Saturday, July 28, 2007

Can I realistically make pound;100 a week on FOREX trading or is it pie in the sky? -

I think if I was trying to make £1000 s each week it would be very hard, but would £20.00 a day (£100 per week) be easier to achieve, I have done a bit of research but have not found a definitive answer yet. If there is an expert out there who will answer my question and point me in the right direction I would be very grateful. thanks in advance pazzamex, I trade forex and I would not say that is unrealistic. Im not sure what research you ve done but the answer lies in your ability to read and predict price movement, which takes time, sometimes years. But again id say with a $2500-5000 account balance, risking 2% of account each trade.. you can achieve $40(20pounds) a day with a profitable strategy. How to find a profitable strategy? Study technical analysis and learn charts, dont get caught up on anyones system or magical indicator. Get addicted to your pair and learn how it moves. Then you will find that your consistency becomes quite routine and easy. Check out www.trading-strategies.info. It costs but for a reason (free trial offered). Fxstreet.com is also a good site.

How should I advertise for my FOREX (foreign exchange) class on the internet? -

I give a class on FOREX (Foreign Exchange) and would like to start giving it over the web. How should I go about advertising for free on the internet? First you need to have a website which showcases your skills, knowledge, and track record. It should include details of what happens in each class, along with class dates, past and future, plus testimonials from people who have benefited from your classes. Pictures of the classes and up to date forex charts would help too. If you search for free advertising sites on the web you will find many good ones where you can post adverts to publicise your classes for free. Special offers would work well here. Always include a link to your website. For people who have attended your classes, always get their email address and keep in touch with them for refresher classes. Create a Yahoo Group and invite your class clients to join. Then you can keep them engaged with commentaries on how the various currencies are doing and the best trades to make. You could start an email newsletter with forex insights and trading tips, and get your customers to pay each month for your trading tips. Hope this helps! Katy Ortega http;//www.biz247.biz There are many sites offering study courses for forex trading. Look at some by doing a simple Google search for forex training and you will see what you are up against. This is a multi-million dollar business already (the training, not forex trading itself). Create your own website or blog with decent content, and submit it to Google, Yahoo, MSN etc and in time it will be listed in search engines and directories. It costs nothing to do that. You can create a blog ,update it daily with your forex content,for best blogging blogger,wordpress are best.

Has anyone used the software Forex Killer? -

Is it effective in trading the Forex? No forex trading software is perfect. Having said that, I ve used Forex Killer and think that it works when used correctly. My trading strategy is first avoid News events, then make sure I don t trade against the trend, then only do I use Forex Killer to determine when to enter trades. I never used Forex Killer software, But I saw good reviews about it. In this link you can see some opinions about Forex killer: http://www.forextopten.com/forexkillerre... Hope it helps. Good luck I don t know how to emphasize this... but; There is no software that will make you successful in FX. None. Success in FX is from disipline, good money management amp; developing your own system. Period. You will most likely ignore this advise. But; Consider Yourself Warned.

In FOREX, how can i forecast whether the currency pair USD/JPY is going to go up or down? -

what news do i read? any help would be great thankyou. If people knew what a currency pair or a stock was going to do we would all be rich. Some things to look at are the next weeks news events and see if any of them are big. An interest rate statement will give you a good idea of the direction. These events usually come out between 6:00pm and 8:00pm EST for Japan news. Since the US economy is in bad shape, you may wait for some positive or negative news to pick your direction. Try not to pick tops or bottoms. Try to stick with trends until they are broken. Use the quot;50% retracement rule.quot; To learn about this rule google for it. Other tips and trading advice given here: http://commonsensetrading.googlepages.co...

Where can i find forex education providers in Penang? -

i prefer the forex education provider to have a physical location, money-back-guarantee and free preview...i don t want to be forced into anything too quickly... you can try FX1 academy..i think it s the only one with physical location in Penang. it s located at Jalan Imigresen(behind Heritage Hotel 1926). They do provide Free Forex Class..it s kinda like a preview. I heard they offer 6 months money back guarantee if u lose even a single sen trading using your demo account.....u can visit their Malaysia website at www.fx1.com.my.

Forex Automoney -- is it a waste of money or worth a try? -

Does anyone here have any experience -- good or bad -- with Forex Automoney ? I did a Google search and read their so-called Secret Report but I am still no wiser. I shall be most grateful for any (and all) genuine responses. Many thanks in anticipation. Tried Forex Automoney for the last few months. Quite happy with the results. This system is a completely automated trading system. You don t have to go into difficult analysis to learn how to trade. In fact, it is good for newbies as you don t need any indepth knowledge about Forex. to answer it frankly, it s a waste of money. the market is so volatile that no amount of computerized maneuver can really predict the outcome of currency pairs. the market is influenced by so many participants that no single entity, not even a central bank, can control the market price. this means that the currency markets are truly independent - no one institution has control over its direction. you can mainly rely on your own personal judgment which all would largely depend on your strategies, tactics, strategies, experience, etc.. to augment your knowledge in these areas, i suggest you check your options in this site. here they provide each of their trader a personal Account Service Manager with whom you can discuss live via phone, email or chat. these ASMs are expert forex traders honed by years of experience and can give you the best human advice possible you need. they are even tasked to trade along with you in their platform until you get familiar with the system. register for a start. Forex trading is one of the most riskier tradings. You have to follow the world markets very closely to do trading here. Also you should be aided with strong technical analysis software in Forex trading. i answered this question to tell u * thank you* for ur praise.. ..but i don t think i m so great.. lol! May God Bless U !! :))

Friday, July 27, 2007

Need feedback on Forex Company , and What are the trusted companies working for Forex? Thanks? -

I usually go to http://www.forextopten.com to read reviews on plenty of Forex companies. We can t trust on everything we read there or anywhere else, but it s always good to have an idea of what customers think about a specific Forex product. Good luck Well, be careful ! In Switzerland you can open an account in pounds, and one in the other currency. Then you transfer the pounds with no commission. Then convert the cash at the swiss bank. Finally you take out your new currency from a cash machine in that country, with your cash safe. Swiss banks are very competitive so they will not rip you off like UK banks do. You will get less interest on Swiss francs and Euros but dollars and pounds are devaluing faster than 10% per year and nobody will pay you this much ! Just check Wikipedia : http://en.wikipedia.org/wiki/Forex That article can probably answer your question a lot better than most people here. However, if you re not talking about the general foreign exchange market, but a specific company, you should tell us everything you can about that one company, in order to get a better answer from us.

How do banks trade Forex? -

i read that banks are the biggest players in the forex market but i dont know how they trade currencies.Do they use an online broker or what.Also how offten do banks trade Forex-on a daily basics? Click on this site then follow the links: http://www.straightforex.com/wforex.html The banks have traders, usually one per currency for the major currencies. They all know each other s phone numbers and look at screens all day. When they make a deal, they wire transfer the money. The deal usually specifies that the money will move in two days after the trade.

Has anyone successfully used automated software in conjunction with forex trading? -

Being a complete computer nut, the idea of using a computer to evaluate current trends in real time and have it indicate the optimum buy and sell points, really makes sense to me. If you have had any experiences with automated software in the forex or similar trading platforms your answer will be of great interest to me It is quite interesting to see that there is an industry that supports forex software. But the thing is: if it were that easy to make money off an automated piece of software won t there be many millionaires/billionaires from such an enterprise? I m sure there are some profits to be made - otherwise there won t be people investing money setting up the infrastructure for it. But as to the magnitude of the returns? I m yet to see reports of any decent returns from software trading. I ve been using autopilot on a small account and the performance has been great. I also heard good things about one system that s called quot;profit Boosterquot;, but I never tested that one. Other software that s useful (but not automated) is forex killer. You can read reviews about these products on the following links: http://www.forextopten.com/forexautopilo... http://www.forextopten.com/tradingprofit... http://www.forextopten.com/forexkillerre... I have my own theory when it comes to forex softwares, and it is this quot;they are best used as advise tools to confirm your tradesquot; and not just used on their own. But be that as it may there are 3 out there you might want to look at forex killer, forex auto-pilot and forex assassin. I have forex killer and I might get forex assassin soon it is pretty new so I don t know too much about it. The choice is yours, I wish you well with forex I m not sure how advanced you are, but what the above poster says has SOME truth to it. If you re talking about algorithms that are commercially sold, they probably would not do you much good. However, say you have your own strategy it may be a viable way to doing things. I primarily use Matlab for analysis myself and you can pull live data from commerical feeds such as Bloomberg and Thompson with that you can model risk, run portfolio metrics, etc... Python and java work great with this stuff as well. Interactive Brokers is pretty friendly with you tapping in with the 3rd party stuff too. I know that they offer live feeds into a simulated environment, so you can run monte carlos with real time data. But all of this involves a lot of programming, so if can do it - it s there. Hope that helped. the market is highly volatile that no amount of mathematical expertise can guarantee a sure profit in trading forex. perhaps the best way is to get advises from real, live persons expert in this business. you can check your options in this site. they can provide you a personal Account Service manager who will guide you all the way in your first trading activities plus you can indulge yourself in talking to expert forex dealers in their chat room. still, a pool of human minds for advise is a lot better than any machine out there. Forex software is successful at losing your money. I would use a chimpanzee to trade forex before I would use software. I tried a number and I like Forex Killer. So far it has helped me make some money since I started it 2 months ago. I tend to be nervous when entering trades so the software kind of helps me confirm my intuitive feelings.

