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

Q. I feel like it is too good to be true, you can make a lot of money, but you have to take a lot of risk? Yet, people claim to make a living out of it, but I have never truly heard of any success stories from a reputable site. So, is it legit? Or are the odds against you?

Answer
Forex. Foreign Exchange. The exchange of foreign currency. What cannot be legit about it? Let's say I am in UK and I produce some oil and sell that oil on the oil market. What do I get paid in? Yes, US Dollars.
I need to pay my workers in the UK. Will they want those dollars? Probably not.
Er, what do I do? Ah, yes the Foreign Exchange market.
Where I can sell my dollars in exchange for GBP
Very useful, don't you think?
Do you want to gamble against the GBP/USD rate?
Do you want to gamble against the oil price?
Do you want to gamble on two raindrops running down the window?
Well if you don't plenty of people do!

Commodity market vs Forex market?

Q. which is more profitable/less risky and more easy

Answer
This question is like asking which lotto number to play, or which color should I choose?

Will this question still be pertinent if you knew that 90% of all traders fail? Is it still worth it to "try it" if it doesn't apply to you?

It takes years of study, testing, practice, development, devotion of your time and resources and losing, just to find out if you're a trader, before you can answer the question.

It's going to be a matter of personal preference, opinion and aptitude. What's hard for me may be easy for you, but trading is hard for anyone, regardless of the market. If it were easy, we would all be rich, or there would be nothing but success stories flooding Yahoo Answers. Instead, you see nothing but questions. Those that have made trading profitable have been through the wringer and endured much. Out of those few, most would say it is not worth it.

Like most beginner questions, you cannot possibly get the right answer unless you ask the right questions in the proper order. Without answering the first questions first, you're leaving your future to chance, which is just silly.

Why waste your life and throw away your money if you were never intended to be a trader? There are a lot of easier ways to earn money; trading is the most difficult challenge you will ever face by choice.

If you wish to be entertained or otherwise waste your time, choose between blackjack and the poker table. Presuming you know nothing about either, "which is more profitable/less risky and more easy?" Would you sit down at a table of professional poker players and risk your money if you don't even know the rules? Do you see the uselessness and hopelessness of the question? A pretty big chore you've given us here, to answer the unanswerable.

One of the most important Samurai texts ever written, by Miyamoto Musashi, âThe Book of the Five Rings (1643)â, offers this advice: âThink of what is right and true. Learn to see everything accurately. Become aware of what is not obvious. Be careful even in small matters. Do not do anything useless.â

There can be no great success in trading (life) without great commitment, hard work, discipline, and the realization of the ârightâ type of thinking. Without "right" thinking and asking the right questions, you'll end up holding an proverbial empty bag -- with nothing.

Take a free aptitude test at any college and find out what you would be good at first. Then choose between those, because this is where you will excel, where you will be happy, where you will find purpose and do the most good for yourself and family. Do NOT limit yourself to chasing money or what is "more easy." Crummy life choices lead to a crummy life.

I've been reading on this stuff and I wanna know more, I know there's a lot more to know than bid and ask, I've set up a demo account and been doing pretty bad haha, I just wanna know what advice can you give me for me to get a better understanding of how all this works? what's your method of doing things? you don't have to give me your secrets haha just tips on how to better my chances
how do you become a pro without first being a amature?

Answer
My advice is to read books on trading, forex is just another market. It trades like a commodity. You'll be surprised at the number of books at your local library, or through the interlibrary loan system.

"Which Is Better, Buy-and-Hold or Market Timing?"

"Do You Have What It Takes to Be a Market Timer

The Beginner's Bible in Technical Analysis is:
Edwards & McGee"Tech. Anal. Of Stock Trends"

Droke, ClifTechnical Analysis Simplified

Kahn, Michael N.Tech. Anal. Plain & Simple

Kamich, Bruce M.How Technical Analysis Works

Lefevre, EdwinReminiscences of a Stock Operator

Lofton, ToddGetting Started in Futures

Lowenstein, RogerBuffet (Warren)-The Making of a Capitalist

Rotella, Robert P.Elements of Successful Trading, The

Wasendorf, RussellAll About Futures

Slutsky, Scot and Darrell JobmanComplete Guide to Electronic Futures Trading, The

Extraordinary Popular Delusions and the Madness of Crowds" by Charles Mackay

The Intelligent Investor, by Benjamin Graham



http://money.howstuffworks.com/...

http://www.investopedia.com/

There is no one indicator, there is no get rich quick scheme, there is no pot at the end of the rainbow.

Like any vocation, it takes hard work, lots of study, and the testing of your theories, learning what makes you tick, learning your own particular time and stress levels, and fighting the emotions of fear, greed, and loss of hope.

Most traders spend their entire time looking for the Holy Grail of indicators, and that's why 85% of all traders fail.

