Wednesday, March 28, 2007

Forex Trading Australia - Which Forex Trading Systems Do You Use? -

Looking for forex trading software reviews and recommendations from people in the know. I use Forex Tracer as my single-point forex trading system. It works seamlessly with my Metatrader 4 broker and is pretty good at spotting signals amp; creating trades. I work out of Melbourne, Australia as a forex trader. you may check on this site. this is one of the leaders in forex trading and have offices in Sydney and Melbourne. you can start trading for as low as $100 and can use your credit card to fund your account. they offer 24-hr commission-free trading in 14+ currency pairs on a web-based trading platform that requires no download or installation. they even provide a personal Account Service Manager for you to discuss live over the phone, email or chat as you like to answer all your technical questions and will also trade with you to make sure you get familiar with their system. 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 Oanda and Interactive Brokers are the two main leaders for pros. Check out reviews and comments on elitetrader.com forex.com

Tuesday, March 27, 2007

Get answers from millions of real people.IN FOREX TRADE,WHAT DOES GOING LONG AND SHORT IMPLY? ? -

FOREX IMPLIES FOREIGN EXCHANGE.IT IS A 24HOURS TRADE Long means buying or owning. Short means selling or owing. In forex you take a position in a currency pair and are long one and short the other and make or lose money as the relative value changes. Going long the pair AAA/BBB means that you think AAA will improve relative to BBB. Going short is the opposite. quot;LONGquot; means quot;BUYINGquot; quot;SHORTquot; means quot;SELLINGquot; Yes, Forex trades 24 Hours a day . Forex Trading Starts at Newzealand Morning time (9.30am) on every Monday. Forex Trading Closes at EST( New York time) evening time (5.00Pm) Friday.

How do you trade the forex market without indicators? -

Is there anyway to trade the forex market without any indicators. I have used all indicators, and they have brought my total disappointment, even with money management.Please help! The most important indicator in Forex is the price. Specially if you re trading on the short term. On the long term fundamentals take an important role. So if you don t want to use indicators, you don t have to use them. Money management is the most important part of trading. Even if you consider yourself good at money management, remember you can always get better. http://www.forex-autocash.com/ Forex Autocash has never lose a Forex Trade In The last 8 years and 8 months! Just imagine results like this: Zero Loser in the last 8 years and 8 months..And still winning! An Astonishing 50,000% Profit! 597 Consecutive Profitable Trades! And The Best Part? It All Ha Report Abuse Hi, I use personally long term signals. The result in my profit account is smashing. I recommend you www.forex-signals-4u.com to get long term signals. Hope the above helped. Go short on the US dollar until the war is over. Then buy because the dollar will come back. Oh crap is that an indicator? The problem with indicators is that they look good on paper but a blind backtest shows that they are just as much of a crapshoot as anything else. You need to spot a trend, get on it, and know when to get off. Research the Guppy Multiple Moving Average. Just google it. This is the best trend analysis tool I have ever come across. Revolutionized my trading.

Can you really make money trading the FOREX? Seems like a crapamp;#39;s shoot to me? -

I have recently gotten alot of OFFERS to learn to trade the FOREX with the guarentee of big profits with quot;NOquot; risk. Has anyone had real experiance with forex trading? You re right. It s a craps shoot. If you re lucky, you ll make money, most likely you ll loose. NEVER INVEST IN SOMETHING YOU DON T UNDERSTAND. from the http://www.cftc.gov/opa/enf98/opaforexa1... website: 2. Avoid Any Company that Predicts or Guarantees Large Profits Be extremely wary of companies that guarantee profits, or that tout extremely high performance. In many cases, those claims are false. The following are examples of statements that either are or most likely are fraudulent: quot;Whether the market moves up or down, in the currency market you will make a profit.quot; quot;Make $1000 per week, every weekquot; quot;We are out-performing 90% of domestic investments.quot; quot;The main advantage of the forex markets is that there is no bear market.quot; quot;We guarantee you will make at least a 30-40% rate of return within two months.quot; 3. Stay Away From Companies That Promise Little or No Financial Risk Be suspicious of companies that downplay risks or state that written risk disclosure statements are routine formalities imposed by the government. The currency futures and options markets are volatile and contain substantial risks for unsophisticated customers. The currency futures and options markets are not the place to put any funds that you cannot afford to lose. For example, retirement funds should not be used for currency trading. You can lose most or all of those funds very quickly trading foreign currency futures or options contracts. Therefore, beware of companies that make the following types of statements: quot;With a $10,000 deposit, the maximum you can lose is $200 to $250 per day.quot; quot;We promise to recover any losses you have.quot; quot;Your investment is secure.quot; I hope that helps. I have been quite active in the Forex market for over 4 years now. As mentioned above, any market place that has the quot;potentialquot; for high profits also exposes the participant to high risks and potential sizeable losses. There are certainly no guarantees in the Forex market and anyone who tells you otherwise is inexperienced or misinformed (or dishonest). There are conservative strategies that can be used in the Forex market that reduces associated risks and increases the potential for profits. There are a number of Forex traders that are quite content with the potential to generate a consistent conservative monthly return exceeding what a bank would pay you in a YEAR. The key is to study the market. Only demo trade while you are learning the workings of the Forex market. Never invest with money that you cannot afford to lose. And use sound money management and emotional management techniques. It is possible to make money in the Forex market. Some of us actually make a very comfortable income by taking a conservative approach. You can make money, but you have to be educated, dedicated and know the risks. Here s a great article to help you understand: http://www.pfxglobal.com/index.php?optio...

What is a forex expert advisor? -

I have seen many ads on the internet that say something like this: We are offering you, 2 of our best sellers Expert Advisors, select 2 from the next list: SAFE NEWS EA or CORRELATION HEDGE EA or TRADE THE CABLE EA I want to kow what this is talking about, and what a forex expert advisor is? Thanks. First of all Bob needs to get his facts straight. Forex is NOT a futures market. Because it s highly leveraged like futures doesn t mean it s futures. Forex is the currency markets, where you trade a currency pair like the EUR/USD or USD/JPY. Is it risky? Yes. But so is driving. How many people get killed on American Highways everyday? Does that mean you should not drive? If you drive safely, defensively, and watch your speed, etc., then you greatly increase the chances of getting to your destination safely. Same thing with trading. It kills me when these people make general comments like that. Everything has an element of risk to it, but it doesn t mean you shouldn t do it. And FX used to be for the big boys only. Prior to the early 90 s if you wanted to trade FX, you needed a net worth of at least $10 million and an account minimum of $1 million. But, today you can open an account with as little as $100. Other things like stocks, options, futures, etc. you need to have at least $5,000 to open an account. Now to answer your question an Expert Advisor is basically an automated trading robot. It s just a system that s automated and will trade your account for you. Hope this helps. FOREX stands for foreign exchange. This is a futures market, that is very risky. If you don t know what it is, you definitely should stay out of it. This is a market for rich, sophisticated investors BEWARE, STAY AWAY An Expert Advisor (EA) is a small automated program or routine which will accomplish an activity for you. For example, a common EA is one that will calculate and enter pivot points for you by capturing the previous days High, Low and Close. One of my Trading Teams is currently evaluating an EA that was developed for us by Interbank FX. This EA will allow us to monitor our position values and automatically close all positions to capture a target profit that we have entered. For example, we use a correlated hedging strategy that is in constant motion. Let s say that we input a profit target of $1000. The EA will monitor our position values and automatically close all positions when $1000 profit is achieved. The thing that is awesome about this particular EA is that my positions are monitored 24 hours a day. Living on the west coast this allows me to capture moves in the Asian and London markets while I am asleep. I can assure you there is no better feeling than to wake up in the morning and see that you have already made $1000. It makes it quite easy to roll back in bed and catch some very peaceful sleep. There is an additional feature with the EA where I can have a Trailing Stop automatically in play where we can let our profits continue to climb and only close out when they retrace by a predetermined amount. This prevents us from bailing out too early while profits accumulate. If you would like to learn more or even join our current Trading Team just drop me a line. By the way our Trading Team uses demo accounts so you don t risk any money while you learn about our tools. Best wishes for a prosperous 2007. Paul http://www.teampip.com

Monday, March 26, 2007

Is it possible to make a living trading forex market? -

Hi, yes it is possible to make a living trading forex, but it is also possible to lose what you start with. I have been trading forex for around 11 years now, but in a quot;simulation / real time modequot;. That means that i trade forex in a practice account and use practice money, but with live trading conditions. You should open a free practice account, say with oanda.com first and spend several weeks operating a practice account. If you were considering trading forex via a broker... think very seriously about that!! You will get charged broker fees on every trade (usually $500) REGARDLESS if the trade loses money. Far better to learn the basics and trade your own monies yourself! You can open a full / live account from $1 upwards. Good luck!! Forex trading online can be risky thats why it s best to have some education before you invest. I ve been trading currencies online for about 2 years and it wasn t difficult to learn. I learn how to trade from online courses and Forex forums. Try going to http://forexlearnonline.com and use the promo codes for Sharebuilder. You ll get $25-$50 bonus to use for stock trading (basically practice money) to get you started. To answer your question yes it s possible but it can be highly risky! It is possible and quite enjoyable making a living from investing in the Forex market. You can participate in the Forex market from anywhere in the world so long as you have an internet access. There are also some interesting benefits in operating your Forex trading as a business and operating as a corporation. Good luck. Paul Hi there just send me a mail to, jaques606@yahoo.com, with quot;trading forexquot;, in the subject line, and i ll send you some info regarding this matter. Will reply asap.