What is the best FOREX online platform? -

offers micro accounts? what are the spreads? what leverage does it offer? please provide details with your opinion here s one good if not the best forex platform i can recommend. for one, they boast of personal service, meaning, whether you are a newbie or an experienced forex trader, by opening an account with them they will provide you a personal Account Service manager to talk live over the phone, email or chat and discuss whatever aspects of forex trading you need to know. they operate on a web based platform and they have four accounts to choose, namely, mini($100), gold($500), platinum($1k) and vip($10k). of course, the higher account you choose, the better are your entitlements and benefits as a trader. their spreads assume deals of small and up to medium volumes and if you are a frequent trader dealing in larger volumes, they offer tailor-made account to suit your exact needs (spreads, leverage ratio, mobile-phone alerts, etc.). normal leverage offered is usually between 1:50 and 1:200 unless as stated above you are a frequent trader wherein you can negotiate your special terms. allt he best. It s a matter of personal preference. Everybody offers the same leverage and micro accounts. Sign up for the free 30-day trial and practice account and see how their screens work. Bring up two at the same time and highlight the currencies that interest you and compare the pricing. I prefer one called quot;Easy Forexquot; because it s so simple to use. You can see a full review of it here: http://www.forexfromscratch.com/easy_for...

What software and/or company should I use to trade forex? -

I would like to know a reliable and trustworthy company that will allow me to trade forex in Australia. If you re going to trade forex, then it won t matter. You ll lose whatever capital you try to trade on, no matter what system you chose. Well i will advise you not to use any of them you get Report Abuse hello, Forex trading is unique because of its exchange independent and time and place flexibility. Anybody from any where can trade 24 hours in a day in forex. Through by personal experience i could suggest you that Finexo (Finexo is a White Label of Saxo Bank) as the best company to trade with. Finexo guided me in each step of my trading career. when i was a newbie it provided me with forex glossary to sharpen by concepts, then when i started trading it supported me with market updates and tips. Also Technical charts made me to decide my trades. My accounts are managed by the best fund managers and thus resulting 100% returns on my investment. Therefore if you are looking for a reliable and trustworthy broker then login to finexo and enjoy trading not only from australia but from any part of the world. You may check your options in this site. They have worldwide offices particularly in the USA, Europe, Asia as well as in Sydney and Melbourne, Australia. Actually forex trading is basically done online, so you can be simply anywhere to trade as long as the platform you are dealing with permits. However, since you are in Australia and this forex company has offices in Australia, you have the capability to check the authenticity of this company and feel secured that you are dealing with a reliable, trustworthy and a vey legitimate forex site. One best advantage for you is once you trade with them, they will provide you a personal Account Service Manager (ASM) with whom you can call anytime over the phone to discuss any problem you may have or any information you may want to know. Your ASM will even trade with you to make sure you become familiar with their system. Minimum deposit required to trade is $100. There is no need to purchase any software as you can trade immediately using only your login information. Register and explore the site to confirm these claims. The key to picking a broker is one that is regulated by the NFA. You also want a broker using the Metatrader 4 platform, so you can test multiple strategies and auto trade. There are many brokers, but many are better than others, so do your research. from my long experience in forex trading markets , i ve tried many forex expert advisors and the last one i used was quot;forex tracer quot; and it gives me the best results, reliability and charting . forex tracer helped me get many really profitable trades . It s very easy to use and has many advantages , u can read more about at its website : http://www.forextracers.com quot;Does the slogan have any effect on you I make money online trading forex and I do not know what I am doing thats exactly what andreas is doing by generating his own signals why not you?quot; The benefits: - No Trading experience is required: Yeah..thats right, you do not need to have gone to any forex university to be able to use forex killer and make money online, thats what is go great about it! all you need to know is how to set it up and then you enter the buy and sell positions as dictated by the software! Create Forex Signals By Yourself: - This is the good part, with this Forex-Killer software you can now actually generate the signals by yourself! in fact, you would be trading better than those who think they know how to trade forex but yet they are sweating in front of their computer screens every morning wondering what to do and are losing big time! Just Few Minutes a Day Anytime You Like: - This is the part I like the most: You do not have to wait fr the signals to come through like with other softwares! with Forex-Killer...whenever you are ready you simply just pull out the software, enter the details of your trade and wham you are done. * You do not really need more than an hour a day or 2 max! The Best Home Based Business For Everyone: - Forex compared with affiliate marketing and mlm is actually a proven source of income! there is a large amount of money to be made trading forex and this is why Forex Killer is good as it simplifies the task of trading forex on your behalf! ...Generate Your Own Forex Signals For A Maximum Profitable Trading! Download The quot;Forex-Killerquot; Software Here: http://viralurl.com/smoky8/FK 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 (5 yrs experience). Here are reviews to the top three best selling Forex trading systems: http://forex-tracer.the-perfect-solution... Make an educated decision! FXCM, Oanda, Forex.com or any other Regulated Forex Broker. oanda.com

What are the most famous and trustful forex brokers which have been approved by important magazines ? -

Personally I use CMC Markets, GFT forex and Easy-Forex. It depends on where my money is and which strategy I m going to use on choosing which one to use in a trade. Good Luck Well that begs another question does the important magazines endorsed these quot;famous and trustfulquot; forex brokers ? Most likely than not, they received payments for advertisements with NO stings attached. Do your own investigation. Any registered Brokerage has good Forex People. That means they are not going to Scam you. But it doesn t alter the fact, that FOREX is an extremely risky investment vehicle, and it takes, lots of knowledge and access to instant quotes to have a chance of making steady returns. If you are not an extremely knowledgeable person in all forms of investing......STAY OUT OF FOREX A responsible broker wouldn t allow you to trade.

How to make sure investor at forex trading? -

Investor want fixed income. That s the character of investor at my country. I am looking for investor now, but my business at forex trading firm. how to make sure the investor for investing at forex trading? If I advertise , what is the best strategy or model ? Fixed income is not possible in forex. It all depends on market movements. You can have a strategy- you can make trading targets for example how many hours to trade, income per day target, trading strategy , use trading tools, etc.In this way you can attract customers for investing and can assure your customers fixed income as per their targets. Be careful while trading with market movements. Access to foreign exchange (forex), the most extensive market on the planet, is generally through an intermediary known as a forex broker. Similar to a stock broker, these agents can also provide advice on forex trading strategies. This advice to clients often extends to technical analysis and research approaches designed to improve client forex trading performance.

What is the best stratergy for making money in the forex markey? -

Not to sound cynical or anything, but new blood gets shed very quickly in this market. Three consistent winners in this field are: 1. The Firms 2. The Brokers 3. The Very Very Very Lucky Reason: there s no way you can have as much info as someone sitting on the trading desk of a major bank. Stick to stocks and bonds, and invest long term. Or, if you really want to gamble, play online poker. It s safer. (Not kidding.) read tips on investing and stocks to help you better on this site Since no one can tell you which way the market is going and I mean no one. You have to have a hedge. The best hedge that I know of and the only way to be right every time is at this website. www.freedominforex.com. They show you how to hedge your trade and how to make interest on your money daily and make money on trading over time. Following the program you will net you a great reward. www.freedominforex.com There are some great articles on http://currencytrading.hammocksurvivalgu... Check them out. Get a smart phone connected to the latest info. Sad part is you will need to have alot of capital coz the shifts are really small these days. If you really want profit, find a country, far far away, that few people know about perharps... and has liberal enough laws to let you make money and leave with all of it. The smaller the country the wider the forex swings are.

How much trader lost in Forex before they start profiting? -

I heard a lot of people said 90% of forex trader lose money. I wonder how long and roughtly how much the trader lose become they become the remaining 10% winners. How much you lose, and how soon you start making money is entirely up to you. The average learning curve to learn how to profitably trade forex (or any other market) is about 24 months. What you want is to get from day one to the time you are consistently making money with the least loss possible. Here s how you do it. - First open a demo trading account with http://fxtrade.oanda.com - trade that demo account until you know and understand when to trade and when not to trade. That defines your trading method. - Trade some more and fine tune your trading method. - when you can trade your demo account and be profitable three months in a row, then open a live trading account with OANDA with only ten dollars ($10). - with this live $10 trading account, set your leverage to 10:1 and trade only with 1 unit, and not the minimum one lot. - trade this live account with your trading method and fine tune your trading method some more. - when you are able to trade your live account and show profits three months in a row, then add more funds to your account. Let s do the numbers. Assuming you are such a newbie that you will bust your account each month during the first six months of trading. With $10 at 10:1 leverage, and trading only 1 unit each trade, at the end of your first six months, you would have lost only $60. Consider that as tuition fee to learn how to trade. During your first six months of losing trades, I am sure you would have gained a lot of insights on how to be a better trader. If you applied what you have learned recently, in the next six months of your trading, you will be breaking even, and may even start showing profits. The reason the majority are losing money trading is that they focus more on entry--when to buy and when to sell. The best traders you will meet will tell you that it s how you close a trade that counts. While you are working to get past this learning curve, learn everything there is to know about trading. Hope my input helps amp; Good luck! http://jsforex.blogspot.com Managed Accounts in Forex Trading most of ppl enter forex market to get a luxury lifestyle regardless of how much they can loss,they just look at the millions they can make out of this market. How to Lose ? what to Lose ? you can make 100 trades/month , 50 winners and 50 losers and you are still in profit. Main forex rule #1 , #2, #3 is profit:loss ratio in any trade , u gotta keep it more than 1 !!!! Greedy people lose in any branch of trading ! just try to get little profit and you will be safe. I think you are experienced the valuable hearsay in the stock market of Forex trading scams. Hong Kong is notoriously known as the international capital of scams in stock market shares trading and real estate transactions. Hong Kong is ruled by a fascist government and lead by the good for nothing Donald Tsang Yum-kuen and his investment think tank, Joseph Yam. Both of them are money takers and perverted Hong Kong citizens addictive to gambling then the government collects average 3 billion dollars duty tax each trading day in stock market trading, horse racing and soccer games wagering, real estate transaction, and Lotto 649. The following website shows many facts about Forex trading scams in Hong Kong. http://search.yahoo.com/search?p=Scams%2... To be honest - you ve got to expect to lose at least some money. It s a glorified version of gambling - where you re betting on the currency you re buying to rise in price. The best way to *not* lose money is to use the systems and techniques that already successful traders are using. And the best way to do that is to use a forex system that they ve created. I personally use quot;Forex Autopilotquot; by Marcus Leary because it seemed to be the most reliable to me. I found it at this website: http://www.fxsystemscompared.com/rev_for... Hope this helps you? thats because 90% of them dont ask for help. Take a look at forex tracer here: http://forex.lem4.com Good luck!

