What are the most important things to know when begin to work on FOREX? -

You re going to have to be more specific. What s the most important thing about building a house? We could go on forever. The most important thing people tend to overlook is the use of leverage. I don t know of any other market with 200:1 leverage. Trading stocks on margin at 2:1 leverage is considered risky, and stock index futures at 20:1 is extremely risky. How much trouble can you get into with 200:1 trading currencies? Just because you can, doesn t mean you should trade with huge leverage. Depositing $100,000 and trading one contract would be no leverage, or $10,000 and one mini contract. Trade the simulator first, and when you start making virtual money, then risk you own. Forex simulator: http://www.expertworx.com/pm/Forex%20Mar... http://www.premieretradeai.com/ http://www.forextv.com/FT/Video.jsp?chan... http://umgarticles.atspace.com/forex-tra... http://www.fxstreet.com/rates-charts/usd... http://forex.tradingcharts.com/ http://www.dailyfx.com http://www.forexbastards.com http://www.forex-options.com/ http://4xcampus.com/ Here is the broker I use: http://fxdd.com/ ------------------------- Learn By Hands On Forex Trading: Demo Accounts Vs Mini Accounts By Amber Lowery If you are new to Forex, you are likely overwhelmed by the sheer amount of information you are finding about currency trading. Although the concept of trading the currency markets is simple to understand, the actual trading methodologies and understanding of how, why and when trades are executed can be hard concepts to grasp and fully understand. If you aren t aware by now, forex trading is not without substantial risks. There are several schools of thought on how a new trader should progress from learning to actual live trading. In this article we will discuss the best ways for a new trader to learn how to trade the forex and make their first live trades. To start out, I can not stress enough the need for hands on trading. This is why you will often hear it recommended that new traders start trading with a demo account. What is a demo account? Many online forex brokers offer something known as a quot;demo accountquot; which is a fake account that you can trade until you feel comfortable trading your own funds. Demo accounts behave just like real accounts, the only difference is that the money you are trading is not real and no actual trades are ever executed. The purpose of using a demo account if you are new to Forex trading is to get you comfortable making trades and to help you become familiar with the brokers trading platform. You can cut your proverbial teeth so to speak without risking any of your own funds. This makes demo accounts good for a brand new trader who just wants to see how trading works. There are some drawbacks however to using demo accounts to learn Forex trading. The biggest downside to using a demo account is that you will likely only be able to trade standard size accounts with a demo account. If you intend to trade mini accounts, as many beginning forex traders do, a standard size demo account is going to behave differently than a mini account. Your margins are very different for a standard account versus a mini account. If you become accustomed to trading a standard size account, your trading methodologies will show it. This is because the larger margins offered on standard size accounts allow you to take greater profits from smaller movements in currency prices. The other major downside to trading with a demo account for learning forex is that as a trader, you need to carefully manage the emotional aspects of trading real money. Since a demo account is fake money, detachment is easy to come by. Once you start trading your actual funds, you might just find that your tolerance for risk is much more conservative. Ideally, as you are learning to trade you are also learning how to manage your risks most effectively. So what is a beginning trader to do? What is the best way to learn to trade the Forex, hands on? Once you have read, studied, and completed any courses on Forex trading that you may be taking, you are ready for probationary live trading. The single best way to trade the Forex is to just Do it. Now, this does not mean to jump in and trade a full size account with real money, this would be an enormous risk for a new trader and not a very smart move indeed. What you can do is to find a broker that offers mini accounts. Mini accounts typically start at $200 and typically give you 100:1 leverage. That said, as of this writing, there is one broker (Easy-Forex) that allows you to trade a live mini account for as little as $25. For less than you paid for any of your books, courses or training materials, you can actually try live trading. You will be amazed at how after just a few trades, the stubborn concepts seem to start making sense and you begin to understand Forex trading. Now, if you do decide to begin your trading with one of these tiny mini accounts, you should start by making several very small trades. You should also be trading with the same system or methodology that you are trying to perfect. Your profits will likely only be a few dollars since you are trading on a small margin. This is good, however because the reverse is true as well, you are only ever risking a few real dollars. If you happen to have a series of loosing trades and wipe out the funds in your demo account, you can consider it the least expensive education you could possibly get in actual forex trading. Much better than loosing large sums of funds, and more realistic than trading a demo account. Just learn from the experience, and consider it a good deal on a valuable lesson. Once you are comfortable trading your mini account, you can always have it converted to a regular account (with an additional deposit) if you choose. Overall, it cant be stressed enough, the best way to learn the Forex is to have experience with live hands on trading. This article showed you ways that you can do this at a minimal cost and with the smallest amount of risk. Hi, you can try forex at this : http://www.bernanke.cn/easy-forex/ i also suggest a great site with plenty of Issues related to your Investing and everything around it. it also provide clear and accurate answer to many common questions. I am sure that you can get your answers in this website. http://investing.sitesled.com/ Good Luck and Best Wishes! You don t say what your job is going to be. I assume you didn t go to B School so I ve attached a couple of sites that can help you. Get the lowdown here.

What forex broker pays the highest interest on rollover of currency pairs? -

Hi, I have been trading for nearly 3 years. I would recommend Etoro, very innovative platform which makes your trading very easy to understand truly unlike any other platform you have ever seen, I guarantee it. They also have some of the smallest spreads I ve seen - 2 pips. They have free unlimited demo accounts and you can compete for cash prizes with your demo account. The USA version is here: http://www.etoro.com/B165_A579_TClick.as... Hi. Well I dont know your method of trading but if its carry trading then this would be a good thing. But if you are jsut a swing trader or daily trader, having a high rollover can be a bad thing depending on the pairs you are trading. I believe EFXGroup though has the highest from my own personal experience. Happy pipping!

I want to know how to how to trade in forex? -

i want to know the basic things i require to trade in forex, as i just got to know about forex trading. Hi, here is a collection of informative articles about investing. a free online investing tutorial for you. http://www.investingtutorial.info/ good luck ! wish you make fortune from investing ! Forex trading can be very risky for beginners who don t learn what they re doing properly. Make sure you learn how to properly minimize your risk before you start to trade. There is a superb free Forex course at: http://www.onlineforextradingsecrets.com... that will help you get started quickly and profitably. This site has some links advertising Forex trading. http://www.top10traders.com Forex trading is a risky environment, it does envolves good profit but also huge losses. visit http://www.stifxonline.com/education-for... they are providing free education. and you can ask them any questions or open demo account with them. It should help you to make your hand settle in trading style. best of luck. well , since I been come to seee different forms to make money in the stock and changes, the forex, and if you are a begginners is very risky....I high recomend you read and have a good perpective in how you really going to make money in the forex.......and you never been a investor.....try the stock market.....there is a good website in which you can start learning to trade, with out risking any money( well is call Paper trading, is the best way to lear, the basic and see if you can be a good trader) www.Investopedia.com try is free and you have even a lot information and you can learn basic and advance knowledge. There is a 10 day free trial I came accross which might give you a head start. Other forex bonuses on page also..and access to your personal mentor, Aden Rusfeldt.

Anyone know anything about Forex Trading? Can you really make money from it? -

Can you really make money from it? I have seen some advertising for, but I really don t know what it is. There are a lot of nay-sayers about Forex, I was one too but I decided in March to give it a try. I found a great free online resource (babypips.com) and found a broker that offered a free demo account (there are several so I won t name names). Since March I have made over 74% in Forex! Not real money yet, but very soon I am going to switch to real money once I am convinced I can make money on a consistent basis. There are TONS of Forex scams you need to watch out for though. For more information you can check out my Forex blog: http://yarcofin.wordpress.com For non-professionals, the people that make the most money are the people that sell the programs and software, and the people that collect the commissions. Consider this: if a person could make so much money buying and selling currencies, why would he waste his time working at a job selling the software? Currency trading is a zero-sum game. That means for every person that wins, there is a person that loses. Consider who you would be competing with -- professionals and companies with lots of money and lots of experience. What are your chances of winning against them? There will always be a few people that get lucky and make some money and the advertising will tell you all about them, but it will never tell you about everybody else. Yes, you can really make money from it, you can also really lose money from it. Forex Trading refers to trading the valuations of one currency against another. for example; if GBPUSD is at say, 1.9700, then you can get $1.97 for ￡1 This is also margined, traditionally 1% - so for $10,000 - you can play with $1,000,000 so, let s say you have your 10 grand, and you sell $1,000,000. You now have ￡507,614.21 as a position. Now let s say the rate changes 2 hours later to a big jump of 1.9800 - that ￡507,614.21 has gone from being worth $1M to being worth $1,005,076.13 - a profit of $5000. Conversely, if the rate fell to 1.95 you re now valued at $989,847.70 - you ve lost everything. You ll be pleased to know this is quite extreme, and prices don t really move instantly like this... they move in quot;pipsquot; - a pip is 0.0001 of whatever currency you trade (hence minimum position sizes are usually 10,000 of that currency - commonly USD) but that means you only need $100 to get started. If you have some disposable cash, and a will to learn charting and the meaning of interest rate movements, CPI, PPI and other economic indicators, then sure, get involved, but I d suggest margining yourself at a higher rate, 100% if possible (i.e. you don t take on a position larger than the total amount of money in your trading account) If you know what you re doing you can make good money on Forex. If you don t know how to trade, you can lose all your money. If you re starting read everything you can about Forex so that you can learn how to make money in this market. Some good starting points are: http://www.freeforexebook.org/ http://www.forextopten.com/ http://www.topforexeducation.com/ http://www.forexhiddensystems.com/ http://www.babypips.com/ First what is Forex: The FOREX or Foreign Exchange market is the largest financial market in the world, with an volume of more than $1.5 trillion daily, dealing in currencies. Unlike other financial markets,more....http://forexupdate.biz/?cat=7 Hi Ebony, I know how it is to be a beginner forex trader. I have to admit that I did get some help from a newsletter that I got for free from http://www.forex-trader-basics.us Good luck to you and your forex trading! Hi, Yes, you can certainly make money from Forex trading... but it won t be easy. Learning to trade for yourself will take considerable time and effort, but the rewards will be more than worth it! :) 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 trading platform with best point spread? -

