How does one make a living trading forex ? -

I agree with Vik. I think I ve answered this same question a few times already... You can make a living trading forex by buying low and selling back a currency high or the opposite by selling a currency short then buying it back. Have a search of previous questions I ve answered... Try searching for this question because its been asked (and answered) literally hundreds of times on this site...

Forex or stocks in this kind of economy that we#039;re having in uk? -

which would be the more practical thing to get into at this moment in time, considering out economy. Forex, stocks OR SAVINGS. ICICI is offering 7.20% interest. Put up to ￡50000 in there http://www.financecomparator.co.uk/savin... Put another ￡2500 in an alliance amp; leicester bank account. (they offering 8.50% up to ￡2500) http://www.financecomparator.co.uk/ Your savings will be protected up to ￡50000 from October 7th anyway ! :) I d suggest forex simply because of the stability it offers - it s a global market so it isn t just affected by what s going on in a certain country. If you want to see exactly how to get into trading forex, you should take a look at the free beginners guide you can download at http://www.forexfromscratch.com This guide is a quot;step-by-stepquot; report which explains everything you need to know about getting into forex trading. Hope this helps?

Is there a website where you can read the terms and language used in the Forex markets? Or a good basic book? -

There is some good info here: http://basicforex.info try to avoid paying for any information because most of it is scams. Hello, If you are looking for simple easy to understand concepts of forex then visit this. http://www.finexo.com/infoCenter/5548 I personally like this page because of its simplicity and to the point concepts. Hope you like it too.... Investopedia.com babypips.com For books, try Forex for dummies. Hope this helps. Jim http://jsforex.blogspot.com register to this site and download a Free Ebook. if you want a serious way of learning forex, you may deposit a minimum of $100 which will also form part of your initial capital and they will provide you a personal Account Service Manager (ASM) with whom you can talk live via phone, email or chat to answer all your technical questions. your ASM is actually an expert forex trader and is tasked to be your mentor, adviser, friend and trading partner which means at your request he will trade along with you until you get familiar with their system and can give expert advises, tricks and strategies to become successful in your trading activities. Go to http://www.tjgroupforex.com It has articles and ebooks and tools for download. Hi BB, I personally like http://www.ForexFace.com/ . ForexFace is a portal for forex trading education, where you will find a free forex course (forex ebook), interesting articles about forex basics, expert advisors, day trading and also a newsletter (they send you an additional forex ebook and tips to learn forex via email). I very much like learning forex at ForexFace - also the website is very easy to use. From this link you can download their free forex ebook: http://www.forexface.com/free-forex-eboo... Cheers, Jeff http://forex-soln.blogspot.com/2008/06/l...

(1) What is the best time to do forex trading? (2) What are the best curency pairs to trade in? -

1) This site will answer your first question http://www.babypips.com/forex-school/mar... 2) There are only six major currency pairs against the dollar GBP EUR JPY CAD CHF AUD These are the pairs with the highest volume and the lowest spreads. There are six or eight other quot;cross pairsquot; that also have good volume, but the spreads widen to 9 or 10 pips. Depends if you can predict which currency is stronger/weaker rising/falling etc....tricky business to get right....bit like share dealing. Depends on your strategy and rules. Some people like mornings, some like evenings. Really depends on how you like to trade (what strategies and what timeframe). There are 17 pairs that are most popular. Many people like USD/EUR, USD/JPY. Hope that helps! Best Time to Trade ? Check out this site. It has a time chart based on the various cities in the world. @ http://www.geocities.com/lcming/ForexFor... Best Currency pairs ? Those that are liquid and volatile. Basically the majors USD/JPY EUR/USD GBP/USD CHF/USD Although EUR?GBP is my pet right now. Slow and steady. Generally 2 AM ST to 2 PM EST is the best time since most of the banks are working at that time. Generally USD based currency pairs have high volatility and tight spreads.. Get more info at http://the-forex-trading.blogspot.com If there was a quot;bestquot; time and currency to trade in, the opportunity would be arbitraged away as quickly as it came.

How can I make money with domain names and forex? -

I need an answer from someone already doing this You can go to a service like domainersedge.com and get a comprehensive list of all domain names that are soon to expire. You can actually sort the list with keywords such as quot;forexquot;. You will get a listing of all soon to be expiring domain names with the word forex in it. You can then place a bid through a number of services such as pool.com. Then you can simply use, sell or park (and generate income) from your newly acquired name. Good luck, Paul

What is a good profit goal on a forex trade? -

I am starting small with a margin of risk of $12.50. I know the earning potential is pretty unlimited but how to I know when to close the deal and take the profit. I dont want to be greedy. I am thinking $12.50 would be a minimum. What do you thing? When I open a position in the forex market, I have a reason for it--technical or fundamental. When the reason no longer exist, I close that position. I do not use a fixed number or percentage, but let the market tell me when to get off. Hope this helps. - Jim http://jsforex.blogspot.com If something doesn t get to your profit goal, what are you going to do? Wait? If something gets to your profit goal, what are you going to do? Close the position with a small profit? This mean that you are closing positions that are moving in your direction while holding your losers. This is a recipe for disaster. Professionals don t use profit targets. They may be wrong 70 - 90 % of the time. Their profits come from riding a few big winners each year. $12.50? On what size, on what time frame and on what pair? Regardless of the situation I think its way too small for anything greater than a 10000 mini lot, but you may be trading less if you your broker allows. A general rule: look at a chart of what you are trading, look at the range of moves you expect to catch. Your stop should be at most one third of the expected profit you want to make and probably more than one fifth depending on the volatility. It doesn t sound as if you have a plan or a system. Read what some of the others here have given you as answers because there is some good information here. I would suggest that you don t use any real money, no matter how small or insignificant it may seem, until you have done more research. Take your time and do your homework because there is not reason to rush into Forex trading. Just remember, it is better to get rich slowly than to get poor quickly. Best of luck to you in your trading endeavors. dear sir, forex is not easy and got high risk.. u must know about calculation win and lost. please trade less than 3% from margin and make sure u know about this.. please set target lost and target win for day trading.. if target win archive just stop your trade and when you lost target reach please stop your trading for that day, and the last tips please compund your profit.. last advice from me.. money management , not greedy and planning when do forex trading is they key success in forex.. if u not follow this rules i confirm all your money will be gone.. tq cheers, http://saving-money-techniques.blogspot.... A good place to take profit is just above your support line or below your resistance line depending if your going short or long. You have a stop loss in place right? So just make your risk reward 3:1 or 4:1, why be greedy ? You do know what I am talking about don t you? if you don t, you shouldn t be trading You seems to have a good beginners knowledge. In forex market I would advise you to be cautious and adventurous at the same time. Draw your boundaries and play with in yourself. Also keep your eyes and ear open for accumulating extra knowledge on how the market move from here.

What is the best EA (max profits, min drawdown) to run automated forex trading with metatrader 4 (mt4)? -

EA is a file that can compute and perform trades in the MT4 application - the forex market, for brokers that support mt4. I think Forex Tracer is the best out there at the moment which works with mt4. The Forex Tracer is USD/EUR pairs. http://www.forextracer.forexrobotreviews... Or if you want USD/JPY pairs then you should be considering Forex Funnel. http://www.forexfunnel.forexrobotreviews... Good luck

How does a central bank control the foreign exchange market FOREX? -

There really is no single unified foreign exchange market that is controlled by any central bank. However, there are main trading centers in London, New York and Tokyo as well as some smaller centers throughout the world, but these do not quot;controlquot; FX. Instead, the FX market is controlled by, well the market itself. This is mainly due to the over-the-counter nature of the FX and the little, if any (arguably) insider information available. The reason they want to is to make money Government manipulate the value of there currency for many reasons the main one is foreign trade. Example An American company makes a product and sends it to china to sell it. If the American dollar is stronger(more valuable) then the Chinese dollar then the Chinese people have to use more of their money to buy an American product meaning the American company will sell less of those products When that same company sends their product to England where the American dollar is weaker then it is cheaper for the English people to buy American products. So the dollars are manipulated from time to time to increase commerce. Other reasons are Political in nature and alot more complicated to explain I hope i Have help you alittle

Can i start forex with least $50 as a capital? -

dear friend, i would like to venture myself in forex world. Can u suggest me which forex platform/broker allows to open an account with minimmum $50. I have already tried some demo accounts, now I just wanna giva a try with real money. Well, first you should NOT be looking to be opening a Forex account with $50. You say you ve been trading a demo which is the right way to start, but one of the most important things when trading Forex is a properly funded account...ask any trader. My advise to you would be to educate yourself further and keep trading the demo until you can properly fund your account. $50 in an account will be blown up in now time and will probably only discourage you from trading...not the goal here. While your searching, another recomendation would be to check out FxRebates (www.FxRebates.com). They offer rebates on the commissions you pay while trading. The Broker s don t offer this in most cases. I know they work with about 10 brokers now and they could also help you choose a broker. Best of luck to you in your trading... Try www.oanda.com, I use it and you can make a forex transaction for as little as $1 worth of units. I don t know if there are account minimums with them, but I don t think so. Their spreads are good too, fixed 1.2 pips on EURUSD for instance. They have a good demo account to try their service too. I would personally start with more than 50 dollars though, probably 1000 would be better suited. The important thing to remember is not to over leverage your account. I usually stick to around 10% margin. The lowest oanda.com allows is 2% margin or 50x leverage. Good Luck. You may try marketiva.com try http://goldenbullpicks.com they have the link your looking for Good luck =/ most forex minimums are well within the $100 range. Try searching out online discount brokers such as Scottrade or Sharebuilder- Ameritrade has a $1,000 minimum so don t bother checking into that one.