Whatamp;#39;s the rate of tax about forex and stocks in USA? -

I m guessing that you are not a U.S. resident or citizen? If you reside outside the U.S., your DIVIDEND tax rate will be a flat 30%, unless reduced by a treaty between the U.S. and the country in which you are a resident. If you buy and sell stocks and receive a net GAIN, you won t be taxed at all. I imagine forex is short term capital gain at your normal income tax rate. Stocks are normal income tax rate if held less than a year, or lower long term capital gain rate if held over a year. quot;Qualifiedquot; dividends are long term captial gain rate if you own the stock for at least a 61 day window around ex-div date. Options can complicate whether related stock is short vs. long term.

What is the best automatic forex trading system? Please share your experience? -

Forex Fap Turbo is Best Automated forex trding system,you can t get more than this.It s a latest EA in a market. Hi Alan, In my experience, none of them. The best automated trading system in the world cannot fully comprehend what s going on in the market. For example a world catastrophe can destroy a currency. Do you honestly think that a robot would have any idea how to handle that situation? Nope. It ll just trade the same exact way it always has, even hough the markets are going insane. I just don t know how anybody can trust something like that. Hope this helps. Try this amazing software http://tinyurl.com/7htxdu this is by far the most profitable auto-pilot forex trading system, it finds and executes very profitable trades for you 24/7, even if my computer is off. I trried a lot of software before but this one beats them all. Made $902 last two weeks. Give it a try, it s well worth every penny. Many of them are good. Most are bad. The good ones only work well with experianced, successful FX traders. They know what parameters to set in any given market at any given time. This skill takes years to delevop (plus a lot of hard work). The quot;robotsquot; that advertise to the unskilled are a rip off. Even if it s a quot;good robotquot;... the trader doesn t have the skills needed to maximize its use...... leading to financial failure. Fap Turbo seems the best for me. sell usd and buy euro right now!

There are many systems for investment, forex, stocks, bonds etc. What is more profitable? Can you name system? -

You really have to develop your *own* system. There are a lot of reasons for that: - If a purchaseble system is worth its money, why aren t the inventors using it themselves? - No two investors are alike: a purchased system might not appeal to your style of investment. - Only when you have developped and backtested your own system, it gives you the confidence to stick to it, even if you go through a bad period. I saw the Forex system on TV and I thought that it probably mostly makes money for the people who sell you the system. I think that investing in a mix of stocks with some bonds is best. It s slow going, but if you can make 8% a year, your money will double in nine years. (See The Rule of 72 for more info.) Slow and steady wins the race, invest on a constant basis, like every month. Good luck!

Thursday, July 26, 2007

What is the connection between interest rate,inflation, and forex rate ?can someone explain with example ? -

i want to understand the phenomenon of rupee depn, high interst rate in india. the economy plays the main role in defining all these factors as u might know inflation is the rise in the prices of the commodities now interest rates does not respond directly to inflation, but to control inflation interest rates are raised. what this does is it reduces the amount of money flowing in the economy, which reduces the demand for goods and services and there by restricting the demand side of inflation now forex rates is exchange rate of one currency in respect to another. it generally reflects the rate at which the economy is growing indian economy, as a matter of fact the global economy is going through the classical quot;BOOMquot; phase, which might be followed by the quot;RECESSIONquot; phase. the boom phase is where the economy grows at an exceptionally high pace which is followed by saturation of production. here the production is not able to keep pace with the high demand of goods (which is caused by the extraordinary income of boom phase), which leads to inflation. and this further leads to high interest rates to curb the demand

What is the best step to get into FOREX TRADING as a begginer? -

There is nothing wrong with being a beginner at Forex Trading. Rumor has it that all Forex traders started as a beginner at some point. I think what everyone is trying to warn you is to not invest or spend any money in the forex market until you know what you are doing. Many people enter the Forex market prematurely without understanding the risks or techniques to manage and reduce associated risks. These people very quickly lose their money. There are three important steps that will assist you in learning the workings of the Forex market. First, study the basics. I recommend http://www.babypips.com to all of my Forex colleagues Second, open a demo account and practice, practice, practice. With a demo account you will trade with virtual dollars instead of risking any of your own money. Third, find a knowledgeable Forex investor that would be willing to assist and guide you. You will find the Forex market to be quite interesting and potentially lucrative. You need to thoroughly understand the risks involved and learn how to best manage those risks. You will also find that any marketplace that has the potential to generate above average returns tends to attract more than it s share of questionable characters. Take your time and use common sense. Good luck, Paul The first step is to understand fundamental analysis. Then open a practice trading account. Then do mock trading for some time. Then do sample trading in your practice account. Probably if you are confortable, after that you can open a real trading account with a small investment. Alternatively you can open a trading account and follow what your trader or analyst does for sometime, then you can takeover and start trading all by yourself. I would suggest the second one, since you can interact with your trader and learn more than you would with a practice account. you can mail me at madgowkar@yahoo.co.in , i can probably give you more details. don t one of my teachers, Van Tharp, has been studying traders and trading for more than 20 years now. He used to start his intro seminar by saying that 49 out of 50 new traders will exit the markets within two years after having lost some, all, or more than all of their capital. {Other than as a customer, I have no relationship or interest in Van s operations.} *** Over here in America [I do not know where you are], we ve had a series of cases where the SEC alleges that bucket shops lured people into Forex trading with multiple lies and illegal actions, taking novice traders for thousands or hundreds of thousands per person. Please find out what a bucket shop is and why it would be profitable enough to induce scammers, con artists, and thieves to set them up. Then find out what it really takes to become a trader. {Hint: try the easiest, most general books from somewhere like TradersLibrary.com on the web.} [No, I have no interest in TradersLibrary.com other than as an occasional customer.] G day Beginners have no business doing FOREX TRADING. Raiddinn Beatdropper

Is trading the Forex easy and profitable? -

I have heard alot about trading in the Currency market. Is it easy to do? Can I make a lot of money in the Forex? go to: http://www.online-ebook-download.com/onl... and read the free forex ebook. and check these amazing sites, read carefully: http://www.online-ebook-download.com/aut... http://www.online-ebook-download.com/for... http://www.online-ebook-download.com/bes... Yea easy but need to be smart and alert. I play etoro and it is easy to trade and fun. Suitable for beginners. Currently, they offer bonus...eg you deposit 100$ you got bonus 25$ automatically in your account.(only for first time deposit-i wish i am new) You may read the review here. http://i-mint.info/2008/11/forex-trading... Good luck well you can make money in forex alright but it wont happen overnight unless you are really a very lucky guy. check your options in this site. for a start, register and download a Free Forex Ebook and a Free $50k practice account as well. if you are really serious, then you may open any of their account- mini, gold, platinum or vip- and you will be provided a personal Account Service manager to serve as your mentor, consultant and trading partner as well. nothing can match personal mentoring if you want to really learn forex trading. all the best. Hi Lucifer, there might be a lot of claims out there saying that anyone can make a lot of money in the forex market. I agree with that IF you have the right education in forex. You need to have trading discipline, money management, psychology control and other factors. So if you look at those factors above, do you think forex trading is still easy? :) I will say it is quite easy if you follow the rules of trading. Trading is all about following the rules and how you manage your money. Please do not jump into the forex market when you do not have enough right education on forex. Understand the fundamentals of forex first, understand how the market works, follow through a course, do some demo trading...and then I can say you are more or less ready for some trading. :) Yes you CAN make a lot of money, but you re up against professionals who know a lot more than you, and have much better resources. Pretty good chance you ll lose

How can I find the best forex fund managers with low minimum to start? Any ideas? -

There are some online forex brokers that will allow you to start trading with $50, even less. Just be careful and don t rush with forex. Take time to learn as much as you can. Forex trading can be very risky. no.....................stock options................performance bonus..........

What is the total amount of client funds for oanda forex MM ? -

Dose anyone know the total client funds, deposit liabilities or funds under management listed with oanda? No, I don t. They might tell you themselves. Also, a good attorney could probably find that somewhere for you. Oanda is subject to the rules of the NFT, and is based here in the US. I checked it out. I will readily tell you however, that neither of the two conditions above could stop Oanda, or any other forex broker, from going under. In fact, futures transactions (which include forex) are not nearly as regulated as the banking industry here in the US, and you can see what a mess the banking industry is right now, even with all that government oversight. If it were me, I would go with a broker who allowed me to place more stringent limits on my money (e.g. max 50X leverage). I would also find one whose account reps would really give me good info on technical analysis, fundamental analysis and risk management. And I mean spend some serious time with me on the phone. I would also find one of the larger houses that would be loathe to risk its hard-earned rep on a stupid decision. And of course, none of this means that Oanda, or any other forex broker, won t go out of business anyway. Because of this, once you have established a predetermined amount of money with one broker, then divide that money in two and place half of it with another broker. Spread it around, because it s highly unlikely all of your brokers will go out of business at the same time. Good luck! Remember to watch fundamental announcements. Technical analysis is no good all by itself. Good question! IMHO, it varies from day to day. According to OANDA s website, quot;We estimate that over 20% of the world s online spot forex transactions take place on OANDA s servers.quot; According to HubPages quot;Forex Trading Guidequot; by Mark Knowles, quot;One retail broker estimates the total retail volume at $25–50 billion daily, which is approximately 2% of the whole market.quot; Note that at present, the whole forex market trades at an estimated volume of $2 trillion - comprising of forwards, futures, options, spot, physicals and other derivatives. Therefore, as far as transactions is concerned, 20% of at least $25 billion per day = $5 billion per day exchanges hands at OANDA s platform everyday. At that amount, one can assume that OANDA holds MORE than $5 billion per day, on average, as far as clients funds is concerned. Forex trading-http://tradingsforex.info/

