Forex trading questions?
Posted by Ryanita
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Saturday, February 1, 2014
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forex 0.01 lot
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Joe
The USD/JPY is trading now at about 80.4900 so how much would it cost me to buy 3000 shares of that currency? Also how much money am i required to have to day trade Forex? Because i know you need like 20 grand to day trade stocks. I have been trading stocks now for a couple months and i have a good trading strategy down using MA stochastic and a couple other indicators but will they still be effective in forex trading? Thank You
Answer
There is no minimum to day trade Forex, except the minimum deposit set by your broker (usually $100 to $2000). There are also no restrictions on shorting.
Forex trades in terms of lots, or notional value. And how much you can buy depends on your account type and leverage. In the US, the maximum leverage is 50:1. So, if you buy 1 mini lot of USD/JPY, you would be shorting 10,000 dollars worth of Yen, and that would cost you 1/50 of that amount, which is $200 of margin. Each pip, or 0.01 movement, would gain or lose approximately $1 depending on the currency.
As another example, if you buy one mini lot of GBP/USD, you'd be buying 10,000 dollars worth of GBP, and each pip would be a movement of 0.0001, which would still gain or lose $1.
Honestly, if you're successful in the stock market, I would stay there. But it wouldn't hurt to try Forex on a free demo account. Forex is cheaper to trade, and doesn't have bear markets in the same sense as the stock market. But it's also much more volatile.
There is no minimum to day trade Forex, except the minimum deposit set by your broker (usually $100 to $2000). There are also no restrictions on shorting.
Forex trades in terms of lots, or notional value. And how much you can buy depends on your account type and leverage. In the US, the maximum leverage is 50:1. So, if you buy 1 mini lot of USD/JPY, you would be shorting 10,000 dollars worth of Yen, and that would cost you 1/50 of that amount, which is $200 of margin. Each pip, or 0.01 movement, would gain or lose approximately $1 depending on the currency.
As another example, if you buy one mini lot of GBP/USD, you'd be buying 10,000 dollars worth of GBP, and each pip would be a movement of 0.0001, which would still gain or lose $1.
Honestly, if you're successful in the stock market, I would stay there. But it wouldn't hurt to try Forex on a free demo account. Forex is cheaper to trade, and doesn't have bear markets in the same sense as the stock market. But it's also much more volatile.
How does ForEx leverage work?
Interested
Let's say I deposit $500 into an account. The broker gives me 200:1 leverage. What can I buy on a EURUSD exchange with that? Some brokers automatically set a 100,000 unit buy? I don't understand...
Answer
At 200:1 buying the EUR/USD (based on today's EUR/USD price), one standard lot (100,000) would require about $720 worth of available margin. Most brokers will allow an account to trade down to a lot size of 0.1 standard lots(one mini-lot) requiring about $72 worth of available margin. Finally, there are a few brokers who allow a minimum position size of 0.01 standard lots (one micro-lot) which would cost about $7.2 of available margin.
At 200:1 buying the EUR/USD (based on today's EUR/USD price), one standard lot (100,000) would require about $720 worth of available margin. Most brokers will allow an account to trade down to a lot size of 0.1 standard lots(one mini-lot) requiring about $72 worth of available margin. Finally, there are a few brokers who allow a minimum position size of 0.01 standard lots (one micro-lot) which would cost about $7.2 of available margin.
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Forex Regulations in foreign countries?
Posted by Ryanita
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forex usa
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Q. Where does one find the forex regulations of foreign countries? Since the United States doesnt have much it seems like most brokers are scams. Anyone know of a country that has strict regulations put on forex brokers?
Answer
USA has the most restricted law to regulate forex trading. unfortunately, it is responsibility of every one by his own to protect himself to be scammed. choose a good broker or website is the most important very start thing. Before you do trade on the Forex markets you will need to have a good broker. A good broker will be your lifeline in the world of Forex market and will often be your only point of contact in your Forex trading. It should be pointed out that the broker will not actually decide what to buy and sell. The broker simply buys and sells currency according to your decisions. There are literally thousands of Forex brokers both on line and in the real world. Some are good brokers and some are not so good.
First you need to know how the industry operates, know which strategies are the best to use, practice on some demo accounts, find a good broker, then invest. If you are a newbie. I recommend to begin reading some tutorials for highly informational guides, videos, articles and e-books for free. best of luck.
USA has the most restricted law to regulate forex trading. unfortunately, it is responsibility of every one by his own to protect himself to be scammed. choose a good broker or website is the most important very start thing. Before you do trade on the Forex markets you will need to have a good broker. A good broker will be your lifeline in the world of Forex market and will often be your only point of contact in your Forex trading. It should be pointed out that the broker will not actually decide what to buy and sell. The broker simply buys and sells currency according to your decisions. There are literally thousands of Forex brokers both on line and in the real world. Some are good brokers and some are not so good.
First you need to know how the industry operates, know which strategies are the best to use, practice on some demo accounts, find a good broker, then invest. If you are a newbie. I recommend to begin reading some tutorials for highly informational guides, videos, articles and e-books for free. best of luck.
Forex trading training?
Aiyeps
Please recommend the best forex trading trainers in the UK and the USA to me.
Answer
It depends on what technique you are leaning towards in your Forex experience.
If you are into technical trading and working with charts I would highly recommend Wayne McDonell at FXBootcamp.com.
If you are more of a "gambler" and an "adrenalin junky" and want the stress of trading the news (or Fundamental investing). I would recommend Rob Grespi at kingforexsignals.com
If you are just starting out and want to get an awesome education I would recommend a free solution at babypips.com.
If you simply want to make a nice, consistent return utilizing the power of the Forex market as a part of a long term investment strategy I would suggest that you send me an email.
May all your guesses be good ones.
Paul Upp
It depends on what technique you are leaning towards in your Forex experience.
If you are into technical trading and working with charts I would highly recommend Wayne McDonell at FXBootcamp.com.
If you are more of a "gambler" and an "adrenalin junky" and want the stress of trading the news (or Fundamental investing). I would recommend Rob Grespi at kingforexsignals.com
If you are just starting out and want to get an awesome education I would recommend a free solution at babypips.com.
If you simply want to make a nice, consistent return utilizing the power of the Forex market as a part of a long term investment strategy I would suggest that you send me an email.
May all your guesses be good ones.
Paul Upp
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What is the secret to successful forex trading?
Posted by Ryanita
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forex jargon
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Jimmy
Can anyone tell me Secret to success in currency trading
Answer
A complete newbie to forex trading, I am having difficulties figuring out where to look for information, but also what exactly to look for. Commodities? Bank quarterly results?
So, you want to learn how to trade currencies in the forex market? The process of trading currencies appears very straight-forward on the surface, but there's more to it than meets the eye.
Currency trading tutorial is about to receive here will give you a basic idea of ââhow things work. However, it should be noted that this tutorial is only scratching the surface. The Forex market is complex, fast and requires more seriously if you want to trade successfully.
Now that we have that the waiver form, let's start by examining the fundamental unity of all those involved in trade: the "currency pair.
What are currency pairs?
Currency pairs are units of two currencies involved in forex trading. For example, if you want to sell U.S. $ to buy euros, which would be in the exchange rate quoted for the EUR / USD. Or, if you wanted to sell Euros to buy U.S. dollars, which would be in the exchange rate quoted for the USD / EUR currency.
You may think, "Are not they the same thing?" Well, most are, but we must look to the right partner, in the correct order, based on the currency you are buying.
There are two reasons for this:
First, it is easier to calculate the results of their exchange in terms of how much of the base currency can be bought with the currency of your 'date'. Your base currency is the currency you intend to buy, and the quote currency is the currency you intend to sell for the base.
When quoting an exchange rate, your broker will list the base currency for the first time the couple and the second currency quoted.
This means that when you see a pair like EUR / USD, which is seeing the cost of 1 euro in U.S. dollars. A listing of the exchange rate of EUR / USD = 1. 4436 means that 1 euro costs U.S. $ 1.4436 Dollars.
Similarly, the USD / EUR pair indicates the cost of U.S. $ 1 in euro terms. An exchange rate of USD / EUR = 0.6834 means that one U.S. dollar costs 0.6834 euros.
The second reason to observe the correct buy / sell ordered pair is that you want to know the difference between the "bid price" the (exchange rate) and the selling price (what the market makers want to currency).
The difference between bid price and the price they ask what is known as "diffusion." Forex traders are subject to spreads when opening or closing operations in the buying. In other words, they are always subject to a margin when they buy, whether to open or close the trade.
Open buy - Dissemination>
Near sell -> no spread
Open sell -> no spread
Close to shopping - broadcast>
Say you want to buy the EUR / USD. The bid price is 1.4436. The price may be something like 1.4440. You must pay the spread of 0. 0004 to make the trade.
