a higher risk than the stock market because the leverage is higher.

=======================

5- There are some legitimate ones but you don't need them. You can easily learn technical analysis and find buy and sell signals on your own. It is not hard.

Best regards,
Vahid
http://www.weboma.com/

Bottom line. Too many people and brokers make FX look like the answer to everyone's financial needs. This is so wrong I can't begin to explain in this short forum.

Software, black boxes and even "alert" services will kill you financially. There's only one way to make money in FX;

1. Develop your own strategy.
2. Remember "Money Management" is more important than having the right "picks".
3. Take at least a year to really learn this stuff before putting down one cent. Read as many books as possible, mostly on Technical Analysis and Psychology of trading.

This is not the land of "big hits" (no trading is). Position Sizing and Money Management are the most important skills you can learn.

Here is what I am struggling with. Timing of the next major leg (not a correction but the resumption of the trend). And, whether it starts with small steps or a steep gap. If it is baby steps, then I think the risk/reward favors being late and one can relax about the timing, because all one has to do is wait and join after the first 3% is lopped off. If it gaps lower, then one would rather position ahead and suffer for a few days/weeks…and am not looking forward to it. The thing with stops is..if one gets stopped out, then one is not supposed to put the same positoin on..so, what is the next entry point? And how many times to keep suffering damage by a thousand small cuts?

China seems to have set the ball rolling, but may make another attempt to go higher before dropping. The credit indicators you mentioned are widening, but gently and are sill benign. If there starts to be a big negative divergence then we would know the timing gets closer and there is a catalyst. Other than that, there could be some unexpected catalysts. Just dont see anything other than China that can trigger the next move…unless at some point, people start looking for the exit at the same time and the machines all switch direction.

I think the first move may be a gap lower; and that makes the timing crucial and I am struggling with it. Looking at some of the early years…looks like every deep drop was followed by a steep rally. Similar in percentage terms, so perhaps wait for the first bounce after the first drop and join in then? Dont know

Bottom line. Too many people and brokers make FX look like the answer to everyone's financial needs. This is so wrong I can't begin to explain in this short forum.

Software, black boxes and even "alert" services will kill you financially. There's only one way to make money in FX;

1. Develop your own strategy.
2. Remember "Money Management" is more important than having the right "picks".
3. Take at least a year to really learn this stuff before putting down one cent. Read as many books as possible, mostly on Technical Analysis and Psychology of trading.

This is not the land of "big hits" (no trading is). Position Sizing and Money Management are the most important skills you can learn.

Bottom line. Too many people and brokers make FX look like the answer to everyone's financial needs. This is so wrong I can't begin to explain in this short forum.

Software, black boxes and even "alert" services will kill you financially. There's only one way to make money in FX;

1. Develop your own strategy.
2. Remember "Money Management" is more important than having the right "picks".
3. Take at least a year to really learn this stuff before putting down one cent. Read as many books as possible, mostly on Technical Analysis and Psychology of trading.

This is not the land of "big hits" (no trading is). Position Sizing and Money Management are the most important skills you can learn.

1- There are a lot of websites with free information about forex:

There is also a good series of videos that were used to be free but unfortunately they are not free any more. You have to pay $10 for each but it does worth. If you watch these videos, it will save hundreds of hours of your time:

Also at you can find free daily/weekly signals every night.

Almost all of the forex brokers offer free demo accounts which you can practice with the fake money. Here is a small list of the brokers with free demo account:
1-
2-
3-
4-

The first two have MT4 platform. The last two have their own special platforms.

=======================

2- You can start trading forex with as low as $100. The leverage is 1:100 but you can also find 1:400 leverage too. If you learn forex properly, you can double a $5000 account every month and there are forex traders who make much more.

As you have been a stock traders, you will learn forex much faster and easier because 99% of the techniques are the same.

=======================

3- For Canadians CMC Markets is the best option:

=======================

4- It depends on yourself. You can trade wisely or you can gamble with your money and lose it easily.

There is a higher risk than the stock market because the leverage is higher.

=======================

5- There are some legitimate ones but you don't need them. You can easily learn technical analysis and find buy and sell signals on your own. It is not hard.

