Can anybody tell me what is the forecast of light sweet crude oil in future?
Posted by Ryanita
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Saturday, November 16, 2013
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forex questions
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NADEEM AMI
this is a forex trading question.and my plan is to invest in stock market and trade in light sweet crude oil,anyone of you have a experience of future stock market please help me and inform me what is the resistance and spot of light sweet crude oil.it will get stronger or weeker.
Answer
Expensive.
Expensive.
What is the shorthand way of writing inflation?
sp786
i.e. in financial or forex questions.
Answer
The way I personally do it is by adding a + sign.. such as $200+ dollars..
The official way may be officially different.
Does this help any?
The way I personally do it is by adding a + sign.. such as $200+ dollars..
The official way may be officially different.
Does this help any?
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why does the fed target interest rate rather than money supply?
Posted by Ryanita
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forex interest rates
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xtie
i understand that one possible reason is that interest rate is easier to measure than money supply. however, i don't understand the reason in relation to the IS-LM model: Mankiw says, "If LM shocks are the more prevalent type, then a policy of targeting the interest rate leads to greater economic stability than a policy of targeting the money supply." I don't understand this sentence. Why? What does he mean by "If LM shocks are the more prevalent type?" how does targeting interest rate lead to greater economic stability in this case? thanks!
Answer
Ummmm, in essence the targeting of the Interest rate impacts the money supply by making the price of money cheaper (when it cuts).
The Federal Reserve no longer publishes the actual M1 and M2 figures. You have to infer the actual money supply by targeting the foreign exchange (like a Forex trader).
The people, in this case you and me, do not do business directly with the Fed anyway. We do business with the banking sector, unless you are a Federal Reserve employee. But in that case I don't think you are going to be posting on Yahoo Answers. As far as the model is concerned, I can only imagine Scrooge McDuck laughing and rolling while throwing money into the air in the vault.
Ummmm, in essence the targeting of the Interest rate impacts the money supply by making the price of money cheaper (when it cuts).
The Federal Reserve no longer publishes the actual M1 and M2 figures. You have to infer the actual money supply by targeting the foreign exchange (like a Forex trader).
The people, in this case you and me, do not do business directly with the Fed anyway. We do business with the banking sector, unless you are a Federal Reserve employee. But in that case I don't think you are going to be posting on Yahoo Answers. As far as the model is concerned, I can only imagine Scrooge McDuck laughing and rolling while throwing money into the air in the vault.
How are currency exchange rates calculated?
Chris B
The US Dollar is declining in value against the British Pound and the Euro, but the decline versus the Euro is greater.
If US interest rates are reset lower, I am told that the value of the Dollar versus the other currencies declines further.
These exchange rates are calculated to four decimal places, indicating significant precision.
If the Chinese Yuan is set higher than it currently is, what will that do to the Dollar versus the Pound and the Euro?
Answer
Exchange rates are not calculated the are determined by the currency exchange markets where traders by and sell currencies. see FOREX.
The theory predicts that that the demand for dollars is dependent on the interest investors can get on dollar denominated bonds, so a lower interest rate decreases the demand and would lower the "price" of the dollar, but the amount of the decrease is a rough estimate.
Exchange rates are not calculated the are determined by the currency exchange markets where traders by and sell currencies. see FOREX.
The theory predicts that that the demand for dollars is dependent on the interest investors can get on dollar denominated bonds, so a lower interest rate decreases the demand and would lower the "price" of the dollar, but the amount of the decrease is a rough estimate.
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How does ForEx leverage work?
Posted by Ryanita
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forex 0.01 lot
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Interested
Let's say I deposit $500 into an account. The broker gives me 200:1 leverage. What can I buy on a EURUSD exchange with that? Some brokers automatically set a 100,000 unit buy? I don't understand...
Answer
At 200:1 buying the EUR/USD (based on today's EUR/USD price), one standard lot (100,000) would require about $720 worth of available margin. Most brokers will allow an account to trade down to a lot size of 0.1 standard lots(one mini-lot) requiring about $72 worth of available margin. Finally, there are a few brokers who allow a minimum position size of 0.01 standard lots (one micro-lot) which would cost about $7.2 of available margin.
At 200:1 buying the EUR/USD (based on today's EUR/USD price), one standard lot (100,000) would require about $720 worth of available margin. Most brokers will allow an account to trade down to a lot size of 0.1 standard lots(one mini-lot) requiring about $72 worth of available margin. Finally, there are a few brokers who allow a minimum position size of 0.01 standard lots (one micro-lot) which would cost about $7.2 of available margin.
I would like to ask about easy-forex...?
David Juni
In trading currency online specially when using easy-forex, i heard that they charge spread.
I found out that spread is difference between buy price and selling price.
Assuming i buy Euro for $1.32, then i sell it for let's say $1.36.. in this case the online broker will charge me $0.04 in each trade, which means i will not get a profit??!
I think i missunderstood something, but i don't know where.. Please Help
Thanks
Answer
When trading forex, with easy-forex or any other broker, the broker will always quote you a price in this way: EUR/USD 1.3950/52. Meaning the broker will buy EUR/USD at 1.3950 and sell EUR/USD at 1.3952.
Notice the difference 1.3952 - 1.3950 = 0.0002, this in the world of forex is 2 pips. 1 pip = 0.0001. For some currencies it's different, USD/JPY is trading at say 82.30/82.32, here 82.32 - 82.30 = 0.02 this is 2 pips for this pair. All jpy pairs(EUR/JPY, GBP/JPY, AUD/JPY etc.) will be like that 0.01 = 1 pip
I'm hoping this makes sense. To give you another example, if you have ever traded stocks you'd know that a stock has a bid and an ask, the difference there is also a spread, but spread is not that commonly used in stocks.
Something worth noting, forex brokers have a different bid/ask, different brokers have different prices, it's the way the forex market is. There is no centralized exchange so everyone is free to offer you whatever price they want. So some brokers will have lower spread(which is good for you - the trader) some brokers will have a higher spread(naturally bad for the trader.
When choosing a broker always look for low spreads, some brokers offer spreads on EUR/USD as low as 0.5 pips, however they might charge a commission per trade. Some brokers will have a spread of under 2 pips without a commision, this is very competitive. In my opinion anything over 2.5 on the EUR/USD is too high, 3 and over is just too much.
So to get back to your example say you buy EUR at 1.32 and sell at 1.36, you only used 2 decimal places, you're more likely to buy at say 1.3240 and sell at 1.3610. So let's take a standard lot($100,000). Meaning you buy and sell $100 000 worth of currency, your broker will give you leverage so you probably will need to have less than 1k in your account. WIth 1 standard lot, a pip is equal to $10, so every time the EUR/USD moves by 1 pip you make or lose $ 10.
Let's calculate how much profit you'd have 1.3610 - 1.3240 = 370 pips, which is $3.7k.
The spread is not a factor here, you bought at 1.3240, at the time you bought the sell price must've been 1.3238, which is a spread of 2 pips. So whenever you open a trade right away you will see a negative balance in your account.
Last point I'd like to make. Even though forex brokers don't charge commissions your transaction cost is pretty high, the spread really adds up if you trade a lot. This 2 pip spread for 1 lot($100,000) is a profit of $20 for the broker. If you trade 20 lots per month, you're already paying $400 in transaction costs, but since it's just spread you don't see it compared to if it were a commission. So that's why most fx brokers will only charge you spread, rather than give you a lower spread and charge a commission.
When trading forex, with easy-forex or any other broker, the broker will always quote you a price in this way: EUR/USD 1.3950/52. Meaning the broker will buy EUR/USD at 1.3950 and sell EUR/USD at 1.3952.
