I really need to supplement my income to make my life better and or not have to worry about the next meal or where, or when it's coming. I want something completely legitimate, No BS! I just want to know if anyone is making legit money online, or is all of it a giant hoax. I don't want to have to go on social services if I don't have to.

Answer
Yes there are people making money online. It depends on how much you have to start with. The easiest way is getting paid for doing surveys. You pretty much get paid within 2 weeks of starting and it doesn't cost you a cent to get started. A friend of mine does this and earns around $50 - $100 a week.
To find out more do a google search for Paid surveys

The next thing is affiliate marketing. If there is something you are passionate about or don't the time or money to spend on your own website then this is the next best thing. You basically resell already made products or services on the web. The downside is that it can take a while until you start seeing the money come in and it can cost a little bit to get started.
A good place to start is www.clickbank.com

Another idea is buying and reselling goods on eBay. First find a product that is in relative demand and purchase it in bulk. Then, resell it online. I have a few friends that do this and make quite a nice dollar from it. The downside is you need some capital to get started.

Another idea is creating your own website and put ads on it. Allot of people do make money this way. Find out what you are passionate about and design a site around it. The downside is you will need to either develop it on your own or pay some one to do it for you.

The last idea I know is Stock and Forex trading. I know of people that make a living doing this online. With Forex you don't need much money to start, possibly around $1000 and can make some nice returns. The downside is that it is very risky if you don't know what you are doing. You will need to study and practice online for at least 6 months or until you are confident before risking any money. You can also lose it all if you make the wrong choices. Its all about the education.
The best place to start learning for FREE is www.babypips.com

There are allot of scams out there so be careful. The information and links here are from ideas and places that have made money for myself or people I know. I have sold on eBay as well as invested in Forex and made money.

Anyone know where I can buy up to date foreign currency?

I am looking for a website, maybe like a site where you can trade currencies or something.
I am looking to buy paper and coin currency like Euros etc, not trade like stocks and stuff.

Answer
look at forex.com. its an affiliate program.

Answer
What is "zigzag currency pair"?
If you are talking about the pair that moves or fluctuates the most, it is the GBP/USD.
If you would like to know more about how you can invest in and trade the forex market, click on http://www.4xmoneytrain.com

I want to play commodities or Forex but I don't want to deal with a broker...Shouldn't there be something like this on the market?
please give me any tickers or names of institutions that offer these.

Answer
Get best forex tips and forex product reviews here :

http://www.asdiary.com/category/forex

Free and good content

How do I get funds tranfer from UK when my bank branch do not have forex facility?

I need to get funds from UK and SBI bank branch (in which I have account) do not have forex facility (therefore do not have IBAN/BIC code). Can it be possible to get funds transferred to other branch (which has forex facility) and then transfer from one branch to another?

Answer
I would suggest that you use a currency exchange specialist. You would transfer the money to them, they would do the currency transfer for you and then transfer the money on to your destination account.

Companies I would suggest

This is a site with reviews of the some of the UK's top currency exchange sites.

http://www.currency-exchange-reviews.com/foreign-currency-exchange.html

Foreign Exchange Companies

www.voltrexfx.com
www.currenciesdirect.com

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!

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 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.

How are currency exchange rates calculated?

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.

My financial adviser recently suggest a fund that annually returns 10% It has a morning star rating of 5 stars and has a good overall look do you think that I should invest in the fund. What is another good investment and I don't touch forex trading

Answer
If you read the fine print on any mutual fund prospectus, you will find there that "previous performance is not a guarantee for future results" or something that sounds like that.

Did your financial advisor disclose that they are going to get commissions if you bought into this 10% mutual fund investment? Some CFA's who charge upfront fees will still get commissions from the mutual funds or other investments that they sell. In some investments that these CFA's sell, they get ongoing commissions, year after year. Now who pays for these--the mutual fund, or you? You should be clear about this with them to rule out possible conflict of interest.

10% is pretty average (lame, IMO) return for a mutual fund. You need to ask if, considering the recent stock market situation, if this 10% return still exists. Some mutual funds do not update their funds' performance until after a given period of time.

You mentioned that Morning star rated this fund as 5 stars and has good overall outlook. What does this mean? Good overall outlook based on what? compared to what? Compared to a standard benchmark, how did the fund perform? Factoring in all fees that you, the investor will incur, what will be your expected returns?