Is permission required from Indian Govt to trade in forex.? -

Is permission required from Indian Govt to send $1000-$2000 to U S for Currency trading (forex), if yes from where and how to get it? And if investments earn profit and brought back to India do i have to pay any tax, if yes which tax and how much? In short what Indian law says if a citizen wants to send funds to U S company to trade in Forex and brings back earned profits. I am trading in Forex market in India with http://www.finexo.com/, which is a business partner of Denmark s Saxo Bank, with its headquarters located in Düsseldorf, Germany with huge US currency and never ever encountered any problem. Whatever i gain is credited in my Indian bank account through Finexo trading account. The tax is deducted at source and when profit is repatriated here the Indian government deducts it. I am not sure ... But i trade 2 months with automated Trading/Metatrader... and i see real money.. http://www.alebest.com (example) bye Yes

How do forex brokers make money on bid/ask price? -

if forex brokers charge no commissions, then how do they make money. how do they charge the traders money based on pip spreads or bid/ask price? It s the spread. They just add a couple more pips onto the spread that already exists in the market, usually between 1 and 4 pips. So really there is a commission, it s just built inot the price. There is no commission. They make their money on the spread. When you are dealing with a forex firm, they are not brokers taking your order to the market, like with stocks. They are dealers; they are the market. They quote prices at a level where half their customers will buy at the ask and half their customers will sell at the bid. They take the pips in the middle of each deal. OK. It never works out exactly half and half, so there is some risk and if there is a sudden move, they do get stuck with some exposure, but they get it close enough to keep profitable. Actually, the spread is not how brokers make there money. The broker dealers make their money by taking the customers trade and will make money on their losses. There is a big misconception about this topic and should be researched throughly.

Sunday, March 25, 2007

What are the average daily ranges of the major forex pairs? -

ActionForex.com might give you some useful data on the historical trading quotes http://www.actionforex.com/articles_libr...

Where can I find information which explains the different methods of plotting the FOREX graphs? -

www.netdania.com Check out http://www.geocities.com/lcming/ForexFor... Most trading sites will give you a tutorial of some sort. If your dont, check out FXCM site. And if you are looking for something more indepth, use Forex Mentor, a tutorial and system base on MACD, trendlines and Candlesticks. And books check out http://www.geocities.com/lcming/Forexboo...

Is there an online tutorial for learning Forex trading? -

I don t mean just a practice account; I mean something that actually guides you through the process, and explains what s going on, the terms used, etc. There are lots of free websites that teach you how this market works. Here are some of them: http://forexinblog.com/ http://www.freeforexebook.org/ http://www.forextopten.com/forex-article... you can study ForEx trading at these URLs http://www.tradingacademy.com/forexclass... http://www.babypips.com/school but one thing you re missing, is not about the tutorial, it s about getting the experience and no one would teach you that. you ll get this on your own. best of luck in your trading. I give personal and group classes that will actually guide you until you know enough to be a profitable trader. I am a real person so you can contact me about your specific needs. My contact inf is on my website http://sites.google.com/site/forextraini... . If you search for online tutorial for learning Forex trading you will be confused by search rusults by search engines. but you have to study some basic things... The standard learn arc to study how to gainfully trade forex is nearly twenty four months. What you want is to get from day one to the time you are every time getting money with the smallest amount defeat probable.there is some way First open a demo trading account by some website. trade such demo account pending you be familiar with amp; identify with at what time to trade n when not to trade.That define your trading way. Trade a little extra and well tune your trading way. When you be able to trade your demo account and be gainful 3 months in a line, then go for a live trading account with only $10. .................i have read more useful things in this site....http://forex-tradingtutorial.blogspot.co... BabyPips.com is a good place to start..... but,...... it will take you a year or more to understand quot;Technical Analysisquot; and the importance of good money management. You will need to start reading many books. This is not an easy venture, as so many would like you to believe. Money can be lost very quickly unless you ve really educated yourself and set up a system. There are automated Forex robots out there that virtually do all the work for you. They do provide information and walk you step by step on what is going on, just in case you want to manually trade. Check out my blog http://trade-forex-automatically.blogspo... You can also try this newly launched forex blog. It will cover forex fundamentals, fundamental analysis, technical analysis and trading strategies. It is presented with easy to understand point form guide. http://easy101forex.blogspot.com

Is it possible to make a living trading forex market? -

Yes it is possible to make a living trading the forex market. BUT it is very risky - and its only recommended for people who can accept taking (calculated) risks. As with the issue of getting rich from it, only a few have been able to accomplish this - many get burnt. Good Luck lots of millionaires and quite a few billionaires are there........... a lot of homework.................. It is possible to make a living trading forex however, keep in mind that not everyone is Warren Buffet....do your homework, use yahoo finance hypo illustration.

Saturday, March 24, 2007

Forex......? -

i want to work with forex, how can i earn 1000$ daily? It is possible to AVERAGE 1% profit each day. But there s one catch, you have to trade with $1million in your trading account. if u re in malaysia, u can visit this website..www.onesimplestrategy... provide Free Forex Class... Report Abuse There are people making around 50% a month trading forex...but to be consistenty profitable, you ve to be experience and disciplined...take a look at this website http://www.planetforex.co.cc/ info is given for newbies in a compact form yet important things are covered Report Abuse http://www.forex-autocash.com/ Forex Autocash has never lose a Forex Trade In The last 8 years and 8 months! Just imagine results like this: Zero Loser in the last 8 years and 8 months..And still winning! An Astonishing 50,000% Profit! 597 Consecutive Profitable Trades! And The Best Part? It All Ha Report Abuse This is a pretty useful FREE website where beginners can learn before quot;jumping inquot; to Forex trading: http://www.mgnetwork.org/ Report Abuse If you want to learn how to trade forex, you should attend a free forex introductory seminar. The class is offered as small in-class setting. The seminar is open to everyone and it is four weeks long-one session per week. Each session is about 2 to 3hours long. Each attendees will receive a free workbook. The next seminar begins at 10:00AM on Saturday, July 19, 2008. The location is 3435 Wilshire Blvd. Suite1103, Los Angeles, CA 90010 Seats are limited, you must call to make reservation. (213) 249-0255. Not easy or realistic!There are many forex courses caliaming that you can win tons of money everyday.Not true!Believe me! Forex is very risky and to earn 1000 US per day then you have to be a top forex trader,have great risk management and a good strategy that is foolproof. Very difficult! Hi, Are you experienced in forex before? If you are it is not a big deal to get $1000 daily... If you dont have experience also you can earn some money after learning it.. But it will take Sometime to earn $1000 daily.. Another thing is you have to invest really huge amount to get profit like this. You can follow my free system here Listen, It all depends on you, the more efforts and learning and harder work , the more your success. But if you don t get enough time and want $1000 , it s also not difficult , as there is some automated expert advisors which make you money on autopilot. The Best and most popular expert advisor is quot;Forex Tracerquot; as it made $335.000 last year . You can Check more details at : http://www.forextracers.com or See Honest Detailed Review at : http://www.squidoo.com/ForexTracer-Revie... Read this complete review and You will know its cons and pros You ll have to start slow and then if you get really good, you ll make that much... But it s hard to believe you ll make that much!! Try this: http://technicalanalysisforex.com You can use a practice account to learn how it all works, and then you can start trading for real. I ve made over $1000 a day on more than one occasion; Forex takes care of my entire income. I use a Forex trading system though, I m not into reading books and figuring it out myself. If you re interested I found these reviews of the top 3 Forex trading systems: http://forex-tracer.the-perfect-solution... Forex is definitely tough and tricky but the potential is endless. I did find this blog that might help. Good Luck! Hope it helps http://forex-killerpipsreview.blogspot.c... 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 get some automated software to trade on a demo accout with play money. practice, practice, practice, View It Now FinanceExtends (dot) com First off, I trade for a living so I know what I am talking about. To earn $1000 per day you need to ask yourself some questions. How much money do you have to fund an account to trade with? If it doesn t work out do you have something else to fall back on or possibly bring in an income on the side to pay the bills until you get the hang of it? Have you traded anything before because if you haven t the psychological side of trading will most likely destroy you. Why do you want to make $1000 per day? Why not $50,000 or $250? My answers - Money in the account is obviously extremely important because you need money to make money. The more you have the less risk you can take onto your account with each trade therefore you are lessed stressed when you do lose money. Also $1000 per day is nearly impossible to make if your account is below $10,000 and even over that is still a small account. Why? Because you should only be risking 3% per trade to manage your money properly and to lower the stress of losses. To make $1000 per day you would need to make 1000pips on $100 traded, 100pips on $1000 traded, 50pips on $2000 traded, 25 pips on $4000 traded, 10 pips on $10,000 traded. Are you going to make any of those pip amounts per day, EVERYDAY? No way. You need to look at monthly performance rather than daily because you will surely fall short of your daily expectations and so therefore there should be no daily expectations. Monthly performance of 400pips is a good but lofty goal for the beginner. If you want to make $1000 per day that would be $20k per month which means if you make 400pips (merely a goal because every month will be different) on yur traded amount you would need to be trading $5000 per trade. To trade $5k and properly risk only 3%...in fact let s take it easy and make it 5% of you account that would be obviously $100,000 account size. And that is assuming you know how to make 400pips per month! So how are you going to make 400pips per month? You need a backtested and then forward tested strategy that fits your schedule, fits you personality, has low drawdowns so you don t spend half the month making up what you lost in the beginning of the month., and also need to make an average of 400pips. (20 pips per day by the way) Do you have any other source of income? Better if you do because then when losses come in your trading you won t want to kill yourself because you aren t sure how you are going to pay for your rent/mortgage and the internet connection that you need to make the money through trading. If you have not ever traded before...live. Then you are in for a rollercoaster of emotions that you have never felt before in life. You will lose the first two trades that you make live. Then you will get scared and not take the next two trades because of fear and they will be great profit that more than makes up for your losses. Then you swear that will never happen again and trade the next trades. You will go through a flat period where there isn t much profit or loss. After that there will be some more losses and you will go through the same cycle again. Sometimes you will exit to early because a trade went against you by only 5 pips but even losing $50 scared you so you got out for the meantime. Then suddenly price surges in your direction and you get pissed at the markets. Then your mentality becomes a war mentality instead of a calm, focused professional. If you take on that war mentality then you will surely lose. Keep this all in mind because trading is a great business if you design a system that works, have the money to fund the account, have a second income at first to lessen the stress of expectation, and study the psychology of trading 10x as much as the actual trading. Stick to the system no matter what and manage your money so that you don t get greedy when there are profits and fearful when there are losses. I hope this helps. One thing that has helped me the most in trading is my faith in God and His Son. Trading relates to many things in the Bible and that is where my psychological lessons have been made clear to me. If you want any more help email me. I don t want to dampen your spirits because I know what that is like but you must have open eyes going into any endeavour. God Bless.