Your success or failure lies within you, not some indicator.

Get a mentor or trading coach.

Develop a Trading Plan.
Entry Price, Price Target, the max Iâm willing to lose, the time frame, the size of the position, and the date of any reports on the news.

Create a written plan. A plan is composed of two primary parts:
1.The blueprint is a preliminary action plan developed before trading begins. Review the plan every few weeks. It is a living document that evolves over time. I always revise my plan for the summer trading season since summertime market conditions call for different strategies.

2.The Journal is a day-to-day microadjustment of the blueprint. This is the document that requires you to adhere to your plan. Emotional aspects of trading on a daily basis are written in here. Questions such as: Did I follow my blueprint today?

Have 3 things absolutely clear in your head before doing a trade:

1.Why are you making the trade.
2.Where are you going to get out on the profit side?
3.Where are you going to get out on the loss side?

Develop conviction.
The market has little room for arrogance or ego.
Avoid holding positions over weekends.
Scared money never wins.
Size the trade.
Avoid chaotic stocks, like penny stocks
Do the research.
Forget about chat rooms.
No clarity, no trade.
Day trade the ranges and swing trade the trends.
Donât make it rocket science, âcause it ainât.
Know thyself.
Inspect what you expect.
Update and review weekly.
Donât lie to your spouse or significant other.
Be humble and admit mistakes.
Never let emotions control you.
Avoid stock tips.
Never take home a loser.
Learn to lose.
Make trading a habit.
Never let your attitude suffer.
The market is always right.
Average winners, not losers
Never let a winner turn into a loser.
Take profits often.
Never mix disciplines. If you open a day trade, close a day trade.
Never try to trade back a loser. Donât fight the tape.

Forex Killer from Forex-Killer.com by Andreas Kirchberger?

Forex Killer requires no trading experience and seems to offer forex signal generator software that they have designed.

See

http://Click-on.to/Forex-Killer

Has anyone traded forex using this software and what were the results like?

Answer
i have not traded using the software you mentioned but one thing is for sure, without experience you are bound to loose your money.

i suggest instead you check your options in this site. they do not provide auto signals or tippers, instead, they will provide a REAL, LIVE PERSON called Account Service Manager who is actually an expert in the field of forex trading to be your mentor, adviser, friend and trading partner.

the volatility of the market is so high that no amount of computerized maneuver can really predict the outcome of currency pairs but your Account Service manager can give expert advises, tricks and strategies to become successful in your trading activities based on actual, real experiences and years of trading. He/she will even trade with you until you become familiar with the system and you can then trade on your own. And you can always interact with other expert forex traders in their chat room.

Start by registering and downloading a Free Ebook. If you are a newbie in this field, you need to read a lot to learn the trade.

Before buy Forex Growth Bot I want to know is this software a scam or not

Answer
Software maybe not a scam, but highly unlikely to be effective.

You will probably lose your investment; just hope it is not too much.

Answer
How do you start forex trading? For an institution: you either get hired for a job to do that or for private traders: Well that's simple to do. You call up a forex dealer. Tell them you want to invest some money in trading foreign currencies. Send them your money. Login to your account and start trading forex!

But no. I guess you weren't really asking that were you? In addition to the mundane process of joining a forex dealer. The next task you must undertake when thinking about starting to trade forex for profit (and perhaps for a living or a side income) is to educate yourself.

Education is key for successful forex trading. You must start learning the basics about trading and to analyse the markets. Do your research: ask friends and traders what they do, what they think and what they advise you to do if you want to start trading.

But remember, the secret key in forex trading is DISCIPLINE. Without the discipline for trading plans, rules and education, you will definitely cut your chances of winning in the forex game.

hello i want to start forex and stocks trade online is internet safe media to trade if password and login are?

if password and login are encrupted please guide me.thanks

Answer
We would love to take your money. Just jump right in there, open an account, and start trading.

Otherwise, if you want to protect your capital, you should probably begin by reading several books, and trying your ideas out on a simulator first, or paper trade.

I use PremiereTrade for Forex, and they have one of the best help systems available, seminars, chat rooms, Message Board, and Live Trader Commentary. You will pay $3,000 for the software and $100/mo for the live data feed.

I also use TerraNovaOnline for trading stocks and stock index futures, and as a backup data feed and broker for forex futures. I pay $250/mo for their data feed, and lease of RealTick, probably one of the most sophisticated and technologically advanced trading platforms and charting packages in the world.

You will pay for your market educatin one way or another. It's a lot cheaper to delay trading until you know what you're doing.

