Forex market opens 24 hours, and I am not the Superman can review and decide something when tired. I want to install forex robot in my system.

Answer
"Forex robots" only actually make any money for people who sell "Forex robots"

What is the best forex trading strategy?

I have been reading about trading forex but I am unsure about the strategy I should be using. I have read about so many different strategies and they all claim to be the best and easiest. I was just wondering if anybody had any real experience trading forex that could recommend a good strategy to start out with.

Answer
If you are a beginner, i suggest you to use Marketiva, which is a very good platform to start trading with and very easy to use.

Marketiva gives you 5$ real to start trading so you don't have to deposit and if you made profit from it you can cash out, this is why it's very good for beginners. Their platform is very easy to use and they have support during trading hours for your questions, doubts etc.

They also have chat channels where you can talk, exchange opinions and ideas with traders of your country or international traders.

To open your account please visit http://www.marketiva.com/index.ncre?gid=3371

I want to try forex trading, I don't know how to start, I want somebody who experienced it to share with me his/her experience

Answer
Forex trading is profitable if you are able to abide by three simple rules:

1) Stick to one or two strategies that work year in, year out.
2) Apply good money management techniques. This means you should never expose more than 3-5% of your account to the market at any given time. This way, a losing trade will not damage your account irreparably.
3) Aim for a reasonable profit margin of at least 40% monthly. Some people say that aiming for up to 40% is suicidal. My experience has shown that if you have a good strategy (and I have seen a blog where there are more than 30 strategies to choose from), some of them can deliver up to 100 pips over 2 days of trading, if the trader makes the correct entry and follows the rules.

For me, I do not trade every day. This is my 6th year in the market. I have learnt that good strategies, applied with good money management, is what makes the difference between success and failure.

You need to get access to strategies, and use them. One of my favorites is using crude oil to trade currency pairs involving the USD, JPY and CAD. When you understand such relationships, you understand why things happen in the forex market.

When you understand why a credit rating downgrade in a Eurozone country causes the EURUSD to drop in value, you are already on your way to knowing how to trade forex profitably.

When you understand that the CHF is a safe haven currency and that when bad things are happening economically in Europe, a SELL position on the EURCHF can rake in 1000 pips (as happened in Nov 2010 because of the Irish debt problem), then you are on your way to trading profitably.

Forex trading is profitable. Just like a door has a key which locks and unlocks it, so also forex trading has keys. You need the keys to be able to unlock them.

What to consider when choosing a Forex broker?

I have $5000 and I'm interested in trading forex. What are the best brokers on the internet?
Also when they say minimum trade size micro unit (1k) does that mean I have to buy at least 1000 units which is for instance for a currency (1.05) $1005?
Also what is the lot size? Is that the range of profit/loss? Like instead of gaining $1 for 1 pip gain $10 if I change the lot size?

Thanks

Answer
Wow... you're on your way to an unbelievable surprise.

There are no good Forex Brokers... there are only Forex Brokers that are not as bad as most.

The first thing you want to consider is where is the corporate headquarters (what country?). Assuming you're from the USA... make sure they are licensed in the USA. Do not, for any reason, deal with a Forex Broker not licensed in your home country.

The next thing is to compare the "spread" charges. All these brokers advertise "no commissions".You'd actually be better off with a commission charge than the way they charge (by the spread). Make sure that the pairs that you'll be trading have comparatively smaller spreads than the competition.

No matter what you see on the web (especially from the brokers)... understand that it will take, on average 3-5 years to be profitable in any type of trading. Forex traders usually destroy their account in days, weeks or months.

The free "classes" taught by the brokers are a joke. They concentrate on the least important aspect of trading, which is Technical Analysis. The two fields of study, significantly more important are;
A. Psychology (yours and the markets).
B. Risk Management.

Read 6-12 books on trading and another 2-3 books on Forex Trading before you open a Forex brokerage account.

Good luck!