I see web adverts asking to invest on Forex trade online, is this really possible? -

Yes, you can now trade from all over the world online. But go for one that has strict rules following the standards for US and UK traders. For me, I ve been using EasyForex and I have no problem. Try it yourself. Go to oanda.com, and sign up for a free demo account. Trade that account and see if you can make a profit. When you are able to show profit for three consecutive months, open a live trading account with only $10. Then trade that $10 until you are again profitable for 3 consecutive months. Each time you are profitable for 3 consecutive months, add more funds to your account. You will be surprised at how easy it can be to make money in foreign exchange. Why oanda.com and not the others ? Oanda.com was one of the first brokers to offer online forex trading, and they are still around, providing, IMO, reliable market making service. They also have one of the lowest spreads among online brokers--0.9pips on the eur/usd. yes, forex trading is simply done online these days. if you are interested in this investment and are looking of a legitimate, reliable, trusted site refer to the link given below. being one of the world leaders in forex business, i can recommend no other site. Yes, there are lots of scams out there but there are genuine opportunities to make lots of money in Forex too. I have been trading a free quot;demoquot; account since February and I ve made a 74% return on investment to date. See details in my blog here http://yarcofin.wordpress.com Babypips.com is your one-stop for Forex info. They have a great free school filled with information, links to many credible brokers, a forum full of smart traders, etc. If you want to get your feet wet in foreign currency exchange trading, a Forex training course in currency trading will help you understand what Forex is, how to choose a Forex trading company more......http://forexupdate.biz/?p=31 The FOREX or Foreign Exchange market is the largest financial market in the world, with an volume of more than $1.5 trillion daily....more......................http://forexupdate.biz/?cat=7 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 this s the first time I ve heard of it.

What is the hidden game in Forex Trading? -

I feel there is a game in Forex trading but i m not able to figure it out. I feel it s not transparent as all broker companies pretend, can any one advice me, is my feeling right or wrong? -- FX Mania http://www.geocities.jp/fxtrading777/ the Forex doesn t have a central organism where currencies are dealt. You have to think of it as the global exchange of currencies. If you go to a bank and buy US dollars with your local currency then you have participated in the forex, in other words you have participated in that global exchange. But the idea is much broader. Forex includes the exchange of goods and services, investment transactions, speculation and everything else involved with money, even when you purchase something in a mall for your own use. All this is hardly transparent which makes it difficult for the layman and not so layman. Thats the nature of the Forex but it doesn t mean you can t make consistent profits from this enormous market. A complex system such as the worldwide exchange of currencies can be narrowed down to relatively simple concepts for you to use. However, exactly because of this reason and it s low transparency, many scam artists arose to sell supposedly quot;profitablequot; trading strategies. Be careful. btw, there s no game. Forex is just forex, it can t be manipulated like a stock for example. The currency market is too large to be manipulated with the idea of scamming people. I would say wrong. If you are talking about costs, as always this is hidden. Basically you have the cost that is associated with the spread. As you know the price is higher to buy than it is to sell. The diference goes to the quot;housequot;. Then, this spread could be slightly widened to make your cost even higher. Then, the quot;housequot; may charge you commission. Other than that FX is the cleanest, simplest form of trading. If I have meisunderstood your question fell free to contact me on http://www.shareworld.co.uk Use a big broker when trading forex fxtrade.com Hi, 1. Firstly I would like to tell you that nobody could predict the market. Therefore Elliot waves together with some other technical indicators are very useful when you are making analysys for enter/exit point 2. All currency pairs are good. Some of them have higher volatility and some lower volatility. Usually traders are trading with several currency pairs that they like. 3. As you have noticed leverage could be as profitable as detrimental. For that reason traders use money risk management rules. The main rule is don t risk more than 2% of your trading funds, which is rule No.1. 4. Rule No.2 - Listen and follow the market. Trend is your friend. 5. Rule No.3 - Don t listen experts. They are paid for their speech. If their forecasts are so successful why they don t trade themselves? Trading is much more profitable than salary for making forecasts. 6. Rule No.4 - Never trust quot;black boxesquot;. All of them are created by historical data. Their presentations looks very good but market is alive because traders are live personse and nobody could predict next movement of thousands live traders. 7. There are many online forex brokers. I know nothing about forex.com as brokerage company. But I don t like their trading terminal. I preffer MetaTrader 4. Trading forex is very exciting and profitable business Good luck! First there s the non hidden game, which is simply that it is difficult to make consistent returns in any kind of trading because of the way financial asset prices work. Then there s perhaps a lot of quot;behind the scenesquot; stuff that the public is generally unaware of. Some of this is legal, other is borderline, and other is not legal. This can be anything from the way finance works on Wall Street, to less than honest dealings, to flat out fraud. You don t have to worry about reputable forex companies. They don t engage in fraud. Look for companies that have memberships with securities dealers in the United States. That means they re quot;regulatedquot; and won t rip you off. Some non regulated companies might be a different matter.

Are there any website offering free tutorial or training for forex trading beside investopedia and fxstreet? -

Forex signals, MACD indicator, Bollinger bands, Pivot, how to be successful in forex trading, how to earn the most without losing a lot You can visit my blog which I maintain on daily basis. I tell you how to trade. So you can learn from this blog. Also, post my trades and also mention the analysis behind the trade...Its all free http://the-forex-trading.blogspot.com Hey dude...!! Nice to see your interest in FOREX..!! Well here it is for you: http://www.geocities.com/daytradingtutor... Let me know if you need more info email me at Karey Girish kgirishraman@yahoo.com Have you seen http://uscommoditiestrader.com THere are several companies and websites providing demo/practise accounts. Depending on your geographical location and wishes I could point out some sites. But my warning if you have not enough experience in the market itself: be carefull, practise, read and learn a lot and a long time before you use your own money. Be sure NEVER to trade with money you can t miss, at least for some lenght of time.

Is Forex trading hard to learn, give me your honest scoop? -

What kind of funds do you need to start ? In essence, Learning forex its easy, but mastering its the Hard Part. You can learn the basic rules, technical analysis, fundamental analysis, candlestick, pivot points, time frame, trend lines, Fibonacci, support amp; resistance, price action, leverage, money management and position sizing, you can even Learn a hole system and methodology to trade mechanically and even with that you can lose money. Like a few of the other people have pointed out it can be difficult to learn about how to trade in the forex currency exchange just from an ebook and doing so could be costly as you try and learn the ropes. You can start learning by quot;paper tradingquot; or using a demo account like previously mentioned. Another great option is look at some tutorials and get your feet wet. Here s a site that offers a free 5 day forex learning tutorial in Video! This covers all the basics that you need to know. It s broken up into 5 days so you don t have to feel overwelmed by all the information all at once. I liked it because well it s a video so it s more interactive then reading an ebook, plus it s free. It is far from being easy - you should get a good tuition and learn it from the ground if your really want to be successful. Otherwise you waste your time (and money). Take a look at this recent testimonial for http://www.NiTrading.info Hello Nathan. I wanted to send you a brief comment about your NI trading program. I was the guy who sent you the comments from the professional trader who trades accounts for others (and until recently had a very good track record). As you may recall, he was very skeptical about your claims on your website. Well, I certainly am glad I did not listen to him!!! I went ahead and purchased your material and have been quot;wrestlingquot; with itfor a couple of weeks now. Your method requires a good amount of work and concentration. I have a long way to go before I master it, but I can see light at the end of the tunnel. I have to say that it is by far the most brilliant trading approach I have ever seen......so much so that I can not imagine wasting any more time examining or evaluating another method/system/approach. As I mentioned in my last email, quot;I am a very small trader in terms of account size, but that has not stopped me from purchasing trading systems, software, and books by the truckloads as well as attending many seminars and workshops, and I have made it a priority to look into just about everything that is advertised publicly.quot; Your cycle analysis is vastly superior to even the most sophisticated and complicated methods I have seen. I really don t know how you conceived this? You make so many of the self appointed experts look silly when they insist that there quot;is no holy grailquot;, or that a perfect or even near perfect trading method does not exist. I have read (quot;plowedquot;) through the manual and have watched the first 5 videos, so I have a long way to go, but I can already see the amazing power in this approach. At this stage, I certainly can not identify all of the trades that you see and I have a lot to learn when it comes to transitioning from one time frame to another, but I can identify some of the very obvious trades......and I can see why you insist that if the rules are strictly followed, we should be able to trade with few if any losses. I ll give you a testimonial when I begin actual trading in a month or so, but I just wanted to thank you for making this available to me. John B. Depends on what you want to achieve in the forex market. If you want to short the market when you sense a high level of bearish sentiment, then all you have to do is open an account, select the appropriate leverage, and then sell the currency. Easy? That might make you some quick cash here and there, but there s no way you will profit consistently by doing just that. You need to ask yourself these questions. What type of trader do you want to be? High frequency Trader, News Trader, Position Trader, and etc. Doesn t matter what kind of trader you ultimately choose to become, you know these are the traders you will have to compete with. Forex is a zero-sum game meaning you can only win at someone else expense. The chance of coming out positive over an extended period of time is less than 10 percent in Forex. This means that you will need to beat 90 percent of the traders applying the same strategy that you are applying to make money. Example: Sample of 100 News Traders- Trade #1 *Assumptions* - All traders will use same stop-loss. Eur/Usd moves 40 pips up. 10 Traders set 10 pip TP - 10 PIP SL = 10 pip profit 10 Traders set 20 pip TP - 10 PIP SL = 20 pip profit 10 Traders set 30 pip TP - 10 PIP SL = 30 pip profit 10 Traders set 40 pip TP - 10 PIP SL = 40 pip profit 60 Traders set 60 pip TP.- 10 PIP SL = 10 pip lost Assuming Euro reversed after 40 pips 40 traders made money. 60 traders lost money. Trade#2 Eur/Usd moves 30 pips up. 10 Traders set 10 pip TP - 10 PIP SL = Net Profit 20 pip 10 Traders set 20 pip TP - 10 PIP SL = Net Profit 40 pip 10 Traders set 30 pip TP - 10 PIP SL = Net Profit of 60 pip 10 Traders set 40 pip TP - 10 PIP SL = Net Profit of 30 pip 60 Traders set 60 pip TP.- 10 PIP SL = Net Loss of 20 pip Assuming Euro reversed after 30 pips 30 Traders made money 70 Traders lost money Trade#3 Eur/Usd moves 20 pips up. 10 Traders set 10 pip TP - 10 PIP SL = Net Profit 30 pip 10 Traders set 20 pip TP - 10 PIP SL = Net Profit 60 pip 10 Traders set 30 pip TP - 10 PIP SL = Net Profit of 50 pip 10 Traders set 40 pip TP - 10 PIP SL = Net Profit of 20pip 60 Traders set 60 pip TP.- 10 PIP SL = Net Loss of 30 pip Assuming Euro reversed after 30 pips 20 Traders won 80 Traders lost Of course, the math behind trading is much more complicated than this, but this sample is only used to illustrate my point. Not only does your strategy require defined Stop-Loss targets, but it also has to be conservative relative to the other traders. Once you ve practiced trading long enough, you ll know where to set your stop-loss. The challenge is where do you think the other traders are taking profits if you ve got a very high average intelligence then perhaps simply reading ebooks and other reading materials would do you well and get you going easy, however if you are just like myself and several others then i believe you need personal mentoring to make it through successfully. if you are really interested in forex then i can recommend this site to you. you can open a quot;mini accountquot; for just $100 and they will provide you a personal Account Service Manager (ASM) to walk you through the basics in forex trading. you can talk to your ASM live via phone, email or chat to discuss everything you need to know. your ASM would serve as your mentor and trading partner and will even trade wtih you just to make sure you get familiar with their system. aside from quot;miniquot;, other available accounts are gold, platinum and vip. just note that the opening a higher account would entitle you to more features and benefits. meantime, you may register and download a Free Forex Ebook for your initial reading. Hello there Anyone can learn Forex Trading. There are many companies that offer Demo accounts so that s a good way for you to start. You can start with as little as $1000.00 for a mini account. I also suggest that you go to a Forex seminar or work shop to learn about it. One thing you must remember (you do not make money all the time) you must be prepared to loose money some times. I never traded in FOREX but what I know is that particularly what ever you invest in you must think that its not your money again and its you never had it.....because the gains are very very lucrative and similarly losses will make you throw on the road. So be careful. Free ebooks and articles abt forex http://www.tjgroupforex.com

