What you do (and what I did) is make sure the trading system has a 60 day money back guarantee first; then make sure you can use a demo account. A demo account let’s you play the trading game with “play money” so you can see if you can profit from the trading system without investing your real cash.

Use the demo account for 59 days and if you see you can make profit you keep the system and invest your real cash. If there’s no profit to be made you get a refund and try another system; there’s literally no risk when buying one.

If you’re interested I found reviews of the top 3 Forex trading systems: http://forex-funnel.the-perfect-solution.com/

What you can do is this.

Open a demo trading account with an online broker. This way, you will get to know that online broker, how they do business, how reliable they are. At the same time, while demo trading, you will define, develop and fine tune your trading method. You should be able to learn when to trade and when not to trade.

The downside with demo trading is that it is way too easy. Soon as you are showing profits three months in a row with your demo account, open a live trading account with only $ 10 (you can do so with oanda.com). This way, if you bust your account, you will only lose that $ 10.

Trade this $ 10 account using the methods you developed while demo trading. Trade only with small position size as you trade. I’d recommend you trade with one unit only and risk only maximum of 1% of total capital on each trade. If you are consistently methodical with your trading, this $ 10 will last you at least six months. Agian, when you are able to show profits three months in a row, add more funds to your account.

If you need more information on trading, you can visit trading forums like elitetrader.com, moneytec.com, trade2win.com. You will find more information about this business of trading in those forums than in yahoo answers.

Hope this helps.
Jim http://jsforex.blogspot.com

If you are investing, you must have already achieved some degree of financial success, long term stock investing and FOREX can help you become much richer than you are today.

My experiences as a Nasdaq Market Maker, Head trader of several brokerage firms, and currently as a professional trader and private hedge fund manager, I can suggest you that:

We trade because we want quick, short term profits on a consistent basis. We want to cash flow the market. Milk it like a cow.

Make consistent, small, short term gains rather than trying to hit a home run on every trade. Don’t ever forget that.
Don’t marry a stock, marry the idea of making money trading stocks. That’s the only way to do it.

For me “All stocks are equally worthless”

I don’t hold on to any illusion that the stock market will continue to go up and provide a nice retirement for me.
I could care less which way the market goes. It’s irrelevant to me if the market goes higher, crashes or moves sideways for the next 50 years. I really could care less. Stocks are just four letters with two prices next to them that I use to make a living trading.

Trade ONLY when you have a clear, easy and identifiable advantage, because without a CLEAR EDGE your odds of success are NO better than a flip of a coin… That´s why so many new traders (and investors) lose money.

Take a look at any daily chart of any index or stock and you’ll probably see the most volatility and the biggest opportunity for profit during the first Hour of the stock market’s opening.

The popular thinking and conventional wisdom is that you should wait about an hour before you start trading.

But if you do, you’ll miss the big, fast moves that stocks make as all the amateurs let their emotions out through their
online accounts, usually right after they read some news headline or hear Maria Bartiromo go off about a stock on CNBC.

It’s easy to see why trading the open is the market’s prime time for profiting from other online traders.
The market’s open is very volatile – that is the perfect environment for LARGE, FAST profits.

Learn to trade as a professional Market Maker ,not as an emotionally driven amateur trader or investor with few thousand dollars in an account at Etrade.

There isn’t any other time during the day or any stock you can invest in, that can make you 1, 2, 3, 5, 7 or more points
in minutes OTHER than during the first hour the stock market is open. That’s why I love trading the open so much.

I trade only when I have an edge and that means “only the first hour the market is open”.

If you are a beginning trader, you can give yourself an unfair advantage in the market trading this way.

I can carry on with the advises about how to make money trading, but if you ask me:

“What is the best thing you can do for me?

I will say:

Give yourself a BIG favor and go to this “Top Secret” site and learn how to get the BEST stocks that will make the largest and fastest day trading profits you´ve ever seen, all by yourself…

http://www.onehourtrading.com

After you review this site you won´t need system, strategy, book, software or mentor to tell you what to do,
you will be able to profit HUGE every day.

Good luck and good trading,

John Fontaine

The amount of risks you take of course depends on how competent you are in trading. For someone who doesn’t have a good trading strategy or doesn’t follow the strategy he has, the trading risk is equivalent to the risk in a game of chance. Which is very risky.

Most currency exchange companies don’t charge any trading comissions. They make money through currency exchange spreads where you buy currency at slightly higher price and sell it at slightly lower price. And the difference is their profit.

George Soros is one of the richest men in the world. And he made his money mostly in currency exchange trading. Which means that currency trading can be very profitable. But for every George Soros, there are countless novices who have lost their shirts in currency trading.

It’s possible to learn how to trade well in currencies. And the best way is through practical learning. Open a paper-trading account and trade with virtual money untill you are consistently profitable. And only then start trading with real money.

Its one of the highest risks form of trading, but also has some of the highest potential rewards. If you are a good trader then its worth a try. But I would actually recommend stock trading for the simple fact that you will be able to last longer while you learn. Commission is inlcuded in the spread for most brokers. The most important thing is to get a good broker who isnt gonna scam you. I use Interactive Brokers and I heard Oanda is also good.

FX is a very highly trending market so dont pick tops or bottoms. Start with strategies that follow the trend (this applies to all trading).

But if you are serious to get going,you’ve read pretty well and practiced too and maybe you are not so rich..you should start with that $ 1000 you are willing to loose and you will make it big.But any amount less can do.Good luck dude