I read an article online that I can't find now about how to use a bloomberg terminal to forecast exchange rates. Does anyone know how to do it?

Answer
Any information that allows you to forecast exchange rates will be taken advantage of by speculators who are already in the market so the best forecast is the prices of forward exchange rates. see
http://thismatter.com/money/forex/fx_forwards.htm

Can anybody tell me what is the forecast of light sweet crude oil in future?

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.

Can't seem to find a decent one out there. FSA regulated and has the metatrader 4 platform

Answer
Hotforex is a good broker, they have very low spreads, low deposit, ecn, micro accounts, mt4 but no fsa, they are regulated by FSC

What Forex ECN broker should I choose?

I am also demoing the Currenex ECN platform. I am looking to open a account with this platform but there are several brokers that offer this. Any suggestions?

Here is a youtube video of this platform:
http://www.youtube.com/watch?v=ImHoCn713LY

If there is a better ECN platform out there, please let me hear your suggestions.

Answer
You can also try FXCM's Active Trader platform. It displays level II type depth of market to see liquidity at each price level and is a no dealing desk (STP) platform.

http://www.fxcm.co.uk/active-trader.jsp

Q. http://ababasoft.com/flash_games/forex01.html Real life surely cant be like this game so how is real lfe trading different?
i made 10% profit within the first 30 seconds of the game, and surely that is not possible in real life? Why?

Answer
No, it's not even close to the real thing unless you are watching and trading real price action in real time.

Forex trading and how to go about it from home?

Can someone explain in detail how forex trading can be done from home in order to earn some additional income? Too, what is involved or needed? How much is needed as an investment?

Answer
I would check out fore forums.
Like babypips etc.
However make sure you understand every aspect of the forex game, because it is hard to earn good money if you don't know what you are doing.
Maybe another option for you is to let someone else manage your account?

I can invest a maximum of only 30$. So according to my investment i request u to suggest a good company.

Answer
forex?? there is no companys in forex forex stands for foriengn exhance currency you trade currencys not companys... honestly forex is a bad way to trade i think i had terrible results personally down 30% in one week... yet my stock porofolio is up 307% YTD! however diversifing into currencys is a smart investment stragedy... forex has its own website to trade it alot of online brokers also allow you to trade forex ...interactivebrokers.com is by far the best online brokerage it allows you to trade just about anything.. cur, stocks, options, futures, etc etc

p.s. $30 dollars is hardly worth anyones time including yours. i say dont invest it just keep saving until you get $3000 then open an online brokerage account

and choose me best answer lol

Is international wire transfer possible from and to a different currency?

I wish to transfer currencies from the Philippines to my Forex account in Cyprus. It's about USD 3000. Sender currency is Philippine Peso (PHP) and target currency is US Dollar. Any banks/institutions that provide low rates? Thanks.

Answer
All major banks do international transfers from their local currency (in your case the Philippines) to another country, especially in US $ (still considered the ultimate currency), UNLESS there are some foreign exchange controls in one of the two countries involved, in which case you may have to provide the sending bank or receiving bank, or a regulatory government agency of either country, to provide details and justification on the reason of the transfer, or origin of the money, etc..
The money may not necessarily be transferred to your bank at the receiving end, because the sending bank may have to transfer it first to their correspondent in Cyprus, who in turn will transfer it to your bank. This does not give you additional work on your sending country. It might just take a few more days and cost you a little more money. Meanwhile all the banks involved will be using your money to earn a little interest while the money is in their possession.

Anybody can tell me how forex options affect forex market? Do they actually affect the market only when they are exercised? Does an exercise of a forex option occur at the same time as a sell-off of the option? (My understanding is that when an option expires, you have to exercise it then sell it to make profit)

Answer
Typically, what happens is you will be given the difference between the strike price and the current market price, as clearly the Writer of the Option cannot physically deliver a curreny pair at an older, lesser price than the market. So they owe to indemnify you, or place in you in a financial position similar to that as if you have the currency pair at the current market value.