Those are the basics of currency trading, but there are other factors to consider. In order to make a profit in the foreign exchange you should also know how to calculate the cash value of exchange rate fluctuations in terms of "points" - or, in the jargon of the currency - 'pips value.
This currency trading tutorial does not cover the values ââof pips, but it is a concept that should be investigated further if you want to master the basics of trading in the forex market.
A complete newbie to forex trading, I am having difficulties figuring out where to look for information, but also what exactly to look for. Commodities? Bank quarterly results?
So, you want to learn how to trade currencies in the forex market? The process of trading currencies appears very straight-forward on the surface, but there's more to it than meets the eye.
Currency trading tutorial is about to receive here will give you a basic idea of ââhow things work. However, it should be noted that this tutorial is only scratching the surface. The Forex market is complex, fast and requires more seriously if you want to trade successfully.
Now that we have that the waiver form, let's start by examining the fundamental unity of all those involved in trade: the "currency pair.
What are currency pairs?
Currency pairs are units of two currencies involved in forex trading. For example, if you want to sell U.S. $ to buy euros, which would be in the exchange rate quoted for the EUR / USD. Or, if you wanted to sell Euros to buy U.S. dollars, which would be in the exchange rate quoted for the USD / EUR currency.
You may think, "Are not they the same thing?" Well, most are, but we must look to the right partner, in the correct order, based on the currency you are buying.
There are two reasons for this:
First, it is easier to calculate the results of their exchange in terms of how much of the base currency can be bought with the currency of your 'date'. Your base currency is the currency you intend to buy, and the quote currency is the currency you intend to sell for the base.
When quoting an exchange rate, your broker will list the base currency for the first time the couple and the second currency quoted.
This means that when you see a pair like EUR / USD, which is seeing the cost of 1 euro in U.S. dollars. A listing of the exchange rate of EUR / USD = 1. 4436 means that 1 euro costs U.S. $ 1.4436 Dollars.
Similarly, the USD / EUR pair indicates the cost of U.S. $ 1 in euro terms. An exchange rate of USD / EUR = 0.6834 means that one U.S. dollar costs 0.6834 euros.
The second reason to observe the correct buy / sell ordered pair is that you want to know the difference between the "bid price" the (exchange rate) and the selling price (what the market makers want to currency).
The difference between bid price and the price they ask what is known as "diffusion." Forex traders are subject to spreads when opening or closing operations in the buying. In other words, they are always subject to a margin when they buy, whether to open or close the trade.
Open buy - Dissemination>
Near sell -> no spread
Open sell -> no spread
Close to shopping - broadcast>
Say you want to buy the EUR / USD. The bid price is 1.4436. The price may be something like 1.4440. You must pay the spread of 0. 0004 to make the trade.
Those are the basics of currency trading, but there are other factors to consider. In order to make a profit in the foreign exchange you should also know how to calculate the cash value of exchange rate fluctuations in terms of "points" - or, in the jargon of the currency - 'pips value.
This currency trading tutorial does not cover the values ââof pips, but it is a concept that should be investigated further if you want to master the basics of trading in the forex market.
what determines exchange rates in forex market?
mm
Answer
What Determines Foreign Exchange (Currency) Rates
There are number of factors that contribute to changes in Forex rates. Below are some of them.
1. Interest rate movements
A rational investor will often look for the best place, in terms of returns, to park their money. If interest rates were high and outlook for the stock market is grim for example, then currency might be the better option (more attractive). Then, currency becomes more expensive due to the high demand..
Also, if you look at two countries. For example, the United States of America and Australia. Australia, at the present moment, has a higher interest rate than the US of A. Thus it makes more sense to park money here in Australia than in the US, thus earning a higher interest. Again, this will drive US Dollars down and push the Aussie Dollars up. This is what you call as⦠CARRY TRADE.
2. Central Banks Manipulation
A Central Bank can be a major player in the Forex market. It can buy and sell large sums of currencies to manipulate the market. There are many reasons to why central banks do this, but they will not be discussed here.
Bank Negara Malaysia was an influential player in the Forex market, to the point of getting a warning from Alan Greenspan, the then chairman of US Federal Reserve.
Also, referring to the 1st factor of interest rate movements, the central bank is the setter of interest rates.
3. Speculators/Traders
Pretty similar with above, the big players in the market like institutions or just people with heaps of money, they can influence Forex market movements by buying or selling large sums of currencies.
4. Unexpected News Announcements
Any unexpected political and economical news announcements can also cause movements in the Forex market.
5. Balance of Payments
Okay, this involves a few jargons like balance of payments, export, import, current accounts, deficits, and surpluses. Iâll just put them in an example.
Suppose a country is exporting goods & services more than it is importing, resulting in more money coming into the country. In this instance, the state of current account surplus is to be expected (letâs just assume that is in surplus). Large current account surplus will make the currency to appreciate.
Contrast this with a country that imports more than it exports (i.e. more money going out than coming in), in which current account deficits will exist (letâs just assume that it is in deficit). In this instance, the currency will depreciate.
All in all, we can conclude that at the end of the day, Forex rates are determined by supply and demand. If there is a high demand for a particular currency, it will appreciate. If there is a low demand for a particular currency, it will depreciate.
What Determines Foreign Exchange (Currency) Rates
There are number of factors that contribute to changes in Forex rates. Below are some of them.
1. Interest rate movements
A rational investor will often look for the best place, in terms of returns, to park their money. If interest rates were high and outlook for the stock market is grim for example, then currency might be the better option (more attractive). Then, currency becomes more expensive due to the high demand..
Also, if you look at two countries. For example, the United States of America and Australia. Australia, at the present moment, has a higher interest rate than the US of A. Thus it makes more sense to park money here in Australia than in the US, thus earning a higher interest. Again, this will drive US Dollars down and push the Aussie Dollars up. This is what you call as⦠CARRY TRADE.
2. Central Banks Manipulation
A Central Bank can be a major player in the Forex market. It can buy and sell large sums of currencies to manipulate the market. There are many reasons to why central banks do this, but they will not be discussed here.
Bank Negara Malaysia was an influential player in the Forex market, to the point of getting a warning from Alan Greenspan, the then chairman of US Federal Reserve.
Also, referring to the 1st factor of interest rate movements, the central bank is the setter of interest rates.
3. Speculators/Traders
Pretty similar with above, the big players in the market like institutions or just people with heaps of money, they can influence Forex market movements by buying or selling large sums of currencies.
4. Unexpected News Announcements
Any unexpected political and economical news announcements can also cause movements in the Forex market.
5. Balance of Payments
Okay, this involves a few jargons like balance of payments, export, import, current accounts, deficits, and surpluses. Iâll just put them in an example.
Suppose a country is exporting goods & services more than it is importing, resulting in more money coming into the country. In this instance, the state of current account surplus is to be expected (letâs just assume that is in surplus). Large current account surplus will make the currency to appreciate.
Contrast this with a country that imports more than it exports (i.e. more money going out than coming in), in which current account deficits will exist (letâs just assume that it is in deficit). In this instance, the currency will depreciate.
All in all, we can conclude that at the end of the day, Forex rates are determined by supply and demand. If there is a high demand for a particular currency, it will appreciate. If there is a low demand for a particular currency, it will depreciate.
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FOREX trading?
Posted by Ryanita
on , under
forex trading uk
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comments (0)
Q. does anyone on here make a living out of forex trading from home I might give it a go, anyone made a success out of it?
cheers whinners did they have any training software? I have just been given a load of rather expensive training software to look at, and they make it sound like a good thing to do.
I've already got the software my mate copied it for me, apparently it would cost 10,000 USD to buy, got it for free ;-), just need to look at it. Thats why I thought I would see if there was any success stories and if it was worth learning.
cheers whinners did they have any training software? I have just been given a load of rather expensive training software to look at, and they make it sound like a good thing to do.
I've already got the software my mate copied it for me, apparently it would cost 10,000 USD to buy, got it for free ;-), just need to look at it. Thats why I thought I would see if there was any success stories and if it was worth learning.
Answer
Jonno, i know some ppl who are doing this already. I am not sure if you could really make a living out of Forex trading tho.... One guy I know just lost $30000 USD in two weeks. Be careful!!
Edit..............
Sorry am I sounding too negative??.why don't try with a couple of hundred dollars to start with. I believe the leverage you can get is much higher in the UK than in the US or anywhere else in the world.
Edit.............
Jonno, books would be alot cheaper than those training software. You could sign up for a practice account just so that you can get used to the trading platform before you start playing with real money.
Jonno, i know some ppl who are doing this already. I am not sure if you could really make a living out of Forex trading tho.... One guy I know just lost $30000 USD in two weeks. Be careful!!
Edit..............
Sorry am I sounding too negative??.why don't try with a couple of hundred dollars to start with. I believe the leverage you can get is much higher in the UK than in the US or anywhere else in the world.
Edit.............