Forex , Option, and Commodity? are they the same or different? -

I m confuse. i want to start trading but not sure what the differents between Forex , Option, and Commodity? whats is less risker but higher returns? thanks for all your answers. I really like this Qamp;A in yahoo. so many smart people here and its great to have there ideas on things. Forex - this is the foreign exchange market in which currency pairs are traded such as the USD/CAD. Within this market you can trade the spot market, which is the most recent price changes, similar to buying and selling stocks, typically through the use of leverage (for every $1 put up you could control $100). You can also trade futures and options on the future price of currencies. The more leverage you use the more risk but the higher the potential return. Optios - this is a contract that gives you the right but not the obligation to buy the underlying security at a set price before a set date. A call option gives you the right to buy while a put option gives you the right to sell. While you effectively control a lot more of the underlying security with a smaller outlay with an option they are a risky investment for the average investor. Commodities - in terms of the commodity market this is simply the trading of commodity products such as oil, gold, beef, etc. The typical way to trade these are through futures, which is a contract to purchase or sell the underlying commodity at a set price by a set date. This market is considerably more advanced and risky for the average investor. For more information on each: Commodities - http://www.investopedia.com/articles/tra... Forex - http://www.investopedia.com/university/f... Options - http://www.investopedia.com/university/o... Check this http://people.stfx.ca/kmacaula... out too. Report Abuse For forex you can learn more at http://the-forex-trading.blogspot.com

Where can I get live forex rates via an RSS feed for free? -

http://fxlabs.oanda.com/cgi/fxlabs.pl?id... http://www.fxcm.com Open a demo account and use their trading platform for free. Go to - Trading Platform and sign up. Check out EasyForex.com. Great broker service and they have all the trading tools you can imagine. I would also check out http://www.forexvendors.com to explore more resources involving the Forex. http://www.fxstreet.com/syndicate/rss/ this website has alot of what you are looking for, they get their data from netdania, also you can open up a small live account with many brokers that now have web based applications with streaming quotes. good trading mark mc donnell www.forexearlywarning.com

Does anyone make good money from Forex Trading ? Share your stories here. Thanks , I want to start.? -

Does anyone make good money from Forex Trading ? Share your stories here. Thanks , I want to start. Help the new guy out =) You can make some good money but its not that easy. Sign up with http://www.easy-forex-uk.com/ once you have signed up you can trade in a demo account! Have a play around before you deposit! http://www.easy-forex-uk.com/ A lot of forex trading has to do with dynamically monitoring the forex markets and alerting on profitable spreads. With the trading day beginning in Sydney (before moving Westward), it s crucial that you have the tools and the decision data at your fingertips. Most beginner forex trading accounts can be opened for between $1000-3000 based on the forex broker company. You can start with demo accounts and move up to mini and regular forex accounts. I ve been in the Asia Pacific forex markets for over 8 years and have seen profits come and go. It s a risky game but I personally like it. I don t make good money, but I am earning. Currency trading takes time and patience. Patience to study hard and then patience to wait for the right trade. When you gain, it is reasonably small quantities and when you lose it can be big which means that your method needs to be strong, you need self-control and good risk management. It has taken me 6 months to get this far, 6 months full time and I focused on one currency, better to be an expert of one than know bits about many. My world is GBPJPY. Currency trading looks easy, but it is very difficult and emotionally traumatic. Read the site below, it tends to give a realistic picture rather than a lot of hype which is very common in the field. It is not easy making money in Forex. People advertise like they will make you a million dollars, when your starting capital is $1000. Trading is very emotional. You first need to learn the markets and learn how Forex is traded. Having a few strategies to work with and if you could work with an Auto trading system even better. You also want to make sure you are with a good broker that offers rebates and fair spreads. This cuts down on transaction costs. My brother makes about $400 a day with forex because he s really good! If you want to get started, you should try this: http://technicalanalysisforex.com My brother used it and now he s making great money. You can use a practice account to quot;learn the ropesquot; and then start trading for real. I started when I was 19. Bought a trading system, used the demo account for 2 months (you play the trading game without investing actual money) and I saw it could make me profit. While doing this I was working two terrible jobs (Wal-Mart and another local store) and I saved $5000 to invest. Invested it, made profit, invested some of that, made even more profit and it just kept snowballing. I m now at the point where I don t have to work a day in my life. If you re interested I found reviews of the top 3 Forex trading systems: http://forex-tracer.the-perfect-solution... I know some did but it takes a lot of effort to study especially if you are a beginner. It s convenient but requires initial learning before trying it out. It s a good idea to gather information about it . There are a lot of quot;FREEquot; information and ebooks to start with. Just use Etoro, its always been the best and still is the best. I wouldnt trust any of the new ones. http://www.etoro.com/B32_A4731_TClick.as... 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

What if you are completely new to Forex or anyother market...What do you do? What is some advice? -

I m just very confused about this because, if you are trading on Forex, where do your profits go? A bank account? And where is a good place you can learn what all the Forex Lingo is... It s really tough if you don t know what the h3ll you are even looking at..HELP! I ll try to answer your questions one by one. If you want to learn how to trade forex, first you open a demo account with an online broker of your choice. To find which broker has the best ratings, look up OANDA in this thread http://elitetrader.com/br Soon as you have a demo account, trade that demo account as much as you can. What you want to achieve is to learn when to trade and when not to trade. This is going to be your trading method. Fine tune your trading method by trading as much as you can sticking to your method. When you can trade and show profits three months in a row with that demo account, then it s time for you to open a live account. The reason I asked you to open with OANDA.com is because you can open a live trading account for only $10. You then trade that $10 exclusively using your trading method. You will find out that trading a live account is way different from trading a demo account. See if you can fine tune your method some more and master your ego and emotions trading this live account. They key, you will learn, is to live to trade another day. When you can trade and show profits three months in a row, add more funds to your account. You will learn that all the profits that you will make trading forex goes into your account. With OANDA, to withdraw funds from your account, first you need to fill out a form from their website. OANDA will give you several options to choose from to withdraw funds from your account. You can either withdraw your funds: - using your paypal account. - OANDA can wire transfer your funds to your designated bank. - send you a check. If you wish to learn more about the terms used in this business, you can check out http://investopedia.com or http://wikipedia.org It s usually challenging learning how to trade, just keep at it. If you need more information on this matter, feel free to contact me through my website http://jsforex.blogspot.com Hope this helps! - Jim If you wish to learn more about forex trading, you can find a lot of free information online about forex as well as buy some forex trading course (like Peter Bain s). All your dealings are handled by forex broker. When you open an account with broker, you deposit sum of money you wish to trade with. Any profits you make are deposited in your broker account. There are many options to withdraw money depending on broker. Most brokers offer payouts through PayPal, or transfer the money directly to your bank account. It s not hard at all as long you buy a PROVEN system that has a well backed knowledgeable team of advisors. You can ask them as many questions as you want and get step by step advice. I recommend Forex Funnel. The people there know what they re talking about and they re all about helping their clients. http://allforexeveryday.wordpress.com Good luck! Check out Forex Funnel on the forex review site I just linked you to. My advice is DO NOT go into Forex trading without at least a few years working in a financial institution. Forex is one of the more high risk financial instruments and you can quickly lose your shirt if you don t have a very good understanding of macro economics. In the meantime, stick to trading some of the lower risk equities (blue chips, funds) on etrade, scottrade, etc. Non of those people know what they are talking about. 1st off your profits go into your account where you opened it. Tthere are numerous retail traders on-line. I use FXCM. They have a great educational center. Tons of free stuff. Daily webinars (for Free)and a beginners 8-day course for $20. Who ever you choose, open a demo account and practice. Buy a book or two and educate yourself about what your doing. Give it a couple months maybe 6 before you open a live account. If you don t know something ask Patience and discipline. Crawl, Walk, Run. Sen. Clay Davis - The Wire If you don t have enough education about trading forex I would suggest getting a financial consultant. Here is mine. http://www.plateofgold.com/partnerfund

Forex analysts out there i need to study on currencies which are the schools to study? -