What type of investments does the fund invest in? There are several fixed income securities that you can invest that pays 10%.

If you were to invest like everyone else, then the returns you will get will not fare better than every one else.

Good luck!

Why does a savings glut lower interest rates?

With increased savings rather than investment, how does this lower interest rates?

I always though interest rates were set by the central bank (Bank of England or FED etc)?
Thanks financegal27, that was a good answer for part of the question. Though, I was asking the question more so in the context of the âglobal savings glutâ (particularly in China), and how this led to very low interest rates in the West and low corporate borrowing costs?

Answer
Interest rates are global, you can arbitrage them through the Forex exchange Market.

Saving glut means that the amount of savings increases compared to the amount of investments they can finance.

The interest rate being the price of investment and savings when supply increase faster thhan demand the "price", lon-term interest rates goes down.

That increase in the fall of interest rate has been called the Greenspan Conundrum and os the cause of the economic crisis and of Keynes's Liquidity Trap.

"There is little doubt that, with the breakup of the Soviet Union and the integration of China and India into the global trading market,
more of the world's productive capacity is being tapped to satisfy global demands for goods and services.

Concurrently, greater integration of financial markets has meant that a larger share of the world's pool of savings
is being deployed in cross-border financing of investment.

The favourable inflation performance across a broad range of countries resulting from enlarged global goods,
services and financial capacity has doubtless contributed to expectations of lower inflation in the years ahead and lower inflation risk premiums.

But none of this is new and hence it is difficult to attribute the long-term interest rate declines of the last nine months
to glacially increasing globalization.For the moment, the broadly unanticipated behavior of world bond markets remains a conundrum.

Bond price movements may be a short-term aberration,
but it will be some time before we are able to better judge the forces underlying recent experience."

Chairman Alan Greenspan
Federal Reserve Board's semiannual Monetary Policy Report to the Congress.
Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate.
February 16, 2005

"The third major uncertainty in the economic outlook relates to the behavior of long-term interest rates. The yield on ten-year Treasury notes, currently near 4-1/4 percent, is about 50 basis points below its level of late spring 2004. Moreover, even after the recent widening of credit risk spreads, yields for both investment-grade and less-than-investment-grade corporate bonds have declined even more than those on Treasury notes over the same period.

This decline in long-term rates has occurred against the backdrop of generally firm U.S. economic growth, a continued boost to inflation from higher energy prices, and fiscal pressures associated with the fast approaching retirement of the baby-boom generation.

The drop in long-term rates is especially surprising given the increase in the federal funds rate over the same period.
Such a pattern is clearly without precedent in our recent experience.

The unusual behavior of long-term interest rates first became apparent last year. In May and June of 2004, with a tightening of monetary policy by the Federal Reserve widely expected, market participants built large short positions in long-term debt instruments in anticipation of the increase in bond yields that has been historically associated with an initial rise in the federal funds rate.

Accordingly, yields on ten-year Treasury notes rose during the spring of last year about 1 percentage point. But by summer,
pressures emerged in the marketplace that drove long-term rates back down. In March of this year, long-term rates once again began to rise,
but like last year,market forces came into play to make those increases short lived.

Considerable debate remains among analysts as to the nature of those market forces.

Whatever those forces are, they are surely global, because the decline in long-term interest rates in the past year
is even more pronounced in major foreign financial markets than in the United States.

Two distinct but overlapping developments appear to be at work: a longer-term trend decline in bond yields and an acceleration of that trend of late.
Both developments are particularly evident in the interest rate applying to the one-year period ending ten years from today that can be inferred from the U.S. Treasury yield curve. In 1994, that so-called forward rate exceeded 8 percent. By mid-2004, it had declined to about 6-1/2 percent--an easing of about 15 basis points per year on average. Over the past year,that drop steepened, and the forward rate fell 130 basis points to less than 5 percent.