Jonno, books would be alot cheaper than those training software. You could sign up for a practice account just so that you can get used to the trading platform before you start playing with real money.
best way to learn forex trading?
I want to trade the forex and i'm looking for sites that can teach me about this market
Answer
have a look at this guide http://www.bullbearings.co.uk/fx.trading.guide.php it is very comprehensive and ideal for beginners. This site also features a forex trading simulator and it's free so you can practice and understand forex market. There are also articles from experts and real forex traders with very valuable insights.
have a look at this guide http://www.bullbearings.co.uk/fx.trading.guide.php it is very comprehensive and ideal for beginners. This site also features a forex trading simulator and it's free so you can practice and understand forex market. There are also articles from experts and real forex traders with very valuable insights.
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forex question?
Posted by Ryanita
on , under
forex questions
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comments (0)
Jack C
i'm a newbie of forex (foreign exchange currency), i wonder why most of trader using multiple monitor to see their chart, if you and experience trader please help me, tell me what are they looking on first monitor and the second one.
what are the most important of being a forex trader?
does it need a specific time to do a trading?
thank you..
Answer
Hi,
There's actually no need to use multiple monitors when trading Forex.
Although multiple monitors do help a trader to better visualise relative price movements (i.e. compare movements between currencies and time frames), you can already do that using multiple "windows" in one single monitor.
Multiple monitors are honestly more a luxury than a necessity, at least at the retail trading level.
Now, to answer your other questions...
The most important thing about being a Forex trader is money management. There are many free resources available on the internet where you can learn from.
About your last question...
There is no specific (or compulsory) time to trade, although there are better times to trade than others. The better times to trade typically coincide with the London and U.S. trading hours because of the high liquidity.
Hope I've been of help to you. If you want more information, you may like to get a free copy of my Forex trading report at http://forexsystemprofits.com
Hi,
There's actually no need to use multiple monitors when trading Forex.
Although multiple monitors do help a trader to better visualise relative price movements (i.e. compare movements between currencies and time frames), you can already do that using multiple "windows" in one single monitor.
Multiple monitors are honestly more a luxury than a necessity, at least at the retail trading level.
Now, to answer your other questions...
The most important thing about being a Forex trader is money management. There are many free resources available on the internet where you can learn from.
About your last question...
There is no specific (or compulsory) time to trade, although there are better times to trade than others. The better times to trade typically coincide with the London and U.S. trading hours because of the high liquidity.
Hope I've been of help to you. If you want more information, you may like to get a free copy of my Forex trading report at http://forexsystemprofits.com
Several questions about forex?
Bobi G
Hello everyone,
I want to start trading forex and I am still hesitating about a lot of things.
First, most people say they have bad experiece trading forex.
I know that even Warren Buffet (I don't know how to spell it exactly:)) said that: "In stocks you could predict the price of a stock, but how can you predict the price of currency")-
That in fact sounds very reasonable since we all know that in shares it's enough to read a news that some company has planned to invest some money in Rolls Royce...to say...and then you buy shares from Rolls Royce...But wherefrom you can guess that USD will not find a way up again?
Some people say that the forex brokers have very high commisions and thus you can never win? Is it me or this sounds very stupid?
How about you? What was the amount of money you started and how much you have earned?
Thanks alot!!!
Answer
Warren Buffett may not play the FOREX market but he did convert a lot of his money to Euros to hedge against the falling US dollar. The only difference is that most forex trading is done on margin. He just converted his money, he didn't leverage it as far as I know. He also bought a lot of silver a few years ago to hedge against the falling dollar. So he obviously found it easy to predict the price of the US $.
Most people that trade forex are introduced and "taught" by the brokerage firms that want them to execute as many trades as possible. Common brokerage fee in the industry is 3 pips which equates to approximately $30 USD for a $1,000 trade at a 1:100 leverage (example using EUR/USD). This is about 3%. Many traders do swing trading or interday trading. They may do several trades a day. Even doing two trades a week can hurt. 2 trades a week x 52 weeks = 104 trades a year. 3% x 104 trades = 312%. Hard to make any money when doing a lot of trading!
So why would anyone make several trades a week? Why not determine where the price of a currency pair is heading over the next 3+ months (based on whether interest rates will rise or fall according to the comments by respective banks). Have plenty of money to back up your highly leveraged account. Also, not leveraging your account as much makes it easier to absorb any negative price action. But sooooo many people start off by being told to enter and exit trades quickly so they make as many trades as possible. I believe you should invest for the long term and have enough money to support the fallbacks that will inevitably occur. A long term strategy in forex can work. But you must have enough money so you do not get called out of the trade (margin call). Forex is extremely risky. I wouldn't bet the farm on it. You can still make a ton of money by investing in stocks, if you find the right stocks. You don't need to go into forex to make money. Forex is like investing in real estate except the market value of the property can go up or down very quickly and the bank will instantly foreclose. At least in real estate they don't instantly foreclose the second the house has depreciated a little due to a down turn. In the end, it's all about the leverage. Due to the extremely high leverage allowed in forex trading there is an opportunity to lose or make money very quickly. Most fail from what I have heard.
You could also find a forex broker that is a public company (I never actually looked to see if any are!) and just buy the stock... that way you can make your 3% of other people's money on each of their trades.
Warren Buffett may not play the FOREX market but he did convert a lot of his money to Euros to hedge against the falling US dollar. The only difference is that most forex trading is done on margin. He just converted his money, he didn't leverage it as far as I know. He also bought a lot of silver a few years ago to hedge against the falling dollar. So he obviously found it easy to predict the price of the US $.
Most people that trade forex are introduced and "taught" by the brokerage firms that want them to execute as many trades as possible. Common brokerage fee in the industry is 3 pips which equates to approximately $30 USD for a $1,000 trade at a 1:100 leverage (example using EUR/USD). This is about 3%. Many traders do swing trading or interday trading. They may do several trades a day. Even doing two trades a week can hurt. 2 trades a week x 52 weeks = 104 trades a year. 3% x 104 trades = 312%. Hard to make any money when doing a lot of trading!
So why would anyone make several trades a week? Why not determine where the price of a currency pair is heading over the next 3+ months (based on whether interest rates will rise or fall according to the comments by respective banks). Have plenty of money to back up your highly leveraged account. Also, not leveraging your account as much makes it easier to absorb any negative price action. But sooooo many people start off by being told to enter and exit trades quickly so they make as many trades as possible. I believe you should invest for the long term and have enough money to support the fallbacks that will inevitably occur. A long term strategy in forex can work. But you must have enough money so you do not get called out of the trade (margin call). Forex is extremely risky. I wouldn't bet the farm on it. You can still make a ton of money by investing in stocks, if you find the right stocks. You don't need to go into forex to make money. Forex is like investing in real estate except the market value of the property can go up or down very quickly and the bank will instantly foreclose. At least in real estate they don't instantly foreclose the second the house has depreciated a little due to a down turn. In the end, it's all about the leverage. Due to the extremely high leverage allowed in forex trading there is an opportunity to lose or make money very quickly. Most fail from what I have heard.
You could also find a forex broker that is a public company (I never actually looked to see if any are!) and just buy the stock... that way you can make your 3% of other people's money on each of their trades.
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Is FOREX 4 Real?Plz Help?
Posted by Ryanita
on
Friday, January 31, 2014
, under
forex 4 you
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comments (0)
whocare
I mean can i realy make REAL good money with it or what?
&if so any advices?
&how much should i invest at the beging
Answer
Yes, Forex is real. It is the largest financial market in the world trading over $3 trillion in daily volume compared to the NYSE's $30+/- billion daily.
You can make good money...and you can lose good money. Those Forex accounts that make money far outperform most other asset classes. However, the majority of Forex traders don't make money. The key to making it in Forex is staying disciplined, using proper money management, and understanding what makes the market move. If you can master those three aspects you can be successful trading Forex.
Here is an articles we have written on the subject that could help. http://www.echocurrency.com/articles.html
Yes, Forex is real. It is the largest financial market in the world trading over $3 trillion in daily volume compared to the NYSE's $30+/- billion daily.
You can make good money...and you can lose good money. Those Forex accounts that make money far outperform most other asset classes. However, the majority of Forex traders don't make money. The key to making it in Forex is staying disciplined, using proper money management, and understanding what makes the market move. If you can master those three aspects you can be successful trading Forex.
Here is an articles we have written on the subject that could help. http://www.echocurrency.com/articles.html
Metatrader Expert Advisors - Which Forex Software Complements Metatrader 4?
Bryan W
Answer
Forex Tracer is among the better Metatrader expert advisors out there. It complements Metatrader 4 on every front, mining, analyzing and reporting on profitable spreads from the 24 hour forex market.
I've been in the Asia Pacific forex markets for over 8 years and the Forex Tracer + MetaTrader 4 combination works best in the current market scenario.