What is the best forex trading platform with best point spread? Try this, No need to guess. In fact nothing to do. http://automaticforextrading.blogspot.co... 9,000% in 10 months by doing nothing. 92.3% winning chances. You can open an free Marketiva forex \gold\fund\indexs online trading account , with $5 reward and $20000 virtrual fund for practice .Just click the following link to open an account. http://www-forex.spaces.live.com

Is there a good guide on when to enter and exit for forex trades? -

I work for a bank and I still get quite nervous when entering trades. But I found a new software that is very useful. Forex Killer. It gives the forex signals for entering and exiting trades. Maybe you can check Forex Killer out. It s not expensive. My office mates also like it. There are plenty of guides, unfortunately most of them don t work. You can look at reviews websites like http://www.forextopten.com/ so that you know what could work well for you. I ll tell you the right answer, but it s probably not what you want to hear. No offense, but if you are asking those questions, you should not be trading in Forex. FX is not for beginners, and even advanced traders lose fortunes in FX trading. If your desire is to hedge the dollar or make money off of currency fluctuations, there are far better options than FX. i.e., companies that benefit from currency change. Not only will you make money off the currency fluctuation, but you can possibly make additional gains because the company has other strong factors. Another possibility is a foreign stock. You ll get the gains from the company, and additional gains from the fact that it s a rising currency when you switch back. Try zorro trading guild they make 600+ pips in January alone Email me if you want buy low sell high. 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. 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. And don t trade against current trends. 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. 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. Best Wishes, Burt Whitley Yes. A list of Best Answers to this question are given here: http://commonsensetrading . googlepages . com Look for discussions on the quot;50% retracement rule.quot;

Where can i find free forex trading strategy? -

Hi Mohamed, I guess the main questions is what kind of strategy do you want? Do you like technical analysis where you watch charts and patterns all day? This technique helps you make an educated guess which way the market may move. Do you prefer the excitement of trading on news releases and based on history and predictions take a guess at which way the market will move? Or do you prefer something like hedge trading where you can make money whichever way the market decides to move? Now I need to warn you, investing with a hedging strategy is not as exciting as technical trading or getting up early for news releases. Hedging trading is a long term investment strategy where you settle for a more conservative approach in generating consistent long term profits. The problem is that with hedge investments you will have to find something else to occupy your time during the day:) I d be happy to send you some info on any of these three strategies. May all your guesses be good ones. Try Barnes and Noble or Borders bookstores. If you cannot even afford a $1,000.00 Online Course then DO NOT INVEST IN FOREX. Most of the FX trading strategy s that cost $$$ are scams. Free ones are simply a joke. Here s the real scope; You have to do FX yourself. Spend a year reading amp; papertrading. Remember, over 95% of the investors in FX lose most of their account. Bsmtprediction provides Forex Traders with FREE access to daily AUD/USD, EUR/GBP, GBP/USD, EUR/USD, NZD/USD, USD/CAD, USD/CHF amp; USD/JPY forecasts through this website. At Any Time / Any Day (we ll straight away post the signals here in real-time if there s any triggered) 1 hour, 4 hours amp; daily forecasts are published on this site. The predictions are good from the moment they are published until either it reached the take profit target, hitted the stop loss or another new prediction of the same currency amp; timeframe unveils on the same / following day. Essentially, the prices shown are for an unknown period.. That s why we encourage you to subscribe our FREE Google Groups newsletter to get the latest signal updates sent to your e-mail from the very 1st minute it was published.. Check out the following site for various strategies (video based). I found the teachings very useful and easy to understand.

I am interested in learning the Forex Market, can I get into this without much capital? -

Is there a need to have a large start up capital to get started in this industry? I don t much money at present, but I don t care how long it takes, even if i only invest a little at a time and keep adding it as profit, anyone experienced at this type of investment? I trade in the forex markets . I started small and lost money at the beginning but now a few years later I help people learn by forming investment clubs. Basically what I do for no fee is I form the club and then teach the members how to invest and how to reap the rewards. The forex market has the potential to return at least a 5.3% on every trade but you must learn about the market indicators and you need to relize that not everyday is it going to be a day to trade. Learning the market is very important as you need to see and fortell economic changes that will affect your trade. The clubs I help form are simple and the risk is not as great as if you went in without any knowledge. To date all members of every club has made at least a minimum of 32% Apr which is not as high as the professionals who trade every minute of the day but not a bad return at all. If you want to learn more please write me at billone44@yahoo.com or wgbill1@comcast.net, with specific questions and I will try to help you William Galloway Hey Leigh, Th ething that is great about the Forex market is you don t need any money to learn it. Most brokers will let you setup a demo account and actually use their software to trade with quot;virtual dollarsquot;. This way you don t risk any money but you get a great exposure to how the Forex markets work and how you respond to the ebb and flow of the Forex market. A couple of good free sites you can learn from are babypips.com and IBFXU.com. Good luck and let me know if you need any help. Paul

How do I come to understand in simple terms forex trading? -

If I have the money, how do I make it grow in forex trading? Forex trading is just like any other financial investment tool. Takes money and some smarts and patience. Although their are a lot of perks with forex trading such as 24 hour trading, largest liquid market, and very high volatility, one should still educate themselves as you would on any type of investment. Unless you just do not care about your money. First I would recommend learning up on some technical analysis. Just search that phrase with quot;forexquot; in front and you will find millions of resources. Then educate yourself up on fundamental influence on the currencies. Everyone finds there own knack at trading the forex market so don t blindly fall into a so called forex guru s marketing trap. check out this site and register for a Free Ebook. this will help you a lot in understanding the forex market and how it works. the best part of this site is you can avail of the services of a personal Account Service manager who can guide you in all aspects of forex trading. since you are a beginner, you really need to have someone guide you and work with you on your trading activities. good luck.

I want to know if there is a genuine active forex trading in the world and which broker is genuine broker? -

My life has been distroyed by this internet scammers. Please help me out. You can look up for reviews on almost every Forex broker on http://www.forextopten.com/forex-broker.... . Also you can read the free ebook located at http://www.freeforexebook.org/ since it can give you good clues on how to find the few honest brokers on the market. Hi, You may like to download my free Forex trading report at the link below: well, you can check this site. this is a purely legitimate site and is actually considered as one of the world s leader in forex trading. among others, they provide prospective traders the following: Personal account management; Live training, one-on-one help; Rates, Limits and Stop-Loss; No software download; Instant Deposit with Credit Card; Start trading in less than 5 minutes; Margin trading with US$100 and up; Feeze the Rate you see and trade Forex online; No hidden costs; Security and Safety; Special Terms for frequent traders

Can anyone recommend a forex system that the use and trade? -

I am interested in learning this however there are so many different options to choose from. I would like to know what works and what are you opinions. No. The reason is simple: No serious vendor would offer Forex Trading Systems. Here s why: Though they call it the quot;Foreign Exchangequot; there is no exchange. Prices are NOT regulated or standardized as they are in the futures markets. In fact, when trading Forex you are trading against the broker and not against other traders.That s why they can quot;guarantee fillsquot;. You are trading against the house, and the broker takes the other side of the trade. Keep in mind that you receive the forex quotes from your broker, and he can basically display any price. Take a look at the following Forex quotes. All three screenshots were takes on Tuesday, March 21st at 3:30pm US Central Time. I used three different websites to obtain the quotes: ** (I can t post graphics here. Please visit http://rockwelltrading.helpserve.com/ind... to see the graphics).** Take a look at today s high of the USD/EUR currency pair: * The first data source reports it at 1.2164. * The second dat source shows 1.21595 and * The third data source reports a high of 1.2166 That s a difference of 6.5 ticks (= $65!!!). As you know, all indicators and trading rules are based on the following five data: * Open, * High, * Low, * Close * Volume There is no volume information available when trading Forex, so you re already limited when creating a trading system. And then there s the difference between the data sources, which causes the following problems: * False Signals If your trading system is based on the high of the previous day, you would have to enter the market tomorrow at .... uhm.... 1.2164? ..... or 1.21595? ..... or 1.2166? ..... or maybe something completely different? * False Fills Let s say your trading system gave you a signal to enter the market today at 1.2160. If you d be using broker No.2 you would have been filled, but what about Broker 1 and 3? Probably no fill there. Do you see the problem? How can a serious vendor offer a trading system, if you get false signals and false fills? i used the fibonacci amp; it works !!! about difference quote, in a normal market, the 3 - 4 pips diference is acceptable in a hectic market, the 10 - 20 pips diference is normal. its common among the FX trader amp; if we able to make some profit from it, that is the art of FX market that do not exist in other market happy trading

