Sunday, January 28, 2007
How much money should you have in your FOREX acount in order to earn an income? -
I am planning to add funds to my online FOREX account and I am wondering what would be the appropriate amount of money to start off with in the account to where I can generate enough revenue to earn an income off my profits. I know you need at least $1000 just to play in the market but that amount is not enough to make money on. What would I need to have in my account to where I can start compounding the little profits that I make here and there? You should have at least $100,000.00 in it. That way you don t have the extreme risk of using their 50 or 100 to one margin where you lose your entire investment if a currency drops only 1 or 2%. FOREX Margin, just say NO! i think u will find help in http://www.fagr.org/ i hope this can help Earning a living with Forex is dependent on three factors. First, your starting account balance. Second, your actual performance level. And third, your living requirements. If you are opening an account with $500...the answer is no...you will not be able to make a living at Forex. Even $1000, $5000, $10,000 or $25,000 would not be enough of an initial account size to make a comfortable living in the Forex market. The next area of importance is your skill as a Forex trader or the effectiveness of the strategy that you follow. If you are a 50/50 trader and win on half of your trades and lose the other half you cannot make a living at Forex. If you have the time, the patience, the discipline and the knowledge to make at least 20 pips in 4 out of 5 days of daily trading you may have a good shot at making a living from the Forex market. I also personally know quite a few conservative Forex hedge traders that consistently make over 8% return per month. Here is where things get interesting. Let s say that you have an account of $100,000. If you were to earn over 8% per month and only draw off 4% ($4000) per month you may be able to live quite comfortably with that income level. And your account balance would continue to grow, more than doubling every 18 months. So I guess a good goal would be accumulate an investment amount of $100,000 before deciding to simply live off of your Forex investment. It is amazing to me how many people are working very hard while they have well over $100,000 sitting in CDs, money market accounts and mutual funds earning only 3% to 10% per YEAR. The final point to keep in mind is to decide if you want to spend the bulk of your time sitting in front of the computer day trading, or you want to go through the stress of hoping that you guess the news releases correctly as a fundamentals trader. Or would you prefer to be a conservative Forex hedge trader spending about 30 minutes a week to manage an account of any size. I wish you well and I hope that you can soon realize your goal of generating a comfortable living through Forex trading. I have an analysis looking the results of different Forex strategies that you may find interesting. It will help show you what is achievable and what is not. paul
Forex: Expert Adviser For Free to use with MetaTrader 4? -
I want to have an expert adviser for free to use with software Meta Trader 4. I want the expert adviser to automatically send e-mail signals to my inbox to execute orders. Is it possible? Okay well unfortunately I don t know any free systems however there are plenty of ones which you can buy for about $100 that do this job. You can see a number of them here - http://www.forexfastforward.com/forex_tr... The thing is with FX is that the amount of money you make is greatly dependant on the system you use (the thing that says when to trade). If you have a great system, you can expect to make a decent amount of money. Obviously, there will be losing trades but rule of thumb is that the better the system, the more money you make. With this in mind, I would highly recommend you stay away from quot;freequot; systems because you A) don t know who made them and B) don t know if they are going to make you any money. Sure, there are scams out there and there are a lot in the FX market... however, the reviews of the systems here: http://www.forexfastforward.com/forex_tr... are all of FX systems which are working for other people. Hope this helps?
How much can i make from forex trading? -
if i opened a managed acount for the professionals to do it for me. with the amount of 25,000 to began with. If you open an account with a managed Forex service you will make about 75% of whatever they are capable of making for you. Personally, I would never entrust my hard earned money to someone that has no consequences if they lose it all. Remember there is very little current regulatory oversight on managed accounts and some have been found to be less than honest. There are conservative Forex investment strategies that you can utilize to manage your own account. You should at least try a couple of these with a free demo account and see if that might be a better option for you. I you were to earn 6% per month with a conservative Forex investment strategy, you would double your money every 12 months. the best part is that you have total control of your own money at all times. Be careful and best wishes. Paul Forex trading is a leveraged form of trading - you are controlling a large amount of money with a small amount, via options. You can go for a long options strategy or a short options strategy. The short strategy can cause you to lose many times your original investment. On the other hand, you can make many times your investment if you buy options and the currency swings in your favor. The risk level is VERY high. Most of my friends who have tried forex, including myself, lost significant amounts of money. make sure you educate yourself on the risks of playing with LEVERAGED financial instruments. Never go into this without knowledge, despite assurances of your broker. Your potential profits are unlimited. Your losses are limited to $25,000. Sounds like a good deal? Maybe not... In the 80 s, a good guy talked me into currency trading. I followed his advice and bet long on Mexican Pesos. I lost $2000. Then we tried a straddle, long on one currency, short on another. I lost $1500. I earned a MS degree from MIT s Sloan School of Management and I am not qualified to predict currency swings. If you cannot learn from the experience of others (most of us have to suffer our own pain), you might try a practice account, below. The commercials you see on TV are all scams. There is no easy way to make instant cash. It s a risk. If you are not educated int his area, it becomes a high risk. 1000000000000000 Well at least you have a managed account and you are not doing it on your own I have been investing for 40 years, have over 1 million in investments, and I still don t have enough knowledge or skill for forex, or enough trust to let someone else manage my money, especially in Forex. I don t know how long you have been invested, start adding up the fees and charges.
Can anyone recommend a reliable FOREX trading platform? -
Several searches of google provide hundreds of results for companies providing this service, is anyone using or has used any they would recommend? I am new to FOREX and would ideally like to start on a trial basis, with a view to real investments in time, so recommendations for either would be appreciated. Thanks to be honest I don t know much about forex and have never tried it, and the reason, may be, is because I don t know anything about this area. also I don t like risking my money. I prefere Affiliate marketing. However, I found this website recently and they let you try for free as they claim without risking any money. http://www.dpbolvw.net/click-3174209-106... I hope that will help good luck check out your options in this site. it will lead you to a leading, legitimate, reliable and trusted forex trading platform. you can always search the net for thais claim. for a newbie like you, they offer one very good feature to your advantage, that is, quot;personal servicequot;. by opening any of their accounts- mini, gold, platinum or vip- you will be provided a personal Account Service Manager or ASM to deal with. your ASM will serve as your mentor, consultant and trading partner as well and you can discuss anything live via phone, email or chat at your convenience. further, you can always interact with other expert forex traders in their chatroom and get help at anytime. meantime, you may register and download a Free Forex Ebook and a Free Demo account as well for your initial training. all the best. Hi, I understand what you mean. Even i faced a lot of problems. Always first check which regulatory board governs these companies. I would prefer IBFX. They are reliable. There are others like FXDD, Oanda. Well you have to still do a lot of personal research before you start with any broker. First, try to look at Spread, many brokers have different spread. Small spread is better. Second, Choose Leverage, Min Deposit. Third, Open Meta Trader 4 Platform Account. You can test it for Free with Demo Account. Good things about MT4 Platform are most broker supports and Several Good Robots trade automatically 24 Hours and it really works. Forex can be a pain when dealing with companies. I did not want to read all about it I just wanted to hop in with two feet. I got a automated trading robot. I invested 100 dollars two months back. The account is already up to $327, I don t think I will get the results the web site promised but at least I am making a profit already. http://forexboomrang.com I prefer GFT. The other answers are interesting considering the stock market has lost over 2 trillion dollars of retirement funds in the last 8 months and the home values of americans has done likewise. Forex is a very different animal than the other markets, so read, study, paper trade before you lose your money. It is fast and volatile. Good Luck! Ah.... they make it look so easy.... everyone s doing it. They don t tell you; Your account will be wiped out in 1 - 6 months Of those that last 6 months... only 96% will be trading a year from then. There are no quot;good brokers... only brokers that are not as bad as others. Check out; http://www.forexpeacearmy.com/public/for... If you have 5-10 years trading successful experiance in stocks........ you may have about 5-20% chance of doing OK in FX.... especially if you understand the importance of good money management techniques and practice them 100% of the time. As with any other type of trading....... quot;paper tradingquot; demos help with learning a platform..... but are poor for judging performance. If you have a basic knowledge about forex ,you can trade forex fap turbo automated robot ,it is a automatic robot which guides to stop at loss and at profits.Best EA so far i know. Don t waste your time, money or energy. There are professional traders which move millions in seconds, you really don t have a chance. Hello, I know someone that works in a forex company what you looking for?
How does Forex trading work...? -
How does forex trading work? I have no idea. Please give me a basic uncomplicated answer..thanks :) You buy and sell( at the same time) currency pairs. Example would be EUR/USD where you are buying one and selling the other. Depending on which direction you think it will go you buy/sell or sell/buy. Currencies are always traded in pairs – the US dollar against the Japanese yen, or the English pound against the Euro. Every transaction involves selling one currency and buying another, so if an investor believes the euro will gain against the dollar, he will sell dollars and buy euros. The potential for profit exists because there is always movement between currencies. Even small changes can result in substantial profits because of the large amount of money involved in each transaction. If you want to know how it works, then visit the below link, you will find some useful information: http://online-fx-trading.net/basics-of-f... Register to this site and download a Free Forex Ebook. That will help you a lot in understanding how forex works. very carefully!
Has anyone used the software Forex Tracer? -
Is it effective in trading the Forex? I watched a video on forex tracer from the site below and it looked pretty good. I ended up purchasing and have had some good results BUT I was only using the trial account but do plan to use real money in the future http://www.forexsoftwarereview.org/Forex...