Who is with oceanside wealth forex and what results have you experienced? -

Has anyone else heard of this group? I first learned about it when searching for forex training. It does look good and I would rather place money in the hands of professional people then gamble around but i have a hard time believing it will produce 20% a month. I m a little confused because oceanside appears to be forex investment compounding w/ network marketing. do i have to recruit others to earn any money? I m just looking for a safe place to invest. Please advise. If you want to learn the basics of trading forex, you can use the free 5 step guide at http://www.forexfromscratch.com I am one of the top leaders and founding members of Oceanside Wealth. It s a hybrid forex and network marketing. NOBODY is required to recruit others to earn. You can simply earn on the forex part. Oceanside Wealth has just launched on July 27, so it s still in it s early stages. The forex trading robot that we use has been producing average returns between 10%-20% for the past 2 years. There s also a network marketing pay plan for the folks that enjoy building teams, although once you are earning thousands monthly, it will be hard to keep people away once they ask you what you are doing to make money. Too much info to list, if you have questions please contact me. -Angel I never tested them myself, but you can look for reviews about them on several different websites.

What is a good website to use for Forex daytraders? -

I m currently using a Mini account, but I m struggling seeing that I don t have the 200:1 leverage nor the $5000 for a standard account. Is there any good sites for mini account daytraders? Any tools? Any good entrance/exit signal sites? Good forecast sites? I need sites specifically for daytraders!! here s the best site for mini acount daytraders. offers lots of features suited for your interests. min deal $2500, min deposit $100. spreads may vary, under certain market conditions and/or each trader s tailor-made account terms. however, the actual spread is presented before the trader when he/she opens a deal. Dear Friend This is S2 stock predicta (s2sp), Karnataka. Considering the volatality and the day traders confused state of mind, We have launched a website www.s2sp.co.in , in which we provide predicted best selling and best buying price for all stocks listed in BSE and NSE and list of companies suitable for day trading with potential earning everyday after 8 PM for next days market. The forecasted prises are with in the limits of Actual High and low upto 70-75% accuracy. We have launched this service in karnataka on 14th Dec 2007 and provided service to customers via phone and we found the response was good and the necessity of this service was understood. Responding to this demand we have launched the web site to serve more people. Customers can access for free samples everyday and can subscribe for full acess. Regards S2 Stock Predicta www.s2sp.co.in

How can i save an mt4 forex indicator created in notepad for it to function well in the metatrader platform.? -

1. You have to create a new file named my-indicator.mq4 and copy the code there. That s it. 2. Then on your PC open a folder with MetaTrader, go to Experts, Indicators. Copy the file with your indicator there. 3. Restart MT4. You ll find your indicator among Custom indicators in the platform menu. Good luck! I wouldn t know because I use an EA called quot;Forex Autopilotquot;. If you want an indicator script, then I suggest you use this one as it s made me a pretty penny for the 3 months I ve been using it. You can see a full review made up of real customer comments here: http://www.fxsystemscompared.com/rev_for... Hope this helps?

What is the best website for forex news? -

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.. another forex news site to find currency news, trading articles and blog posts http://www.forexnewshub.com Report Abuse Far and away the best site I have used is tradethenews.com paul

How do you declare your forex profits/losses on your tax returns? -

I imagine it is different than stock gains/loses on a Schedule D. Jason B You report your profits/losses on IRS form 6781 and transferred to Schedule D 60% are considered long term 40% are considered short term Foreign exchange (forex) measures bring to account foreign currency gains and losses as assessable income or allowable deductions, on a realisation basis, to the extent such gains or losses are attributable to a fluctuation in a currency exchange rate, or to an agreed exchange rate differing from an actual exchange rate. The measures apply to all taxpayers, except for, broadly, banks and similar financial institutions. What forms are they sending you? 1256 contracts go first to form 6781, then schedule D. Other contracts go to line 21 with an attached explanation.

Is automated forex autopilot a scam?Or can it really work? -

If it offers a money back guarantee it s not a scam. If it s a good system or not, I don t know because I never used it, however I read good reviews about it on several websites. If there were an automated system to predict the forex market, they wouldn t be selling it to you. It would be worth a lot more to hedge fund managers with billions to invest. On their web site he has a quot;historyquot; which he swears is a real money trading account. Then he admits this is one of several that he has, without mentioning the results. This is illegal. Any manager showing performance in an ad is required to show the performance of all funds under his control. Otherwise he could open 10 accounts, lose money in 9 but have a good run in 1 and show that one and bury the rest. The rules of chance dictatate that if someone does enough trading, they will have a good run once in a while just due to luck. Also, if this is not a made up track record, why does he include the following disclaimer, and I quote.... CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. I d suggest that if you do use automated forex software, only use ones that have a money back guarantee AND test it out with a small amount of capital to see if the results are to your satisfaction. Start out with $100 or $200 and ramp it up slowly if you are satisfied with the results.... Good Luck! It is a scam http://www.projectpaydaymentor.com/2008/... 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 Logic dictates that any successful trading system would not be publicised for the very reason that its intrinsic profitability would be the thing to exploit, not flogging it off to people. It s a totally scam,rip off,and money waster.trust me i know i bought it sucks!! and listen to me it s a total waste. so do you want to waste a small fortune on some thing that doesn t even work i don t think so!! stick with me i would no. Check them out at Http://www.RipOffReport.com If there is any problem, they will most likely be listed there. Not accurate as the new system . check this one : http://the-forex-tracer-review.blogspot.... Forex Autopilot Works. But you must set all variable and setting... I trade quot;Onlyquot; with automated systems.. (3 accounts) see here http://www.alebest.com Info: Autopilot is a Robot that quot;lovequot; long drawdown...but is a good Automated EA bye yes anyone selling anything to do with Forex is a scam and a rip-off Forex trading is very complicated and only for VERY experienced traders with lots of risk capital

What makes a currency move up or down in regards to Forex trading? -

Yep you got that right, supply and demand does affect the currency price but what affects the supply and demand? I believe that the supply and demand depend on the level of trade ( foreign investment) that a country does and also the nation s inflationary expectations. There are also non economic factors that affect the movement of the currency and these include political issues/instability(terrorist attacks amp; war) and also natural disasters. These are usually unprecedented and usually affect the currency greatly. There are probably other factors that affect the movement of the currency in forex trading and the sources that i recommend are below. The currency rates fluctuate due to demand-supply equations. If a currency is in high demand or highly preferred as a payment option while conducting a transaction; it will have a high rate in terms of other available currency and vice-versa. Also refer these sites for a better understanding: http://www.alpari-idc.com/en/markets/for... (Here the explanation is given with the help of a case-study) http://en.wikipedia.org/wiki/Exchange_ra... (Fluctuations in exchange rates section) http://en.wikipedia.org/wiki/Foreign_exc... It is the deman and supply of the currency that makes it go up and down. If the demand is more and the supply is low then that currency will move up and vice versa it will move down. .................... the demand ..................... Who cares and who knows. When I google forex I see lots of people saying be right 80% of the time. No one really knows and they can only say there right after the fact. So as long as you make money either way. If you really want to invest in the forex market. Go here. www.freedominforex.com There are tons of reasons - but here are a few: 1) Inflationary expectations. More inflation expected, the less worth your currency has. 2) Trade balance. Trade either brings in foreign currency or sends yours out. In the case of the US, if China, Japan and other countries weren t buying our treasuries, all those people would be selling the dollar for their own currency. 3) Political/other risks. All movements are governed by traders buying and selling. Larger movements normally indicate panic buying or selling. Have a look at http://currencytrading.hammocksurvivalgu... for lots of interesting articles about currency trading.

Friday, March 23, 2007

Why is the USD taking a beating in the Forex market? -

It has been losing ground to the Japanese Yen, Euro, and the British Sterling. What s the deal? When will this end? This is seriously screwing up my investment strategies. The USD dollar is having problems for a couple of reasons. First, there is concern over the status of the US economy in general. We have a war going on that continues to ring up a large bill that will have to be paid by the US taxpayers sooner or later. We have a gazillion and a half baby boomers moving into their quot;golden yearsquot; that is predicted to put massive strain on already questionable social security and healthcare resources. And we have an consumer base that was heavily leaning on housing appreciation as a stimulus for the economy. Now on top of that challenging set of circumstances we have an international community discussing the replacement of the USD as the primary trading currency in the foreign exchange marketplace. Remember all countries currently have to convert to USD to buy and sell oil and other commodities. What if this were to be slowly replaced with the Euro? or a new Middle Eastern currency like an Oily or some such? or what about the Yuan, rumor has it these guys are packing some serious weight these days. Couple all this with a US political machine which is more concerned with quot;he said.....she said....partisan politicsquot; as opposed to focusing on developing a sound economic foundation upon which our country can grow and self sustain......and you then have the most troubling situation for any Forex currency.....uncertainty! That being said the US still has a lot going for us. The USD is not going to implode over night (at least I hope not). I have most of my clients currently positioned in long term hedging strategies that will perform nicely whether the USD goes up or down. May all your guesses be good ones. Paul M3 increased over 8% last year. The reason the USD is dropping like a sorority girl at a kegger is because the government is making too many of them. It won t end because we live in a purely dept driven economy and you can not maintain the integrity of the dollar with no value base to back it up. Every other country can back their dollar value with concrete goods. Our manufacturing and production facilities have taken a hit or have been out sourced to other countries. Do not invest in anything that you can not see touch or feel or use on a daily basis or know that other people use. I will keep this simple, but there is MUCH more to it. The USA imports hundreds of billions of US dollars more stuff than it exports. This means that the imported goods are paid for in dollars. This encreases the supply of US dollars held by people in other countries. Simply supply/demand economics will force the price down in terms of exchange rates. Most analysts and economists think that the US currency will continue to get cheaper as time goes by. So much money is leaving the US that it is thought to be unsustainable, but it will likely keep currency down for a while to come. (My personal guess is 10-20 years, but that is my personal guess based solely on intuition) Best bet is to not have a strategy that depends on the US currency gaining ground against other currencies. The best approach when your investment strategies are not working is to change your strategies. More speculators have lost more money going against the market than in any other way. The whole concept of technical analysis is to go with the flow not against it. Investors might very well make money going agaist the flow, speculators will not. The deal is the double deficit; the U.S. as a whole runs a trade deficit, while the U.S.government runs a budget deficit. Both trade deficit and budget deficit are known to depress the value of a nation s currency. When will it end? When the U.S. government stops wasting money on wars... http://www.forexaim.com Hi, Who cares where the market is moving?... You should be prepared to any market movement and make profit independently is it moving accordingly your and/or experts forecast or quite the reverse. NOTE: Market is always RIGHT. Good luck! I think the short term reason is the rumor that BoJ will increase interest rate. Many carry traders are exiting their position. Long term reason is the huge current account deficit. US needs to import a lot more than it exports. Thus, it needs to convert more USD into other currencies. usd is in big trouble because the us abuse system is failing americans so they will be emigrating to africa china and australia soooon