Notice the difference 1.3952 - 1.3950 = 0.0002, this in the world of forex is 2 pips. 1 pip = 0.0001. For some currencies it's different, USD/JPY is trading at say 82.30/82.32, here 82.32 - 82.30 = 0.02 this is 2 pips for this pair. All jpy pairs(EUR/JPY, GBP/JPY, AUD/JPY etc.) will be like that 0.01 = 1 pip
I'm hoping this makes sense. To give you another example, if you have ever traded stocks you'd know that a stock has a bid and an ask, the difference there is also a spread, but spread is not that commonly used in stocks.
Something worth noting, forex brokers have a different bid/ask, different brokers have different prices, it's the way the forex market is. There is no centralized exchange so everyone is free to offer you whatever price they want. So some brokers will have lower spread(which is good for you - the trader) some brokers will have a higher spread(naturally bad for the trader.
When choosing a broker always look for low spreads, some brokers offer spreads on EUR/USD as low as 0.5 pips, however they might charge a commission per trade. Some brokers will have a spread of under 2 pips without a commision, this is very competitive. In my opinion anything over 2.5 on the EUR/USD is too high, 3 and over is just too much.
So to get back to your example say you buy EUR at 1.32 and sell at 1.36, you only used 2 decimal places, you're more likely to buy at say 1.3240 and sell at 1.3610. So let's take a standard lot($100,000). Meaning you buy and sell $100 000 worth of currency, your broker will give you leverage so you probably will need to have less than 1k in your account. WIth 1 standard lot, a pip is equal to $10, so every time the EUR/USD moves by 1 pip you make or lose $ 10.
Let's calculate how much profit you'd have 1.3610 - 1.3240 = 370 pips, which is $3.7k.
The spread is not a factor here, you bought at 1.3240, at the time you bought the sell price must've been 1.3238, which is a spread of 2 pips. So whenever you open a trade right away you will see a negative balance in your account.
Last point I'd like to make. Even though forex brokers don't charge commissions your transaction cost is pretty high, the spread really adds up if you trade a lot. This 2 pip spread for 1 lot($100,000) is a profit of $20 for the broker. If you trade 20 lots per month, you're already paying $400 in transaction costs, but since it's just spread you don't see it compared to if it were a commission. So that's why most fx brokers will only charge you spread, rather than give you a lower spread and charge a commission.
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What is the Best Forex Broker Offer Automated Forex Trading System?
Posted by Ryanita
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forex margin
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Dale
Hi everyone!
I am new to forex and have only just found out about all these automated forex robots and such that are supposed to really take a lot of the risk out of forex trading. I need an real working automated forex robots, automated forex system that really works. Can anyone suggest a good one?
Thank you!
Answer
You can get the Leading Automated Forex Trading System Here for Free:
http://www.ava-fx.com/
Avafx has a forex autotrading service called Avafx Auto Trader, a platform that allows its forex brokerage clients to choose from various trading signals providers and have those signals traded automatically in their live trading account. With a free 30-day demo, decent web-based platform and comprehensive signals performance, the Avafx Auto Trader is a very good broker-based service to look at when comparing autotrading providers. This service does come highly recommended for traders looking to add autotrading to their forex portfolio.
Firstly, the Avafx Auto Trader platform is fairly easy to navigate and start up its 30-day demo. The demo allots an account of $100,000 to trade with. Avafx allows trading on 23 different currency pairs. The performance page is very comprehensive to compare and choose from the hundreds of expert trading signal providers: you can filter the trade signal providers by profit($), max draw down, profit factor, date started, average pip profit, winning percentage, and currency pair. You can also set your maximum number of trades that you wish to be open for your trading account, your lot sizes per signal provider, or maximum stop losses per trade provider. Right away you can pick up to 10 different signal providers, choose pairs and lot sizes, and have the platform take over from there, automatically trading your account with your selected trading signals. Your computer does not need to be on for the signals to be traded in your account, as this service uses a remote server.
Now, to go live with a live autotraded account there are a few rules. Your trading account minimum investment is $1000. Also, Avafx charges you 1 pip commission on each round trip trade on top of their normal spread to use their autotrade system. Seem unfair? Not really. Comparing ZuluTrade to Avafx Auto Trader, Avafx actually comes out on top. Yes, ZuluTrade does not charge a commission, however comparing the best signal providers, Avafx appears to have the best performing signals. Avafxâs performance comparison is actually much more user-friendly than ZuluTradeâs performance page: you can quickly compare important trading system factors like risk adjustment rate (RAR) and profit factor which cannot even be determined on ZuluTrade. Both do provide maximum drawdown for each signal provider, which is one of the most important. But when looking at the RAR, total pips accumulated divided by max draw down, the Avafx providers have a much better RAR than the ZuluTrade signals providers. Is that worth the 1 pip commission per trade? Absolutely. Now, if your trading account is $50,000 or more, you are then a VIP level account which means you will not be charged the 1 pip commission and you will get a better deal on the spreads as well. Another thing to note: Avafx is an approved broker for ZuluTrade. So, if you try out Avafx Auto Trader signals and are not impressed, then it will be very easy to set up a ZuluTrade account using Avafx as your broker.
On the negative side, the Help section and Support Center are not very helpful regarding the Auto Trader. However, the Live chat help was very responsive and they answered most of my questions quickly. There was one question that remains with Auto Trader: there is a very large disclaimer at the bottom of the trading platform about âHypothetical trading results and performance dataâ. It is unclear if Avafx Auto Trader signals providers are using live trading accounts or DEMO accounts for their trading performance data. I would think that DEMO trading is likely to be less accurate than live trading performance data. Avafx support did not answer this question directly. Also the Avafx Auto Trader does not have the Margin-call-ometer that ZuluTrade does, which is a very nice feature that explains and guards against account margin calls. However, Avafxâs platform does have some decent features to help clients remain positive and not margin call their accounts.
In writing this review, only a demo account was used to try out the system and platform. Avafx insists that the platform and service are identical whether trading demo or live with them.
Overall the Avafx Auto Trader receives 4 stars and comes highly recommended.
You can get the Leading Automated Forex Trading System Here for Free:
http://www.ava-fx.com/
Avafx has a forex autotrading service called Avafx Auto Trader, a platform that allows its forex brokerage clients to choose from various trading signals providers and have those signals traded automatically in their live trading account. With a free 30-day demo, decent web-based platform and comprehensive signals performance, the Avafx Auto Trader is a very good broker-based service to look at when comparing autotrading providers. This service does come highly recommended for traders looking to add autotrading to their forex portfolio.
Firstly, the Avafx Auto Trader platform is fairly easy to navigate and start up its 30-day demo. The demo allots an account of $100,000 to trade with. Avafx allows trading on 23 different currency pairs. The performance page is very comprehensive to compare and choose from the hundreds of expert trading signal providers: you can filter the trade signal providers by profit($), max draw down, profit factor, date started, average pip profit, winning percentage, and currency pair. You can also set your maximum number of trades that you wish to be open for your trading account, your lot sizes per signal provider, or maximum stop losses per trade provider. Right away you can pick up to 10 different signal providers, choose pairs and lot sizes, and have the platform take over from there, automatically trading your account with your selected trading signals. Your computer does not need to be on for the signals to be traded in your account, as this service uses a remote server.