FOREX

http://forex-trading.bluecollarnews.com...

master trader?
http://www.robbooker.com/

useful e books:
http://www.rapidforex.com/
http://www.traderssecretcode.com...
http://www.1forextrading.com/

How to start trading online

http://www.bernanke.cn/stock-trade/
http://www.stock-trading.jims-info.com/...

http://money.howstuffworks.com/...

http://www.investopedia.com/

http://sharebuilder.com/

www.stockcharts.com

Learn how to analyze risk, and make this your primary approach, not by compounding profits and erroneously analyzing how much money you can make. For example, most traders don't make any money at all; more than 80% blow out.

Learn about money management techniques, and maybe you'll stick around awhile.

Try to find these books:
"Which Is Better, Buy-and-Hold or Market Timing?"

"Do You Have What It Takes to Be a Market Timer

The Beginner's Bible in Technical Analysis is:
Edwards & McGee"Tech. Anal. Of Stock Trends"

Kahn, Michael N.Tech. Anal. Plain & Simple

Kamich, Bruce M.How Technical Analysis Works

Lefevre, EdwinReminiscences of a Stock Operator

O'Neil, William J.How to Make Money in Stocks

Oz, TonyHow to Make Money From Wall Street

Rotella, Robert P.Elements of Successful Trading, The

Schwager, JackStock Market Wizards

Answer
Hi Mohamed,

I guess the main questions is what kind of strategy do you want? Do you like technical analysis where you watch charts and patterns all day? This technique helps you make an educated guess which way the market may move.

Do you prefer the excitement of trading on news releases and based on history and predictions take a guess at which way the market will move?

Or do you prefer something like hedge trading where you can make money whichever way the market decides to move? Now I need to warn you, investing with a hedging strategy is not as exciting as technical trading or getting up early for news releases. Hedging trading is a long term investment strategy where you settle for a more conservative approach in generating consistent long term profits.

The problem is that with hedge investments you will have to find something else to occupy your time during the day:)

I'd be happy to send you some info on any of these three strategies.

May all your guesses be good ones.

Why does virtually all economic data reveal the adverse impacts of raising the min. wage would be negligible?

While the benefits would be overwhelming?

Answer
I'd love to have a look at the data as well.

A two bedroom apartment in my area rents for 1800/month. Minimum wage is $8.00/hour here in SoCal. At minimum wage, two people sharing an apartment would bring home around $250/week after taxes. For the month ($250 x 4.3) each person would bring home $1075/month. After rent, they each have $175 for all other expenses, including food. That doesn't really work, does it.
At $10/hour, each person would bring home an extra $60/week. $310 x 4.3 weeks = $1333/month, leaving $433/month for food and other expenses. $10/hour works!


sociald:
I have a client with an @forex.com email address. He warned me in 2007 to hunker down, buy a little gold and consider putting any cash holdings into Swiss Francs. Our economy was already slowing but he blamed it on maximum tension in the markets, not minimum wage increases. I don't think your correlation is causal.
By the way, the US dollar, from early 2008 to today has only gone down 8.9 pennies in value against the Swiss Franc. We're suffering no appreciable monetary inflation which speaks volumes about Bernanke's prowess as Fed Chairman. The inflation we are experiencing is market inflation due to a three-year-long drought in the Midwest and gasoline prices.

I would just like to practice it, I really don't have much money and don't really wish to attempt trading right now but would like to see what I can do with a demo account/

Answer
Most brokers offer you a demo account for free. In the sources box, I'll place you a link with hundreds of brokers to start with. Good luck.

I want to invest in FOREX MARKET?

I am new in this feild, which is best time to invest in this.where I will get Demo account,Minimum amount required to invest in the real Forex market? I just have Rs.2000,which book I should refere from net,Please guide me.

Answer
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.

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

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

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

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

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

Read the warnings in the links below:

Mostly DDR (Dance Dance Revolution) games for the Japanese PS2. Im going to be heading down there on sunday so i would like to know this. Im looking for shops that are most likely around in the Time Square region. Because ill be heading there by bus and it will most likely take us there. And ill only be probally shopping in times square along with China town and Little Italy. Hope someone can help me out. Thanks.
I know that there isnt a japanese neighborhood. Im just wanting to know if there are shops that sell mainly japanese import games. I went to such a place before. But this was years ago and im sure that it's no more. I would like to know more on this so i could at least be happy to leave NYC with a DDR game in hand instead of just ordering it online.

Answer
Generally foreign video games will be for sale in ethnic neighborhoods. Forex, Brighton in Brooklyn is basically Russian, and there are several stores there that sell Russian video games. Any of the several Hispanic neighborhoods would sell video games oriented that way. As for Japanese, NYC does not have a Japanese neighborhood, but there is a concentration of Japanese in Flushing, and a shop there might carry what you want. Otherwise Chinatown or the Times Square areas are possibilities.

Which areas in the USA has most people trading Forex? I can't find any info on this anywhere!?

Just curious. I know for online stock trading, pretty much every area in the USA is covered. But Forex is such a high-risk arena and one that is FULL OF SCAMS, that I don't think ordinary people would trade it.