Now as for option contracts, YOU DO NOT need to exercise them if they are about to expire. That would make no sense, as if they are 'out-the-money' you would lose money. A contract can expire, leaving you out the contract's premium. If you are looking for the best forex software, visit this site

http://the-best-forex-software-in-internet.blogspot.com/

This software is the best software that can help increase your trading profit and user friendly.


Best Wishes,

How many lots does a Forex option represent?

I know that a stock option is a contract that gives the holder the right to buy (or sell) shares, usually 100, but what about Forex options do they give the holder the right to buy (or sell) 100 lots of a currency?

Answer
Most of the FX options are traded in the OTC market. It's huge and it's filled with big players. In fact, the notional size of the OTC options traded in a year is in the 100's of Trillions of dollars. Unfortunately, you can't participate in this market because it's for institutions.

You can buy options on FX futures contracts. In lots of ways these are cleaner anyway, because there is no settlement risk and no counterparty risk. Also a futures contract quotes the forward price of the currency (almost, if you're a pro you will note that there is a subtle difference). The forward price of the currency is the price you could lock in by converting at the current exchange rate and investing in risk-free bonds denominated in the foreign currency. Basically, currency is expected to depreciate in countries with high interest rates relative to currencies from countries with low interest rates. It makes life easier to not have to worry about forward pricing when you are trading options on FX.

Anyway, an option on an FX futures contract gives you the right to buy or sell one futures contract at the strike price. Thus if you exercise an in-the-money call (put) option on an FX futures contract, you get a long (short) position in a futures contract and some money in your margin account. FX futures contracts have well-defined sizes, for example, a contract on the Euro is $125,000.

You need to know that these markets are filled with people with very deep understandings of the options and FX movements and it is unlikely that you will be able to beat them for money.

Answer
If you want to succeed in any endeavor, you need to have persistence and dedication.

Each time you encounter a new endeavor, activity, or thing, the first to come into your mind is to learn about that particular thing or activity. So you see, no matter what we do, education continues. And this is especially true with forex trading.

Statistics have shown that over 94% professional traders lose a lot of money every day in forex trading alone. But donât be discouraged; in fact why not use that piece of information to strive hard to get a forex trading education.

The financial market changes by the minute, or even by the second. Who knows which currencies are a good buy and which arenât. Most traders, specially the starters, believe that they can predict what is about to happen in forex trading. But you see there is more to predicting the market; you need to educate yourself still.

First things first, you must have a forex trading system which contains the key elements, namely: money management, risk, and execution. If you have a well developed system, which gives a lot of weight to money and risk management, over time you can actually carry on draw downs while expecting consistent returns.

Forex trading is not just about buying low currencies and then selling them when the price is high. Profitable traders can teach you more than just discipline, because you also need to learn about detachment. Ask a professional trader to show and guide you how it is done.

You must have the proper mindset in order to be a successful forex trader. To achieve this, your capital should have a positive return. It is not all about profits especially when you're just a beginner. You should first determine if you have a reasonable return of your capital.

If you purely rely on experience and instinct, you may not likely succeed in forex trading. But if you have undergone a forex trading education, you are more capable to handle demands and the stress that comes along with the trade.

Through forex education, you can learn all about the market mechanics, reading the forex chart, how software works, how it is closed, the right time to bid, and many more. It is the best possible route to take before plunging into forex trading.

The FX market is volatile, and you can understand the situation better if you know how to read charts. It will be easier for you to understand the different reasons behind these shifts, and can greatly help in minimizing the risks that you are going to undertake.

The very first things that you'll learn in forex trading education are the basics. It includes margin concepts, order types, rollovers, bids, and leveraging. Aside from that, you can also learn about fundamental and technical analysis. And lastly, you should learn about trading psychology which can teach you about patience, discipline, and commitment.