Who has the best Forex trading signal tha has around 98% accuracy? -

Please help I am new to the forex trading. Who has the best Forex trading signal tha has around 98% accuracy? Who is the best forex broker in reliable forex trading signals No such animal living. However, if one can be just 60% accurate and he adopts sound trading principles, he can already earn from his trading. Anyone can learn to do it, himself, given the proper training. Investment and free training in the Forex business http://iqmoney.blogspot.com/ There are plenty software programs out there that you can use. The signals that come back can be confusing. I rely on one that gives me a plain YES or NO and I ve reviewed it here as I am using it myself . http://forexstockwinner.blogsp... Report Abuse I can do that!! Follow the trend Maybe God, but I don t think he trades Forex. I could give you a few services that are about 98% inaccurate. Maybe you could just do the opposite of what they recommend. No, but seriously, there are no services that have a 98% accuracy. If they had that level of prediction they would not need to offer there system to us. They could simply trade it themselves and in about 2 months they would own all the money in the world. You would be quite fortunate if you found one that could provide 70% accuracy. Most are 50% because they are just flipping a coin and selling you the results. Paul

Can you actually make any money with automated Forex trading? -

I started with 500.00 yesterday im at 834.24, I made over 300 in one day. Brand new system just released on the market. http://forexboomrang.com Absolutly YES!!!!!!! If you have years of FX trading experiance and are consistantly successful then you can make quot;auto tradingquot; work for you. If you don t have the experiance needed (especially in Money Management) then you ll lose your shirt. Yes! You can actually make money with automated Forex trading. For better insights into this topic, I am providing you with best sites that you can start autotrading. Click below! Do-It-Yourself www.forexkiller.com www.forextracer.com www.tinyurl.com/6qcuo2 www.forexautopilot.com www.10-minute-forex-wealthbuilder.com www.Collective2.com www.tinyurl.com/5fn3sh www.tradebullet.com Non-Do-It-Yourself; www.zulutrade.com www.tinyurl.com/5fn3sh www.fx-auto.com www.fxddauto.com www.5star4x.com www.Collective2.com www.tinyurl.com/6qcuo2 I don t think any of the below will make you rich, Do-It-Yourself www.forexkiller.com www.forextracer.com www.tinyurl.com/6qcuo2 www.forexautopilot.com www.10-minute-forex-wealthbuilder.com www.Collective2.com www.tinyurl.com/5fn3sh www.tradebullet.com Non-Do-It-Yourself; www.zulutrade.com www.tinyurl.com/5fn3sh www.fx-auto.com www.fxddauto.com www.5star4x.com www.Collective2.com www.tinyurl.com/6qcuo2 There mainly spammy software sites, there s no such thing as an automated money machine. All these sites are just one long sales page - don t be fooled. If your looking for decent help and software try here, it s free to join up: http://forex-brotherhood-reviews.com/eas... Short answer: yes Long answer: it all depends on the type of system you are running. There are many EA scripts out there which can help you automate your trading... but only a few will actually make you any money. As it happens, there s a nice site I know which has the 3 top forex trading systems based on their PROFITABILITY. They took trader reviews from around the net and then put each system under live amp; demo testing with some surprising results.... This was the site: http://www.forexfastforward.com It s quite informative considering it is just a bunch of reviews. I learnt a lot from it. It s possible, but extremely difficult since most of the automated Forex systems don t work on the long term. No.. never... Trade your own better... Information: As an individual - no.

I would like to know how many different forex companies there are on the internet? -

There are literally hundreds of forex companies on the net. I believe its still growing since foreign exchange has only been a recent type of investment, only surging when the internet came up during the 1990s. I don t have an exact amount but billions of dollars are constantly switching! The below links are the forex sites i read amp; prefer. Plenty visit http://net-new.blogspot.com/

What is the best book on forex trading? -

For a beginner in the market? The best ebook I came across is http://www.superforexsystem.com/. the best free ebook was http://www.freeforexebook.org/. I enjoyed quot;Insider s Guide To Forex Tradingquot; which can be downloaded at the following: http://www.mystockmarkettips.com/ebook-o... Forex Easy Cash is the best source and comes with tons of good information about Forex market. Visit the source link for free download. Although it is almost $70, this ebook teaches a very simple forex trading strategy for beginners. http://pinurl.com/forexebook you can get a Free Forex Ebook and a Free Demo Account as well from this site. best of luck.

What is the difference between stocks,unit trust,funds and forex trading?? and how do i learn more bout them.? -

any website where i can learn about stocks and investment?? Learning the basics of fundamentals and technical analysis so you will be more informed in your investments. You can find all the basic info you need to learn on websites for free. This site should give you a good start. http://finance.yahoo.com/education If your current/future employer offers an employee 401k plan. Invest up to the matching % of your employers contribution. If plan offers an election to invest in a money market fund you may want to invest in it until you learn more. Next invest in a Roth IRA up to the max allowed(yearly). If you then have more money to invest, go back to your 401k plan and invest the max allowed(yearly). So after you do all the above and want to invest more you should be able to decide how. Only invest money that you can afford to lose. Making some quick money is nice but if you lose it, it gets right ugly. You may also think about ETF s instead of mutual funds, stocks. and options. http://finance.yahoo.com/etf Try what you learn on demo sites. They can be a very fun but educational way to learn from mistakes. If you pick 75% right with play money then you might be ready to start slowly investing. http://simulator.investopedia.com/ http://simulator.zacks.com/ http://www.fxcm.com/open-free-100k.jsp http://www.alpari-idc.com/en/metatrader4... Or just google for more. I use Lightning Strikes Trading System for trading in any time frame and it works on forex, stocks, bonds, etf s, mutual funds, etc... They have 3 free training sessions a week and you don t have to buy the software to join in the live chat and text. You can even watch some recorded past live sessions. Here are some past charts that I used. http://f1.grp.yahoofs.com/v1/MB16R0zjjaZ... http://f1.grp.yahoofs.com/v1/MB16RxjOUQt... There are 7 indicators (2 short, 2 medium, and 3 long term) and if volume is reported another one is added (on balance volume). Plus whatever time-frame is used the 2 green horizontal lines are the support and resistance for that time frame. So when indicators are all touching the bottom price is at or very, very near support. At top is at or very, very near resistance. Which helps my entry/exits and risk/reward ratio. http://f1.grp.yahoofs.com/v1/MB16R9Wv-wt... http://f1.grp.yahoofs.com/v1/MB16R9wSKdV... http://f1.grp.yahoofs.com/v1/QCt6R2fYIj6... http://f1.grp.yahoofs.com/v1/QCt6R3R0VQe... If you can not view charts above I can email them. Here are my favorite sites. http://stockcharts.com/ Has basically all you need from fundamental to technical terms. Plus stock screens, charts, public chart lists, and much more useful info. https://www.fidelity.com/ Has good learning resources. http://moneycentral.msn.com/home.asp In addition to yahoo finance. http://www.reuters.com/ For news and more. http://www.marketwatch.com/default.aspx For news and more. http://www.valueprime.com/index.php For rating stock risk/reward ratio and reports. http://www.barchart.com/ For investing in more than stocks. http://www.investopedia.com/ For more great learning tools. http://www.lightninglive.com/ For best software timing your entry/exits any time frame for day traders and long term investors. Others worth exploring. http://www.equis.com/ http://www.stockta.com/ http://www.secform4.com/ Best Wishes, Burt Whitley Stocks= equity of a company; you share in the profits but are last in the list if the company goes bust. Unit trust is a closed end fund, a collection of stocks, actively managed, for which yo pay a fee (in the price), Funds, like un it trust but open ended, Forex trading in currencies. ie buying US$ against sterling. Have a look at http://www.shareworld.co.uk there are Qamp;A section. Try www.icicidirect.com Stock also called common stock is equity share capital, raised by a company through an IPO. As all companies are registered as going concerns , the life time of stock is theoretically infinite.The Stock may pay a dividend that is fixed by the board and can only be a proportion of Earnings after tax.These instruments have the highest risk, as if the company dissolves the equity shareholders are left with what remains after paing off all other liabilities. Unit Trusts are Trusts that accept investments and may invest them in different categories of instruments like Stocks ,bonds and money market instruments.The entire Portfolio is divided into small units and sold to the market.These are fairly of moderate Risk as the Risk is reduced through proper portfolio management in line with the Markowitz model. Money Market Funds are those that accept Money for Liquid investments in the Call Money Market. These are lent for a period as short as 1 day. They have the lowest level of Risk and are concidered risk free investments. Forex trading is the Trading or Exchange of Money in the Foreign markets they have several reasons of Trade and Economy that drives volatility.