Some, but not all, of the decade-long trend decline in that forward yield can be ascribed to expectations of lower inflation, a reduced risk premium resulting from less inflation volatility, and a smaller real term premium that seems due to a moderation of the business cycle over the past few decades. This decline in inflation expectations and risk premiums is a signal development. As I noted in my testimony before this Committee in February, the effective productive capacity of the global economy has substantially increased, in part because of the breakup of the Soviet Union and the integration of China and

Is it not allowed to ask about forex robot? I'm not sure I asked twice and I really needed answer but they got deleted just after I submitted the question? Nothing like that is mentioned in community guidelines though??? WHY? WHY? WHY?

Answer
I'm not sure why your question was deleted, but can offer some insight as to why it wasn't answered.

It's sort of an offensive question that makes an offensive statement. It presumes there are robots out there that consistently make money, while the truth is that most of them don't stick around long enough for a decent track record.

It is offensive because it plays into the get-rich-quick-schemes that dupe newbies into trying something they know nothing about in hopes of becoming rich.

It is offensive because robots are curve-fitted to historical data and back-tested to fit past data, like that means something significant, but a newbie has no idea they are being duped.

Because of the high leverage of forex, any small success can show huge profits, further duping the newbie to try it, while the newbie has no idea that high leverage is the main killer of newbies in forex. Again, the forex robot pushers portray something that is the exact opposite of what is.

It is offensive because newbies have no idea that forex is one of the most difficult markets to trade, that requires the most extensive knowledge and experience, yet is portrayed as simple with a robot.

It is offensive because trading, in general, takes years to learn, regardless of the market (but longer in an advanced market like forex), and a robot promises instant riches without any knowledge or experience.

It's offensive because, in a nutshell, it's a sucker's bet.

Nobody answered your questions because there's no way to answer without negative connotation, and nobody wants to be the bearer of bad news; we sometimes get shot at for trying to reveal something remotely resembling the truth, rather than playing along with a feel-good fantasy.

There are short-time robots, but not many that last. Why would you sell something that makes a lot of money?

Does anyone know about some of the Forex robots and if any are worth using to trade currencies?

Has anyone had experience using the Forex robots that are available and are there any you would recommend? How successful have they been from a return standpoint?

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.

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.

Spreads surging, EA's allowed or looked down upon, dealing desk messing with trades, taking stops out, re-quotes.
What is the deal? Please give me the truth on all this.
Just so I can decide if I want to do it anymore or not.
What really goes on on the other side of the MT4 ?
Any input is appreciated and your identity is stealth
Come on guys...answer up...
Let's get the real story !!!

Answer
After some information gathering, I have a feeling every forex broker is evil since we have conflicting interests. They trade against us. They wish us to lose. They make many fabrications in order to deceive you, and so on.

list all the reasons why the claim is valid

False Advertising & Fabrications: - "No commissions" is plainly deceiving
Brokers deceive you about there being no commissions. $30 minimum/round turn (called the spread) is in reality a commission that eats up your capital at an astonishing rate. Even winning traders lose money and end up with negative results because of this outlandish overhead. Trading futures, you should never have to pay a broker more than $10/round turn, and usually quite a bit less than that.

- The truth about guaranteed fills: True but¡K The only way a broker can guarantee fills is for the broker to become the buyer or seller of last resort. That means the broker is running a bucket shop. All forex brokers are the buyer and seller of last resort.

- Lying about the volume: Brokers do not tell the truth about volume. They show the volume for all forex trading, which doesn't even come close to the volume they truly have at their own brokerage, which is where you are trading. Volume in currency futures is considerably higher than the volume traded at any single forex broker, often greater by a factor of ten.

Defraud of your money

- Leaning: Brokers say they are charging you a 3 pip spread to trade the popular currency pairs. But in reality a broker may be making as much or more than 10 pips on your trades. He does this by skewing prices. Since you are not trading at an exchange, the broker can feed you any price he wants to feed you. He can buy at the bank for perhaps 7 pips less than he sells to you. He then charges you 3 pips for the privilege of being ripped off for a total of 10 pips.

- Skewing price quotation
What is the true price? A forex broker can only give you the price of a currency as quoted to him by the bank through which he trades. Banks have differing prices for a currency. You never know what the real price is because there is no central exchange through which all prices flow. Besides not knowing the true price from the bank, you can also be deceived by "leaning" or "skewing" of the real price at the bank. Forex brokers commonly lean the prices.