What is the real difference between forex spot and forex future.? -

besides that futures are centralized ecns at chicago and spot is none centralized. and besides the time difference of operations. please don t explain how its derived from the forward price etc.. There s just a difference in the premium, like in Samp;P futures vs index. I ve gotten better fills in the futures, especially when trading the reports, because futures are regulated by somebody and they can t rape you as easily, I suppose. Liquidity is excellent in the futures, just can t get that insane 100:1 leverage. There is no difference is there? Apart from the settlement. The spot price is the price if you are paying cash and the future price is the price you are paying sometime in the future. So the future is the spot plus the funding. Of course there could also be a difference from supply and demand between the two. forward booking is called forex future while spot purchase is called is forex spot. Trade Forex Automatically from Home Less Than 10 Hours/Week amp; Make More Than The Average Full Time Employee! http://www.forexsoftwarereview.net

What does forex factory mean and whats its importance to forex (Foreign Exchange) -

I would be greatful if you guys can tell me what you know about it and how it works Try Forex Tracer to help you understand you can download it here: http://forex.lem4.com

If i have a little over 100k, can i train myself for a year and be a guaranteed successful Forex trader? -

No. Trading in the stock market is gambling and gambling never guarantees success and usually ends up in failure. If you want to learn how to invest: www.saveyournestegg.com no. I mean, you cant guarantee that you will learn. I know you have the money, but that money doesnt mean you will make more money. What you are asking is a bit difficult to agree. Who knows if you will pick up as quickly as you would want to. I know I wont get 10 for answering the way I did, but its the truth. 100k is better spent on coins, or bonds. Its alot of money to lose if you dont know what you are doing on Forex. you can learn but try to learn with as little money as you can, try to find a teacher and be excellent trader at the same time, also search for best forex broker which is trusted, best forex software and many more... to shorten your way i can advice you with complete package of that in one membership forex club which you can read more about it at: http://forexbrotherhood.voocash.com Best wishes in your forex success What I did is trading forex through a couple of online brokers like www.fxpro.com or www.eglobal-forex.com and using only Expert Adviser, an automatic trading tool that will do the trading for you which will minimized the risk when trading manually. For the EA I used from www.viking234.com and they give me a magnificent monthly gain ranging from 8-30%! I ve chosen to use EA, because it is a program which makes us easier to trade in this very highly volatile market, instead when we trade it manually even by a highly experienced trader. I don t know about you but it works for me.... you can but spend 2 to 3 years in university for forex course...if you spend course online , won t be successful , go to german , brazil or usa to study forex , take offline course, below is the professional trader graduated from usa, germann and brazil , trade over 10 millions. Nobody can guarantee your success. If you find, better ran away from him asap... You ll make mistake and lose money in the first 10-100 trade. If you learn what is your mistake, you gain profits soon after that... FOREX is too risky. The safest investments could be made now only overseas. Guaranteed return is over 6% You should use online calculators like this one http://adaminvest.us/calculator.html to calculate your profits There s no guarantees in Forex but the free 5 step beginners guide at http://www.forexfromscratch.com will definitely help you a LOT.

In forex, what happens when a well distributed EA issues buys and sells at the same time? -

This is a hypothetical question, but would happen if you had developed an EA that was widely distributed. Specifically, I m wondering how the markets would react when enough people are all buying or selling huge 100 lot trades all at the same time. What happens when there are 1 million, 1 billion, 1 trillion users all running this EA? If you had an EA that was widely distributed and millions of traders use them 2 things would happen: 1 - The EA himself would become a profitable EA for some time, not because this EA has some value itself, but because lots of people were using it, and were all buying and selling the same currencies cornering the market (or almost manipulating the market). 2 - If this EA gets too widely distributed it will certainly stop working. First of all the market is now different with all of the buys and sells at the same time made by the EA. So, since the market is radically different, the EA won t be able to spot the same quality of trades that is used to. Besides this most of the people are usually wrong and lose money, so if you have millions of traders following an EA, you can be sure it won t work anymore. The EA will probably lose all the money it made on the previous years. I myself use an advanced EA which is very accurate and made me over 250 pips in the last week only. At first i wasn t trust in it but being has 60 day money back guarantee (Totally risk free) encouraged me to buy it and try on demo, then live trading, Really I liked it and recommend it now to all my close friends. you can read more about its features and sometimes give offers at : http://www.ForexTracers.com Best Wishes, EA won t be as effective as before since too many people will find out what the system is all about. But at the moment when everyone is buy/selling using EA, EA will just belly up for some people with all the traffic. What is EA? In the FX markets any SELL order to get executed should match a BUY order.

Wednesday, July 25, 2007

Does anyone know where I could quickly and easily learn how to invest in the forex market better? -

It seems like if I sell then it goes up, if I buy, it seems to go down. Someone clue me in please. I think you are talking about technical indicators. Well Charting technical indicators don t only cover Forex but also apply to any market at large. People use moving averages, bollinger charts, fibonacci, MACD and a whole heap of other indicators. These indicators will usually form part of a trading system that traders use to know when they sell or buy. Professionals usually make these systems through back testing and experimentation. Try the forex power course. I think all the major forex dealers use the same one. I did it through fxcm. It is worth the price if you dont konw what you are doing. The instructors are very hands on and wil help you with your trades by examining them and making recommendations. You can use Oanda and open a quot;fakequot; account to start with. You would be able to experiment with different strategies and learn more about forex in general. Once you feel comfortable you can start trading with real money.

Is the forex killer system a legitimate software and does it really work? -

I have been studying and practicing forex for a while and am thinking of buying this software as I have seen rave reviews about this product.As I am a newbie to forex this systems sounds simple and easy to use but i do not know if it actually works.Has anyone here uses it and does it work.Thanks your comments are much appreciated. If you use Forex Killer as a full trading system, you ll lose money. I ve test it deeply and I found that it simply doesn t work as a trading system. You can read some reviews about forex killer at http://www.forextopten.com/forexkillerre... . You ll see some people like it and some people don t like it. For me Forex killer doesn t work and there are much better options on the market. Good luck on your trading. Forex Autocash has never lose a Forex Trade In The last 8 years and 8 months! http://www.forex-autocash.com/ Report Abuse I keep hearing people talking about the Forex Killer signal generator, so I thought I’d give it a shot and see what happens. This review is based solely on my experience of Forex Killer. You don’t have to agree with me but this is what happened to me… http://forextradingscoop.com/f... Report Abuse I read this just yesterday: http://ezinearticles.com/?Auto... Might be of some help. Report Abuse Hi, I personally use the forex killer software and I have been trading the forex for about 2 years. This software is pretty new and I have only been using it since early Dec 2007 but I have had alot more trades ending profitably than ever before since I started using it. Check out http://www.mazumaware.com/forexkiller.ht... and get it for only $24 instead of $200 I also recommend learning the basics: http://www.babypips.com. Also http://www.etoroforexgames.com has a great platform to start with. Their platform makes it easy to understand what is going and it is unlike any other platform in the world. They also automatically put in stop loss orders for you, offers its services for free, and there are no commissions. find something at http://www.vc22.com/ Hi soul, Here are 3 articles you might find useful: 1) http://ezinearticles.com/?Forex-Trading-... 2) http://ezinearticles.com/?Forex-Trading-... 3) http://ezinearticles.com/?Forex-Trade-Si... Hope I ve been able to help!

What is the best broker to use? for the forex trading? -

I ve heard that FXCM and Oanda is best two to use? and is day trading a good way of making a living? if any of you are day taders could you please give my your Email address so i can write to you and ask you a few questions? please help me out people! oanda.com. you can open a live trading account with only $1 (more the better tho). Leverage is 50:1. Trading platform is reliable, either web based or download and ran from your desktop. i used to trade with fxcm, but switched to oanda entirely. The reason? i can add and withdraw funds using paypal.com. Feel free to contact me through my profile. For me, I m using Easy Forex. I found them quite satisfactory. They have many features I like and it takes only $100 to start.

Have you ever get much money from forex? -

How much did you invest and get from forex (foreign exchange)? Have you ever lost all or most of your money? Most forex traders start off with a demo account, but I have yet to meet any trader who makes an income out of trading the forex say that they have never lost. Most online resources recommend starting with atleast 300 - 1000$, but in my opinion a 5000$ account will allow you more chances to succeed, just because your tolerance is much higher. I haven t done any forex trading. But from what I understand, most forex-traders use up to 100:1 margin. Which makes trading very risky. Because on a 100:1 margin, all you need is a 1% loss on your investment to loose all of your money. It s the use of margin that makes it so risky. But if you trade only with your own money without any margin at all. Then currency trading probably is not any more risky than stock trading is.

Where can i find good sites for forex worksheet or draft plan or strategy plan for proffesional traders? -

forex trading free resources on: http://umgarticles.atspace.com/forex-tra... the australians make forex beer, try there site

Is somebody here making money on FOREX? -

I would like an answer from people who studied and have gone that road, please mention how you succeeded or how you didn t. Thanks. I tried playing around for a year but only in the last 2 months did I make substantially even after paying back my earlier loses. I think getting the feel is important. I also use Forex Killer and I find that it is useful for me to confirm my feelings. I would recommend Forex Killer software to anyone trading. Most of my friends like it but there are a few who did not find it useful. You can test it out. It is not expensive. It s easy to lose money in the Forex market if you don t fully understand the risks involved... I have a free Forex trading guide Forex Trading Traps! that I m currently giving away. You can get it now at http://forexsystemprofits.com

Tuesday, July 24, 2007

How can I make money Forex trading? -

Having a real tough time being able to make money trading the forex market. Anyone make consistent profits and care to share some tips? A traders biggest enemy is his emotions. Every trader experiences fear and greed and this is the number one reason why most traders fail. I also found it very difficult to stick to my systems rules because I lacked discipline. In order to be a successful trader you need to be able to stick to your trading system and control your emotions. However as you probably already found out for yourself this is easier said than done. For me I found success in the Forex market when I switched from manual trading to automated trading using a EA system. Give this a try: forexfunnelsystem.info babypips.com is all about learning to trade Forex and what tools, technical analysis you can use to do it. It s very difficult though, not only is the market extremely volatile, but trading times can be somewhat wonky (some of the best trading happens when European markets are open...but trading at 2am in NY is a little ridiculous to imagine). Also, it s different than stocks because you can see minute by minute how much your investments are moving and it can get very emotional. I lost about $2000 in Forex, after trading fake funds for about 6 months. It s really hard to get a handle on, but the first step is to make sure you have enough money (and a good understanding) to play the game. I allow the Oceanside wealth group to handle my money. I have just enrolled now. They claim to pay 15 % average on a monthly basis + there is income from people who you have referred. Innovative company!! Check this out if you want more information. www.oceansidewealth.com/braveleader or email me : braveleader@hotmail.com If trading was easy, everyone would do it. You are competing against everyone else, including me, so why would we want to teach you how to make money from us? That is the FIRST thing to understand. Inasmuch as the ability to predict market moves is sanguine. IT is important too to realize the breath of information ot readily available.