How do i start forex trading and how long does it take? -

visit some free websites like babypips.com, forextopten.com, and moneytec.com. Open an account at Fxtrade offer the most cheapest spread 0.9 pips for E/U You can open an free Marketiva forex \gold\fund\indexs online trading account , with $5 reward and $20000 virtrual fund for practice .Just click the following link to open an account. http://www-forex.spaces.live.com http://www.wikiaffiliates.net/forextradi... quot;Forex Trading Course?quot; comes to you as an ebook. We did this so you can pick up your copy right now and have it downloaded onto your computer and be reading it in less than two minutes. No need to drag a CD player into your office, or worry if your computer is able to play teaching videos. The purpose of the quot;Forex Trading Course?quot; is to prepare you to enter the exciting field of currency trading and, more importantly, to put you on equal ground with successful traders. There are several possible reasons for buying this course. You may be a total newbie trying to learn as much as you can about forex markets before you attempt to trade. You may be a beginning trader, made a few trades, lost some, won some, however you have come to the conclusion that you don’t have a real edge and if you continue you will slowly burn most of the capital in your trading account. Or maybe you are already actively trading currencies and you are always looking for new ideas to improve your trading… In any case you have come to the right place. quot;Forex Trading Course?quot; will teach you: * You will learn how to properly use TA tools and how to combine them into winning combinations * A unique proven winning strategy that can be applied to any major currency pair explained with easy to understand examples * How to set up your own professional trading workstation for a fraction of the price * How to properly use leverage * How to spot the exact best time to enter the trade either on a long or a short side * How to use volatility to your advantage * How to prepare for a trading session * How to properly use Fibonacci Retracement Levels * Which order types should you use and when you should use them * How to determine the most important support and resistance areas based on the previous day s info * Where you should place your stops * How to use Economic Calendar * How much capital do you need to start * How to obtain the most reliable real time quotes and charting software * How to properly use quot;trailingquot; stops * How to use info from the previous trading day to your advantage and much, much more... check out this site. among other features, you will have personal account management and live one-on-one help to answer your queries. and you can start trading for as little as $50.00 only where you can increase your level once you get familiar with the strategies. Checkout babypips.com; its a very informative school for free forex education. After finishing the school visit it s forum frequently. About time it takes, you will find out yourself as there is no standard metrics to say so. Anyway go slow and steady and you will reach your goal. Cheers If you are seriously thinking of investing into the forex then I would say wait a few years with this. I was also thinking to invest in it, but I realized I didn t have enough experience to even make small profits. that s why I decided to look around for a mannaged forex account. There you will find people who have manny years of experience so they know what they are doing. look at this: http://my-robottrader.blogspot.com/ This are only results made in one month! If you want I can put you in direct contact with my money mannager... He can give you great advice!

How do i start on line forex trading? -

I have never traded online, inshort I am a greenhorn but i have a great interest in this investment type Go to: www.BabyPips.com First things you need to know about Forex Trading; 90% of all new traders into FX lose close to (if not all) of their quot;investment accountsquot; in 90 days or less. Many of these people have years of trading experiance. You don t. FX Brokers are terrible. All of them. Your job is to find the least worst for the type of investing you plan to do. Check out the broker reviews on: www.ForexBastards.com Don t put a penny into the FX market for a year. Take that time to learn everything you can. Look back at this quot;answerquot; one year from now. Consider yourself warned. you have to read and read, try not to get carried away. Remember you have to be careful and practice a lot http://forexandforex.com/ http://howtotradeforex.biz/ Report Abuse I know exactly what you need... I have been trading successfully for 1 year now, and its because of the 12MinuteFX, its a free course, link below The reason that some predict that Mark Vincellete will be on the cover of Time magazine is because of his brilliant strategy he developed for the Forex market. He is revolutionizing investing. Making huge amounts of money and retiring young is not just for hedge fund managers. Soon to be a Forex industry standard investors following this program have been making unheard of returns. I have not seen anything like this. Due to compliance issues I cannot reveal the returns on investment but when you demo the program you will see for yourself. Once you see the power of the program you will confidentially tell everyone you know about it. That is why the company is growing 40% a month by word of mouth and has traders in 81 countries. This is a Forex hedge strategy that reduces the risk in this emerging market and anyone can invest because of its simplicity. It takes about 10-20 minutes a week to manage your account. You can follow the strategy with play money until you see how it works and are comfortable with investing. Don’t take me word for it though. Research the strategy. Watch the video presentation on the site below. It will explain everything through the video. www.currencyleader.com. Best Regards RULE OF 72 $5,000 @ 12% a month = 1.2 million in 4 years. 19 million in 6 years. Hi There! I Got This For Your... As Always, Its Always Better That You Get The Info Firsthand. So Check It Out Yourself, Im Pretty Sure You ll Discover Something...

Out of all forex traders, what percentage are successful and can someone reference it? -

10 percent are successful and 90 percent aren t. No reference. 5 to 10% are successful. This information is all over the place in lots of Forex websites.

What is the most reliable FOREX trader that I can deal with and ? -

Need a FOREX broker that will allow Expert advisers, and will not manipulate the data against me, or prevent me from posting auto trades You re probably best using MetaTrader4 with Easy-Forex. That s what all the EA s are coded to work with anyways. If you want a review of Easy-Forex, you can check out the customer review at http://www.forexfromscratch.com/easy_for... You do need to be VERY vigilent when entering the Forex market... because you just don t know what you re going to come up against. Most of it still is unregulated. If you re looking to get started in Forex, there s a free beginners guide you can download at http://www.forexfromscratch.com - it shows you the 5 steps you need to take to start profiting from forex. It s a good read and it s highly recommended. that i will recommend to you http://www.eforexmarketplace.com/ it is with affiliation with easy-forex which is one of the top forex broker online.has been voted favourite among many forex traders

Are there any Forex discussion boards that are active (have a lot of volume)? -

I searched for a while and every forum i found has posts that are from few days to a few months old. I would like to find a forum that is relatively up to date. http://www.forexfactory.com/ http://www.moneytec.com/ http://forums.babypips.com/

How can i trade Forex successfully ? -

Are you already trading or thinking of going into it ? To trade successfully you need alot of discipline, patience, take the emotions out of it and be analytical. Like all things some people make money some people dont. If you are, please try a demo first for at least 4 to 6 monts. If you cannot resist the temptations of quot;paper tradequot;, to see all the profit you could have made but only on paper, you can start off with a mini account. I use FXCM. There is a demo version of it here http://www.geocities.com/lcming/Forexboo... Please do live trading even on mini after maybe 3 months of demo and you feel you have a sufficient feel of the market. To start off dont be too ambitious. Just cover maybe 1 major currency and a secondary currency. After you have a feel then maybe you can get some tools to help you like forex signals. To start off with it would just confuse you. http://www.geocities.com/lcming/Forexsig... Forex is a very taxing mental game because it never sleeps, its 24/7 so you have to know basically when you want to trade. Dont chase the trading times, pick one that suits you. The market is always there. If not it would be quot;sleepless seatlequot;. For a chart of trading times that suits your city you are living in check out http://www.geocities.com/lcming/Forexhom... Forex trading is built on 3 legs, Psychology of trading, Money Management and Technicals of Trading. All 3 must be balanced to be successful. Many people concentrate on the technicals becasue its something they can quot;touch and feelquot;. But most times in trading you cannot control most of all the thing that will profit you or bankrupt you quot; The Pricesquot;, controlled ultimately by thousands if not millions of people like you and me plus the central bankers, the govt that prints money, and your local provision shop and banker. Good Luck ! May God Bless You ! * Start off with Dr Alexander Elder s quot;Trading For a Livingquot; - great book that helps avoid every reinventing of the wheel. At least psychologically http://www.geocities.com/lcming/ForexFor... yes... it s like anything else Can you build a house successfully? yes. with the right training, experience, and tools. You can do anything. Trading futures for at least a decade.

Are there services that can trade forex on my behalf and I wll be receiving a certain percentage wkly/mnthly? -

I love forex but don t have the time for reading charts or news trading. If you can recommend reliable forex services where I can invest for a certain % returns, I wld be glad. There are many services out there that will take your money to trade Forex and give you a percentage return. However most of them are scams that will take your money and run. I know of no reliable company that will invest Forex for you. There are lots and lots of management account programs on Forex. I ve seen plenty of them and they all turn out to be scams. Until Forex gets regulated, It s really difficult to find an honest management account program. There are a lot of services out there, that would trade forex on your behalf and give you a share of the profits, but the best ones are those that allow you to do the trade yourself by giving you an automated forex software or expert advisor like they call it. Whichever one you decide to take, remember to invest only what you can afford to lose. Forex is very risky Hello, I also had a similair problem as you have. I had a good amount of money, and wanted it to grow. So I looked around on the internet to find something that is: 1) giving me great returns towards a relatively small risk 2) Professional people who know what they where doing with my money. I m glad to say I finally found a moneymanager who is capable of giving me good returns and give me a great support. On this blog you can follow up all the results that he is making: http://my-robottrader.blogspot.com/ My money is working for me, in three months time I already have a ROI of 76%. So you don t hear me complaining! Annyway if you would like to get in touch with my moneymanager to have some more information feel free to contact me you can send an email to me at derrekmay at gmail.com. Then I ll give you the email adress of my moneymanager Hope this has helped you! The type service you are looking for is called a quot;managed accountquot; program. You will be surprised to know how many programs exist today, just google it. I would highly recommend reading reviews on programs, if they exist, before investing with them. Some are traded using automatic trading robots, or scripts. The rest are managed by actual managers. True, you do have to watch out for possible scams. Again, read reviews to see what others have said. Of course track the program s performance record. Also pay attention to the quot;maximum drawdownquot; that the program suffers. The higher the drawdown value, the higher the chance that your manager will blow the account. Blowing the account means losing almost all of your money. I consider 40% or above to be much too high. I am a currency trader, and I have also tried out a few managed account programs for myself. I recently started my own managed account program and am accepting new clients. If you would like to learn about my program and other insights that I offer in my forex blog, please check out my website spicecap.com

Iamp;#39;m looking for a FOREX broker that is scalper friendly that has fixed 1 pip spread for EUR/USD? -

Does anyone know of one? As far as I know there s no such broker. If you want a solid broker you won t be able to trade for less than 2 pips on EURUSD.