It is also good if you can learn about the financial market's history. And knowing the past mistakes made by other traders will teach us how to avoid such circumstances. You can get a forex education online or in a traditional class.

Having a forex education is an added advantage compared to those who havenât had any. This is especially helpful for starters, and even for those who have been in trading for some time.

Most professional traders highly recommend some form of forex education. With a little background and knowledge about the trade, it is a sure fire way to succeed in this line of trade. Instead of making wild guesses, why not take a forex education class, and make educated decisions when doing the actual trade.

GFT, Interbank FX or Oanda: which Forex broker is more preferred and why?

Q. And, do youhave any personal experience with them?

Thanks,

Answer
* Oanda offers competitive rollover interest rates, which is good if your trading strategy involves the "carry trade".

* Interbank FX is okay...their bid/ask spreads are not the best. But they do have pretty good customer service, which is important to some traders.

* I haven't dealt with GFT, so I cannot comment on this broker.

Q. As far as I know, candlesticks show open quote and close quote during some time period. Then the open quote of a candlestick should exactly equal the close quote of the previous candlestick. But it doesn't. What am I getting wrong here?

Answer
The candlestick opened at the same price the previous one closed but in its fluctuation it moved higher or lower than the price it opened at, in the process it can go over that open price from higher to lower and/or vice-versa. So the end result of that candlestick -once fully formed- will appear to not graphically coincide or show the exact place where the previous one closed; but if you look closely it actually does.

Let's say the price in its fluctuation just went over the open to a higher quote, but after it reached that high -at which point you're looking at a colored filled candle- it started to come down (leaving a "wicker" or "shadow" behind) But then it fills again on its way down if/when/after it goes through the opening price. Example: Previous Close was 1.3400. New candle opens at 1.3400 and then goes up to 1.3423. But then proceeds to go down to a close of 1.3392 (leaving a shadow/wicker from the high at 1.3423) But when it goes through the opening @ 1.3400 it fills up in color again down to 1.3392. This change from wicker to color filled candle shows you the exact point where the previous close and next candle open price coincide.

Other than that beware that If you're just observing at small -and therefore faster- moving timeframe LIVE, like a 1 minute timeframe or even a 30 second one, it's not unlikely that you'll see a candlestick opening higher or lower than its previous close. This is so because you're witnessing the fast candlestick formation while it's happening giving you the impression of a discrepancy between the closing and opening price between the two candles. But this is not the case when you check the actual recorded data.

That's the only thing that occurs to me that you might be doing. If that's not the case then you should provide more info as to under what conditions this happened to you. Other than that just do some backtesting on any trading platform that shows you the Open- Close- High- Low on any candlestick and see the actual data for yourself.

Is there a site on the net where someone can view historical "after hours charts" ?

There seems to only be sites for regular market trading hours quotes & charts. Are there any sites for historical quotes and "after hours charts" ???????

Answer
quotes.nasdaq.com/asp/MasterDataEntry.asp?page=After+Hours+Market

afterhourtrades.com
www.Forex.com
tradingday.com

Is it true forex robots need monitoring the market for days before starting trading themselves on their own?
That's a feature I would dislike if so

Answer
An EA is built to enter trades when certain conditions are met in the market. If those condition are met than the EA enters the trade. If those conditions aren't met the EA doesn't enter the trade. Depending on what conditions the EA is built there are days when it doesn't have trades and days when it haves.
Having said that it is true that the EA needs to monitor the market all the time (meaning you need to leave your computer runing in order for the EA to work) and depending on the EA, the number of trades varies and there are days without trades. Don't forget that forex trading is about having patience to only take the best trades. Happy trading!

What is the best online broker for forex trading.?

I want to start trading forex, but i've noticed there are several trading brokers/platforms. Can you please tell me which ones are the best to use and why? And more importantly, your experience with your choice.

Thanks
jackson

Answer
I use Interbank FX and GFT. I don't find their spreads to be any better or any worse than anyone else but I appreciate their customer service and user friendliness of their apps.

