Monday, March 19, 2007
Is it true that Forex systems work automatically? -
Of there is a system that work automatically or in a simple way then lat me know. I am interested in FOREX but i know that it is complicated and i what to start whit something simple. Thanks A good forex system means you need to constantly have high probability trades. You also need to be aware of all the currency pairs in real time. Hopefully this blog can help. http://www.whatisforextrading.com Remember, no system will be fool proof, so be cautios about the claims some trading systems make. For every complicated question, there is someone who will provide an answer that is simple, easy to understand, and wrong. Even more so with forex. Ask yourself the question: If someone really designed a computer program that could CONSISTENTLY predict the forex market it would be worth millions to a big hedge fund with billions to invest, so, why is he offering to sell it for a few hundred bucks to you or megt; There are the doubters who just don t want to believe and there are the people who take the chance to use it. One reason I can think of that big companies don t use the forex trading software made available to the public is that they have already created a forex trading software from their Ramp;D research team. Think about it. If other experts are creating their own software, don t you think the big companies have their own that they use on a daily basis? You just don t hear about theirs because it is not public, it is their proprietary piece of software and cannot be bought by the regular joe schmoe. Now if you had millions to spend, maybe they would consider selling you their software. The forex trading software you see available on the internet does work. Some better than others obviously. But these systems are not as robust and complicated as the proprietary systems (obviously). They are meant to be used by the regular joe schmoe who has no experience in the market. Therefore are reasonably priced for the end users. Do you think a complete newbie to the forex market is going to want to buy a $3000 + piece of software that they have to configure themselves to get up and running that will need tons of forex knowledge just to get started with? Exactly. B yes you re right, forex is complicated and it will not help you in anyway using an automated program for you to understand. i would suggest you check your options in this site. they offer personalised services through live, personal training to their prospective traders. for a $100 quot;mini accountquot; they will provide you a personal Account Service Manager (ASM) as your personal consultant, trainor and trading partner as well. your ASM is an expert forex trader and is the best resource person in your search to learn forex trading. meantime, you may register and download a Free Forex Ebook to start with. IF you want to start, there s a free 5 step guide at http://www.forexfromscratch.com which you can download for free. You *can* get quot;automatedquot; forex systems which are pieces of software that trace the charts and give you signals without you doing anything. They are a dime a dozen and most of them are complete BS however I use a pretty good one called quot;Forex Autopilotquot; which is VERY good. I found a review of it here: http://www.fxsystemscompared.com/rev_for... which basically shows you exactly what customers of the product are saying about it - making the review totally unbiased. Some of these systems work, but most of them don t. If you re looking for this kind of systems, you must read reviews about them, and practice on a demo account before risking your money. You can start by reading reviews on some of these systems at http://www.forextopten.com/forex-trading... then make sure you open a demo account to test them on your own. i actually trade forex on my own from my college dormitory until last month when my exams were around the corner, and i have to switch to auto trading on the forex. from my one month experience, it has been successful and sweet for me cos of the return am getting. though i have just used it for one month and i like it for now..http://forexpipsminer.blogspot.com/2008/... What I did is trading forex through a couple of online brokers like www.fxpro.com or www.eglobal-forex.com and using only Expert Adviser, an automatic trading tool that will do the trading for you which will minimized the risk when trading manually. For the EA I used from www.viking234.com and they give me a magnificent monthly gain ranging from 8-30%! I don t know about you but it works for me.... You will have to get an expert advisor. You can find some reviews of expert advisors on this link http://allforextradingnews.com/forex-exp...
Sunday, March 18, 2007
Hallo,do you know what website that provide alert on forex market free ,when to enter with 80% right.? -
Yes I know. This guy might know http://hpd.makemoneyonforex.com try this forex site, maybe it can help answer your question.
In forex metatrader charts, can i create a sound if the moving average lines crosses? -
i want the software to notify me whenever two moving average lines crosses so that i don t need to monitor it all the time. Is there such a function in metatrader? how? As fas as I know, you can t create that sound.
