What is forex trading? how does it differ from normal stock market trading?
Are the risk and strategies different? Can forex be more profitable?

Answer
Hello Richard,

Well Forex trading, is the simultaneous buying of one currency and selling of another at current prices. For example, buying Gbp/Usd means buying the pound and at the same time selling the dollar, a very simple concept indeed. Currencies as the above are traded in pairs mainly on the interbank (banks) and retail (private traders) market.

Common terms used:

- FX trading
- spot forex

The four major currencies are the Eur/Usd, Gbp/Usd, Usd/Jpy and Usd/Chf. You can easily find your trade among one of those currencies day in day out.

Here are the main differences:

- Market Performance. More volatility in the Currency market making market very liquid
- Low Transaction costs
- Market Transparency
- Trending Market
- No uptick rule
- No bear Market (when one currency goes down the other one is appreciating in value)

Also the leverage in forex is much higher and you need a very small start up capital to get a feel of the currency market. Stock market many a times has a major effect on some currency pairs such as USD and JPY. Using the data of some major stock can to some extent predict the moves in the USD and YEN pairs.

The strategies are the same in many cases. However due to the high liquidity and volatility of the currency pair, you will get far more action in the forex market than the stock market.

I hope that helps if you need any more info you may have a look at the following website www.forex-trading-domain.com

Best of luck

What do i need to have before i could set up a company and sell forex trading alerts to customers?

Apart from having a good strategy and money for initial setup, what do i need to have before i could set up an online company in Singapore and sell forex trading alerts to customers?
Any licences? Qualifications?
Cheers!

Answer
Good Luck With that one , you will need to be able to compete with the Best of the Best as of right now forex ring leader is considered the top Forex Signal alert Company and has been around for about 3 years and has never lost a month yet! Then youâre going to have to be able to beat there minimum pip guarantee of 350 pips per month or the next month is free. Last time I check there where giving out free trials still.
Then youâre going to need to be able to send your alerts via e-mail and âsmsâ around the world and to any country in under 5 seconds. And youâre going to need a detailed trading report that is to verify or risk being called a scam. There are a lot of alert services that pop up every month but never last long due to the stiff completion from the big guys. Before you waste your time take a look at fxringleader track record for ideas on how good youâre going to need to be. And whatever you do when you build a new alert site NEVER post a fake trading history. Itâs easy to detect and you will be out of business fast.


This is the current trading report: http://www.fxringleader.com/PastAlerts/View_All_Reports/index.html