You don t need a school. Buy a couple books and study yourself. Open a Demo account for free and practice. check out this link and Register to get a Free Forex Ebook. If you want a live, one-on-one approach, you can deposit $100, which eventually is also part of your initial capital, and you will be provided a personal Account Service Manager to be your personal consultant who will also serve as your mentor and trading partner, will answer all your technical questions and with whom you can talk live over the phone, email, chat or any form of communication available. other than that, the site also offers the following: 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; uses the latest highly sophisticated and advanced technologies in order to offer you up-to-the-second quotes; and If you are a frequent trader dealing in larger volumes, they offer tailor-made account to suit your exact needs (spreads, leverage ratio, mobile-phone alerts, etc.....) I have been trading forex for over 7 years now. The best way to learn forex is by trial and error. Yes you need to learn the term at least to get you started. But the best to learn is by doing it. First download a demo account for practice. Then get yourself an easy to follow forex system. Joing a forum where they discuss forex trading. Caution not to become a holly grail chaser. There is none. You need to build your own way of trading. Trading software that promise to trade for you (SCAM) do not buy them. NONE WORKS. (they would not have sold if it works for real) Finally practice , practice, practice. #1 advide that I would give you is not to be greedy and jump in the matket with real money. Trust me you will fall. I am not trying to scare you away, but I am trying to help you make the right decision. You may also consider a trading system that you can follow and trade regularly so you can have some discipline. I am open to provide any assistance you might need. Just send me an email. I trade everyday and post my trade result on my blog. Forex trading-http://tradingsforex.info/ www.forexpeacearmy.com

What are conditions of trade that make forex market necessary? -

Forex trading gets an edge over other investment avenues.There are pood reasons for this-It is single largest liquid market in the world with trillions of dollars being traded every moment.Its works 24 hours a day and you can trade from any where in the world. And it has not severe regulations as such.You can trade with minimal capital also. Any genuine forex trader will tell you forex is no place cut teeth as a newbie.Forex is highly risky and volatile.That is one of chief reasons why people trade thro brokers.I have been trading thro my broker AVAFX for close to four years now. TO get started.... you need a free software to download and it is freely available at http://www.new-forex-trading.blogspot.co...

How the retail forex brokers operate and what they do with the client money? -

They hedge themselves on the quot;realquot; FX markets - by actually trading the amount of money you dealt with in your trade. As most internet FX trading is all geared, most of the reputable FX dealers are associated or partnered with a back or investment bank that guarantees those quot;loansquot; in your leveraged trade. They keep client money in a trust account, if you are profit and you close out your position, you get paid your profit and your capital returned. If you realise a loss, you pay out the loss out of your capital and more if you aren t protected. Some brokers trade quot;nakedquot; but I d rather stay away from those kinds. That is without hedging their position in the market or by executing the position that their client takes in the market. Unfortunately, a lot of them are scammers, be careful who you use:

Can You Reccomend A FOREX Broker? -

The ideal broker would have variable spreads, no slippage, no blackouts or re-quotes. In addition to that I am also looking for one that would allow me to trade Gold, Silver, and Oil. Thanks in advance! Hahha, I am a Forex trader. Of course, I would recommend Citigroup, but there are numerous good brokerages. Goldman, Morgan Stanley and Lehman are all very good. If I were you I would pick one that is convenient for you. All brokerages tend to charge the same commissions. There really is no difference. As far as investing in gold as of right now.....stick to shares of Apple. Dollar is viewed as pessimistic right now..but remember that the ideal time to invest is when everyone is scared!!!! Hi, I could introduce you to one of forex broker leaders that is located in SWITZERLAND and Regulated by the Swiss Federal Department of Finance; audited by KPMG. They have very tight spreads. Total 25 currency pairs, Gold and Silver. SPREADS: 2 pips for EURUSD, USDJPY, AUDUSD, EURGBP, EURCHF; 3 pips for GBPUSD, USDCHF, USDCAD, EURJPY; 4 pips for CADJPY, CHFJPY; 5 pips for NZDUSD, AUDJPY; 6 pips for EURAUD, GBPCHF, NZDJPY; 7 pips for EURCAD, GBPJPY; 8 pips for GBPCAD, GBPAUD, AUDCHF, CADCHF, NZDCHF; 10 pips for AUDCAD, AUDNZD. LEVERAGE 1:200 default but client could chose the leverage from 1:1 to 1:200 at the account opening procedure. MARGINS. The margin or leverage a client can have depends on the client s account equity. The table below shows margin requirements for the different equity levels: Less than 25,000 - 0.5% 25,000 to 1,000,000 - 1% 1,000,000 to 5,000,000 - 2% 5,000,000 to 10,000,000 - 3% Above 10,000,000 - 5% Please note that on weekends and holidays margin requirements remains the same. SWAPS are counted as negative as positive. Also is available swap-free accounts. STOP and LIMIT orders may be placed as close as 5 pips from market price TRADING TERMINAL Meta Trader 4. Clients can choose to have their accounts denominated in either USD, EUR, GBP, JPY, CHF, AUD or CAD. Initial account opening deposit from US$2000. From first view it probably looks high comparing with other brokers who allow mini accounts and minimum initial deposit from USD250 but it is more useful and safer because clients are more protected from quick stop out and total loss of the initial deposit in the case if unfortunately it would be several unlucky trades in rage. This is regular forex trading account however it is allowed trading in mini lots (from 0.1 lot). If you are interesting I could introduce you to them please e-mail or PM me (press on my name) and I provide you with further information. Furthermore I could provide you for FREE with more than 50 trading e-books and trading systems that worth more than several thousand dollars and are very useful as for beginners as for experienced traders. Good luck!

Any sucessful forex investors out here in yahoo answers land? -

If so, what is your secret to success? Let me first try to give you a better perspective of forex trading. Only about 10% of traders make money overall. 90% lose money. to be in the 10% you have to be really good. This take experience and training and discipline. one do not always make money in every trade one goes in. Sometimes we were wrong and sometimes we were right. What happen is that at the end we must make money to be considered successful. It is about probability. We must have better odds. Like casinos where players have smaller odds of winning while casinos have higher odds of winning. Success forex traders make themselves the casinos. We must have higher odds of winning. We do this by learning about technical analysis (chartings, use of indicators etc). It will be too long an answer to give you a complete picture. But this should give you some idea. I belong to the 10% group. Plenty of good advice here. I m not there yet. Doing allot of reading; ie; John Murphy - Technical Analysis Boris Schlosserberg - Technical Analysis of the Currency Market Lien - Day Trading The Currency Market From what I can see there is no secret. Just hard work. If you re doing good...... 60% correct trades will be good. 70% will be incredible. Managing your risk is just as important as picking trades. There are no quot;systemsquot; that work. Keep in touch if you feel we can help each other.

I need advices about starting a biz. and which one is best to invest into, forex or stocks? -

which one is less complicated and complex, forex or stocks. I really would like to have one, i m planning to start saving for my passive income. And what is the best biz to start with, i m only 23. I like videoke bars, books, music, and food. so i really don t know what i want to work with. or is it best to franchise? thanks If you are depending on a managed service, then it makes no difference. If you are doing it yourself, it depends on how aggressive you are or how much risk you can take. Forex to me is far more challenging and has a lot of avenue to make money but you can also lose especially if you are not familiar with the trade. Hi, If you re looking for a passive income, then perhaps stocks would be a better choice, since they pay out regular dividends. If you re looking into Forex investing, you will have to actively close out your position before you can get your profits, so I wouldn t personally consider that to be passive income, unless you re looking to earn from roll-overs (i.e.carry trades). Hi Celestial, I fully understand how confused you probably are about which way to go with your new business plans. I personally like forex trading, but it is very risky. 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 with everything! It s easier to make money in Stocks. Forex offers higher returns but higher risks as well. Some good advice here: http://www.estocktrades.info

Why do Forex accounts harass you to death? -

I opened a mock forex account and the broker calls me all the time trying to force me to put money in my account. How desperate are these guys for accounts? Online forex brokers are required to maintain a certain amount of capital or they will be shut down. IMO, online firms that are aggressive in getting people to trade with them are either undercapitalized and wants to generate more business, or they have just hired a bunch of salesmen to generate more business. If i were in your shoes, I d move my demo account to a different online broker. Pick out the top 5. These brokers will let you trade a demo account with the least solicitation. Maybe an email every now and then. I trade with OANDA.com. They have a demo account that you can trade without limit. Although I get email from them once a month for the demo account, this is more to update me on latest developments, than to get me to open a live account with them. Hope this helps. http://jsforex.blogspot.com Friend it seems that your broker are just too professional to get leads and do business or either you are not actively involved in forex trading thus loosing your margin money. Forex markets are too volatile and your investment goes on fluctuating. If you leave your investment in their hands then definately you would run into losses. This is their business to invoke people to deposit more and more money. But you have to take care of your account. Try to find some good broker who takes care of your investment well. I am with FINEXO since 2 years and never faced such problems. they are very good at their work, but the condition is i have to regularly update my portfolio. My suggestion would be to change your broker and balance your portfolio well to avoid any such situation. The whole forex system is built in such a way that you lose... the quicker you get in, the quicker you ve lost your money and they have it! I have a forex account, and if I don t trade for a period of time, they send me a polite reminder that they are still there if ever I want to throw anymore money away! It just so happens that it appears that my method works so they can be patient while I rape and pillage them :-). You gave them your number? Maybe you should ask yourself why did you do that. These guys are no different than any other company that has your number - they will call until you tell them take me off your list or I will file harassment charges against you. Good luck, try and use common sense next time. My wife has the same problem as you in giving out our number - it pisses me off to no end. That s happened to me before too; very annoying. I m using the demo account with Forex Tracer now. Here s an article I found about it if you re interested: http://ezinearticles.com/?Forex-Tracer-R... They re not forcing you to do anything. They guy calling you is a salesman. You expressed an interest in his service. He gets paid to convert you from an inquirer to a customer, just like any other salesman. They are salesman. They get paid when they sell you. They be trying to sell you.