How to calculate quot;used marginquot; and quot;usable marginquot; in forex? -

i plan to open up a mini account. need some advice here. btw, what will happend if i placed an order through the internet but the price at the counter changed? the internet connection in my area is slow and not responsive. Here is an excellent site with some wonderful options 4 U. Check it out…….. http://lnk.in/4sk8 You must have a fast speed computer to be able to receive the market rates in real time. This is very very important. Do not try to deal with a slow computer you will lose your money very fast. When opening a position the rate you confirm at is the price it goes through as. If you hesitate to confirm the price changes continuously. In a mini account a parcel of 10 uses $50 used margin. The balance of your account is the usable margin.

I am a forex beginner. Which is the most accurate of MACD in forex trading? -

I am a forex beginner. I ve been trying different indicators to help me profit from forex trading, but most are complicated and difficult to understand. I am glad if someone out there can help me with something easy and reliable. I have two moving averages you can use on my website and they are totally free, this would be in lieu of MACD but its all trend based. Do not apply these to one timeframe, apply these to multiple timefremes and start with the largest trend first to monitor or analyze a pair. There are screenshots there on how to set them up with on a metatrader platform and how to use the free price alarms too to monitor movement. Go to the website and click on quot;complimentary trading toolsquot; for full setup instructions. here are the links http://www.flickr.com/photos/24224310%40... http://www.forexearlywarning.com/charts.... Good Trading Mark Mc Donnell www.forexearlywarning.com No indicator will work on it s own, you have to combine them with others to build a complete trading system. I suggest to learn more about trendlines, candlestick patterns and the different technical indicators and what they can do for you. Or you could invest some money in a trading system to get you started. The choice is up to you. to profit from forex is tough luck for a newbie. more often than not, you end up losing your deal. well, you just have to take that as part of your learning process, sort of paying some tuition fee. there is no such thing as accurate forex software. the Forex market is so uncontrollable that no single event, individual, or factor can rule it nor predict its outcome. personal experience is still the best software. learn from your own mistakes. reflect on the steps you took when you terminated, closed or exited your position. try to understand how you profited or lost from your past deals. suggest you learn how to establish stop/loss and limit orders. stop/loss orders help traders control risk by capping losses, limit orders help create a disciplined trading methodology. you may check your options in this site. learn various technical and fundamental analysis by talking live to a personal Account Service manager and increase your chances of raking in profits from your deals with their proven trading strategies formulated from years of experience being one of the world’s leading forex site. Consider yourself very good if you get 50% of your trades correct. Pick 2-3 indicators that you feel comfortable with. The most important part of FX trading is quot;Position Sizingquot; and quot;Money Managementquot; (keep your win/loss ratio to at least 2/1,better 3/1). ie., you make $200 for every winning trade amp; $100 for every losing trade. Best bet, take the next year and read 8-12 books on FX trading. MACD doesn t really work anymore, at least in the currency I trade, read the wiki article below (re: whipsaw ). As far as I can tell stochastic (5, 3, 3) is more important, but yet again, that will depend on the currency you are trading. first, you have to understand there is nothing easy and reliable. and if there is, only a small group of people know. if everybody knows the market will adjust so nobody can profit from that trick anymore. as for your main question, many chartist use 6 day and 12 day MACD as part of their indicators. they may buy when 6 day crosses 12 day on the low and sell on the high. 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 Go here: http://www.estocktrades.info Some very good resources there. Good luck. I like the MACD (Hist. +2 lines) using the fast momentum line as the trend indicator.

What are the tax implications of profits obtained and losses incurred on the Forex market? -

your losses can be used to offset your gains. If your gains are the result of a holding period of greater than one year, they are subject to a more favorable tax rate, about 1/2 the normal. You may deduct $3000 of your losses against ordinary income if you are married filing jointly and you can carry them over for two additional years. I would imagine that they are the same, for any capital gains or losses. I wish I could answer properly, but your question has me stumped for an answer. An interesting one.

What is the simplest/ most effective hedging strategy in forex trading? -

There are Forex options, but you are delving into a complex and dangerous world of unknowns too difficult to explain here. A hedging strategy is essentially a method to reduce risk. Have you considered other strategies to reduce risk, that don t cost you anything or open new positions or cause greater overhead and more maintenance? One such strategy involves not leveraging a futures position to begin with. I trade Forex and other futures for living, and rarely do I see people that understand fully the significance of leverage. You can buy $100,000 worth of currency with $1,000 margin in a standard account. This would be the purchase of one standard lot, at 100:1 leverage. Or you can get 200:1 leverage in a mini account. Wo, how much trouble can we get into now? Just because you quot;canquot; doesn t mean you quot;shouldquot; trade with this kind of leverage. Trading stocks with 2:1 leverage is considered risky. What most people don t seem to realize, is that you don t have to trade with leverage at all. Just put $100,00 in your account, buy one lot, and you have zero leverage. Or put $10,000 into a mini account and buy one mini-lot, or $1000 and buy one micro-lot. You can see that by controlling leverage, trading the Forex doesn t have to be any more risky than trading stocks or any other investment. The same holds true with all or any futures contract. You decide how much leverage to use, and how much risk to accept. You can accept the maximum leverage like most people looking to quot;get rich quick,quot; and blow out like 80%-90% of all traders, or you can play it smart and ease into it slowly, starting with a simulator while you re learning, probably for at least six months. There is no need to hedge a currency position any more than there is any need to hedge a stock position, if you control the leverage. check this out http://cgi.ebay.com/ws/eBayISAPI.dll?Vie... Hedging is essentially offsetting risk - so a hedging strategy would be a trade made to offset the risk in another trade. I don t trade forex - are there forex options that can be traded besides the currency pairs? For instance a simple strategy for stock hedging is to buy a stock and also buy a put - the put is intended to cover the downside risk of the stock - you have hedged your risk. Here is a good forex information website that I saw when I was trying to compare currency futures trading to forex trading. The example I gave could be done in futures trading - combining options and futures trades. http://www.currency-forextrading.com/

What are the best managed forex accounts with low minimum investment with long track record? -

i would prefer cut loss or hedging http://www.kuasaforex.com/ with original indicator only $10 no_namer1@yahoo.com

Why does the forex market close on Saturdays from Friday sundown on? -

Does it have anything to do with the Jewish Sabbath? Thats because forex market is a bank driven market..So, during US day time, the US banks trade and then the forex market is taken over by Australia/Japenese banks during US eveneing , which is then taken over by Europeion markets during 2 AM EST.. During Friday evening to Sunday afternoon, no bank operates in the world, so the market doesn t work..:-) http://the-forex-trading.blogspot.com/

In FOREX, I am tryimng to find out where i can find the release schedule for the economic data? -

WQDASAD www.forexfactory.com and look at the calendar. 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 Try fxfisherman.com or forexfactory.com - both have the economic calendars. Hi Invize, I also use the resource that ajb stated in his answer. I also use the resource newsletter that I get for free from http://www.forex-trader-basics.us Good luck to you!

What is the best place to trade the forex? -

I am curious that with the spread and all incentives, what platform/site/company is the best bet for investing your money in the forex? There are so many, try www.fxstreet.com and www.xpresstrade.com http://www.marketiva.com/?gid=218 http://www.fxcm.com i like this one. EUR\USD only 3 points spread After trying about 4 different trading platforms, I think OANDA.COM is the best. The leverage is low (50:1) but their spreads change and follow closely what the true market is doing better than anyone. You can also trade as little as one dollar or up to 10 million dollars. Here is a statement from the OANDA web site that I find interesting: quot;Except for residual amounts, we fully hedge our clients positions. All the time. So there is no conflict of interest. We benefit most when our clients are profitable and we have nothing to gain when they are unprofitable.quot; Through various chat rooms and message boards I have found that OANDA has a widely known reputation for being fair and honest and no, I dont work for them or have any ties to them other than using them for trading.

What is FOREX trading and how does it work? -

Can you enter the FOREX trade with little money? I want to invest. But I am sincerely lost and do not know where or how to start... With forex there is more gearing so you need less money than for stocks. But you still need a few thousand to be comfortable although $500 or less will open an account at some places. Learn as much about the business first before actually trading. Read about it and do paper trades. Try out some software that can help generate signals and automate the decision making. I personally like Forex Killer. Have made some good trades with it. This week I tried Forex Assassin on paper. Still trying it out but I heard it s good. It s definitely easy. Foreign exchange (FOREX) is the trading of contracts of currency pair exchange rate. It is a NON-DELIVERY trade, which means that there is no physical transaction of currencies, but it is rather an agreement, or quot;contractquot; (FOREX DEAL), to trade specific volume of a pair of currencies at an agreed exchange rate. . Trading occurs around the clock over the telephone and on computer terminals at thousands of locations worldwide. Foreign Exchange is also the world s largest market. Daily market turnover has skyrocketed from approximately 5 billion USD in 1977, to a staggering 2.5 trillion (and more) US dollars today. For a start, register to download a Free Ebook from this site. Forex is Currancy exchange... You will need at least $10,000 to make any money, but they have a practice program you can use. Use it!

What is the best resource to learn and paper trade commodities? Iamp;#39;ve found free practice accts for forex? -

check this out http://cgi.ebay.com/ws/eBayISAPI.dll?Vie...