How to get broker license for currency exchange (FOREX)? -
You apply for a job. If they accept you, they will train you and get your license. A resume is a good idea. 7. Using the Mtpredictor s technical analysis Elliot Wave Principle software, Bsmtprediction provides Forex Traders with FREE access to AUD/USD, EUR/GBP, GBP/USD, EUR/USD, NZD/USD, USD/CAD, USD/CHF, EUR/JPY, GBP/JPY amp; USD/JPY daily currency forecasts through this website. At Any Time / Any Day (we ll straight away post the signals here in real-time if there s any triggered) 1 hour, 4 hours amp; daily time frame forecasts are published on this site. The predictions are good from the moment they are published until either it reached the take profit target, hitted the stop loss or another new prediction of the same currency amp; timeframe unveils on the same / following day. Essentially, the prices shown are for an unknown period.. That s why we encourage you to subscribe our FREE Google Groups newsletter to get the latest signal updates sent to your e-mail from the very 1st minute it surfaces the net.. investopedia and FXCm can be the sites where you can get this info. investopedia.com http://the-forex-trading.blogspot.com fxcm.com
Saturday, January 27, 2007
Is it possible to earn big money very fastly with shares and forex exchange? How? Can I begin with 5000Euros? -
In 6 months, how much can I win ? Well....a couple of things you need to think about. quot;Earning big money very fastquot; is known by most people as gambling. If that is your objective with the Forex market I would strongly recommend that you look elsewhere. Like maybe....Las Vegas. Now if you want to generate attractive returns on a consistent basis as part of a long term investment strategy....I can be of help. First, I must caution you that any market that can generate high returns also involves high risk. You should never invest money that you cannot afford to lose in the Forex market. That being said there are conservative hedging strategies that can greatly reduce those risks. If you were to earn 8% return per month, you would double your 5000Euros every 9 months. (9 mos - 10,000euros, 18 mos - 20,000euros, 36 months - 80,000euros). There are conservative Forex strategies with which you could consistently average over 8% per month. If you were to earn 12% per month you would double your money every 6 months (growing an initial 5000Euros to 320,000Euros in 36 months) You have a much better chance of success by taking a conservative long term view than looking for an immediate big time win! In 6 months, how much can I win ? LOL I trade in stocks all day as my source of income. I would never go near FOREX. Way to much risk for me. 1) Yes. 2) Open a brokerage account at Zecco. 3) Yes. 4) $500 USD if you pick a decent Mutual Fund. If you want to earn big money then you need at least $25,000.00 USD. It s possible, but incredibly unlikely. If there was an easy way to make money fast in shares or forex, thousands of people would already be doing it and it d be all over the news! Beware of scams and frauds that claim to give you high returns, too: they re probably not true. Your best bet is to invest in a high-interest savings or stocks account, and let someone reputable, with more knowledge and experience handle it for you. Don t put your hard earned money into it.Rather start with a small upfront money.With the income generated here you can play the risky game of FOREX. First it depends what do you consider big money? Second you can make alot of money fast as in a few months but on the flip you can also lose alot fast. Markets change minute by minute and forex does so 24 hours a day Sunday eve to Friday eve. If you are considering forex do not fall for the scams that offer 300% returns as those fail more times than they produce. If you are new to forex I suggest joining a club whereby you can invest and make money while investing without the risk of being a novice investor in forex trade. I belong to a club and we normally see an average of 5.3% monthly which by any standard is good. There has been one month where it was only 1.3% but like I said normally 5.3% if you need any more help or answers contact me at billone44@yahoo.com Hi, YES, YOU CAN EARN SIGNIFICANT INCOME TRADING FOREX. Forex is really very exciting and very profitable business. You could work from any place and at any time from Sunday midnight to Friday midnight. I could introduce you to one of forex broker leaders that is located in SWITZERLAND. They have very tight spreads. Total 25 currency pairs, Gold and Silver. SPREADS: 2 pips for EURUSD, USDJPY, AUDUSD, EURGBP, EURCHF; 3 pips for GBPUSD, USDCHF, USDCAD, EURJPY; 4 pips for CADJPY, CHFJPY; 5 pips for NZDUSD, AUDJPY; 6 pips for EURAUD, GBPCHF, NZDJPY; 7 pips for EURCAD, GBPJPY; 8 pips for GBPCAD, GBPAUD, AUDCHF, CADCHF, NZDCHF; 10 pips for AUDCAD, AUDNZD. LEVERAGE 1:200 default but client could chose the leverage from 1:1 to 1:200 at the account opening procedure. MARGINS. The margin or leverage a client can have depends on the client s account equity. The table below shows margin requirements for the different equity levels: Less than 25,000 - 0.5% 25,000 to 1,000,000 - 1% 1,000,000 to 5,000,000 - 2% 5,000,000 to 10,000,000 - 3% Above 10,000,000 - 5% Please note that on weekends and holidays margin requirements remains the same. SWAPS are counted as negative as positive. Also is available swap-free accounts. STOP and LIMIT orders may be placed as close as 5 pips from market price TRADING TERMINAL Meta Trader 4. Clients can choose to have their accounts denominated in either USD, EUR, GBP, JPY, CHF, AUD or CAD. Initial account opening deposit from US$2000. This is regular forex trading account however it is allowed trading in mini lots (from 0.1 lot). If you are interesting I could introduce you to them please e-mail or PM me (press on my name) and I provide you with further information. Furthermore I could provide you for FREE with more than 50 trading e-books and trading systems that worth more than several thousand dollars and are very useful as for beginners as for experienced traders. Good luck! http://www.netjobs4all.com?id=217311 see this link
Whatamp;#39;s the better way to predict waves and trends at forex market ? -
After reading much on the subject, it is my impression that none of the ways work well. Most of the theories out there are about as scientific as astrology. Most financial experts recommend against dealing in foreign exchange at all. You re more likely to lose money than gain. If you do try it, watch out for the scammers. try http://finance.yahoo.com/currency this site allows u to view selected currency fluctuation in recent months or years. that s not it. then check out the country s financial news. see if there s any speculation. such as raise of interest rates or political instability or the price of their main export. eg oil and gas. All these are crucial factors.
Is online forex trading permitted in india? -
I want to know whether online forex trading is permitted in india. and what are the related laws or rules? In which firms we can trade ? International or only Indian firms. Forex Trading is absolutely allowed in India. There are no platforms that you are restricted to. The toughest choice you will have to make is whether or not to use a broker or save yourself the money and do it yourself. Doing it yourself can be very time consuming but there is a compnay that I know of that allows you to do it yourself and it only take 15-20 minutes per week to manage it. Check out http://wiseforexinvestor.com for more infromation about this company. They give you a free 15 day trial so that you can test it out and make sure it is what you are looking for. I have been using it for a while now and absolutely love it. I wouldn t trade any other way. If you have any questions please do not hesitate to call or email. Rex White 503-922-1475 www.rexwhite@wiseforexinvestor.com it is permitted anywhere in the world - worldwide the best choice I came accross is http://4xgenie.com , it doesn t get better than than,free week - code is MSMS555, you can earn $$ in free week already! good luck Absolutely it is permitted. I have signed up numerous clients from India, and you can use brokers that are located in the U.S. If your new to currency trading there is only one way to trade, FreedomRocks. It is a one of a kind software that does 95% of the work. You can be a complete novice to trading and do very well with this system, I was. Best of all you can try it free for 15 days, check out www.simpl4xinvesting.com and see if you are as favarobly impressed as I was. Feel free to call me anytime. Best Regards Chris Thomas 1-541-255-2647 skype id: christhomas4 Well will you be breaking any law if the Forex company is registerd in USA, HK or any other countries ? For more Forex Resources check out @ http://www.geocities.com/lcming/ForexFor... Forex trading is definitely allowed in India. The only decision you face is what currencies to trade and where to host your trading. It sounds like you are fairly new to the Forex market and we all were at one time. I have done a lot of research into different brokers, systems, markers, etc... I have found two sites I would suggest are worthy of being passed on or recommended by me. The first would be http://www.babypips.com . This will give you excellent knowledge on the forex market. Second I highly recommend setting up an account with FreedomRocks. I stumbled upon them a short time ago and because of them my trades have been more profitable and my time spent on forex has been drastically reduced. Most people do not realize that without a system like FreedomRocks, the forex market will consume you. I see someone else saying what beats a free week trial with a system I am all to familiar with. Well I got news for you, 15 day free trial beats a week. What are you going to see in a week? Try FreedomRocks at http://www.yourforexinvestor.com I have a feeling you will love what you see during your trial. Brandon Wells 877-773-5345 http://www.yourforexinvestor.com
Does anyone know about forex market, i just went to a seminar they were selling the program for 4000$? -
the program is how to play forex market , is it wort it? are there any other programs? There is a lot of fluctuation, play the market is risky I personally don t think any program is worth $4000. Trading the forex is a daily grind, and it s not something you can learn, comprehend and put into use after a single seminar. I ve been doing it for years, and it s still hard. Visit http://www.forexagent.info or http://www.forexbroker.info for forex brokers. If you are looking for some good signals sites, http://www.myforexsignals.info or http://wwwforex-signal-live.info are a good place to start. Other then that, you need to self educate to get any where try to find some good forex forums online and you ll get pointed in the right direction. I advise you to stay away from expensive programs like these. These are people who are not good at trading so they make money the other way. If I am right, you are referring to 4xmadeeasy by James Dick. He conducts seminars to sell his $4000 program. A good place to start would be babypips.com and once you are thorough with the basic concept, you can move to investopedia to learn more about technical and fundamental indicators. Remember, programs are systams are not the success factor in forex. It is discipline, courage and patience that will take you to the next level and help you retire from this market. Hope this helps. May I suggest don t spend that kind of money on sometimes ineffective methods. you could use that money on your trading already and make more without the guesswork and the emotional roller coaster ride. If you are curious how? May I suggest you first visit my website at www.FreedomRocks.com/112325. It won t cost you a dime. You ll also have a great business opportunity if you watch most especially the Business video. i assure you, you will not regret it. The overwhelming majority of amateur forex traders lose money. Only the professionals with their multiple computer systems and real time quotes, current news feeds, etc can react fast enough to make any money. Small time traders will almost always get killed. Save your money, and put it into a bank, maybe buy some mutual funds. You will sleep better and preserve your money. No quot;programquot; works in forex. Check out the reviews on; www.forexbastards.com Understand that there s two ways to lose money in FX; A. Buy a program and/or use quot;alertquot; signals. B. Not spending the time and hard work it takes to make it in FX. FX is a great way to make cash..... but..... 95% of all new FX traders blow their accounts. Many in the first 3 months. It may quot;lookquot; easy. It s not. Paper trading isa good idea but it s results will never be duplicated in the real word. Always use quot;stopsquot;. Watch out for quot;stopquot; hunters. Create your own trading plan. I know you most likely will ignore my warnings. Think about what I ve said in two months. Are there any other programs? There are TONS of other programs and other sources of advice. The problem is sifting through what s out there and deciding whose advice you want to take. Before, I d plunk down any sizeable amount of money, I would 1) check out ForexBastards reviews as someone else mentionned 2) check out at least the free download, if not the ebook which is available from CompareForexAdvice.com Good luck! Whoa Nellie!!! You certainly do not need to spend $4000 for a Forex program to help learn hoe to invest in (not quot;playquot;) the Forex market. You are simply paying for their late night infomercials and their hotel room and staff costs. $4000 does not quot;Make it Easyquot; and $8000 does not quot;Make it twice as Easyquot;. You will next be hit up for their $3000 training classes. Everything that you need to learn is available for the taking at different sources on the internet. You will also find that there are successful forex traders that do not mind sharing their strategies with you. That $4000 would be much better placed in a conservative Forex position than in Slick Willy s pocket. Wishing you success in your Forex journey. Paul
What are the best websites to learn about forex trading system for meta trader. Thanks? -
I prefer to check reviews websites in order to find which are the best systems on the market. It depends what you mean by system. If you re searching for an automated system that you just turn on and wait for money, you d better stop searching. The problem with trading (forex especially) is that you can t create mathematical strategies and in the end you ll have to rely on your feeling about the markets. So my opinion is that you have to understand the market and a good source of information is www.dailyfx.com . Also, you can check out my blog http://andreitaga.wordpress.com (use password tajune12) and you ll find some strategies that I use (it was meant to be a commercial blog but after I took 2 students and for a whole month went to bed with a headache I decided to stop teaching people how to trade -gt; so now it s not a commercial blog anymore) If you just want some expert advisors for MT4, search quot;ea for mt4quot; on google and you ll find many sites. http://www.forexmt4.com/mt_yahoo/ is also a good source. A good forex system means you need to constantly have high probability trades. You also need to be concerned with the currency pairs in real time. Hopefully this blog can help. http://www.whatisforextrading.com Remember, no trading will be fool proof, so be cautious about the claims some trading systems make. To learn about forex systems in particular, there s a free guide you can look at here: http://www.fxsystemscompared.com - it tells you everything you need to know about forex systems. If you want to learn about forex in general, it would help if you looked at the free step-by-step guide at http://www.forexfromscratch.com - that shows you the 5 step process you need to take to start in Forex. Hope this helps?