My friend started a business startup that delivers live Forex quotes for free and asked if I'd join. Well, I want to know if the time and effort I put in will be worth it.

Which areas in the US has most people wanting to trade Forex? What type of people like to trade forex? I get the feeling it's mostly hedge fund managers in NYC who do it.....rather than individual middle class people.

Answer
Very few retail traders can open a "real" forex account that can trade against bank trading desks. Probably need $2,000,000 minimum or so to do that, plus be able to convince them that you're something big.

The "forex" accounts typically promoted on the Internet aren't the same -- with those, you're actually trading against your own broker, who issues OTC securities to you. This puts you in the rather awkward position of being in diametric financial opposition to your broker. Guess what typically happens to such accounts, over time?

The CME (in Chicago, for what that's worth) allows trading in currency futures. This is a real, open market. The downside is that it requires a lot more capital than "retail forex" (probably 20K minimum), and these are futures, so that adds a little complexity to things, for the uninitiated. And you will still likely lose all your money, quickly, anyway, unless you've got some real advantage over the market, or you just get really lucky. If I really wanted to learn about what moves forex markets, I'd start by heading to my local university library and browsing the Journal of Finance and similar publications; and even then, there's no guarantees.

FYI, the main places for "real" forex trading are NYC, London, and various major cities throughout Asia (esp. Hong Kong, Singapore, Tokyo).

So I was on cedar finance and every time i click 60 seconds it says why does cedar finance say NO OPTION AVAILABLE IN THIS ASSET CLASS. PLEASE COME BACK TO US DURING OUR TRADING HOURS can you please help me thank you

Answer
It's Sunday. Markets are closed.

Since you are clearly a novice, you may not realize that binary options are a scam. It's not investing, just betting at terrible odds. The only ones making money are the thieves running the sites.

The odds are totally stacked against you. Earlier someone asked about a firm paying 70% on winners. Here's how the math works in that example.

Win: 70%
Lose: 100%
Expected value of each trade: (70 - 100 ) / 2 = -15%

A legit options broker would be registered on appropriate government sites. None of the widely promoted sites are regulated. Many are in obscure countries with no customer protection.

US: Check CFTC and SEC sites
UK: See FSA site

The CFTC link below about investing risks applies to both forex and binary options.

should i invest in stocks? (binary options)?

basically i have been looking at binary options and 60 second trading. I have worked out a system that seems to work nearly all of the time. I downloaded a trading platform that comes with a demo account so you can try it out without investing real money (its a simulation) tonight from that i made £400 without investing more than £112. obiously simulation as i said not real. I have done this for about 3 nights consecutively so i dont think it can be a fluke. I turn 18 next week so i can buy stocks is it worth investing real money into binary trading? im not sure what i should do any advice thanks :D and at 18 years old £400 a day is pretty decent i know you stock brokers obviously make more than that.

Answer
Binary options are a scam. The odds are so stacked against you that you cannot possibly win long term.

It is just unregulated gambling at terrible odds. Here's how the math works for 70% payout.

Win: 70%
Lose: 100%
Expected value of each trade: (70 - 100 ) / 2 = -15%

You would have to predict over 60% just to break even.

A legit options broker would be registered on appropriate government sites. None of the widely promoted sites are regulated. Many are in obscure countries with no customer protection, with at least 2 widely advertised firms in Cyprus.

US: Check CFTC and SEC sites
UK: See FCA site (No longer FSA)

The CFTC link below about investing risks applies to both forex and binary options.

One widely advertised binary options site (Banc de Binary) was just charged with securities violations by the SEC. 2nd link below.

Do you think the USD will sink or correct itself and bounce back today as the market normally does after a big loss.

Today is going to be interesting to see how the dollar does as it will be the crystal ball for tomorrows open on the market.
Interesint, Brutal.

I was reading about how the US may scrap the USD and leave all the other countries holding the bag and start a new currency.
A North American dollar involving Mex-Can-US.
Carb, the USD/EUR is at a important resistance around 1.58(currently trades at 1.5778/81 and if breaks through it will pop to the next which is 1.5978. Above that is uncharted territory and fear it is goes up again, above 1.60 that is lights out for the American economy as the price of fuel will be too high to sustain a profit in the trucking industry.

Answer
hi...
First of all sorry for the late reply......

Dollar is about to make a new peak!!!

This is due to the statement issued by the Chairman of the Federal Reserve, Ben Bernanke, revealing a policy of intervention in the dollar's condition, continues to impact all markets. The dollar reached its highest point in three months against the yen, as a way to battle inflation.

Increased U.S interest rates seem to boost the dollar that reached record-lows against the euro and the other currencies. The dollar rose against the euro, which dropped more than 0.4% to $1.5558, thus losing its $1.5844 peak of six weeks. The dollar also rose against the yen at 106.69 JPY, thus tumbling the three-month peak of 106.83 JPY.

surely we would see some more bullish dollar in next 2 days.