A forex company which uses meta trader 4? -

Hello there. I bought a software to trade forex but requires Meta trader 4. Can you suggest a reliable forex company which uses this software? Thanks You can visit http://www.earnforex.com/mt4_forex_broke... There s a list with lots of brokers who use MT4. i can recommend to you a legitimate, trusted, reliable forex site that is considered one of the leading forex sites today, however, they are not using mt4 software. in fact, to trade forex with them, there is even no need for a software. simply login and you can do your daily trade anytime, anywhere using only your credit card to fund your deposits. and If you are a frequent trader dealing in larger volumes, they offer you a tailor-made account to suit your exact needs (spreads, leverage ratio, mobile-phone alerts, etc.). minimum deposit to start trading is $100 . they are using the latest highly sophisticated and advanced technologies in order to offer you up-to-the-second quotes. you can check your accounts and positions in real time 24 hours a day so you can make a deal based on real-time information. Hi ForexTrade1970, I find that it is not necessary to have a forex company when trading stocks. I get some very helpful tips from a free newsletter that I signed up for at http://www.forex-trader-basics.us I hope this helps! Good luck to you! 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 You BOUGHT MT4? It s free to download :O!!!! Who scammed you into that? Interbank FX uses MT4, I downloaded it from them. So do several other brokers. http://yarcofin.wordpress.com

I want to start investing on FOREX right now. Is there a friend who want s to have resourceful freind? -

If you want to get into forex you should read this first. http://allforexeveryday.wordpress.com There s a lot of information there and I suggest using Forex Tracer. The people are friendly and will walk you through every step. Hello, You question is not very clear. I am interpreting as you want to have a resourceful friend who can guide you in forex trading. Well, i am a forex trader and trading with Finexo. Contact me if you require any assistance, market tips, forex trades, expert views. These are all free in Finexo and we get great fund managers here with whom you can discuss your trades and best recommendations. What are you exactly asking? are you just looking for someone to network with im serious, and want the best out of life and i have been looking at forex too lately you can go to my profile on here and contact me from their Currency trading-http://tradingsforex.info/

Opening a forex account? -

I am planning to open a forex account with oneworld. I am a little nervous, just wire them 10,000? They are in New York and have been in biz for 5 years but since this is new to me... I have no resevations sending money to Scottrade but well since this is new I am uncomfortable. Just need reassurance that people do this all the time and it is not some sort of scam. trade Forex only with http://4xgenie.com daily alerts to your PC (when and what to buy/sell) 1 week for free (code is MSMS555) - many people pay for services (btw.they are cheap) with money they have earn in free week, so check it out! I do trade only with them.Good luck. (it is not scam) DO NOT SEND MONEY TO ONEWORLD FOR FOREX TRADING!!! Why do you want to throw away $10,000...Have you got a lot of oil wells?? FOREX IS EXTREMELY RISKY, HIGH LEVERAGE TRADING!!! You have to be very experienced at investing and understanding markets to hope to have a chance of making money. I am a millionaire, I have been investing for 40 years, But I am smart enough to stay away from the futures market. Find a financial advisor and get some investments tailored to your risk tolerance. You take this advice, you will save a lot of money and regrets I suggest you call oneworld and ask them if they are a member of the National Futures Association. If so, you can go to the NFA website and see if there have been any complaints filed against them. If so, don t wire them your money. I trade forex with fxsolutions and with velocity4x and have not had any problems making withdrawals. I am averaging about 15% per month, 26% in January but the norm is about 15-20%. If you have not traded forex on the quot;spotquot; market before I suggest you open a demo account with a reputable broker and trade the demo account before you put your own money into it. It is a fast moving high leverage market. There is alot of money to be made but take the time to learn the ropes before you jump in with all your cash. I can also refer you to a really good set of software that shows you live bank feeds and alot more detail than the average retail trader sees. It can give you an edge in the market. You can get it for free as long as you use a specific broker. The owners are introducing brokers so if you go through them they give you the software and the esignal feed that it runs on free of charge. So far has pushed my monthly average up since December and helped me steer clear of some potentially losing trades. Just click on my icon and send me an email and I ll tell you what it is and where to get it. I get no commission or benefit from telling you but I dont want to put it on here or I could be considered spamming. Anyway, Best of Luck. :) I have not had experience with Oneworld. IIs there a specific reason that you are choosing them? have been using FX Interbank and GFT for over a year with no problem at all when wiring money to and from my accounts. (Don t forget....the most important thing is getting your money out) FX Interbank actually supplied me with a debit card that provides me instant access to my money. The main reason that I use FX Interbank is because they provide the best interest rates on carry trades. Both GFT and FX Interbank have decent spreads that do not change during news releases. Of the two I feel that GFT has the most user friendly interface but FX Interbank has created an EA (a small specialized program) for me that monitors my total positions and automatically closes all trades when I hit my chosen profit objective (ie. $1000). This is awesome because I have waken up many mornings and find that I have captured $1000 profit while I was asleep. I then roll over and go back to sleep for a couple of hours. I would be happy to share more info with you. pupp52@yahoo.com

How do i get a programmer to write a programme for trading forex? -

Hi iam in search of a programmer to write for me programme for trading forex thanks frank you can try at sites such as www.getafreelancer.com or www.scriptlance.com, you can also search for an aready made script at www.scripts.com, www.hotscripts.com, etc Do send me your requirement, I will organise somebody to do it for you. communicate me over: (translation of the following words will give you my email address.) siva underscore kum at yahoo dot com You can contact me at bgrobbins@gmail.com I have built the following site, to help individual investors profit from the insight of the market s best traders: http://www.top10traders.com Here are this month s best traders: http://www.top10traders.com/Top10Standin... I have been thinking about doing something in the forex markets. Contact me at the email above. What exactly do you need this program to do? I am a skilled C# programmer. Maybe we can do business. You can contact me at chemicalimbalance000@gmail.com Whatever you do, hire someone from developing countries like India, China, etc. Much better deal and don t overspend on overpaid (vs the rest of the world) workers in developed countries like the US. I know a Software Development Company in Mexico that can help you. Hi, forex market or stock market is a live structure because all people that are trading in markets are live too and no one pc and programme in the world could predict human s action/activity therefore all programms fail. Another reason why is no any black box in the world that could trade sucesfully it is because all the programs are written accordingly to the historical data. Yes, history always repeats but in different levels and time frames Don t trust to any black box. You should study chaos theory. One of the most famous person is Bill Williams who adapted chaos theory to the trading practice. Read those books and you clarify for yourself many things: Trading Chaos – Applying Expert Techniques to Maximize Your Profit by Bill M. Williams; New Trading Dimensions by Bill M. Williams Trading Chaos II by Bill Williams – Maximize Profits with Proven Technical Technicues by Justin Gregory-Williams and Bill M. Williams Also useful books are: Market Wizards by Jack D. Schwager; Technical Analysis by Jack D. Schwager; Comprehensive Course on The Wave Principle by A.J. Frost and Robert Prechter; Candlestick Charting Explained- Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris; Good luck!

What is the regulatory body in Switzerland that regulate a forex broker ? -

Is there any regulatory body that regulate this site http://www.migfx.com/ in Swiss? I have came across http://www.efd.admin.ch/index.html?lang=... but it doesn t show the list of regulated brokers there. Thank you. FDF, Swiss Federal Department of Finance

What is the best currency pair for forex intraday trading? -

Hands down, it s going to be EUR/USD. EUR/USD due to the higher liquidity and small spread. GBP/USD is the second best pair to day trade but since spreads are higher than EUR/USD, EUR/USD is the number 1. iceland kroner/japanese yen. the EUR Don t even think about the GBP until you ve traded awhile; it will eat your lunch. Almost everyone on our msg board has been bitten by it; only a few can trade it. But if you can trade the news, all six major pairs are good. THE BEST CURRENCY PAIR TO TRADE ARE EUR/USD AND GBP/USD.

Anyone doing forex at the moment, please advice on the idea on getting into it and tips.? -

found a very good online study about it and currently immersing myself to it, it seems quite simple and exciting..please advice. Congratulations on starting to learn Forex. I remember when I discovered Forex myself and how excited I was about the prospects it brought. It really sounds like you are trying to do the right things to be success. Here are 3 tips I would offer anyone just getting into Forex: 1) Absorb EVERYTHING you can come across about Forex. There are literally hundreds of free education and Forex forums online. Some are very good and truly provide a great service to the new Forex trader. I personally don t recommend you pay money to any of the gimmicky Forex sites trying to peddle education or automated trading software. While I am sure there are many that are legitimate and decent, there are also many that are scams and a waste of money. I have found that everything you need to know to trade Forex successfully you can find for free. 2) Master the art of disciplined trading. This really is the key. As is often said, quot;Plan the trade, and trade the plan.quot; Build your own trading strategy using the many resources online, create a solid money management strategy, and then stick with it. The biggest mistake new and/or unsuccessful traders make is spending hours creating a trading and money management plan only to abandon the plan a couple trades into a losing streak. 3) Every losing day is an investment into a winning one. In sales there is a saying: quot;Every NO is one NO closer to a YES . So it is with Forex. Losses are part of the business. Rather than beating yourself up every time you have a losing day, shake it offer and remember that you are that much closer to your next winning day. If you have a solid strategy and you stick with it, you will be successful in the long term. Yes, forex is very interesting and you have taken the right step, which is education. It is simple but not easy. Deep emotions involved. If you can managed your emotions and follow the rules of your trading plan, you will do just fine. As you learn forex trading, my advice is to trade as many demo accounts as possible to test your strategies, before risking real cash. I lost many demo accounts. When I finally settled with my simple strategy and turn my $50,000 demo account into $400000 within 6 months, then I decided to open a live account. My first live account was $300. I lost it all, inspite of my strategy. Then I opened another account with $4700, this time it was different. I did not leverage my account alot. My strategy has been for every $3000 in my account I trade 1 lot. So I traded just 1 lot with this account until I got to $6000, then I started trading 2 lots. You really must stick to your trading rules. Everytime, I have allowed my emotions to take over without following the rules, I have lost. Everytime, I have confirmed my trade following my rules strictly, I have won. I explain my simple strategy on my blog. Source. I found this site that had this guy that said how much he loved forex autopilots(software that trades for you automatically). He said they have a lot of hype surrounding them with lots of big claims, and they most likely wont make you a millionaire over night. That doesn t mean they won t work though. He says to try one on a demo account, and study during which trends its most successful, and when its not. Then take that information and apply it to a live account by running the autopilot only during times you know it will most likely be successful. If this sounds interesting then I highly suggest checking his site out. Lots of great reviews... I am a complete newbie to the forex market, but I didn t want to read all the ebooks and have to mess around with the time of learning the ins and outs. I know, its the lazy way, but so many people claim to be making huge money, I wanted to get into it right away. I actually bought a software program called the forex tracer and have had it running on a demo account for one week now. This software is really cool. It sets up and closes trades as determined by the software, so I don t have to do anything, other than open the software and let it run. Currently, I have 6 profitable trades completed by the system as follows: Proftits: $9 $273 $45 $190 $11 $80 It currently has one open trade that hasn t closed yet, but so far so good. I have close to 50 days left on my trial period, so if it keeps going at this rate, I m thinking about investing some real money into an account. If it tanks and starts showing losses, I ll probably just request my refund. Regards, B The only tips are learn and practice. There are some free ebooks at my site. Download them and learn

