Forex Futures Trading

FOREX Trading Question?

I read that most people that start out in FOREX do not do well. I started a practice account and looked at trends from the month chart down to the sixty minute chart buying into trends while keeping a good margin. I also read what the indicators do. I started with $3,000 and in a week I have grossed around $600. My question is, it seemed very easy and I didn't know if this is typical or because the account is a demo the results are fixed for results.

I wouldn't trust "retail forex" practice accounts, as there's a potential incentive for "retail forex brokers" to convince people that they're profitable, even when they aren't, just to get people to send in real money and churn their accounts to 0. In so-called "retail forex", you aren't really trading foreign currencies directly; you're trading an over-the-counter contract issued by your "broker" (not really a broker even because they're your counterparty)..

Of course, it's certainly possible that the simulator is accurate. What I would do is try to verify the results against a third-party source, such as Yahoo's currency calculator. Also, keep in mind that just a week isn't a very long time horizon; you may just have gotten lucky, so you might want to look over a much longer timeframe. Anecdotal evidence seems to indicate that at least 95% of "retail forex" customers lose (you can search the Web for various stats on this, for what that's worth).

Forex is crowded with scams, generally, so please be careful; see also this warning from the CFTC:

http://www.cftc.gov/opa/enf98/opaforexa15.htm

Forex Trading - CCI Indicator - 5 min chart

The Forex Mindset By Martinez, Jared $39.85 Author: Martinez, Jared Subtitle: The Skills and Winning Attitude You Need for More Profitable Forex Trading Publication Date: 2011/06/23 Binding Type: Hardcover Language: English Depth: 1.00 Width: 6.25 Height: 9.25

Thirty Days of Forex Trading $63.75 This book is in New - Excellent condition

Beat the Odds in Forex Trading $70.1 This book is in Used condition

The Forex Trading Course $45 This book is in New - Excellent condition

The 10 Essentials of Forex Trading $26.21 This book is in New - Excellent condition

Selective Forex Trading $63.75 This book is in New - Excellent condition

ForeX Trading for Maximum Profit $63.75 This book is in New - Excellent condition

Forex Trading Using Intermarket Analysis $14.96 This book is in New - Excellent condition

Getting Started in Forex Trading Strategies $14.96 This book is in New - Excellent condition

Forex Frontiers By Cavric, Ivan $66.79 Author: Cavric, Ivan Subtitle: The Essentials of Currency Trading Publication Date: 2011/09/01 Number of Pages: 228 Binding Type: Hardcover Language: English Depth: 0.90 Width: 6.25 Height: 9.00

Forex Revolution By Rosenstreich, Peter $39.83 Author: Rosenstreich, Peter Subtitle: An Insiders Guide to the Real World of Foreign Exchange Trading Publication Date: 2011/03/15 Number of Pages: 277 Binding Type: Paperback Language: English Depth: 0.75 Width: 5.75 Height: 8.75

Forex Patterns And Probabilities By Ponsi, Ed $93.2 Author: Ponsi, Ed Series Title: Wiley Trading Subtitle: Trading Strategies for Trending and Rangebound Markets Publication Date: 2007/07/27 Number of Pages: 250 Binding Type: Hardcover Language: English Depth: 1.25 Width: 6.25 Height: 9.00

Beat the Forex Dealer By Silvani, Agustin $62.13 Author: Silvani, Agustin Series Title: Wiley Trading Subtitle: An Insiders Look into Trading Todays Foreign Exchange Market Publication Date: 2008/11/24 Number of Pages: 236 Binding Type: Hardcover Language: English Depth: 1.00 Width: 6.25 Height: 9.25

All About Forex Trading By Jagerson, John/ Hansen, S. Wade $28.57 Author: Jagerson, John/ Hansen, S. Wade Series Title: All About Finance Publication Date: 2011/06/17 Number of Pages: 340 Binding Type: Paperback Language: English Depth: 1.00 Width: 6.00 Height: 9.00

Getting Started in Forex Trading Strategies By Archer, Michael Duane $27 Author: Archer, Michael Duane Series Title: Getting Started in... Publication Date: 2007/11/09 Number of Pages: 190 Binding Type: Paperback Language: English Depth: 0.50 Width: 6.00 Height: 9.25

The Ed Ponsi Forex Playbook By Ponsi, Ed $72.49 Author: Ponsi, Ed Series Title: Wiley Trading Subtitle: Strategies and Trade SetUps Publication Date: 2010/07/26 Number of Pages: 222 Binding Type: Paperback Language: English Depth: 1.00 Width: 7.00 Height: 10.00

High Probability Trading Strategies By Miner, Robert C. $72.49 Author: Miner, Robert C. Series Title: Wiley Trading Subtitle: Entry to Exit Tactics for the Forex, Futures, and Stock Markets Publication Date: 2008/10/20 Number of Pages: 272 Binding Type: Hardcover Language: English Depth: 1.00 Width: 7.25 Height: 10.25