Any experiences with Tiens and Forex trading? -
Forex trading, or foreign currency market trading, is definitely an exciting prospect. From all the research I ve done, the potential to make large amounts of money is definitely there, but there s also a huge potential for loss if you re not careful. I d say study up and hit a practice simulation website before going in for the real deal. I did most of my research on sites like www.forex-potential.com - there was a short article on there with an overview of the whole Forex trading idea, and on the links I found a simulation site that let me do some practice trading. Pretty soon I m hoping to move up to real currency trading and start making some money. =) Forex trading works sorta like this (mind you this is a simplified version) - you re trading just like you would with a normal commodity, but it s currency values. And you don t just trade against the commodity going up or down - they work in pairs. For instance, if you were shorting the American dollar (expecting it to go down in value), you re not just saying the dollar will go down from where it is - it might be paired with the Euro. In that case, you shortsell it against the Euro - if it goes down while the Euro stays the same or goes up, you make a profit. Conversely, if you buy quot;stockquot; in the American dollar to go up, you re bidding on the dollar to go up or stay stable while the Euro stays the same or goes down, respectively. I hope this has given you some idea of what Forex trading is. Read that article I linked before and try to find a broker with a simulation web site that you re comfortable with. Once you do well in the simulation, you ll know the broker s interface and it will make the transition into actual trading much smoother. Good luck! Forex trading-http://tradingsforex.info/
Which are the legitimate Forex Trading companies? Which is the authority registering these companies? -
I am looking for some legal Forex Trading companies to open account with. There are so many fraud companies in this field which are working without registration and loots the public money.. Also I want to know which is the authority giving regestration for these companies where the list of these regestered companies are published. Any body please help me out! Great question and great timing. Although there is no official regulatory agency that has hold of the reigns of the quot;spot Forexquot; marketplace the NFA (National Futures Association) has regulatory responsibility for the quot;Forex futuresquot; market. Since the quot;spot Forexquot; market is currently resembling the wild west with some questionable players popping up every day a number of Forex brokers are establishing processes so as to be quot;compliant with NFA policies and regulationsquot;. There are current rumors that the NFA will soon require a certain level of financial stability and available funds so that brokers are able to support their operations during irregular markets. Currently a broker can simply close up shop and sail into the sunset with whatever money they can. A Forex colleague of mine has shared with us a government report indicating the financial stability of 170 Forex brokerages. The consensous seems to be that the NFA will require $5M in available funds within the next couple of months and up to $9M by the end of the year. Send me your email address and I would be happy to share this report with you and you can see where your broker stands. Paul Using the Mtpredictor s technical analysis Elliot Wave Principle software, Bsmtprediction provides Forex Traders with FREE access to AUD/USD, EUR/GBP, GBP/USD, EUR/USD, NZD/USD, USD/CAD, USD/CHF, EUR/JPY, GBP/JPY amp; USD/JPY daily currency forecasts through this website. At Any Time / Any Day (we ll straight away post the signals here in real-time if there s any triggered) 1 hour, 4 hours amp; daily time frame forecasts are published on this site. The predictions are good from the moment they are published until either it reached the take profit target, hitted the stop loss or another new prediction of the same currency amp; timeframe unveils on the same / following day. Essentially, the prices shown are for an unknown period.. That s why we encourage you to subscribe our FREE Google Groups newsletter to get the latest signal updates sent to your e-mail from the very 1st minute it surfaces the net.. You can open account with FXCM or GFTforex..They are the reputed companies.. You can get more info at - www.babypips.com http://the-forex-trading.blogspot.com fxcm.com When forex trading companies can be in almost any country, and you re really talking about exchanging one currency for another, you should assume that the regulation is minimal or nonexistent. Look for a reputable company, such as a large bank or another financial institution that does extensive business, to avoid quot;fly by nightquot; operators. Look for ones that may be registered with securities exchanges, or have other things at stake in maintaining their reputation. No matter who you re dealing with, you can get competitive exchange rate information at: www.oanda.com I used to use it often when travelling overseas and needing to convert multiple currencies for personal/business use. But, Oanda is also a leading forex dealer, according to their web site. You can read about the company here: http://www.oanda.com/site/oanda/com_inde... At the web site, they also offer forex trading educational material. In the links I ve added to this message, one is their page for forex trading, and the second is the company history and information. I m sure there are dozens, if not hundreds, of other reliable firms, and I think you can find a few that are reputable and financially solid, to make your selection. Well there is a couple out there...one in KL near Jalan Ampang goes by the name of Sigma Paltinum Sdn Bhd Check them out.... http://www.ectcap.com/
How much net profit do forex brokers like forex.com,ac market and other make per year? -
I don t believe any of them are publicly traded company s so that information is not public. this ECN Broker is making too much money with retail and institutional clients www.swissfxbroker.ch Plus they are the best brokers ever in the forex market. they dont trade against you, instead they encourage you to be a profitable Trader. no restricktion on how and when you make your trades, most brokers do, telling you trading rules , like no scalping But www.swissfxbroker.ch allows scalping in real time quick executions on trades To learn about forex systems in particular, there s a free guide you can look at here: http://www.fxsystemscompared.com - it tells you everything you need to know about forex systems. If you want to learn about forex in general, it would help if you looked at the free step-by-step guide at http://www.forexfromscratch.com - that shows you the 5 step process you need to take to start in Forex. Hope this helps?
How do you buy and trade stocks on the TSX or Forex without a broker? -
I want to start trading on the TSX or Forex to make some extra money I have $1500 and I d like to start but I m complete newb You need to learn a lot on how forex operates before you invest First you need to know how the industry operates, know which strategies r the best to use, practice on demo accounts find a good broker n then invest If you are a newbie. I recommend this site for highly informational guides, articles and ebooks for free http://forex-trading4you.blogspot.com/ Great idea. Get investing ideas from strangers whose qualifications and motives can never be known. Good luck with that. Keep this in mind. This is not gambling. It takes a lot of reading and hard work to be successful. Money Management is more important that picking quot;winnersquot;. Being realistic is rule number 1. Thinking that you can just quot;jump inquot; is not realistic. Take at least a year to learn amp; understand. Consider yourself warned.
Subscribe to:
Posts (Atom)