Which FOREX market maker is the largest with a robust balance sheet? -

You can review the CFTC information here. It is updated regularly, so check their site. http://www.cftc.gov/files/tm/fcm/tmfcmda... At last check, OANDA and FXCM (listed as Forex Capital Markets) had the largest net excess capital according to the CFTC. You can check for the most up to date capital information here: http://www.cftc.gov/tm/tmfcm.htm You can also check for any complaints against brokers here: http://www.nfa.futures.org/BasicNet/ as far as i know, this site is one of the leaders in the forex trading business. check on the link to find out for yourself.

What is the most important economic websites for stock amp; forex trading? -

The websites that their news affects on prices in stocks and forex. name 2 or 3. Here is a short list of websites I regularly frequent when researching a forex trade: http://www.reuters.com/ (the latest in general news) http://finance.yahoo.com/ (good for charts) http://www.bloomberg.com/ (the best in financial news) http://www.federalreserve.gov (if you want to keep abreast on what the Fed is thinking and to read their documents) http://wikipedia.org (read up on countries, their currencies and other financial terms) Forex forums to look at are: www.forexfactory.com and www.trade2win.com For forex, definitely www.forexfactory.com. For stocks, i could only suggest yahoo finance. Bloomberg is an importance source of economic news for forex and stock market traders: http://www.bloomberg.com/ I also look at Reuters and Yahoo Finance: http://www.reuters.com/ http://finance.yahoo.com/

Where does Indian Government put all its forex reserve ? -

I just want to know how it is used. Does govt purches treasury bill or invest in diffrent scheme? The GOI invests its forex reserves in Gold, Balances in currencies and Sovereign Securities of other countries

Anyone who know about forex automoney , does it work or its a scam? -

I ve been reading good and bad reviews about it. It seems some people like it but others don t believe it worth s the money. 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%! You can check both online brokers by searching thru Google by clicking: fxpro.com scam or eglobal-forex.com scam. The other important thing is make sure that you trade with a tool that will help you most of the trading and that is by using Expert Adviser, a program made for online trading, which I am currently using. I don t know about you but it works for me.... I don t know about that but I use a piece of software called quot;Forex Autopilotquot; and it s working out very well for me. You ve got to be careful in this industry because there are so many scammers and conmen out to burn you. That s why I took several months choosing the best Forex system for me because if you pick a lousy one - it *could* lose you money. There s a review of Forex Auopilot here: http://www.fxsystemscompared.com/rev_for... - it s made up of real customer comments so it s totally unbiased! Hope this helps/ What do you think ?? If it works, how long will it take before your own the entire world ??

Whatamp;#39;s the chance of making a large amount of money in forex day trading? -

Your chances are good if you; Take 6 months to a year reading, learning and paper trading. You fully understand the fundemental and technical aspects amp;(just as important) use very exact money management techniques. Ignoring the above will put you with the 95% of people that blow their FX accounts (usually very very very quickly). Consider yourself warned! This is a great market for those that take the time and make the effort. All others lose big. Huge profits can be had, but in my study of the markets, I ve read of no well-known financiers (other than George Soros of course, who is known for the billion dollar profit he made shorting the British pound) who were exceptionally skilled in FX trading. Look at Warren Buffett. He is protecting himself against the weakening dollar by spreading his money amongst 5 different currencies, obviously with no attempt to trade his way into huge profits on that front. And knowing what I do about him, if he can t do it (or doesn t try to), I certainly have a lot to learn if I am to attempt such operations. Generally speaking, when we look at FX, we re talking about whole economies, many many variables at play, and extreme complexity. That s what makes it so much harder than just picking out one good company and making money off the stock. And look at how many people are good at THAT: not many. If you are really good at understanding currency, and how the banking market works, you can make a lot of money, depending on what a lot of money is to you. If you just sign up for some software that will quot;tellquot; you when the time is right to trade, it s going to be tough. What you have to understand is, even though you are trading money, you are trading inside of a variable market. Anything can happen. Pretty good if you put a substantial amount of capital at risk and you know how to trade forex. First of all you need to adjust your thinking a little on why you are interested in the Forex market. If you go in looking at quot;making a large amount of money in forex day tradingquot; you may have a very difficult time. The two greatest forces working against you in Forex are fear and greed. Focusing your attention on trying to make a large score will put both of these emotions into play in a destructive way. If you enter the Forex market with the intention of generating a consistent, steady return and you give yourself a little time and you let the law of compound interest work in your favor you can do quite well. This may sound like a minor technicality but I guarantee you that it will make a huge difference in your chance for success.

Who is the largest Forex Dealer? -

Could somebody tell me the ranking of world largest Forex Dealer? Blah who knows? I just use a trading system and let it go to town... takes care of my entire income. What you do (and what I did) is make sure the trading system has a 60 day money back guarantee first; then make sure you can use a demo account. A demo account let s you play the trading game with quot;play moneyquot; so you can see if you can profit from the trading system without investing your real cash. Use the demo account for 59 days and if you see you can make profit you keep the system and invest your real cash. If there s no profit to be made you get a refund and try another system; there s literally no risk when buying one. If you re interested I found reviews of the top 3 Forex trading systems: http://forex-tracer.the-perfect-solution... I completely agree with Joshua answer . and i found this website which has the proof, Check it now! http://the-forex-tracer-review.blogspot....

Where can I get information on starting to trade forex? -

A friend of mine says he did over $300,000 last year using the following system at: http://www.latestbuzzonline.com/forex-sy... Forex is a little risky for me though! I d stay away from people who want to sell you get rich systems. To trade, all you need to do is set up an online acct with a broker. You need to learn the contract specs for the markets you re trading. I d advice you spend a whole bunch of time reading and following the market before putting out a dime. There are websites with free realtime charts. Follow these and try to predict the market. Paper trade before committing money. IMO, the forex market is over promoted. No commodity is easy to trade. My guess is you re asking this question because you ve seen some ads for forex trading. Watch out. I found some information on forex on this site that really broke it down for me. Check it out...http://www.websiteviews.net/finance/the-... Google quot;forexquot; Click on a sponsored link. Any reputable broker will give you a practice account for a month for free.

Anyone out there know of any good Forex educational and learning sites? -

Babypips is a widely known site and offers great forex education. Other ways you can learn is to participate in forums like moneytec, trade2win and elitetrader. Finally you can read forex eBooks to learn how to trade. http://www.forex.com/cns/forex_demo_land... Hi there just send me a mail to, jaques606@yahoo.com, with quot;Forexquot;, in the subject line, and i ll send you some info regarding this matter. This might be just what you are looking for. Will reply asap.

Has anyone had any trouble investing with Forex Market? -

I want to learn all I can about this company, before investing any amount 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... I dont know from your question if you think forex is a company or not (it isnt). Also there is a misconception that FOREX is like investing, like you buy something and you keep it and itr grows in value. Thats not true, its speculation on short term price variations between currencies, to make money you have to do it over and over again and be right. Statistically 95% of people who open a forex accountlose it in abut 3months. Its not impossible (I have been doing it for one year) but I suggest you read up on it. I faced many problems at my beginning, but I m now really enjoying it and like the way i do. Some friends recommended me some automated forex system which at first i wasn t trust, but I found it has 60 day money back guarantee (totally risk free), so I ve decided to buy it and try on demo account. Really its results was wonderful and I liked it so much , so I now recommend it to my close friends. You can see its complete features here : http://www.ForexTracers.com Best Wishes my friend View It Now StockTopper (dot) com hi.... If you wish to learn forex then go through various tutorials available on net for free. this will clear you doubts and would help you to grasp good knowledge. Some of the tutorials are: http://www.finexo.com/infoCenter/5553 http://www.finexo.com/infoCenter/5548 http://www.finexo.com/content/6778 http://forextradingguru.blogspot.com/ Note: these are not all. Try to explore net for learning more winning strategies. Forex is not a company. Please show it some respect. quot;We learn by going where we have to go.quot; - Julia Cameron. - Go to oanda.com and sign up for a demo trading account called FXGame. - With the $10,000 in your demo account, trade as much as you can, as often as you want. What you want to achieve doing this is to be able to define when to trade, and when not to trade. Those are going to be your trading rules. - Keep trading using your trading rules to fine tune them by making more trades with less and less losses, until such time that you are showing profits at the end of the month. - when you are able to show profits three months in a row, sign up for a live trading account with $10. - again, trade the $10 account using your trading rules. - when you show profits three months in a row, add more funds to your account. - while you are learning how to trade, read as much as you can, learn everything there is to know about trading foreign exchange. Hope this helps. Jim http://jsforex.blogspot.com

