i want to know a proven strategy for forex trading (swing or long time) and will appreciate if it's from a pro trader.
thanks

Answer
www.FXCM.com

http://www.babypips.com/

Here is a couple good videos to watch,

http://www.forex.com/forex-seminars-developing-listen.html

http://www.forex.com/forex-seminars-developing2-listen.html

Here is a squido site for fxbootcamp that has several good video, if youll take the time to watch these you can learn a lot.

http://www.squidoo.com/fxbootcamp/

I like Oanda for a starting broker because you can trade with as little as 1 cent a pip on the line, of course youll only be making 1 cent a pip. then as you improve you can step it up a penny or a dime or what ever.
The only bad thing about them is 50:1 leverage and there spread gets very wide during news times.

I also agree with babypips good site.

a short but very good ebook
http://www.robbooker.com/books/Strategy10.pdf

Here is a good site to learn about the indicators. Just look all over it.

http://www.investopedia.com/university/movingaverage/default.asp

Use Oanda as a demo account. It doesn't expire so you will have as long as you need to practice.
http://fxgame.oanda.com

check out this guy: http://www.robbooker.com/

What Is The Best Forex Trading Strategy?

I am in complete information overload and looking to find recommendations from experienced traders.
Please do answer, I am looking forward to some pro Forex traders. If you are trading Forex for a living it would be awesome to here your advice. Please help and give good info.

Answer
I can really relate to you as this reminds me of the time when
I started Forex Trading. See, Forex Trading is not all it is cracked up
to be.
All the brokers are advertising this quick money making skim,
open an account with $50 and make big money and other stuff that's
not true.
My advice is to find a good Forex forum or group that teaches
Forex newbies. I know a lot of people that are Forex indicators
worshipers, but I don't pay much attention to all that hype.
Most of the times indicators are just used by the broker as a
training tool or just to fill up their Forex training section.
In reality most of the indicators are lugging and are not
timely on the market.
Your Forex broker loves them as the indicators make you
pretty predictable. For example let's say the Forex broker is
propagating a indicator. This indicator is calling for buying
or selling when such and such lines are crossing. The indicator
is also calling shorts when the lines are crossing backwards.
This makes you very predictable and helps the broker to
execute in the opposite direction.
By the way it is not a secret, that the broker sits on the opposite
side of your trade, especially if the broker is not a ECN broker
and is not a price maker.
Forex Market is huge, but for a retail Forex Trader like yourself,
the market is only as big as your broker.
One more thing to be very careful is not to trade the news.
A lot of those Scam Forex Brokers are widening the spread
during news times. You will be surprised, but some of them
are going as far as 90pips spread. See, the broker looses
control during the news trading due to very high volumes
and the only way to control is to take you out of the game
with a wide spread.
I have even seen my stops taken before my entry, now that's
a roller coaster Forex.
The best Forex trading strategy for me is a Price Action Forex
strategy. Forex Support and Resistance strategy, Fibonacci Forex
strategy, Big Numbers Areas Forex Strategy.
For a Forex newbie, since I get asked a lot, I have found this
program to be pretty effective.
In any case take all the advice you can and good luck with your
Forex trading.

which is better for investment .. stock market or forex ?

why stock market is the most famous and common market while forex is way huge in terms of volume ?

explain to me the bros and cons of each of them , especially for begginners investors

Answer
Forex is *not* investing - it is speculating - and you should not do anything with your money until you know the difference.

Forex Online Trading Vs Stock Exchange?

What is better for Investment and to make quick Profit ?

Answer
Both aren't proper to make quick profit. In Forex market you won't make a profit at all, while in stock market you could but over long term, not quickly.

i want 1 live streaming forex rates application for my 2 mobiles, 1 spice QT 66 and micromax 550 cube? please can any one help me?

Answer
If your mobile's browser has javascript you might be able to use this:
http://www.fxstreet.com/rates-charts/forex-rates/

If you need Rupee rates this place may stream them:
http://www.indianrupeerate.com/index.php

I haven't checked IndiaRupeeRate on a weekday in a while, but these used to be live rates offered by that outfit. They have a wider spread than a spot market forex dealer would.


You could try getting a demo account at oanda, but I don't think they have apps for your phones.
They have mobile apps for android and iPhone.
http://www.oanda.com/mobile/

Is there any MOBILE application which provides LIVE FOREX RATES?

Q. I need metal rates tooo!

Answer
Yes dude

here you go...http://www.fonofx.com

you have live forex rates, metal rates and many more.

download for free http://m.fonofx.com

Cheers!!!

Q.

Answer
First you need to take a basic course in Forex trading. This information is free online. No one can give you a comprehensive explanation on reading the forex charts here. There are three websites I have found to be helpful in studying the basics of forex online.
1. www.babypips.com
2. www.forexprofitsignals.com

Number 1 will give you a basic free education on forex
to get you started with a demo and even live account.

Website number 2 will show you a very simple way to start
making money on the forex market today. Get through the
course in website number 1, open a demo account. Get the information from website number 2 and you will be on your
way to make money on forex. Don't be afraid. Fear is the key
to lose money in Forex. If you just do what you see in website
number 2, after completing your course from website no.1,
you will become successful intrading the forex market.

Goodluck

Can you tell me about Forex and currency trading?

I really should get more educated before I decide if I would like to do this. Basically if you could give me a brief overview of currencty trading. Also, how much would I need to have in my forex account to actually make it worth the time and effort of trading and to be able to make any money? I'm a college student so a couple hundred bucks is probably all I could put in adn that's even stretching it a little.

Answer
Currency trading is risky business, but you can make money with it. You just need to trade smart.

Before you start trading, you should learn as much about forex as you can to prepare adequately. Many websites will advise you to trade with leverage to increase your profit. Leverage is ratio between lended capital and invested capital. For example if brokers offers you leverage of 100:1, it means that if you invest $100 you will be able to trade with $10.000. While leverage can bring you higher profits, you can also lose all your invested money very quickly.

Most brokers have automated systems that can issue a stop order to some trades to protect their interests, so you can never lose more than what you invested, but it is also possible that some brokers don't have these systems and in that case you can be responsible for losses that outweight your investment. That is why you should always read brokers margin agreement.

My advise is that you ALWAYS trade with leverage 1:1 and NEVER trade beyond 10:1, no matter how good you become at trades. People who make money with forex never trade with more leverage than 10:1.

Also as a beginner, you can use some trading platform like Metatrader 4 that offers demo account with virtual money. It allows you to try out forex trading without any risk and that way you can see whether you can make money on forex or not.