Where can i find predictions on forex without paying money? -

Be a little careful with this one.......this is a perfect example of quot;you get what you pay forquot;. What you buy for nothing ....is worth nothing! If you want to determine the most likely direction of a currency pair in the Forex market all you need to look at is price action, market sentiment and momentum. Fortunately these are readily available to you by using a couple of very common technical indicators. The only investment that you will need to make is in studying a bit of technical analysis. 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 Hi, Don t trust to any predictors or experts! Nobody could predict the market with 100% guarantee. THE BEST ADVISORS ARE YOUR BRAIN AND YOUR HEART. All experts and advisors makes mistakes as well as other people. So you shouldn t rely on them. If you have any questions don t hesitate and contact me. Good luck!

Do you need to get a credit check in order to open a Forex trading account? -

For most accounts no.Some big accounts like a professional trader yes there is a credit check.Most brokers will let you start with a minimum of 500.00 Oanda has like a dollar minimum. Hello, There is a credit check in all the forex accounts. you need to maintain a minimum balance. Which is called the maintenance margin. Some brokers do hide them and then they deduct interest from your account. Many dealers are practicing this. But you have to be cautious about your funds and keep an eye on them. I am trading with Finexo. Here we have to keep a minimum balance of $ 100 always. and the leverage they provide is 200:1. Their rules are well specified and are very organized. no, but you will need a credit card if you want to trade in this forex platform. anyway, this is the best platform i know so far. being one of the leaders in the forex business this is real, legitimate, reliable and a very trusted site to trade forex with. No you don t need any credit check in order to open a Forex trading account. Only you need is money. Visit the below site to Learn Step-by-Step on How To Make Money with Forex Trading: http://online-fx-trading.net/what-is-for... :) There s lots of other ways of supplying money for your forex trading venture. You don t necessarily need a CC. No all that you need is money to open an account. Then you can invest on the forex market. No credit check.

Can you use MetaTrader for Forex with a low account deposit? What is the lowest for United States? -

I believe it s something like $2,000. If you re interested here are reviews of the top 3 selling Forex trading systems: http://forex-tracer.the-perfect-solution... Be educated before spending! Check out lt;a href=quot;http://the-forex-tracer.comquot;gt;The-F... and receive $100 free to trade with when you purchase The Forex Tracer automated trading software. I used it and was pleasently surprised. I turned my $100 into $1200 within a few days.

What is the single most important determinant in looking at 6 or 12 months forex rates? -

It depends. Keep in mind forex rates are RELATIVE values between TWO currencies . . it is not an isolated, one-dimensional concept. Sometimes the largest determination is the relative interest rates of their central bank (e.g. the Fed, ECB, B of E, RBA), sometimes how well its economy is going, political future, trade future. The list is endless.

Thursday, March 22, 2007

Where is the best place to learn FOREX? -

I want to start forex trading online. I own regular stock, but never dabbled with forex. Which online company is best for beginners? I m a quick learner, so even if you would say it s for quot;intermediatequot; traders, I d be OK. her Most of the Forex websites have their own tutorials and basic Forex terminology and charts. just because you think you are a quot;quick learnerquot; doesn t mean you can make money betting on the direction of foreign currencies. The people in this market (professional) are usually covering commercial transactions, not trying to make money. Stick with stocks! Try this site http://netnew.tripod.com/ visit Online trading or finance Page and search

What is a good Forex trading service? -

I m thinking about getting into some currency trading. What service should I be looking at to do this type of trading? Can you give me an overview of the process and setup to do currency trading? http://www.forex-ratings.com/ being a newbie, it is not advisable to go into forex trading without proper knowledge much more without proper training, experience and acquired skill. i would suggest you check your options in this site. here they will provide you a personal consultant with whom you can speak live over the phone, emial or chat and who will walk you through the ins and outs in trading forex. to avail of such services, you are required to deposit a minimum of $100 which incidentally will form part of your capital later when you decide to start trading. your personal Account Service Manager is even tasked to trade along with you to ensure you get familiar with their system. Register for a start and dowload a Free Forex Ebook for your reading. Open a demat account, forex cureency is good, it a god renvew business, touch with me..

What is the best source of information on simple and profitable ways to trade forex? -

The best source of information on Forex trading I ve found is http://www.simpleforexprofits.com They provide the easiest ways to trade forex using simple systems. I have made a lot of money using their advice and would highly recommend them. This is a great site to get a quot;previewquot; of all the ways you might consider trading. Then once you go through the whole thing you can decide which ones toot your horn and learn more about them with a book or some more online research on that specific topic. They are a free educational site. http://www.babypips.com/

Where can I download a simulated FOREX currency trading program? -

I would like to do some paper trading of currencies. Anyone know of any good simulated trading platforms? You can get a trading platform from any Forex broker. The most popular platform is MetaTrader4 (MT4). You simply need to find an MT4 Forex broker. All of them offer so called Demo accounts. Register and get one for paper trading. Here is a quick list of brokers with MT4 platforms: Interbank FX FXCM MIG Investments IKON Royal Hotspot FX Direct Forex ODL Securities There are literally dozens of trading platforms that allow for quot;demo tradingquot; or quot;paper tradingquot;. The important thing is to choose a financially stable and ethical broker that uses the platform you like best. Metatrader 4 is the most common platform and the platform of choice for many Forex traders because it has arguably the best built in free charting tools including the ability to program auto trading scripts (expert advisors). It has it s downsides though. You are not able to enter partial orders (ie partial fills) so you may be left out of trades if there isn t sufficient liquidity at a given price. Also, it is glitchy, and while version 4 is a great improvement over 3 - it still has it s problems. Just google quot;List of Metatrader 4 Brokersquot; and you will quickly find reviews of the many brokers who use the MT4 platform. However, there are other very good brokers who don t use Metatrader. Dukascopy, a Swiss broker, uses their own platform that is actually very good. The problem for some is that you have to have a minimum $50k deposit to open an account at Duka. They do have quot;demo accountsquot;. MBTrading is a good broker but they have a horrible platform. You also have the large FCMs like FXCM (includes MT4 option), GAIN, CITI, GFT, etc. These all have their own platforms and have not been held in high regard by many seasoned traders in the past. I have heard that some are improving but proceed with caution if you are seriously considering trading with one of them. Just start reading around, taking everything you read with caution. Experiment with different platforms and choose the one that works best for you, your trading style, and you investment. Good luck! try this site. maybe it can help. they specialize in web based forex trading platform and their greatest feature is personal service to all their traders, beginner or experienced alike, via live on-on-one help through phone, email or chat. all the best. You probably want a forex demo account. There s a nice book for forex softwar at http://www.fxsystemscompared.com - it s free and tells you how to avoid forex scams, etc.

How does the forex market operate? -

i want to understand the forex market operation. Forex is based on supply and demand of the currency, interest rates, balance of payments, capital account, stableness of the goverment, and inflationary measures of the country. hi, you can try easy forex. the pioneer in forex market. http://www.bernanke.cn/easy-forex/ good Luck ! wish you make a fortune! http://www.nohasslebargains.com/loan/sto... Stocks Market Financial Services http://www.nohasslebargains.com/loan/inv... Investment Financial Services The forex market is basically trading in currencies. As the world economy is global nowadays, imports and exports needs foreign exchange. It involves the central banks, the merchant and retail banks, the traders and of course the speculators and the retail traders. As for retail forex trading its quite a different ball game. Its basically buying and selling different pairs of currencies. And if you are interest rate positive you even get paid the interest on your margin account. Check out http://www.geocities.com/lcming/Forexboo... videos and courses you can learn how it operates here. http://www.forextradinghq.com

Is there any short time courses to learn forex trading in chennai? -

There are several online courses. You can find them on: http://www.forextopten.com/forex-trading... http://www.freeforexebook.org/ do not know

What company is more reliable on the forex market? -

I mean you can open a account for better ratio, and ofcourse no asking for a lot of money to start with this. GFT has been the leader in this industry for sometime, others have just joined on the band wagon, but their trade platforms are older and outdated versions. Here is their URL http://www.gftforex.com/index.asp Their flagship Forex trading and execution has won numerous awards, and offers visual trading, free analysis tools as well as the ability to build technical indicators and automate your trading. 3 ways to apply and very easy in doing this Account application process. Apply on-line, apply via mail, apply while talking to a live specialist, which means not the wonderful talking machine that many love to use. They offer 5 ways to fund the new account as can be viewed on their website which I have provided.. http://www.gftforex.com/support/deposit/ Hope this helps you out. TS

Regarding Forex, is there a precise strategy that can allow you to make 15 pips a day? -

There is not exact science to the FX market. It is very easy to make at least 15 pips per day, but you can also loose 100 jut as fast. There are plenty os systems out there that you can pay a lot of money for but most are a waste of money. I do not work for any fx sites and have looked at most out there I use FXCM.com they give you everything you need to learn, for free. It has taken me 4 years to figure out a system that works for me, by looking at the charts and being patient (Hint - look at the bollinger bands and the SMA) you can make your 15. Good Luck There are *many* which claim to make you a lot more than that but the majority of them are scams. There s a site here: http://www.fxsystemscompared.com which shows you the best forex systems you can use and gives you actual customer feedback on whether they are really what they say they are. There s also a free book on that site which tells you about how to avoid forex scams, which is pretty cool. There is no sure thing. No one can predict the future. Not even a fortune teller.

Anyone trade forex and lose all his money, tell me your strory. How are they that you learn from , forex ? -

Lots of people lose all their money gambling. Most of them never learn anything and lose it all again as soon as they get some more money. Forex trading is gambling and the house percentage always wins in the end. AS AN ADVISOR WE DON T LOSE MONEY ANY WAY U CAN MAKE MONEY IN FOREX MARKET BY CONCENTRATING ON ECONOMY OF JAPAN amp; USA. LASO TECHNICAL ANALYSIS OF CHARTS PARTICULARLY HOURLY CHART IS SURELY A WAY TO SUCESS I started treading forex 8.5 years ago. it took me a 8 years before I so my 1-st profit. do not give up. there is a way to do it. contact me for advise. forfx@yahoo.com I did. but tell you what, once you get the hang of it, it will be alright. The lesson is don t be greedy, stubborn and be sure to analyse each mistake made.