Instant Forex Profit System - Does it work, has it worked for you? -

Hi, I just saw an ad for a forex software called the instant Forex profit System. Has anyone tried it and knows how it works? I don t want to buy something that doesn t work Hi, the Instant Forex Profit System is a signal trading software. It gives you trading signals for you to act on the forex market. I doubt if it really has a 90% success rate but it seems to have impressive results. You can read more about it at: http://squidoo.com/Instant-forex-profit-... It has never worked. I looked at the web site and saw this disclaimer at the bottom in a faint color so that it is almost impossible to read. I reproduce it below. quot;Hypotheticalquot; means that he has not traded it on an account with real money. It means that he ran a stream of historical prices through it. He may have tweaked and tuned it so that it produced huge profits with this exact stream of data and will never do it again unless history repeats itself exactly. There is also no guarantee that you could have gotten actual orders in to the dealing desk and filled at the prices in his demonstration. The forex market moves fast. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. perhaps it will work in some way ot the other but one thing is for sure, the forex market is so volatile nothing beats the advice you can get from a REAL, LIVE PERSON . this site provides each registered trader an Account Service Manager who is actually an expert in the field of forex trading to be your mentor, adviser, friend and trading partner. the volatility of the market is so high that no amount of computerized maneuver can really predict the outcome of currency pairs but your Account Service manager can give expert advises, tricks and strategies to become successful in your trading activities based on actual, real experiences and years of trading. He/she will even trade with you until you become familiar with the system and you can then trade on your own. And you can always interact with other expert forex traders in their chat room. Start by registering and downloading a Free Ebook. Try it automatic Diversity is the key. Put some in this: 9,000% in 10 months comes automatically. In this crisis year, let s put it 1,000% in 1 year. Thank me later: http://automaticforextrading.blogspot.co... I have used several of their programs, most have rocked, some didnt -- so overall, I say that they are safe to do business with and have good programs.

What Is a Good Intraday Trading Strategy For Forex? -

Hi there, What a strategy (system) do you recommend for an intraday Forex trader? Please explain in detail and mention all the indicators, settings and ... . Best regards, Vahid http://www.weboma.com Candlesticks are the best indicators in the world. They re good for candlestick formation, elliot wave formation, and trend-line breakout. By mastering these 3 things, you should be able to break-even in Forex. To really make money though, you ll have to master money management. http://tradingforexonline.info/ provides information about forex trading, online forex trading forex trading software, forex trading system,forex currency trading.

Which are the best forex brokerage companies on the internet? -

you want to trade with a company that has high capital holdings in their possession because these are the least likely to screw you. Companies like Oanda, GFT, FXCM, and FXLQ are all healthy firms to do business with. I ve heard Oanda has some of the best spreads but their spreads are variable and have been known to jump astronomically wide during news announcements. Keep these in mind and you should be ok. being one of the world leaders in forex trading you can check your options in this site. it enables forex trading anywhere in the world; offers background information for the Forex market, Guided-Tour, seminars, one-on-one training, CHAT, telephone support, as well as other assistance tools, including technical support; enables users to start trading immediately and with no software required to download you may login to your account and trade anytime, from anywhere; allows you to fund your account with your credit card, so you can start trading immediately, regardless of banking work days or hours; 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.). uses the latest highly sophisticated and advanced technologies in order to offer you up-to-the-second quotes; and they can even set your Take Profit and Stop Loss rates so that you are assured to earn unlimited gains but not lose more than your authorized amount. for a minimum deposit of $100 you can start trading immediately and you can use your Credit Card to fund your account. Register to download a Free Ebook and learn more about their system. This may or may NOT be new to you. But personally, I use what s known as the Forex Autopilot System. I generated about $4000 in 3 weeks on autopilot. And this is just 1 of several accounts I let my robot trade for me . I m still a bit nervous about trading on multiple accounts as this is new to me and i m not rich yet, BUT...i started off with about $1000...so that s a pretty good gain. :-) Anyways, here is a link to the program/software I use for this. Let me know if you have ANY questions, and I hope this helps. :-) http://www.squidoo.com/Forex-Course-Trad... Jeff Try this link: http://elitetrader.com/br/ Elitetrader asks its members to rate the online broker that they are using, and give feedback as to why they like it or not. http://homeruntrades.blogspot.com I m using Oanda and I m glad with them. IMO there s not a great Forex broker. There are lousy brokers and decent ones. You can read reviews on plenty of brokers in reviews websites like http://www.forextopten.com/forex-broker.... . I don t know how you describe your best but the broker i use has been very good for the business. Marketiva

What economic factors affect forex changes? -

Any other factors other than interest rates and CPI? NFP ( Non Firm Payrolls) Producer price Index I am running a blog on forex market, you can visit it to get more information - http://the-forex-trading.blogspot.com

What is the meaning of Hatching in forex trading? -

I don t know the exact spelling, it may be Hatching or Haging. hedging, in commerce, method by which traders use two counterbalancing investment strategies so as to minimize any losses caused by price fluctuations. It is generally used by traders on the commodities market. Typically, hedging involves a trader contracting to buy or sell one particular good at the time of the contract and also to buy or sell the same (or similar) commodity at a later date. In a simple example, a miller may buy wheat that is to be converted into flour. At the same time, the miller will contract to sell an equal amount of wheat, which the miller does not presently own, to another trader. The miller agrees to deliver the second lot of wheat at the time the flour is ready for market and at the price current at the time of the agreement. If the price of wheat declines during the period between the miller s purchase of the grain and the flour s entrance onto the market, there will also be a resulting drop in the price of flour. That loss must be sustained by the miller. However, since the miller has a contract to sell wheat at the older, higher price, the miller makes up for this loss on the flour sale by the gain on the wheat sale. Hedging is also employed by stock and bond traders, export-import traders, and some manufacturers. See also hedge fund. I m pretty knowledgeable in FOREX and that is not a term I ve heard before.

How does the stock exchange and forex work? -

Here is lots of useful Info About Forex! http://studioforex.com/3_Forex_Character... And here is everything I know about stock exchange: A stock exchange, share market or bourse is a corporation or mutual organization which provides facilities for stock brokers and traders, to trade company stocks and other securities. Stock exchanges also provide facilities for the issue and redemption of securities as well as other financial instruments and capital events including the payment of income and dividends. The securities traded on a stock exchange include: shares issued by companies, unit trusts and other pooled investment products and bonds. To be able to trade a security on a certain stock exchange, it has to be listed there. Usually there is a central location at least for recordkeeping, but trade is less and less linked to such a physical place, as modern markets are electronic networks, which gives them advantages of speed and cost of transactions. Trade on an exchange is by members only. The initial offering of stocks and bonds to investors is by definition done in the primary market and subsequent trading is done in the secondary market. A stock exchange is often the most important component of a stock market. Supply and demand in stock markets is driven by various factors which, as in all free markets, affect the price of stocks (see stock valuation). There is usually no compulsion to issue stock via the stock exchange itself, nor must stock be subsequently traded on the exchange. Such trading is said to be off exchange or over-the-counter. This is the usual way that bonds are traded. Increasingly, stock exchanges are part of a global market for securities. well share markets are a place of trading stocks and futures of a company.Its like a auction place where people trade in stocks of companies.Well for more details you can check the funda corner at www.livesharemarkets.com.Its clearly explained how does share markets function.

Can Anybody tell me Whats FOREX? and how can I start it with? Please guide me...thanks a lot...? -

Where I can find best tutorial or guidance about FOREX.? This is a part of an article from those links below. I ve found these links very reliable when i first came about doing forex, i think you d feel the same way ;) There are more articles for beginners in the forex resources ranging from intro to forex, forex concepts, tips on how to trade and the frauds that can be involved in forex. Are you researching the topic of Forex and the foreign exchange market for education? Or are you a trader who is looking for other markets to play around with? Well hopefully, we will give you an introduction to the Forex markets that will accommodate both your needs and inform you of the basic concepts and issues that intertwine with the world’s currency exchange market. Foreign exchange markets are always in a constant state of flux, and for the budding forex trader, it can be a rather daunting place to invest and trade your money, or for the student it is a rather confusing topic to master. We introduce you into the world of the foreign exchange market. www.forex.com FOREX is short for Foreign Exchange. It has to do with trading foreign currency, similar to trading stocks. You can learn a little more by browsing the www.4xmadeeasy.com. FreedomRocks has recently created an Investment Software that will teach the average person how to make money with above average returns on their investment using their Automated Trading Software. This Software is taking people with little or no trading experience and is teaching them how to Trade in the Forex Market. Banks, large companies and many of the wealthiest individuals in the world are trading forex and making unbelievable returns in the Forex Market. The problem is that all of these banks and wealthy individuals have hired professional traders that do countless hours of studying graphs, trend charts and are up to date on any news that can effect the Forex Market and place their trades accordingly. FreedomRocks has taken the guesswork out of investing. They are teaching the average investor with little or no experience how to take advantage of the Forex Market by using their Automated Trading System. The FreedomRocks Trading System Generates Profit three ways: 1. Buys Low and Sells High 2. Passively Collects Daily Interest 3. Allows you to use Leverage on your Investment To learn more about FreedomRocks, just visit our web site below. http://www.simple4xinvesting.com Get the lowdown here. FOREX is the foreign exchange market. It is the largest market in the world with $1.9 trillion trading hands daily. To trade in the forex market you basically buy one currency against another hoping the exchange rate will move in your favor. The forex markets are highly leveraged causing large moves in your capital. I would recommend www.oanda.com as your first broker because they have no minimum account balances and fast executions on orders. Read around moneytec.com to learn more about trading!

