New to forex trading? Sky's the limit?

Hi,

Just a little over two weeks ago a buddy of mine introduced forex trading to me. I glanced at it and it all the terminology seemed like giberish. However after a few days after I opened a forex trading account I read everything possible on forex trading. I have since then profitted on my mini forex account tinkering with it (not by much, but a profit). However, I still feel like im a little bit in the dark. Ive tried to learn to use a system but allways get confused on certain terms or ideas. My question is: is there any 'great' tutorials out there that cover almost all aspects of forex trading, or an extremly easy to understand and use system for beginners that has been proven to work? Im a very talented programmer in a few languages and feel if I could expand more knowledge about the market I could implement algorithms using what most services have, called API, producing an auto trading platform that profits daily. Everyone here seems very nice and helpful, Im very thankful in advance for any posts or suggestions that are posted on this thread.


Note: Please feel free to flood my PM inbox with suggestions, comments, or insults for a 'newbie'.

- JB

There's no comprehensive text that I've encountered. It's not something you can read into a little bit and then dominate. Learning to trade is like learning a language in the sense that with daily study, over time you will obtain enough experience to kind of know what your doing. Check out a few trading books at the library and see if you enjoy it. If you do a search on the forum for book lists, you will find a few the other guys recommend.

Hi JB
Welcome to FF. This is a great place to get a lot of info and also help from fellow traders.
I first started reading Daryl Guppy's books on Stock trading and then found one book lead to another etc and here I am in forex????. ( a few years later....)
In other words read all you can and you will soon progress.
A book I just re read recently is the Alexander Elder book..Trading for A Living. I really enjoyed it and I also think it is not a bad book to start with as it will explain a lot of terminology as well as indicators.
Most libraries will have it.
Enjoy the journey and do not be too impatient and then before you know it you will look back and be amazed at what knowledge you have accumulated.
Cheers
Antra

Four words: Trading in the Zone.