What is Forex traders income likely to be? -

all over the place, if you trade effectively with a good trade plan, you good make a ton, but even the big boys lose now an again, and you have to able to manage losses effectively and trade with a cool head, thats really why 90% fail. Every Forex trader s income is different. First, you should be aware only a small percentage of Forex traders actually make money. Of those that are successful it really depends on the trading strategy, the balance of the account they are trading, and the daily risk they take. However, I have been trading full-time for years and make much more in Forex than most anything else I could think of doing. A full-time Forex trader has to be disciplined enough to put money away during good times and be able to ride through losing periods. Good luck! There s a free ebook you can download at http://www.forexfromscratch.com This ebook shows you the steps you need to take to start trading successfully with Forex. You just need to type your name and email into the boxes, hit the submit button and they will email you the book! Hope this helps? -$10,000. That s MINUS ten grand. 90% of forex traders lose money. depends on how good he is. u can make a living on it if u got the time to invest At what firm?

Where can I get a forex tradeing demo account (site) and win monthly prices real money? -

I want to sing up for demo account to trade money like forex but I want to get one that gives prices like monthly price for the 1st trader. With so much confidence I would expect you to just jump into the live market, but a demo account does have that no risk safety net and if you can win prizes that is an added bonus. I suggest anyone that is new to forex to make full use of their safety net.I don t recall off hand any forex trading sites having monthly cash prizes but it does sound interesting. Good luck. I know of a few sites that allow you to trade using their systems on a demo account. That is how I started and found the system that I use. I am not aware of any that have contests like the one your talking about. I will keep my eye open for ya since I am online a lot and visit a lot of forex sites. Best of luck

Im nwe to forex trading can u make your 1st million by forex trading and can i talk to someone trading now? -

need help to make a decision about gettin into 4x forex trading is for VERY experienced traders ONLY. These software systems people tout online are all rip-offs and scam !!! You can make a lot BUT you can lose even more in 4X. A newbie would be free meat for the experienced to eat up fast. Sorry, but dem the facts. Follow the advice of Jim Rogers . Buy a currency ETF . Do not gamble in stocks or currencies. Although trading forex is somewhat difficult , but using the suitable automated system , you will acheive all your dreams. I recommend the same one as i use : Read about it here: http://www.forextracers.com Best Regards

Do any books cover the forex market? -

I didn t find anything in the library, but I m sure there are some good ones out there. Thanks for your help! Please check with the following link: http://www.goforex.net/forex-trading-boo... Lots of books cover the forex market. You can even find free ebooks on it. On http://www.freeforexebook.org/ you can access a free ebook on Forex. On http://www.forextopten.com/forex-ebook.h... you can read reviews on different ebooks about Forex. Presently, there are various kinds of financial market, it is divided into: Stock market, interest market (including bond, commercial bill and so on), more.....http://forexupdate.biz/?cat=21 Here are some resources where you can find more useful information: 1) http://babypips.com/school 2) http://forexsystemprofits.com Hope this helps. :) Focus more on fundamentals than technical analysis. Economic news analysis is what moves the markets. Here is a free site that shows what has happened after economic news releases: http://www.forexnewspatterns.com Some good advice here: http://www.estocktrades.info/guides.php you can refer to this leading forex site. register to download a free ebook. check the below mentioned site for your resources.

How does Advanced Currency Market / Online Forex work? I need your help! -

There is a so-called ACM, a company in Dubai that works on forex trading and currency trading. Honestly, I almost don t have any ideas about how this thing works. It s like I have to open an account and invest money. I don t know how it works. How will that benefit me? Will it make my money grow? And there s some kind of a software that has a lot of buttons, numbers, options, etc. I really can t figure out how it works. Please help me! You probably know this, but making money in the forex market is pretty much the same as trading in any market--you make money when you buy at a low price and sell at a high price. You speculate in the forex market, not invest. There is a huge difference between the two. When you speculate, you know and understand that you can lose a lot of money, and also make a lot of money. Investing is different. One only expects to make money when investing. It takes time and resources from you to learn how to speculate in the forex market. From what you wrote here, it sounds like you do not know much about this market, which puts you at a disadvantage. As a newbie, you might lose a lot of money for some time before you can even break even. If you want to pursue this, it might be best that you open a demo account and see if you can learn how to speculate and make money in forex. If not, why not find a professional who can help you manage your account for you? Good luck! - Jim Syyap, http://jsforex.blogspot.com Managed Forex Accounts Hey MJ, Forex means foreign exchange. Forex allows you to trade currencies with other countries. It sounds like you are a novice and it can be pretty complex stuff if you have never been exposed to financial markets and can be very risky if you dont know what you are doing. You could lose alot of money. I would suggest that you attend one of their workshops when they are in your area and also read over the information on their website. They have a section for people who are new to currency trading ,i think they call if Forex 101. You can also open up a practice account where you are trading but not with real money. Forex is trading in foreign currencies. You can make good income with forex because it is much bigger than stock market. A lot of transactions being done every day here. You trade here in pairs. You sell one to buy another and in the process you make profit. Forex has an unique margin leverage system which allows you to trade more the amoun than you invest.

Monday, July 23, 2007

Which currency is best to trade on forex market? -

There probably is no quot;bestquot; currency pair to trade in Forex. The EUR/USD, USD/CHF. GBP/USD and USD/JPY are known as the 4 major and are the most active and most liquid of all currency pairs. The choice of currency pairs to trade is more dependent on the strategy that you employ, your tolerance for risk and your investment objectives. Another element to consider is your trading timeframe. A daytrader would tend to have a short timeframe and as such is looking for volatility and movement of a currency pair in order to capture short term profits. Some directional or trend traders take a much longer perspective and look for a slow consistent movement over an extended period. The downtrend of the USD/CAD over the past 7 months might be a good example of that. Another group of traders may look to mitigate risk by deploying a hedge trading strategy in which they look for two closely correlated currency pairs that may move in a somewhat consistent relationship with each other. A hedge trader may be looking to generate a daily interest from their position or looking to take advantage of individual oscillations of the respective pairs. In this case maybe a EUR/USD and USD/CHF may be an example of such a position. So, in essence, there is really no quot;bestquot; currency until you have decided on your quot;bestquot; strategy. In the mean time may all your guesses be good ones. Paul Right now the dollar is suffering badly due to the subprime mortgage mess. Natural resource related currencies are doing well. These include the Canandian Dollar. This is not trading advice, just my observation. Try the eur/usd and the usd/chf.

Were can I get the data on India#039;s current accountt balance, capital account balance and forex Reserve? -

For the period of 2001-2006 Go to RBI site. If you re looking to start in Forex, there s a free book you can download which shows you how to start trading here: http://www.forexfromscratch.com It s a 5 step beginners guide which shows you exactly how to get trading in forex. It s really helpful - I highly recommend it.

How do i know how much long and short positions, and all positions are in a day in the forex market? -

I need to know how much long and short positions are in a day on the chart. Thank You. Short. Sorry Dan, but I am not sure I understand the question.

What is the best way to learn fundamental forex trading? -

Is forex trading worthwhile as a second income generator? Well you could take courses on US and World economics, read some financial economies books and/or know when and the fundamental news that affects price swings are reported. Stay clear during these volatile times because they can take out your stop in a heartbeat and a few beats later go back the other way. And remember that the news could already be mostly priced into the current price. http://www.forex.com/learn.html Link will answer many questions and answers you should know. I have 3 accounts (never put all your money/eggs in one account/basket). You can start with $500 when you can afford to open account. Since you are just starting you will lose money if you don t learn the basics, first. #1 best tip, don t trade your real money until you try trading demo account. When you can trade a demo for about 2-3months daily and make money then if you feel ready slowly start trading real money. So making and/or losing money depends on how well you can trade. For some it very profitable, for many it is not. So trading with the right tools and knowledge can become a very good income(s) for short and long term goals. And trade with the current trend. 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. They focus their training/trading on the Forex markets major currencies. 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 or want to see other charts, I can email them. Start 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 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. 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 Most Forex books and courses are on technicals, not fundamentals. Forex is more for trading not investing. Taking a good course on Forex is probably the best way to learn technicals and fundamentals in this market. If it s worthwhile as a second income generator, it depends on how much time you dedicate to Forex. Forex is a difficult market. If you like it and put time and effort on it, it can give you a great second income. Since Forex is a difficult market, In my opinion you should trade on a demo account until you make consistent profits. On http://www.freeforexebook.org/ you can download a free forex ebook on forex. There is a wise way to look at trading foreign currencies. Learn how ordinary people can make extraordinary incomes with FREE ACCESS to a unique foreign currency trading system at http://www.homebusiness-opportunityseeke... Here is another website that offers free resources on trading the Forex: http://www.forexvendors.com. If you can become proficient with trading currencies, you can probably make Forex trading your primary income... get a free forex e-book from this site. better still, register to learn more. Hi, You may want to download my free Forex Trading Traps! guide at: http://forexsystemprofits.com/ Worthwhile? Probably not. See http://commonsensetrading.googlepages.co...

Any software that can help me generate forex signals for Sterling ? -

Am interested to do intraday trading in sterling. I heard there is a London Forex Rush. http://londonforexrush.info I have a copy of London Forex Rush. Have tested it out for a month and the results are pretty good. Useful for me as I do intra-day trading in sterling. The results with London Forex rush are definitely better than those that I do without it. My friends are using London Forex Rush for their work. They recommended to me when I said I wanted to start on sterling.