Forex Tracer is among the better Metatrader expert advisors out there. It complements Metatrader 4 on every front, mining, analyzing and reporting on profitable spreads from the 24 hour forex market.
I've been in the Asia Pacific forex markets for over 8 years and the Forex Tracer + MetaTrader 4 combination works best in the current market scenario.
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Is forex day trading legit? And if so how profitable is it?
Posted by Ryanita
on , under
forex 2 a day
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anberain
Answer
The currency trading (FOREX) market is the biggest and the fastest growing market on earth. Its daily turnover is more than 2.5 trillion dollars, which is 100 times greater than the NASDAQ daily turnover.Markets are places to trade goods. The same goes with FOREX. The Forex goods (or merchandise) are the currencies of various countries. You buy Euro, paying with USdollars, or you sell Japanese Yens for Canadian dollars. That's all.
How does one profit in Forex?
Very simple and obvious: buy cheap and sell for more! The profit is generated from the fluctuations (changes) in the currency exchange market.
The nice thing about the FOREX market, is that regular daily fluctuations, say - around 1%, are multiplied by 100! (in general, Easy-Forex⢠offers trading ratios from 1:50 to 1:200). If, for example, the exchange rate of "your" pair of currencies increased by 0.6% in the last 4 hours, your profit will be 60% on your investment! Such can happen in one business day, or in a few hours, even minutes.
This paragraph of the article just shows how profitable it is. VERY profitable. But this ain't the way to 'get rich overnight.' It requires A LOT of hard work in figuring out your own strategies and how to deal with possible losses. Forex trading is legit. But a warning that there are a lot of forex scammers out there. Check out the links below, especially the articles in the forex resources section. Its very helpful.
The currency trading (FOREX) market is the biggest and the fastest growing market on earth. Its daily turnover is more than 2.5 trillion dollars, which is 100 times greater than the NASDAQ daily turnover.Markets are places to trade goods. The same goes with FOREX. The Forex goods (or merchandise) are the currencies of various countries. You buy Euro, paying with USdollars, or you sell Japanese Yens for Canadian dollars. That's all.
How does one profit in Forex?
Very simple and obvious: buy cheap and sell for more! The profit is generated from the fluctuations (changes) in the currency exchange market.
The nice thing about the FOREX market, is that regular daily fluctuations, say - around 1%, are multiplied by 100! (in general, Easy-Forex⢠offers trading ratios from 1:50 to 1:200). If, for example, the exchange rate of "your" pair of currencies increased by 0.6% in the last 4 hours, your profit will be 60% on your investment! Such can happen in one business day, or in a few hours, even minutes.
This paragraph of the article just shows how profitable it is. VERY profitable. But this ain't the way to 'get rich overnight.' It requires A LOT of hard work in figuring out your own strategies and how to deal with possible losses. Forex trading is legit. But a warning that there are a lot of forex scammers out there. Check out the links below, especially the articles in the forex resources section. Its very helpful.
What happen behind the support/ resistance theory in Forex trading ?
Mideel
I mean a lot of experts always mention about them, so surely they aren't bullshit.
But how actually that can happen ?
When the markets buy or sell at certain price in a great size, then if later on the price comeback there if it can pass those support/resistance then it can break and move farther while if it can't break it, it will retrace back....
So what is the reason behind this ?
Answer
support/resistance applies to stocks as well as Forex or other commodities.
It is quite established and quite reliable ...the way to think of these levels is to think about the battle between buyer/seller and supply/demand
Let us say I am selling tomatoes in a market. I decide that a good price for me is $1/lb and I sell a lot of them...buyers like the price and they sell....I am running out of tomatoes so I decide to sell the tomatoes at a higher price...say $1.50...I don't sell the same number but heck I am making 50% more per pound....so I raise the price again as there are far fewer tomatoes and I don't get a new shipment for a couple of days...I raise my price to $2.00/lb....Buyers think this price is too much...they don't buy them anymore $2.00/lb is a resistance level....
I have fewer and fewer buyers so ok...I made a mistake and lower my prices back to $1.50 and I get a few more buyers...but then my next shipment arrives and I have tons of tomatoes...If I don't sell them they will spoil...So I reduce my price back to $1/lb...the buyers increase but still not enough of them to take all my tomatoes....so I reduce my price to $0.75/lb...but the buyers want them for $0.50/lb...this is below my cost....I would lose money selling them that low....I dig in my heels and demand $0.75....that $0.75 becomes a support price.
As my supply of tomatoes reduces and the demand increases for them...I can raise my prices again to $2.00 where the Buyers say they are too expensive and stop buying....this rise and fall of price goes on for some weeks....I refuse to sell less than $0.75 and the buyers refuse to pay more than $2.00
But winter comes...my resupply of tomatoes is not as great as before...I raise my prices to $2.00/lb...the buyers baulk at that price but the supply of tomatoes everywhere is very low....I stick to my price at $2.00/lb...Perhaps I am the only source of tomatoes for miles around....Suddenly I realize that the buyer WILL pay more for those tomatoes...I raise my prices to $2.25 People buy because they need those tomatoes...I have broken that resistance at $2.00.....NOW I say that will be my bottom price for the next while until the spring when tomatoes are plentiful again.....that resistance of $2.00 has now changed into a support level....
I don't know where the resistance level of the buyer is now so I gradually increase my price until I find where the Buyers say no....that becomes the next resistance level.
The same thing happens to stock price, forex and commodities....when you study charts you will see support/resistance levels establish themselves...Often for no apparent reason these levels last many months...when the price breaks these levels up or down the movement can be pretty strong...especially if the price rises to a resistance or falls to a support only to rebound in a reverse direction to try again.
Think of it like a battering ram hitting a door....repeated hits weaken the door and when it breaks people rush through to the next door....the more difficult it is to pass these levels the harder it is to reverse backward once passed.
I hope these analogies help sometimes it makes it easier to think of stock/forex/commodity prices as a battle between buyer/seller.
support/resistance applies to stocks as well as Forex or other commodities.
It is quite established and quite reliable ...the way to think of these levels is to think about the battle between buyer/seller and supply/demand
Let us say I am selling tomatoes in a market. I decide that a good price for me is $1/lb and I sell a lot of them...buyers like the price and they sell....I am running out of tomatoes so I decide to sell the tomatoes at a higher price...say $1.50...I don't sell the same number but heck I am making 50% more per pound....so I raise the price again as there are far fewer tomatoes and I don't get a new shipment for a couple of days...I raise my price to $2.00/lb....Buyers think this price is too much...they don't buy them anymore $2.00/lb is a resistance level....
I have fewer and fewer buyers so ok...I made a mistake and lower my prices back to $1.50 and I get a few more buyers...but then my next shipment arrives and I have tons of tomatoes...If I don't sell them they will spoil...So I reduce my price back to $1/lb...the buyers increase but still not enough of them to take all my tomatoes....so I reduce my price to $0.75/lb...but the buyers want them for $0.50/lb...this is below my cost....I would lose money selling them that low....I dig in my heels and demand $0.75....that $0.75 becomes a support price.
As my supply of tomatoes reduces and the demand increases for them...I can raise my prices again to $2.00 where the Buyers say they are too expensive and stop buying....this rise and fall of price goes on for some weeks....I refuse to sell less than $0.75 and the buyers refuse to pay more than $2.00
But winter comes...my resupply of tomatoes is not as great as before...I raise my prices to $2.00/lb...the buyers baulk at that price but the supply of tomatoes everywhere is very low....I stick to my price at $2.00/lb...Perhaps I am the only source of tomatoes for miles around....Suddenly I realize that the buyer WILL pay more for those tomatoes...I raise my prices to $2.25 People buy because they need those tomatoes...I have broken that resistance at $2.00.....NOW I say that will be my bottom price for the next while until the spring when tomatoes are plentiful again.....that resistance of $2.00 has now changed into a support level....
I don't know where the resistance level of the buyer is now so I gradually increase my price until I find where the Buyers say no....that becomes the next resistance level.
The same thing happens to stock price, forex and commodities....when you study charts you will see support/resistance levels establish themselves...Often for no apparent reason these levels last many months...when the price breaks these levels up or down the movement can be pretty strong...especially if the price rises to a resistance or falls to a support only to rebound in a reverse direction to try again.
Think of it like a battering ram hitting a door....repeated hits weaken the door and when it breaks people rush through to the next door....the more difficult it is to pass these levels the harder it is to reverse backward once passed.
I hope these analogies help sometimes it makes it easier to think of stock/forex/commodity prices as a battle between buyer/seller.
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Why do forex charts look like this (link supplied)?
Posted by Ryanita
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forex charts
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tmac54445
I am wondering is there an explanation for these immediate sell offs shown at the begining of the day:
http://finance.yahoo.com/currency/convert?from=EUR&to=USD&amt=1&t=5d
Are these common?
Answer
Yeah this is why I just use a Forex trading system.