Now, to go live with a live autotraded account there are a few rules. Your trading account minimum investment is $1000. Also, Avafx charges you 1 pip commission on each round trip trade on top of their normal spread to use their autotrade system. Seem unfair? Not really. Comparing ZuluTrade to Avafx Auto Trader, Avafx actually comes out on top. Yes, ZuluTrade does not charge a commission, however comparing the best signal providers, Avafx appears to have the best performing signals. Avafxâs performance comparison is actually much more user-friendly than ZuluTradeâs performance page: you can quickly compare important trading system factors like risk adjustment rate (RAR) and profit factor which cannot even be determined on ZuluTrade. Both do provide maximum drawdown for each signal provider, which is one of the most important. But when looking at the RAR, total pips accumulated divided by max draw down, the Avafx providers have a much better RAR than the ZuluTrade signals providers. Is that worth the 1 pip commission per trade? Absolutely. Now, if your trading account is $50,000 or more, you are then a VIP level account which means you will not be charged the 1 pip commission and you will get a better deal on the spreads as well. Another thing to note: Avafx is an approved broker for ZuluTrade. So, if you try out Avafx Auto Trader signals and are not impressed, then it will be very easy to set up a ZuluTrade account using Avafx as your broker.
On the negative side, the Help section and Support Center are not very helpful regarding the Auto Trader. However, the Live chat help was very responsive and they answered most of my questions quickly. There was one question that remains with Auto Trader: there is a very large disclaimer at the bottom of the trading platform about âHypothetical trading results and performance dataâ. It is unclear if Avafx Auto Trader signals providers are using live trading accounts or DEMO accounts for their trading performance data. I would think that DEMO trading is likely to be less accurate than live trading performance data. Avafx support did not answer this question directly. Also the Avafx Auto Trader does not have the Margin-call-ometer that ZuluTrade does, which is a very nice feature that explains and guards against account margin calls. However, Avafxâs platform does have some decent features to help clients remain positive and not margin call their accounts.
In writing this review, only a demo account was used to try out the system and platform. Avafx insists that the platform and service are identical whether trading demo or live with them.
Overall the Avafx Auto Trader receives 4 stars and comes highly recommended.
What are some of the differences between trading stocks vs. futures vs. forex?
vagabond79
I trade only stocks right now but I've heard people swear by trading futures or forex. I've never tried either. Is one more volatile and therefore easier to make more money?
Answer
The main difference between trading stocks and futures is the leverage involved.
In a stock margin account, you can trade at 2:1 or 4:1 leverage. In a futures account, you can trade the E-mini or Dow mini futures with 20:1 or 40:1 leverage. This causes your profits and losses and account value to be extermely volatile, and very dangerous if you trade at maximum leverage. In a futures account, you can lose more than you have invested.
Forex is just another form of futures account, except here, the maximum leverage is 200:1. Wo, how much trouble can we get into now? You have to be aware of the economic reports for the currencies traded and the US reports, like GDP, retail sales, and particularly interest rate adjustments and differentials. Unless you are willing to trade gap trades, the opportunity is very little here compared to the huge move from the report. These trades can be very plodding, in between reports. Or some big news announcement will break, or someone declares war, or sets off a bomb, and blows you completely out of the trade. Trading the forex is not for the beginner or faint of heart. Find a good simulator and practice, practice.
The main difference between trading stocks and futures is the leverage involved.
In a stock margin account, you can trade at 2:1 or 4:1 leverage. In a futures account, you can trade the E-mini or Dow mini futures with 20:1 or 40:1 leverage. This causes your profits and losses and account value to be extermely volatile, and very dangerous if you trade at maximum leverage. In a futures account, you can lose more than you have invested.
Forex is just another form of futures account, except here, the maximum leverage is 200:1. Wo, how much trouble can we get into now? You have to be aware of the economic reports for the currencies traded and the US reports, like GDP, retail sales, and particularly interest rate adjustments and differentials. Unless you are willing to trade gap trades, the opportunity is very little here compared to the huge move from the report. These trades can be very plodding, in between reports. Or some big news announcement will break, or someone declares war, or sets off a bomb, and blows you completely out of the trade. Trading the forex is not for the beginner or faint of heart. Find a good simulator and practice, practice.
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How do people lose money in Forex trading ? ( 10 points for best and serious answer )?
Posted by Ryanita
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forex 95 lose
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fluke
I want to know about Forex trading (just for my knowledge )
I do not understand how 95 % people lose money ?
is there any given time that you can hold the currency ? or can you hold it for a long time(like 1 year ) (like stocks ) and sell it ?
if some one starts with $10 ,what is the maximum that he can earn from ONE DAY (assume that he is the best forex trader in the world) :P ?
Answer
95% of Forex traders lose because they are amateurs with more hopes than skills. They play against seasoned professionals who have been doing this for a living over many years, equipped with the latest in news feeds, computers and algorithms.
What makes you think amateurs have much chance of winning against them? there will be one or two here & there, but the vast majority will lose most or everything they invest.
The $10 you mention is a rounding error in the trades of the professionals. You will need several thousand dollars to even start.
Best to go and borrow some books on Forex from your library, and read them. You will be far more informed, and in a better position to succeed.
95% of Forex traders lose because they are amateurs with more hopes than skills. They play against seasoned professionals who have been doing this for a living over many years, equipped with the latest in news feeds, computers and algorithms.
What makes you think amateurs have much chance of winning against them? there will be one or two here & there, but the vast majority will lose most or everything they invest.
The $10 you mention is a rounding error in the trades of the professionals. You will need several thousand dollars to even start.
Best to go and borrow some books on Forex from your library, and read them. You will be far more informed, and in a better position to succeed.
How do I choose a forex trading system?
Newbie
I am new to the forex market and am looking for a good trading system that actually works. Can someone point me in the right direction please?
Answer
Forex market or Foreign Currency Exchange market is one of the biggest trading market in the world with over USD 1.3 Trillion traded in a day. It is drawing attention ever since it is open to Online trading. Forex trading can be very profitable if you take your time to do a proper research, understanding various options and choose a system that works for you. The most used Forex trading system may not be the most suitable for your needs.
There are many different kinds of Forex Trading Systems and you need to know a few facts as mentioned below, before choosing and funding a system.
1. Testimonials: Is there anyone out there who is trying to sell a system and show you testimonials from the people who actually didn't like the system? Highly unlikely. You should do proper research before indulging into a system that is completely new to you.
2. Impression: Do not be over impressed from high percentage of winning forex trades because a 90-95% winning trades with with average value $10 gets you $900. If you have 10% losing trade and unfortunately average losing trade is $200, then your account is reduced by $2000. This is an explanation that people often tend to ignore while doing Forex Trading or any trading in general.
3. Profit: Do you want to work with a Forex Trading system that breaks even? Why? If you keep the money in your home, you will still break even, then why take all the hassles of setting up an Forex Trading account and do all the work. Really speaking, you should always do some research on how profitable a particular trading system is?
4. Drawdown: The maximum drawdown of trading system is defined as the greatest peak-to-valley drawdown in a trading systemâs equity. Maximum drawdown gives us a measure of the survivability of the trading system.
5. Time to profit: The actual time it takes to achieve the results with a particular trading system. You should plan to have a long and profitable relationship with your trading system.
Try to use a trading system that let you open a Demo account so that you can practice and learn about Forex Trading without risking any money.
I have tried many of these systems in my quest to simplify my trading experience. I personally have found FreedomRocks to be the system that has worked for me. I have found no bad information on this system from anybody that has actually used it. I have found many skeptics and bashers but nothing from those that have actually tried at least the free trial they offer.