Does the forex trading software like quot;forex tracerquot; really work to trade and earn money? -

If anyone here use this quot;forex tracerquot; system and please tell me your good and bad experience related to it. Hi, Here s the truth: If you want to become a successful forex trader, you must... 1) Always stay humble - Realize that at any given moment, you have the capacity to do serious and permanent damage to your forex account. In the blink of an eye, you can and will have your account wiped out if you are an undisciplined trader. 2) Limit your risk - Proper money management is the key to the long term survival of your account. Only risk a tiny percent of your account on any given trade( I usually risk 1-2% on any one trade). I recommend stop losses at all times. 3) Never be greedy - Always take small gains and small losses. With discipline and training, you can easily learn to be profitable with a 50/50, or even lower, win/ loss ratio. 4) Invest in your forex education - Learn to be a good technical trader. Study pivot points, support, resistance, and trend lines. Through my own forex training, I ve learned that all of the quot;get rich quickquot; systems and strategies will work one day, and not the next. Some are designed for trending markets while others work when the currencies are trading in a range. I ve seen many accounts blown up from using a system that was touted as the latest and greatest . There are quite a few forex training courses on the market. I ve studied and reviewed many of them. As a matter of fact, I just finished studying a course called quot;Forex Commanderquot; , which cost me $2000. There was a lot of great information in that course, but I still felt $2,000 was a little pricey. I ve reviewed a couple of my favorite forex training courses at my site listed below. I also talk about how I lost $10,000 one time in less than 24 hours. It was a learning experience for sure. Hope this information helps, Dennis They do work but they aren t the quot;magic bulletquot; they are sold as. These are called quot;Expert Advisorquot; scripts and work by plugging into MetaTrader 4. When you get the data from MT4, the script will then look through it and tell you where any profitable trades are. I use a script called quot;Forex Autopilotquot; which is great for finding nice profitable trades (I recently made 1,500 pips in one trade with it) but it doesn t really operate on quot;autopilotquot; as such. As for Forex Tracer - it s really just the same as Forex Autopilot... an Expert Advisor script dressed as a quot;forex robotquot;. If you want to learn more about it, then I d suggest you take a look at the free guide on http://www.fxsystemscompared.com - just type your name and email to download it. If you re interested in reading reviews about Forex Tracer amp; Forex Autopilot, then you can also see that site s reviews at: http://fxsystemscompared.com/forex_syste... Hope this helps? Forex tracer is popular, as well as forex autopilot and forex killer. I would advise you to do some research, http://bestforexsoftwareonline.com/ tells you all about forex trading and advises on what software to use. There are many different products out there, just make sure you find what is right for YOU. I have compared 3 different Forex trading systems including Forex Tracer. It does what it needs to, but in my opinion there are others that are easier to use. I was able to grow a $500 investment to $900 within 1 week, however this was less than I made with the other 2 systems. Sure it s not working. Who in a right mind would sell products like Forex Tracer. He or she will make money for themselves. I try in my demo, for about a month, my balance was -1017 pips. To make money in forex, you have to learn to trade on your own. Period! You might want to subscribe to some forex alert service, for your companion, but you have to trade on your own. Nice place to start 4xgenie.com i am trying now forex raptor. will upload it to my site, if you want to try. go to www.mexbank.com and let them do it for you. D

Can anyone give me their opinion on forex trading? -

I am looking into some different options to invest some money...property, maybe a forex account (i know, risky) already have the 401k and regular brokerage account with some stocks and mutual funds. Unfortunately, some people have evidently had poor results with their previous Forex experiences. One of the major problems with the Forex market is that it is so easy to open a brokerage account and start trading. Many times people will enter trades before they even have a basic understanding of market risks, money management principles, conservative strategies which mitigate risks and geopolitical influences upon the market. The smart move would be to open a demo account or two and practice trading, studying and understanding the market before putting any of one s hard earned money at risk. But evidently that isn t exciting enough and some people are in a rush to lose their money. Then they have the lunacy of somehow blaming their losses on the Forex market. There is $3 trillion per day traded in the forex market. It is the largest financial market in the world. Why would anyone think that no one can make money in the Forex market? All the traders that I associate with do quite well investing in the Forex market. Perhaps we are doing something wrong. My guidance to you is to take your time. Learn some various investment strategies. Practice with a demo account or two. There is no need to risk any money until you are comfortable with your Forex experience. Forex is a good way to invest money. If other people didn t have good results it s because they weren t given previous information and training. Forex is very big and there are many brokers working under this name but the companies have other names. For example, Finanzas Forex is very good and there are virtual conferences alive where you can participate with people from different countries. I m sure you ll like it very much! I m a member and everything is ok. Well, it s up to you now. http://www.finanzasforex.com/tenochtitla... Very few people make money consistantly on Forex. My advice is to stay away from, Forex, Options and Futures. Great way to lose money fast. Was that the intent? Anyway, even the 0.05% of successful forex players are speculators, not investors. Just save yourself trouble and head out to Vegas with a bundle of money -- the girls are prettier than in Forex, and there s free drinks, and you ll lose the money approximately as fast but with more fun.

Sunday, July 22, 2007

Professional Forex Trader, How can i get hired for a really good firm? -

How profitable are you? Can you document it? That s all it takes. if you are any good, a good firm will contact you,, Hey Alex, If you are a professional Forex trader why would you want to go work for a firm? It is much more rewarding trading for yourself than it is trading for a paycheck! Paul

What is the minimum amount to invest in forex (foreign exchange)? -

how much cost to open a forex account amp; what is the minimum amount to invest in forex Hi there, The minimum amount for opening a forex trading account is only 250 USD. At http://www.interbankfx.com Interbank FX serves clients from more than 140 countries and supports trading volume in excess of US$70 billion per month. The company is regulated as a Forex Dealer Member by the National Futures Association and is also registered with the Commodity Futures Trading Commission as a Futures Commission Merchant. check it our fron this site. you can open a mini account for only a hundred bucks or a gold account for five hundred. plus they provide personal service thru live conversation via phone, email or chat. all the best. minimum 15K usd to start , with their broker is minimum 50K usd google for HSFX Asset Management and start making money , in the end you will find it s the best way to invest it!

Any good forex training course? -

What forex training coures have you joined?And how about it?Or you know some very good forex education course in Singaproe? You can start by free courses like http://www.freeforexebook.org/ . Then you can visit reviews websites to find good courses. I personally like Forex hidden Systems, Super Forex System and Forex Mentor. I m from Singapore myself (originally from Australia) and combining evening courses in equity + forex trading with hands-on software training for practical exposure. Have you tried National University of Singapore? You can combine their part-time weekday / weekend courses with your own forex practice. Knowledge is as important as tools for profitable forex trading. I learned forex from the website below. It gives me a good introduction about forex trading. http://www.tjgroupforex.com I am trying out the forex raptor now.

Has anyone ever worked with Stellar Forex Consulting? ? -

Stellar Forex Consulting says it provides education in trading in the forex market. Wondering if anyone knows about Stellar or has heard anything. They say they ve been around since 2006. Never heard of it either. This program is doing wonders for me though.. http://0800forex.mobi/ Check the trading statements!! Good luck. Nope :S I have a couple of months trading currencies, but i never studied or worked with someone, I use a software, i m pretty sure that this software could be better than stellar forex consulting acording to my results : ) Here s the page if you want to check it out, i really recommend it to you http://www.robot4trade.com Have a good Day http://www.forexsoftwarereview.net

Short Selling Do the new ban on short selling apply to individuals and Index#039;s forex too? -

The FSA in London and the SEC in USA have banned sort selling. Does this apply to the index s forex end eminis too and does it also apply to small investors? Do you think this move will help the markets? or is it a knee jerk reaction for a scapegoat for weak markets? and bad government policy s? What do you think? the type of investor is irrelevant - it would be the types of investments that are banned from being sold short - I haven t read the details yet, but definitely stocks are banned you bet ye.

Looking for a forex money manager with proven track record? -

We are looking for experienced forex traders who are managing client accounts of at least over 1M+, should have a proven track record of 1-2 years with average monthly 5-15% gross using perfect risk management with low volatility. Two professional promoters (USA and Europe) would be able to refer millions. Pls contact forexchoice@yahoo.com This is probably not the best place to advertise the positions, but it is free. So good luck to you. Maybe it will work.

Are forex trading signal software reliable? -

I m new to forex trading and want to know if there are any reliable forex trading signal software out there? Yes, there are a few reliable forex signal software in the market. If used correctly, they can be quite accurate. I got mine from http://www.secretforexsignals.com I found that it s more reliable with the 4 hr charts and used together with support and resistance lines. This is probably the most efficient market on the planet, and any canned software program is likely to be unreliable. Without scale, it is very difficult to trade profitably on a consistent basis in forex. Even some fairly large banks have closed down their currency trading operations as spreads have become razor thin with the advent of electronic trading. My advice is to find a less efficient market, or at least somewhere where you will have an edge. However, for my 2 cents on trading platforms, Wealth Lab is useful for back testing strategies, and Ninja trader is a very good execution platform. Most of the software are not reliable, however there are a few that could make you money. http://www.forextopten.com/forex-trading... here you can find some Forex softwares rated. http://www.forexpeacearmy.com/public/oth... here you can find more and more Forex products rated. Good luck. It is always best to learn how to actually trade than it is to pay for signals. If a trader is so great why the hell would he need to sell signals? If the trader is really a good trader he would not need to be making an income selling signals to new traders. Some of the sites I recommend you check out for free education. www.babypips.com www.forex4noobs.com www.forexfactory.com Forex 4 Noobs has a chat room (it is free) the owner is often in the room and he alerts us when he gets into a trade. Babypips is great for basic education. Forexfactory has a large forum but honestly you learn a lot more stuff in the Forex4Noobs and BabyPips forums. Don t pay for signals learn to trade!! Hi Lamb2Light, If you re talking about signal services, there s one caveat I ve to warn you about. Sure you can find good/excellent signal services but here s the question ... what happens when the guy providing signals is actually gone for one reason or another? Is that what you would call reasonable? On the other hand, I strongly suggest that you take a look at non-blackbox trading systems that have proven to perform well in the forex market consistently and that don t cost much. LondonWhisper is an example of that. If you re really committed to profiting from the market consistently with a reliable and well thought out mechanical system, then waste no time in heading over to http://www.forextradingstrategysystem.co... The system is backed by not just a 100% guarantee but a 110% moneyback guarantee so you ve simply got nothing to lose. Hope that helps buddy! =)