Best regards,
Vahid
http://www.weboma.com/

Bottom line. Too many people and brokers make FX look like the answer to everyone's financial needs. This is so wrong I can't begin to explain in this short forum.

Software, black boxes and even "alert" services will kill you financially. There's only one way to make money in FX;

1. Develop your own strategy.
2. Remember "Money Management" is more important than having the right "picks".
3. Take at least a year to really learn this stuff before putting down one cent. Read as many books as possible, mostly on Technical Analysis and Psychology of trading.

This is not the land of "big hits" (no trading is). Position Sizing and Money Management are the most important skills you can learn.

Bottom line. Too many people and brokers make FX look like the answer to everyone's financial needs. This is so wrong I can't begin to explain in this short forum.

Software, black boxes and even "alert" services will kill you financially. There's only one way to make money in FX;

1. Develop your own strategy.
2. Remember "Money Management" is more important than having the right "picks".
3. Take at least a year to really learn this stuff before putting down one cent. Read as many books as possible, mostly on Technical Analysis and Psychology of trading.

This is not the land of "big hits" (no trading is). Position Sizing and Money Management are the most important skills you can learn.

Have you ever played Rich Dad Poor Dad's Cash Flow game? Its actually a lot of fun and a little cooler then monopoly. I'm actually thinking up creating my own board game just for stocks and options. I'm going to start a club in hawaii and see if I can get two board games a month and charge a small fee to get people to come to learn about finances and meet some other local people interested in their finances. I guess I'll have to see how it works out.

As for paying off my rental property or car first it does make sense to pay off the car. I hear you can use the interest you pay on your car and take that off your taxes too. I understand the points and interest tax credits you can take. I've done it twice now and it helps. I'm currently in the poor income tax bracket and get back mostly all the federal and state income tax I pay yearly. As soon as my stock portfolio hits higher I'm sure I will really need all the tax advantages I can get.

Bottom line. Too many people and brokers make FX look like the answer to everyone's financial needs. This is so wrong I can't begin to explain in this short forum.

Software, black boxes and even "alert" services will kill you financially. There's only one way to make money in FX;

1. Develop your own strategy.
2. Remember "Money Management" is more important than having the right "picks".
3. Take at least a year to really learn this stuff before putting down one cent. Read as many books as possible, mostly on Technical Analysis and Psychology of trading.

This is not the land of "big hits" (no trading is). Position Sizing and Money Management are the most important skills you can learn.

Here is what I am struggling with. Timing of the next major leg (not a correction but the resumption of the trend). And, whether it starts with small steps or a steep gap. If it is baby steps, then I think the risk/reward favors being late and one can relax about the timing, because all one has to do is wait and join after the first 3% is lopped off. If it gaps lower, then one would rather position ahead and suffer for a few days/weeks…and am not looking forward to it. The thing with stops is..if one gets stopped out, then one is not supposed to put the same positoin on..so, what is the next entry point? And how many times to keep suffering damage by a thousand small cuts?

China seems to have set the ball rolling, but may make another attempt to go higher before dropping. The credit indicators you mentioned are widening, but gently and are sill benign. If there starts to be a big negative divergence then we would know the timing gets closer and there is a catalyst. Other than that, there could be some unexpected catalysts. Just dont see anything other than China that can trigger the next move…unless at some point, people start looking for the exit at the same time and the machines all switch direction.

I think the first move may be a gap lower; and that makes the timing crucial and I am struggling with it. Looking at some of the early years…looks like every deep drop was followed by a steep rally. Similar in percentage terms, so perhaps wait for the first bounce after the first drop and join in then? Dont know

You should be able to make it so that you risk no more than 1% per trade, this way you'll always weather the strings of losing trades and make a come back given you trade your system with discipline.

What has helped me mentally and could also help you, is to go through your trades in your mind before trading each day. This is one form of self-hypnosis, to imagine yourself entering trade without hesitation when you see your setup, and exiting on both winning trades and losing trades exactly according to plan.
Another technique that's really helped me was dissociation. When I'm in a trade, I picture seeing myself from a 3rd person view, doing exactly what a disciplined trader does, which is waiting patiently for profit to hit target levels, and exiting exactly according to plan if it's a losing trade.