Just remember greed is your enemy No.1. Also don't expect high profits with forex. People who make money on forex are doing it slowly. If you expect a return of 200% within a week, or month, than forget it and try something else.

my friend introduce me to this company forex macro and told me about investing in it. well i done my own research and found that there are people who are please and made some profit while there are some websites which declare it a scam. my friend invested 3000 dollars and on his account it shows profit of 21 dollars per day. i only invested 200 dollars and i'm getting 93 cents per day with the fixed plan just to taste the waters. i want to know of people who actually invested it and there replies good and bad. also i would like to hear if anybody had any problems withdrawing money when they cashed out.

Answer
Simple answer. I just went to the web site.

I have no doubt that this is a total scam.

Stay clear of this rip off. This is like Bernie Madoff's ponzi scheme. You will be paid by the deposits of others. eventually these things blow up. 100% guaranteed. You need to look at yourself very closely. Why would you believe these claims in the first place. The claims they make are blatantly ridiculous.

Forex vs Options & ETF's; which would be better to invest on?

I have $3000 to invest, I'm doing research on the mentioned options; which would be better Forex, Options, or ETF's?

Answer
What you have just asked is tantamount to asking :
"Beef vs Fish & Pork, which would be better to eat?"

These are completely different financial instruments that serve very unique and different purposes and it largely depends on what you are trying to achieve. For example, if you want to invest or trade on your opinion that the US dollar will continue to weaken against the Euro, you would of course do FOREX, right? If you want to invest in a certain market or sector movement, you would of course not invest in forex but go for an ETF that represents what you want to speculate in, right?

So, the thing is, it all starts from you, yourself. You need to understand and choose what works for you. There are pros and cons in ALL kinds of financial instruments and people usually specialise deeply in the one that they understand and are able to attain consistent success in.

I know a lot of very rich forex traders and I also know a lot of broke forex traders. I know a lot of very rich option traders and I also know a lot of broke option traders. What is the difference? The difference is knowledge. Those that has deep enough knowledge and experience in a chosen field usually becomes successfull and those lacking of knowledge will usually go broke. The markets is a merciless place where the more knowledge you have, the less risk you will run into.

So if you ask me, the starting point is not in deciding what instrument works for you and trying to gamble your $3000 away but instead continue to invest in more knowledge until you are certain of what you want to do.

I have personally chosen to trade options and have made it my life long career. It has taken me from completely broke to stock market millionaire by the age of 28 and I list some of the books that took me down this path many years ago at http://www.bestoptiontradingbooks.com .

Hope these information helps.



http://www.mastersoequity.com



.

where can I find tutorials about Forex and the FXCM trading station 2?

Answer
Forex Trading Tips â Part 1
Why do hundreds of thousands online traders and investors trade the forex market every day, and how do they make money doing it?
This two-part report clearly and simply details essential tips on how to avoid typical pitfalls and start making more money in your forex trading.
1.Trade pairs, not currencies â Like any relationship, you have to know both sides. Success or failure in forex trading depends upon being right about both currencies and how they impact one another, not just one.

2.Knowledge is Power â When starting out trading forex online, it is essential that you understand the basics of this market if you want to make the most of your investments.
The main forex influencer is global news and events. For example, say an ECB statement is released on European interest rates which typically will cause a flurry of activity. Most newcomers react violently to news like this and close their positions and subsequently miss out on some of the best trading opportunities by waiting until the market calms down. The potential in the forex market is in the volatility, not in its tranquility.

3.Unambitious trading â Many new traders will place very tight orders in order to take very small profits. This is not a sustainable approach because although you may be profitable in the short run (if you are lucky), you risk losing in the longer term as you have to recover the difference between the bid and the ask price before you can make any profit and this is much more difficult when you make small trades than when you make larger ones.

4.Over-cautious trading â Like the trader who tries to take small incremental profits all the time, the trader who places tight stop losses with a retail forex broker is doomed. As we stated above, you have to give your position a fair chance to demonstrate its ability to produce. If you donât place reasonable stop losses that allow your trade to do so, you will always end up undercutting yourself and losing a small piece of your deposit with every trade.

5.Independence â If you are new to forex, you will either decide to trade your own money or to have a broker trade it for you. So far, so good. But your risk of losing increases exponentially if you either of these two things:
Interfere with what your broker is doing on your behalf (as his strategy might require a long gestation period);
Seek advice from too many sources â multiple input will only result in multiple losses. Take a position, ride with it and then analyse the outcome â by yourself, for yourself.

6.Tiny margins â Margin trading is one of the biggest advantages in trading forex as it allows you to trade amounts far larger than the total of your deposits. However, it can also be dangerous to novice traders as it can appeal to the greed factor that destroys many forex traders. The best guideline is to increase your leverage in line with your experience and success.

7.No strategy â The aim of making money is not a trading strategy. A strategy is your map for how you plan to make money. Your strategy details the approach you are going to take, which currencies you are going to trade and how you will manage your risk. Without a strategy, you may become one of the 90% of new traders that lose their money.

8.Trading Off-Peak Hours â Professional FX traders, option traders, and hedge funds posses a huge advantage over small retail traders during off-peak hours (between 2200 CET and 1000 CET) as they can hedge their positions and move them around when there is far small trade volume is going through (meaning their risk is smaller). The best advice for trading during off peak hours is simple â donât.

9.The only way is up/down â When the market is on its way up, the market is on its way up. When the market is going down, the market is going down. Thatâs it. There are many systems which analyse past trends, but none that can accurately predict the future. But if you acknowledge to yourself that all that is happening at any time is that the market is simply moving, you'll be amazed at how hard it is to blame anyone else.

10.Trade on the news â Most of the really big market moves occur around news time. Trading volume is high and the moves are significant; this means there is no better time to trade than when news is released. This is when the big players adjust their positions and prices change resulting in a serious currency flow.

11.Exiting Trades â If you place a trade and itâs not working out for you, get out. Donât compound your mistake by staying in and hoping for a reversal. If youâre in a winning trade, donât talk yourself out of the position because youâre bored or want to relieve stress; stress is a natural part of trading; get used to it.

12.Donât trade too short-term â If you are aiming to make less than 20 points profit, donât undertake the trade. The spread you are trading on will make the odds against you far too high.

13.Donât be smart â The most successful traders I know keep their trading simple. They donât analyse all day or research historical trends and track web logs and their results are excellent.

14.Tops and Bottoms â There are no real âbargainsâ in trading foreign exchange. Trade in the direction the price is going in and youâre results will be almost guaranteed to improve.

15.Ignoring the technicalsâ Understanding whether the market is over-extended long or short is a key indicator of price action. Spikes occur in the market when it is moving all one way.

16.Emotional Trading â Without that all-important strategy, youâre trades essentially are thoughts only and thoughts are emotions and a very poor foundation for trading. When most of us are upset and emotional, we donât tend to make the wisest decisions. Donât let your emotions sway you.