How does FOREX positions trading work and what is the profitability? -

what exactly is a position? a lot? what is the advantage in investing now that the economy is in shambles and the dollar has depreciated? I don t know a lick of this stuff so please be specific, thank you! You take a quot;Forex positionquot; when you enter the Forex market buying or selling a specific currency pair at a specified price. The size of the position is determined in quot;lotsquot; or units. For instance, lets imagine that you have a Forex account that you funded with U.S. Dollars. The first trade you decide to take is to buy 100,000 units of EUR/USD. At the moment you buy those 100,000 Euros you simultaneously sell the difference in the exchange rate in Dollars (136,000 approximately). If the price of the EUR/USD at the moment you bought was 1.3600 you now hold 1.0 lot (commonly referred to as 1 standard lot or 100,000 units) of EUR/USD long. If the value of the EUR/USD climbed to 1.3700 and you exited (or converted your euros back to dollars) you would have made $1000. I am sure, you now have many more questions. I believe it would be much easier if you took one of the free Forex courses online. The easiest is www.babypips.com/school but you can google to find others if you prefer. As for the advantage of Forex now over other asset classes. Well, the biggest advantage is that there is no such thing as a bullish or bearish Forex market. You can make money Forex, no matter the market condition if you know what moves the currency market, take a disciplined approach to trading the market, and have a solid trade/cash management strategy. As for the claims by many that Forex is a quot;scam,quot; let me say this. Do people lose money in Forex? Sure. Are there companies out there willing and able to steal money from unsuspecting Forex newbies? Absolutely. But if you are careful, smart and educate yourself about Forex you will be fine. The potential in the Forex market is unlimited - but the dangers are also great. Take your time. Don t rush into it. Find a few mentors and you can make it. It seems you have yet to get a good answer, so here it goes. Position trading is simply where you take and keep a quot;positionquot; in the market. It is essentially the opposite of day trading in that day traders never keep a position overnight. So technically if you open a position and keep it past quot;closingquot; you are in a position trade. Now this is a little tricky to define in the FX as the markets are open 24 hours so the reference then becomes if you keep a position open past closing in the market time zone you are trading (ie. london). Position trading has its advantages in that you do not have to be glued to the computer screen like you do in active day trading. That is the upside, the downside is that you need to have a fairly well funded account as you will have to sustain larger market swings than a day trader who is only looking to quot;scalpquot; pips as he/she trades throughout the day. In other words day traders are not ususally in the market long enough to sustain huge market moves. Position traders are usually trend trader looking at long term trends or they are fundamental traders who enter a position based off of fundamentals yet dont know exactly quot;whenquot; the markets are due to move in their favor. This means that they will just enter a position and wait either for a price objective, a percentage gain, or if they are a commercial trader, until their hedge is closed. Hope that helps Happy Trading - Jay If you are looking for real-life examples of position trades and other types of forex trades I recommend you go to http://piphut.com I think it is better not to get involved with stock market trading activities nowadays. It is better to keep your savings in the bank. I think almost all financial institutions are scams in Hong Kong and the US. You can view the following website about Forex scam in HK. http://mojostock.com/blog/forex-trading-... http://search.yahoo.com/search;_ylt=A0oG... This followings will provide you a basic knowledge about stock markets. Don t try to get rich quick scheme. You will become a loser eventually, my friend. http://en.wikipedia.org/wiki/Stock_marke...

Saturday, July 21, 2007

How much averagely forex trader earn per month? -

If you are full time forex trader, how much pips should you get per day? Between 50 to 300 points. ......Want to improve your Trading Strategy ? Dont just improve your technique. Improve also your Trading Strategy. Read more about it as taught by Dr Alexander Elder. Check out this compilation of Forex books. http://www.geocities.com/lcming/Forexboo... Hi Jedi K, No matter what anyone tells you there is no way to predict future returns on the Forex market. The perfect example was this last week when we experienced the worst financial crash since 9/11. Fortunately my wife and I had came across the FreedomRocks strategy several months ago and this past week really affirmed for us the power of the system. While most people we’re experiencing margin calls and large drawdowns we we’re no where even close and actually gained on our portfolio. It’s a very safe hedging system, does 95% of the work for us, and take about 15-30 minutes per week to manage our accounts. We would be more than happy to share our experience on the Forex and using the system with you so feel free to email or call us anytime. Best Regards, Brandon Wells Ph: 877-773-5345 www.yourforexinvestor.com

Where can I get the best education or schooling to trade in the Forex market? -

I was wondering because I really want learn about this market...but everything that i see out there is websites...are there any colleges or universities that offer classes. Where is the best place to learn about this great market? To JW, I guess there are many tutorials , seminars, classes and similar other things which teach forex but would cost a fair bit of money to do. But i always believe that if your willing to put the time and the effort, you can learn and do so by yourself. The way i learnt was simply through the world wide web. There are literally dozens of sites with excellent content. The one below is extremely useful especially for novice traders who want to learn more about the forex market, like yourself :) They also have a free/ official forex e-book from Easy Forex (NFA listed broker) For experienced traders, this website also provides the latest economic and currency news from around the world. It also has articles written by professionals, for professionals ( and also novices). Hope this helps! Good luck! tradingacademy.com is the only company I know that offer classes in their quot;physical officesquot;. But you can use websites like freeforexebook.org, babypips.com or topforexeducation.com to learn forex. Good luck. Try this babypips.com You may want to download my free Forex trading guide to learn more about the Forex market. A lot of the free websites out there don t really give you the full picture, and are there to lure ignorant traders to put their money with certain brokers. Learn about what Forex trading is REALLY like, here: http://forexsystemprofits.com Easily the best site to learn about forex trading from is http://www.trademoney.com It has whole books there that you can read, videos, and other stuff to learn, and it is all free. great site.

Can you trade Forex any other way than online and still get leverage? -

You can trade offline as well. You have to open an account in any case with a minimum deposit. On the basis of the deposit leverage is decided. Leverage is given by the company while the deposit is yours. Think twice before trading on the leverage as you may have to bear the losses too heavy.It is advisable to use the leverage only in rare and consequential cases. Yes, pretty much every broker also offers a dealing desk, that you can call and place orders. These are still used because a back up to computer failures must be in place. So if you ARE watching online and approaching an entry or exit or wish to change your stop placement, and you computer goes down or you lose you internet connection, you can still call the broker and complete your order. forex is normally traded online. this is to assure you that you get live, real time quotes/prices. however, certain trading sites can offer you special privileges if you are a frequent trader dealing in larger volumes. you can go to this site if you wish to check your options. it will lead you to one of the leading, legitimate and reliable forex trading sites today. register and inquire about their special trading terms. best of luck.

Hello, I would like to know if there are any alternatives to Marketiva for retail forex trading? -

I am new to forex trading and would like to know if there are alternatives to marketiva. Marketiva has plenty of competition. You can check some at http://www.forextopten.com/forex-broker.... i made a little over 5k last months with carbon copy pro needs some investment tho Please Click: http://investing-in-woodland.blogspot.co... http://broker-valas.blogspot.com/ or http://youbet-on-market.blogspot.com/ http://www.forex-ratings.com/

When trading the Forex market, where can I listen in on to live FOMC meetings online? -

When trading the Forex market, where can I listen in on to, or watch, live FOMC meetings online instead of waiting on a text news provider? It appears you have burned your fingers recently due to the reason of Bernanke s speech on inflation and slow growth. When you trade, that too forex, you have to follow different mechanism. Keep track of financial events at http://www.briefing.com/Investor/Public/... that will no way help you to improve your trade. Best forex trading requires you to close your trade with in half an hour or maximum on hour Are you doing commodities trading. If not and would like to learn visit uscommoditiestrader.com You may start using www.briefing.com It is a paid site.. but very helpful. Let me know if you need to know something else at kgirishram@yahoo.com Do you want to know how to do day trading, or do you want to learn day trading stocks: http://www.sharemarketinstitute.com/affi...

Which one auto forex is best for mini lot or micro lot? and all the market trend? -

Please give clear detail for one who using in online and which one is best setup for EA? woudlnt recommend autopilot, imo. learn technical analysis yourself and trade forex. goodluck but more importantly be careful. p.s. before you trade, read as many books you can or you will most certainly fall

Friday, July 20, 2007

I want to write an e-book about Forex trading and what is the best way to find contributors? -

find forex trader at http://theclickinfo.com/forexpro/ Try some forums www.forexfactory.com is the largest Some other good ones www.babypips.com www.nondealingdesk.com/ www.forex4noobs.com

Does anyone buy foreign currency and keep the currency in cash form? Whatamp;#39;s a good site to track forex prices -

Free Advertise ,Forex investment ,Free Forex Practice account too . Earn Money in Forex Trading Best of all Forex investment only 1 pip ( lower spreads ) Account Sizes: Mini Accounts: $250 - $5,000 Contract Sizes: Mini Accounts: 1k (micro), 10k (mini), 100k (standard) Free Practice Account too. Swap Schedule: Mini Accounts are swap-free. Leverage/Margin: Up to 500:1 on Mini Accounts Interest on Unused Margin: 2% annually. Trailing stops are designed to lock in profit levels. Try TSX - Toronto Stock Exchange. They keep a good tab on currency rates. The answer to your first question is that there are people who do but You don t! Why? Unless you are in a foreign country buying products or services and also inflation will erode your cash. You use your cash to invest and make money from money. The answer to your second question is not only do you need a good site to track forex prices, you may also need to trade accurately and to reduce margin of error. I recommend this site to get you started at http://tinyurl.com/27tymz Feel free to email me at danieltayhh@gmail.com if you have any more queries. Cheers! Daniel Tay.