Wednesday, March 21, 2007

How much money would I need to make it worth investing in Forex? -

Obviously I have a lot to learn before I decide to open an account on Forex and start investing but how much money would I need to start with to be able to make any money and to make it even worth the time and effort investing and researchign? I m a college student so if it s more than a couple hundred bucks I ll probably have to wait. Invest only what you can afford to lose. Most trading platforms offer mini accounts where you can start trading with minimum of $50 to $250. Trade only with leverage of 1:1 (only invested money) and never go beyond 10:1. Hi, A very important aspect of this question is the leverage in forex. I strongly suggest you look into this issue and select your leverage ratio. There is a very good article for you to read about lleverage at: www.forex-signals-4u.com/education.htm... Your second choice is how to select a forex broker that can accomodate your selected leverage. At the same above location there is an article about how to select Forex companies. Hope the above helped. Hi, My opinion is that you must not think of how much you can make in Forex in absolute values, but rather in percentage points relative to your initial starting equity (ROE). I believe that if you can make 30% per annum return it is a huge performance. Remeber the statistics that only 5% of the traders make money consistantly in trading (be it Forex, indexes, commodities, futures, etc). Therefore if you have USD 1,000 starting equity and by the end of the year you ll have grown that amount to USD 1,300 it is an outstanding performance. Of course, it might not be quot;so spectacularquot; because in absolute value it is only USD 300 but I tell you, when you trade with your cash you ll see what I mean. There is an entirely different story if you have USD 500,000 to start with and by the end of the year you ll have USD 650,000. The amount is incomparable with the first mentioned amount but the return is also 30%. I also believe that if you start trading you will find it very difficult due to the fact that there is a lot of personal psychology involved - you may get quot;angry at the marketquot; when you lose as you don t want to accept the fact that you were wrong. There is an entire range of emotions that you ll have to control, or at least ackowledge them. I am referring to the famous fear and great. Another important facts are that you must be extremly disciplined, you must have your own set of rules which you must obey and get in or out if your rules say so. You must try to eliminate emotions from your trading and not get involved in a trade. Know why you got in a trade and have a plan to follow through a trade. Another thing is that you may want to always hold a position, so that you can feel that you quot;are in the marketquot; and feed your need or urge to trade. This is dangerous and can affect your equity seriously as the markets are mostly range bound. The thing with Forex is that all brokers offer up to 400:1 leverage. If you use that amount and make a couple of trades that go wrong and stick with them as you don t want to admit that you were wrong, you can get wiped out very quickly. You must use strict money management techniques as you want to be able to trade another day. You must be in the market for the long run and not gamble with your equity. I also find difficult the 24-hours market characteristic of Forex as you can lose some gained profits overnight, if you don t lose take profit targets or trailing stops (as you hope that you will earn more than you already did) and may get frustrated when you wake up only to see that not only you are not in positive teritory but rather at a loss. Another danger is that you are undercapitalized is to believe that you can turn that amount into a fortune over night - there are plenty of quot;black boxes systemsquot;, quot;market gurusquot;, quot;automated signalsquot; that appeal to your gread and desire to get very rich very quicly and then much richer again. You should not fall prey to that and educate yourself. To wrap up, I can say that yes, you can make money in Forex, but it is not by any means an easy task and you should arm yourself with your tools needed to survive the markets: discipline, money management, following your own rules, not over-leveraging, setting realistic goals, not to get addicted with the markets and block everything else besides them, enjoy the journey you embarked on and know your goals. I hoped that my personal opinions helped to some degree and I wish to you the best of luck. Although you can open a mini forex trading account for less than $500, you really need about $2,500 to make meaningful profit. Also, try not to leverage too much 2:1 or 3:1. Most traders who get wiped out generally had very high leverage, 50:1, 100:1, etc

Which, if any, are the best Forex Trading courses you can take online? -

I want to learn more about Forex Trading and there are so many courses at different prices I don t know which to choose. Does anyone have any experience of these courses? Can you recommend one? I was also asked this in a survey ( http://www.askdatabase.com/campaigns/?af... ) so I await the results of that too.. Thanks for your help. I would have to recommend www.fxcm.com. I started using them a few years ago and they get better all the time. They have free advice plus free and pay courses. I found that everything that I needed was given for free on their web site. Charts, Trading station, webinars, classes all for free, plus you can open a micro account when you are ready for as little as $25. I have tried alot of systems and they have been the best I have seen so far. Good luck i guess there s no better way to learn forex online than having a live, one-on-one tutorial from an expert forex trader through a leading forex trading site. the following site will lead you to one of the leaders in today s forex trading business. by opening any of their accounts- mini($100), gold($500), platinum($5K) or vip($10K)- they will provide you a personal Account Service Manager to be your mentor, consultant and trading partner as well with whom you can talk live via phone, email or chat and discuss the basics as well as all the necessary tools and analyses required to project currency trends. btw, the higher account you open would entitle you to better trading privileges. much more you will enjoy if you are a frequent trader dealing in larger volumes. all the best. If you re looking to get trading in forex, there s a free beginners guide you can download at http://www.forexfromscratch.com - it shows you the 5 steps you need to take to start profiting from forex without losing any money. As for a quot;coursequot;, the best one I ever saw was one called Forex Brotherhood which is a monthly membership program that is hosted by a 20 year forex veteran. You get all sorts of books, systems, videos and other content which will help you get trading as quickly as possible. You can see a full review of it at http://www.fxsystemscompared.com/rev_for... Hope this helps? I saw this page it has several forex courses.

How Good Are Forex Trading Systems For Emotion Free Trading? -

Forex trading systems are only as good as the traders who use them. Mental fitness and objectivity are key to your success as a trader, and most back-tested systems I ve used are actually quite good for emotion-free trading. But they work only as long as traders don t let their impulses interfere with the profit potential of their trades. You win some, you lose some. Don t let emotions control the outcome of your trade. If you re a highly successful and experianced FX trader... some of these systems will work well for you. If you re new to FX trading and you think this is the answer to you making some quot;realquot; money.... you will effectivly hurt yourself badly. There is no quot;easy wayquot; to make good money in FX. Just a lot of hard work, education, paractice amp; time. In addition, money management skills re just as important as picking the right pair. Consider using Trading systems as a way to diversify and not put all your capital into that. Trade your account manually, and learn how to deal with your emotions and at the same time, allocate part of your money for system trading. Not all system or trading method will work all the time. Good luck! http://jsforex.blogspot.com Not really helpful if you are looking for the system to drain out the emotion from trading. Just doesn t work.

Needed a good-one liner for Overseas Education Forex Provider? -

Hi... I Needed a good-one liner for Overseas Education Forex Provider... It should be something like... quot;Are you looking to study abroad?quot;... quot;Or extend the boundaries of your learning?quot;.... There are no limits or boundaries when it comes to a well rounded education, so come abroad and join us!

I am a graduate.working as a forex executive.I wan to do a course related to forex,suggest me thecourseamp;univer -

Iam from bangalore which is India. is there any institutate offering forex related course in bangalore or in India. suggest me the coueses related to forex and the institutation which is offering the course.and course related details. There are some very good online forex educational material you can find online. If you want to learn forex, you have to trade. But you do not have to use real money to do that. For example, check: http://www.forexhelvetia.com/demo.htm for a free forex account signup. Regards, Karl http://www.forexhelvetia.com/affiliate.h... (forex affiliate signup)

What uk-based forex broker do you use? -

Im preferably looking for some that offer a micro account, low leverage (to get me started), UK-based, and web-based trading software. Being able to demo trade for a few months would be great also. Thanks in advance. BritXchange *

Does any one know if Forex Enterprise is good? -

I want to work from home but, I don t know if these web is good!! http://forexenterprise.com/ There are FOREX programs here that give you FREE practice accounts http://www.NecessaryInfo.info I ve heard many bad things about that site on the forums... I ve heard good things about 12MinuteFX though, and Kenny Reese is giving it away for free these days... link below

Any forex system that concentrates on capital preservation ? -

After losing some money on forex trading, I refused to give up. I reasoned that there must be a system where I can make profits without losing my capital in forex trading. Asked around and someone recommended Lethal Forex System which is supposed to be a quot;Money Making System Without Losing Your Trading Capitalquot; I was very interested in the quot;100% Capital Preservationquot; aspect. As we are not speculating into trades with the quot;hopequot; of it moving, you ll not be losing any of your capital amount invested. It is extremely easy to learn and does not need experience. Capital preservation is very important for something so risky like forex. I lost a lot in my forex trading when I first started and didn t understand leverage.

Why would anybody vote forex senators or congressman they are the ones who screwed itallup? -

Two reasons: 1) Intellectually lazy 2) Depends where you stand in the pecking order. Most people now a days canquot;t be bothered to take the time to pay attention to what s going on in the world. 2) If your boy will give you anything you want no matter the cost, just as long as it s free to them. Or if you are B I G business, quot;Look here bozo, here s 250,000 pecos and 637,000 votes if you will.................Once again the hardworking middle class takes in the yang again! People are scared to vote for new candidates... That s my theory, they are comfortable with whoever was in office. Not necessarily. My boy RP was in Congress for 30 years, but whatever you think of him as a candidate, you have to admit HE at least cannot be held accountable for all the laws he voted no on. They call him Dr quot;Noquot; for a reason. Sometimes the voting records tell us what we need to know, good or bad, about any candidate. At least you have that to examine if you really want to know the person s positions on issues. NO MATTER WHO YOU SUPPORT: If your candidate was a senator or congressperson, look up their voting records. It s a great resource, do yourself a favor and get to know the person you ll spend that vote on. If we agree on a candidate, great. If not, bummer. If not but we have an informed disagreement, hey that s democracy.