The FX Bootcamps Guide To Strategic And Tactical Forex Training By Mcdonell, Wayne $72.49 Author: Mcdonell, Wayne Series Title: Wiley Trading Publication Date: 2008/09/22 Number of Pages: 235 Binding Type: Hardcover Language: English Depth: 1.00 Width: 6.25 Height: 9.25

Candlestick And Pivot Point Trading Triggers By Person, John L. $93.2 Author: Person, John L. Series Title: Wiley Trading Subtitle: Setups for Stock, Forex, And Futures Markets Publication Date: 2006/11/30 Number of Pages: 353 Binding Type: Hardcover Language: English Depth: 1.25 Width: 6.25 Height: 9.50

The Little Book of Currency Trading By Lien, Kathy $27 The foreign exchange market, or forex, is now easily accessible to traders and investors around the world. Lien provides a firm understanding of how it works and how you can profit from it. Author: Lien, Kathy Series Title: Little Book, Big Profits Subtitle: How to Make Big Profits in the World of Forex Publication Date: 2010/12/28 Number of Pages: 198 Binding Type: Hardcover Language: English Depth: 1.00 Width: 5.75 Height: 7.50

Getting Started in Currency Trading By Archer, Michael D. $27 Author: Archer, Michael D. Series Title: Getting Started in... Subtitle: Winning in Todays FOREX Market Publication Date: 2010/04/26 Number of Pages: 333 Binding Type: Paperback Language: English Depth: 1.00 Width: 6.25 Height: 9.25

Forex Revolution $41.85 This book is in Used condition

Forex Simplified $22.46 This book is in New - Excellent condition

Profiting With Forex $41.25 This book is in New - Excellent condition

Forex Conquered $67.5 This book is in New - Excellent condition

Reading Price Charts Bar by Bar By Brooks, Al $77.66 Author: Brooks, Al Series Title: Wiley Trading Subtitle: The Technical Analysis of Price Action for the Serious Trader Publication Date: 2009/05/04 Number of Pages: 402 Binding Type: Hardcover Language: English Depth: 1.50 Width: 6.50 Height: 9.25

Trading Places $12.49 Trading Places - Masterprint

Florentine Trading $34.99 Mcbride Florentine Trading - Giclee Print

Dynamic Trading Indicators By Helweg, Mark W./ Stendahl, David C./ Marketplace Books (COR) $72.42 Author: Helweg, Mark W./ Stendahl, David C./ Marketplace Books (COR) Series Title: Wiley Trading Subtitle: Winning With Value Charts and Price Action Profile Publication Date: 2002/06/26 Number of Pages: 230 Binding Type: Hardbound Language: English Depth: 0.85 Width: 6.00 Height: 9.25

Worldwide Trading $34.99 Linda Braucht Worldwide Trading - Giclee Print

Trading Post $14.99 Kay Lamb Shannon Trading Post - Art Print

Currency Trading for Dummies $13.98 Features forex market guidelines and sample trading plansThe fun and easy way to get started in currency tradingWant to capitalize on the growing forex market? This nuts-and-bolts guide gives you a step-by-step action plan for understanding and trading the forex market. It offers practical guidance and savvy tips in everything from comprehending currency quotes to using leverage, trading with fundamentals, and navigating technical analysis.Identify trading opportunitiesUnderstand what drives the marketChoose a trading brokerExecute a successful tradeMinimize risk and maximize profitAnalyze currency charts

Forex Wave Theory $75 Discover a New Approach to Analyzing Price Fluctuations in the Foreign Exchange Market Forex Wave Theory provides spot currency speculators and commodity futures traders with an innovative new approach to analyzing price fluctuations in the foreign exchange. Written by Jim Bickford, a successful veteran online spot currency trader, this expert financial tool explains the four most significant categories within technical analysis_pattern recognition, econometric models, crossover trading systems, and wave theory_and includes critical definitions of technical terms. Forex Wave Theory examines in detail different length cycles of two through six waves, with special emphasis on their predictive reliability. The book also converts raw security data (OHLC quotes) to swing data through the application of a refined minimum reversal algorithm. Based on solid mathematical and statistical models, Forex Wave Theory is a highly visual resource that uses over 200 images to explore: Currency Markets_ Spot Currencies; Currency Futures Technical Analysis_ Pattern Recognition; Econometric Models; Crossover Trading Systems; Wave Theory Reversal Charts_Point & Figure Charts; Renko Charts; Swing Charts Brief History of Wave Theory_ Origin of Wave Theory; Gann Angles; Kondratiev Wave; Elliott Wave Theory; Gartley Patterns; Goodman Swing Count System Two-Wave Cycles_Two-Wave Cycle Properties; Enhancing the Forecast Three-Wave Cycles_Basic Three-Wave Cycle Types; Forecasting the Third Wave Four-Wave Cycles_Multi-Wave Cycle Names; Four-Wave Cycle Properties Five-Wave Cycles_Properties; Forecasting the Fifth Wave Six-Wave Cycles_Properties; Forecasting the Sixth Wave; Double-Wave ForecastingAdvanced Topics_Data Operations; Swing Operations This on-target reference also features instructive case studies of the author's unique method, together with a wide range of important supplemental information covering ISO currency pairs, exchange rates, global banking hours, basic th