What you do (and what I did) is make sure the trading system has a 60 day money back guarantee first; then make sure you can use a demo account. A demo account let's you play the trading game with "play money" so you can see if you can profit from the trading system without investing your real cash.
Use the demo account for 59 days and if you see you can make profit you keep the system and invest your real cash. If there's no profit to be made you get a refund and try another system; there's literally no risk when buying one.
If you're interested I found reviews of the top 3 Forex trading systems: http://forex-tracer.the-perfect-solution.com/
Yeah this is why I just use a Forex trading system.
What you do (and what I did) is make sure the trading system has a 60 day money back guarantee first; then make sure you can use a demo account. A demo account let's you play the trading game with "play money" so you can see if you can profit from the trading system without investing your real cash.
Use the demo account for 59 days and if you see you can make profit you keep the system and invest your real cash. If there's no profit to be made you get a refund and try another system; there's literally no risk when buying one.
If you're interested I found reviews of the top 3 Forex trading systems: http://forex-tracer.the-perfect-solution.com/
forex charting?
fadimanar
Answer
http://www.forex-markets.com/charts.htm
http://www.forex-markets.com/charts.htm
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Forex Automoney vs. Forex Autopilot
Posted by Ryanita
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forex autopilot
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Porsche Bo
Hello,
Complete newbie, never invested before.
Looking for the easiest and most reliable way to invest with FOREX.
Forex Automoney Signal Software or Forex Autopilot Software (FAPS)
I am willing to start with $1000.
?? How much do brokerages charge to make a trade?
Answer
Let see how expert review Forex Automoney.
I have not seen anything posted on Rip-Off Report about Forex Automoney but Forex Autopilot has.
Check it out!
Forex Automoney Review:
http://Forex-Automoney-Review.com
Let see how expert review Forex Automoney.
I have not seen anything posted on Rip-Off Report about Forex Automoney but Forex Autopilot has.
Check it out!
Forex Automoney Review:
http://Forex-Automoney-Review.com
forex autopilot system?
darionjame
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.
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.
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Why do forex charts look like this (link supplied)?
Posted by Ryanita
on , under
forex charts
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comments (0)
tmac54445
I am wondering is there an explanation for these immediate sell offs shown at the begining of the day:
http://finance.yahoo.com/currency/convert?from=EUR&to=USD&amt=1&t=5d
Are these common?
Answer
Yeah this is why I just use a Forex trading system.
What you do (and what I did) is make sure the trading system has a 60 day money back guarantee first; then make sure you can use a demo account. A demo account let's you play the trading game with "play money" so you can see if you can profit from the trading system without investing your real cash.
Use the demo account for 59 days and if you see you can make profit you keep the system and invest your real cash. If there's no profit to be made you get a refund and try another system; there's literally no risk when buying one.
If you're interested I found reviews of the top 3 Forex trading systems: http://forex-tracer.the-perfect-solution.com/
Yeah this is why I just use a Forex trading system.
What you do (and what I did) is make sure the trading system has a 60 day money back guarantee first; then make sure you can use a demo account. A demo account let's you play the trading game with "play money" so you can see if you can profit from the trading system without investing your real cash.
Use the demo account for 59 days and if you see you can make profit you keep the system and invest your real cash. If there's no profit to be made you get a refund and try another system; there's literally no risk when buying one.
If you're interested I found reviews of the top 3 Forex trading systems: http://forex-tracer.the-perfect-solution.com/
forex charting?
fadimanar
Answer
http://www.forex-markets.com/charts.htm
http://www.forex-markets.com/charts.htm
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Forex education needed, words, robots, trading etc?
Posted by Ryanita
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forex education
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broo204
I wanna learn what words, things needed to trade, how they work, when they work etc. I just need to get educated so i understand what things mean and do in the Forex market. thanks for the help.
I want websites that will teach me the lingo of Forex AND, I cant say that enough I am really interested in the forex robots, Fapturbo is the one i want after reading reviews. And am i able to use a forex robot without a broker, that is a very important thing for me to know. I dont need other info just these few things hope you can help. thanks guys : )
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.
P.S I have never heard of a automated Forex program for home use that actually works, although a lot of people on the internet try to hawk programs they claim work. However, I am sure the professionals that constitute most of the Forex market have better programs that you are able to buy. Once again, you are playing at a disadvantage.
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.
P.S I have never heard of a automated Forex program for home use that actually works, although a lot of people on the internet try to hawk programs they claim work. However, I am sure the professionals that constitute most of the Forex market have better programs that you are able to buy. Once again, you are playing at a disadvantage.
Free Forex Education?
Lica
Where can I learn about forex?
Answer
http://www.forextko.com offers FX education, real-time exchange rates, forex news, currency analysis, market forecasts and daily technical charts, Forex reviews of brokers, trading signal providers, courses, ebooks and managed accounts. They also offer a free book on forex for beginners http://forextko.com/Education
http://www.forextko.com offers FX education, real-time exchange rates, forex news, currency analysis, market forecasts and daily technical charts, Forex reviews of brokers, trading signal providers, courses, ebooks and managed accounts. They also offer a free book on forex for beginners http://forextko.com/Education
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explain this FOREX to me in street words please !!?
Posted by Ryanita
on , under
forex street
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Pilot777
This paragraph from a website and i want to understand it in street words , please tell me what is saying here in simple words :
"Because you're not buying anything physical, this kind of trading can be confusing. Think of buying a currency as buying a share in a particular country. When you buy, say, Japanese Yen, you are in effect buying a share in the Japanese economy, as the price of the currency is a direct reflection of what the market thinks about the current and future health of the Japanese economy.
In general, the exchange rate of a currency versus other currencies is a reflection of the condition of that country's economy, compared to the other countries' economies. "
Answer
Find a better website. They couldn't explain a circle without confusing someone.
When trading in Forex, you are buying and selling currencies, one against another. You buy yen using dollars. Later on, you have to sell yen and get dollars back to finish the trade. You can do this with any currency pair, and you can buy either one first.
Buy yen with euros.
Buy sterling with chinese yuan.
Whatever.
You just have to do the other half later on to close the trade.
Is that more clear?
Find a better website. They couldn't explain a circle without confusing someone.
When trading in Forex, you are buying and selling currencies, one against another. You buy yen using dollars. Later on, you have to sell yen and get dollars back to finish the trade. You can do this with any currency pair, and you can buy either one first.
Buy yen with euros.
Buy sterling with chinese yuan.
Whatever.
You just have to do the other half later on to close the trade.
Is that more clear?
I need forex help!!!!!!!!!!?
Mi R
I understand how forex trading work's but i don't quite get the basics behind the supply and the demand that drives the market.
I read that if the supply of the USD is getting larger and the demand is getting lesser the USD will lose value.How can the demand for money drop.We all want it.
Answer
Don't confuse the demand for money with the demand for US money. Assume some wealthy person in New York has $10M US dollars in a bank down the street. Then assume that the Federal Reserve chooses to increase the US money supply by printing $700B additional dollar bills of various denominations in order to say, fund the bailout package currently being voted on in the house of representatives. Ceterus paribus, the supply of US dollars is increasing while demand remains static, which according to the basic tenets of economics would drive down the price people are willing to pay for it. This means that the US dollar is going to depreciate relative to other currencies, so the wealthy New Yorker might choose to exchange some of his $10M for â¬2M Euros because the Euro is expected to hold its value or appreciate. So his demand for money is not dropping, his demand for US money simply declines just as his demand for a foreign money increases. Make sense?
Don't confuse the demand for money with the demand for US money. Assume some wealthy person in New York has $10M US dollars in a bank down the street. Then assume that the Federal Reserve chooses to increase the US money supply by printing $700B additional dollar bills of various denominations in order to say, fund the bailout package currently being voted on in the house of representatives. Ceterus paribus, the supply of US dollars is increasing while demand remains static, which according to the basic tenets of economics would drive down the price people are willing to pay for it. This means that the US dollar is going to depreciate relative to other currencies, so the wealthy New Yorker might choose to exchange some of his $10M for â¬2M Euros because the Euro is expected to hold its value or appreciate. So his demand for money is not dropping, his demand for US money simply declines just as his demand for a foreign money increases. Make sense?
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Stock vs Forex for trading? Pros/Cons?
Posted by Ryanita
on
Thursday, January 30, 2014
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forex vs stocks
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comments (0)
BadBoyNice
Can you get rich with forex trading like you can with trading shares?
What is better?
I am thinking that forex is better because the market is opened pretty much anytime thus I would be able to keep a day job and trade too. Forex trading does not seem like there is much to it, as in... the news does not effect it does it? Like for companies once a company releases something publicly then the market gets effected. Is forex like that too?
I am completely new to Forex and just found out about it yesterday... Is forex trading just based off of pattern analysis?