Below are a couple of links that may that I have found in my travels around the web:
http://www.yourforexinvestor.com
http://www.babypips.com
To your success,
Brandon Wells
bjwells@yourforexinvestor.com
877-773-5345
Forex market or Foreign Currency Exchange market is one of the biggest trading market in the world with over USD 1.3 Trillion traded in a day. It is drawing attention ever since it is open to Online trading. Forex trading can be very profitable if you take your time to do a proper research, understanding various options and choose a system that works for you. The most used Forex trading system may not be the most suitable for your needs.
There are many different kinds of Forex Trading Systems and you need to know a few facts as mentioned below, before choosing and funding a system.
1. Testimonials: Is there anyone out there who is trying to sell a system and show you testimonials from the people who actually didn't like the system? Highly unlikely. You should do proper research before indulging into a system that is completely new to you.
2. Impression: Do not be over impressed from high percentage of winning forex trades because a 90-95% winning trades with with average value $10 gets you $900. If you have 10% losing trade and unfortunately average losing trade is $200, then your account is reduced by $2000. This is an explanation that people often tend to ignore while doing Forex Trading or any trading in general.
3. Profit: Do you want to work with a Forex Trading system that breaks even? Why? If you keep the money in your home, you will still break even, then why take all the hassles of setting up an Forex Trading account and do all the work. Really speaking, you should always do some research on how profitable a particular trading system is?
4. Drawdown: The maximum drawdown of trading system is defined as the greatest peak-to-valley drawdown in a trading systemâs equity. Maximum drawdown gives us a measure of the survivability of the trading system.
5. Time to profit: The actual time it takes to achieve the results with a particular trading system. You should plan to have a long and profitable relationship with your trading system.
Try to use a trading system that let you open a Demo account so that you can practice and learn about Forex Trading without risking any money.
I have tried many of these systems in my quest to simplify my trading experience. I personally have found FreedomRocks to be the system that has worked for me. I have found no bad information on this system from anybody that has actually used it. I have found many skeptics and bashers but nothing from those that have actually tried at least the free trial they offer.
Below are a couple of links that may that I have found in my travels around the web:
http://www.yourforexinvestor.com
http://www.babypips.com
To your success,
Brandon Wells
bjwells@yourforexinvestor.com
877-773-5345
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Online course to learn how to trade forex?
Posted by Ryanita
on , under
forex 90 accuracy
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comments (0)
faire_semb
I have been trading forex for over ten years and have a background in economics and international business.
I am now creating an online course to teach people how to trade forex. The course is design for people that are completely new to this market. It covers everything: market history, basics, and advance. I will cover advance trading and economic concepts that drive this market. The course will be design to be completed in eight weeks, one section per week, to avoid information overload. Also, it has five quizzes and two final exams just to make sure that the person taking this course understands the content to the fullest. I will offer 60 day money back no questions asked. I am not soliciting here, but it would be nice if people could help put a price on the course.
Answer
Pricing is a secondary problem.
How are you going to distinguish yourself from the hundreds of forex scam sites? Worthless money back guarantees. Ridiculous promises of 90% accuracy. The market is so riddled with fraudulent advice that I think it will be very difficult for a legit service to succeed.
First try teaching at an adult education center or community college. It's a great way to get feedback and refine the course. You get some references and credibility. Learning what your time and expertise is worth in one setting can guide you regarding online pricing.
Pricing is a secondary problem.
How are you going to distinguish yourself from the hundreds of forex scam sites? Worthless money back guarantees. Ridiculous promises of 90% accuracy. The market is so riddled with fraudulent advice that I think it will be very difficult for a legit service to succeed.
First try teaching at an adult education center or community college. It's a great way to get feedback and refine the course. You get some references and credibility. Learning what your time and expertise is worth in one setting can guide you regarding online pricing.
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Is it possible to make a living from trading currencies FOREX?
Posted by Ryanita
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forex mentor
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I meet a guy at a party who said that's what he did for a living.
Is it really possible for an individual to trade currencies. How can you compete with the institutions? What software would you use. What type of software do the institutions use?
This sounds really made up. Where can I learn more about trading Currencies?
Answer
There are millions of people around the world that make a living from trading the Forex. All you need to do is to get trained on how to do it. When you do, all your questions that you asked will have clear answers.
You should try www.londonstonetrading-fxsuccess.com. They train people worldwide and set them up with software, instant chat room, mentors etc. Also, if you decide it's not for you, they offer all your money back. Pretty good. Good luck.
There are millions of people around the world that make a living from trading the Forex. All you need to do is to get trained on how to do it. When you do, all your questions that you asked will have clear answers.
You should try www.londonstonetrading-fxsuccess.com. They train people worldwide and set them up with software, instant chat room, mentors etc. Also, if you decide it's not for you, they offer all your money back. Pretty good. Good luck.
Hi, I am wondering has anybody earned trading on forex?
Questioner
I know that it is quite easy to earn money on Forex. And I do it on demo version, although has anybody earned with that?
Answer
It is not easy to earn money in forex. Thats a wrong thought.
All investment vehicles has risk. Forex has it too.
Those who earn money in forex has a Proper trading system.
Understanding PRICE ACTION in forex is the key.
Until you are profitable in your demo account, then you move on to trading real money.
from my 14 years of forex trading experience.
Asia Forex Mentor,
Ezekiel Chew
http://www.asiaforexmentor.com/
It is not easy to earn money in forex. Thats a wrong thought.
All investment vehicles has risk. Forex has it too.
Those who earn money in forex has a Proper trading system.
Understanding PRICE ACTION in forex is the key.
Until you are profitable in your demo account, then you move on to trading real money.
from my 14 years of forex trading experience.
Asia Forex Mentor,
Ezekiel Chew
http://www.asiaforexmentor.com/
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What are the best Forex brokers for trade the news ?
Posted by Ryanita
on
Friday, November 15, 2013
, under
forex brokers
|
comments (0)
Franz
I've opened an account on GFT, but when trading the news there is a huge slippage between the stop buy price I wanted & the execution price. GFT has a dealing desk.
So, what are the best forex brokers for trading the news ?
Thank you !
Answer
For accurate and reliable market tips and daily updates Finexo is the best. Many of my friends suggested me this when i was a newbie in Forex trading. Since then my dealer is providing me with the most accurate tips, market updates and charts so that i can make optimum use of these. It has fetched me 99% of returns on my investment.
Many other qualities like user friendly platform, easy forex glossary, well managed accounts, charts and economic calender have made Finexo unique.
For accurate and reliable market tips and daily updates Finexo is the best. Many of my friends suggested me this when i was a newbie in Forex trading. Since then my dealer is providing me with the most accurate tips, market updates and charts so that i can make optimum use of these. It has fetched me 99% of returns on my investment.
Many other qualities like user friendly platform, easy forex glossary, well managed accounts, charts and economic calender have made Finexo unique.
Why do forex brokers give away money when opening an account?
aerofreak
Hi Guys,
I just opened a micro account with an online forex broker, and they give away 100% of your initial deposit when opening a micro account. I just found this suspicious and wanted to know if this is normal, and why brokers would do this?
Thanks in advance!
Would this mean that i have to pay back these US$300, or are they "mine" and i pay them back through the spreads by trading?
Answer
Because they know they're going to get it back. Same reason why casinos give away free hotel rooms, flights, etc.
When I say get it back, I don't necessarily mean you're going to lose all your money. Forex is high frequency trading, and even if you're successful in your trading they'll make their money back on the spreads.
Because they know they're going to get it back. Same reason why casinos give away free hotel rooms, flights, etc.