- Immoral Stop Running/Hunting
You are told by forex brokers that there is little or no stop running. This is one of their biggest and boldest fabrications. The truth is there is far more stop running in forex than in futures, and possibly as much stop running as in the stock market. I have friends who work in forex as well as many traders who of necessity have to trade forex. One of my students is a market maker in forex. These are people who should know, but in case you don't want to believe me or them, simple observation of forex trading will reveal the vast amount of stop running that takes place there. Who is it that runs the stops? Why it is your friendly forex broker. The broker has a vested interest in seeing to it that your orders are filled. Stop running is nothing more than order filling. The broker sees to it that everybody's order gets filled.

- Wipe you out by "false" spike: Sometimes, there's very quick spike in candlestick on a broker's chart, but there is nothing happening on the others' chart. A stop-loss is triggered simply due to that suspicious spike.

- ban you if you can win their money: Probably you have heard that if you are winning regularly in forex, you may be barred from trading. Is this true? Yes it is. The fact that it is true is just another proof that when you trade forex you are trading at a bucket shop. In the book, "Reminiscences of a Stock Operator," we are told that Jesse Livermore was banned from trading at certain stock brokers because they couldn't stand him beating the house. The same thing is true with many forex brokers. Since they are the ones guaranteeing you a fill, they are in effect the buyer and seller of last resort. The truth is that most forex brokers have precious little liquidity at their firms. In order to give you the impression that there is liquidity, it is the broker who gives you your fill. It is the broker who does the stop running that supposedly doesn't exist in forex. But if you are regularly beating the socks off the broker, he will ban you from trading at his firm.

Potential Danger about Forex Brokerage Firms
- Unregulated: Forex may sound like an exchange but it isn't. It exists entirely in cyberspace with every broker and every bank having different prices for any particular currency. There is little or no regulation, even for brokers who register with the CFTC and the NFA. Forex brokers do not have to mark to market each day as do futures brokers. If your forex broker files for bankruptcy or absconds with your money you have zero recourse.

- No guarantee: If

How can I get started with Forex Trading/ What sites are legit?

Hello, so i have been trying to figure some ways I can start making money online and I have looked for a while and I know it takes work but one thing i was interested in was something I found called forex trading, however I have not been able to find a clear guide on where to get started and what sites are legit, please help I just want a steady income online , not big bucks or anything

Answer
There are many free resources such as articles, ebooks, website...etc on internet.

These are some basics you should know before you trade:
- how does forex trading work?
- what are the major currencies and different sessions (e.g. EUR/USD, London, New York, Tokyo, Sydney sessions)
- how to read quotes/charts (e.g. buy/sell, candlestick...etc)
- learn technical analysis (e.g. moving average, MACD....etc) or fundamental analysis (e.g. news...etc)

then
- choose a broker and open a demo account (there are many brokers out there and most of them provide free demo account)
- keep learning and trading demo until you find a strategy that suits you and can make profits constantly.
- open a real account with real money.

To be a successful trader, these things are very important:
- mindset
- money management
- find a strategy that suits you
- have a trading plan and follow it

There are too much to mention here. Feel free to visit the website provided or contact me if you have any question. I am more than happy to help.

Okey..recently I have started forex trading-foreign exchange trading. Iâm a newbie here and struggling a lot. The main problem is to be updated with the current rate of exchange for different countries. I trying to find a site where I can get detailed updated news and exchange rates.
Plz help me in this matter.

Answer
You're donating money to huge banks because they have enormous advantages over a small trader:

- Vastly more experience
- Far more data
- Faster systems
- Software that has taken years to develop

The small investor has no chance in forex. No website is going to change that no matter what absurd promises they make to you.

Be very cautious of any forex links. MANY scams try to advertise on Yahoo Answers.

Are there any good FOREX Trading Schools out there?

I just started reading up on FOREX Trading yesterday and I am very interested in learning it. Are there any good schools that specialize in teaching it from basics all the way up (not online schools), and where I can earn a certificate or some sort of paper from it?

Answer
I've read a lot about Forex, but I've never heard of a good Forex trading course, or 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. 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.

In 6 months, how much can I win ?
Who is Midnight ?

And which nick belongs to someone ?
All nicks are free for using, they are not trademark....

Answer
Well....a couple of things you need to think about. "Earning big money very fast" is known by most people as gambling. If that is your objective with the Forex market I would strongly recommend that you look elsewhere. Like maybe....Las Vegas.

