Want to Trade Forex

"I wouldn't say that the volatility is killing the newbies. I had my best month so far after 6 months of live trading"

Well lets see after 5 years:-) There are many mechanical strategies that can get you 500% gain over short period but then drop to $0 after longer time. This is no secret.
 
Quote from KiasuTrader:

I am currently daytrading the S&P minis and am successful with that, but would like to start swing trading Forex. I've heard that they follow technicals like Support and Resistance very well.

I currently use Fibs for S&P and will do the same with Forex. I was just wondering-

1. Can anybody recommend any good books on the topic of trading Forex for a newcomer?

2. Can anyone suggest what a good currency to start off with would be or are they all pretty much the same?

3. What are some of the more reliable indicators people look at when trading forex? Ie government reports, particular stocks or rates, etc..

Thanks in advance

Kiasu
More...
KiasuTrader: For an example of volatility check out the post about this trade: click here.
 
can give the daily pip range of the majors over a recent weeks
or months?

or even hourly pip range (?)

I know ... I can go to a chart and do this by hand
:p
 
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