I hope that helped a bit more

2. Forex does require a pretty descent size bank roll because your buying on margin, and you don't want to experience a margin call because of lack of funds.

3. Forex.com also offers a brokerage service. I think they are the most popular

4. It's defiantly risky. There apparently is a science/art to it, but not one I'm willing to figure out.

5. I'm not aware of any free trading systems/software other than the basic stuff you can find on Forex.com and the like.

Bottom line. Too many people and brokers make FX look like the answer to everyone's financial needs. This is so wrong I can't begin to explain in this short forum.

Software, black boxes and even "alert" services will kill you financially. There's only one way to make money in FX;

1. Develop your own strategy.
2. Remember "Money Management" is more important than having the right "picks".
3. Take at least a year to really learn this stuff before putting down one cent. Read as many books as possible, mostly on Technical Analysis and Psychology of trading.

This is not the land of "big hits" (no trading is). Position Sizing and Money Management are the most important skills you can learn.

2. Forex does require a pretty descent size bank roll because your buying on margin, and you don't want to experience a margin call because of lack of funds.

3. Forex.com also offers a brokerage service. I think they are the most popular

4. It's defiantly risky. There apparently is a science/art to it, but not one I'm willing to figure out.

5. I'm not aware of any free trading systems/software other than the basic stuff you can find on Forex.com and the like.

2. Forex does require a pretty descent size bank roll because your buying on margin, and you don't want to experience a margin call because of lack of funds.

3. Forex.com also offers a brokerage service. I think they are the most popular

4. It's defiantly risky. There apparently is a science/art to it, but not one I'm willing to figure out.

5. I'm not aware of any free trading systems/software other than the basic stuff you can find on Forex.com and the like.

2. Forex does require a pretty descent size bank roll because your buying on margin, and you don't want to experience a margin call because of lack of funds.

3. Forex.com also offers a brokerage service. I think they are the most popular

4. It's defiantly risky. There apparently is a science/art to it, but not one I'm willing to figure out.

5. I'm not aware of any free trading systems/software other than the basic stuff you can find on Forex.com and the like.

Bottom line. Too many people and brokers make FX look like the answer to everyone's financial needs. This is so wrong I can't begin to explain in this short forum.

Software, black boxes and even "alert" services will kill you financially. There's only one way to make money in FX;

1. Develop your own strategy.
2. Remember "Money Management" is more important than having the right "picks".
3. Take at least a year to really learn this stuff before putting down one cent. Read as many books as possible, mostly on Technical Analysis and Psychology of trading.

This is not the land of "big hits" (no trading is). Position Sizing and Money Management are the most important skills you can learn.

Have you ever played Rich Dad Poor Dad's Cash Flow game? Its actually a lot of fun and a little cooler then monopoly. I'm actually thinking up creating my own board game just for stocks and options. I'm going to start a club in hawaii and see if I can get two board games a month and charge a small fee to get people to come to learn about finances and meet some other local people interested in their finances. I guess I'll have to see how it works out.

As for paying off my rental property or car first it does make sense to pay off the car. I hear you can use the interest you pay on your car and take that off your taxes too. I understand the points and interest tax credits you can take. I've done it twice now and it helps. I'm currently in the poor income tax bracket and get back mostly all the federal and state income tax I pay yearly. As soon as my stock portfolio hits higher I'm sure I will really need all the tax advantages I can get.

Bottom line. Too many people and brokers make FX look like the answer to everyone's financial needs. This is so wrong I can't begin to explain in this short forum.

Software, black boxes and even "alert" services will kill you financially. There's only one way to make money in FX;

1. Develop your own strategy.
2. Remember "Money Management" is more important than having the right "picks".
3. Take at least a year to really learn this stuff before putting down one cent. Read as many books as possible, mostly on Technical Analysis and Psychology of trading.

This is not the land of "big hits" (no trading is). Position Sizing and Money Management are the most important skills you can learn.

1- There are a lot of websites with free information about forex:

There is also a good series of videos that were used to be free but unfortunately they are not free any more. You have to pay $10 for each but it does worth. If you watch these videos, it will save hundreds of hours of your time:

Also at you can find free daily/weekly signals every night.