Forex Market Times?

Does anyone know the times for the different markets for Forex?

Answer
Yahoo has a widget that tell you all the market hours for the different forex markets. It's created by Oanda. You can access it here => http://widgets.yahoo.com/widgets/fxmarkethours

Answer
The best platform is really a matter of opinion. Some like to see certain types of graphs & charts, others like tables, and still others like things like streaming video, RSS news feeds, etc.

So, a customizable platform, arranged the way you want, would be your best option. You can select the exact data items displayed, the size and color of any charts and tables you want, as well as things like heat maps and suggested trading strategies right on the screen.

Good platforms that can be readily customized usually come with no charges if you have an account with a reputable broker like Fidelity, Ameritrade, Schwab, E-Trade, and Scottrade.

Please only answer if you have actually made money using one of the EA's. Personal experience only, and not people who lost money and are just telling me its a scam. Im currently looking into Destiny NN 3.3 and Steinitz HAS MTF Hedge Robot I asked this question before and someone answered "I am an expert advisor and I don't use FOREX to make money" This is not an answer, if you have no Idea what I'm asking . . . don't try to answer.

Answer
Over the years I have traded a lot of EAs. Some with live money (like Steinitz HAS), others with demo money. I have made money with some and lost money with others. I did make money with Steinitz for a 2 months I traded it but I also have friends who have lost a lot of money trading Steinitz. Here is the reality, there is no such thing as an EA that will consistently make money. Why? Because the market is constantly changing and no system (except the Holy Grail) can make consistent profits without human insight. That is the reality.

Here is what I recommend. Rather than going out and buying a Forex trading system programmed into an EA; educate yourself about Forex, design a couple trading systems that work across multiple market types, and then have them programmed into EAs. This way, you will know what moves the market, why your EA works, and you will be able to achieve steady profits.

What is the best known Forex Expert Advisor for the Mt4 trading platform. Experianced Forex traders only.?

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

Answer
Hi bob,

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

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

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

To Your Trading Success,

Thomas

If you did a search on all these Forex robots for sell .. they put up videos on how they made so much money thru Using their Robots for their Forex trades. Anyone has any REAL experience of using these robots and it actually works ? Does Auto-Trade for Forex really exist ?

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.

Robot Forex which one really really work?

Answer
The Federal government warns there are a lot of Forex frauds out there, and these Forex robots appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud.

There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. You might meet a person called "Zboy227" who says "I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/Zboy227." The "/Zboy227" tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission.

There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner's luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive.

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

I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works.

I need some help. I've been assigned the task of making a powerpoint about communism to present to the rest of the peeps in my global history class. The problem is that they are a bunch of freshman and will have no idea what big words like "the proletariat" mean. Does anyone have any tips to get me going?

Answer
Communism as a theory goes back long before Karl Marx, and has been practised in a variety of ways. Marx's version, as modified by Lenin and Stalin, gave it a very bad rep.
The theory is that all production (manufacturing, farming, sales, etc) should be in the hands of the government for the benefit of the workers, as opposed to capitalism, in which producers are private, and any "surplus value" (profit) can be kept by the owners of the means of production.
It might be worth devoting a couple minutes to showing a few of the terms of jargon, explaining what they mean (proletariat=a fancy word for workers), and toss in a few comments about how the more fancy the language the more likely someone is trying to fool you. Forex, proletariat is supposed to make workers feel they are part of a movement, not just a worker.

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


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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







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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Regarding Forex Market Hours?

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

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

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

Which one is better?

Answer
Whichever one you can make a consistent profit at.

Stock vs Forex vs Futures: Which has the biggest changes?

I want to know which one changes the most so I can make the most money.

Sources, a lot of them please.

Answer
Well, both futures and forex are zero-sum meaning that you only make money when someone else loses it. Both those markets are dominated by institutions that hire serious talent. You are asking a complete neophyte question. What makes you think that you can beat me and people like me at futures or forex?

US Savings Bonds for you.

For example, I remember one person telling me that their trading system only traded a certain currency pair, and another telling me that theirs only traded an S&P 500 ETF. My question is:

Can a trading system be programmed to trade many different stocks/instruments? For example, could it screen its conditions on all stocks in the Nasdaq 100 rather just focusing on one? Or, could it possibly screen all stocks with defined rules (regarding market cap, exchange for example)? How does this work?

Thanks for your help!

Answer
For index funds, currency pairs, futures or commodities, it tends to be a specialized program designed with that security in mind since each has their own behaviors.

Automated trading systems can be designed to trade many stocks at a time, but keep in mind that the complexity of such systems increases dramatically because money/risk management change. Normally there is a filtering mechanism for the strategy and then a money management technique based on the timeframe (daytrade, swing trade, long term).