InterbankFX has another cool feature and that is the ability to use their credit or debit cards in order to quickly access money from your account. One word of caution is that all brokers make it very each to put money in....and many make it extremely difficult or time consuming to get money out. I guess they like that float.

The third reason that I like Interbank FX is that they have actually developed an EA for us that monitors my account balance and automatically closes all my positions and locks in my profits using either a profit target or a trailing stop setup. It is very cool waking up and seeing that you have just made $800 while you were asleep.

Lastly, we have negotiated institutional interest rates with both of these firms that are not available to other retail clients.

I hope this helps.

paul

Q. choose one of each two choices

1. Real Madrid or Barcelona ?
2. Galaxy Tab or ipad ?
3. Google Chrome or Mozila Firefox ?
4. Japanese cars or German cars ?
5. Palestine or Israel ?
6. Pepsi or Coca ?
7. Macdonalds or Burger King ?
8. Forex or Stock market ?
9. Play Station 3 or Xbox 360 ?
10. football or soccer ?
11. Yahoo Msn or Hotmail Msn ?
12. Facebook or Twitter ?
13. Liberal or Conservative ?

Answer
1. Uhhm...Liverpool...
2. Apple Ipad
3. Google Chrome
4. Japanese car
5. Palestine :)
6. Cola
7. Ronald Mcdonald :D
8. Stock market.
9. Playstation 3 :))
10. English football
11. Hotmail MSN (hope Yahoo don't read these answers) :L
12. Twitter
13. Idgaf :3

I have $10,000 that I don't wana touch4 4yrs, since I'm scared of my future, how can I make that grow?

Q. I'm 23 years old. I got a good amount of money from my grandma when I turned 21. I spent a little bit of it on stupid things and traveled (Israel is great, you all should visit). I went a way to college after high school, came home, **ucked around, and now I'm finally in spot in life where I am concentrating on school and should be done at the end of next year. Then I'll make $20+ an hour until space opens up in this 2yr program, that I'm interested in, and I'll be starting at 70-80k a year.
For this program there's a 2 year wait to get in to it and the program last 2 years. So in a nut shell I won't be making 70-80k a year for 5 more years! I work at a hilton and make $10 an hour working 20-30 hours a week while being in school. I basically put all that in my savings and use money I make from selling pills on the side as spending money (about $500+ a month on pills, some of that goes towards paying people to do my papers for school, food, and also my personal trainer. I live with my parents so they pay for most things I need, including gas and SOME of my credit card bill).

Anyways, I have money set aside for a trip to Spain for spring break which is going to be relatively cheap since I'm staying at a friends apartment (she's working in Spain for a year). I also plan to save up money from my job to live in Tell Aviv, Israel for a month and do community service at a hospital next summer.

Minus the money in my savings that I have set aside for traveling and a decent amount I allow myself to have in my debit I have 10,000 that I don't wana touch cuz I'm soooooooo scared of my future regarding finances. And hopefully after I'm done with school I'll be moving the hell out.

--------->Any good ideas as to where I should put it for like 4 years so it can grow? I'm thinking I'll need it in a few years while I won't be able to work in the like 2 year long program.

Answer
Hey ,

Well first of all , you gave a wide introduction which is nice :p btw yes , Israel is amazing :) especially tel aviv in the summer , cant wait to go back on the tayelet for some abulafia :P anyways , back to your question .

First of all , all that im giving you here are suggestions , what you do is on you .

I believe investing should be done with money that you dont really need or care about if its gone , that way your choice of investing will be all about the odds and not about your psyche .

So if thats the case then you have alot of options which can be investing in stocks , Forex , etc .

If the money is something you dont want to lose , just put it in a bank somewhere and let it rest until you will need it . and enjoy the 1-3 % interest .

You said Grow , but Grow depends on what your are willing to risk .


BTW , investing is only meant to do in stuff you know , if you dont know about stocks , etc dont touch it .

so be careful of that GROW , cause sometimes having those 10k in the bank , is the best solution .