How to get profit in forex online? -

any free automated software that works to help me make decision to buy or sell? or how do i know when to buy, take profit and cutloss? Currency trading is risky business, but you can make money with it. You just need to trade smart. Before you start trading, you should learn as much about forex as you can to prepare adequately. Many websites will advise you to trade with leverage to increase your profit. Leverage is ratio between lended capital and invested capital. For example if brokers offers you leverage of 100:1, it means that if you invest $100 you will be able to trade with $10.000. While leverage can bring you higher profits, you can also lose all your invested money very quickly. Most brokers have automated systems that can issue a stop order to some trades to protect their interests, so you can never lose more than what you invested, but it is also possible that some brokers don t have these systems and in that case you can be responsible for losses that outweight your investment. That is why you should always read brokers margin agreement. Avoid using high leverage (more than 10:1) until you learn how to trade successfully. Just remember greed can be your enemy No.1. Also don t expect high profits with forex. People who make money on forex are doing it slowly. If you expect a return of 200% within a week, or month, than forget it and try something else. There are some software that could help you to decide an entry or exit point. Here is a list with some of these software: http://www.forextopten.com/forex-trading... If you re a complete beginner on Forex market it s always good to read everything about it so that you know what you re doing. Try to learn everything that you can and use a demo account so that you can test your trading skills. Good luck you can use robot trading software. http://theclickinfo.com/forexpro/ Learn the basics: http://www.babypips.com. Also http://www.etoroforexgames.com has a great platform to start with. Their platform makes it easy to understand what is going and it is unlike any other platform in the world. They also automatically put in stop loss orders for you, offers its services for free, and there are no commissions. (This is pasted from another question I answered your question is similar so I pasted the same response I hope you don t mind.) One month ago I quit my job (finally) and became a full time Forex trader after trading for two years part time. It took me two entire years to learn how to trade well enough that trading could replace my work income. How did I succeed? I worked hard and eventually I begun to make consistent profit. I told myself when I have 1 and a half years income saved up in the bank and a decent sized trading account I would quit my job and trade full time. I am know trading full time and loving it. WARNING!! Do not pay for signals or for e-books. The truth is you will learn nothing from an e-book. The people that write e-books are failed traders and you can t learn anything worthwhile from people who never made it. There are a FREE few sites you can check out for Forex related materials. www.forex4noobs.com www.forexfactory.com www.babypips.com These are all great sites, forex4noobs completely revolutionized the way I trade and helped me see the market in a different light. The forexfactory forum us great to meet new traders but as far as the analysis goes I stay away. It seems like the blind leading the blind. They have a fantastic economic calendar and news section. Babypips is great to learn the basics! Good luck and if you need any help email me at sandyquaho@yahoo.com Hi, I strongly suggest www.forex-signals-4u.com If you are serious about making profits you should consider as well reading some of the articles listed on the web site. Good trading Definitely, the best free automated software for forex is in your brain. But it need to be trained first. For that, learn all you can in http://www.forex4noobs.com and http://www.babypips.com In the meantime, get a demo account to practice trading, read up on candlestick charts and learn to draw support and resistance lines. For a working signal generating software to tell you when to buy and when to sell, try http://www.secretforexsignals.com forex managed funds program? did you know that? most retail forex investors was lose...please see this blog http://fxgain.blogspot.com...

What is the adequate level of forex of any country? What are the adequacy indicators used? -

I am not too sure abt the levels// it depends on various parameters like FDI, balance of payments and trade deficit/surplus, the external borrowings.. It is usually measured in the number of days/weeks months worth of exports that can be paid by the reserves. It is like the savings of an individual - if your income stop, how many months can you survive/ pay your expenses.

Hard Currency instead of Forex as an investment? -

Would nt it be profitable to actually HOLD a foreign currency (maybe in an Ultra-high interest foreign bank account) as opposed to buying it by contracts or Forex over and over again. Currency contracts all have expiration dates-which means your currency could eventually evaporate. Is nt there a way you can hold a currency without leverage and profit from the fluctuations? Forex is the spot market, not a futures contract that expires. By trading the Forex, you are buying bundles of actual currency, and there is no expiration. You can hold your trade as long as you wish. There is also a futures contract on each of the majors, but this is not what you asked about. But incidentally, concerning futures, nothing quot;evaporates,quot; but rather quot;settlesquot; at some price, usually the spot price. I trade both, and the futures have less slippage, but the margin is more. But then, I m a trader, and you are asking about quot;investing.quot; Your second question concerning leverage: You can buy $100,000 worth of currency with $1,000 margin. This would be the purchase of one standard lot, at 100:1 leverage. Just because you quot;canquot; doesn t mean you quot;shouldquot; trade with this kind of leverage, as you seem to be aware. 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. And hold it until the cows come home if you wish. Just remember that the interest is paid in the foreign currency. Example: you decide to buy 133 Australian dollars with 100 US dollars at the current rate, because AUD pays a better rate, let s say 6% per year in the money market. In years, if the interest rates are stable, you will have made 35 Australian dollars just in interests, so you will have 168 AUD. Unfortunately, the exchange rate goes back to where it was 4 years ago, 2 AUD = 1 USD. You change your money back in USD, and you ve got 84 US dollars left. Welcome to the world of Forex! Wouldn t you rather take smarter risks? Here s one possibility: http://www.inside-alpha.com/presentation... Let s make money! Good luck Marc You can, but doing your US based taxes is a pain when you have assets in foreign banks - you re subject to taxation in both countries, and the taxes can wipe out a great deal of your gains, especially if there s no reciprocity between US and that government for taxation. That s why you buy Forex, they do the paperwork for you, and report it appropriately on the necessary IRS forms.

How can I get a quot;forex charts softwarequot; that includes quot;Volume indicatorquot;? -

I prefer free or free tial software. As far as I know there is no indicator on the volume of forex charts. That is why banks and larger institutions have the upper hand on retail investors as they can see and hear about the large orders coming in whereas the retail investor is left out in the cold. sncfx.com Report Abuse

What time do you calculate daily pivot points in forex? -

So much confusion, is it at 12 am EST or at 5 PM EST? When do most people do it and which times are the best to calculate pivots? You just need to calculate daily pivots once a day. The best time to do it really depends on your strategy. If you start trading for example at 8am EST, you can calculate yesterdays pivots at this time. The only important thing is to calculate pivots after the rollover period on your broker. Pivot point is a level in which the sentiment of traders and investors changes from bull to bear or vice versa.They work simply because many individual traders and investors use and trust them. The Pivot Points update time (in EST). The Daily Pivot Points are calculated at 5:00 PM EST each day using the previous 24 hour period. If calculating the pivots on Friday (for use on Sunday and Monday), it is recommended to use 4:00 PM EST, instead of 5:00 PM EST; Why? Your particular FOREX broker may close the market earlier than 5:00 PM EST on Friday; if this happens there is no value for 5:00 PM EST which causes the indicator to NOT display.

Which company or website can i use for my investment in forex? -

which company or website can i use for my investment in forex that does the trading and delivers my profits into my account? Well there are usually two very important participants in the Forex trading process. One is the broker that will supply the trading platform and interface. The other is YOU. You are the one that will actually place, monitor and close the trades hopefully resulting in profit going into your account. You need to be aware of the fact that the Forex market place involves a high degree of risk. It is important that you understand those risks and become aware of various strategies that can be used to reduce these risks. Do not place any of your money into the marketplace unless and until you know exactly what you are doing. And you should not have to spend money to learn the principles and mechanics of trading in the Forex market. There are several different ways to participate in the Forex marketplace. I like working with new people and teaching them a conservative investment strategy that will help to reduce risks and has a high probability of generating consistent returns. I am currently putting together another investment team where we will learn a couple of strategies using demo accounts and virtual dollars. Drop me a line if you are interested. Paul Don t do it! Read this from the US Commodity Futures Trading Commission: http://www.cftc.gov/customerprotection/f... and from CNN Money: http://money.cnn.com/magazines/moneymag/...

Do Forex auto pilot programs work? -

Do Forex auto pilot programs work? The programs that calculate and make trades for you? simple answer... no.. more complex answer, sometimes... the expert advisers, or auto programs, have a certain logic built into them, usually based on one or more indicators.. they may show on testing that they will make millions... but they can also make less and lose your money.. I base this on three or more years writing expert advisors, using most all indicators, more than one indicator, and indicators that i have written... some test out really well, but fail in real life... The idea of making money while you sleep is a mighty one and lures many people into losses... we all are searching for the quot;holy grailquot; of expert advisors but none have found it yet... or if they have, no one would tell you... hahahaha If you are researching FOREX, here is a web site that may be of interest to you: http://www.currencyexchangepro... Best of luck, Dave Report Abuse You know the answer. You wish that it was true. But you know it couldn t be....... So ultimately......you ve got your answer before you asked it. Everyone in the business of FX wants you to believe it can be quot;easyquot; for you. They rarley tell you that 96% of all new FX traders lose their accounts in the first two months. Almost all others shortly follow................

Where to get free signal for forex trade? -

i have problem to trade in forex so if anyboby want share to me pls answer my question.thanks all You might want to look into the FreedomRocks strategy, it s very simple and easy to understand and it does about 95% of the work for you. My wife and I have used the strategy for the past 6 months on our live accounts and its the best investment choice we ever could have made. If you have any questions feel free to email us. Best Regards, Yo amp; Jaime www.smartforexinvestor.com Remember to have a plan - and stick to it. There are only two ways the price worm can go - up or down - so in theory if you flip a coin you should get at least 50% of your trades right. Forex Trading Log http://www.forextradinglog.com... Report Abuse http://forex-signal4.blogspot.... Report Abuse

What time does the forex market opens? -

what time does the forex market opens? U.S. pacific time. Dude...Forex trading is open 24/7 somewhere in the world. In U.S. ... based on the Forex platform you re trading, you maybe allowed to trade from Sunday 2:30 p.m of a week to Friday 4:30 p.m. It varies between different Forex platforms. FYI...Forex market is NOT regulated like Stock market exchanges, for time purposes. It does not open for business at 9:30 a.m. like NYSE and NASDAQ does. trading in the foreign exchange is most of the time rather simple and plain sailing, however it can be risky if you are looking for big profits, I suggest you read as much on the subject and find good articles before doing it, one free resource site I particularly like is this : http://umgarticles.atspace.com/forex-tra...