The short of it: You can define a rule for anything you can get a reliable data feed on.

I recommend to join or visit this site as it contains a wealth of information (got to sort through people's opinions though, use your own judgement; it has a list of brokers with reviews also): http://www.elitetrader.com/

Often, proprietary brokers will put hard limits to protect from programming errors, for example: limit the dollar amount of all assets long or short to $100000. This can help when the system first goes live, especially if high margin is used. I recommend avoiding proprietary firms unless you have experience with them, as they can be risky if you don't know what you're getting into; I will not be listing any here.

If you are programming the system, then it's useful to have an API available. I personally use Visual Basic 6 and the broker's API for simplicity. Some brokers have their own scripting languages or interfaces.

These are some brokers that I've seen, but I haven't dont live trading in awhile so I cannot guarantee any specific results:

TradeStation (when you want all the bells and whistles, must have $30000, but well-supported scripting language and good interface) - http://www.tradestation.com/automated_trading/howitworks.shtm

Interactive Brokers (simpler platform, similar rates, splits forex spread and commission which makes it more transparent; API for Visual Basic 6; has lots of user-created 3rd party automation or assisted trading tools) -
http://individuals.interactivebrokers.com/en/p.php?f=programInterface&ib_entity=llc

MB Trading - heard it was a decent broker, don't know much about it. http://www.mbtrading.com/

Good rates for trading are $0.01/share (low volume) and $0.005/share (mid-high volume). Most use smart routing to ECNs and market makers (whoever has best price), for liquid instruments execution isn't really a deciding factor. Just make sure your automated trading strategy has a failsafe in case of a market crash (good money management strategy should mitigate the risks).

Do you know an open source electronic trading platform similar to MetaTrader?

I'm looking for an open source alternative to MetaTrader (http://www.metaquotes.net/metatrader/) that can run on the Linux platform.

Answer
It appears that the API is open source.
http://www.metaquotes.net/metatraderapi/

I'm not familiar with the program and can't seem to find an alternative with just a quick search.

Have you tried running it in WINE?
http://www.forexhowto.com/blog/linux_charting_application/

You may also want to check this forum discussion:
http://www.forex-tsd.com/general-discussion/2354-how-linux.html?highlight=linux

One of the posts there mentions crossover, which is basically the commercial version of WINE that includes proprietary code. But it appears that you should be able to run this with just the open source WINE.

can anyone send me the data for closing stock prices (either daily, weekly or monthly) in terms of US dollar for Mauritius, South Africa, Nigeria and Botswana for a 10 year period (ie Jan. 2002-Dec. 2012) and also forex closing prices for each of these countries for the same period in terms of US dollar.

These data are found on Reuters database, but I can't access these data since I don't have a membership and I currently can't afford to pay such a price since I'm a student.
Please can anyone send me these data? or suggest a website where I can get these data for FREE?

please can anyone send it to me on: missymooshi91(At-@)yahoo.com
I really need it.
thanks =)

Answer
try xe.com

Where will the EUR/USD forex instrument be in the next week?

Answer
I am not sure whether you are asking for exchange rates... if so, please visit this http://www.xe.com It gives real time exchange rates.. hope it comes to your help

Q. I am new in forex trading business. I would like to know if somebody has they experience with good broker? Please advice.

Answer
My definition of good broker is;

Quick response from the Customer Service people.
We can contact them almost instantly each working day.
They are ECN.
They charge small trading fee.
They offer great programs
They are regulated by as many regulation body as they can get.

But you can always find reviews of brokers at forex peace army

What is the best Forex Trading strategy in a dealing simulation (over-the-counter)?

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

Is forex trade profitable? How does one get started and what is the best broker to use?

Answer
Hi,

Of course forex is profitable and it is very exciting business. You may trade 5,5 days per wheek; 24 hours a day from Sunday night to Friday night.
Main rules to win:
Always have trading plan,
Be patient - market always be there
Don't be greedy,
Don't set too big goals,
Never risk more than 1%-2% of your trading capital,
Always use reasonable stop loss orders.

And note markets are not places - markets are people.

If you are interesting I could introduce you to one of forex broker leaders that is located in SWITZERLAND and Regulated by the Swiss Federal Department of Finance; audited by KPMG.
They have very tight spreads. Total 25 currency pairs Gold and Silver.
SPREADS:
2 pips for EURUSD, USDJPY, AUDUSD, EURGBP, EURCHF;
3 pips for GBPUSD, USDCHF, USDCAD, EURJPY;
4 pips for CADJPY, CHFJPY;
5 pips for NZDUSD, AUDJPY;
6 pips for EURAUD, GBPCHF, NZDJPY;
7 pips for EURCAD, GBPJPY;
8 pips for GBPCAD, GBPAUD, AUDCHF, CADCHF, NZDCHF;
10 pips for AUDCAD, AUDNZD.