Friday, January 26, 2007
Has anyone used Easy-Forex and made some money off of it? -
I just stumbled upon Easy-Forex and am very interested in investing some money. Has anyone used this service? would you recomend it? To CA guy, Easy forex was established by forex trading professionals and professional software developers with the main goal of satisfying the needs, wants and requirements of forex traders and investors since the very beginning of their first trading deal. They provide forex traders with secure and user friendly forex trading software. Easy Forex provides many, many features and benefits like high leverage, superior personal account management, 24 hour assistance, the latest technology security and a totally transparent system with no hidden fees. Also, you don t need to download a thing since everything is run online. If wondering about serious issues like scams, Easy Forex is totally void of those as they are regulated by the National Futures Association. So its safe to join! Theres a more comprehensive article below which will help you decide whether to join or not. No matter what, remember the golden rule. Invest only on your risk capital! Good luck! Easy Forex doesn t seem like a good choice. They have lousy reviews everywhere. Check the following reviews about them: http://www.forextopten.com/easyforexrevi... http://www.forexpeacearmy.com/public/rev... Also keep in mind there are lot of Forex brokers scams. This article might be a good reading for you: http://www.forextopten.com/forex-brokers... yes, i agree. very good forex site. lots of features aimed at protecting the interest of the trader like they provide you a Service Account manager, you can pre define your Stop-Loss and Take-Profit rates , also you can freeze the Buy or the Sell rate regardless of the movements. and they are not charging any fee for most of the transactions. they even offer other programs for the trader to earn money other than trading alone like their referral system where you can earn commission by referring your friend . and I think you can even apply to run your own forex portfolio if you wish to. all the best in your business venture. Hi there, Forex trading is a risky business, you can invest a lot of money in it and lose it all in one day or earn much more with the money. I advise you to visit this site because it has a list of articles to let you know more about forex and tips and strategies for improvement Cheers I found this site there might be some useful info on it. Maybe you should sign up for the guys newsletter and ask him? http://hpd.makemoneyonforex.com sure, it s the best forex site so far. to help you succeed i suggest you utilise the help of your personal account service manager. he /she can guide you on all your dealings. also, get in the chat room and get further professional advices. best of luck. Nope, but be cautious, if it sounds too good to be true, it usually is.
How often do you visit Forex related websites and what do you expect from them,what do you use the most? -
There are really not a lot of Forex related sites out there that are incredibly helpful. It s an area that I believe confuses a lot of people and takes a certain type of investor. I use them weekly to try and gain some due dilligence, but I tend to study market trends and specific information more so then I do general forex sites. I also think it s important to have some good forex software over sites. In regards to what to expect, I would reccomend checking out www.greedreviews.com I believe they offer investor based rankings and reviews on sites like this, which might help give a more clear idea.
Interested in getting into forex trading, how do i start? -
i am a beginner, and would like to find out how to learn more about forex trading, where to start, how to do some practice trades... You have to educate yourself on the basics and read whatever you can. Find some good books and try out some systems if you wish. Then open an account with a broker which allows you to paper trade. Practice until you are satisfied. Don t jump in. When you feel you re ready, try small trades until you are confident. That way your loss is small. But at all times of trading, always be aware of your risks and manage your risk well. That way you will not lose everything and in the long run you will make. Jul L, I would recommend you to start involving in Forex through the demo platforms provided by the Forex brokers. Do not invest any real money because without any prior knowledge and analytical skill, you will definitely lose money in the market. Currently, I have completed a free 7 days beginner course. The course is very useful and provides a good introduction to the Forex market and basic analytical skills. I m moving on to the advanced course soon. If you are interested in following the same course and get some basic knowledge on Forex, you can visit the website below. However, I think that the place is limited. There is a new round I think. But if you cannot reserve a place, try to email them to ask them to put you in queue in the future. Do you see the profit potential in trading currencies, but learning to trade just seems too daunting? Have you watched with excitement the recent crashing of the value of the USD, but simply don t know how to get started trading? While it is simple to begin trading Forex online, maintaining profitability in the long term is no easy task. You have probably heard that 90% of Forex traders lose their money in the long term. If indeed this is true, it is the result of a couple of different factors. Overtrading: Each trade costs you a couple of pips - Consider your trades well before you make them. Each faulty trade, even if exited quickly, drains equity. Bad money management: One bad trade can wipe out a year of patient, smart trading. Manage your risk using stop loss orders, so that you never risk too high a percentage of your equity on any one single trade. Lack of knowledge: If you have never traded Forex before, educate yourself! Successful traders are not born that way. The difference between success and failure in the Forex market depends in no small part on the knowledge and education of a trader. For the beginning trader, a proper education is essential before investing in the Foreign Exchange. Find a program you are comfortable with, and begin practicing on a demo account. Trading on the foreign exchange offers unparalleled opportunities for profit, but it is also extremely risky. Make sure you know what you are getting into before you start trading, and start trading only when you are comfortable in your knowledge and ability. ...For more information about FOREX Trading, Go Here: http://smoky8.livejournal.com/ My Recommended Forex Trading System: http://www.urlpire.com/?MALFY I could see your interest in this trade. You must understand that forex trading involves substantial risk, however, with proper research and guidance you can overcome the odds. you might as well check out your options in this site. First, register to get a free Ebook. You must read and learn all you need to learn from the book. You can even get a Free Demo account so you can practice virtual trading before you get in to the actual business itself. The best part in this site is, if you register as a trader, you can avail of the services of a personal Account Service Manager with whom you can TALK LIVE via phone, email or chat. Nothing beats the advise you can get from a real live person expert in the field who will guide you, teach you and trade along with you. For a minimum deposit of $100 you can start trading immediately and you can use your Credit Card to fund your account. further, for your protection, they can even set your Stop Loss rates so that you can earn unlimited gains but not lose more than your authorized amount. first, dont use real money, open demo account and keep practise + learning here s good forex learning amp; tools resources http://forexperfect.com/free-forex-indic... you can ask anything related to forex : http://forum.forexperfect.com You re a beginner?? Me too! I ve been trading for 2 years, but I m still lost in the open. The best way to learn is to do some paper trading. You can open a demo account at oanda.com for free. If you are in the Western Hemisphere, prepared to be trading at night, because the markets don t really move during U.S. hours. You want to trade together?? So far I m only average 5-10 percent a week. If you want here s my email. nliang@luc.edu. We can talk more on yahoo messenger later. Yes...I have always wondered this as well.... I heard some people have computers which just make all their Forex trades for them...more like...big buisnesses and banks buy computers from people which do this and basically it just converts back and forth for hours on end and pumps out money... A legal money making machine.... It was on National Public Radio like 7 months ago....haha. there s a great place that I found doing research that will show you exactly how to get started and will coach you through the process for free. i think the site is http://dailyfxcoach.com Start by accuring a lot of money. Then be prepared to have that money tied up for a long time. Check out Futures and Forwards if you have the money or the friends. Take a wad of £10 notes pout of your pocket and set fire to them .. this will teach you how easy it is to loose money Forex trading ..
What would be the forex reserve of India on todays date? -
US$281.729 billion as of January 11, 2008. India updates this data weekly, so this data is outdated by one week. Something big...