How can I make constant profit on FOREX Market?any recommendation based on your experience? -

No adds our try-to-sell please!!!Im just after some exact suggestions not sellers who wants to sell what they provide!! There are three categories of making money in the Forex market. One is by using Fundamentals trading. This is trading on news announcements, geo-political activities and other influences that move the Forex market. Various news announcements have some very dramatic influence on the price of the various Forex currency pairs. The challenge comes in guessing which way the news will drive the prices. A second category of Forex trading is Technical Analysis. This is the fine art of determining the short term movement of the market based on the study of charts, technical indicators, trends and the past performance of prices based on previous actions. The theory here is that prices move in repeatable predictable fashion. This fine art requires proficiency at determining support and resistance levels. pivot points, fibonacci points, psycological levels and trends. The high degree of interest in technical analysis is driven by the fact that a very large percentage of banks, institutions, maoney managers and professional traders utilize these same indicators and strategies to trade a large part of the $2 trillion per day that is moving in the market. If you can guess the same decisions that they are making you can quot;ride alongquot; and perhaps make some good money. The third way to make money in the Forex market is the one that the bulk of my clients use. It is certainly not as fast moving and quot;excitingquot; as the other trading styles. In fact it is considered more quot;investingquot; in Forex rather than quot;tradingquot; in Forex. It is a more conservative, long term investment strategy based on hedging with two or more currency pairs. There are three ways that we make money utilizing a hedging strategy such as the one that we use. First, we are paid a daily interest payment based on the respective currency pairs that we choose to trade. For example, I currently trade the GBP/USD and USD/CHF. I earn $23.14 each day on one of the pairs and I pay $0.72 every day on the other. So I get paid the net difference of $22.42 every day whether the market goes up or down. Secondly, the hedging strategy is based on trading quot;closely negative correlated pairsquot;. This means that while one pair price goes up the other goes down. This uniform movement does not always happen in exact harmony so we use an automated quot;robotquot; to monitor our accounts 24 hours a day and capture profits whenever the pricing moves a defined percentage in our direction. And lastly, since our positions tend to offset each other we are not greatly influenced by huge price spikes in either direction although we do take advantage of these large movements to automatically buy additional lots when prices move down and to sell off a few lots to capture profits as prices move up. I hope this gives you some ideas of how to make money in Forex and the differences between trading and investing. May all your guesses be good ones. Paul The only way AFAIK to make predictable profit is to buy/sell foreign currency at a commission. But the market s sewn up, I expect. It s the same as making a consistent profit in trading equities or commodities - you need to have a trading system that fits your trading style and a trading plan that you stick to no matter what. The people that I have met that make money trading have those elements and good money management (not overtrading the account). By trading system, I mean a system that fits your trading style, ie, are you a momentum trader, day trader, swing trader, position trader. It should be a system with entry strategies and exit strategies. Your trading is a part of your trading system, ie, what are the triggers for you to enter a trade, and what are the triggers that get you out? This is not something that comes to you in 5 minutes. It takes time to discover your style and develop a trading plan. Also, remember that a good trading plan/system doesn t need to be right all the time. You can be right 50% to 60% of the time and still make good money. I know of one person that is right about 50% of the time and makes really good money. The issue is that you need to have discipline to stick to your trading plan quot;though the heavens may fallquot; and not second guess it. There may be times you want to second guess and if you had you would have made money, BUT, that sets up a bad precedent as you will then always be second guessing your system/plan. Remember, to make money trading you need to: - Let profits run - Cut losses short - Have good money management. Recommendation : 1. Think Simple. 2. Dont be too ambitious 3. Keep to the same time frame. 4. Keep to ONE currency pair ! If it USD/GBP so be it. 5. Keep to the same technique. Dont use too many tools. You can experiment. But within boundary 6. Dont use one technique to explain or cannibalise the other. like elliot wave vs candle stick. 7. Remember your time frame when you are reading commentaries. Everyone s timeframe is different. 8. Get on a Tutorial programme. Pay if you have to. Scour the forum. You will get an idea what is good. But remember quot;one man s meat is another s poisonquot;. 9. Patience. Even the Masters dont get to be masters overnight, some even a decade ! 10. Relax. http://www.forexaim.com Forex is a scam. There s no academic research showing that it is possible to make money in the Forex market, and currency is a depreciating asset, you d be crazy to buy it on high margin. You should buy appreciating asset classes like stocks or real estate. Also, you should model any trading strategy heavily - you will be simply amazed at the volatility. A trade where you bet $1000 to make $1,100 that wins 50% of the time looks like a good investment - until you hit a bad streak and your down $5000. Then you wonder if your trading system is bad or you re just unlucky. If it s bad, then you re going to throw good money after bad, and if you re unlucky, well you re going to have to risk more money and further losses to to get back to even. Sounds like fun? It is interesting that some people think that it is not possible to make money in the Forex market place. I guess someone should explain that to George Soros and Warren Buffet since they are both very successful Forex traders. Maybe we should also let Chrysler-Dailmer know, since they made more money in 2005 in the Forex market than they did selling automobiles. There is $2 trillion dollars a day trading in the Forex market. I guess that all these people, banks, institutions and countries are losing their money? I guess we should just invest our money in the stock market. Maybe in the next Enron. Or perhaps we can find a couple of companies that are defrauding investors by pre-dating options. It is true that the uninformed can easily lose money trading in the Forex market. But there are conservative strategies with which I have been averaging over 11% a month for the past 14 months. And the main reason that I am able to earn returns like this is because of the fact that the Forex market provides me the opportunity to utilize leverage to my advantage (up to 400-1). I guess the issue is that one can leverage knowledge or one can leverage ignorance. I would strongly recommend Plan A!

What are the larger Forex Brokers all around the world not only in america and what are the larger with MT4? -

What are the larger FOREX brokers and what are the most using the trading platform of Meta Quotes Language - MT4? I always thought GFT Forex was one of the larger forex dealers in the world. Altough I don t use them personally. sncfx.com Report Abuse I think these are good: www.ac-markets.com 2pip http://www.infx-trading.com 1-3pip https://fxtrade.oanda.com/ 2 pip http://www.alpari-idc.com/ 3pip

What do you think about investing in Forex Trading? -

I m not sure what you mean so I will try to hit every possibility. If I could find a way to invest in a Forex trading company, much like people buy stock in stock brokers, I would probably do it. I think the FOREX market is goiing to become more and more popular among small traders and every time one of them trades the broker makes money off of the pip spread. At the same time, there have been some spectacular failures out there caused by corruption such as the now infamous Refco. Another way to invest in Forex is to use a broker traded account, where you put up the money and the broker does the trading. I have never seen statistics on this, but would not trust my broker to make trades for me, but that s just me. I don t trust my auto mechanic either. As for doing your own trading, I think it has great potential if your mindset is such that you make a good trader. I have friends who have made as much as $35,000 in a month trading Forex. I have others who have lost their entire trading account. It is a high risk game so unless you are either good at taking high risk and winning, or know how to always limit your risk, you will likely struggle with Forex trading. There are mathematical ways to limit your risk, but even these don t keep you from experiencing a gambler s ruin where every bet loses. Each month there is a broker who runs a contest for the best return among its clients. They often have 300-400% returns over the month. The broker rewards them with prizes, but what they don t say is how many people had a loss compared to winners. Forex is a zero-sum trading business, for every winner there is a loser. In the stock market it doesn t work that way. I traded actively for a couple of years and did not make any impressive amount of money over the long term. Sure I had days where I had incredible profits on trades that took only minutes. Other days I lost money just as fast. My strategy on Forex these days: I have been buying stock in Canadian and Latin American companies and am getting a good return. Not only are these good economies but as the American dollar falls they gain in value. Also, I no longer have to get up at 2 am to check the London market opening, or stay up all night watching my trades. Try a free demo account from one of the big Forex brokers. When you have doubled your money, and not until you have doubled it, open a real account with real money. That is the best way to find out if you can trade Forex. Don t spend money on fancy software that tells you when to trade. You can find the same trading signals without using the software and learn more about how the technical signals work. Join the Yahoo! Forex trading groups. Learn from others if you want to try it. I think forex trading is risky for beginner. I believe the best way is to use external assets managers. I found a nice web-site om this topic. http://www.invest2forex.com I am sure that you may find a lot another websites, Just search for term managed forex accounts on yahoo Report Abuse Forex trading is an excellent way for an inexperienced trader to loose money to experienced traders. I would stay away from it. If you are concerned about a declining dollar (and you should be) consider buying and holding Central Fund of Canada and American Century International Bond fund. These funds should do well as the value of the dollar falls relative to other currencies. It s much like investing in any investments. It involves analysis - both technical (numbers) and fundamental (world events). Those who analyze the market correctly profit from the investment. Those who don t do their homework lose their investment. For people who don t want to analyze at all, I suggest they find their own trader who works very hard in analyzing the market and who has a great performance track record. Also one who has a CTA (Commodity Trading Advisor) license from the NFA (National Futures Association). There are a lot of traders registered at the NFA website. Let me know if you need more help.

Experiences with The Ultimate Forex Predictor? -

Is there somebody who has experiences with the programme The Ultimate Forex Predictor? my self NO. others yes, No other way to lose your @ss faster. stay away.

Is it illegal to open up a small Forex hedge fund? -

I am a private Forex trader who wants to expand into a small online hedge fund. Note: This is not code for a pyramid scheme or ponzi scheme. I am talking about trading real money. What is the legality on this? How much money can I trade before having to register with U.S. Securities? You can have any kind of hedge fund you want. The key is you need certain registration, the right fund docs, the right corporate structure, and the right legal advice which can cost you $10-50,000 in total depending on your structure. The hardest part is you will have to find qualified investors who are willing to invest with you. First off in order to trade other people s money legally in the forex you will need to have your series three license. Registration with the NFA (National futures association) is easy. The paper work you need to have and get signed by your clients must be prepared by a lawyer just to cover yourself. First go and take a series 3 and then come back and talk 1) You should talk to your brokerage firm about this and avoid paying unnecessary set-up fees. 2) If your firm cannot or will not willingly assist with that, then move your account elsewhere. 3) There are different guidelines depending on the number of investors and assets under management you expect to have. 4) Go to miramar-research.com and elitetrader.com for additional info.