I would appreciate if you could share your own personal experiences with me.I am thinking of setting a forum for Forex traders to discuss and share their trading experiences with each other.If you are interested, please let me know so that i can include you in the forum.

Answer
Technical analysis after combinig with fundamental announcement...Generally use a lagging as well as 1 leading indicator.

Get more info at -

http://the-best-forex-software-in-internet.blogspot.com/

What are good strategies to use in Forex trading?

I would appreciate if you could share your own personal experiences with me.I am thinking of setting a forum for Forex traders to discuss and share their trading experiences with each other.If you are interested, please let me know so that i can include you in the forum.

Answer
Technical analysis after combinig with fundamental announcement...Generally use a lagging as well as 1 leading indicator.

Get more info at -

http://the-forex-trading.blogspot.com

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.

Do Forex Robots, such as FAP Turbo, actually work?

I've seen people on here who are promoting this software, but they don't actually say how much profit they are making. They don't include personal experiences with this software either. Please do so in your answer.

If this robot is not as good as another, please enlighten me.

Thanks in advance

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!

Having said that, I have used on my live account FAP Turbo and Forex Megadriod. Things were going well for me with FAP Turbo the first two months and then two bad trades placed my account deep into negative territory that I was never able to recover. Forex Megadriod does not trade as often however, the EA is a lot more stable and consistent with returns. I have used a lot of EA's and even had a custom EA that cost quite a bit to program but so far, Megadriod is top dog. Read the reviews and look at the account on Pipcop. God luck in your endeavor! :)

Looking for at least 75 pips a week average with low downdraw.

Thank you for your advice.

Answer
www.freedominforex.com or www.freedomrocks.com. The videos speak for themselves. 15 day free trial. Less expensive to get into than just about every other program and this one actually works. I tried 4x made easy waste of capital 3000 plus monthly fee for information. Having been searching for a system for years I have found it. In 30 days up 724.00 on 3000 and I am trading the conservative part of the program. Can also trade at 200 and 400 to 1 and the system shows you how to make money. Let alone get interest at a higher rate than you will find with any mutual fund out there. Good luck.

What is the best source to get FX forward daily projection?

Please advice where can I get the best information (analyzed by some professionals based on the Worldâs economic indications) to help me with my entering into the Forex trading. I hope to find well established and legitimate source that could send me emails on the daily bases with their (free or paid for) advices, recommendations and alerts for the next trading day and so on... Iâm sure there are number of Forex advisers and companies providing this type of service, but I do not know to find them and how to find out about their âtrack recordâ. Thank you.

Answer
if your a forex newbie the best place to START is babypips.com
you'll learn lots there.... also go to day-trading-mind... lots of good info there..... both sites have links to people and places for free info................ if you have any questions email me.... i am a newbie too! :)

What is the most profitable way to trade forex? Short term, like holding a position for a few minutes and sell, medium term trading like holding a position for a day, or long term holding a position for a week.

Answer
The 1 hour and the day timeframe

The day timeframe is quite accurate if you catch a trend it can last for some weeks and you don't have to look at the charts all day, only once a day. The only thing with trading day timeframe you cannot trade more than 10 % of your account.

If you want to trade short term the one hour is also quite accurate, it gives less signals than the shorter timeframes and you can look at the charts once an hour, and you can hold your trades for few hours. The 1 hour timeframe is good to catch the daily trend.

The most profitable way of trading forex is to use a trading system, which is just a set of rules used to guide you when to enter and exit a trade. If you want to learn how to come up with your own trading system:
http://www.forexmarketscience.com/forex_trading_system.htm

If you are just beginning the best timeframe to start with is the hour its not too long or to short. The hour timeframe won't generate too many signals like the minute timeframes will and at the same time you don't have to wait a long time for signal to trade.