Futures Trading Strategy - Whatamp;#39;s Working For You In The Forex Futures Market Now? -

Looking for hints and strategies in forex futures trading. Forex futures trading is a fluctuating (exciting) game, but these are some currency trades I m watching right now: - USD / JPY - AUD / USD - USD / CAD - EUR / JPY - GBP / JPY - EUR / GBP For some reason (call it a strategy if you want) I m watching GBP / JPY. EUR / JPY too has seems to be showing some interesting movements.... but I don t want to give anyone any ideas. Mine your data, use the right tools, and work fast. The futures market is about speed (and profit). Factor in historical currency trends and the nature of the global political landscape. That s the best strategy in forex futures trading. I just threw money at a Forex trading system and let it do the work. If you re interested in taking that route check this site out as it reviews the top three sellers: http://forex-tracer.the-perfect-solution... Happy trading! Get free foerx ebooks and tools at http://www.tjgroupforex.com. Also some forex articles Good luck

Will the forex dealers look at the fed budget figure today besides unemployment rate? -

what does the fed buget signify? does it have a big impact on the exchange rate? The federal budget deficit is a measure of how much money we have to borrow, by issuing treasury bonds and notes, from other people or governments to pay our bills. It does have relate to the long-term value of the dollar, but short-term fluctuations are more governed by the supply and demand for dollars and other currencies, and is a function of trade balances.

What are the best Forex leading indicators. Also looking for recent MT4 indicators? -

Here is a good article that explains the Most Market Moving Economic Indicators for the US Dollar. http://www.dailyfx.com/story/special_rep... This same website also has an excellent economic calendar for the currencies. http://www.dailyfx.com/calendar/ Here s another economic callendar http://forexfactory.com/ Briefing.com give a good explanation and weights the economic evensts on the calendar if you click on them. http://briefing.com/Investor/Public/Cale... Hi, There are out there several comapnies and software to accomodate your request a simple search will reveal many to you. You need to use the one the most suited to your trading style. I am personally tried many and indicators or signals and as I am a long term trader and I use the services of: www.forex-signals-4u.com Hope the above helped. The best forex leading indicators are those that you generate and analyze yourself. There are a couple of forex signal software out there in the market but most have monthly fees. The software that I use and found to work can be found here, http://www.secretforexsignals.com You have to enter the price data yourself but it works with any trading platform and has no monthly fees! www.forex-tsd.com is a great forum where you can find almost forex indicators and strategy, and all is FREE!

If i make money on the forex market, is there a tax for it? -

If i make money on the forex market, is there a tax for it? And if there is, how do i pay for it? Yes, of course there is tax. As to how you pay for it, it is up to you. At year end your withholding may cover it. If not, you will have to write a check to the Feds and, if applicable, to your state. As a side note, most forex trading programs are scams! Assuming you re an American citizen, if you make money at anything there will be a personal income tax on it. You have to declare it on Schedule D (Form 1040), and pick up the total gain on your Form 1040. If you are making a significant amount, you may also have to file an estimated quarterly return. Hope this helps. Any net gain or loss you derive from trading in foreign currencies or currency-based derivatives will generally be considered ordinary income or loss rather than capital gain or loss, by virtue of section 988 of the Internal Revenue Code. However, there are a variety of special rules and elections relating to sections 988 and 1256 that could result in capital gain or loss treatment. If the amounts involved are significant you should consult a sophisticated tax advisor with specific experience in this area.

Tax Software for FOREX Traders? -

You know how there s tax software for small business owners? It keeps track of every sale in your retail store and then come tax season, you just have to print out the paperwork you need to bring in to your accountant. Is there any software that a FOREX trader could use that could take the hassle out of keeping records of every trade the investor makes and then come tax time all you have to do is just print out the paperwork you need to bring to your accountant? Many thanks, C.L. Good question and it tis the season to start planning for taxes. Do yourself a huge favor and check out http://www.greencompany.com/ for alot of free info on taxes for traders. They also have a tool that I have used the allows you to download reports from the major brokers and attach them to your tax filings. Good luck. Paul Upp I think the 12MinuteFX system recommends a site (link below) You could leave forex to the pros and would probably be happier in the long run. Hi, Here s a good article about taxes with some valuable links in it. quot;Currency trading is a hot commodity in the market place, but not all currency contracts are taxed like commodities. Cash forex is subject to IRC section 988 rules and if you’re a trader, you can elect out of IRC 988, to be taxed like commodities – with beneficial 60/40 treatment. Before you start trading cash forex, find out if you brokerage firm will help you with trade accounting. quot; Read the whole text: http://www.aboutcurrency.com/content/vie... Hope this helps.

Is there any forex trader out there that has been averaging 20% a month for awhile now? -

I would not doubt that there are people that claim that they consistently make 20% per month.........but I would not believe them! dude thats huge! Ive been playing on an investopedia account and was happy to bag a 14 month 36%. Id love to hear how you got started. any suggestions would be awsome too. GL man Feel free to check out IQ Projects -- Investment and free training in the Forex business http://iqmoney.blogspot.com/ I have been making some money with the currency ETFs. Here is a link: http://www.top10traders.com/ViewPost.asp... Forex, Averaging 20% a month..consistantly.....only if he is a liar.

Is that true we can earn money through forex investment? -

My brother in law didn t work for 2 years and he is now doing the forex investment for 2 years, but until now he still didn t earn any money, but he said he will earn a lot after he found a good strategy. He is now have a new born baby, and my sister need to work hard to survive. and my brother in law didn t work any part time to earn any money, i m worring about this. can anyone tell me that forex investment really can earn money? First of all, yes it is possible to earn money in the Forex marketplace. However, it is unlikely that your brother in law will. Two of the biggest challenges working against most traders in the Forex market are fear and greed. The longer one is unsuccessful....the greater the impact of fear and greed, especially fear! If you couple on top of that having a young child and having a spouse that is having to support your quot;wishful thinkingquot;... he is doomed. My recommendation is that you encourage him to take a fresh start. First, go get a job ... so that he can start getting his head back on straight and taking care of his family obligations. He can put aside a small amount of money each paycheck in order to invest at a later date. One should never invest in the forex market with money that one cannot afford to lose....and it is quite clear that your brother in law cannot afford to lose a nickel. Once he gets his family obligations back in alignment he can take a fresh look at the possibility of investing in the Forex market as a portion of an overall investment strategy. There are conservative strategies that can be implemented in the Forex marketplace that can generate a consistent return. These strategies can be a very rewarding element in a sound financial investment program They can also be implemented in such a way that fear and greed are removed from the equation. He does not need a college education or an MBA. What is required is a good dose of common sense.....and the assistance of someone who is willing to provide a little guidance. Best wishes for your brother in law s success. Also, the person above that indicated that 10% per month on $100,000 is $1,000 is a little off.....10% is $10,000 per month! Paul Despite what some people would lead you to believe, trading the Forex market is complicated. Most traders blow up their accounts numerous times before understanding the indicators and psychology used for currency trading - and many never do. While it is possible to make high returns (especially with the leverages offered), the risks are tremendous. The problem I am having with your statement is that your brother-in-law is not working and letting your sister support him while he searches for a good strategy. Because of the volatility in the market, it is easy for a currency trader to move from analytical trading to gambling in the market and even to harmful quot;revengequot; trading. Your comments make me wonder if your brother-in-law is exercising good judgment. Trading is not inherently bad, but trading in hopes of finding a good strategy - and doing so at the expense of his family is a very poor choice. A good trader needs self-esteem, self-control and common sense, particularly an individual trader. From your comments, it sounds as if the family is struggling, so I would not say your brother-in-law is exhibiting those qualities. How does your sister feel about this? It is really her decision as to how much she supports her husband, although now she has a greater responsibility to provide a good environment for her baby. I would suggest you offer her emotional support and listen to her when she needs it, but - unless she requests your help - remain as impartial as possible when giving her your opinion. Don t verbally attack her husband, but encourage her to put herself and her child first. Also, if she is open to it, have her visit http://www.gamblersanonymous.org/, the Gamblers Anonymous website, and answer the quot;20 Questionsquot; to see if your brother-in-law has a problem. Blessings! Obviously, most investors do not make money via forex trading, at least sustainably. They can even lose their shirt. And have fun in doing it. But why should making money for themselves be their purpose? This is not a problem, as long as they are philanthropists who help their brokers and advisers earn money. Those poor little things need to eat also! . Yes. (If your brother went to College and studied Finance or Economy and after that he got a MBA and after that he worked for several years in a bank or mutual fund or broker or any other financial institution) This might be helpful http://bloghatters.blogspot.com from my understanding it s possible to make money from forex, to make a living and to become rich, but like all things, gotta put in the work required and need a little luck I guess, here s some information on it. http://www.insightempire.com/Freeforextr... Yes and no. Yes, you can make a living trading the forex and no you can loose all your initial investment. So if your brother in law is not working, it is a very risky business he is doing especially if he does not take the time to educate himself. Trading for a living is not a child s game. It is not easy, but you really can make a lot of money, if you are disciplined enough to build your own trading system and follow it. Give this website to your inlaw: http://www.forexprofitsignals.com and let him use it. If you want to learn forex for free goto: http://www.babypips.com and just click on education. It is free. Goodluck Hi there just send me a mail to, jaques606@yahoo.com, with quot;forex investmentquot;, in the subject line, and i ll send you some info regarding this matter. Will reply asap.