Thursday, January 25, 2007
FOREX: What/ where is the best FREE source of education on the web for a person who wants to learn how to...? -
... trade on the Foex? I am a beginner, and I specifically want to learn about the basics, how to spot trends, tradeing techniques, etc.. Even if you want to recomend a book- that would be helpful. (FYI: I cannot afford a pricey course, so any recomendations to that fact will not be considered). THANKS! The best thing is to start reading the available articles on the net. That way you don t have to pay and you will gain an overall idea of forex trading. After that, if you want to really learn some techniques and insiders methods etc, then you would need to buy some good books or short courses. Generally the free ones are too vague. http://www.tradingacademy.com/actionfore... Yes although if you want free training that is a good site but I have been investing for the last ten years I would recommend http://www.theinsidercode.com if you really have the time to learn the game. Mac will teach and coach you until you feel confident in reading the charts. However if you are new and have no time to moniter the markets I would suggest http://krore.forexrobot.hop.clickbank.ne... a unique automated robot that trades for you. In the last one year of using it I have not been able to get the huge gains of 200% per month as some others but I have got a conservative 50% profit on my $1000/- investment using a mini lot and am planning to increse my invest to $10,000/- and using a standard lot. Do not worry if you do not understand the terms mini lot and standard lot because there is also the micro lot if you want to start with only $100/-. The programme comes with a free course which will teach you all these basics. Best it comes with a 58 days money back guarantee. Test it for 50 days on a demo account and if you are not happy with your results get a full refund. http://krore.forexrobot.hop.clickbank.ne... For a start, you can register and get a Free Ebook. you really need to read a lot and learn as much as you can to succeed in forex trading. for your further information, this site is actually one of the leaders in forex trading today. If later you decide to trade with them, they provide all new traders with a personal Account Service manager who will acquaint, assist, answer all technical questions and even trade with until the trader himself becomes familiar with the system. if you wish to find out more of what they can offer, simply browse through the website. Good luck. Hello, One advice, before u get in forex market u should try invest on stocks. Forex is a real intense market where gt;90% of beginners lose money and leave because of lack knowledge. In just a couple of minutes or hours u can lose all your initial capital. Anyway i advice you starting here and read the newbie material: http://www.investopedia.com/university/t... And then go here: http://trading-naked.com/ (In my opinion is one of the best website for traders searching for knowledge, lot of ebooks, plenty of techniques, read carefully the material of Joe Ross - just the best) One last advice: Do not get obsessed with mechanical systems and indicators. The most important thing on market is quot;PRICE ACTIONquot; (UNDERSTAND THIS IS ALL YOU NEED). For that start reading good books like the joe ross material. Then try a demo account. Practice, practice and practice, and keep in mind patient is a virtue. Hope my answer help. Sorry for my english PS: Unfortunately (Trading naked) they are renovating the website. But keep that on your favorites. if you want i can send you some ebooks by email. This site is a free forex resource, no hyped up nonsense and no need to give your email address for a free e-book. http://forexprofitingtips.net Go to forex.com and start following the strategy of the day. Its free and its VERY helpful. Just take this advice and you will be on your way to at least having a chance to become profitable. Hi, A good place to start is babypips.com/school Also, you may want to download my free Forex trading report at: http://forexsystemprofits.com Hope this helps! For me it s http://www.freeforexebook.org/ , http://www.forextopten.com/forex-article... and http://moneytec.com/ .
What is a foolproof low risk forex strategy? -
There are many forex strategies on the net but all have their risks. also mentioned. What could be the simplest, safest forex strategy for someone with $ 1000 who loves to be in the forex game. Take a year to learn as much as you can and then go very slowly. Anyone that suggests to you that there is a simple way to invest in FX that quot;worksquot; is either not telling the truth or is ignorant. Keep in mind that 95% of all new traders lose most of their money in the first 3 months of trading FX. Surely the success rate would be higher if there were any quot;formulasquot; that really worked. There aren t any quot;foolproofquot; investment strategies for either forex or stocks. Only certificates of deposits or bonds have guaranteed results. But, I can relate to wanting to be in the forex game and started poking around myself. The best advice I ve gotten in terms of a safe strategy is to start with a demo account. If you can t make money with a demo account where there is no fear or greed involved, then you won t be able to make a profit when real $$$ are at stake! That s the quot;simplest, safestquot; strategy. For picking a strategy or an expert to follow, I d suggest http://www.compareforexadvice.com Regardless of who you are thinking of following, go to http://www.forexbastards.com and make sure they have positive feedback (there is a page of readers reviews and rankings) This strategy is completely amazing. You will be hearing of it very soon. Right now its taking the investment world by storm growing 40% a month. But since it cost 100 a month its not worth it with a 1000 because you pay 10% of your account a month so you would have to make 10%+ a month. That sounds ridiculous but they have averaged 15% a month since they started. I still wouldn t risk it with 1000 though. You might want to look into selling the product as a strategy. Since its just getting started people are making a ton of money that way as well. There are several people already making 20k a month in risidual income and the strategy has only been around for 1.5 years and now gettting its name out. You sell the product not the business because its so amazing. When someone sees how good the product is they naturally tell everyone they know about and your business grows. Email me and I would be glad to answer any questions for you. Watch the video presentation on the site below. www.freedomrocksnetwork.com Jonathan Stevens Hi, There is nothing like a foolproof strategy in gambling like forex and stocks trading. Mostly our success is determined by our luck. But, you can still rely on some experts way of handling such investments. Visit http://stocks.advisorinternet.info for some useful insight into forex trading. Good luck! My team and I use a very simple Forex strategy that reduces risk and eliminates the need to be constantly in front of a computer monitoring your positions. Please keep in mind that I said quot;reduces risk....not eliminates riskquot;. There is always an element of risk associated with the Forex market the key is to reduce the risk, eliminate the human emotion factor and practice sound money management principles. We use a hedged strategy with the EUR/USD and the CHF/USD. We use a simple method to indicate the most favorable times to enter the market. We use a logical approach as to when to take profits and when to close our positions avoiding major market corrections. One of the key strategies of successful Forex trading is to know when to be quot;in the Forex gamequot; and when to wait on the sidelines and wait for the dust to settle. Good luck and I would be happy to kick around some ideas with you. Paul pupp52@yahoo.com
Is there any Forex Funnel Software available which is cheap and realiable? -
I m a newbie in this forex field and i would hope to learn more on this. But i m lazy to explore from the net so i m asking a favour from you guys for the software. If your to lazy to learn it yourself your probably to lazy to know if the software is going to work or not. I have been trading on the forex market for a while. I am embarrassed to say that I got my start trading on the forex market by buying a product from clickbank. That was the biggest mistake. I bought something similar to forex funnel software (it might of even been made by the same guy!) and I lost a lot of money. I guess that what I get for buying something for $100 and expecting it to make me tons of money everyday on auto pilot. It sounded good at the time but I found out the hard way it was junk. I had to do a lot of research to finally find something that works. The good news is that there is a lot of other quality systems to take advantage of that actually work. I suggest you stay away from any of these products that are sold on clickbank for forex. All they will do is make you lose money faster than you can believe. That is just my opinion......... Software for FX is either a scam or only useful to the already very experianced amp; successful trader. Hoping that you ll find some easy way quot;secretquot; to becoming rich via FX is serious problem you need to address. Your life will be filled with disapointments and failure if you try to achieve succcess through the quot;lazyquot; way. especially if your search is based upon unreasonable hope instead of good hard work and planning. Forex funnel software is really not the route to go. I ve had the pleasure or rather the pain of trying it before and I was really let down. It promises more than it could ever deliver and I would not be surprised if it took a few people into bankruptcy. It is really that bad, but that is just my opinion. I wouldn t trust it with my hard earned money would you? There s a full review of Forex Funnel here: http://www.fxsystemscompared.com/rev_for... There s also a free beginners guide to forex at this site: http://www.forexfromscratch.com The guide in that site is a 5 step blueprint which tells you exactly how to get into forex Hope this helps? I recommend you to learn FOREX trading and do not use automatic software without knowing what are you doing.. there is a lot of tunning you have to do to this software in order to make it work on the long run.
Has anyone profitted from the Forex market? -
I am getting into it and want to know. people say it is a very risky market? Yes. It is highly leveraged and is very risky. You can easily lose your house and also make a bundle with little money if you play it right. Please paper trade before you put any real money to it. You can try a free demo account from to get a feel of it : http://www.gftforex.com/ There is some useful advice here. nope it s very risk investment.. you ll need to make a wise decision and do some reasearch.. here are some forex investment i try.. -150% return -Duration: 10 days.. but need to open e-gold account (FREE registration)
Wednesday, January 24, 2007
Please share with us some strategy to make money from FOREX? -
Please share with us some idea, way, strategy to try to make some money from the forex markets, i heard that some people live on that, i myself tried it with no success, i wonder if one could really depend on that for a living and garantee some monthly income, could that be possible ?? I have been trading forex for 5 years! I spent loads of money on how to trade it! I keep losing but I still keep putting more money in it! I feel that the brokers are the only ones making money on the forex! However I am making a good living on-line now! If you want I can give you some information on it? Email me at sim_tingleton@yahoo.com Tim One of the best strategies used for over 20 years now for spot forex trading is multiple timeframe analysis. Look at the larger trends first then make sure the smaller trends agree before entering your trade. Write a trading plan then execute the entry with a stop order. If you would like several technical papers on the method including an audio library at no cost look on the link below. http://www.forexearlywarning.com/audiotr... Good Trading Mark Mc Donnell http://www.forexearlywarning.com Focus more on fundamentals than technical analysis. Economic news analysis is what moves the markets. Here is a free site that shows what has happened after economic news releases: http://www.forexnewspatterns.com Buy Low - Sell High
In forex market,could any body explaine to me why the candles are getting longer this days than before? -
i noticed i the daily chart for many currencies ,for about three months ,candles were so small.mot more than 40-80 pips in day.but in the last few months ,candles become very long.about 100-200 pips in day and some times more,what is the reson for that change the length of the candlestick represents the range of the currency during the time span represented by each candlestick. when volatility increases in a market the average daily range increases. when currencies move relative to each other expect volatility to increase. the dollar started to gain against many currencies a few months ago. that is the point that the volatility picked up and the candlesticks became longer. The reason is there is much volatility in the markets and people are confused what to do and there is also uncetainity about the economy and also the negative news that going out on a daily basis but it could be something more thats what i think Trade Forex Automatically from Home Less Than 10 Hours/Week amp; Make More Than The Average Full Time Employee! http://www.forexsoftwarereview.net
Which Forex Brokers Has the lower pip ,and can use moneybookers to deposit ???? -
Which Forex Brokers Has the lower pip ,and can use moneybookers to deposit money ???? Earn Money in Forex Trading . Best of all Forex Investment . Only 1 pip . CAN DEPOSIT MONEY USING MoneyBookers Account Sizes: Mini Accounts: $250 - $5,000 Contract Sizes: Mini Accounts: 1k (micro), 10k (mini), 100k (standard) Free Practice Account too. Swap Schedule: Mini Accounts are swap-free. Leverage/Margin: Up to 500:1 on Mini Accounts Interest on Unused Margin: 2% annually. Trailing stops are designed to lock in profit levels. Click Here To Join http://dispatcher.fxclearing.ca/?form=dl... Click Here For More Information http://forex3333.atwebpages.com/index.ht... http://forex3333.tripod.com/index.htm On http://www.forextopten.com/forex-broker.... you can find a list with plenty of brokers. Look for yourself which one is the best for you. You can open an free Marketiva forex \gold\fund\indexs online trading account , with $5 reward and $20000 virtrual fund for practice .Just click the following link to open an account. http://www-forex.spaces.live.com Oanda has the tightest spreads, and they accept Paypal, I don t know about moneybookers. I use them for my fx trading and I think they are good. you may also check out this site for alternatives.