17.Confidence â Confidence comes from successful trading. If you lose money early in your trading career itâs very difficult to regain it; the trick is not to go off half-cocked; learn the business before you trade. Remember, knowledge is power.







Forex Trading Tips â Part 2
Why do hundreds of thousands online traders and investors trade the forex market every day, and how do they make money doing it?
The second and final part of this report clearly and simply details more essential tips on how to avoid the pitfalls and start making more money in your forex trading.
1.Take it like a man â If you decide to ride a loss, you are simply displaying stupidity and cowardice. It takes guts to accept your loss and wait for tomorrow to try again. Sticking to a bad position ruins lots of traders - permanently. Try to remember that the market often behaves illogically, so donât get commit to any one trade; itâs just a trade. One good trade will not make you a trading success; itâs ongoing regular performance over months and years that makes a good trader.

2.Focus â Fantasising about possible profits and then âspendingâ them before you have realised them is no good. Focus on your current position(s) and place reasonable stop losses at the time you do the trade. Then sit back and enjoy the ride - you have no real control from now on, the market will do what it wants to do.

3.Donât trust demos â Demo trading often causes new traders to learn bad habits. These bad habits, which can be very dangerous in the long run, come about because you are playing with virtual money. Once you know how your brokerâs system works, start trading small amounts and only take the risk you can afford to win or lose.

4.Stick to the strategy â When you make money on a well thought-out strategic trade, donât go and lose half of it next time on a fancy; stick to your strategy and invest profits on the next trade that matches your long-term goals.

5.Trade today â Most successful day traders are highly focused on whatâs happening in the short-term, not what may happen over the next month. If youâre trading with 40 to 60-point stops focus on whatâs happening today as the market will probably move too quickly to consider the long-term future. However, the long-term trends are not unimportant; they will not always help you though if youâre trading intraday.

6.The clues are in the details â The bottom line on your account balance doesnât tell the whole story. Consider individual trade details; analyse your losses and the telling losing streaks. Generally, traders that make money without suffering significant daily losses have the best chance of sustaining positive performance in the long term.

7.Simulated Results â Be very careful and wary about infamous âblack boxâ systems. These so-called trading signal systems do not often explain exactly how the trade signals they generate are produced. Typically, these systems only show their track record of extraordinary results â historical results. Successfully predicting future trade scenarios is altogether more complex. The high-speed algorithmic capabilities of these systems provide significant retrospective trading systems, not ones which will help you trade effectively in the future.

8.Get to know one cross at a time â Each currency pair is unique, and has a unique way of moving in the marketplace. The forces which cause the pair to move up and down are individual to each cross, so study them and learn from your experience and apply your learning to one cross at a time.

9.Risk Reward â If you put a 20 point stop and a 50 point profit your chances of winning are probably about 1-3 against you. In fact, given the spread youâre trading on, itâs more likely to be 1-4. Play the odds the market gives you.

10.Trading for Wrong Reasons â Donât trade if you are bored, unsure or reacting on a whim. The reason that you are bored in the first place is probably because there is no trade to make in the first place. If you are unsure, itâs probably because you canât see the trade to make, so donât make one.

11.Zen Tradingâ Even when you have taken a position in the markets, you should try and think as you would if you hadnât taken one. This level of detachment is essential if you want to retain your clarity of mind and avoid succumbing to emotional impulses and therefore increasing the likelihood of incurring losses. To achieve this, you need to cultivate a calm and relaxed outlook. Trade in brief periods of no more than a few hours at a time and accept that once the trade has been made, itâs out of your hands.

12.Determination â Once you have decided to place a trade, stick to it and let it run its course. This means that if your stop loss is close to being triggered, let it trigger. If you move your stop midway through a tradeâs life, you are more than likely to suffer worse moves against you. Your determination must be show itself when you acknowledge that you got it wrong, so get out.

13.Short-term Moving Average Crossovers â This is one of the most dangerous trade scenarios for non professional traders. When the short-term moving average crosses the longer-term moving average it only means that the average price in the short run is equal to the average price in the longer run. This is neither a bullish nor bearish indication, so donât fall into the trap of believing it is one.

14.Stochastic â Another dangerous scenario. When it first signals an exhausted condition thatâs when the big spike in the âexhaustedâ currency cross tends to occur. My advice is to buy on the first sign of an overbought cross and then sell on the first sign of an oversold one. This approach means that youâll be with the trend and have successfully identified a positive move that still has some way to go. So if percentage K and percentage D are both crossing 80, then buy! (This is the same on sell side, where you sell at 20).

15.One cross is all that counts â EURUSD seems to be trading higher, so you buy GBPUSD because it appears not to have moved yet. This is dangerous. Focus on one cross at a time â if EURUSD looks good to you, then just buy EURUSD.

16.Wrong Broker â A lot of FOREX brokers are in business only to make money from yours. Read forums, blogs and chats around the net to get an unbiased opinion before you choose your broker.

17.Too bullish â Trading statistics show that 90% of most traders will fail at some point. Being too bullish about your trading aptitude can be fatal to your long-term success. You can always learn more about trading the markets, even if you are currently successful in your trades. Stay modest, and keep your eyes open for new ideas and bad habits you might be falling in to.

18.Interpret forex news yourself â Learn to read the source documents of forex news and events - donât rely on the interpretations of news media or others.






Otherwise you can use http://www.forextrading-system.com They have all kind of explanations here and some nice free software

Basic for forex trading?

Could someone tell me a good free program to trade forex? Also i need a site where i could learn the basics. Thanks!

Answer
The best broker for beginners to trade forex with is etoro. They have many of tools to help new traders, such as the open book, which allows you to see the trades being made by professional forex traders and simply copy their trades at the click of a button. But by the sound of things you need to learn a lot before you invest any money. One of the biggest mistakes new traders make is getting a few lucky wins on a demo account and think it is easy to trade forex. T ake a lot of time to learn before you invest and good luck.

I am new to trading and I want to generate a least ten pips a day, is that possible or does it take longer. What time should i expect the trade to execute, so that i can put in more trades?

Answer
If you trade EURUSD, it can be as soon as few seconds. Trade on US market where there's rapid movement.

About www.forex.com?

Just one question, I read this on their web page:

If you want to purchase $100,000 of USD/JPY at 100:1 leverage, the money required is 1%, or $1000. The other $99,000 is collateralized with your remaining account balance. You pay no interest.

What does that mean? That in that case I would owe them $99000?

Thank You.
Only people who have actually traded there. Thank You

Answer
If you are talking about the Forex spot market it works like this (Forex futures is a different animal).