Normally how much do forex traders pay in taxes? -

i know every one pays a different amount of capital gains tax. i know that in the U.S. traders usually pay between 20-30% of of their profits. what about forex traders? Generally the profit would be ordinary gain taxed at your ordinary tax rate which would depend on your taxable income. The rates range from 10% to 35% and is dependent on your filing status.

What factors influence the spot and forward exchange rates in the forex market? -

Basically an understanding of what goes behind the decisions of selecting to go for a spot rate of exchange or a forward rate of exchange. They depend on the interbank interest rates of the 2 currencies at the time of the deal is booked. Spot is now and immediate and there is no time factor involve. You like the rate you deal on the spot. Pun intended. Forward contract is to locked in a price for a period in time. There is a premium added to it on the spot rate. Its kind of an insurance. You use it when you cannot decide immediately whether you will transact or not but want a comfort to know that today s price will still be there for you. Of course you have to pay a cost for that If it helps at all visit http://www.geocities.com/lcming/ForexFor... The spot and forward exchange rates are related to each other through the interest rate parity. In other words, the difference between the spot and forward rates is the interest rate differential between two currencies. Forward rates are used to hedge foreign exchange exposure risk.

Tuesday, March 20, 2007

The Forex Trading Tips I Must Know Before Trading The Forex Market? -

I will like to know the most important forex tips as a beginner must know first before trading the forex market. The most important tip you can learn is stay with the trend. The trend is your friend. Crawl, Walk, Run. Sen Clay Davis - The Wire being a beginner, ebooks and other reading materials are a good source of information and tips on how to trade forex, however, what you really need is a personal tutorial from real, expert forex traders. you can find such feature in this site. for a mini account of just $100 you can speak live to a personal Account Service Manager (ASM) via phone, emial or chat. your ASm will be your sort of personal consultant and you can ask him anything you want to know about forex and he can teach you as well what you need to know further and give the necessary tips and tricks for profitable trading acitivities. other than the mini account, they also have gold, platinum and vip accounts which could give you access to more features and benefits. meantime, you can register and download a Free Forex Ebook to read. There are some short cuts these days with automation but you would still need the knowledge of forex trading to avoid making mistakes. Be very familiar with concepts of risk management and you would have a good start. Learn to use and tap valuable info from wherever you can. Learn especially from others actively trading. Join forums etc. Test and test with paper trades. Don t be impatient. It is worth while to learn this trade if you are keen to learn. There is a good forex club that I recently joined. It s very helpful to me and even I m not a beginner, it s very useful with twice updating on the market everyday by an expert. I got so many forex trading tips that I realized I m not such an expert anymore ! (as I thought I was ) Here is the best forex trading tips you must know viz: Know your forex trading market.Educate yourself about the currencies that you trade. The more you know about the country whose currency you’re trading in the forex market, the more accurately you’ll be able to predict which way the money will move. Pick a forex trading system – and stick with it.Savvy forex traders will tell you that system is everything. Forex trading by system lets you automate your trades based on history, following the traditional peaks and valleys. Set up a system and live with it to make the most of your forex trading. Practice makes perfect – but it’s not the real world.Practice forex trading accounts are great for learning how a particular trading account works – but they’re not the real world. Many experienced traders recommend starting off with a mini forex account to minimize your losses while you get acclimated. Keep your eye on the margin.Margin trading is a great way to lose a lot of money quickly. Stay away from forex margin trading until you’re sure you know what you’re doing. The only win that counts in forex trading is the bottom line. In forex trading, the bottom line is how much money you made at the end of the day. Don’t count won or lost trades – only dollars and cents. Well,this issue is best desribed at http://quickforexpips.blogspot.com/. Just go there you will get free tips that will help you more. Just like in any thing that relies on money.. you need to have a very good money management system. Fast Forex Cash course have some nice e-books that explains this step by step: Mental Trade - 10 ways to stay focused for real-time traders SCIENCE OF GETTING RICH - Great book focused on money management MILLIONAIRE TRADING SYSTEM - A set of 10 rules that millionainaire traders follow in the FOREX Market I ve read those page after page and I ve finally understood how important a money management system is.. Anyway..good luck with your trading The trend is your friend! Also, before diving in you can always practice trading on a demo account. I highly suggest practicing before going live to anyone that wants to start trading because you don t want to lose your hard earned money. I know I ve lost my share just jumping right into the market. My suggestion to you is to join a couple of forex forums. Visit them daily and see what everyone is talking about. Get involved with some discussions and ask questions. I also suggest opening a demo account on whatever site you decide to join. Don t just take someones advice as being right. It is your money that you will be using so do your research. Don t go out and buy some automated forex system. I did that and lost a lot of money. All I could see was $$$$ and I paid the price. There is a lot of junk out there these days so be careful. Good luck You can get a free step-by-step beginners guide at http://www.forexfromscratch.com It will show you what you need to do! Go to www.forex-campus.com. They have quite a lot of good articles for someone just getting started in forex.

What do you think about Russians brokers in Forex? -

Personally I don t trust any Forex brokers outside of Canada and the US, but if you live in Russia that might be a different story. No matter what broker you are considering, always be diligent and do your own research to make sure they aren t a scamming or dishonest broker. I would not trust any broker outside the US. Read tons of review sites before you choose a forex broker and pick the best of the worst. Someone somewhere has something bad to say about every broker - so you have to use your judgement and try the demos. Currency trading-http://tradingsforex.info/ Could you name a few? Never hit on any with a website in English. I think its weird. DONT be the victim of a SCAM !!!

What is the best website to trade Forex on? -

I was trying to use easy-forex.com but they do not allow US citizens to trade on their site. So any other suggestions would be great! Thanks, Nina you can goto www.fxcm.com www.gftforex.com Start witha a demo account first.. http://the-forex-trading.blogspot.com FXCM.com works great for me. There is a demo at this site http://www.geocities.com/lcming/Forexboo... someone needs to do a lot of research... This is not an easy question to answer. Check out; www.ForexBastards.com. I use FXCM. They are the biggest out there for the USA. There are a lot of people that hate them. I like them because of their FX training. Most FX dealers are disliked for one reason or another. Stick with the better known ones; FXCM, OandA, GFT, CBFX etc. Remember, 95% of the people that try FX trading fail. If you d like, I d be happy to share with you some of the mistakes I ve made. Good luck! Try this one, Marketiva.com. You can register for free and try out first, quite easy to learn. View this webpage :http://www.marketiva.com/?gid=8156 Free coupon: 4EX8BVLW4F

How can I get a good Forex Autopilot robot? -

quot; since i`ve discovered a Forexautopilot program life has been in the easy and fast lane for mequot; My advice is dont. I have been watching these Yahoo threads and am appalled by the amount of advertising that goes on here for these systems. (like the one above). Honestly if these systems worked they would be worth millions and hedge funds would buy them, nobody would be advertising them on Yahoo forums. That being said I trade my own software, however, I developed it myself and thus I know its strengths and weaknesses. If you really want to try unbiased systems try www.collective2.com. Atleast there nobody is trying to mislead you and you can see actual past results that are independently verified. The thing most people dont understand about these systems is that even if they are profitable, you still need to be at least comfortable trading so that you can manage your risk through drawdown periods where you lose money. All systems have them and you must understand how to best manage your risk around these landmines. This is actually what I tend to be doing for the past year with my software.

Where can I see forex options quotes? -

Ive been looking everywhere for this. i need a free (hopefully) website that has quotes for forex option chains like EUR/USD 1.40 Jan call anyone know any sources? also, anyone use forex brokers that trade such instruments? Hi there, Let me help you on this =) I m a Forex Options Trader too.I You can try SaxoBank for Live Forex Options Quotes. There are a couple of sites-thay are all free.Prime ones are http://www.bloomberg.com-one of the foremost http://www.barchart.com/ -good for novices traders cbot.com -Chicago Board of traders-good for glossary reference forexfactory-has a very active forum of its own I have been trading forex thro my broker avafx for close to four years now. try to check it out form this site. good luck.

Would anybody pls give me some advice on forex trading? What are the best reliable websites for online forex t? -

What are the best reliable websites for online forex trading and what are your helpful tips for the one who just started to get acquainted to this? Thanks forex trading is for pros with lots of experience and deep pockets. 98% of all new traders, even in easier lines such as trading stocks, lose some, all, or more than all of their capital within the first two years -- according to one psychologist who has studied traders and trading for over 25 years. this effect is so reliable that forex is one of the areas in which quot;bucket shopsquot; still exist. A quot;bucket shopquot; is one that acknowledges your trade and then throws the chit for it into the bucket -- they never actually have the orders filled because they know that the odds of you winning in the long run are 1 in 50. if they re patient and keep good records, they ll almost certainly end up with your money. And, by not having executed the actual trades, they pocketed all the execution fees [which, btw, you paid]. [Sure ... they occasionally lose a bit -- but with 49 guys paying them for each one who takes some home, they can afford it.] you will need to have a look at this site. it will lead you to one of the leading forex site today and, as such, you get to be assured you are dealing with a very legitimate, trusted and reliable forex trading platform. if you are still a newbie, then register and download a Free Forex Ebook for a start. if you have already a little bit of education and would like to enhance whatever knowledge you have then you may want to open an account- mini, gold, platinum or vip in that order- and you will be provided a personal Account Service Manager (ASM) to be your mentor, consultant and trading partner as well with whom you can talk live over the phone, email or chat and discuss anything you want and need to know about forex trading. being an expert forex trader himself, your ASM would be your best resource person to attain your goals of having profitable forex trades in the future. note that the higher account you open would entitle you to better features and privileges as a trader. all the best. If you re interested in getting into Forex, I recommend you take a look at http://www.forexfromscratch.com which has a really interesting free book about starting off in Forex. It s a step-by-step beginners guide which is 100% free. Just go to the homepage and download it for free - you ll be able to avoid most of the beginner pitfalls with it. Hope this helps? I personally like http://www.forextopten.com/ to find good products, and http://www.freeforexebook.org/ and http://forexinblog.com/ to learn something for free. About Forex courses and systems I like http://www.superforexsystem.com/, http://www.forexhiddensystems.com/ and http://www.supraforex.com/.