How do charts on forex platforms work? -

Lets say the the computer chart moves the price from 1,5000 to 1,5001-a one pip move.Why?I could understand if the price would move once a day but every second or so?A one pip move has to mean something,there is a reason why it moved for only one pip.Whats that reason? Also how does the chart know to move the prices? For each movement a graph is made. When such graphs are combined together you can see the graph moving in electronic trading. Of course the market is very volatile so there are bound to many graphs.The graph seems to be moving thus.Each trading Software is linked with market thro coding which shows the movements according to the markets. Well, one of the main characteristics of the forex market is its extremely high LIQUIDITY. This is because the forex market is not like a normal stock exchange market that has an opening and closing hour; the forex market includes all transactions in currencies around the world, anytime, by anyone. The data is collected from various banks through Reuters agency. Basically what they check is how much the banks are charging for buying or selling of the currency pair (e.g. EUR-USD), and then the quot;standard pricequot; can be calculated. Yes, it s such a huge market with so much money flowing in it, so many participants and so many deals being done, that the price can fluctuate every second or so. As for what moves the price up and down - as usual it s supply and demand. When someone buys, he pays a slightly higher price (the quot;ask pricequot;) boosting the price up, and vice versa with the quot;bid pricequot;. The one-pip movement you re describing is the result of average weighting of all transactions that occurred in the last second (or any other arbitrary time frame). Then all the charting services, which are connected online to the forex network, can display the change - close to real-time if not perfectly at it. Good luck. :-)

What is forex trading and how to be part in that from india to become a invester.? -

i want to invest in forex trading. whom we can contact and how to go about it further. Hello, The Forex Market is about the exchange of currencies, in order to profit from this market s volatility. When a trader is considering the purchase or sale of a certain currency, he speculates on the possible rise or fall of one currency in relation to the other. The trader can profit by the market s movement whether the market rises or falls. You can be a part of forex trading from anywhere in the world as there is no central exchange monitoring forex yo can get register from any online forex broker and start trading. this is also a very attractive feature of forex which urges many people to be a part of this market. Take Care n Have a Happy Trading!!! you just have to check out your options in this site. it will lead you to one of the leading, reliable, trusted and a very legitimate forex trading site. you can start by registering so you can download a Free Forex Ebook and a Free Demo Account to read and learn. one best feature of the site favorable to new starters is their quot;personal servicequot; feature. by opening an account with them, they will provide you a personal Account Service Manager or ASM as your mentor, consultant and trading partner with whom you can talk live via phone, email or chat whichever is most convenient for you. your ASM can walk you through the basics and brief you on all aspects of forex trading. all the best. Look into starting an www.FxPro.com account while running a proven profitable expert advisor like FAP Turbo. This is probably one of the easiest and safest ways to get started with a small investment of $500 dollars. I just started Forex trading and this has worked out very well for me. Forex stands for Foreign Exchange i.e. dealing in world currencies. The most active ones are USD/Euro, USD/Yen and USD/Pound Sterling. But you can also trade rupee s (I believe). Just Google Forex trading India and find some links. Hope this Helps forex is about buying one currency against another when low and selling when high you can check avatrader they offer a good service

Which are the best sites where can we can see Forex rates and also get good tips ,Indian Rupee against USD? -

get good tips from here http://c0000l.com/?cat=62 www.rbi.gov.in Abe confas has more than 18 years experience in forex trading and teaching. Therefore, learn forex trading is made easy by his programs. you will find out the best forex trading tips and strategies on his forex blog or sign up and take one of his courses. there is his site : http://www.secretsofforextraders.com or you can go there http://www.secretsoftraders.com/ to see Larry Levin who earned nearly 2 millions dollar in 4 years of trading.

What is the book from which i can learn Forex effectively ? -

Without even spending the money for a book I really like the information and format of babypips.com. This is one of the first steps that I recommend to all of my clients to get a sound understanding of the Forex market. I then recommend some actual hands on experience by trading with a demo account using virtual dollars and not any of their own hard earned money. This way you can experience the actual tools and processes used when trading in the Forex marketplace. This will also allow you to experience the actual movement of various currency pairs in relation to each other. The Forex market is quite interesting, it is fun and dangerous at the same time.The educated and cautious live to trade another day. The impatient and greedy fall by the wayside. I wish you much success and I would be happy to answer any more questions that you may have. Paul pupp52@yahoo.com http://www.geocities.com/lcming/Forexboo... is a compilation of good Forexbooks. Check it out.

I have $ 10,000. Please help me. I want to invest in forex managed account. Is it a good idea? -

Hello, Finaly found someone who is also interested in mannaged forex accounts. My advice to you is yes yes! If you find a good one you ll earn lots of money. This is what I have done: http://my-robottrader.blogspot.com/ These are the results made by my moneymannager in one month and a half. It s going great because they are verry experienced in what they are doing. The support is also great if I ask them a question I almost immediatly get one back. I find that verry important, because I want to know what is happening to my money. Annyway About the acounts itselfs I can t give you good information... For this you have to contact my money mannager. If you want I ll bring you in direct contact with him.. Just send me a mail (adress on my blog) and I ll give you his Adress. . If you think that this amount is surplus and you are not worried about the loss, then you can start playing with forex options. Else, you can be wise by investing the amount partly in safe Mutual Funds/Bonds and partly in deposits. hello yes this is teh good idea to invest in forex with 10000 i m fund manager and i recommend u to invest in this busiiness and earn 50-75 percent of profit minimum on monthly basis 00923222923756 (hymarkets@hotmail.com) thanks no - without experience you will lose your shirt most likely ] you can get a play account for a while - try it for a year and see if you can make money - but don t invest anything unless you can afford to lose it all they are managing the account..if it is all your capital.NO....if 20% or less ,give it a try....... NO, it s a bad idea. FOREX is the fastest way for you to lose all your money. Better Put your money in Belarusian bank. You will get a 13% rate of interest with NO RISK AT ALL because all deposits are state insured. I have such account. Email me for more details about my account. ICQ: 375576529 Good luck! if you are interested in dealing with forex, check this site. i would suggest you register first and download a free e-book. do a wide research on the site itself. once you are registered, they can provide a personal account manager to help you understand the forex market and guide you on your first trading steps until you get familiar to the system. you can also have a live one-on-one help anytime you have a question in mind. best of all, you can start trading for as little as $100.00 which is incidentally a lot better than demo trading so that you will really feel the pros and cons of the market until you get the confidence. you can also set up limits or freeze the rate as you see it. to learn more, go to the site below to register. No.

What is the best book to learn forex trading ? -

Beat the Odds in Forex Trading: How to Identify and Profit from High Percentage Market Patterns by I. R. Toshchakov and Forex Made Easy : 6 Ways to Trade the Dollar by James ***** Good Luck! You can get the info for free at - http://the-forex-trading.blogspot.com

What effect would the current financial crisis has to the forex value of the Pound Sterling? ? -

Would GBP continue to depreciate against USD? What about against currency of Asia countries e.g. SGD? No effect at all. Nothing will change with the Pound.. The US economic slowdown has just started to affect world economies. In my opinion, and the opinion of quite a few economists, the rest of the world is the beginning of longer economic cooling while the US is closer to the end of one (although the end is not that near). What this means for the GBP - the GBP has already fallen more than 10% against the USD since July 08. Why has this happened? Quite simply, the US is world s biggest consumer and when US spending slows eventually the rest of the world s exports slow. In general, if you want to follow these currencies, you can check out any of the following reputable news sites: www.dailyfx.com www.fxstreet.com www.onlineforextrading.com/blog finance.yahoo.com/currency In a way but not too much - if you want to learn how Forex works, there s a free beginners guide available at http://www.forexfromscratch.com - just type your name and email in the boxes to download it. It shows you the 5 steps you need to take to start profiting from Forex. Hope this helps?

Can Forex be predicted successfully using technicals? -

I would say yes. I put up two predictions on Friday based on some of my analysis. You can see them here: http://uk.answers.yahoo.com/question/ind... Can t seem to call up the GBP/USD drop of 100 pips minimum I had up - it was removed and reinstated. Oh well. It depends on the definition of successfully. If you mean 100% accuracy, No ! However if the definition is 60/40 or 70/30. Maybe. But to win in forex, you will have to consider the other set of equation relating to money management. COnsider this example. Even if my track record is 1:1. Or 50% win and 50% loss. Which I am at the moment, base on about 50 to 80 trades per month, you still can get ahead. Looking at win:loss ration in terms of qty is just leg 1 of the equation. Equation 2 is win/loss in $$ terms. Thus, out of 10 trades I lose 5. BUT If every winning trade I make $3. and every losing trade I lose 1. I would still come out ahead. Forex Trading is like boxing. Every body wants that knock out punch, but it the going on that counts. You will get punch. You will get a bleeding eye. To avoid loss is meaningless. Casue you will get loses. Its impractical to expect 100%win. You just have to manage your loses and winnings. Not really,too many variables.more likely to get busted than a good run. No, but there is a wise way to look at trading foreign currencies. http://www.homebusiness-opportunityseeke... yes no people who breath maths cant do it huge computers owned by large trading companies and dealers can do it you cant do it

I am interested in forex trading with ODLS as forex broker. Any comments about this broker.? -

I am interested in trading forex with www.odls.com as forex broker. Any comments about this broker. Can anyone suggest a better Forex broker. I haven t heard of major problems from them yet. I have been trading forex for about a year now, I have had my ups and downs, but I like it better than investing with stocks or options. What really helped me was the information I got from this company when I realized that I was loosing more and more money each day on the stock market, so I decided to try out forex trading. After the information I received from them, my perspective on the forex market changed. I gained confidence wth my trades and it helped me become a smart trader. http://intelipath.andreaskir.hop.clickba... I use Forex Yard and I m glad with it. You can read more about it and other brokers on http://www.forextopten.com/forex-broker.... try to check out this site below. they offer clients the following services: : ? 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$50 and up ? Freeze the Rate you see and trade Forex online ? No hidden costs ? Security and Safety ? Special Terms for frequent traders ? Live Real-Time streaming quotes ? Refer-a-Friend: special client s incentive program ? Full control with online access, hands-on moneys invested ? Full Transparency good luck. Have not heard about them. I would recommend to trade with forex-metal.com, one of the best brokers I ve traded with, nice customer support, MT4, 3 pip spreads on USD/EUR, good execution. I have not heard of them, but when dealing with a broker if they don t charge fees upfront, they will show trades whereby say they can trade with a 3 pip margin, they will trade for you with a 4 to 5 pip margin which means you earn a lot less in trades. I trade with a investment club that deals in three major areas of investment. Because it is a club there are no fees at all of any kind. If you are interested check out http:www.freewebs.com/mnthighinvest good luck in all your investments! Bob