Why doesnamp;#39;t China have huge forex reserves put its capital in use? -
China is supposedly accumulating huge foreign exchange reserves. I wonder why a country which is still poor and in need of infrastructure would lend so much money to the US keeping so many Treasury bonds instead of investing it China is accumulating large positions in US Treasury bonds and notes. Why? Because they export $billions of goods to the US and get $ in return, which must be converted to local Chinese RMB (yuan) to use locally. So the government ends up with a lot of US$, which it invests in the safest securities around - US gov t bonds and notes. they have also been diversifying into Euro gov t bonds....but mostly $ since they accumulate huge excesses in $ each year. They have begun some application of this capital to other investments - recently they announceed they would take a 10% stake in the private equity firm Blackstone when that firm floats an IPO this summer. They have also made runs at buying some oil companies. They have begun using the capital to finance expanding their overseas oil reserve holdings - by purchase and by exploration. I believe that once they feel that they want to mailny continue their internal build-out of infrastructure - this will yield enormous internal efficiencies in their own economy. For example, 40% of the world s concrete is used in China, as is 20% of the world s copper. That s a lot of hi-rises, roads and wiring. Once they direct their economic resources more to acquisition and growth outside China, there will be a huge bidding war for assets around the world. Their movement of hundreds of billions of $ from cash reserves (US bonds) into the global equity will probably fund a nice stock market run, sometime after 2010. As for them profiting from slave labor, we in the US and Europe have also profited massively. Every consumer around the world has benefited by the lower cost of consumer goods because China has been able to be the world s low-cost volume producer. To appreciate the dollar, to keep their currency artificially low against the US Dollar. That makes their exports cheaper. The only reason that China cannot use its huge foreign exchange reserves as productive capital is that it does not want to import more than it currently does. Had China wanted its poor to eat and drink imported and enjoy travel abroad, China cannot spend the foreign money she earns through exports, China would have not to keep huge suroluses. If consumptiuon does not grow, how will investment requirement increases. China s economic success has been subsidized by the USA. We have paid good money for access to their virtual slave labor. In return, China has made sure that we have access to cash when needed. It s basically our own cash coming back to us. China knows that it needs American technology and American money in order to move forward. That s why it keeps trying to steal our technology. So China keeps us happy so that we don t cut them off. You scratch my back...etc. As for the infrastructure: the Chinese still do not have that much money considering their large population. To Westernize the entire infrastructure would be impossible. So they pick their spots. They have made some cities like Shanghai fairly modern and clean. This has allowed them to attract a great deal of foreign investment. Also, the politics of the Communist party do not allow for things to happen quickly, such as construction projects in out of the way places. Communist regimes are far more corrupt than our own system.
Day Trading Forex Currency Pairs in The UK ? -
Which foreign currency pair markets overlap between the hours of 7pm and 12pm GMT therefore giving good volatility and opportuntity ? Hi The USA and European markets overlap between 5am amp; 9am Eastern Time and the Euro amp; Asian between 11pm amp; 1am eastern. It is usually the busiest time and best to trade. This is great time to trade Forex market when the over lapping periods
Tuesday, January 23, 2007
What its the Forex? and its true that you can make money on it? -
Am looking forward to build a secure invest on the internet and i hope somebody helps me..... Forex or foreign exchange is the simultaneous buying of one currency and selling of another. The currencies are traded through a broker or dealer and are made in currency pairs. Some popular trading pairs are the Euro / US dollar, Japanese Yen / US dollar or US dollar / British Pound. It is true that you can make money with forex however it must be said that only about 5 per cent of small time traders are successful. That does not mean you cannot be a success. Use practice accounts for as long as you can and don t rush in thinking you will make money. Forex is the short name for - Foreign (Currency) Exchange. You can trade world currencies just like you can buy and sell stocks. Most investors don t start out trading the Forex. They first learn to trade stocks. Wow.... the answers you ve received are, for the most part, stupid or ill informed. Forex (FX) is the trading of currency through brokers (on-line) who have succeeded in marketing this as an quot;anyonequot; can do it investing. What they don t tell you is that 96% of all new traders lose most to all of their accounts in a short period of time. If you re really interested... Take a year or two to understand FX and the skills needed to suceed. Consider yourself warned.................. Yes, the Forex is the biggest market in the world. It stands for Foreign Exchange Market Read more here: http://en.wikipedia.org/wiki/Foreign_exc... Yes you can make money in the forex market and you can also loose a lot of money. If your just getting into fx trading education is a must, check out http://www.babypips.com to get a better understanding and overview of the market. You ll also want to consider using a trading strategy that limits the volatility in your account, check out this article at Gather for some good information about an effective hedge strategy: http://www.gather.com/viewArticle.jsp?ar... I know Forex. I have been taking the 30-day practice version. Its quite easy but confusing. I have a little knowledge on Forex, especially my father who is now using the Live Version. It depends on how you play it. You play it smart, you earn it. :D If you want to try other home business, you can try this too... http://www.slashmysearch.com/earn/id/340... This website is cool. I am still searching for more... :D Good Luck with Forex. Foreign Currency Exchange (Forex) where you buy foreign currency for less and sell it at higher exchange rate and earn profit. It is a risky business but with experience and proper knowlege you may be able to earn a living out of this. That sound interesting. I m looking for it too. Since i found that it is not easy to make money online.
What are the US FEDERAL TAX advantages of trading the FOREX market thru a company located in Switzerland?? -
I bet you are thinking... hmm... maybe I can escape from paying some tax? I don t think so... as a US citizen you are obliged to pay tax whereever you make your money. Unless you make a company offshore.. another legal entity and set it up so you are an employee... etc etc.. None, no matter what the company you re interested in says.
To trade in the Forex Market professionally do you need to be registered with the NFA? -
I have different sources tell me yes and no. I know a lot of new bylaws have been passed to govern the Forex market and the people who trade in it. But for the ordinary person that trades for forex for friends and family do you need to be registered? Are IB and Money Managers the same thing? Hi, Different countries have different laws. Generally speaking, if you re just trading for your friends and relatives, you probably don t need to be registered. However, if you re looking to trade professionally (on behalf with clients), then it s a more complicated matter. Hope this helps.