Answer
First things first, you are new to Forex trading and at first you say it appears to you that there is not much to it. This opinion is normal for people new to Forex but when you get experience you will soon realize just how much you don't know and it is lifetime learning material. Trading Forex is also very hard and high risk so don't be under any disillusion; however the potential to make more money fast exists as does the potential to lose.
Stocks are much lower risk in contrast and of course will be less profitable but returns are safer, more secure and consistent... but this is relative.
Contrary to your initial thoughts the news does affect the Forex market a lot and that is why there is an economic calendar of scheduled news on all major Forex news sites. Forex is trading with leverage and because of that profits and losses are magnified sometimes by 400x or more, which means you can lose your initial deposit or make a lot of money within the day, if you are careless.
To trade Forex successfully you need to learn how to interpret the economic news, understand technical analysis and develop your own psychology to handle the market with real money. It is possible to become consistently profitable but you need a lot of experience and the right attitude.
Since it is a zero sum game those making money in Forex have to be much better than the average trader, and they have to have the right tools to beat the average trader (which includes having more funds). It also helps to be with a good STP/ECN broker that does not interfere with trades.
Here are some good websites that can help:
http://www.forexfactory.com/ - Biggest Forex website, forum, news, economic calendar
http://www.babypips.com/ - Forex educational website
http://www.investopedia.com/ - Finance educational website
http://www.investing.com/ - Forex, CFDs, Binary Options, Stocks news and information portal
http://www.xglobalmarkets.com/ - ECN-STP broker
First things first, you are new to Forex trading and at first you say it appears to you that there is not much to it. This opinion is normal for people new to Forex but when you get experience you will soon realize just how much you don't know and it is lifetime learning material. Trading Forex is also very hard and high risk so don't be under any disillusion; however the potential to make more money fast exists as does the potential to lose.
Stocks are much lower risk in contrast and of course will be less profitable but returns are safer, more secure and consistent... but this is relative.
Contrary to your initial thoughts the news does affect the Forex market a lot and that is why there is an economic calendar of scheduled news on all major Forex news sites. Forex is trading with leverage and because of that profits and losses are magnified sometimes by 400x or more, which means you can lose your initial deposit or make a lot of money within the day, if you are careless.
To trade Forex successfully you need to learn how to interpret the economic news, understand technical analysis and develop your own psychology to handle the market with real money. It is possible to become consistently profitable but you need a lot of experience and the right attitude.
Since it is a zero sum game those making money in Forex have to be much better than the average trader, and they have to have the right tools to beat the average trader (which includes having more funds). It also helps to be with a good STP/ECN broker that does not interfere with trades.
Here are some good websites that can help:
http://www.forexfactory.com/ - Biggest Forex website, forum, news, economic calendar
http://www.babypips.com/ - Forex educational website
http://www.investopedia.com/ - Finance educational website
http://www.investing.com/ - Forex, CFDs, Binary Options, Stocks news and information portal
http://www.xglobalmarkets.com/ - ECN-STP broker
Forex vs Stock risks?
Robi da ko
Ok i will not go in detail which is best, i'll only ask you to say which has more risks
Answer
Forex is riskier due to leveraged trades. Given the volume involved, the amount of leverage / margin gets amplified, leading to either huge profits or huge loss. For experienced forex traders, though, it's all part of the profit game.
Forex is riskier due to leveraged trades. Given the volume involved, the amount of leverage / margin gets amplified, leading to either huge profits or huge loss. For experienced forex traders, though, it's all part of the profit game.
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forex @ 10 pips per day?
Posted by Ryanita
on , under
forex pip
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comments (0)
wes2eas
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:
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?
none g
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.
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.
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Why does 95% of forex traders lose?
Posted by Ryanita
on
Wednesday, January 29, 2014
, under
forex heat map
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comments (0)
kumar
Answer
I believe that most traders lose because of trades based on emotions and they do not have a proper money management plan and understand basic concepts such as forex margin and leverage. I would not say that technical analysis does not work but i would say that it is limited in what it does. I believe to win trade the forex market one should be disciplined, well capitalized, trade longer time frames and use technical analysis with a blending of heat maps such as what Mark described above.
To learn forex margin and leverage you can go to http://www.forex-margin.net
All the best,
Amit.
I believe that most traders lose because of trades based on emotions and they do not have a proper money management plan and understand basic concepts such as forex margin and leverage. I would not say that technical analysis does not work but i would say that it is limited in what it does. I believe to win trade the forex market one should be disciplined, well capitalized, trade longer time frames and use technical analysis with a blending of heat maps such as what Mark described above.
To learn forex margin and leverage you can go to http://www.forex-margin.net
All the best,
Amit.
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How much can you make Forex Trading and how much do you risk?
Posted by Ryanita
on , under
forex leverage
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comments (0)
kasparov
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.
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.
What should I trade out of stocks or forex that would be easiest to trade and make the most money out of?
William M
I am going to be 18 in 26 days and I want to become a millionaire quickly by trading either stocks or forex. I want to know in your opinion which of them would make the best vehicle to trade to make the easiest, quickest path to wealth? Also, when I say easy, I don't mean that it would be easy to do, but easy in terms of currencies and stocks to choose from and the least complicated to research out of the two. Good, reasonable answers would be much appreciated. Thanks!
Answer
Both Stocks, options, or trading forex are not generally easy to learn right off the bat. It depends on
A. How much money you have to work with if you are trading stocks or options you should have at least $3,000 to $5,000 to start with. You want to use all you money to begin trading, in case you lose you want to have enough to keep going. With forex you can start out with less because you can leverage your account trading with a mini or micro account -- You can start out with $1000 some brokers let you start with $500.
B. You need to get educated about stocks and reading charts either way. Personally I spent thousands to learn how to read charts, manage money, how to set your stop loses, control my emotions while trading(VERY important), etc etc. Remember only about 3% or traders out there actually make money on a consistent basis. Thatâs because they under stand technical analysis, and fundamental analysis.
The pro's are just taking money from the people that don't get a good education.
The good part is once you learn this you know this and do it for a long time.
One way you can start learning is by paper trading to learn different strategies before you start the real thing. The down side is real trading is still a lot different from paper trading. I still do this if I am trying a new strategy.
One shortcut using Forex is to subscribe to a call service or forex signals. They will look at the markets and find a high probability trade and they will tell you where to enter a trade and where to take profit, and where to set your stop loss.
One service I found offers a 2-week free trial, to the service- you can paper trade it to see how it works. I think itâs the only one that has a free trial. He also shows how he made the trade so you can learn how to do this on your own.
Good luck!
Both Stocks, options, or trading forex are not generally easy to learn right off the bat. It depends on
A. How much money you have to work with if you are trading stocks or options you should have at least $3,000 to $5,000 to start with. You want to use all you money to begin trading, in case you lose you want to have enough to keep going. With forex you can start out with less because you can leverage your account trading with a mini or micro account -- You can start out with $1000 some brokers let you start with $500.
B. You need to get educated about stocks and reading charts either way. Personally I spent thousands to learn how to read charts, manage money, how to set your stop loses, control my emotions while trading(VERY important), etc etc. Remember only about 3% or traders out there actually make money on a consistent basis. Thatâs because they under stand technical analysis, and fundamental analysis.
The pro's are just taking money from the people that don't get a good education.
The good part is once you learn this you know this and do it for a long time.
One way you can start learning is by paper trading to learn different strategies before you start the real thing. The down side is real trading is still a lot different from paper trading. I still do this if I am trying a new strategy.
One shortcut using Forex is to subscribe to a call service or forex signals. They will look at the markets and find a high probability trade and they will tell you where to enter a trade and where to take profit, and where to set your stop loss.
One service I found offers a 2-week free trial, to the service- you can paper trade it to see how it works. I think itâs the only one that has a free trial. He also shows how he made the trade so you can learn how to do this on your own.
Good luck!
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how to set up a Forex signal provider?
Posted by Ryanita
on , under
forex signal providers
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comments (0)
I am looking into creating my own website and sending out signals. I have got the pages in order, but i dont know how to send out the signals. Is there a way to do that through a website itself?
I plan on sending out the signals through email and yahoo messenger. Is there an automated way to do both at once in bulk?
I wanna send out my own signals.. How can i do that
Answer
New to Forex Trading Systems â Find Out About the Basics Here!
New to Forex Trading Systems â Find Out About the Basics Here!
Where to get free forex charts and analysis?
so5150
Where can i get free technical analysis for forex pairs?
Answer
Go to http://www.forextko.com it is a great website.
Forex Technical Knock Out
ForexTKO offers FX education, real-time exchange rates, forex
news, currency analysis, market forecasts and daily technical
charts, Forex reviews of brokers, trading signal providers, courses,
ebooks and managed accounts. Everything to do with forex, from
information for beginners to some of the most advanced strategies.
Daily and Weekly charts what to trade and when to trade.
Go to http://www.forextko.com it is a great website.