Almost all of the forex brokers offer free demo accounts which you can practice with the fake money. Here is a small list of the brokers with free demo account:
1-
2-
3-
4-

The first two have MT4 platform. The last two have their own special platforms.

=======================

2- You can start trading forex with as low as $100. The leverage is 1:100 but you can also find 1:400 leverage too. If you learn forex properly, you can double a $5000 account every month and there are forex traders who make much more.

As you have been a stock traders, you will learn forex much faster and easier because 99% of the techniques are the same.

=======================

3- For Canadians CMC Markets is the best option:

=======================

4- It depends on yourself. You can trade wisely or you can gamble with your money and lose it easily.

There is a higher risk than the stock market because the leverage is higher.

=======================

5- There are some legitimate ones but you don't need them. You can easily learn technical analysis and find buy and sell signals on your own. It is not hard.

Best regards,
Vahid
http://www.weboma.com/

1- There are a lot of websites with free information about forex:

There is also a good series of videos that were used to be free but unfortunately they are not free any more. You have to pay $10 for each but it does worth. If you watch these videos, it will save hundreds of hours of your time:

Also at you can find free daily/weekly signals every night.

Almost all of the forex brokers offer free demo accounts which you can practice with the fake money. Here is a small list of the brokers with free demo account:
1-
2-
3-
4-

The first two have MT4 platform. The last two have their own special platforms.

=======================

2- You can start trading forex with as low as $100. The leverage is 1:100 but you can also find 1:400 leverage too. If you learn forex properly, you can double a $5000 account every month and there are forex traders who make much more.

As you have been a stock traders, you will learn forex much faster and easier because 99% of the techniques are the same.

=======================

3- For Canadians CMC Markets is the best option:

=======================

4- It depends on yourself. You can trade wisely or you can gamble with your money and lose it easily.

There is a higher risk than the stock market because the leverage is higher.

=======================

5- There are some legitimate ones but you don't need them. You can easily learn technical analysis and find buy and sell signals on your own. It is not hard.

Best regards,
Vahid
http://www.weboma.com/

Bottom line. Too many people and brokers make FX look like the answer to everyone's financial needs. This is so wrong I can't begin to explain in this short forum.

Software, black boxes and even "alert" services will kill you financially. There's only one way to make money in FX;

1. Develop your own strategy.
2. Remember "Money Management" is more important than having the right "picks".
3. Take at least a year to really learn this stuff before putting down one cent. Read as many books as possible, mostly on Technical Analysis and Psychology of trading.

This is not the land of "big hits" (no trading is). Position Sizing and Money Management are the most important skills you can learn.

2. Forex does require a pretty descent size bank roll because your buying on margin, and you don't want to experience a margin call because of lack of funds.

3. Forex.com also offers a brokerage service. I think they are the most popular

4. It's defiantly risky. There apparently is a science/art to it, but not one I'm willing to figure out.

5. I'm not aware of any free trading systems/software other than the basic stuff you can find on Forex.com and the like.

1- There are a lot of websites with free information about forex:

There is also a good series of videos that were used to be free but unfortunately they are not free any more. You have to pay $10 for each but it does worth. If you watch these videos, it will save hundreds of hours of your time:

Also at you can find free daily/weekly signals every night.

Almost all of the forex brokers offer free demo accounts which you can practice with the fake money. Here is a small list of the brokers with free demo account:
1-
2-
3-
4-

The first two have MT4 platform. The last two have their own special platforms.

=======================

2- You can start trading forex with as low as $100. The leverage is 1:100 but you can also find 1:400 leverage too. If you learn forex properly, you can double a $5000 account every month and there are forex traders who make much more.

As you have been a stock traders, you will learn forex much faster and easier because 99% of the techniques are the same.

=======================

3- For Canadians CMC Markets is the best option:

=======================

4- It depends on yourself. You can trade wisely or you can gamble with your money and lose it easily.

There is a higher risk than the stock market because the leverage is higher.

=======================

5- There are some legitimate ones but you don't need them. You can easily learn technical analysis and find buy and sell signals on your own. It is not hard.