When I say get it back, I don't necessarily mean you're going to lose all your money. Forex is high frequency trading, and even if you're successful in your trading they'll make their money back on the spreads.
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how can i trade via Forex trading in UK ?
Posted by Ryanita
on , under
forex trading uk
|
comments (0)
Raheel
Can any one tell how can i trade via Forex trading in UK ? Because i read about it many times during surfing the web.
Answer
You can simply download software, install them on your computer and you can start trading with Forex.
You can open an account at Plus500 (which is UK trading machine authorized and regulated by the Financial Services Authority) and get 25EUR Forex bonus with no deposit to test their trading platform without any risk.
You can simply download software, install them on your computer and you can start trading with Forex.
You can open an account at Plus500 (which is UK trading machine authorized and regulated by the Financial Services Authority) and get 25EUR Forex bonus with no deposit to test their trading platform without any risk.
What is a good website to learn the basics of Forex trading?
j boy
I just attended a seminar on Forex trading the other day. I've downloaded a demo version of AVA FX and Im battling to get the most out of it. Is there a more simpler version out there from another company that will also run on my Mac because AVA FX only runs on windows.
Answer
Try with this Forex trading simulator
http://www.bullbearings.co.uk/fx.trading.guide.php
It's online and you can register for free, they give you a credit of £100,000 to place your trades. This site also has tutorials and advice. I started using it for stock trading but now I am hooked up with forex
Try with this Forex trading simulator
http://www.bullbearings.co.uk/fx.trading.guide.php
It's online and you can register for free, they give you a credit of £100,000 to place your trades. This site also has tutorials and advice. I started using it for stock trading but now I am hooked up with forex
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How to Work and Earn with Forex?
Posted by Ryanita
on
Thursday, November 14, 2013
, under
forex 21
|
comments (0)
jaymin_dav
I am looking to earn something with ForEx? Can any of the Best guy among us help me?
Answer
AFTER 21 YEARS:
WE FINALLY SETTLED THE SCORE
âForex Megadroid⢠Indisputably Proves A
Robot Can Trade With 95.82% Accuracy In
EVERY SINGLE Market Condition And At Least
Quadruple Every Single Dollar YOU Depositâ
AFTER 21 YEARS:
WE FINALLY SETTLED THE SCORE
âForex Megadroid⢠Indisputably Proves A
Robot Can Trade With 95.82% Accuracy In
EVERY SINGLE Market Condition And At Least
Quadruple Every Single Dollar YOU Depositâ
Is it better to have NTF and a higher expense ratio or have fees but low expense ratio?
J
For example, I am debating on buying VISVX vs HRVIX.
Here are the basic stats:
VISVX: $75 online fee, .22% expense, and 3000 min to invest
HRVIX: No Transaction Fee, 1.21% expense, and 2500 min to invest
So, which is better based on these stats?
Answer
only 2k minimum to join, nothing to lose, test the water before some serious money.
The reliable and safe investment is myfxfunds Managed Forex Acccount if you would like to make 2% - 15% per month.
search for myfxfunds in yahoo search engine for more information.You can consider
only 2k minimum to join, nothing to lose, test the water before some serious money.
The reliable and safe investment is myfxfunds Managed Forex Acccount if you would like to make 2% - 15% per month.
search for myfxfunds in yahoo search engine for more information.You can consider
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Where Get Forex Tracer EA Real Reviews ?
Posted by Ryanita
on , under
forex ea reviews
|
comments (0)
mona S
I wnat to read real forex tracer review and know its real features and if it's good or bad expert advisor as i try to find best forex trading expert advisor.
Answer
Many forex "review" sites are affiliate marketers just looking to earn a quick buck from affiliate sales and you have to watch out from them (hem, hem, above answers)
If you would like to read a full detailed review of Forex Tracer, feel free to read this review taken from a work at home entrepreneur's blog
http://www.projectpaydaymentor.com/2008/03/forextracercom-review.html
Many forex "review" sites are affiliate marketers just looking to earn a quick buck from affiliate sales and you have to watch out from them (hem, hem, above answers)
If you would like to read a full detailed review of Forex Tracer, feel free to read this review taken from a work at home entrepreneur's blog
http://www.projectpaydaymentor.com/2008/03/forextracercom-review.html
what is the most reliable FOREX trader that I can deal with and ?
samir z
Need a FOREX broker that will allow Expert advisers, and will not manipulate the data against me, or prevent me from posting auto trades
Answer
You're probably best using MetaTrader4 with Easy-Forex. That's what all the EA's are coded to work with anyways.
If you want a review of Easy-Forex, you can check out the customer review at http://www.forexfromscratch.com/easy_forex_review.html
You do need to be VERY vigilent when entering the Forex market... because you just don't know what you're going to come up against. Most of it still is unregulated.
If you're looking to get started in Forex, there's a free beginners guide you can download at http://www.forexfromscratch.com - it shows you the 5 steps you need to take to start profiting from forex.
It's a good read and it's highly recommended.
You're probably best using MetaTrader4 with Easy-Forex. That's what all the EA's are coded to work with anyways.
If you want a review of Easy-Forex, you can check out the customer review at http://www.forexfromscratch.com/easy_forex_review.html
You do need to be VERY vigilent when entering the Forex market... because you just don't know what you're going to come up against. Most of it still is unregulated.
If you're looking to get started in Forex, there's a free beginners guide you can download at http://www.forexfromscratch.com - it shows you the 5 steps you need to take to start profiting from forex.
It's a good read and it's highly recommended.
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looking for forex trader advice?
Posted by Ryanita
on
Wednesday, November 13, 2013
, under
forex kenya
|
comments (0)
un4mena
hello, I want to open an account with an online forex broker and I need to ask if anyone has traded or is trading with invest2forex.com. I also consider oanda, saxobank, alpari, gftforex and mgforex but I am somewhat concerned as i have been reading the past two days that there are a lot of scammers out there.Many customers have had slippage or other problems with even the most reliable and well known brokers. Any personal experience is highly valued.
thank you
Answer
How do you spot a scam?
- A scam will want to get as much money as they can from you, with the least amount of contact from you.
How do you then avoid scams in the foreign exchange market?
You find a broker that allows you to risk as little capital as possible. You look for a broker that has been around for a long time, with the least amount of complaints. You won't find a broker that has a perfect record. Find one which others are using and will highly recommend.
Slippage is common. You will experience this even in the stock market. Slippage is more an issue with daytrading where you execute trades in very short time periods, in and out every few seconds or so, where the smallest increment will cost you a lot of money. To solve the problem of slippage, you zoom out. You trade a bigger time frame.
Brokers today brag about their dealing desk. Find one where there is less dealer intervention; where your orders will get filled automatically, no matter what the size, and what time you enter your trade. You may not get the price you want at certain times, like economic data release. That happens, and it is part of doing business. If you do not want that, then do not trade such times.
To succeed as a trader is within your control. I know forex traders who can make 8% monthly in third world countries, such as Kenya, Manila and other asian countries. These traders understand, accept and work with what they have, then build on it. They make it work for them.
I have tried several online brokers. I am now trading with OANDA. I started trading with them with only $10. If they were a bum company, then I would have lost only $10. Now all of the funds under my management are with oanda. Most of the new clients I get have no qualms when I tell them I trade with oanda and that their managed accounts will be with that firm.
Their customer service is good. You can contact them via live chat or email. They will respond to and resolve any issues you have within reasonable time.
With regards to secure funds, theirs is as good as the top brokers out there.
You won't find oanda being advertised, other than through their own website. You will hear a number of traders using this firm. Some will rant, others rave about this firm. There are no perfect trading firms out there--find one that has lesser evil.