Now if you want to generate attractive returns on a consistent basis as part of a long term investment strategy....I can be of help.

First, I must caution you that any market that can generate high returns also involves high risk. You should never invest money that you cannot afford to lose in the Forex market. That being said there are conservative hedging strategies that can greatly reduce those risks.

If you were to earn 8% return per month, you would double your 5000Euros every 9 months. (9 mos - 10,000euros, 18 mos - 20,000euros, 36 months - 80,000euros). There are conservative Forex strategies with which you could consistently average over 8% per month. If you were to earn 12% per month you would double your money every 6 months (growing an initial 5000Euros to 320,000Euros in 36 months)

You have a much better chance of success by taking a conservative long term view than looking for an immediate big time win!

What is the simplest/ most effective hedging strategy in forex trading?

Answer
There are Forex options, but you are delving into a complex and dangerous world of unknowns too difficult to explain here.

A hedging strategy is essentially a method to reduce risk. Have you considered other strategies to reduce risk, that don't cost you anything or open new positions or cause greater overhead and more maintenance?

One such strategy involves not leveraging a futures position to begin with. I trade Forex and other futures for living, and rarely do I see people that understand fully the significance of leverage.

You can buy $100,000 worth of currency with $1,000 margin in a standard account. This would be the purchase of one standard lot, at 100:1 leverage. Or you can get 200:1 leverage in a mini account. Wo, how much trouble can we get into now?

Just because you "can" doesn't mean you "should" trade with this kind of leverage. Trading stocks with 2:1 leverage is considered risky.

What most people don't seem to realize, is that you don't have to trade with leverage at all. Just put $100,00 in your account, buy one lot, and you have zero leverage. Or put $10,000 into a mini account and buy one mini-lot, or $1000 and buy one micro-lot.

You can see that by controlling leverage, trading the Forex doesn't have to be any more risky than trading stocks or any other investment.

The same holds true with all or any futures contract. You decide how much leverage to use, and how much risk to accept.

You can accept the maximum leverage like most people looking to "get rich quick," and blow out like 80%-90% of all traders, or you can play it smart and ease into it slowly, starting with a simulator while you're learning, probably for at least six months.

There is no need to hedge a currency position any more than there is any need to hedge a stock position, if you control the leverage.

I am disabled, and cant work at this time, I am looking for reputable website that offers data entry or other forms of jobs, that can be done at home. I would be greatful to anyone with some good advice

Thank you

Answer
Why don't you trade forex
i earn pretty much from there

How much can you make Forex Trading and how much do you risk?

how well the known systems work in Forex trading (carry trade,...) and how much do you risk applying them, and for how long?

Answer
Traditional trading of stocks on margin at 2:1 leverage is considered risky. Forex is leveraged at 100:1 and even 200:1 but few people take the time to understand this and simply focus on potential profits. All beginners focus on all the wrong things like "How much can you make?"

How much do you risk? Beginners risk their entire account and their house every time they put on a trade. How long? minutes. A leveraged position is almost impossible to hold more than an hour by anyone less than an astute trader. Most people don't have a clue what a trader is or does, but it takes many years to become an astute trader. There are no shortcuts. Most people think that if they work harder and learn more, they will eventually become successful at trading like they would any other conventional "job"; not true. Most very smart, hard-working people lose money trading.

Factoid: 90% of traders lose money, regardless of what they trade.

The carry trade is generally done only by institutions with millions of dollars to invest and need a place to park those millions.

Known systems? You mean that make money consistently? Myth.

Answer
You're going to have to be more specific. What's the most important thing about building a house? We could go on forever.

The most important thing people tend to overlook is the use of leverage. I don't know of any other market with 200:1 leverage.

Trading stocks on margin at 2:1 leverage is considered risky, and stock index futures at 20:1 is extremely risky. How much trouble can you get into with 200:1 trading currencies?

Just because you can, doesn't mean you should trade with huge leverage. Depositing $100,000 and trading one contract would be no leverage, or $10,000 and one mini contract.

Trade the simulator first, and when you start making virtual money, then risk you own.

