Are you New to Trading or not making money consistently?
Do you have only a small amount of money to start with?
Do you have limited time to trade actively?
Seniors or Retirees: Did you start late, lose a bundle in the stock market, or for whatever other reasons, you fear you will not have enough money for a comfortable retirement especially in these uncertain financial times?
if you answered Yes to any of the above, this site has FREE information & excellent resources to help you LEARN TO MAKE MONEY FROM FOREX and avoid the many costly mistakes I made due to lack of proper information when I first started trading. It WILL require effort & study but it IS possible to start late, with limited funds and still go from "zero to hero" within 2-3 years.

How to get started .. here's what you do:

Set aside an amount of money you can easily afford to lose. This is money you could 'throw to the wind' and it would not affect your lifestyle in any way. This is the ONLY money you should use when learning to trade.

Let's say that amount is $10,000.00. Now take $9500 of that and put it somewhere safe .. an interest bearing account, buy some silver, or whatever. Just keep it safe for now.
Take the other $500 and open a MICRO account with your chosen broker.
I like FXDD and FX Solutions.

With a micro account, each pip is worth about 10 cents. Not much, but you are not trying to make money .. yet .. you are trying to LEARN HOW NOT TO LOSE MONEY.

Note: a pip is the unit used to keep track of forex movements. It has a slightly different value for each pair.

Now you will need to learn the basics, including how to use MT4, the standard trading platform for forex traders worldwide. To do that, the best value-for-money course I have found is this one:

Yes, he emphasizes his trading methods & they are as good as any, but I am recommending this course primarily because it has the best & simplest explanation I have seen to get up & running with MT4, the worldwide standard trading platform. And it will walk you through the basics of getting started, step by step, explaining terminology, how to get set up with your broker, etc etc.
Once you purchase this course, plan to spend a weekend reading through it carefully.
This is the only course you should ever need.
I have spent (i.e. thrown away) hundreds of dollars on trading courses and 'robots' that promised a 'system' to 'guarantee' success. Save your money, they don't work. What does work is explained below.

From this point on, I'll assume you have read through the above course so I won't need to explain forex terminology.

You'll be starting with a real money account .. but only trading for 10 cents a pip. If you prefer you can practice for awhile using the demo account feature of your MT4 platform (10 minute Forex will explain how to do that), however putting 'real money' on the line is the only way you're going to master your new skill. Trading with play money just is not the same!

RISK MANAGEMENT: once you master this concept, you are over halfway to trading success. This is the key to everything. (and it took me two years and many dollars lost to finally get this). Hopefully you will take a shorcut & just believe me: risk management is the key to your trading success.
What it means is, you only risk 1% of your total account size on each trade. So if you have a $500 account you cannot lose more than $5 on each trade. If a pip is 10 cents, when you place a trade you must place a stop at no more than 50 pips. So if you buy the EUR/USD at 1.4000, your stop must be placed at 1.3950 or higher.
Follow this rule faithfully and it will be nearly impossible to 'blow out' your account.

LEARN TO TRADE: no shortcuts, you will need discipline & plenty of patience. You will make a ton of mistakes, even after you think you have figured it out. If you don't give up, you will eventually succeed. You will need maybe 2000 hours of 'chart-watching time' to reach the point where you can 'see' what the next probable move will be. At 20 hours a week, that translates to about 2 years .. which is about right. PATIENCE will pay in the end.

Trading forex is about PROBABILITY. This is what separates it from 'gambling'.Your task is to learn to spot what is 'most likely' to happen. Once you acquire this skill, if you keep your discipline and never allow more than 1% loss per trade (based on acct. size) then as long as you are correct more than half the time, you will grow your account. After about 2500 trading hours, it is likely you will be right 2 out of 3 trades or better.

So how do you make 'real' money?
Once your micro account is generating steady returns, month after money, you simply increase your lot size. Instead of taking 1 micro lot per trade, you now do 2, then 4, then a mini lot (= 10 micro lots or $1 per pip) .. and eventually a full lot ($10 per pip). So if you were making an average of $1 a day using micro lots, then, without doing anything different, trading a mini lot would be $10 a day, trading a full lot is $100 a day. 2 full lots is $200 a day and so on. Nothing has changed from the time you were trading the micro lots .. just that your confidence has grown, your accout size has grown and you can now place more at risk with each trade .. while still keeping to your risk management discipline of no more than 1% loss per trade.

How do you know when to increase trading size? Lets say your account grows to $800. Now you can either place an 80 pip stop on each trade (risking 1% of $800) or you can trade with 2 micro lots and a 40 pip stop (still 1% of 800). At $1200 account size, you can trade 3 micro lots per trade with a 40 pip stop. And so on. You can put this into a spreadsheet or just calculate with pencil & paper. The rules are very simple, the discipline is in sticking to them!

PS .. once you are growing your account steadily, it is OK to 'top it up' with the money your put aside in a 'safe' place. Don't put it all in, just $500 or so at a time & adjust your risk management numbers accordingly. After a few weeks consistent grown with the new amount, keep topping up.

Most successful forex traders consider 1-1/2 to 5% return per week is normal. The greater number is usually with a lower account balance. Once you have a balance of hundreds of thousands, you have to take more care to protect from wild market swings, but even then 1-1/2% per week of $300k is still $4500 a week!

This is how you win without risk: discipline, patience, study. It is well worth the effort.

Good Luck & Good Trading!

Email me if you have specific questions: webadmin@traderstar.com