Best regards,
Vahid
http://www.weboma.com/

1- There are a lot of websites with free information about forex:

There is also a good series of videos that were used to be free but unfortunately they are not free any more. You have to pay $10 for each but it does worth. If you watch these videos, it will save hundreds of hours of your time:

Also at you can find free daily/weekly signals every night.

Almost all of the forex brokers offer free demo accounts which you can practice with the fake money. Here is a small list of the brokers with free demo account:
1-
2-
3-
4-

The first two have MT4 platform. The last two have their own special platforms.

=======================

2- You can start trading forex with as low as $100. The leverage is 1:100 but you can also find 1:400 leverage too. If you learn forex properly, you can double a $5000 account every month and there are forex traders who make much more.

As you have been a stock traders, you will learn forex much faster and easier because 99% of the techniques are the same.

=======================

3- For Canadians CMC Markets is the best option:

=======================

4- It depends on yourself. You can trade wisely or you can gamble with your money and lose it easily.

There is a higher risk than the stock market because the leverage is higher.

=======================

5- There are some legitimate ones but you don't need them. You can easily learn technical analysis and find buy and sell signals on your own. It is not hard.

Best regards,
Vahid
http://www.weboma.com/

It's totally appropriate for traders. It's easy to be a disciplined trader in one's mind, but pulling the trigger is another matter.

And your suggestion to take a break is one of those ideas that we all know is on the right track – but how many will follow the advice?

Bottom line. Too many people and brokers make FX look like the answer to everyone's financial needs. This is so wrong I can't begin to explain in this short forum.

Software, black boxes and even "alert" services will kill you financially. There's only one way to make money in FX;

1. Develop your own strategy.
2. Remember "Money Management" is more important than having the right "picks".
3. Take at least a year to really learn this stuff before putting down one cent. Read as many books as possible, mostly on Technical Analysis and Psychology of trading.

This is not the land of "big hits" (no trading is). Position Sizing and Money Management are the most important skills you can learn.

1- There are a lot of websites with free information about forex:

There is also a good series of videos that were used to be free but unfortunately they are not free any more. You have to pay $10 for each but it does worth. If you watch these videos, it will save hundreds of hours of your time:

Also at you can find free daily/weekly signals every night.

Almost all of the forex brokers offer free demo accounts which you can practice with the fake money. Here is a small list of the brokers with free demo account:
1-
2-
3-
4-

The first two have MT4 platform. The last two have their own special platforms.

=======================

2- You can start trading forex with as low as $100. The leverage is 1:100 but you can also find 1:400 leverage too. If you learn forex properly, you can double a $5000 account every month and there are forex traders who make much more.

As you have been a stock traders, you will learn forex much faster and easier because 99% of the techniques are the same.

=======================

3- For Canadians CMC Markets is the best option:

=======================

4- It depends on yourself. You can trade wisely or you can gamble with your money and lose it easily.

There is a higher risk than the stock market because the leverage is higher.

=======================

5- There are some legitimate ones but you don't need them. You can easily learn technical analysis and find buy and sell signals on your own. It is not hard.

Best regards,
Vahid
http://www.weboma.com/

Here is what I am struggling with. Timing of the next major leg (not a correction but the resumption of the trend). And, whether it starts with small steps or a steep gap. If it is baby steps, then I think the risk/reward favors being late and one can relax about the timing, because all one has to do is wait and join after the first 3% is lopped off. If it gaps lower, then one would rather position ahead and suffer for a few days/weeks…and am not looking forward to it. The thing with stops is..if one gets stopped out, then one is not supposed to put the same positoin on..so, what is the next entry point? And how many times to keep suffering damage by a thousand small cuts?

China seems to have set the ball rolling, but may make another attempt to go higher before dropping. The credit indicators you mentioned are widening, but gently and are sill benign. If there starts to be a big negative divergence then we would know the timing gets closer and there is a catalyst. Other than that, there could be some unexpected catalysts. Just dont see anything other than China that can trigger the next move…unless at some point, people start looking for the exit at the same time and the machines all switch direction.