Forex simulator:
http://www.expertworx.com/pm/Forex%20Market%20Educational%20Game.htm

http://www.premieretradeai.com/

http://www.forextv.com/FT/Video.jsp?channel=41

http://umgarticles.atspace.com/forex-trading.htm

http://www.fxstreet.com/rates-charts/usdollar-index/

http://forex.tradingcharts.com/

http://www.dailyfx.com

http://www.forexbastards.com

http://www.forex-options.com/

http://4xcampus.com/

Here is the broker I use:
http://fxdd.com/

-------------------------

Learn By Hands On Forex Trading: Demo Accounts Vs Mini Accounts

By Amber Lowery

If you are new to Forex, you are likely overwhelmed by the sheer amount of information you are finding about currency trading. Although the concept of trading the currency markets is simple to understand, the actual trading methodologies and understanding of how, why and when trades are executed can be hard concepts to grasp and fully understand. If you aren't aware by now, forex trading is not without substantial risks.

There are several schools of thought on how a new trader should progress from learning to actual live trading. In this article we will discuss the best ways for a new trader to learn how to trade the forex and make their first live trades.

To start out, I can not stress enough the need for hands on trading. This is why you will often hear it recommended that new traders start trading with a demo account. What is a demo account? Many online forex brokers offer something known as a "demo account" which is a fake account that you can trade until you feel comfortable trading your own funds. Demo accounts behave just like real accounts, the only difference is that the money you are trading is not real and no actual trades are ever executed.

The purpose of using a demo account if you are new to Forex trading is to get you comfortable making trades and to help you become familiar with the brokers trading platform. You can cut your proverbial teeth so to speak without risking any of your own funds. This makes demo accounts good for a brand new trader who just wants to see how trading works. There are some drawbacks however to using demo accounts to learn Forex trading.

The biggest downside to using a demo account is that you will likely only be able to trade standard size accounts with a demo account. If you intend to trade mini accounts, as many beginning forex traders do, a standard size demo account is going to behave differently than a mini account. Your margins are very different for a standard account versus a mini account. If you become accustomed to trading a standard size account, your trading methodologies will show it. This is because the larger margins offered on standard size accounts allow you to take greater profits from smaller movements in currency prices.

The other major downside to trading with a demo account for learning forex is that as a trader, you need to carefully manage the emotional aspects of trading real money. Since a demo account is fake money, detachment is easy to come by. Once you start trading your actual funds, you might just find that your tolerance for risk is much more conservative. Ideally, as you are learning to trade you are also learning how to manage your risks most effectively.

So what is a beginning trader to do? What is the best way to learn to trade the Forex, hands on?

Once you have read, studied, and completed any courses on Forex trading that you may be taking, you are ready for probationary live trading. The single best way to trade the Forex is to just Do it. Now, this does not mean to jump in and trade a full size account with real money, this would be an enormous risk for a new trader and not a very smart move indeed. What you can do is to find a broker that offers mini accounts. Mini accounts typically start at $200 and typically give you 100:1 leverage. That said, as of this writing, there is one broker (Easy-Forex) that allows you to trade a live mini account for as little as $25.

For less than you paid for any of your books, courses or training materials, you can actually try live trading. You will be amazed at how after just a few trades, the stubborn concepts seem to start making sense and you begin to understand Forex trading.

Now, if you do decide to begin your trading with one of these tiny mini accounts, you should start by making several very small trades. You should also be trading with the same system or methodology that you are trying to perfect. Your profits will likely only be a few dollars since you are trading on a small margin. This is good, however because the reverse is true as well, you are only ever risking a few real dollars. If you happen to have a series of loosing trades and wipe out the funds in your demo account, you can consider it the least expensive education you could possibly get in actual forex trading. Much better than loosing large sums of funds, and more realistic than trading a demo account. Just learn from the experience, and consider it a good deal on a valuable lesson.

Once you are comfortable trading your mini account, you can always have it converted to a regular account (with an additional deposit) if you choose. Overall, it cant be stressed enough, the best way to learn the Forex is to have experience with live hands on trading. This article showed you ways that you can do this at a minimal cost and with the smallest amount of risk.

Stock market vs Forex what recommended for beginners and why ?

hi all
i want to know what exactly are the advantages and disadvantages of each market In relation to the other market .

so a beginner like me who only has few 1000s' dollars ( 5000$ - 6000$ something in between ) do you recommend me to learn and invest my money in forex or stock market ?