Let's say that you open an account for $10,000. You could take 10% of that (this is called your margin) or $1000 and enter a position that allows you to control $100,000 of the USD/JPY currency pair (this is called 1 "lot") using the leverage that you mentioned of 100-1.

(Now let me point out right away that the USD/JPY is an extremely risky and volatile currency pair and I would personally consider 10% to be too high of a margin.)

The only money that you have at risk in your account is the $10,000 in your account. If the price of the currency were to move far enough against you the broker would initiate a margin call and close out your account and you would lose your entire $10,000.

Here is how the profit and loss works. The current price of the USD/JPY that you bought is 112.82. If the price increases to 112.83 it is said to have moved 1 "pip" and your account balance would increase by $8.91. If the price had moved to 112.81 you would have lost 1 "pip" and your account balance decreases by $8.91.

As I mentioned the USD/JPY is very volatile. It would not be unusual for it to move by 20 or 30 pips, or more, in a matter of minutes. (And don't forget...it's moving while you are sleeping.) I don't think I could sleep very well with a position like this.

Now the other interesting feature with the USD/JPY is that for one "lot" you would receive a daily interest payment of $11.91. This occurs regardless of the price of the currency pair and you receive it 7 days a week. (triple interest on Wednesday to make up for the weekend).

In closing the Forex market is very risky. It is very important to study the market and know exactly what you are doing before getting involved. And never, never, never trade with money that you cannot afford to lose.

I suggest spending some time at www.babypips.com for the absolute best training on the Forex market.

Good luck and be careful.

Paul

Answer
Hi,

perhaps you can be more specific in your question?

forex trading software as in the trading platform? ( for eg MT4 )
forex trading software as in a trading signal service? ( for eg ZuluTrade )
forex trading software as in automated trading? ( for eg One of the many Expert Advisers out there )

i need to know the best of "automated forex trading software"?

hi there
i am a forex trader but i am very busy at the same time
i want to use an automated trading software
selling or buying itself while i am working or sleeping
but unfortunately i dont have one and i need to get
can you please advise me a good one which is easy to use and good for me
thank you all

Answer
Since I started using some of these forex trading software, my profits have improved. Before I was trading myself during my spare time but now I can trade even when sleeping or at work.

What you need to do is to test them out until you can understand the strength of each forex automated software. Then do actual trades. That way you minimize risk but have potential for long term profit.

I have tried Forex Autopilot, Forex Assassin, Forex Tracer and now I'm trying Forex Loophole. I do conversative trades and so far none of them have given me a loss on a monthly basis.

I have been looking at UNG stock as a possible speculative play and was under the impression that UNG basically just uses money to buy and hold massive stocks of NG and thus they were very well capitalized and collateralized but I have this creeping suspicion it might be something a wee bit closer to a ponzi scheme than I first imagined, or not imagined.

So is it safe to invest in ung stock or can the stock just go poof! at any time? I know NG prices are pretty low right now but how much lower can they go and exactly how much can one lose with UNG stock worse case scenario?

Also are there any other decent instruments that can be used to speculate on NG prices either with UNG stock or any other related stock such as GAZ. Are UNG and GAZ options generally safer than pure stock? How about SSFs?

Or should I open a forex account and trade NG like a commodity?

Answer
It trades in financial derivatives: futures contracts on natural gas.

It does not physically hold or store the commodity.

As such it is highly speculative and subject to potentially enormous variability.

It can go poof at any time, in other words. Although it is professionally managed by experts and insured, so it isn't going to go poof do to hanky-panky...just the price of gas crashing to the ground.

What are some of the riskiest investments that you can invest in? What gets the most on returns and the least?

Answer
I have to agree with the 1st responder. Commodities are extremely risky. The reason they are is because they are purchased as futures on very low margin requirements--10%. And such events as a droubt or a freeze in Florida or Russia buying up the entire soy bean crop can cause prices to advance dramatically. Or in the recent case of oil and natural gas, prices can fall dramatically. In either case if one is caught on the wrong side of a position, the results can be catistropic, as a hedge fund recently discovered with their natural gas positions. Currency trading on the Forex falls also into that category as margin requirements are similar.

Similarly commodities and currencies and also yield the highest returns. Anyone who shorted oil back in June made a ton of money. In fact could have easily become a millionaire overnight. Similarly anyone who had shorted the dollar 3 years ago would also have done very well or bought gold contracts.

Someone mentioned selling naked calls as being very risky. That is a common belief but is not supported by the facts. There are instances, very few instances, where that strategy does yield large losses but in general it is a very rewarding strategy, yielding good returns about 85% of the time.

T-bills yield about the least returns of the sophisticated investments. Savings accounts by far yield the least returns of the un-sophisticated investments. And perhaps whole life policies. And social security contributions. ROI on social security contributions is about a negative 5 to 25%.

If so, does anyone here ever tried to invest on such? If I invest today, I would be a total beginner, is there a way to learn how this on a beginner level?

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.

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 is offshore forex investment?

Answer
I am a managing director for a forex firm on Wall St. The off-shore part is a heavily unregulated market, which means that they can take your money and run. If you are looking for a forex investment, we are an on-shore firm and are regulated under the NFA (National Futures Association and the CFTC (Commodities Futures Trading Comission).

I was told that if you deposit $50 into a mini forex account that you can make money? before i do this I wanted to ask you guys your opinion...

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.

About trading easy-forex?

I would like to trade currencies online using easy-forex.. but i really don't know much about it..
How much they charge for each trade?
How much fees i should pay every month minimum?
If i make some money from trading will it be transferred to my bank account immediately, or i should cancel my forex account to have my money back?

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 similar to 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. The net winnings of everyone combined equals zero. 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.

Read the warnings in the links below:

Have you heard of or used the site $hivFX19?

Any ideas for a cheap and effective website for information and predictions on FX trading

Answer
You can make a decent living trading forex. But that will take time and severe disciple managing your own money. Time will teach you along with many books that you can buy on trading forex and websites.

Try the follwoing for learning purposes and setup demo accounts ( paper money ) to learn the game.
Only and only after you have a few systems that make money for a year or two in demo system, you got game................

www.fxcm.com
www.forex.com
www.cmsfx.com
www.goforex.net/reviews/cms.htm
www.mql4.com

forex trading - any tips?

what are the best days for forex trading pairs like eur/usd or gbp/usd on which days like (end week / start week).when to buy currency and best time for selling.what times is liquidity high and also do u buy/sell a currency in go or do it step by step like long euros.please help!

Answer
Except for weekends, there are no best days to trade. Any day is as good to trade.

I manage funds in forex trading, and in my experience, I find that period before the European markets open to be most profitable.