Forex Technical Knock Out
ForexTKO offers FX education, real-time exchange rates, forex
news, currency analysis, market forecasts and daily technical
charts, Forex reviews of brokers, trading signal providers, courses,
ebooks and managed accounts. Everything to do with forex, from
information for beginners to some of the most advanced strategies.
Daily and Weekly charts what to trade and when to trade.
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What time exactly is the forex rate set?
Posted by Ryanita
on , under
forex quotes
|
comments (0)
Mick
I am wondering what time does the trading on forex close so the ratios are know for the next day. Thanks
Answer
Forex is traded electronically in time zones all over the world, from Sunday 5pm to Friday 5pm New York time. There is no set spot price for a currency pair. It changes continuously. Banks and brokers can quote slightly different rates.
Forex is traded electronically in time zones all over the world, from Sunday 5pm to Friday 5pm New York time. There is no set spot price for a currency pair. It changes continuously. Banks and brokers can quote slightly different rates.
What does it mean to place an order inside the spread?
bboyballer
This is regarding the FOREX
Do you think FOREX is gambling?
Answer
Like any quote you can try and do better. Lets say a share price is quoted as 100-110 by a market maker. As you know he is obliged to make a quote in a certain size depending on the stock. There is nothing to stop you saying " I will buy 10000 at 106 (it is usually best to go somewhere just over the middle price)"
Maybe it will suit him and he will agree, or maybe counter with 107 (you could try 106.5, depends on the size of the bargain.
Same with currency. You will normally be quoted a bog standard price. So if you are trading a reasonably large number you put something to the dealer.
With smaller priced shares it is possible to get stock at or below the offer price (in size). This is why you shouldn't take too much notce of the red/blue colour of trades as it does not always mean sell or buy. If you want to learn more go to http://www.shareworld.co.uk and ask questions.
Like any quote you can try and do better. Lets say a share price is quoted as 100-110 by a market maker. As you know he is obliged to make a quote in a certain size depending on the stock. There is nothing to stop you saying " I will buy 10000 at 106 (it is usually best to go somewhere just over the middle price)"
Maybe it will suit him and he will agree, or maybe counter with 107 (you could try 106.5, depends on the size of the bargain.
Same with currency. You will normally be quoted a bog standard price. So if you are trading a reasonably large number you put something to the dealer.
With smaller priced shares it is possible to get stock at or below the offer price (in size). This is why you shouldn't take too much notce of the red/blue colour of trades as it does not always mean sell or buy. If you want to learn more go to http://www.shareworld.co.uk and ask questions.
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Website Traffic and Good Search Engine Rankings?
Posted by Ryanita
on
Tuesday, January 28, 2014
, under
forex directory
|
comments (0)
First Leve
How do I get more traffic directed to http://www.Forex-Publishing.com and find people intrested in reading our publishers articles about Forex and how to jump start their forex business using forex robot software?
Answer
The answer to all your queries is SEO...i had get it done for my site from complete web solution provider of India. They did number of things like
Article Posting
Directory Submission
Link Building
On-page optimization
off-page optimization
email marketing
banner advertising
ppc
Look out for companies who could provide you complete SEO package from countries like, china etc bcoz they offer services at affordable rates.
The answer to all your queries is SEO...i had get it done for my site from complete web solution provider of India. They did number of things like
Article Posting
Directory Submission
Link Building
On-page optimization
off-page optimization
email marketing
banner advertising
ppc
Look out for companies who could provide you complete SEO package from countries like, china etc bcoz they offer services at affordable rates.
what is the telephone of the forex cargo here in cagayan de Oro?
Jouie Ann
Answer
If they have an office then you could try on finding their phone number in the directory or call directory assistance.
I only found a number for forex cargo pickups +1(323)449-5468
If they have an office then you could try on finding their phone number in the directory or call directory assistance.
I only found a number for forex cargo pickups +1(323)449-5468
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How do people lose money in Forex trading ? ( 10 points for best and serious answer )?
Posted by Ryanita
on , under
forex news feed
|
comments (1)
fluke
I want to know about Forex trading (just for my knowledge )
I do not understand how 95 % people lose money ?
is there any given time that you can hold the currency ? or can you hold it for a long time(like 1 year ) (like stocks ) and sell it ?
if some one starts with $10 ,what is the maximum that he can earn from ONE DAY (assume that he is the best forex trader in the world) :P ?
Answer
95% of Forex traders lose because they are amateurs with more hopes than skills. They play against seasoned professionals who have been doing this for a living over many years, equipped with the latest in news feeds, computers and algorithms.
What makes you think amateurs have much chance of winning against them? there will be one or two here & there, but the vast majority will lose most or everything they invest.
The $10 you mention is a rounding error in the trades of the professionals. You will need several thousand dollars to even start.
Best to go and borrow some books on Forex from your library, and read them. You will be far more informed, and in a better position to succeed.
95% of Forex traders lose because they are amateurs with more hopes than skills. They play against seasoned professionals who have been doing this for a living over many years, equipped with the latest in news feeds, computers and algorithms.
What makes you think amateurs have much chance of winning against them? there will be one or two here & there, but the vast majority will lose most or everything they invest.
The $10 you mention is a rounding error in the trades of the professionals. You will need several thousand dollars to even start.
Best to go and borrow some books on Forex from your library, and read them. You will be far more informed, and in a better position to succeed.
What is the best Forex Trading strategy in a dealing simulation (over-the-counter)?
Mundane
Currently a university student in Australia, majoring in Economics and Finance. This semester, I am doing a finance course where I am expected to go to a dealing room and start trading - dealing simulation. So, there will be two groups where companies will be quoting from banks (companies and banks).
I'm out of ideas as to how I should trade and be the best in the dealing room, in terms of strategy. Any ideas? Five stars for best answer. Thanks!
Answer
Download NinjaTrader for free and use their built-in simulator and start trading now real-time, with professional indicators and charts. At the very least, you'll get a feel for actual trading and terms and definitions and what it all means. Your finance class should give you ideas on how to make money. Otherwise, email me, and I'll send you some ebooks on Forex trading. You'll have to send me your email address for me to send an attachment.
http://www.ampfutures.com/index.php
They won't require you to fund the account for several months, maybe six months. The data feeds for forex and futures are also free.
You can also download ThinkOrSwim for free also, but won't have access to the data for export/import into Excel or other program, where Ninjatrader you do. Ninjatrader is great for the small trader, and you can start with as little as $500.
http://www.babypips.com/school/market_hours.html
http://news.tradingcharts.com/forex/headlines/Forex.html
http://forex-trading.bluecollarnews.com...
http://www.forex-learning.com/forex-trading-technical-analysis/forex-trading-technical-analysis
useful e books:
http://www.rapidforex.com/
http://www.traderssecretcode.com...
http://www.1forextrading.com/
http://forexmarketsuccess.com/forex-ebook/
Forex simulator:
http://fxtrader.investopedia.com/Registration/Register4.aspx
Download NinjaTrader for free and use their built-in simulator and start trading now real-time, with professional indicators and charts. At the very least, you'll get a feel for actual trading and terms and definitions and what it all means. Your finance class should give you ideas on how to make money. Otherwise, email me, and I'll send you some ebooks on Forex trading. You'll have to send me your email address for me to send an attachment.
http://www.ampfutures.com/index.php
They won't require you to fund the account for several months, maybe six months. The data feeds for forex and futures are also free.
You can also download ThinkOrSwim for free also, but won't have access to the data for export/import into Excel or other program, where Ninjatrader you do. Ninjatrader is great for the small trader, and you can start with as little as $500.
http://www.babypips.com/school/market_hours.html
http://news.tradingcharts.com/forex/headlines/Forex.html
http://forex-trading.bluecollarnews.com...
http://www.forex-learning.com/forex-trading-technical-analysis/forex-trading-technical-analysis
useful e books:
http://www.rapidforex.com/
http://www.traderssecretcode.com...
http://www.1forextrading.com/
http://forexmarketsuccess.com/forex-ebook/
Forex simulator:
http://fxtrader.investopedia.com/Registration/Register4.aspx
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How do you trade and what do you trade?
Posted by Ryanita
on , under
forex or stocks
|
comments (0)
Q. OK, please say at least your prefered method...:
For example:
1. Do you use some technical analysis models, such as moving average...etc?
2. Fundamental analysis such as reading the news 24/7?
3. Software like neural networks?
4. Mathematical models such as Heston, CAPM etc...
Also, what do you trade and why? For example: forex, stocks, cfd, indexes?
Thanks alot!
For example:
1. Do you use some technical analysis models, such as moving average...etc?
2. Fundamental analysis such as reading the news 24/7?
3. Software like neural networks?
4. Mathematical models such as Heston, CAPM etc...
Also, what do you trade and why? For example: forex, stocks, cfd, indexes?
Thanks alot!