Another way you can increase your profitability is to use 2 timeframes for trading, if you are trading on 1 hour you can check with the day timeframe so as to confirm you are trading with the direction of the trend, If the direction of the day is the same as that of 1 hour your chances of making a profitable trade increase. To learn multiple timeframe trading:
http://www.forexmarketscience.com/multiple_timeframes.htm

You might also like:
http://www.forexmarketscience.com/moving_average.htm

How many different stocks should I have in my portfolio to consider my portfolio well diversified?

Also, is NCC and BSC good long term investments?

Answer
I´ve been investing for more than 20 years and trading for almost 14, and I can tell you that if you want to make BIG and FAST profits, I recommend you trading rather than investing, trading can help you to go from rags to rich.

If you are investing, you must have already achieved some degree of financial success, long term stock investing and/or FOREX can help you become much richer than you are today.

My experiences as a Nasdaq Market Maker, Head trader of brokerage firms, and currently as a professional trader
and private hedge fund manager, I can suggest you that:

We trade because we want quick, short term profits on a consistent basis. We want to cash flow the market. Milk it like a cow.
Make consistent, small, short term gains rather than trying to hit a home run on every trade. Don't ever forget that.
Don't marry a stock, marry the idea of making money trading stocks. That's the only way to do it.

For me "All stocks are equally worthlessâ

I don't hold on to any illusion that the stock market will continue to go up and provide a nice retirement for me.
I could care less which way the market goes. It's irrelevant to me if the market goes higher, crashes or moves sideways for the next 50 years. I really could care less. Stocks are just four letters with two prices next to them that I use to make a living trading.

Trade ONLY when you have a clear, easy and identifiable advantage, because without a CLEAR EDGE your odds of success are NO better than a flip of a coin⦠That´s why so many new traders (and investors) lose money.

Take a look at any daily chart of any index or stock and you'll probably see the most volatility and the biggest opportunity for profit during the "First Hour" of the stock market's opening.

The popular thinking and conventional wisdom is that you should wait about an hour before you start trading.

But if you do, you'll miss the big, fast moves that stocks make as all the amateurs let their emotions out through their
online accounts, usually right after they read some news headline or hear Maria Bartiromo go off about a stock on CNBC.

It's easy to see why trading the open is the market's prime time for profiting from other online traders.
The market's open is very volatile - that is the perfect environment for LARGE, FAST profits.

Learn to trade as a professional Market Maker ,not as an emotionally driven amateur trader or investor with few thousand dollars in an account at Etrade.

There isn't any other time during the day or any stock you can invest in, that can make you 1, 2, 3, 5, 7 or more points
in minutes OTHER than during the first hour the stock market is open. That's why I love trading the open so much.

I trade only when I have an edge and that means "only the fisrt hour the market is open".

If you are a beginning trader, you can give yourself an unfair advantage in the market trading this way.

I can continue giving you a lot of advises about how to make money trading, but if you ask me:
"What is the best thing you can do for me or that I can do for myself?

Go to this "Top Secret" site and get the BEST stocks that will make the largest and fastest day trading profits you´ve ever seen...

www.onehourtrading.com

After you review this site you won´t need a system, strategy, book, software or mentor to tell you what to do,
you will be able to profit HUGE every day, picking your own stocks to trade.

Trade well,

Jonny

I am looking to start trading in Forex with a friend. What should I know? Where should I look? And most importantly, what should I try to avoid?

Thank You!

Answer
Forex is what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.

Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.

There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.

Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: "Go to Forexcrap,com/q2347." The "q2347" is a signal to the Forexcrap site that you are being referred to them by "q2347." If they sell something to you, "q2347" gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.

I would recommend not trying to do Forex at all, unless you are a trained professional. It's like playing poker with people better than you, with the house constantly taking a small percentage from the pot.

How the forex trading (iFOREX) is reliable and how much can some1 earn from it ?

Hi All:

I have been contacted by an account manager of forex trading company iForex and I was suggested that if would join their team I can earn around $1000 per month.