Or maybe just any good third option :)

thanks

Answer
Hi Alex,

First of all, let me tell you that the two markets have different kind of style. Yet, they are very risky venture to conduct by newcomers who do not have all the necessary things like the knowledge, education, tools and experience. So, it is not recommended for anyone who still new in these two types of business to just make some deposit and trade. There are steps you should know and take before you can be sure that you will be succeed in this paper money investment business.

So, the difference between those two markets are as described below;

The Stock Market,
Advantages of doing stock trading is that we can focus to rumors and news more deeply before the technical analysis. It is because doing stock trading means that you are trading on the rise or fall of one particular company. So, it is more focus and you can be more focus on following that company's progress rather than to have moving from one company to the other trying to look for the best candidate that you think will make significant progress after sometimes.

Disadvantages of doing stock trading is quite many I'd say, First, you have to conduct your research of one particular company and you have to do this very deeply. You want to know how much is their starting capital, what kind of products they make, what steps they've taken to promote their company and products, how many people involved in that company, what about their competition etc. The research is extensively long and it is required deep thoughts and experiences in learning about some or new company that just been listed in the stock market. And also, they are traded on office hours only. The brokers will charge you with quite commissions whenever you make trades and the amount of capital needed to start this venture is usually too big for ordinary person like me. So, in short, stock trading is not my kind of investment.

The Forex Market,
Advantages, We can make quite small deposit to participate in the currency markets. Since many brokers nowadays are offering us with micro accounts so I think it will be worth a while to try to do live trading activity with such small account for practice purpose. And this markets open 24/7, so this means that we can trade this anytime we like and we can adjust our time to trade where ever we are right now. We could also get quite nice leverage, which in the States, the max leverage we can use now is 1:50 this number just been regulated by the NFA not too long ago. And also, since the Forex brokerage business is so fierce these days, we can take more advantages from brokers by getting their sophisticate trading platform that we can use for free.

Disadvantages
Because the currency market is so wide and huge, it is hard to keep up with all the pairs. And this could be very dangerous too because the currency price is moved by market sentiment, rumors, fundamental, political issue of particular country and events that may or presently taking place in one of those particular countries. What I mean is that the currency market is so dynamic, it can turn 180 degree in a sudden without warning from any news releases or something. Just a slight bit of political news, for instance, could change the whole analysis of the pairs.

Good luck

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
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. 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.

Suggest only if you have personal experiance with said advisor. Thank you.

Answer
Hi bob,

I have tried numerous Forex Expert Advisors but to no success except for this two EAs that has so far produced consistent monthly profits for me. They are Fap Turbo and Forex MegaDroid.

However, do not expect to double your capital every month like what they said. This is because, i am currently using them and my capital don't double every month. But getting return on investment (ROI) of around 20% to 80% per month is possible. Don't expect to win everytime as there are times of losses (you just have to stick it through). However in the long run, you should be able to see your account size grow.

I run both of them with different brokers and it's been great so far. Hope this is useful to you.

To Your Trading Success,

Thomas

Forex: Expert Adviser For Free to use with MetaTrader 4?

I want to have an expert adviser for free to use with software Meta Trader 4. I want the expert adviser to automatically send e-mail signals to my inbox to execute orders. Is it possible?

Answer
Okay well unfortunately I don't know any free systems however there are plenty of ones which you can buy for about $100 that do this job.

You can see a number of them here - http://www.forexfastforward.com/forex_trading_systems.html

The thing is with FX is that the amount of money you make is greatly dependant on the system you use (the thing that says when to trade). If you have a great system, you can expect to make a decent amount of money.

Obviously, there will be losing trades but rule of thumb is that the better the system, the more money you make. With this in mind, I would highly recommend you stay away from "free" systems because you A) don't know who made them and B) don't know if they are going to make you any money.

Sure, there are scams out there and there are a lot in the FX market... however, the reviews of the systems here: http://www.forexfastforward.com/forex_trading_systems.html are all of FX systems which are working for other people.

Hope this helps?

i want to know where i have to registar to build my own forex site then from where i have to buy MT4 Platform and how much money is monthly cost to build a new forex site?

