Good luck.

Paul Upp

Dear Kalra,

Thank you for your recent request for information on FOREX.com. I'm pleased to provide more details on opening an account and looking forward to servicing your Forex needs.

Getting started couldn't be easier.

Complete Application
You can apply online or click here to download an account application. Many clients find the online application the most convenient method of setting up their account.

Once your account is processed, you simply need to fund and you can get started trading right away.

There are several options for funding your account:
Credit Card – the fastest and most convenient way
Wire Transfer
Bank or Cashier's Check
Personal or Business Check
Should you have any additional questions, please do not hesitate to contact me at (646) 649-8810 or jdash@forex.com. I'm looking forward to having you trade with FOREX.com.

Sincerely,
John Dash

I use FXDD and they're for real.

If you already have a futures broker, you can also trade Currency Futures. I also trade the Forex, but I get better fills on the futures.

Actually, I trade the Forex through PermiereTrade software, and most of their customers (over 1,000 on the Message Board) trade through FXDD. But I can choose any broker.

If you don't already have charting software and a data feed, this may well be what you should be concentrating on. Of the legitimate brokers, they're all pretty much the same, if the spreads are comparable. You shouldn't pay over 2 or 3 pip spread on the majors, definately something to ask about.

On the futures, you pay a commission, rather than a spread difference, and they are in points, rather than pips. The currency futures are just like any other commodity. I use a very professional charting and trading platform called RealTick, through TerraNovaOnline; state-of-the-art stuff, technically oriented. TerraNova is the home of the Day Trader. I can trade currency futures for $11 roundtrip, which is not possible on the Forex. I pay $200/month for RealTick, but I think you can get their Investor package for free, which is RealTick just sized down to one screen. I use five 21" monitors. But Investor would be a good starting point. Check out their free trial offer.

http://terranovaonline.com/

Here is PremiereTrade's website:
http://www.premieretradeai.com/index.php
The great thing about PremiereTrade is their Message Boards and their Live Trader Commentary, and the ability to speak with their traders at any time. Keeping you informed is their business, and this is real unusual. They do not tell you when to trade, the software does that, but you are always informed; a definate plus.

Other Forex sites:
http://www.dailyfx.com/

http://www.forexnews.com/

Here's a good Forex educational site:
http://www.babypips.com/forex-school/market-hours.html

And here's another legitimate broker, this one international:
http://www.gftforex.com/land/index.asp?aid=500

But a stock broker doesn't have a license to trade commodities, and vice versa.

And wouldn't it be great if you could afford the best in the business, the most advanced technologically, on the cutting edge of online trading?

TerraNova is such a broker. Now you can have your cake and eat it too, and trade anything you wish from one broker, albeit, not from one account. Obviously, the laws cannot be broken. Their subsidiary, or is it parent company, Townsend Electronics, is the one that electronified and digitized the NASDAQ, and I believe they're getting ready to do the American Stock Exchange next.

You'll be amazed at their trading software. I've been using RealTick for over a year, and still haven't learned how to use all of the features.

It's all really incredible. I am just a Day Trader in index futures, and have no association with any of these companies, and have nothing to gain by applauding them; they simply deserve the applause, and you should take the opportunity to check them out.

If you want to play tennis you need to practice. Same with forex trading, with a practice of a few weeks you will be confidant enough to start live trading.

The sites you can refer for forex trading tips, recommendations, news and updates are: