Yarcofin asked:

I have been investing in the stock market for several years, but recently Forex has caught my eye with claims of huge profits, and I have some questions:

1. Is there a site with free tutorials about Forex, the same way Investopedia.com has for stocks? Is there a Forex simulator where I can try it out using fake money?

2. What kind of initial investment does Forex require? What are the commissions/fees like if any? What is the average return (%) for most Forex investors?

3. Where/how do you open up an account? (I’m Canadian.)

4. Is it a lot more speculative/luck-based than the stock market? (A lot higher risk?)

5. I’ve heard a lot of people talking about “systems”, “software”, etc that they are charging money for. Is there any free software I can get? Are most of the people involved with Forex scam artists or are there some legitimate ones?

Thanks
Also what are these “pips” I keep hearing about?
Since nobody has answered yet I went and found a great tutorial site on my own, http://www.babypips.com. It also offers links to brokers that offer free demo accounts.

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4 separate forex robots at 1 price