I think the first move may be a gap lower; and that makes the timing crucial and I am struggling with it. Looking at some of the early years…looks like every deep drop was followed by a steep rally. Similar in percentage terms, so perhaps wait for the first bounce after the first drop and join in then? Dont know

Here is what I am struggling with. Timing of the next major leg (not a correction but the resumption of the trend). And, whether it starts with small steps or a steep gap. If it is baby steps, then I think the risk/reward favors being late and one can relax about the timing, because all one has to do is wait and join after the first 3% is lopped off. If it gaps lower, then one would rather position ahead and suffer for a few days/weeks…and am not looking forward to it. The thing with stops is..if one gets stopped out, then one is not supposed to put the same positoin on..so, what is the next entry point? And how many times to keep suffering damage by a thousand small cuts?

China seems to have set the ball rolling, but may make another attempt to go higher before dropping. The credit indicators you mentioned are widening, but gently and are sill benign. If there starts to be a big negative divergence then we would know the timing gets closer and there is a catalyst. Other than that, there could be some unexpected catalysts. Just dont see anything other than China that can trigger the next move…unless at some point, people start looking for the exit at the same time and the machines all switch direction.

I think the first move may be a gap lower; and that makes the timing crucial and I am struggling with it. Looking at some of the early years…looks like every deep drop was followed by a steep rally. Similar in percentage terms, so perhaps wait for the first bounce after the first drop and join in then? Dont know

1- There are a lot of websites with free information about forex:

There is also a good series of videos that were used to be free but unfortunately they are not free any more. You have to pay $10 for each but it does worth. If you watch these videos, it will save hundreds of hours of your time:

Also at you can find free daily/weekly signals every night.

Almost all of the forex brokers offer free demo accounts which you can practice with the fake money. Here is a small list of the brokers with free demo account:
1-
2-
3-
4-

The first two have MT4 platform. The last two have their own special platforms.

=======================

2- You can start trading forex with as low as $100. The leverage is 1:100 but you can also find 1:400 leverage too. If you learn forex properly, you can double a $5000 account every month and there are forex traders who make much more.

As you have been a stock traders, you will learn forex much faster and easier because 99% of the techniques are the same.

=======================

3- For Canadians CMC Markets is the best option:

=======================

4- It depends on yourself. You can trade wisely or you can gamble with your money and lose it easily.

There is a higher risk than the stock market because the leverage is higher.

=======================

5- There are some legitimate ones but you don't need them. You can easily learn technical analysis and find buy and sell signals on your own. It is not hard.

Best regards,
Vahid
http://www.weboma.com/

1- There are a lot of websites with free information about forex:

There is also a good series of videos that were used to be free but unfortunately they are not free any more. You have to pay $10 for each but it does worth. If you watch these videos, it will save hundreds of hours of your time:

Also at you can find free daily/weekly signals every night.

Almost all of the forex brokers offer free demo accounts which you can practice with the fake money. Here is a small list of the brokers with free demo account:
1-
2-
3-
4-

The first two have MT4 platform. The last two have their own special platforms.

=======================

2- You can start trading forex with as low as $100. The leverage is 1:100 but you can also find 1:400 leverage too. If you learn forex properly, you can double a $5000 account every month and there are forex traders who make much more.

As you have been a stock traders, you will learn forex much faster and easier because 99% of the techniques are the same.

=======================

3- For Canadians CMC Markets is the best option:

=======================

4- It depends on yourself. You can trade wisely or you can gamble with your money and lose it easily.

There is a higher risk than the stock market because the leverage is higher.

=======================

5- There are some legitimate ones but you don't need them. You can easily learn technical analysis and find buy and sell signals on your own. It is not hard.

Best regards,
Vahid
http://www.weboma.com/

2. Forex does require a pretty descent size bank roll because your buying on margin, and you don't want to experience a margin call because of lack of funds.

3. Forex.com also offers a brokerage service. I think they are the most popular

4. It's defiantly risky. There apparently is a science/art to it, but not one I'm willing to figure out.

5. I'm not aware of any free trading systems/software other than the basic stuff you can find on Forex.com and the like.

1- There are a lot of websites with free information about forex:

There is also a good series of videos that were used to be free but unfortunately they are not free any more. You have to pay $10 for each but it does worth. If you watch these videos, it will save hundreds of hours of your time:

Also at you can find free daily/weekly signals every night.