LEVERAGE 1:200 default but client could chose the leverage from 1:1 to 1:200 at the account opening procedure.

MARGINS. The margin or leverage a client can have depends on the client's account equity. The table below shows margin requirements for the different equity levels:
Less than 25,000 - 0.5%
25,000 to 1,000,000 - 1%
1,000,000 to 5,000,000 - 2%
5,000,000 to 10,000,000 - 3%
Above 10,000,000 - 5%
Please note that on weekends and holidays margin requirements remains the same.

SWAPS are counted as negative as positive. Also is available swap-free accounts.

STOP and LIMIT orders may be placed as close as 5 pips from market price

TRADING TERMINAL Meta Trader 4.

Clients can choose to have their accounts denominated in either USD, EUR, GBP, JPY, CHF, AUD or CAD.

Initial account opening deposit from US$2000. From first view it probably looks high comparing with other brokers who allow mini accounts and minimum initial deposit from USD250 but it is more useful and safer because clients are more protected from quick stop out and total loss of the initial deposit in the case if unfortunately it would be several unlucky trades in rage.
This is regular forex trading account however it is allowed trading in mini lots (from 0.1 lot).

If you are interesting I could introduce you to them please e-mail or PM me (press on my name) and I provide you with further information. Furthermore I could provide you for FREE with more than 50 trading e-books and trading systems that worth more than several thousand dollars and are very useful as for beginners as for experienced traders.

If you have any questions, please don't hesitate and contact me (press on my name).

Good luck!

How does ForEx leverage work?

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.

hello people , ive started forex trading and even done a course on it . i use fxcm and my style of trading technial on 5 minute charts with 30 pip stop loss and even if i can consistently make 20 pips a day id be happy. it looks workable but ive been using fxcm for some time now and have heard that they are stop hunters, is this true? which is the best and reliable online broker ? which is the best tech. indicator on 5 minute charts or best combination of tech indicators? final question are any of you fx traders living in dubai , if so id like to look and meet them to exchange ideas. thanks appreciate the help.

Answer
There are thousands of online trading brokers available. I could not recommend anything which i have not used or verified. As most of them are found to be scam. I am using Finexo last 2 years and never encountered any problem. It is a reliable broker and provides timely updates and tips. i thoroughly use the technical charts as being a day trader. It provides all type of charts without any delay in currency quotes. I am earning avg 12% monthly return which is quite satisfying for me.

The best things i like about Finexo is :

1. Leverage ratio: 1:200 which is quite manageable as high leverage will lead to greater pressure on traders.
2. Rolling charges are quite low compared to other platforms. Also they charge different rates depending on gaining or losing position which is good for traders.
3. Easy deposit and withdrawal facilities.
4. Great fund managers controlling my accounts very well, specially when i am out of trading for some days.
5. 24hr customer services available. can have live chats directly through Finexo sites.
6. at the last, Very well timed forex alerts and tips in order to derive profit through those news.

If there any body who is earning his living by FOREX trading. Is it liable?

I would be thankful if some one provide me his/her personal experience about forex trading, particularly in Range trading.

Answer
Earning a living with Forex is dependent on three factors. First, your starting account balance. Second, your actual performance level. And third, your living requirements.

If you are opening an account with $500...the answer is no...you will not be able to make a living at Forex. Even $1000, $5000, $10,000 or $25,000 would not be enough of an initial account size to make a comfortable living in the Forex market.

The next area of importance is your skill as a Forex trader or the effectiveness of the strategy that you follow. If you are a 50/50 trader and win on half of your trades and lose the other half you cannot make a living at Forex. If you have the time, the patience, the discipline and the knowledge to make at least 20 pips in 4 out of 5 days of daily trading you may have a good shot at making a living from the Forex market.

I also personally know quite a few conservative Forex hedge traders that consistently make over 8% return per month.

Here is where things get interesting. Let's say that you have an account of $100,000. If you were to earn over 8% per month and only draw off 4% ($4000) per month you may be able to live quite comfortably with that income level. And your account balance would continue to grow, more than doubling every 18 months.

So I guess a good goal would be accumulate an investment amount of $100,000 before deciding to simply live off of your Forex investment. It is amazing to me how many people are working very hard while they have well over $100,000 sitting in CDs, money market accounts and mutual funds earning only 3% to 10% per YEAR.

The final point to keep in mind is to decide if you want to spend the bulk of your time sitting in front of the computer day trading, or you want to go through the stress of hoping that you guess the news releases correctly as a fundamentals trader. Or would you prefer to be a conservative Forex hedge trader spending about 30 minutes a week to manage an account of any size.

