Made Easy Forex

I’ve been playing around with forex and made a BIG mistake on Friday by taking a buy position on the USD/EUR market which then went the wrong way for me. Even more stupidly I forgot to set the stop loss triggers and by the end of trading on Friday I was down $1,500 on the position.
I want to close out the position as soon as possible on Monday but need to be in front of the computer when the market opens – which will presumably be in the Far East …

Q:  How is the interest on the loan that the broker gives you paid back and who pays it.A:  In the forex market when a trade is made you are not buying and selling the same as equity. If you were to purchase/go long EUR/USD the transaction would involve borrowing USD to purchase EUR. The amount that you have to put down as a margin will depend on your broker and may be as low as 0.25%.You will have to pay the interest daily for the currency you borrowed(USD) and receive …

Q:  I want to buy foriegn currencies & already have an idea of which ones. I am not putting in a great deal (maybe $100 sporatically here & there, put in over time). Is it a good idea to go to a currency exchange place downtown & just buy it & let it grow, which it has & all indications show it will, even more & faster.
Most of those Forex (not bashing any trader or broker, thats just the most popular one that I see) type traders tend to have …

Q:  I need some help with reviewing brokers, educational sites and if there are advisors, services or systems that work.
A:  You should be overwhelmed by the material out there!
Make a point with yourself not to trade Forex for a year. Take that year to learn the fundemental movements of the currency market & learn technical analysis. You may want to trade stocks using technical analysis in the stock market first (for a year or two), to get a “feel”.
96% of all new Forex traders lose their accounts in the first …

Q:  I want to go into forex trading with $1000.any advice on tricks of making money.any reputable broker that has little spread, where i can buy at bid and sell at ask price.which forex supports mobile trading.I am thinking of buying a laptop or palmtop.where can i get ba data on forex brokers based on their patroniszation/ no of clients. any idea of Electronic Communications Network forex bokers.
A:  I’m thinking of buying this hot selling software that came out this week, Automated Forex Cash.
Below are the specs from the sales …

Q:  I’m a newbie at this stuff and there’s a lot of Forex brokers out there, what the best brokerage firm that I can join?
A:  Forex market or Foreign Currency Exchange market is one of the biggest trading market in the world with over USD 1.3 Trillion traded in a day. It is drawing attention ever since it is open to Online trading. Forex trading can be very profitable if you take your time to do a proper research, understanding various options and choose a system that works for you. …