Does anyone doing Forex trading use a mobile device, and does it works? -

At my new work, due to firewall limitations, I cannot install the VT Trader, a software from CMS Forex. Therefore I need to buy a device, Im thinking Blackberry or a Windows Mobile and then look for a new broker dealer to start trading. Anyone knows about Mobile Forex Trading? Yes, the last answer was highly intelligent and relevant wasn t it. You can do lots of wonderful things with a mobile and the Internet. 2 points. Anyway, where were we. Ah yes, Forex Trading via Mobile - clearly if you re doing this professionally then the main issue is related to data lag, particularly if your device isn t 3G. When fractions of a second can count (depending on your strategy / automation) then mobile is high risk. You should identify a forex platform which provides a decent PC web environment primarily - if that s good and timely, then the mobile service hinged off it is likely to be good too. Thestocktradingsystem.com, Stealth Forex has developed one of the best and cost effective stock trading software programs currently available on the market. No matter whether you are a complete novice or experienced stock trader, this exciting, low cost, and easy to follow software can enhance your trading performance. this is by far the best program i have found for the cost hope this helps Or check out the software for yourself www. thestocktradingsystem.com You may want to try a metatrader platform for a mobile device. There are several brokers that offer this service. http://www.forexnewstrader.com offers great information about different brokers and rebates. you can get Internet in mobile - days are with high technology. everything is available. all are closer to everyone - today with mobile you can do wonders. Get MT4 mobile directly from MetaQuotes. Then find a broker that doesn t use it s modified MT4 platform. or even better trade from a Trader s Virtual Desktop, which is so much better because it will keep your platform and EA s running 24/7 and you can access it from any device even your cell phone (with Windows Mobile).

Why is it in the interest of developing countries to have high forex reserves ? -

(high forex reserves)especially in the event of the financial crisis? also, how does it help a particular country if that country keeps its currency weak against the global currency like the dollar? what are the ways in which a country can artificially make its currency weak? http://www.ustreas.gov/offices/internati...

Which credit card is suitable for forex trading in india ? -

I need the credit card for online money transfer,ticket booking and little bit purchase.suggest me the cheapest and best value credit cards having low interest and annual charges. ICICI ,HDFC ,AXIX ,SBI ,BARODA banks are avaialable in my town. Thanks in advance ! ICICI One cannot do forex trading using the credit card. For other purposes which you have mentioned you can use SBI card. You re using a credit card to get money to trade Forex? No offense..... that s nut s (unless you have 5 years of very successful FX trading experience).

Monday, March 19, 2007

Do any one of you have idea on how rbi intervenes in forex market? -

i am doing a project on central bank intervntion in forex market. iam trying tom find out whether the methods adopted by other central banks like federal reserve bank of US. to implement in india. post ur answers here. i earn at least usd3000 per month using the free forex signal service below.. u should try it! 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..

Where amp; How can i download Forex trading software i.e Fx (forex, stock,currency)software online for free? -

I know http://forexfreedownload.com which allows to download the Fx trading software, foreign Currency Exchange Software, Stock Trading Software, Online currency trading software, free Forex Strategy Builder software, forex trading software. I need to know few more good,popular amp; best Forex software,trading software and from where i can Download the software instantly and begin using it. Downloading free system are just for demo account. You cannot actually trade there. I feel this is not a correct step of starting trading. software doesn t help in earning good returns.Have a good understanding of the function of the market in general and those that keep the market operational. Understand, not only the market you are trading in, put be aware of all the products and services that you can upon if needed. Understand the basics of trading such as never trade against the trend, limit any amp; all loses by using stop orders and lock in any and all gains with sliding stops. You want to start with Forex trading software, which allows demo account and have a money back guarantee. There is a good review of automated Forex trading software at http://retirerichguide.com/Forex.html Good luck You usually get some forex trading software with your online broker. You cant, but my friend bought both the softwares from the site: http://www.forextradingreview.info . and has made over 350 dollars a day on autopilot.

Forex forcasting , any one knows a good source for the currency prices ? -

I m new to the foreign currency exchange trading and am looking for a source that can forcast the market or can give a future analysis, and one have a knowledge about this ? Yu can learn about forex trading for free at - http://the-forex-trading.blogspot.com There may be something of use here.

Can I start trading with 500$ deposit at forex? -

There are a lot of dealing centers which allow to open trading account with 500$ deposit. Can traders earn money with this deposit at forex? Thank you for answers! It s possible to make money on Forex with just $500, however you ll need solid knowledge and some luck as well. With just $500 you can lose your entire account with 1 simple mistake. IMO the best thing you can do is to learn everything you can about Forex. Visit websites like http://www.freeforexebook.org/ and http://www.forextopten.com/ . This would give you some good knowledge. After this, test your skills on a demo account. Don t trade with real money until you re making good money on a demo account. If you only have $500 Forex is not for you. Try this: Minimum deposit is only $500. 9000% in 10 months with chances of winning 92.3%. The best of all, just do nothing to get the result. http://automaticforextrading.blogspot.co... Happy Prosperity Year May I suggest doing something less risky than Forex. Go to : low-cost-stock-recommendations .com Click on the quot;DRIP squot; Button on the Navigation Bar These Dividend Reinvestment Plans are perfect for small investors. They offer double-digit long-term returns, as well as provide a great deal of safety. And small investors can participate. If you decide you are interested, click on the quot;INGquot; advertisement on the same page, it will tell you the least expensive way to get started. Good Luck 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 you can try this site. when trading, you may deposit only the sum that suits you, or fits the amount that you are willing to risk. you can even start trading for as low as USD 50.00. There are a lot of better places to put $500. Forex is not for a beginner. You better know what you are doing or you will waste that $500.

For a forex trading beginner, can we just rely on a signal service ? -

If so, please share with me what is a good service. I used to subscribe to a service paying a fee every month. In fact I tried 3 different ones. One made some money for me for a while but I lost in the other two. So it depends on which service you choose. Why not get software to generate these signals and test to see if they give good results? It is much cheaper. Forex Killer is one such software. finding a good forex service can be hard at times, theres a lot of so called companys that end up scaming you in the end, heres a site great site that does reviews on all the sites and has blogs of personal experiences from people who trade forex with diffrent broker. www.forexpeacearmy.com as far as charting is concerned i would go with Ensigns software they have the best charting packages. 40.00 bucks a month isnt bad at all. hope this helps Hello, Sorry but I personally prefer to invest in my own Forex trading education rather than relying on a signal service. I wouldn t want my profits to be dependent on someone else. If the signal service closes down or starts charging exorbitant prices, I would have to start from scratch again. The answer is no and I run the cheapest service there is, I know this too because I have checked. I do not want you to subscribe to my service unless you do the following; Read my entire website. Attend my free webinars. Set up my free trend indicators Listen to my free audio library Read All of my technical articles on the website Ask questions. Be willing to papertrade or trade microlots with a stop order for 6 months. Then you are welcome to subscribe for $19.95 per month. After broker rebates it could be less. Good Trading Mark Mc Donnell www.forexearlywarning.com Hi Sat Tin, I personally do not rely on a signal service for my foreign trading. I actually use the hints and tips that I receive from the free newsletter at http://www.forex-trader-basics.us to be very helpful with my forex analysis. Good luck to you! 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 visit the http://www.forexupdate.biz Some good advice and guides here: http://www.estocktrades.info

Kindly help me to search forex reletaed domain? -

hi, greetings to all, i am planning to launch a forex website, kindly suggest me some domain names. Thanks in advance i suggest you go to http://www.nameboy.com and take in your main keywords and it ll suggest all the names for you, the quickest and simpliest method I know, and for some information on forex training, check out http://www.insightempire.com/Freeforextr... this book contains just about everything you need to know about forex

What are good websites for forex daily technical analysis? -

There are plenty of free Forex sites that provide great technical analysis. The best is www.fxstreet.com. I used to pay for a service that did much of the long-term (weekly and monthly fib levels, bank offers, cat reports,etc) analysis for me until I found fxstreet. The only downside is that they do have a lot of advertisements on the site but if you use adblock it doesn t matter. I recommend you learn EVERYTHING YOU CAN about forex trading before investing a dime. There s a free beginners guide you can download at http://www.forexfromscratch.com - just type your name and email into the boxes and they will email you the book. It gives you the 5 step process you need to take to learn how to profit from forex. Hope this helps? you may check this site. they maintain a daily report as well as the anaylsis of what happened the past week. good luck.

Is anyone using Freedom Rocks system to trade Forex? -

How long have you been using it? Are you making enough money with it to cover the $100 per month fee? I have been investing with the Freedom Rocks solution for about 4 months. The $100 per month fee is peanuts compared to the profits I have made and my clients have made in our accounts. I would be happy to share my results with you. I have just completed a study showing how the Freedom Rocks methodology would have performed over the past 10,000 hours (13.5 months) trading any of the various currency pair combinations. Feel free to send me an email and I will send both files to you for your review. Paul Upp The FreedomRocks system has been the best investment choice I ve ever made. I ll never get the returns I ve been getting with any other investment vehicle including Stocks amp; Real Estate. If you want to see real results I ve got them and I could put you on the phone with countless customers that have had phenomenal results using the system. It takes me about 15 minutes per week to manage it and its very simple and easy to understand. I would suggest that you start you Free Trial by going to http://www.wiseforexinvestor.com I ll be your personal coach to help you setup the system and answer any questions you might have so please feel free to call me or email me anytime. I look forward to speaking with you soon. I also have an excell spreadsheet showing FreedomRocks performance over the last 500 days.....It is absolutely amazing. Best Wishes, Rex White 503-922-1475 rexwhite@wiseforexinvestor.com 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: http://www.yourforexinvestor.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, Brandon Wells 877-773-5345 bjwells@yourforexinvestor.com