I wish you well and I hope that you can soon realize your goal of generating a comfortable living through Forex trading.

paul

I'm attempting to trade 2K size lots of NXD/JPY and SGD/JPY. I've had a working market orders for both since yesterday evening. My orders won't fill. Would trading the broker minimums lot sizes around 30K alleviate this? Is there a specific time frame I should be placing these orders in? Would a 5K or 10K go through normally? Any direction would be appreciated.

Answer
That makes no since, your trade should go through immediately. You may want to check with the platform your using to see if there is an issue.

Forex trading questions?

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.

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


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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







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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Do you need a stockbroker account to trade forex?

Or can you just walk into a bank and say you want $200 worth of new Zealand money, like what you do when you go on holidays overseas. Then you sit in it for a while then you trade it in to the bank.
Or do you need to go through a stockbroker?

Thanks

Answer
Yes, to trade forex, you need a forex broker, not a "stock" broker.

Forex Tutorial: Introduction to Currency Trading
http://www.investopedia.com/university/forexmarket/#axzz1fXzhdv68

Currency Trading â FOREX â Foreign Currency Exchange

1.EUR/USD - Euro/U.S. Dollar
2.GBP/USD - Great British Pound/U.S. Dollar
3.USD/CHF â- U.S. Dollar/Swiss Franc
4.USD/JPY â- U.S. Dollar/Japanese Yen
5.USD/CAD â- U.S. Dollar/Canadian Dollar
6.AUD/USD - Australian Dollar/U.S. Dollar
7.EUR/GBP - Euro/Great British Pound
8.EUR/JPY - Euro/Japanese Yen
9.EUR/CHF - Euro/Swiss Franc
10.GBP/CHF - Great British Pound/Swiss Franc
11.GBP/JPY - Great British Pound/Japanese Yen
12.CHF/JPY - Swiss Franc/Japanese Yen
13.NZD/USD - New Zealand Dollar/US Dollar
14.EUR/CAD - Euro/Canadian Dollar
15.AUD/CAD - Australian Dollar/Canadian Dollar
16.AUD/JPY - Australian Dollar/Japanese Yen
17.EUR/AUD - Euro/Australian Dollar
NOTE: Of the above 17 currency pairs, six of them are deemed the âmajor currency pairsâ in the FOREX market because they account for about 80 percent of FOREX transactions:

1.EUR/USD - Euro/U.S. Dollar
2.GBP/USD - Great British Pound/U.S. Dollar
3.USD/CHF â- U.S. Dollar/Swiss Franc
4.USD/JPY â- U.S. Dollar/Japanese Yen
5.USD/CAD â- U.S. Dollar/Canadian Dollar
6.AUD/USD - Australian Dollar/U.S. Dollar

As you can see, there is a currency on the left and one on the right. The one on the left is referred to as the base, and the one listed on the right is known as the cross. The format, once again, is as follows. BASE/CROSS, or EUR/USD. The EUR is the BASE and the USD is the CROSS.

TERMINOLOGY:
â¢PIPS- Price Interest Point. This is the smallest unit price for any Foreign Currency.
â¢LOT- A lot of currency is one denomination for a trade (100K or mini account). This is similar to purchasing one stock or one contract in the futures market.
â¢LONG to buy
â¢SHORT to sell
â¢BID-The price at which you sell
â¢ASK-The price at which you buy

Price Interest Point - (PIP)
Profits are made in the FOREX by gaining PIPS. A pip is the last digit from the decimal point. This value is 1/100th of a cent. You may now be asking yourself, how do I make money off of 1/100th of a cent? The answer is leverage. The FOREX market is highly leveraged and should be respected. That said, it can also provide for a tremendous return on your investment. The average leverage in the FOREX is 100 to 1. Basically this indicates that for every dollar you invest in a trade you are controlling $100 of value.

Calculated PIP
Calculated PIP â shows the Price Interest Point (PIP) value for the selected currency pair based upon your trading account margin. For example, a standard 1 percent margin trading account controlling $100,000 in currency would show the EUR/USD with a PIP value of 10.
PIP VALUE-Fixed or Floating
FIXED- When the USD is the cross currency (right side of the pair), the PIP value is fixed at $10 in a 100k account.
FOATING- When the USD is the base currency (left side of the pair), the PIP value is based upon the exchange rate of the cross currency (i.e., USD/CAD.). Also, the PIP value is floating when the pair consists of foreign currencies (i.e., EUR/ GBP).

LOT
A lot is the normal unit of trading in the FOREX market. Trades are made in lot increments, similar to share increments in the stock market.
Standard (or 100k) FOREX account- has a 100:1 leverage ratio
1 LOT= $1,000 investment= ratio leveraged 100 to 1, which = $100,000 in buying power.
Mini FOREX account- has a 200:1 leverage ratio
1 LOT= $50 investment= ratio leveraged 200 to 1, which = $10,000 in buying power.