Other firms will want a higher minimum account balance. I do not have experience with the new brokers out there. I am wary of those because there is a capital requirement with the govt regulating entities. If for some reason they are not able to meet those requirements, they will get shut down. Then what will happen to yours and your client's money? This is why you will find the new brokers offering sweet deals to get you to open a new account. Other times their sales people will hound you with phone calls or emails every day to get you to open an account.
Hope this helps.
- Jim http://jsforex.blogspot.com
How do you spot a scam?
- A scam will want to get as much money as they can from you, with the least amount of contact from you.
How do you then avoid scams in the foreign exchange market?
You find a broker that allows you to risk as little capital as possible. You look for a broker that has been around for a long time, with the least amount of complaints. You won't find a broker that has a perfect record. Find one which others are using and will highly recommend.
Slippage is common. You will experience this even in the stock market. Slippage is more an issue with daytrading where you execute trades in very short time periods, in and out every few seconds or so, where the smallest increment will cost you a lot of money. To solve the problem of slippage, you zoom out. You trade a bigger time frame.
Brokers today brag about their dealing desk. Find one where there is less dealer intervention; where your orders will get filled automatically, no matter what the size, and what time you enter your trade. You may not get the price you want at certain times, like economic data release. That happens, and it is part of doing business. If you do not want that, then do not trade such times.
To succeed as a trader is within your control. I know forex traders who can make 8% monthly in third world countries, such as Kenya, Manila and other asian countries. These traders understand, accept and work with what they have, then build on it. They make it work for them.
I have tried several online brokers. I am now trading with OANDA. I started trading with them with only $10. If they were a bum company, then I would have lost only $10. Now all of the funds under my management are with oanda. Most of the new clients I get have no qualms when I tell them I trade with oanda and that their managed accounts will be with that firm.
Their customer service is good. You can contact them via live chat or email. They will respond to and resolve any issues you have within reasonable time.
With regards to secure funds, theirs is as good as the top brokers out there.
You won't find oanda being advertised, other than through their own website. You will hear a number of traders using this firm. Some will rant, others rave about this firm. There are no perfect trading firms out there--find one that has lesser evil.
Other firms will want a higher minimum account balance. I do not have experience with the new brokers out there. I am wary of those because there is a capital requirement with the govt regulating entities. If for some reason they are not able to meet those requirements, they will get shut down. Then what will happen to yours and your client's money? This is why you will find the new brokers offering sweet deals to get you to open a new account. Other times their sales people will hound you with phone calls or emails every day to get you to open an account.
Hope this helps.
- Jim http://jsforex.blogspot.com
Hi, I am thinking of starting a tourist homestay venture in kenya.I seek an investor ?
thierry
Kenya being on of the best tourism destinations in Africa and the world,the industry offers alot of opportunities for investment.
The sector is affected by very high costs of accommodation in the big hotels.Being a Hospitality and tourism graduate i have noticed a great opportunity in leasing homes close to the beach and also creating a form of tourism where the tourists will stay with the villagers to learn an understand thier culture and way of life.
Kenya is one of the most unique destination in terms of culture in the world with over 42 tribes.All these have different cultures and practices.This is an attraction to the tourists visiting Kenya.With the knowledge gained in my college education i have some skills in running the business.
I seek an investor to help me realize this opportunity.A business angle who will invest in the business venture.Thank you.
Answer
Study at home and improve your self and wealth, on line passport to prosperity
in forex, real estate, insurance, how to create wealth and an all new course
to teach your child all aspects of money.
Study at home and improve your self and wealth, on line passport to prosperity
in forex, real estate, insurance, how to create wealth and an all new course
to teach your child all aspects of money.
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How do I choose a forex robot?
Posted by Ryanita
on , under
forex megadroid
|
comments (0)
Leigh M
I am looking at purchasing a robot but want to know how to sort the rubbish out from the good. I am currently looking at forex megadroid, Poison robot, Pips Leader. Any suggestions, has anyone tried these robots with success.
Answer
Trust me, no robots and beat the market on the long run.
Trust me, no robots and beat the market on the long run.
How to get a free trial of Megadroid Forex for my practise account on Forex Trader?
Alex
I recently got a practise account for Forex Trader and i would like to try out Megadroid Forex to see if it would be worth getting with a actual account on Forex
can you give me a web link where i can get a free trial of Megadroid Forex for my practise account?
Answer
hi,
here u can find best a list of forex trading platforms to practice or for real trading which most traders use
------------------------------------
http://forexplatformslist.com
------------------------------------
good luck
hi,
here u can find best a list of forex trading platforms to practice or for real trading which most traders use
------------------------------------
http://forexplatformslist.com
------------------------------------
good luck
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Is it possible to obtain wealth from trading options?
Posted by Ryanita
on , under
forex trading charts
|
comments (0)
daughterzi
Such as call and put options. Also does anyone know about forex trading? What tax benefits or pitfalls might one incur trading options?
Answer
Theoretically yes.
However MOST people accumulate wealth by investing. Trading options or forex is speculating, not investing. In other words, it is gambling. You can be well skilled and educated and still lose your behind very,very quickly.
Such trading is at the top of the risk charts, so yes, potential returns can be impressive but they come with a very sharp potential for a complete loss.
When you invest in stocks, bonds or mutual funds, you still have a risk of loss, but the odds of a total loss are slim, and you usually have time to get out before suffering a huge loss (unless you are also speculating with high volatility stocks).
Investing is not speculating. Investing combines an educated guess (no one really can guarantee a profit) with a moderation of risk. A lot of research shows that most investors do not do better by taking on higher than average risks. In other words, slower and steady wins the race.
As to tax issues. There are no benefits to short-term trading of any security. In fact all profits are taxed at your highest marginal rate. This is one more reason why trading rarely results in huge profits. By the time you subtract ticket charges and taxes you have to have a really big profit for you to end up with a better after tax return.
There are conservative strategies for options when combined with stocks you own. These strategies can add income to your portfolio without being significantly speculative.
People build genuine wealth by staying out of debt, by spending less than they earn, and by investing the difference wisely. If you start this as young as possible and routinely increase the amount you are saving and investing, you will build significant wealth.
However, just as with playing in Vegas, speculating is gambling and while a few walk away long term winners, it is ONLY a few that do win. In the short term, anyone can have a measure of luck, but in the long run, it is pretty rare.
The traders that survive on options and forex are big boys, with big wells of cash and years of training (and losing) behind them. They survive as much off the thrill as the wins.
But understand this, any wealthy trader is never playing with his full pot. He still has most of his assets in more secure investments. In fact, studies have shown that those that take the biggest risks with some of their money, have most their money in ultra-conservative investments. This is how they balance the high risk choices they make.
But if you're still determined, start reading, take a class and paper trade (trading simulation) for several months so you can establish techniques and indicators that work for you. Until you have both skill and discipline, you might as well just take a lighter to your money.
Theoretically yes.
However MOST people accumulate wealth by investing. Trading options or forex is speculating, not investing. In other words, it is gambling. You can be well skilled and educated and still lose your behind very,very quickly.
Such trading is at the top of the risk charts, so yes, potential returns can be impressive but they come with a very sharp potential for a complete loss.
When you invest in stocks, bonds or mutual funds, you still have a risk of loss, but the odds of a total loss are slim, and you usually have time to get out before suffering a huge loss (unless you are also speculating with high volatility stocks).
Investing is not speculating. Investing combines an educated guess (no one really can guarantee a profit) with a moderation of risk. A lot of research shows that most investors do not do better by taking on higher than average risks. In other words, slower and steady wins the race.