Hope this helps.
- Jim http://jsforex.blogspot.com

Im really looking for a great forex autopilot system that I can trust to make me some real money. I have been looking at a bunch of forex autopilot systems and they seem promising, but Im not sure if I can trust them or not to make me money. Are sites offering forex autopilot systems scams? or do forex autopilot systems actually work to make you alot of cash? what forex autopilot system can I depend on for making me a good buck and also being completely automated?

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. For instance, 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.

best forex software in market?

Answer
The Federal government warns there are a lot of Forex frauds out there, and these Forex software systems appear to be one type of these scams. If these software systems 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 software systems. 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 software systems. 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 software system 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 software systems is positive.

I may point out that websites that sell Forex software systems admit there are a lot of scams out there. Of course they claim the other guy's system is a scam, but their software system works. If you do a web search on the words "forex software" and "scam" you will find a lot of sites saying their competitors are scams.

I will admit I have not personally tested every software system 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 software system without clear proof it really works.

What is the best platform to trade real forex? I mean, considering most of the features, like if its trading software is good, if it's reliable, if the money transfer of deposit and withdrawen is fast, if it's convenient to do trading with it, if the support is fast and effective, and so on and so on.

Is there any good platform support Paypal or has european bank account?

Thank you for informations. I'm planning to do real trade, but first only with a mini account.

Answer
there are several forex trading platforms! every platform has some + or - !
here you can read some reviews:

http://www.squidoo.com/Best-Forex-Trading-Platforms

Are there any good Forex trading platforms?

Answer
While, it's hard to define a forex trading platform that is good. It depends on what products you are trying to trade.

If you just want to trade currency pairs, then use mt4, reliable and compatible.

I want to know something about foreign stock exchange. I want to join it. My friend told me that i need at least 500$ to start. And how much can a new joiner earn/month ?(on a average)

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 similar to 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. The net winnings of everyone combined equals zero. 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.

Read the warnings in the links below:

What is the difference between a gaming computer and a forex computer?

I'm thinking of building a forex computer, and it seems like I may as well just build a gaming computer, but there are special quirks of the forex computer. Can anyone tell me what that would be?

Answer
The software for data delivery is probably more important, or just as important as the computer.

What you're trying to overcome with speed is data bottlenecks. With gaming, it is graphics data problems. All of the moving objects and colors of a game are graphics issues that should be handled by the graphics board rather than the CPU. Obviously, a dual core Quad is going to be better than a single. But you need a good graphics card with lots of onboard memory.

With a trading machine, you're handling lots of data coming in from outside the computer, processing that data into many different charts and calculating indicators. The graphics is not the problem of a gaming machine. The problem is when there's a flood of data, like when there's a report, or around the open of different markets, when markets go wild. I've had computers completely freeze for several minutes when extreme volatility situations arise. Sometimes I would have to reboot to get control back, and that can take ten minutes to get back up and running with everything updated and functioning again; obviously, that won't work for a trader. The software should have a method to throttle that data, because you don't need every tick, estpecially when the input data is a thousand-fold what it was a minute ago. If you're using a web browser, rather than a dedicated trading program downloaded to your computer, you have no control over the data feed. A good trading platform like Realtick or Tradestation, will have at least 3 or 4 different methods of sampling and throttling to control high volumes of data. NinjaTrader does a good job, but I've got a super fast computer, so I never see any glitches.

There are several informational and learning websites. If you watch their trading videos, you'll see what they're using.

http://www.forextv.com/forex-video-archiâ¦
http://www.babypips.com/
http://www.dailyfx.com
http://www.fxstreet.com/rates-charts/usdâ¦
http://www.forexpeacearmy.com/

The best way to learn is from a book. You can find three different eBooks here:

http://members.cox.net/axiom11/#Info
Insider Forex Secrets

http://members.cox.net/axiom11/page2_linâ¦
Forex Trading-Revolution To Home Based Internet Business
Forex Trading Strategies

There are many eBooks listed here, so to find the one you want, just hit Ctrl-F (for Find) in your web browser to find "forex".

I would like to experiment with forex, however due to my current location on this rock, I can only use web based, non-java applications. This is due to firewall limitations and can not be overcome. Is such a web-based system available?
The firewall is not my own or PC based. It is a centralized, proprietary, limited permission system. It has to do with residing in a rather restrictive environment. I am not able to bypass it in any way - all traffic must route through it and must be authenticated.
The firewall is not my own or PC based. It is a centralized, proprietary, limited permission system. It has to do with residing in a rather restrictive environment. I am not able to bypass it in any way - all traffic must route through it and must be authenticated.

Answer
you can try this site. no need for any software to trade forex. you only need an internet connection and for a minimum deposit of $100 you can immediately start trading by simply logging in. besides you will be provided a personal Account Service Manager to walk you through their system and who will even trade with you until you become familiar and will then be able to trade on your own. this site is one of the leaders in forex trading and so you can be sure of its legitimacy and reliability.

Is there a Forex platform available for Mac?

I am not asking for a web interface...
I know there are a multitude of Java type platforms but what I am looking for is a software to download on my Mac similar to the Windowz software.

Answer
I have not seen a broker offering a downloaded Mac specific platform. Despite the increasing popularity of mac's the overwhelming majority of traders still use a PC, so it's not cost effective to create a separate mac platform. The best will probably be a java or browser based platform.

I started to trade today at fxcm and noticed that my money gained a 2% profit after gaining 10 pips. Is 10 pips a 2% profit or is it just based on how much money you have in your balance? I don't understand this, all I know is my goal of 10 pips per day. If I can make 2% of my money every 5 days per week, that is more or less 40% per month, am I correct?

If I am correct, then my 100 bucks can become 268 million in just 4 years... is this possible? I made an excel file that add 2% profit per day and the result is 268 million in 4 years. mmm...
I mean 2% per day (5 days per week)
I agree!

Please don't suggest to trade using a practice account because I already did. I've used
demo account and I'm still confused... I've had about 300 bucks of profit everyday
in my 50000 demo account...

I think it's 1k per lot... that's something I don't understand... I have money but I'm new to forex so I just thought 100 bucks is fair enough to start investing in forex, I mean I'm not going to cry for that if I loose all of it.

So, I have 100 bucks, clicked the buy button, lot is 1k, then later on I've got more or less 2% profit after gaining 10 pips. Then I stopped, tommorow again... I am not greedy, I am just doing this because I want to learn how to manage and grow my money, and if I become a more knowledgeable person in terms of forex, I might be willing to invest big amount of money.

One more reason why I want to learn forex is because I ain't got no JOB...

is it hard to understand that I just want to earn a little bit of extra money? of course I want to just work an
by the way, i know how to handle my stop loss and limit myself to 10 pips per day.
all im asking is what is a pip... in my case, 10 pip = more or less 2% of 100 bucks? is this correct?