Answer
To build the site you would need a domain (basically a name of website), you can go to godaddy.com and buy a name (will cost you 10-15 USD per year)

Then a hosting company which will host your webpages ($10-$15 per month)

What website is the best to practice Forex trading?

I'm interested in learning about Forex trading. What website would you recommend to practice and learn how to do it?

Answer
Try fxcm.com, Practice accounts, training, 24/7 support, and Micro accounts with trading down to $50 up to $100K per trade.

Looks easier than it is

Does anybody knows a website that provide free historical daily gold prices (London or NY), in format of Date, Open Price, High,Low,Close?
I checked Kitco but they don't publish that detailed data.

Answer
you could try http://www.netdania.com . it is a forex data feed but if im not mistaken, they also have Gold and Silver price. You must sign up (its totaly free) and install Java in your computer in order to use the chart. once youve singed up - Log in, click on "chart station" on the left menu and click "try demo".

You can also try http://www.barchart.com but this website is not interactive and the charts are only updated at the end of the day.

Gold price in dubai and allowed weight to carry?

Thank you very much for your help.
I have one more question, is it cheap to carry gold to india, since gold prices are very high these days in India. Does anyone know about the prices And how much can you take with you ?

Answer
The gold price itself is the same internationally.
http://www.khaleejtimes.com/forex.asp

In Dubai you are just not paying any tax. Indian custom rules: http://www.immihelp.com/nri/india/travel/import.html

I am interested in learning this however there are so many different options to choose from. I would like to know what works and what are you opinions.

Answer
No.

The reason is simple: No serious vendor would offer Forex Trading Systems.

Here's why:

Though they call it the "Foreign Exchange" there is no exchange. Prices are NOT regulated or standardized as they are in the futures markets. In fact, when trading Forex you are trading against the broker and not against other traders.That's why they can "guarantee fills".

You are trading against the house, and the broker takes the other side of the trade. Keep in mind that you receive the forex quotes from your broker, and he can basically display any price.

Take a look at the following Forex quotes. All three screenshots were takes on Tuesday, March 21st at 3:30pm US Central Time.
I used three different websites to obtain the quotes:
** (I can't post graphics here. Please visit http://rockwelltrading.helpserve.com/index.php?_m=knowledgebase&_a=viewarticle&kbarticleid=42&nav=0 to see the graphics).**

Take a look at today's high of the USD/EUR currency pair:

* The first data source reports it at 1.2164.
* The second dat source shows 1.21595 and
* The third data source reports a high of 1.2166

That's a difference of 6.5 ticks (= $65!!!).

As you know, all indicators and trading rules are based on the following five data:

* Open,
* High,
* Low,
* Close
* Volume

There is no volume information available when trading Forex, so you're already limited when creating a trading system.
And then there's the difference between the data sources, which causes the following problems:

* False Signals
If your trading system is based on the high of the previous day, you would have to enter the market tomorrow at
.... uhm.... 1.2164? ..... or 1.21595? ..... or 1.2166? ..... or maybe something completely different?
* False Fills
Let's say your trading system gave you a signal to enter the market today at 1.2160.
If you'd be using broker No.2 you would have been filled, but what about Broker 1 and 3?
Probably no fill there.

Do you see the problem?

How can a serious vendor offer a trading system, if you get false signals and false fills?

What are the Best Forex Trading Platforms?

Q. There are so many, what are the best Forex Trading Platforms, particularly for a new trader?

Answer
I've posted this before, but I think this applies here.

Choosing a great trading platform is an important step in Forex Trading. A good one should offer the following:

Easy to Use
The software you use should be easy to understand and it shouldn't take a long time work-You should be able to trade right away. If it's too complicated to even start, how will you be able to use it to trade regularly!?

Real Time Quotes
Because Forex Trading is done 24 hours a day, and you need to have live quotes. Live quotes give you control of your money and you can check on it whenever.

Trading Rates
The software should have a freeze option when you decide to buy or sell.

Your Part
Do not be greedy! Before you start, figure out how much money you want to invest, and stick to it-Do Not Go Over!
Trading is not a 'get rich quick' deal. Just like starting any new job, trading takes time to learn and involves risk and loss, but can potentially be a great source of income-once it's mastered.

I would recommend:

http://userfriendlyforex.com