Whether is it possible to acquire private investors to allocate fund for trading in spot forex online trading. -

Respected wellwishers I have experiance in trading spot forex through Refco Singapore IN 1996 TO 1997. Afterwards I gone to other field. Now i am intested to trade in forex. But not able arrange fund now. But i am very confident about my capacity to trade successfully. Kindly guide me to get right tips regarding this. Thanking you. Refco, as in the company that went bust? So you traded forex for a year or two, ten years ago? What guarantees have we got that you won t run off with our money??

Have any Investments(like Stock Market,commodities,Forex,etc.,) Account tracking Software ? -

I Need Low cost portfolio tracking software.. By tracking what do you mean precisely? Most Forex broker platforms give you account statements and can be set up to email or SMS you when something significant you specify beforehand happens in the market. They will also show you all your open trades and trades you closed in the past. Platforms are free when you sign up with the broker. Is this what you mean by portfolio tracking.

Forex Currency Trading - Which Of The Forex Currencies Have Been Strongest In The Past 1 Year? -

USD, JPY, CHF and EUR have been the strongest currencies in the past 1 year while GBP, CAD, AUD amp; NZD have weakened a bit. Overall, JPY amp; USD are the strongest in terms of absolute gains. From a trading viewpoint, I ve seen a lot of scalping , given the volatility of currencies amp; the forex markets. Specially with the USD rallying against the EUR amp; GBP, it s given some very interesting trends to take profit pips.

Thursday, July 19, 2007

What are the best offshore stock and forex investment brokers? -

Offshore from what country and what do you hope to gain from this choice? Investing offshore if you are a US citizen is ILLEGAL and will end up with your *** thrown in prison. What you need is an expert is creating a holding corp in Dutch Antilles which can then trade your money for you (then any broker will do). This is RISKY. The laws are complicated. You need someone who is expert both in creating these entities and, if need be, defending them in court. That s if you are a US citizen. For foreigners, the US is the world s biggest tax shelter. well you can have a look at this site. they enable you to trade anywhere in the world where internet connection is available. if you are quite new in this business, they provide a personal Account Service manager for each trader to answer all technical questions you might have and will even trade with you till you get familiar with their system and you can use your credit card to fund your account, so anywhere you are should not be a problem.

I want to know where is the best place to start in learning about currency trading or Forex market? -

The website at the bottom specializes in giving novice/beginner forex-traders helpful fundamental information regarding large and detailed introductions on foreign exchange, forex-trading tips, concepts, fraud warning info, trading safety info and also excellent, detailed information on the Major currencies of the world and the Central Banks that go with it. There is also an article written especially for novice traders, where a more advanced trader is writing about his experiences in forex-trading during one day. All these articles are for novices and beginners, but the very first link at the top of the list below is especially written for novices. On the home-page of the website, it will show the latest news on economies and forextrading and may help you while you trade. Hope this helps and its all for free. First ,you can go to a university to study currency trading knowledge,such as Massachusetts Inst.of Technology(MIT),then go to a investment backing .

Forex Currency Market Trading - Which Forex Signal Generator (Software) Gives You The Best Results? -

Specially from the viewpoint of forex data mining, analysis and reporting, which currency trading system meets your needs for a quot;power toolquot;? Talking from pure, personal trading experience, nothing comes close to Forex Tracer. It s fast, seamless, sophisticated (works like joy with my broker a/c)... and almost gives you the feeling that for forex currency market trading, you re in charge of a very powerful profit predictor . I admit, I have my own methods of forex automation, but the truth is I never look beyond a single power tool for a forex signal generator (or software). It s a system that s proven and works for me. That s the only thing that counts. Looks like the source link is broken. Here s the updated site: http://ForexTracer.50webs.com Report Abuse Watch out, most systems, probably all systems under 10,000 dollars a month wont work for extended periods of time. If they did their owners would trade them, get obscenely rich and not mess with you. Good systems are often sold to hedge funds for millions. As a novice you would have a hard time judging signal quality until its too late, I personally designed my own software so at least I know what to expect and I dont need to rely on some third party. Investing in your own education is best so that you are in control. For successful trading, 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 Forex is for experienced traders For you to buy some POS software and think you can make mone is crazy. Thousands have lost money on this idea. The companies selling this software are scams. It s Not For Everybody http://robotstock.info

Wednesday, July 18, 2007

Does quot;forex made easyquot; system work? Can someone explain the trading of the four currencies. Should I get this? -

Does quot;forex made easyquot; system work? Can someone explain the trading of the four currencies. Can anyone do the trading from their home computer? The headline and name quot;Forex Made Easyquot; is a gimmick to get new customers. I would say the company is legitimate, but the name is simply an advertising ploy to draw new customers. They ve tried to make the quot;processquot; of setting up a Forex account quot;easy,quot; but you have to go through the same process anywhere you open an account. The gimmick here is that it implies that quot;trading the Forexquot; is quot;easy.quot; It seems to imply that all trading is quot;Easyquot; as long as you sign up with them. If that were true, we would all be rich. Trading is the most difficult endeavor you will ever undertake. To think it could be quot;easyquot; is unrealistic, unreasonable, irrational. Dream on. hi, you can try easy forex. the pioneer in forex market. http://www.bernanke.cn/easy-forex/ wish you make a fortune! good Luck ! The 4 currencies or the Trading in the currencies of the 4 major economies. Forex or exchange rates is quoted in pairs. The 4 major trading economies would be USD for USA, Euro for European countries, JPY for Japanese Yen, Sterling pound for British Pound. And in the forex market it is quoted as : USD/JPY EUR/USD GBP/USD and of course CHF/USD for Swiss Franc AUD/USD for Aussie Dollar. As far as system is concerned you have to take it with a pinch of salt, if not the world would be full of millionaires by now. It still requires personal jusgedment. And like most system which suppose to take the psychology out of trading, it just does not happen. Psychology of a trade, a profitable trade and a losing trades are probably the killer of most traders if they care to admit it. Money management is the next crucial element. In fact entry and exit may just account for 30% of a successful trades and account equity. Get the book by Dr Alexander Elder, quot;Trading for a Livingquot;, he is by far the best author that explains the behind the scene so to speak of forex trading. http://www.geocities.com/lcming/Forexboo... Good Luck ! Forex trading can be done from your home computer at one of the online trading sites such as www.forex.com. I highly recommend opening a demo account first and playing with that for at least a couple of weeks. I have been very successful at forex trading, so it certainly does work. Even my mini account that I started for $250, I was able to make it over $5k within six months. However, you have to keep in mind that it is very high risk, and there is a good chance to lose money as well. I have also dedicated a lot of time to trading, I do plenty of research before I enter a position, and I use all tools and information available to me. I have known some people that have had absolutely no success whatsoever. It s certainly not for everyone. You have to get a quot;feelquot; for the market, and some people just can t. You can get a great deal of information on the forex websites, in their quot;educationquot; or quot;knowledgequot; link, faq s, and of course, nothing beats the demo account. An excellent book to get you started is titled quot;Forex for small speculatorsquot; by Noble DraKoln. It is a very quick and easy read, and will certainly point you in the right direction. I have found many other Forex books too complicated unless you are thoroughly familiar with Forex and Finance vocabulary. If and when you do open a live account, start small and put it in your head that you are going to lose that money, and that you are basically paying to learn. Good luck. For your information visit http://net-new.blogspot.com/ and search

Tuesday, July 17, 2007

Is it true that true that you should limit any one trade to 2-5% of your forex account? -

I m going to check out some books from the library, but could any knowledgable investors shed some light? I don t mean to be lazy but I have a lot of my mind + by helping one person it helps everybody. (Atleast those intested in trading.) The name of the game in Forex is Capital Preservation. Let s say that on Friday, you bought the Dollar against the Yen (USDJPY) in a standart $100k lot on 1% margin - that s an investment of $1000 from your account. Here s a chart: http://forex.tradingcharts.com/charts/in... At 8:30am (EST) the US Unemployment numbers came out and the dollar rose to 118.2 Yen from 117.4 in less than 1 minute. It s likely that price gapped and even if you had a stop in place, the best available price may have been well above your stop price. Let s say your stop was executed halfway through the rise - 118.6 Yen. That 0.4 Yen rise would have given you a loss of roughly $340 - over one third of your investment. If you limited your trade to 3%, that would have been a 1% loss of your entire account. If you had traded 30% of your account, you would have lost 10% of your entire account in that one trade. It s great if you had bet on the dollar going up but not so good if you bet on the dollar going down. People that bet big trying to strike it rich invariable wipe out their account quickly. The idea is to survive a bad day to be able to come back and try again the next. well if Forex Trading is a Triangle. Money amp; Trade Management and Trading Techniques forms the base points. With Trading Psychology at the Apex. Yes Money and trade managememt is important. Whether 2% or 5 % of account equity depends on factors as volatility and the size of trade. On a 10,000 equity, 5% is $500. Depending on your trading and position sizing, $500 is not sufficient. Over the years I have read probably more books than I can count, I have compiled the best ones here, especially by Dr Alexander Elders check it @ http://www.geocities.com/lcming/Forexboo... It sounds like you are like me where many times you find yourself to busy to dedicate the time necessary to trade in the forex market. I personally like to trade at about 7-10 % margin. But it really does depend on how much you have in your account. I have a lot of clients that trade at 3-4% margin but they are working with 6 figures +. For the average trader you should never exceed 10 %. As far as having a lot on your mind I am like that as well and that is why, when I stumbled upon the FreedomRocks system I was in heaven. I was spending hours a day and now I am spending only a few minutes a day. I have seen my profits increase and my life simplified. Two sites to check out: http://www.babypips.com and most important http://yourforexinvestor.com I hope this helps, Brandon Wells 877-773-5345 http://www.yourforexinvestor.com