Answer
When you do the math, if you make 2% a day, you eventually will be a billionaire. However, you are thinking that due to your great SKILL, you have made 2% today. Actually you made 2% due to your great LUCK today. There is a lot of luck in Forex and you had a lucky day. However, you are not going to be lucky every day.

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 similar to 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. The net winnings of everyone combined equals zero. 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.

Read the warnings in the links below:

why does the pip difference change in forex market?

i'm new to the forex market, and i noticed over many days that the difference between the pips of USD/JPY is different on some days. usually the difference between pips is 2 and some days its 4 or 5. why does that happen?

Answer
In the United States, the FOREX market is a dealer market. If customers are taking all of the risk, then the pip difference can be small, but if dealers have to put their own money up, they will put a spread in the pips so they are not taking any risk in the transaction, the entire risk falls on the customers. It gives you a signal as to how liquid the market currently is.

Do note that in the United States, a FOREX dealer can quote any amount they wish without limitation. If a pip change could trigger a profitable margin call, they have been known to do that just for the commissions and to balance their risk book.

i want to sell USD $ and buy INR (indian rupees) , please tell me which forex service charges the least

Answer
ACM has 50 currency different pairs:
http://www.ac-markets.com/online-forex/spread-rates.aspx
See if any of these is what you are looking for.
Regards!

Exchange Rate- Exchanging Indian Rupees for USD?

INR/USD [change]0.022210+0.000066+0.299860%0.022151-0.0222370.020940-0.022810

Is that the exchange rate of Indian Rupees for USD.
I have indian rupees and want to exchange it for USD.

Answer
Online Brokers are the best way to exchange currencies with low exchange tax

Forex Trading is a great chance to make money online of a unlimited way
in a short time, you first get to open a trading account with an online broker
and then you can start to trade, if you ain`t want to trade by yourself
you can buy a trading robot that will make the
profits for you, you can get economical freedom!
try to visit www.inforexdata.blogspot.com for more information.
Best Regards!

How I want to get 100pips perday ?what should I do and what indicator I must using?

Answer
You question will get a lot of scam website references.

Forex is a seriously competitive market dominated by experts, not a market for simple easy profits. Anyone who claims otherwise is lying.

Imagine that someone could generate 100 pips per day easily. That person would become fabulously wealthy by trading daily. The person would not dilute their own returns by selling a system or robot. They certainly wouldn't give away the secret to strangers.

If you think it is easy, you will lose your entire investment quickly.

what are the average daily ranges of the major forex pairs?

Answer
70-100 pip a day

Answer
Well impossible now as there are no such things as "investment banks"...but...I know what you are asking...so I'll answer with this:
It depends what you want to do. If you want to be involved in the actual number crunching and money making--then you need to be an attractive candidate to the firm. That would mean a strong background in math/economics/finance. I stress math because that is the basis for everything else. If you are not in college yet--look into double majoring in math and finance or math and economics.
The other thing that will really help is where you go to school. The ivy league schools stand out. But--if you can't make it into the ivy leagues--then make sure you are in a well known school. Furthermore, look into any internships with banks that deal with treasury, forex, or credit.

My last piece of advice--if you truly want to do it--and you can't get a job doing it out of college--go for your grad degree in math or economics. "Investment banking" attracts people at the top of their game. You can definately do it if you have a talent for numbers, communicating clearly, and understanding complex risk/reward relationships.

How To Trade Gold Online?

Iâm looking for some online course that can teach me how to trade gold. I have been trading stocks but I want to go into gold. I think gold is going to be a good commodity to trade in.

Answer
Being fed up with forex, I started to learn how to trade gold online and Iâm very glad I did as Iâve made some good money.

I have been using a simple but profitable trading system for a year. It has been upgraded a few months ago and now it is a very comprehensive gold trading system. There is even an option for EA automatic trading of gold but Iâve not yet tried that.

I like to trade gold as gold is largely unaffected by the credit crunch and continues to give excellent profits while other markets dried up. In fact, itâs good during bad times.

We have an exam tomorrow about exchange rates. I want to know what is forex exchange rate.

Answer
Forex came from the word Foreign Exchange. Exchange rate is the conversion rate of one currency into another. Exchange rate usually depends on the local demand of the foreign currencies.

how does forex market work?

Answer
The forex market works as a financial instrument to act as medium with which international trade is actioned.

The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The average daily trade in the global forex and related markets currently is over US$ 3 trillion. As such, it has been referred to as the market closest to the ideal perfect competition.

Unlike a stock market, where all participants have access to the same prices, the forex market is divided into levels of access. At the top is the inter-bank market, which is made up of the largest investment banking firms. Within the inter-bank market, spreads, which are the difference between the bid and ask prices, are razor sharp and usually unavailable, and not known to players outside the inner circle. As you descend the levels of access, the difference between the bid and ask prices widens (from 0-1 pip to 1-2 pips for some currencies such as the EUR). This is due to volume. If a trader can guarantee large numbers of transactions for large amounts, they can demand a smaller difference between the bid and ask price, which is referred to as a better spread. The levels of access that make up the forex market are determined by the size of the âlineâ (the amount of money with which they are trading). The top-tier inter-bank market accounts for 53% of all transactions. After that there are usually smaller investment banks, followed by large multi-national corporations (which need to hedge risk and pay employees in different countries), large hedge funds, and even some of the retail forex market makers. According to Galati and Melvin, âPension funds, insurance companies, mutual funds, and other institutional investors have played an increasingly important role in financial markets in general, and in FX markets in particular, since the early 2000s.â (2004) In addition, he notes, âHedge funds have grown markedly over the 2001â2004 period in terms of both number and overall sizeâ Central banks also participate in the forex market to align currencies to their economic needs.

There is no unified or centrally cleared market for the majority of FX trades, and there is very little cross-border regulation. Due to the over-the-counter (OTC) nature of currency markets, there are rather a number of interconnected marketplaces, where different currency instruments are traded. This implies that there is not a single dollar rate but rather a number of different rates (prices), depending on what bank or market maker is trading. In practice the rates are often very close, otherwise they could be exploited by arbitrageurs instantaneously. A joint venture of the Chicago Mercantile Exchange and Reuters, called FxMarketSpace opened in 2007 and aspires to the role of a central market clearing mechanism.

Although exchange rates are affected by many factors, in the end, currency prices are a result of supply and demand forces. The world's currency markets can be viewed as a huge melting pot: in a large and ever-changing mix of current events, supply and demand factors are constantly shifting, and the price of one currency in relation to another shifts accordingly. No other market encompasses (and distills) as much of what is going on in the world at any given time as foreign exchange.

Supply and demand for any given currency, and thus its value, are not influenced by any single element, but rather by several. These elements generally fall into three categories: economic factors, political conditions and market psychology.