Monday, January 22, 2007
How Do i determine genuine on-line forex sites.? -
The best way I know to find out if a Forex website is genuine or not is to read reviews about it. You can read reviews on plenty of websites on: http://www.forextopten.com/ http://www.forexbastards.com/ Check by NFA Corporate History OANDA was founded upon the belief that technology, primarily the Internet, would have a significant impact on the quot;globalizationquot; of the worldwide marketplace and, henceforth, a significant impact on the demand for currency-related products and services. The Company, a Delaware corporation, was established in 1996 and is headquartered in New York City, USA with operations in Toronto, Canada and Zurich, Switzerland. OANDA is a registered Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA ID #0325821). OANDA was co-founded by Dr. Michael Stumm, a professor of Computer Engineering at the University of Toronto, and Dr. Richard Olsen of The Olsen Ltd., a leading econometric research and development firm. Go to www.forexbastards.com This site is run by a guy who claims that MB Trading is the only non-bucket shop he s found online. He doesn t seem to like their interface, but he does like that they are not betting against him on every trade. www.forex.com if it s a link from that site, it s legitimate. Just use www.iforex.com and gtforex.com and you will be okay.... Did you ever think of joining an assured income in forex? Hi, Here are 2 articles that can help you avoid scams... 1)http://ezinearticles.com/?Forex-Trading-... 2)http://ezinearticles.com/?Online-Forex-T... Hope I ve been able to help. You may also like to download my 26-page guide at http://forexsystemprofits.com/ http://www.forex-ratings.com/
Where can I find a beginners guide to trading in the Forex market? -
I am new to the Forex market and I am very interested in the potiential that it has to offer. I am trying to weed through all the nonsense and not become overwhelmed with all the info out there. Does anyone have some guidance on this subject and can you give me some pointers that may help me out of the gate. Any information on this would be greatly appreciated. The particular website linked at the bottom specializes in giving novice/beginner forex-traders helpful fundamental information regarding large and detailed introductions on foreign exchange, forex-trading tips, concepts, fraud warning info, trading safety info and also excellent, detailed information on the Major currencies of the world and the Central Banks that go with it. There is also an article written especially for novice traders, where a more advanced trader is writing about his experiences in forex-trading during one day. All these articles are for novices and beginners, but the very first link at the top of the list below is especially written for novices. On the home-page of the website, it will show the latest news on economies and forextrading and may help you while you trade. I find this site particularly helpful since im still learning too! hope this helps! I’ve been using the FreedomRocks system and have came across a lot of posts on various forums and wanted to share my personal experience. First of all the system takes the guesswork and emotion out of trading on the Forex market. It’s a proprietary system that does 95% of the work and takes a few minutes per day to manage. As we all know even experienced Forex traders can make big mistakes and most people end up loosing all of the money that they invest within the first couple of months. Unlike most forex programs FreedomRocks is not attempting to guess which way the market is going to move because quite frankly no one can predict that and that’s why the majority fail. Let me emphasize that this is a long term investment strategy and not a get rich quick program. It’s a very simple and easy system to understand and I’ve never seen any other program where someone with no prior trading experience could invest in the market and actually be profitable. The FreedomRocks system represents a complete paradigm shift from traditional Forex investment practices: - The automated system does the trading for you -No charts, no graphs and no more Guesswork -Spend only 20 minutes per week managing your account -Structures your trading: Buy Low/ Sell High - Allows you to collect daily interest on leveraged money -100% control over your money I believe that this is the best system for trading on the Forex but of course I don’t expect anyone to take my word. I would encourage anyone looking for a smart way to trade in the market to take advantage of the 15-Day free trial so they can experience for themselves how it works. For More information check out: www.wiseforexinvestor.com * I’ve also created a worksheet to assist people in setting up their account using the system so if anyone be interested I would be more than happy to share it. Best Regards, Rex White 503-922-1475 rexwhite@wiseforexinvestor.com I have read some forum posts on this topic in the past. Though I have no personal experience with it, the system I ve seen most consistently recommended is the Profitable Trend system. They offer a free mini-course and a money-back guarantee on their main system. I know the anxiety you must feel. There is so much out there to learn about the Forex in order to trade traditionally. Before I was introduced to the Forex I barely even knew what it was all about. I was then introduced to a revolutionary forex trading system, which has been levelling the trading playing field. It s called FreedomRocks. I looked into it a bit, tried their free demo, and have been investing in the Forex ever since. The reason it is revoltionary is because it does 95% of the work, it eliminates all guesswork, and it only takes about 20-30 minutes PER WEEK to manage an account of any size. There is a product video at www.simple4xinvesting.com Please feel free to call or email me at anytime as I love sharing my experience using this system with others! Best Regards Chris Thomas 1-541-255-2647 ctppl541@yahoo.com Try this site : http://www.geocities.com/lcming/Forexboo... I too am exploring the Forex market - try this (forex factory). I recommend to all my clients that are just starting out to go to http://www.babypips.com They present the info in a very user friendly way and you will be surprised how much you learn in a short period of time. Good luck in your Forex adventures. Let me know if you need any help. Paul pupp52@yahoo.com With you just starting out with forex I would suggest that you get yourself a system to work with and then get a demo account for one of the major forex players like forex.com. When I started out I did a bit of reading, did a couple of trades with my demo account and made a nice profit, ony to see the wiped out by some bad decisions. It was at this point I discovered http://www.faqata.com/url/forex-trading-... and using this system in the demo account I couldnt believe how well I was doing, believe me you will be moving to a full forex trading account before you know it using this system.
Why does the pip difference change in forex market? -
i m new to the forex market, and i noticed over many days that the difference between the pips of USD/JPY is different on some days. usually the difference between pips is 2 and some days its 4 or 5. why does that happen? In the United States, the FOREX market is a dealer market. If customers are taking all of the risk, then the pip difference can be small, but if dealers have to put their own money up, they will put a spread in the pips so they are not taking any risk in the transaction, the entire risk falls on the customers. It gives you a signal as to how liquid the market currently is. Do note that in the United States, a FOREX dealer can quote any amount they wish without limitation. If a pip change could trigger a profitable margin call, they have been known to do that just for the commissions and to balance their risk book. That depends on the broker. You must be looking at the rates through different brokers sites, There is a wise way to look at trading foreign currencies. Learn how ordinary people can make extraordinary incomes with FREE ACCESS to a unique foreign currency trading system at http://www.homebusiness-opportunityseeke...
Sunday, January 21, 2007
Anyone have any tips or tricks for playing well on the Forex? -
It s actually hilarious, that I analyse the charts, read the commentary and follow the news, yet EVERY time I open a position, the currencies go the other way. Any tips? Learn stochastic calculus and maths modelization first. It s your only way to making consistent profit on the FX. Charts are a great way to quot;learnquot; except they have no PREDICTIVE value whatsoever... sounds familiar? ;) The main tip is to manage your risk. That is the only thing that separates the amateur to a professional trader. Any amount of maths can t help you. If there was a magic formula, someone would have made infinite dollars already by predicting and forecasting the markets. All those ebooks and programs claiming super profits do work - but not consistently and regularly. Thay only draw in the greedy with their claims of making thousands of dollars in minutes. Trading professionally is an art of consistency not quick profits. It is true what you say how when you do open a position - and it goes against you - it happens to the best of us. This is where your risk management plan - your stop loss comes into play. Understand trends and go with the longer trend - longer time scale for your trades. Short term trades require more discipline in executing your exit as well as wisdom in knowing the markets. read the charts, and know what your risk/reward ratio is before you enter into a trade. Nine out of ten investors that try FOREX fail. Successful traders lose 7 out of 10 trades. Some keys to success; Stick by a quot;risk / rewardquot; ratio that you re comfortable with. Set stops and limits (to start) to secure profits (at the right ratio) and limit losses. What do you mean by read charts. If it means quot;....it looks like it s going up...quot; you don t know how to read charts. Do you understand trends? Are you using three or more ways to identify a good trade? There are no tips in the currency market. I lost some $$$ trying to figure it out. Now I m taking 6 months to a year to really learn amp; understand this market. There are some very good books out there amp; on-line courses (TIP s will lose you money, work hard and this will work)..... They offer workshops and seminars for a fee. Before taking action maybe you should try a few mock trades. Also when you analyze and conclude, what is your time horizon? I m sure you know already that the longer the time horizon lessens your speculative risk. Before you take part with currency trading, have you experience with equity trading? If not, maybe you could start from there and work your way to currencies because it is a lot more volatile than equity.
Is there an automated Forex trading program that automatically executes arbitrage opportunities? -
I am picturing a quot;set it and forget itquot; program that constantly calculates the value of complex currency cycles and automatically executes an arbitrage trade when one becomes available. I understand the window of opportunity on such trades would be very short, is it even possible? There are programs that do this. However, there is a very low profit margin and commissions will eat up more than you make unless you have a very low commission rate. Usually only brokerage houses can do this arbitrage as they have the lowest commission rates because they act as their own brokers. Absolutely I have been using FreedomRocks now for about five months. It s incredible. It does 95% of the work, we only trade four major currency pairs, and it only takes about 20-30 minutes per week to manage an account. It operates on a hedge strategy thus greatly reducing our risk. For more information check out www.simple4xinvesting.com I think this is exactly what you are looking for. That would be interesting. Check out Forex Signals maybe it comes close. http://www.geocities.com/lcming/Forexsig...
How much money do i need just to be able to enter the forex trading market? -
Im not that rich.I just heard it could be possible to enter Forfex by 100 to 200 American dollars.Can i do it by that money? Im just a student so please don t start mucking.Just tell me yes or not.If not, how much will it be? Hi, Most brokers allow you to open 3 types of accounts-Mini, Standard and premium With mini accounts you can open an account for as small as capital as $250.Other accounts need heavier initial investment. Your best bet will be to trade on demo accounts first before going live. Hope this helps! As little as $50, using FXCM, sorry, $25, but don t expect to make much money that way... That s how I started for fun http://www.fxcm.com/ $1,000,000,000,000,000,000
How Can I Get Reliable Forex Signals Providers? -
I will like to know how i can get relaible forex trading signals? I ve been scammed by many of the so called gurus in this field. I would suggest you stay away from anything that is sold on clickbank that relates to forex. I have tried some of these things that promise to make you thousands just by turning on your computer. They all turned out to be pieces of garbage. I don t even want to add up what they all cost my in losses and what I paid for them. The best education you can get is on your own. Visit some forums and other sites and learn about it before you put your hard earned money at risk. There are good systems out there that actually do what they say they are going to do. I also suggest trying everything out on a demo account first so that you can see what you are getting into. I tried to learn on the fly and it ended up costing me money and a lot of stress. Always work the kinks out before you go live with the trading. It makes life much easier. Hey, The forex industry is notorious for scams and I feel your pain - I ve been burnt on several occssions! I use a quot;forex robotquot; called quot;Forex Autopilotquot; which is pretty popular. I basically just switch my computer on, open up the program and it finds good signals for me. I only have to verify the trades it suggests! I found a great review at http://www.fxsystemscompared.com/rev_for... - they take customer reviews and comments from all around the web so it s totally unbiased. Hope this helps? I have tried various forex signal providers and services but now I find that it is much better to generate my own forex trade signals. I use Forex Killer as a forex trade signal generating program and once I feed my data, I get the signals. The forex signals are pretty good so far and I prefer this to automated software programs. I ve been scammed by these auto programs before and I think most of them if not all are junk. Definitely stay away from the ones that are stationed up at a clickbank site also, as there seems to be a new one every week. But this is key, practice demo trading first or you risk losing your hard earned money. You can either find that out now or the hard way when you lose it. If someone would have told me that when I first started, I would have been so grateful because I ve lost my share of money believing in junk. Good luck! The problem with these things is that they are all hyped the same way, except some work, and some don t. Forex Automoney is decent. It lets you trade on 18 different currency pairs and has 3 different signal strategies to choose from. The trial is like $5, so you can give it a go, and if you don t like it, cancel.
