I want to get started in the FOREX markets but want to know what Software and websites any FOREX traders use. Bar me getting a job in an Investment Bank I’m out on my own. Can anyone recommend what is the best Software to use, not only for Charting but also actual trading? Obviously FOREX.COM but also a list of sites to steer clear of would also be of help!

Many thanks!

most decent spreadbeting firms offer a charting psackage for free.I use IG and it's more than adequate for my needs.

eidt to add I only trade indices

Good forum to go to is forexfactory.com and another good website is forexpeacyarmy.com. Forex peacy army reviews forex companies and is a real good source of information.

Most forex accounts have or their own trading platform or they use a popular third party application like metatrader 4. Metatrader has its own online comunity of people that can program trading systems (called expert advisors) to automate certain types of trades.

Beware that 90% of people loose money in forex. The leverage that forex accounts offer can multiply profits but also losses. The online forums are full of tales of people that have seen their accounts wiped out when trades go against them.

I would say the following to not fall in these traps.

1. Use a demo account for a while seeing if your tarding strategy works. If you can make money consistantly then go to step 2.
2. Open up a mini account for $1000. Also if you make money here consistantly than move to step 3. If not it might be good to go to step 1 again.
3. Now start with $10000 or $100000. By wise and not greedy.

Even forex managers that have been maneging accounts for others have been caught out in the last 6-7 months due to the volatility in the market.

I am currently still at step 1 of the process.