I will be doing forex trading full time and I am concerned about taxes. I will be scalping the market and my trades will not be opened for more than a few minutes at a time. Can anyone tell me what my tax implications are? Tax bracket, etc. Thank you in advance.

Answer
And you really do need to seek some good face to face assistance and advice about this type of trading with what you are calling forex trading and try and make sure that you do have and get ever thing set up correctly for your scalping the market trades by the minutes and all of your bookkeeping written records that will be required for this business operation at this time in your life.
Foreign exchange market - Wikipedia, the free encyclopedia

http://en.wikipedia.org/wiki/Foreign_exchange_market

The foreign exchange market is the most liquid financial market in the world. Traders include large banks, central banks, institutional investors, currency speculators, corporations, governments, other financial institutions, and retail investors.
And for this purpose YA would not be the perfect place for you to try and get it started correctly as you would need to have it done.
Hope that you find the above envclosed information usefu. 05/14/2012

What is the difference among Currency Futures, Currency Derivatives and Forex Trading?

Answer
Here is the full wikipedia definition and explanation of all 3 of those terms:

http://en.wikipedia.org/wiki/Currency_future
http://en.wikipedia.org/wiki/Derivative_%28finance%29
http://en.wikipedia.org/wiki/Foreign_exchange_market

I have done a lot of research learning about the forex market and how everything works. i want to open a demo account, but have no idea what broker to start with. i have heard many brokers have demo accounts that are nothing like their live accounts, and I dont want to waste my time on a demo that is not going to prepare me for live trading. I tried FXCM a few months ago but i just found out their was a class action lawsuit filed against FXCM and so that has scared me away. I am looking for a reliable dealer with a realistic demo account. i plan on doing longer term trades or swing trading, but i am not sure how that will factor into which broker i should use.

Answer
Don't worry about the lawsuits. FXCM is a very popular forex broker and you shouldn't have any issues opening a live account with them. Personally I have registered with Oanda as I found their online java platform more user friendly than FXCM's application and even have an open position in Oanda. You need to factor in the following most important points:

1. What leverage are you going to use...Oanda doesn't offer more than 50:1, but FXCM offers upto 200:1.
2. What currency pair are you going to trade? Both offer the common currencies, but if you are into the exotic ones, each has its own offerings.

Is there a good, web based forex platform?

I would like to experiment with forex, however due to my current location on this rock, I can only use web based, non-java applications. This is due to firewall limitations and can not be overcome. Is such a web-based system available?
The firewall is not my own or PC based. It is a centralized, proprietary, limited permission system. It has to do with residing in a rather restrictive environment. I am not able to bypass it in any way - all traffic must route through it and must be authenticated.
The firewall is not my own or PC based. It is a centralized, proprietary, limited permission system. It has to do with residing in a rather restrictive environment. I am not able to bypass it in any way - all traffic must route through it and must be authenticated.

Answer
you can try this site. no need for any software to trade forex. you only need an internet connection and for a minimum deposit of $100 you can immediately start trading by simply logging in. besides you will be provided a personal Account Service Manager to walk you through their system and who will even trade with you until you become familiar and will then be able to trade on your own. this site is one of the leaders in forex trading and so you can be sure of its legitimacy and reliability.

Answer
Forex Trading Tips â Part 1
Why do hundreds of thousands online traders and investors trade the forex market every day, and how do they make money doing it?
This two-part report clearly and simply details essential tips on how to avoid typical pitfalls and start making more money in your forex trading.


1.Trade pairs, not currencies â Like any relationship, you have to know both sides. Success or failure in forex trading depends upon being right about both currencies and how they impact one another, not just one.

2.Knowledge is Power â When starting out trading forex online, it is essential that you understand the basics of this market if you want to make the most of your investments.
The main forex influencer is global news and events. For example, say an ECB statement is released on European interest rates which typically will cause a flurry of activity. Most newcomers react violently to news like this and close their positions and subsequently miss out on some of the best trading opportunities by waiting until the market calms down. The potential in the forex market is in the volatility, not in its tranquility.

3.Unambitious trading â Many new traders will place very tight orders in order to take very small profits. This is not a sustainable approach because although you may be profitable in the short run (if you are lucky), you risk losing in the longer term as you have to recover the difference between the bid and the ask price before you can make any profit and this is much more difficult when you make small trades than when you make larger ones.

4.Over-cautious trading â Like the trader who tries to take small incremental profits all the time, the trader who places tight stop losses with a retail forex broker is doomed. As we stated above, you have to give your position a fair chance to demonstrate its ability to produce. If you donât place reasonable stop losses that allow your trade to do so, you will always end up undercutting yourself and losing a small piece of your deposit with every trade.

5.Independence â If you are new to forex, you will either decide to trade your own money or to have a broker trade it for you. So far, so good. But your risk of losing increases exponentially if you either of these two things:
Interfere with what your broker is doing on your behalf (as his strategy might require a long gestation period);
Seek advice from too many sources â multiple input will only result in multiple losses. Take a position, ride with it and then analyse the outcome â by yourself, for yourself.

6.Tiny margins â Margin trading is one of the biggest advantages in trading forex as it allows you to trade amounts far larger than the total of your deposits. However, it can also be dangerous to novice traders as it can appeal to the greed factor that destroys many forex traders. The best guideline is to increase your leverage in line with your experience and success.

7.No strategy â The aim of making money is not a trading strategy. A strategy is your map for how you plan to make money. Your strategy details the approach you are going to take, which currencies you are going to trade and how you will manage your risk. Without a strategy, you may become one of the 90% of new traders that lose their money.

8.Trading Off-Peak Hours â Professional FX traders, option traders, and hedge funds posses a huge advantage over small retail traders during off-peak hours (between 2200 CET and 1000 CET) as they can hedge their positions and move them around when there is far small trade volume is going through (meaning their risk is smaller). The best advice for trading during off peak hours is simple â donât.

9.The only way is up/down â When the market is on its way up, the market is on its way up. When the market is going down, the market is going down. Thatâs it. There are many systems which analyse past trends, but none that can accurately predict the future. But if you acknowledge to yourself that all that is happening at any time is that the market is simply moving, you'll be amazed at how hard it is to blame anyone else.

10.Trade on the news â Most of the really big market moves occur around news time. Trading volume is high and the moves are significant; this means there is no better time to trade than when news is released. This is when the big players adjust their positions and prices change resulting in a serious currency flow.

11.Exiting Trades â If you place a trade and itâs not working out for you, get out. Donât compound your mistake by staying in and hoping for a reversal. If youâre in a winning trade, donât talk yourself out of the position because youâre bored or want to relieve stress; stress is a natural part of trading; get used to it.