How are FOREX managed accounts doing? -
My brother is investing on a managed account and has been doing very well, wich has me thinking about putting some money in there. Any recommendations? I never saw a Forex managed account which wasn t a scam. So I prefer to invest my money on my own. Yes...DON T DO IT
How are forex ratios developed? -
Please describe step-by-step process or direct me to some resources. Where exactly do the ratios come from we can find in the newspapers? TO get started.... you need a free software to download and it is freely available at http://www.new-forex-trading.blogspot.co... to find informations look here http://c0000l.com/?cat=62
Trading The Forex Withtout Using Stop Loss? -
How can I trade the forex market withtout using the stop loss order? Will it damaged my account if I don t use this tool? You definitely CAN, but the question is whether you SHOULD trade forex without a stop loss. Stop loss is a mechanism to protect yourself. If you don t use stop loss, make sure you stay at your computer whenever you have open trades or else you might come back the next day to see that there was a margin call! Stop loss is recommended, but there is no one to stop you from not using it. It will probably damage your account. Well I too face this problem when I am starting forex trading. So I will like to recommend one blog that will explain step by step how you can get yourself going. To answer your question you can never trade the forex market wihtout using stop loss order,and if you don t use it you will come out with your finger burn seriously. But go to http://quickforexpips.blogspot.com/.You will be gald you did. It won t damage your account, but it might damage your wallet! Be careful and make sure you want to take the risk. At the site you trade on I would suggest going to the help or contact section because different places have different ways of doing things. Stop loss of some sort is always necessary if you are trading regularly. If you want to hit big and take a gamble then it s fine without stop loss. You could lose allot of money if you don t use a stop loss.If you at your computer then I suppose it would be ok.IMO its very dangerous to trade without a stop loss.
How can i learn forex trading? -
i wil like to know how to trade in forex and where to learn it for free. This is just an introduction of the many articles in the website www.forextradinghq.com This is just an intro of the article, go the links below to read the other helpful and free articles, which have assisted me in learning the fundamentals of forex-trading. This is a proper introduction to foreign exchange for everyone who misunderstood that term. The Australian foreign exchange market can be considered as the next big thing in investment. Over these years, Australian investors have become more active in chasing their investment goals. Australian’s are more likely to hold direct shares than in previous years and Australian Stock Exchange (ASX) shareholder surveys have shown a higher level of direct share ownership. Equity derivatives in the market like options, warrants and contracts for difference have become more familiar with the Australian public, with Options traded on the ASX showing running record levels over the past years with growth in activity coming from retail investors. We are also trading in international equity markets, purchasing highly sophisticated structured equity products and moving into the stage of credit derivatives through collateralized debt obligations (CDOs). We have also have a growing attitude for greater risk where Gearing has become standard feature in the financial planning process; market lenders have reported that their loan books have been rising at more than 20 percent every year. There is alot of free information available to learn how to trade Forex. My first advice is to not get all the free info you can before sinking any money into your Forex education. Once you get to the point that you have a basic understanding of the market and the nuances I would suggest opening a free practice account and experience for yourself how the market acts and more importantly how your mind and emotions act. Besides gaining an understanding of the marketplace the first two areas to master are money management and emotional management. The two forces that will keep most people from being successful at Forex are improper money management...throwing good money after bad, and the inability to control greed, fear and indecisiveness. Here are a couple of resources that have saved me a ton of money. I would suggest that you check out the reviews at http://www.forexbastards.com/education_r... I would also suggest you watch and learn from an experienced, successful, professional trader. Personally I was happy that I found fxbootcamp. You can check out Wayne in action for free at http://www.squidoo.com/fxbootcamp Lastly, I am currently assembling a Trading Team to participate in a free trial evaluating some interesting Forex strategies. If you have an interest drop me a line at pupp52@yahoo.com. Best wishes for a successful and prosperous 2007. Paul www.teampip.com
I have just gotten into forex trading and started a practice account with forex.com.? -
I have made $55,000 dollars starting with a $50,000 dollar account. Beginners luck? I am really worried that it is so I m going to start a real account with the minimum deposit of $250. Has anyone else had experiences like this; is it really so simple? Since you are only starting small, I see no harm as you have at least familiarized yourself with forex trading. But generally the amount is too small unless you make at the beginning. Forex trades are never consistent and you can have dry spells. You might want to hold that thought, forex trading is risky business. $250 dollars is nowhere near enough to run a successful account. www.babypips.com is good site to go and read over, you ll find out that its not that easy. Forex is a huge speculative market, and remember: if you can make 55,000 in a day, then you can lose 55,000 in a day. If you re unsure about how you made that much money, chances are that it s due to luck. A good piece of advice is to keep on demo trading for at least 3 months to gauge your profit consistency. If after 3 months you re still doing well, you might consider starting a live mini (or micro) account to trade with. Hope this helps! Paper Trading is not real trading. First off there is no quot;stopquot; hunting in paper trading. Pscologically paper trading is not real. It can be used to practice ideas...... but it can never be used as an absolute indication of your potential returns. If it was so easy....... how come 95% of new traders fail within a few short months? If it was so easy........ wouldn t everyone be doing it? yes it sometimes is most of the time thru over leveraging - what a pro never does as it might wipe you out with next trade so you might think of having your account managed. check www.fx-forex.com
What is the least amount of time you can pull your funds out of a forex account? -
If you mean exiting a position, it is when you issue the directive but pulling out from a broker it depends with the brokers policy. Visit http://www.forex-succeed.com/Forex-tradi... or any other page in this site could be helpful.
Whatamp;#39;s the best site to trade Forex in ? -
Please help, I have started with Demo account, It seems easy but still not sure with which site to invest You have a demo account with which broker? If you are small investor higher leverage brokers such as FXSOL (400:1) or InterbankFX (200:1), FXDD or Velocity4x may be for you. For a larger investor, FXCM or a big broker/dealer may be better for you. InterbankFX also allows you to use trading robots (i.e. software programs) to trade for you. That being said, it is best to learn technical analysis (read some good books by seasoned marketers) and study the markets using your demo account for a minimum of 2 months or longer before you begin risking cash on a real account. As someone on this thread said, it is risky but the risk to reward ratio is much higher in FOREX because of the leverage. I have alot of forex articles on my website that you may be interested in reading (you can download them all for free) before you risk any money in the forex market. Remember trade with your demo account until you know your way around the market. Then prepare to make a killing. I have put the articles link in the source below. Best of luck in trading. When I first started I blew out a $1000 account because I was too greedy and in a hurry to make the big bucks. Since then I have invested a considerable amount of time learning all of the skills, watching the market and slowing down in my trading and now I am average about 20% per month. So first and foremost, investing in yourself to gain the skills and tools you need to be successful as well as good money management are more critical than the broker you choose. (although you should pick a larger reputable broker as mentioned above) www.huttoinvestmentgroup.com/forexarti... Hi, I am a dealer in Dubai and our company is the first company to deal in forex and futures in whole of middle east.we also provide softwares for trading in forex For any further query you can contact me at ttabrezs@yahoo.com I would suggest you to check the website below where top Forex trading programs have been reviewed. You can follow their suggestion and it should help you in understanding Forex to make profit. Hope it helps http://money-review-site.com/investment.... Take a look at the link below. Just a thought for you. Have you had any investment experience before??? If you are not a sophisticated investor (someone very knowledgeable about market and with a high net worth) stay out of the futures markets...YOU WILL LOSE YOUR SHIRT. FOREX and other futures markets are not for amateurs.
Saturday, January 20, 2007
What exactly is a Forex Signal? -
I am beginning to learn about Forex Trading. I heard people talk about if there is a good signal you can make money from it. Or create their own signal stuff like that What exactly is a signal they are talking about? Thanks! Simply put, a forex signal is generated by a set of technical indicators used in forex trading (MACD, RSI, MA,..)which will give you a buy or sell recommendation. A simple forex signal could be: I want to buy a currency pair if the 5 exponential moving average crosses the 50 simple moving average from below. If this conditions is met, I m going to buy that currency pair. That s how most forex signals are generated. Hope this helps. The best way I can describe it is that it s a recommendation to buy or sell when you analyze your data in a certain way. There are forex signal services you can subscribe to that will tell you when they happen for your criteria. I know I did not word that as clear as I wanted to , but you can check out the site that has been a big help to me for understanding forex. I hope it helps. http://www.information-pro.com/currency-... You can get alerts sent to desktop, cell phones, blackberries, or email from alot of brokers. The types of alerts are for indicator intersections like moving average crosses, or price alarms. I use free price alarms on my desktop almost every day. It wakes me up at 3 am sometimes in the Euro sesssion but thats fine with me I can disable it if I want to sleep or wake up and potentially enter a trade. good trading mark mc donnell www.forexearlywarning.com Hi As the other answer says a signal is some sort of indicator of change - that a price movement is likely one way or the other. Signals can also refer to tips or recommendations given by services or software that specialize in such things. Buy euros now at 1.1901 . Those signals are delivered in any number of ways, by email, SMS text message to a cell phone, IM message and so on. Some are no more than flashing text and/or icons on trading software. The software contains in-built algorithms that use the methods of technical analysis, combines it with current market data and generates a signal. An example of a technical signal, for example - the MACD (Moving Average Convergence/Divergence). Without going into details here, it uses the moving average - the change in an average price over time. A signal can be generated when the value of MACD crosses above (or below) a certain threshold. Buy when it moves above the line, sell when it falls below. There are many types of signal indicator and as with so many investment subjects signals - or technical analysis as the overall subject is generally called - has it s devotees and knockers. My opinion is that in forex signals can be very useful once you re clued up on them and what they mean, especially in a fast moving trade situation - which forex almost always is. As with any trading tool, it has to be used intelligently in order to avoid disasters. Entirely automating your buys and sells can amount to automatically losing money. Using a signal service can make your life easier, but never abandon your investments entirely to an automated service. I ve recently started a blog on forex (link below) which includes some articles and links to further sources e.g, http://www.forex-master-trader.info/ which is a site offering a free forex basics course as well as a paid product. Hope this helps and good luck making money :-)
What is the minimum amount to invest in forex (foreign exchange)? -