As to tax issues. There are no benefits to short-term trading of any security. In fact all profits are taxed at your highest marginal rate. This is one more reason why trading rarely results in huge profits. By the time you subtract ticket charges and taxes you have to have a really big profit for you to end up with a better after tax return.
There are conservative strategies for options when combined with stocks you own. These strategies can add income to your portfolio without being significantly speculative.
People build genuine wealth by staying out of debt, by spending less than they earn, and by investing the difference wisely. If you start this as young as possible and routinely increase the amount you are saving and investing, you will build significant wealth.
However, just as with playing in Vegas, speculating is gambling and while a few walk away long term winners, it is ONLY a few that do win. In the short term, anyone can have a measure of luck, but in the long run, it is pretty rare.
The traders that survive on options and forex are big boys, with big wells of cash and years of training (and losing) behind them. They survive as much off the thrill as the wins.
But understand this, any wealthy trader is never playing with his full pot. He still has most of his assets in more secure investments. In fact, studies have shown that those that take the biggest risks with some of their money, have most their money in ultra-conservative investments. This is how they balance the high risk choices they make.
But if you're still determined, start reading, take a class and paper trade (trading simulation) for several months so you can establish techniques and indicators that work for you. Until you have both skill and discipline, you might as well just take a lighter to your money.
Automated Forex Trading Robot is a Scam?
jessicabut
I'm a novice forex trader who just started trading forex a week ago. I was wondering if anyone had heard or tried the automated forex trading robot like this one http://forextrading.wellexplained.info/ I'm so much attracted to it and planning to get one and try it myself. I read some reviews on it and all of them were positive.
Have you tried it before? Worth buying? Should I give it a go?
Answer
I've been trading forex for almost 8 years now, I believe in proper Forex education than anything. If you really wanna make profits from Forex, learn it and trade it yourself. Experience makes you a better and successful trader. And no, I've never tried that piece of script that promises so much of gains in a month. But one of my friends did. Yeah, he did make a profit of about 80% in one trade, but he lost almost 90% of his investment in the other 6 trades. Script is still a script, it's written by human based on historical data. More info, refer to http://www.squidoo.com/forex-robot-trading-system-scam/
Therefore, if you really wanna do well trading Forex, learn what Forex is, how Forex works, learn the charts, study the markets, and be brave to trade, remember high risk high return. You should get a proper Forex education like this http://www.squidoo.com/the-forex-kingdom-review/ rather than counting on a trading robot.
Good luck in pursuing your forex riches.
I've been trading forex for almost 8 years now, I believe in proper Forex education than anything. If you really wanna make profits from Forex, learn it and trade it yourself. Experience makes you a better and successful trader. And no, I've never tried that piece of script that promises so much of gains in a month. But one of my friends did. Yeah, he did make a profit of about 80% in one trade, but he lost almost 90% of his investment in the other 6 trades. Script is still a script, it's written by human based on historical data. More info, refer to http://www.squidoo.com/forex-robot-trading-system-scam/
Therefore, if you really wanna do well trading Forex, learn what Forex is, how Forex works, learn the charts, study the markets, and be brave to trade, remember high risk high return. You should get a proper Forex education like this http://www.squidoo.com/the-forex-kingdom-review/ rather than counting on a trading robot.
Good luck in pursuing your forex riches.
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What are the main reason why forex trader fails?
Posted by Ryanita
on , under
forex live rates
|
comments (0)
Madison
There are lots of tips to become a successful forex trader but what are the main reason why people fail?
Answer
1) Forex trading is risky
2) Bad broker (manipulating the "game")
3) High leverage and lack of money management
4) No sound understanding of fundamentals or technicals
And last but the most important point!=
5) Emotional trading (no sound trading strategy)
Everyone is trying to make a quick buck of the FX market high interest and gullable traders. There is no quick fix, and one can make a living trading the FX market if the above points are corrected.
Find a good teacher eg: www.chrislori.com (he has the actual experience- traded for the bank of Montreal, and the highest rating from the real trading community).
Good luck mate
1) Forex trading is risky
2) Bad broker (manipulating the "game")
3) High leverage and lack of money management
4) No sound understanding of fundamentals or technicals
And last but the most important point!=
5) Emotional trading (no sound trading strategy)
Everyone is trying to make a quick buck of the FX market high interest and gullable traders. There is no quick fix, and one can make a living trading the FX market if the above points are corrected.
Find a good teacher eg: www.chrislori.com (he has the actual experience- traded for the bank of Montreal, and the highest rating from the real trading community).
Good luck mate
How can I get the best rate transfering US dollars to Mexican pesos?
Al F
Living in southern Mexico and traveling to and from the US I go to the banks and currency exchange houses but the rate they pay is for example 11.80 pesos per us dollar yesterday while the rate on the net is 12.78 pesos per dollar. I seem to be consistently losing approximately one peso per dollar. Does anyone know where I can get paid a rate closer to the true exchange rate? Any suggestions or help would be greatly appreciated.
Answer
Latest Mexican Peso News
Yesterday's Trading (13-Aug-2010)
GBP/MXN - closing market price was 19.8439 with a low of 19.7842 and a high of 19.9572.
USD/MXN - closing market price was 12.7278 with a low of 12.6811 and a high of 12.7643.
Mexican brewer Modelo says cancels FOREX coverage - Reuters (source: Info 5000)
Mexican brewer Modelo says cancels FOREX coverageReutersMX), which makes Corona beer, said it had been using the FOREX instruments to shield it from sharp fluctuations of the peso against the dollar. The company said in a statement the transaction would re... (source: Info 5000)
See more...
Microsoft blocks Messenger access to Syria and Iran (source: Big News Network)
Samsung takes the spotlight at the Dubai Hotel Show Microsoft blocks Messenger access to Syria and Iran MxN completes the installation of queue management ... Cisco announces collaboration in Mo... (source: Big News Network)
See more...
Microsoft to unveil new search engine (source: Big News Network)
Digital information growth outpaces projections ... Panasonic projector range delivers cinematic-quality Saudi Government and private sectors endorse ICDL ... MxN Middle East FZ-LLC to highlight... (source: Big News Network)
See more...
Microsoft to unveil new search... (source: Big News Network)
MxN Middle East FZ-LLC to highlight Digital Signage ... Datamatix announces speakers and presenters for ... Iomega announces new features for StorCenter ix2 ... Microsoft to unveil new search en... (source: Big News Network)
Latest Mexican Peso News
Yesterday's Trading (13-Aug-2010)
GBP/MXN - closing market price was 19.8439 with a low of 19.7842 and a high of 19.9572.
USD/MXN - closing market price was 12.7278 with a low of 12.6811 and a high of 12.7643.
Mexican brewer Modelo says cancels FOREX coverage - Reuters (source: Info 5000)
Mexican brewer Modelo says cancels FOREX coverageReutersMX), which makes Corona beer, said it had been using the FOREX instruments to shield it from sharp fluctuations of the peso against the dollar. The company said in a statement the transaction would re... (source: Info 5000)
See more...
Microsoft blocks Messenger access to Syria and Iran (source: Big News Network)
Samsung takes the spotlight at the Dubai Hotel Show Microsoft blocks Messenger access to Syria and Iran MxN completes the installation of queue management ... Cisco announces collaboration in Mo... (source: Big News Network)
See more...
Microsoft to unveil new search engine (source: Big News Network)
Digital information growth outpaces projections ... Panasonic projector range delivers cinematic-quality Saudi Government and private sectors endorse ICDL ... MxN Middle East FZ-LLC to highlight... (source: Big News Network)
See more...