I am interested in learning FOREX. Can you recommend a good book to start with? -

I am interested in learning FOREX. Can you recommend a good book to start with I met this guy Ed Ponzi at an event, he seems pretty down to earth, and he has a good book. http://edponsi.com/ You may also want to talk with someone, I would recommend Darren over at: http://forexautoprofits.com/ He ll talk with you for 30 Min no charge, he s a sharp trader. Tell him Rick D sent you. If you re looking for a free ebook, I would recommend http://www.freeforexebook.org/. If you re looking for a quot;premium ebookquot; I would recommend http://www.superforexsystem.com/ or http://www.forexhiddensystems.com/. Super Forex is more complete and powerful, and the Forex Hidden is more easy to understand and use. you may sign up and download a Free Forex Ebook and a Free $50K Demo account from this site. if you also want personal tutorial, you can open an account and you will be provided a personal Account Service Manager to talk to live via phone, email or chat to discuss all aspects of forex trading. all the best. Forex is not as easy as some people claim it is. Most traders would be better off with a weekend in Las Vegas than trading the Forex market. They shove money into a trading account and then start gambling. If you really want to learn thoroughly how Forex works check out this system; http://cognizance.fxavngr.hop.clickbank.... Try this site out. It s pretty interesting. You learn about the stock market and investing. The site teaches you how to manage stocks, bonds, and a portfolio. People whose quot;stockquot; start climbing are able to win small prizes. Some of my friends are using it in school. You can get some info on Wall Street here. http://greatskill.blogspot.com/ Good Luck. Hope this helps. There s a great 5-step beginner s guide here: http://www.forexfromscratch.com It s totally free to download - you just need to type your name and email address and it s *highly recommended* because it covers everything you need to know from demo accounts to live trading to cashing your profits. You really do not need to know anything about forex trading, all you need is a computer with internet connection and a trading software. Hi there, You can start here, http://www.babypips.com http://www.nondirectiontrading.com/membe... http://www.squidoo.com/lensmasters/timot... a lot of resources to learn forex here gt;gt;gt; http://www.online-ebook-download.com and check the quot;Forex eBookquot; at the end of this blog post gt;gt; http://raffimax.blogspot.com/2007/12/eas... Just start an trial account with Forex.com and also learn the tutorials there. You can also contact someone in nocostinvest.com to learn. Good luck!

Some of the the forex investment companies offering high profit on investments,All these are Real or Fake? -

These days so many adds are available on google that quot;14% dailyquot; quot;8800% after 5 daysquot;,quot;want to get rich in your lifequot;,all these companies are offering Forex investment with high return.These companies are real or fake,If not give me some companies which is reliable. Forex Trading involves a lot of leverage so profit potential is high but so is risk. For me, I think some of these programs may be real but most of them will benefit the brokers or sales people the most. It is better to learn the trade yourself and manage your own risk so that loses are limited. You can try some of the new forex software systems available and try them out until you are satisfied. Don t put all your eggs on one system so even if it goes wrong, you have other campaigns. I personally found Forex Killer quite good to generate signals. Has made me some money but I don t depend totally on it. All of the programs out there are designed to make the owners of the program money. My opinion is that 75% of what you see advertised will result in the participant losing money. 15% of the quot;restquot; will likely result in the participant breaking even over the long run. The experienced investor will know that any investment firm guaranteeing more than 8% on your investment is a scam. In the FOREX world, there are a few traders who have made astonishing gains in their careers. Marketing experts are very quick to capitalize on this and the fact that we are all chasing after the same results. I ve been told by so many traders, quot;if this system that you re willing to pay thousands of dollars for works so well, then why doesn t the promoter just trade it himself?quot; It makes perfect sense to me. Gains from forex can be exponential given the right sequence of trades. These companies do not need to make a lousy few hundred dollars from selling their system. Many of us quick to believe that companies are genuinely trying to help us out by selling a product that will change our financial lives. Think of it this way. To make money in a zero-sum game like Forex, you must have an edge. You must know something that the next person does not. If an investment firm has an edge, it would be in their worst interest to sell it to thousands of google adsense viewers. I would not dive into any investment program if I have even the slightest uneasy feeling that something is amiss. I apologize for sounding negative on this subject, but I have fallen victim to enough forex scams in the past and will do what I can to prevent other honest traders from losing their hard earned money. I have since moved on from buying into someone else s success and onto simply making my own investment decisions. You can make a lot of money in forex BUT if they claim 300% or more in profit your chance of lose has increased by that much. Further do not invest with a broker, Rather invest with a club. The best one I have found and use is http://www.greenbrairwealthpool.net There is never a fee to be a member of the club and payouts have been consistent Good Luck in all your investment endeavors! Bob Seriously man don t fall for it. It is possible to make 14% a day in forex, the same way it is possible to earn 14% in a casino. But it works both ways. That is a ridiculous sum of money that site is offering. !4% a day u can give them 5 bucks and be a millionaire by the end of the year. Why would they offer it to the general public? Do some research in stocks or open a forex demo account at oanda.com to learn urself. It s not that hard to make 20% a year which is amazing by most people s standards Read some nice book on forex trading because if you are really intelligent then it may be possible to get high returns, some companies really get that profit but its all about knowledge and consistent action to learn Forex http://gaurav777.andreaskir.hop.clickban... Most of them are really true. With Forex, you can really make or lose money very easily when compared to trading in stocks. haloy imy paras

Which is the best Forex services account ? -

I wanna trade in currencies...and there are so many Forex account sites on the net that the choice becomes difficult for a guy like me who has so far NEVER traded in currencies, especially in Euros and $$$... There are a ton of Forex brokers(quot;Forex account sitesquot;) to choose from. The honest truth is that the Forex broker you choose is VERY important to your success. Here are some questions I recommend you ask yourself before choosing your Forex broker: 1) What trading strategy do I plan to trade? If you scalp the market you will need a broker who does not restrict scalping or place minimum time limits on positions. If you plan on trading a carry trade system you will need to research the brokers swap(rollover) rate and find the most competitive broker. If your system usually trades in peak hour times you may want a Broker that offers variable rate spreads while if your system tends to trade off market times a fixed spread Broker may be the best option. Understanding your trading strategy and how the Broker will affect it s performance is key. 2) How large of an account do I plan on trading? If you expect to be trading more than $50,000 you will need a broker with sufficient liquidity to quickly and efficiently get you in and out of the market. These larger accounts are significantly affected by the size of a Broker s liquidity pool. Also, the larger your account the more important quot;broker financial stabilityquot; will be. Choose a broker that has a combination of liquidity and financial stability. 3) What currency pair(s) do I expect to trade? Depending on a Broker s liquidity source(s) the broker may have better or worse spreads on different pairs. For instance, MB Trading usually beats Dukascopy s British Pound pair spreads while Dukascopy tends to have better Swiss Franc pair spreads. Also, Brokers have access to different currency pairs. If you expect to be trading exotic currencies you will need to find a Broker that offers those pairs. 4) ECN/STP or Market Maker? I won t spend time explaining the differences between the two as an entire article could be written on the subject.... but both broker types have their advantages and disadvantages. You will want to research the differences, understand how those differences may affect your system, and decide accordingly. 5) Fixed spread or Variable spread? Some Brokers offer a set spread cost that normally only changes during news announcements. Other Brokers offer changing spreads depending on the demand for that currency at any given price. This choice can be extremely important depending on the strategy you trade and the position sizes you take. If you mainly stick to high-volume market times for your trading than you will probably want a variable spread which often translates into lower overall spread costs. If you get signals around the clock, many times during off peak hours a fixed spread Broker may be better because fixed spreads tend to be cheaper than variable spreads during off market times. It is important to open multiple demo accounts at a variety of fixed and variable spread brokers to compare the difference. 6) Do I want to trade using the Metatrader platform? Metatrader 4 is currently the most common trading platform available on retail Forex. It is wise to open demo accounts using several different platforms to get a feel for each platform and choose the one that suites your strategy best. Some platforms such as Metatrader offer an auto trading feature (Expert Advisor) where the computer executes the trades for you. If you plan on using such a feature either now or in the future, it is important to know the options and limitations of the platform you choose. 7) Do I trade with an on-shore or off-shore Broker? The location of your Broker has important tax and legal consequences. Also, Brokers are regulated differently depending on the jurisdiction in which they are found. Make sure to consult your tax, legal, and financial advisors prior to making the decision. I hope this isn t an information overload but the Broker you choose is HUGE. I recommend narrowing your search down to 3 and then demo trading all three before choosing. NEVER trade live until you know what you are doing and have practiced for months. you may get into this site. it will lead you to one of the leading forex sites today and therefore would assure you of dealing with a very legitimate, trusted and reliable site. best feature they have especially for newbies like you is quot;personal servicequot;. by opening any of their account, they will provide you a personal Account Service Manager who will walk you through the basics and will serve as your mentor, consultant and trading partner as well and with whom you can talk live over the phone, email or chat to discuss anything and everything you need to know about forex trading. all the best. Yea easy but need to be smart and alert. I play etoro and it is easy to trade and fun. very suitable for beginners. Currently, they offer bonus...eg you deposit 100$ you got bonus 25$ automatically in your account.(only for first time deposit-i wish i am new) You may read the review here. http://i-mint.info/2008/11/forex-trading... Good luck check these amazing sites: http://www.online-ebook-download.com/onl... http://www.online-ebook-download.com/eto... http://www.online-ebook-download.com/for... http://www.online-ebook-download.com/aut... http://www.online-ebook-download.com/bes...