simple forex demo for beginners?

[kerrtou]

I don't know anything about forex, but I have experience in stocks, what's a good site for beginners and a simple demo. I downloaded one demo and it was too confusing. I'm also considering taking a course, I taught myself to buy and sell stocks but I don't think I'll have the same luck with forex.

[Shelly]

First off, let me start by saying, this is only a suggestion. I am not trying to change your mind on how to invest. I am merely suggesting this to you as an option you might consider. I am not well educated in Forex currency trading so I hope this makes sense to you.Recently, at my favorite website, I came across a section on International CD's. These Certificates of Deposit, which are insured by the Government of the issuing Country, offer the opportunity to earn a set interest for parking your money in their currency. And, if the currency fluctuation moves in your favor, that will make your overall return higher. Of course if the currency move goes against you, it will lower your gauranteed return, or even wipe it out. Let me give you an example. The Icelandic Krona CD is paying 12.14% APY. Now, if the dollar moves against the Krona, the rate of return will be lower. If it moves more than 12.14%, you will lose money. However, if the Krona moves up against the dollar, lets say 4%, your overall return will be 16.14% in a Government gauranteed CD. Do you see how much the risk level falls in these International CD's? If you have good information that a particular currency is going to rise against the dollar, then you might consider investing in an International CD that is insured by the Govt. You will receive the agreed upon interest as well as the currency gain, in a relatively safe environment. The only risk is the currency fluctuation. Once again, I am not a Forex currency trader, so I do not know how risky trading currencies truly is. But I have been told, and I have read many posts in this forum, that it is very risky.I just want to present this as an option for you to consider. I hope I can help people understand all of the possible choices they have available. These International CD's can be purchased through a specific Bank right here in the USA. Best of Luck.

[Xelam]

you can register to this site and get a demo account.  you can even speak to your personal account service manager over the phone, email or chat for a personal touch while learning forex trading.

[Lancez]

Here you go babypips.com

[HaroldHsu]

Babypips.com is a good place to start.The risks in Forex trading are quite different than those of Stock trading... if you'd like to find out more you can download my free Forex report at http://www.forexsystemprofits.com

[MightyMike]

Forex definitely has much more risk/reward. This blog helped me out a lot http://forex-killerpipsreview.blogspot.com/The site also has a crash course for forex beginners

[trader]

When I started trading Forex I also had experience in stocks but I realized that wasn't enough to make consistent profits in Forex. Forex is more difficlt and challenging than stocks. Honestly, I think you're on the right track. Paper trading is the best way to learn Forex. You can also visit some websites (start by the free ones) in order to learn and improve your trading.Here are some websites that can help you out:http://www.freeforexebook.org/  (free ebook on Forex)http://www.forextopten.com/ (reviews on brokers, systems, courses and ebooks)http://www.topforexeducation.com/ (more courses and systems)http://www.babypips.com/ (one of the most complete Forex websites)http://www.moneytec.com/ (nice Forex forum)These websites were useful for me in the past. I hope they can help you out.