12.Donât trade too short-term â If you are aiming to make less than 20 points profit, donât undertake the trade. The spread you are trading on will make the odds against you far too high.

13.Donât be smart â The most successful traders I know keep their trading simple. They donât analyse all day or research historical trends and track web logs and their results are excellent.

14.Tops and Bottoms â There are no real âbargainsâ in trading foreign exchange. Trade in the direction the price is going in and youâre results will be almost guaranteed to improve.

15.Ignoring the technicalsâ Understanding whether the market is over-extended long or short is a key indicator of price action. Spikes occur in the market when it is moving all one way.

16.Emotional Trading â Without that all-important strategy, youâre trades essentially are thoughts only and thoughts are emotions and a very poor foundation for trading. When most of us are upset and emotional, we donât tend to make the wisest decisions. Donât let your emotions sway you.

17.Confidence â Confidence comes from successful trading. If you lose money early in your trading career itâs very difficult to regain it; the trick is not to go off half-cocked; learn the business before you trade. Remember, knowledge is power.







Forex Trading Tips â Part 2
Why do hundreds of thousands online traders and investors trade the forex market every day, and how do they make money doing it?
The second and final part of this report clearly and simply details more essential tips on how to avoid the pitfalls and start making more money in your forex trading.
1.Take it like a man â If you decide to ride a loss, you are simply displaying stupidity and cowardice. It takes guts to accept your loss and wait for tomorrow to try again. Sticking to a bad position ruins lots of traders - permanently. Try to remember that the market often behaves illogically, so donât get commit to any one trade; itâs just a trade. One good trade will not make you a trading success; itâs ongoing regular performance over months and years that makes a good trader.

2.Focus â Fantasising about possible profits and then âspendingâ them before you have realised them is no good. Focus on your current position(s) and place reasonable stop losses at the time you do the trade. Then sit back and enjoy the ride - you have no real control from now on, the market will do what it wants to do.

3.Donât trust demos â Demo trading often causes new traders to learn bad habits. These bad habits, which can be very dangerous in the long run, come about because you are playing with virtual money. Once you know how your brokerâs system works, start trading small amounts and only take the risk you can afford to win or lose.

4.Stick to the strategy â When you make money on a well thought-out strategic trade, donât go and lose half of it next time on a fancy; stick to your strategy and invest profits on the next trade that matches your long-term goals.

5.Trade today â Most successful day traders are highly focused on whatâs happening in the short-term, not what may happen over the next month. If youâre trading with 40 to 60-point stops focus on whatâs happening today as the market will probably move too quickly to consider the long-term future. However, the long-term trends are not unimportant; they will not always help you though if youâre trading intraday.

6.The clues are in the details â The bottom line on your account balance doesnât tell the whole story. Consider individual trade details; analyse your losses and the telling losing streaks. Generally, traders that make money without suffering significant daily losses have the best chance of sustaining positive performance in the long term.

7.Simulated Results â Be very careful and wary about infamous âblack boxâ systems. These so-called trading signal systems do not often explain exactly how the trade signals they generate are produced. Typically, these systems only show their track record of extraordinary results â historical results. Successfully predicting future trade scenarios is altogether more complex. The high-speed algorithmic capabilities of these systems provide significant retrospective trading systems, not ones which will help you trade effectively in the future.

8.Get to know one cross at a time â Each currency pair is unique, and has a unique way of moving in the marketplace. The forces which cause the pair to move up and down are individual to each cross, so study them and learn from your experience and apply your learning to one cross at a time.

9.Risk Reward â If you put a 20 point stop and a 50 point profit your chances of winning are probably about 1-3 against you. In fact, given the spread youâre trading on, itâs more likely to be 1-4. Play the odds the market gives you.

10.Trading for Wrong Reasons â Donât trade if you are bored, unsure or reacting on a whim. The reason that you are bored in the first place is probably because there is no trade to make in the first place. If you are unsure, itâs probably because you canât see the trade to make, so donât make one.

11.Zen Tradingâ Even when you have taken a position in the markets, you should try and think as you would if you hadnât taken one. This level of detachment is essential if you want to retain your clarity of mind and avoid succumbing to emotional impulses and therefore increasing the likelihood of incurring losses. To achieve this, you need to cultivate a calm and relaxed outlook. Trade in brief periods of no more than a few hours at a time and accept that once the trade has been made, itâs out of your hands.

12.Determination â Once you have decided to place a trade, stick to it and let it run its course. This means that if your stop loss is close to being triggered, let it trigger. If you move your stop midway through a tradeâs life, you are more than likely to suffer worse moves against you. Your determination must be show itself when you acknowledge that you got it wrong, so get out.

13.Short-term Moving Average Crossovers â This is one of the most dangerous trade scenarios for non professional traders. When the short-term moving average crosses the longer-term moving average it only means that the average price in the short run is equal to the average price in the longer run. This is neither a bullish nor bearish indication, so donât fall into the trap of believing it is one.

14.Stochastic â Another dangerous scenario. When it first signals an exhausted condition thatâs when the big spike in the âexhaustedâ currency cross tends to occur. My advice is to buy on the first sign of an overbought cross and then sell on the first sign of an oversold one. This approach means that youâll be with the trend and have successfully identified a positive move that still has some way to go. So if percentage K and percentage D are both crossing 80, then buy! (This is the same on sell side, where you sell at 20).

15.One cross is all that counts â EURUSD seems to be trading higher, so you buy GBPUSD because it appears not to have moved yet. This is dangerous. Focus on one cross at a time â if EURUSD looks good to you, then just buy EURUSD.

16.Wrong Broker â A lot of FOREX brokers are in business only to make money from yours. Read forums, blogs and chats around the net to get an unbiased opinion before you choose your broker.

17.Too bullish â Trading statistics show that 90% of most traders will fail at some point. Being too bullish about your trading aptitude can be fatal to your long-term success. You can always learn more about trading the markets, even if you are currently successful in your trades. Stay modest, and keep your eyes open for new ideas and bad habits you might be falling in to.

18.Interpret forex news yourself â Learn to read the source documents of forex news and events - donât rely on the interpretations of news media or others.

Regarding Forex Market Hours?

Everyone talks about how the Forex market is open 24-hours, but then what are these "sessions" about? For instance, the New York "session" is only open from 8:00 am to 5:00 pm EST.

Does that mean that you can only enter/exit a trade with a currency pair involving USD during THOSE hours? What I mean is, can you buy/sell EUR/USD or USD/EUR at ANY time during the day, or only when the New York and London sessions are BOTH open?

Answer
The sessions have to do with times when markets are especially active. New York session covers typical work day on East Coast. This is when economic numbers are released, trading desks are fully staffed and the real decision makers are at work. It is high volume period, after which, normally, there is less activity. But you can trade around the clock.