Best Way To Trade Forex

Basic self evaluation:
1) How much you put in the account.
2) What is the portfolio percentage you like most to establish your return. IE. 30% mutual fund and 70% stock.

3) do your research of the stock pick
a) what is the industry you prefer or most active in the market.
b) the expected rate of return based on your risk prefernece.
4) reading:
a) go to the stock you pick. Chech its 10-K report.
b) reviewing its financials.
c) Read the book " The intelligent Investor" by Beniamin Graham.
5) even you identify certain stock, becareful to note the stock's daily volume.
6) set up you bid limit
7) marked the sale range price.

Investigate the different investments you have available to you. Make THE BEST investment you can: Invest THE TIME to educate yourself. Once you have that knowledge, no one can ever take it away.

In the beginning “newbie” traders & investors DO NOT INVEST any money. It probably won’t be long when you’ll feel you’re ready to invest your hard-earned money. Before taking that step, you really should do research about what you are investing in.

You should LEARN HOW:
A] the stock market works. B] to invest in many, many various ways. C] to properly trade
D] Properly manage the money in your trading account.

"Newbie" investors & traders ALWAYS make mistakes. In fact, throughout a person's trading, he/she makes mistakes.
In the beginning, you READ & LEARN about the market & how it works: Read "Investing for Dummies" As you read & do research about the investments you are interested in, sometimes you'll come across a financial or investment term you never heard before.
http://investopedia.com is a free site. It’s recognized by Y! A as a "Featured Knowledge Partner".

You can usually find excellent, easy-to-understand definitions of many financial & investment terms by going to Investopedia’s dictionary.

It also has a free, paper trading platform. You can set up a virtual account & almost trade as though you were trading with real money.

It also has a free, paper trading platform. You can set up a virtual account & almost trade as though you were trading with real money.
http://finance.yahoo.com is also recognized by Y! A as a "Featured Knowledge Partner"

THIS IS NOT SPAM: I DO NOT know this man. I am not associated w/ him in any way. I know of him & the wonderful book he wrote. You should invest in a copy of
“The Richest Man in Babylon” by George S. Classon. You can get the book on http://amazon.com
Its easy to read & follow. You can write in it & make notes in it. Simply read five [5] pages of this book - or any book - each and every day.
OR You can leave it on the shelf, on a table or on the floor & let it collect dust.
A SIMPLER WAY TO TRADE:
This is what I learned about the stock market and trading:
1] I read a little about the overall market and how it works. I read about different aspects: mutual funds, currency, commodities, stocks and options.

2] I asked Qs of my coaches and mentors; suggestions were made to me.

3] THEN I read and studied about those areas which interested me.

4] I concentrated on those areas which interested me and which fit the amount we had to work with.

5A] For those strategies I felt comfortable with, I developed trading rules. For those strategies I didn't know anything about, I developed some trading rules.

5B] I discovered I only needed trading rules for 4 to 6 trading strategies.

6] Using those rules, I paper traded.

7] When trades went against me - when I lost money - I adjusted or "tweaked" those rules for that strategy.

8] I paper traded - again and some more.

9] I made further adjustments.

10] The actual trading account was opened:
As a speculator, with margin, with the approval to trade options.

11] Yes, it was VERY scary AND I was VERY apprehensive: BUT, I MADE THE BIG JUMP: Going "live" - in-the-market - with real money. I lost some money. NO ONE ever succeeds in each and every trade 100% of the time.

BUT I didn't use the entire amount of the account's money on one trade. I learned AND I lived to trade another day. AND I continue learning and living to trade other days.

AND YES, I STILL have a few losing trades.

Thanks for asking your Q! I enjoyed answering it!

VTY,
Ron Berue
Yes, that is my real last name!
Source(s):
My wonderful family!

My wonderful coaches and mentors!

TWO [2] of THE ABSOLUTE BEST, MOST wonderful trading groups in the world, which I am most proud to be a member of!

Trading stocks and options more than 2 years.

read the paper or watch the news to see what wealthy investors are doing. Today on Yahoo, Texas Billionare, Boone Pickens announced he is building a wind farm and spending 10 billion of his money to do so inorder to turn a profit.....that turns peoples heads....buy into alternative energy sources while the stock is still under a dollar/share and in afew years you will see a big change....GRGR.PK on the NYSE, APV.TO, SBX.V and TMG.V on the TSX to name only afew...check them out......and as the person above me stated...just trade..but do some research first...trade..and then watch and stick with it...

pick up few stocks for study...watch and observe the price movements....watch market movement with current affairs on all front...co-relate the movements of the stocks picked by u with market ,overall,then u wll be bit confident with the price movement of perticular stock...u can easily tap these movements.....

write down the names of the company you know and their trading symbol on a 8-1/2 by 11 paper and paste it on the wall.

throw a dart at it, the one it lands on, buy it. After you buy it, Once a day when the market closes, check the price of the stock. If it up 5% within a week, sell it the next morning at or above that price. You then be done for the rest of the month, quarter or year, because you just beat the banks return.

Oh, by the way, that is a short term gain and it will be taxed at your bracket.

You don't have to trade a lot. Just once in awhile when people are sad or excited about their portfolio. The rule of the game is. set realistic expectation in every trade(before you trade). Stick with that goal and DON'T BE GREEDY.

it depends on the type of investing you want to try as there are loads of different areas and specialisms.
I have started options trading and I have made a packet. It is a specialist area so I would recommend you do some serious research before starting. Saying that its probably one of the safest.

most people have answered your basic questions already so I'll just give you an extra tidbit. If you keep over $5k in ameritrade (izone) you can make trades for 5 bucks look into it since 10 bucks a trade will eat at your returns fast.

define your interests and read/listen to economic changes, then do some research via yahoofinance, morningstar, or other financial sites. Think about the surrounding aspects of your interests for example, you believe CAT is going to go up for what ever reason then you should also look at CMI who makes the engines. Start reading the economist, wallstreet journal, watch CNBC in the morning, watch some of Jim Cramer mad money, get educated on terminology in the field of finance

i recommend the book Rule #1 by Phil Town... i knew nothing about stocks before i read it and now i know what to look for. RIO is good and i just bought 1800 shares of IMDS, not a rule#1 stock but there is a good chance it will skyrocket in the future... google it. its going to replace the current boob squashing mammogram machine and it is $.05 a share right now.