Can someone please guide how these sites are reliable and what about the FOREX trading business and how this compnay (iFOREX) is also relaible if anybody knows it personaly or earning anything from it.

Answer
A few months ago, I was asking the same question about iforex.com

Dude they are liars and cheating people.
Read this blog to know more about them-

http://www.xomba.com/iforexcom_fraud
http://iforex-fraud.blogspot.com/
http://in.answers.yahoo.com/question/index?qid=20090818013152AA4nQBn
http://forums.babypips.com/forextown/28152-iforex-com-scam-what-your-experience.html#post128321

I need a good strategy that can build my capital to a full time income.

Answer
I've read a lot about Forex, but I've never seen a proven profitable forex strategy, despite the claims of some scam web sites. Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.

Forex is what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.

Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.

There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.

Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: "Go to Forexcrap . com/q2347." The "q2347" is a signal to the Forexcrap site that you are being referred to them by "q2347." If they sell something to you, "q2347" gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you.

I would recommend not trying to do Forex at all, unless you are a trained professional. It's like playing poker with people better than you, with the house constantly taking a small percentage from the pot.

What Do You Know About Сurrencies And How Can It Trade On The Forex Market?

Each Forex Trader said at his on this question.
No, really, what can you say about that?
What Do You Know About Сurrencies And How Can It Trade On The Forex Market?
I just interesting your opinion

Answer
Hello,

Currencies can be traded in automated way? Do you know that?
It's easy to do even for a newcomer on Forex. All you need to do is install MT4 platform and Forex expert advisor or Forex strategy. If you will be interested in that way of trading, visit Forexeasystems.

Hi all!
I wonder,how and when to pyramid as soon as I see that trade is profitable.
Is there any kind of indicator,calculator,tutorial,etc which can help me?
Thanks

Answer
What do you mean by Pyramid? You mean adding on to a position or you mean compounding your account to increase it's size.

For adding on, I don't recommend it unless you are confident with the strength of the trend to drop a little more risk in. It's a good idea to lock in profits of your already profitable position with a +ve stop loss as well.

I don't recommend compounding either, at least until you have withdrawn your profits up till the stage where you have taken your initial capital back so all you are left with is pure profits as risk capital. For instance, you deposited $10k, don't compound until you withdraw at least $10k again. My personal habit is to withdraw some or all of the week's profits on Fridays. After all, aren't we trading to make a profit and reap the benefits of those profits by restocking our bank accounts?

Forex arbitrage how much scope?

All forex masters this is for you

How much do you think there are arbitrage opportunities (arbs) a day on forex? (in percentages)

Are there any forex arbitrage services?

compare forex arbitrage with sports arbitrage, which do you think should be preferred?

Why?

Thanx

Answer
Forex Arbitrage is an arbitrage among real rates and synthetic cross rates in different local markets.

A one possible way to realize this strategy is to find three brokers having the same clearing firm. Then you should make agreement with this clearing firm on "netting" services. It means that clearing firm will clear (net) your positions across three pairs at specified time using the opening rates. For example, in the example above suppose you had opened the following positions long 100,000 EUR/USD; short 100,000 EUR/GBP; and short 72,310 GBP/USD at 10:00AM and instructed the clearing firm to clear these position at 16:00 PM at the opening rates. The netting/clearing gives the following results: Long EUR from the first pair and short EUR from the second pair gives zero exposure in EUR. Long position in GDP from the second pair and short position from the third pair gives zero exposure in GBP. Short position from the first pair ($118,370) in USD and long position from the third pair ($118,501) in USD gives you $131 profit without open positions and exposures.

The second possible way is to use some agreements (options or swap) to guaranty clearing/netting at these specific rates, which give risk-free arbitrage profit.

I use Forex arbitrage calculator for this. and my target depend from day to day. sometimes we get many opportunities while sometime very less. Also i prefer currency trading and futures as they are more rewarding that arbitrage

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