Almost all of the forex brokers offer free demo accounts which you can practice with the fake money. Here is a small list of the brokers with free demo account:
1-
2-
3-
4-

The first two have MT4 platform. The last two have their own special platforms.

=======================

2- You can start trading forex with as low as $100. The leverage is 1:100 but you can also find 1:400 leverage too. If you learn forex properly, you can double a $5000 account every month and there are forex traders who make much more.

As you have been a stock traders, you will learn forex much faster and easier because 99% of the techniques are the same.

=======================

3- For Canadians CMC Markets is the best option:

=======================

4- It depends on yourself. You can trade wisely or you can gamble with your money and lose it easily.

There is a higher risk than the stock market because the leverage is higher.

=======================

5- There are some legitimate ones but you don't need them. You can easily learn technical analysis and find buy and sell signals on your own. It is not hard.

Best regards,
Vahid
http://www.weboma.com/

Here is what I am struggling with. Timing of the next major leg (not a correction but the resumption of the trend). And, whether it starts with small steps or a steep gap. If it is baby steps, then I think the risk/reward favors being late and one can relax about the timing, because all one has to do is wait and join after the first 3% is lopped off. If it gaps lower, then one would rather position ahead and suffer for a few days/weeks…and am not looking forward to it. The thing with stops is..if one gets stopped out, then one is not supposed to put the same positoin on..so, what is the next entry point? And how many times to keep suffering damage by a thousand small cuts?

China seems to have set the ball rolling, but may make another attempt to go higher before dropping. The credit indicators you mentioned are widening, but gently and are sill benign. If there starts to be a big negative divergence then we would know the timing gets closer and there is a catalyst. Other than that, there could be some unexpected catalysts. Just dont see anything other than China that can trigger the next move…unless at some point, people start looking for the exit at the same time and the machines all switch direction.

I think the first move may be a gap lower; and that makes the timing crucial and I am struggling with it. Looking at some of the early years…looks like every deep drop was followed by a steep rally. Similar in percentage terms, so perhaps wait for the first bounce after the first drop and join in then? Dont know

1- There are a lot of websites with free information about forex:

There is also a good series of videos that were used to be free but unfortunately they are not free any more. You have to pay $10 for each but it does worth. If you watch these videos, it will save hundreds of hours of your time:

Also at you can find free daily/weekly signals every night.

Almost all of the forex brokers offer free demo accounts which you can practice with the fake money. Here is a small list of the brokers with free demo account:
1-
2-
3-
4-

The first two have MT4 platform. The last two have their own special platforms.

=======================

2- You can start trading forex with as low as $100. The leverage is 1:100 but you can also find 1:400 leverage too. If you learn forex properly, you can double a $5000 account every month and there are forex traders who make much more.

As you have been a stock traders, you will learn forex much faster and easier because 99% of the techniques are the same.

=======================

3- For Canadians CMC Markets is the best option:

=======================

4- It depends on yourself. You can trade wisely or you can gamble with your money and lose it easily.

There is a higher risk than the stock market because the leverage is higher.

=======================

5- There are some legitimate ones but you don't need them. You can easily learn technical analysis and find buy and sell signals on your own. It is not hard.

Best regards,
Vahid
http://www.weboma.com/

Bottom line. Too many people and brokers make FX look like the answer to everyone's financial needs. This is so wrong I can't begin to explain in this short forum.

Software, black boxes and even "alert" services will kill you financially. There's only one way to make money in FX;

1. Develop your own strategy.
2. Remember "Money Management" is more important than having the right "picks".
3. Take at least a year to really learn this stuff before putting down one cent. Read as many books as possible, mostly on Technical Analysis and Psychology of trading.

This is not the land of "big hits" (no trading is). Position Sizing and Money Management are the most important skills you can learn.

2. Forex does require a pretty descent size bank roll because your buying on margin, and you don't want to experience a margin call because of lack of funds.

3. Forex.com also offers a brokerage service. I think they are the most popular

4. It's defiantly risky. There apparently is a science/art to it, but not one I'm willing to figure out.

5. I'm not aware of any free trading systems/software other than the basic stuff you can find on Forex.com and the like.