Answer
I NORMALLY USE EITHER A CRYSTAL BALL OR THE DICE an my track record is pretty good ha lol just joking i use technical analysis such has ratios balance sheets, cash flow statements an i look around and see if this companys are building new stores factories in this time of recession such has lowes, home depo, banck of america you get the point technical analisys works great when your looking at the past but it won't show you the future
I NORMALLY USE EITHER A CRYSTAL BALL OR THE DICE an my track record is pretty good ha lol just joking i use technical analysis such has ratios balance sheets, cash flow statements an i look around and see if this companys are building new stores factories in this time of recession such has lowes, home depo, banck of america you get the point technical analisys works great when your looking at the past but it won't show you the future
Best brokerage for Forex, Stocks and Bullion?
Selva
I want to do Bullion's,Forex and stock/futures trading in US, indian and Nikkei stocks.
Any suggestions?
Answer
For trading all of those markets in a single account, you can consider Interactive brokers.
You can also spend some time reading reviews about any broker at any reviews website like http://forextopten.com/brokers/
For trading all of those markets in a single account, you can consider Interactive brokers.
You can also spend some time reading reviews about any broker at any reviews website like http://forextopten.com/brokers/
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Why is the Japanese Yen worth so little when everything in Japan is so expensive?
Posted by Ryanita
on
Monday, January 27, 2014
, under
forex yen dollar
|
comments (0)
Andrea
I've asked tons of people, even an economist and no one knows the answer.. the Yen is far less than the American dollar yet everything is so much more expensive in comparison to things we buy here.. how is that possible?
Answer
I think that depends on what you mean by 'worth so little'.
1) The tiny exchange rate.
Today's JPY/USD exchange rate was 0.00961 and that may have prompted you to say "that's worth so little", but what a lot of people outside of Japan don't realize is that the Yen is the smallest denomination of currency used in retail, in other words the Japanese Yen is the Japanese penny. Other countries which use the dollar such as the U.S., Canada, Australia etc. use Dollars AND Cents. Dollars and cents are the same currency but refer to different denominations of the same money. Another way of thinking about it is the Japanese only buy things in 'Japanese pennies', so at the current exchange rate 1 Japanese penny (yen) is slightly less than 1 U.S. penny. From that perspective I don't think prices in Japan are that outrageous. When I was in Tokyo last month a can of Coke was 120 yen (US$1.15) and a BigMac was 280 yen (US$2.69) and it actually looked like the photo on the menu!
2) Low to virtually non-existent interest rates.
This is for you ForEx junkies but as you may know Japan has been on a deflationary fall for about a decade and the Central Bank of Japan has kept interest rates as near zero as possible making the Yen less attractive, but with a plumetting US dollar and Japanese prime real estate ripe for the picking the Yen has seen a sharp spike recently. It may be a good time to hold some Yen on the short.
I think that depends on what you mean by 'worth so little'.
1) The tiny exchange rate.
Today's JPY/USD exchange rate was 0.00961 and that may have prompted you to say "that's worth so little", but what a lot of people outside of Japan don't realize is that the Yen is the smallest denomination of currency used in retail, in other words the Japanese Yen is the Japanese penny. Other countries which use the dollar such as the U.S., Canada, Australia etc. use Dollars AND Cents. Dollars and cents are the same currency but refer to different denominations of the same money. Another way of thinking about it is the Japanese only buy things in 'Japanese pennies', so at the current exchange rate 1 Japanese penny (yen) is slightly less than 1 U.S. penny. From that perspective I don't think prices in Japan are that outrageous. When I was in Tokyo last month a can of Coke was 120 yen (US$1.15) and a BigMac was 280 yen (US$2.69) and it actually looked like the photo on the menu!
2) Low to virtually non-existent interest rates.
This is for you ForEx junkies but as you may know Japan has been on a deflationary fall for about a decade and the Central Bank of Japan has kept interest rates as near zero as possible making the Yen less attractive, but with a plumetting US dollar and Japanese prime real estate ripe for the picking the Yen has seen a sharp spike recently. It may be a good time to hold some Yen on the short.
What is a foreign exchange rate? How do foreign exchange rates affect imports and exports?
Pedro S
Pick a country and tell me about the exchange rate of the U.S. dollar versus that country. Has the exchange rate changed recently? Why?
Answer
In finance, the exchange rates (also known as the foreign-exchange rate, forex rate or FX rate) between two currencies specifies how much one currency is worth in terms of the other. For example an exchange rate of 123 Japanese yen (JPY, ¥) to the United States dollar (USD, $) means that JPY 123 is worth the same as USD 1. The foreign exchange market is one of the largest markets in the world. By some estimates, about 2 trillion USD worth of currency changes hands every day.
In finance, the exchange rates (also known as the foreign-exchange rate, forex rate or FX rate) between two currencies specifies how much one currency is worth in terms of the other. For example an exchange rate of 123 Japanese yen (JPY, ¥) to the United States dollar (USD, $) means that JPY 123 is worth the same as USD 1. The foreign exchange market is one of the largest markets in the world. By some estimates, about 2 trillion USD worth of currency changes hands every day.
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please can someone give me a link to forex brokers?
Posted by Ryanita
on , under
forex directory
|
comments (0)
dguru77
i need a site link or directory of good forex brokers
Answer
Hello you can try http://www.reliableforexbrokers.com/forex-bonus.html
i use them also
Hello you can try http://www.reliableforexbrokers.com/forex-bonus.html
i use them also
i need help promoting clickbank products?
Alex C
BEEN DOING IT A FEW MONTHS NOW AND STILL NO SUCCESS! PLEASEEEEEEEEEEE HELP!
Answer
Firstly, don't try to sell the entire marketplace. Start out by picking 1 or 2 niches to promote. Do not pick weight loss, internet marketing or forex products. The competition is too stiff. As you view the marketplace you want to pick a product that has a moderate gravity. This number will vary but, I would stick with 30 to 150. This means the product is converting well and affiliates are making money. If you chose a product with an extremely high gravity, then you run into extreme competition which can be very frustrating. The next number I look at is the %ref. I want this number to be over 75%. What this number means is that 75% of the sales is coming from affiliates while the other portion is from direct marketing of the website. The higher this number the better. A low number means that the product is most likely sold through other means than affiliates. You don't want that.
Once you've selected a good quality high converting product, you need to do some keyword research. Sometimes I will take an entire day dedicated to keyword research because it is extremely important. Your goal is to chose a low competition, highly searched term or phrase. You should select at least 5 to 7 keywords/phrases to start.
Now you need to set up a blog at blogger or wordpress and write entries using your keywords/phrases appropriately and be sure to anchor text your keywords with your Clickbank hoplink.
Submit your URL to Google, Yahoo and Bing.
Ping your blog at ping-o-matic
Submit your RSS feed to RSS directories.
You should write 1 to 2 articles per week for about a month maybe more depending on the keywords you've chosen.
Now you need to take those same keywords/phrases and write some good quality articles and submit those to article directories. Be sure to link back to your BLOG not hoplink in those articles.
You need to try to write and submit 3 to 5 articles per day for about 2 weeks. Google your keywords and see if you are ranking in the top 10, if not, then you might need to select a new set of keywords and start the process all over again.
Making money with Clickbank has gotten harder but it is not impossible. It takes hard work, determination and time-management.
Firstly, don't try to sell the entire marketplace. Start out by picking 1 or 2 niches to promote. Do not pick weight loss, internet marketing or forex products. The competition is too stiff. As you view the marketplace you want to pick a product that has a moderate gravity. This number will vary but, I would stick with 30 to 150. This means the product is converting well and affiliates are making money. If you chose a product with an extremely high gravity, then you run into extreme competition which can be very frustrating. The next number I look at is the %ref. I want this number to be over 75%. What this number means is that 75% of the sales is coming from affiliates while the other portion is from direct marketing of the website. The higher this number the better. A low number means that the product is most likely sold through other means than affiliates. You don't want that.
Once you've selected a good quality high converting product, you need to do some keyword research. Sometimes I will take an entire day dedicated to keyword research because it is extremely important. Your goal is to chose a low competition, highly searched term or phrase. You should select at least 5 to 7 keywords/phrases to start.
Now you need to set up a blog at blogger or wordpress and write entries using your keywords/phrases appropriately and be sure to anchor text your keywords with your Clickbank hoplink.
Submit your URL to Google, Yahoo and Bing.
Ping your blog at ping-o-matic
Submit your RSS feed to RSS directories.
You should write 1 to 2 articles per week for about a month maybe more depending on the keywords you've chosen.
Now you need to take those same keywords/phrases and write some good quality articles and submit those to article directories. Be sure to link back to your BLOG not hoplink in those articles.
You need to try to write and submit 3 to 5 articles per day for about 2 weeks. Google your keywords and see if you are ranking in the top 10, if not, then you might need to select a new set of keywords and start the process all over again.
Making money with Clickbank has gotten harder but it is not impossible. It takes hard work, determination and time-management.
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