Microsoft to unveil new search... (source: Big News Network)
MxN Middle East FZ-LLC to highlight Digital Signage ... Datamatix announces speakers and presenters for ... Iomega announces new features for StorCenter ix2 ... Microsoft to unveil new search en... (source: Big News Network)
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Which Forex Robot has the best results and easiest to use ?
Posted by Ryanita
on
Tuesday, November 12, 2013
, under
forex street
|
comments (0)
PaulParkin
Im still confused on which Robot to get to start Forex trading. If anyone has any experience, I would love hear any pros and cons.
Answer
The Federal government warns there are a lot of Forex frauds out there, and these Forex robots appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud.
There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. You might meet a person called "Zboy227" who says "I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/Zboy227." The "/Zboy227" tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission.
Take a look at Bob J's website. If you click on the link for Fapturbo, you can see that he is sending you to the site http://www .fapturbo . com/?hop=gannon6 The "/?hop=gannon6" means he gets a commission if you buy Fapturbo.
There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner's luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive.
I may point out that websites that sell Forex robots admit there are a lot of scams out there. Of course they claim the other guy's robot is a scam, but their robot works. If you do a web search on the words "forex robot" and "scam" you will find a lot of sites saying their competitors are scams.
I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works.
The Federal government warns there are a lot of Forex frauds out there, and these Forex robots appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud.
There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. You might meet a person called "Zboy227" who says "I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/Zboy227." The "/Zboy227" tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission.
Take a look at Bob J's website. If you click on the link for Fapturbo, you can see that he is sending you to the site http://www .fapturbo . com/?hop=gannon6 The "/?hop=gannon6" means he gets a commission if you buy Fapturbo.
There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner's luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive.
I may point out that websites that sell Forex robots admit there are a lot of scams out there. Of course they claim the other guy's robot is a scam, but their robot works. If you do a web search on the words "forex robot" and "scam" you will find a lot of sites saying their competitors are scams.
I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works.
Have you ever used a program called Wall Street Training?
GOD
I received an email from a group called Wall Street Training. I believe it is the Self Study program online. I am wondering if anyone has ever used this program and has a review of it?
Answer
I have no personal experience with that course. However, there is probably some value in it for a beginner or intermediate investor and you might want to give it try it if it is cheap enough:
http://forex-mall.com/index.php?route=product/product&product_id=103
http://www.ripoffreport.com/computer-training-education/wall-street-training/wall-street-training-den-of-th-646cp.htm
http://www.ibtraining.com/wallstreet-training.php
I have no personal experience with that course. However, there is probably some value in it for a beginner or intermediate investor and you might want to give it try it if it is cheap enough:
http://forex-mall.com/index.php?route=product/product&product_id=103
http://www.ripoffreport.com/computer-training-education/wall-street-training/wall-street-training-den-of-th-646cp.htm
http://www.ibtraining.com/wallstreet-training.php
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What is your favorite forex robot?
Posted by Ryanita
on
Monday, November 11, 2013
, under
forex ea reviews
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comments (0)
Q. There are many types of forex robot in forex market. recently i bought forex robot and I want to know how popular this forex robot, so what is your recommend forex Robot?
Answer
Check out http://www.pipcop.com/ ~ PipCop reviews MetaTrader Forex robots (EA's) in real-time and posts detailed statements every 15 minutes.
Pipcop ONLY forward test on real accounts for the most accurate robot reviews!
I see a lot of affiliate links for the still hyped FAP Turbo. I used FT and all was going well the first two months and then two bad trades killed my account. Be careful with any EA. Another thing that will make or break an account is the broker you choose. Do you homework first before you jump in with both feet or you will lose you hard earned cash. Good luck!
Check out http://www.pipcop.com/ ~ PipCop reviews MetaTrader Forex robots (EA's) in real-time and posts detailed statements every 15 minutes.
Pipcop ONLY forward test on real accounts for the most accurate robot reviews!
I see a lot of affiliate links for the still hyped FAP Turbo. I used FT and all was going well the first two months and then two bad trades killed my account. Be careful with any EA. Another thing that will make or break an account is the broker you choose. Do you homework first before you jump in with both feet or you will lose you hard earned cash. Good luck!
Do forex robots really work has anyone tried one?
michaelpc1
Answer
Do yourself a favor and ignore any answer that includes a link to any forex site.
Forex robots, Iraqi dinar, and penny stocks are the most frequent scams on Yahoo Answers.
If anyone had a robot (or system, or EA) that produced reliable profits, they would use it to trade themselves wealthy. They would not give it away. They would not sell it and arbitrage away their own profits. The concept is ridiculous.
Testimonials and internet reviews can be fake. Past track records can be fabricated.
Do yourself a favor and ignore any answer that includes a link to any forex site.
Forex robots, Iraqi dinar, and penny stocks are the most frequent scams on Yahoo Answers.
If anyone had a robot (or system, or EA) that produced reliable profits, they would use it to trade themselves wealthy. They would not give it away. They would not sell it and arbitrage away their own profits. The concept is ridiculous.
Testimonials and internet reviews can be fake. Past track records can be fabricated.
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Has anyone attended/knows anything about a programme run by Knowledge To Action called ULTIMATE FOREX PROFITS?
Posted by Ryanita
on , under
forex peace army
|
comments (0)
PEE
I would like to attend a programme called ultimate forex profit run by Knowledge To Action in London but not too sure if the programme is real or just a rip off? If anyone has any idea or has attended this programme before, please I need your help, thanks
Answer
Never used it. But you can look for it in reviews websites like peace army or forex top ten.
Good luck.
Never used it. But you can look for it in reviews websites like peace army or forex top ten.
Good luck.
Is fxpipcapital Trading Signals a SCAM?
slayernine
Is Fxpipcapital forex signals a scam? I saw all there paid advertising on Google and was wondering if anyone has made any money from using them! Or are they the new forex signal scammers on the block?
And who is this mike guy and this other guy John? Because he does not provide a last name. Because I want to check there back ground histories out! I think we all have the right to know who we are dealing with.
Answer
I tried this services âbig mistake!â I should have done my due diligence better this guy is a crook and a complete armature trader! I did not realize the web site was new and started only a few months ago and on top of that this same group of forex scammers opened up a few other alert services in the same 3 month period under different names! my advice is to stick with services that have been around for a few years already and services who do not post up fake histories when the web site did not existed and if they post some theoretical past trading garbage âRUN AWAY AND FAST !!!!! Fxpipcapitial is not a good service! I lost money and you will too and donât fall for the fake reviews they post for them self on forex peace army that scam site is run by another scammer and donât believe the fake reviews they post about themselves on forex justice, I fell for the fake reviews and it cost me a lot of lost money from trading there bad alert signalsâ¦..
I tried this services âbig mistake!â I should have done my due diligence better this guy is a crook and a complete armature trader! I did not realize the web site was new and started only a few months ago and on top of that this same group of forex scammers opened up a few other alert services in the same 3 month period under different names! my advice is to stick with services that have been around for a few years already and services who do not post up fake histories when the web site did not existed and if they post some theoretical past trading garbage âRUN AWAY AND FAST !!!!! Fxpipcapitial is not a good service! I lost money and you will too and donât fall for the fake reviews they post for them self on forex peace army that scam site is run by another scammer and donât believe the fake reviews they post about themselves on forex justice, I fell for the fake reviews and it cost me a lot of lost money from trading there bad alert signalsâ¦..
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