how much cost to open a forex account amp; what is the minimum amount to invest in forex Hi there, Thats exactly it depends on broker to broker..... my broker Finexo offers live trading account with just $25 with a leverage of 200:1. While some other offers live account at $100 etc. There is no cost involved in opening forex account but i would suggest you to clear things with your broker as sometimes deposit and withdrawal is also charges in many accounts. Regards
Which one is the best forex signal software to use in forex trading? -
about forex trading because lot of traders like beginers using software signals that gives buy and sell method Here is an excellent site that offers suggestions to software and security. http://www.estocktrades.info I have been trading forex for many years now and I believe without a shadow of doubt that the best forex trading platform is easy-forex. It simply is the best, I have tried many others, even left easy-forex at times but I always end up coming back. Its good for many reasons, a few of them are as follows: -Start trading with as little as US$50 No hidden costs, Competitive spreads -Credit Card use for instant Deposit Special Terms for frequent traders -Guaranteed Stop-Loss Rate No download of software -Freeze the Rate you see (Freezeamp;Trade) Live Quotes, real-time You could register for an account here: http://www.easy-forex-uk.com/ Theres a lot of them and i think reviews are very helpful to see how it worked for others. I found this one that might help: http://forex-killerpipsreview.blogspot.c... Hope it helps! Focus more on fundamentals than technical analysis. Economic news analysis is what moves the markets. Here is a free site that shows what has happened after economic news releases: http://www.forexnewspatterns.com Listen, There are many automated forex trading expert advisors but the best i use is forex tracer . you can download it from : http://www.ForexTracers.com For Detailed Review and Get your Bonus check : http://www.squidoo.com/forextracer-revie... I think this is what you re looking for http://technicalanalysisforex.com I don t like autopilot kind of software for forex trading. So for me I have been using Forex Killer which I found very useful. I use it to generate trading signals which have made me some profits in the last few months. It is specially useful for me to confirm trades that I want to take. Much easier than scrutinizing my charts. My husband just bought NetPicks and loves it. Check it out, http://www.netpicks.com ... You can also test it out before you buy it but I am sure you are gonna like it:) i use the one below, practice your heart out with this software on their demo account before you trade for real,
How to use Forex Strategy Builder !? -
I have successfully installed Forex Strategy Builder but I have not idea how to use the software to test my strategies, in terms of how to make the simulated market work, how to place buy and sell orders, and how to add and remove indicators. I have tried using the help tool that came with the software but it just explains what everything is, it does not show me how to use the software. I need to know how to use it. Any help would be most appreciated. Thanks. I use a system called quot;forex autopilotquot;. It s very good and there s a nice review for it at http://www.fxsystemscompared.com
Is online auto forex trading safe? -
I ve been trading for a while and had a remarkable profit 30%+ only in October where other financial markets collapsed. Will this be a once in a life time or will it happening again in the following months to come? risk and safety are on opposite sides of the investment spectrum. You got lucky and had good timing. One can not expect to sustain theses returns over time. Sorry, no one is that good. 1st --- Congrats ... that s a solid return. This, of course, is a matter of opinion. How can anyone know for sure? With that said though ... yes, you ve not seen the last of this kind of volitility. There s plenty of opportunity to earn a lot in the months to come. Take a quick look at a chart ... almost any of the indexes ... when the market hits a bottom ... whammo ... it flys right back up quickly. As this market continues to go downward ... watch when you see a new low ... it rebounds big ... time for you to catch the move! You can simply visit www.cnbc.com and see all the reports of volitility and any financial news source to back up what I m saying about big market movement. Just don t listen to their advice! Trade smart ... not often. that s remarkable indeed. if you had followed closely your strategies, you should be doing well in your future trades. keep it up!
Friday, January 19, 2007
Would you tell me the best forex trading system and what is your experience with that system?.Does it work? -
I made many errors in my forex trading,losing thousands dollar and almost frustated.But i will not give up,except you suggest otherwise Depends on the trading strategy..The one which is very populer is break of support or resistance level..In that buy when resistance is broken or sell when support is brooken http://the-forex-trading.blogspot.com i found a site that actually pays you money for asking and answering questions all you need to do is sign up and start posting away they actually pay out, all u need is a paypal accont which is free and easy to set up and they will send you the money you earn from the posts you put up and answer.. now this wount get you rich but you can earn a few extra hundred a month.. not bad if your 16 or need a bit of cash go to http://www.mylot.com/?ref=helpapal... and try it now.. its free you wount be asked to pay for anything and it isent a scam, its basicly like answer yahoo except u get paid for it never pay for any sites if they claim you will make money thats simply a scam I use a program called FreedomRocks and it is absolutely awesome. FreedomRocks eliminates the guesswork. I manage a portfolio of $5,000 in no more than 30 minutes per week. I started a demo with the company, and after seeing a 34% return in a little less than a month I didn t wait a minute longer. My $5,000 has grown to $6,285.46 in about a week. The awesome thing about this program is I have no prior trading experience and I am turning significant gains. FreedomRocks is a very reputable company, it has joined hands with well known brokers, Global Trading System, Global Forex Trading, and One World Forex. You can go to www.simple4xinvesting.com to view a video or start a demo for yourself. I would love to help you or anyone setup the system so feel free to call me anytime. Best Regards Chris Thomas 541-554-8140 www.simple4xinvesting.com I am a very experienced options trader and FOREX just does not fit with me. I never could make money in FOREX. Sorry
Is there any harm in too many transactions in forex trading? -
On Forex comission fees are free, however when you re trading you re paying the spread. Consider for example that you re trading EUR/USD and the spread is 2 pips. If for example you buy and exit this currency pair 5 times in a day, you ll be paying your broker 20 pips. If you buy and sell it 10 times, you ll be paying 40 pips. The more you trade the more your broker makes money. So the more you trade, the more difficult it gets for you to make money.
Is online forex trading for individuals is legal in india? -
if legal,anu permission is required from reserve bank of india? Yes it is. As far as I know, you can trade it from any country in the world. You don t need any permissions from reserve bank of India to trade forex, unless you wish to do trading through that bank (if that is even possible). If you select some online broker, you just need to deposit funds in your online account with your credit card, or Paypal and do trading. You can also withdraw your funds through Paypal. Your bank won t even care where you spent your money, or from where you even got it. Hope this helps! Regards, yes sir Yes, icici and Deutche bank india is offering their service in india. nothing required. to open account other than pan voter id etc. Yes, online forex trading allows you to trade currencies from anywhere in the world. The only question is whether you can withdraw your profits from Indian banks. markets are failing,free fall sell off CURRENCY TRADING. DEAR SIR, I WILL TEACH YOU CURRENCY TRADING AND I WILL HELP YOU TO MAKE DAILY $500. IF YOU NEED MORE DETAILS PLEASE CONTACH ME. HARI NAMBIAR hari_fxtrendz@yahoo.co.in
Thursday, January 18, 2007
Where do I download free detailed forex videos on the web? -
You can visit http://www.extractyoutube.com/, look for a video and download it. Try out these forex websites, you will find a resource of useful forex videos with the tutorials. http://www.forexfreedownload.com http://www.forextradingsystemfree.info http://www.youtube.com http://www.metacafe.com Good luck Check out some of the services offering expert advisors. Most of the time, they also offer free Forex information, including videos and ebooks. There s a lot of forex trading videos on youtube. You will have to sift through a lot of junk to find the few that are really helpful. You can get a free step-by-step guide at http://www.forexfromscratch.com www.channelsurf.com
What are the best lessions to take in other to beginning forex trading? -
As a novice what does it require to know about forex before you begin trading. The first thing you should do is get familiar about basics of forex trading. You can find a lot of free information online about forex as well as buy some forex trading course (like Peter Bain s). The next step is to start virtual trading. Virtual trading does not require any money from you and it is a great way to experience forex trading without any risk on your part. Practice with virtual trading for a few months and you will know whether you are capable of making any money from forex, or not. When you become confident enough, you may start real trading. Good luck! The best lesson to learn about Forex trading when you have no experience is not to do it. Otherwise you are guessing and gambling. Bot of these strategies are not the best idea. I would never enter a business where I am at a serious disadvantage compared to other professionals, and governments. -- 19 years in the financial markets and still won t do currency trading. Forex is a very volatile market and is a very risky investment. You need to get the most information you can get and learn all you need to know before you try to get involve in it. I can best recommend to you this site. Being one of the leaders in forex trading, this is a very legitimate, trusted and reliable site. One unique feature of this site is whether you are a beginner or an experienced trader, they will provide an Account Service manager to be your personal consultant who will serve as your mentor and trading partner, will answer all your technical questions and with whom you can talk live over the phone, email, chat or any form of communication available. Register for a start and downlad a Free Forex Ebook. You must read and learn all you need to learn from the book. You can even get a Free Demo account so you can practice virtual trading before you get in to the actual business itself. The Forex (currency exchange trading) industry is the biggest market on earth today, with a daily turnover of 3 trillion dollars! Anyone today can trade Forex online. From this site you can download Complete Forex manual with detailed examples. I found this site is easy and right direction to start trading. Start with even $100!!! You don t have to know much if you use a proven system. I personally use Forex Funnel. The people there are knowledgeable and extremely helpful. http://allforexeveryday.com/forex-funnel... Good luck! You can learn a great deal for free from http://www.dailyfx.com/. I would start by learning the economic ramifications of Australia. You can start trading the currency against the US dollar by using the ETF FXA. This way you won’t blow up your account right away. You should also learn technical analysis and you can do that at http://www.prophet.net/. You can learn all kinds of good stuff at http://investopedia.com/. Oh, but I guess your question was what do you need to know before trading. The less you know the more they will love you. The more you learn the less they will love you. The more you know the farther away from forex trading you will move. Educate yourself. Buy a couple books on currency trading and open a Demo account online. There are numerous sites. Look for one with a good education center, and practice. Discipline and patience. E-mail me and I ll tell ya what I m doing. Crawl, Walk, Run. Sen. Clay Davis - The Wire There are big money traders that are highly trained, have educations from the best schools, highly experienced, have access to data you don t even know about, and have enough capital to sink anyone. Those are the people you have to beat to make money. Good luck. As a basic members you need to try the demo account. Most forex web sits provide the demo account. And you need to know more information from books and articles. http://g3infotech.com/category/currency-... Good luck u can try this in the demo account . and u can trade oil ,gold, NASDAQ 100, DJ 30 , and many more .Forex trading . http://www.avafx.com/?tag=7777
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