What is FOREX ?
Posted by Ryanita
on
Saturday, February 22, 2014
, under
forex yen
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comments (0)
Farzad
Answer
Forex stands for Foreign Exchange and is a financial market.
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. (click here to read full market background by Easy-Forexâ¢).
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 US dollars, or you sell Japanese Yens for Canadian dollars. That's all.
Forex stands for Foreign Exchange and is a financial market.
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. (click here to read full market background by Easy-Forexâ¢).
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 US dollars, or you sell Japanese Yens for Canadian dollars. That's all.
Forex and what heck is it?
Blah
what the heck is currency pair and how the heck does it work?
Answer
Forex trading is basically buying one currency against another. Every currency has a code. For example:
U.S. Dollar = USD
Japanese Yen = JPY
Euro = EUR
British Pound = GBP
In order to execute a trade, you have to pick a pair. The most traded pair is the U.S Dollar/Euro pair (USD/EUR). And the way it works is if one currency of a pair goes up, the other currency goes down. And to make money you have to pick the currency that's going up. It's that simple.
The good thing about Forex trading compared to the stock market is that Forex is practically open 24 hours a day (except on the weekends). A good number of trading starts Monday 9:00 AM Japan time (which is Sunday 7:00 PM in New York) and continues throughout the week non-stop and ends the week about 5:00 PM New York time Friday night.
Compare that to the stock market, which is open 9:30 AM to 4:00 PM New York time Monday thru Friday.
Forex trading is basically buying one currency against another. Every currency has a code. For example:
U.S. Dollar = USD
Japanese Yen = JPY
Euro = EUR
British Pound = GBP
In order to execute a trade, you have to pick a pair. The most traded pair is the U.S Dollar/Euro pair (USD/EUR). And the way it works is if one currency of a pair goes up, the other currency goes down. And to make money you have to pick the currency that's going up. It's that simple.
The good thing about Forex trading compared to the stock market is that Forex is practically open 24 hours a day (except on the weekends). A good number of trading starts Monday 9:00 AM Japan time (which is Sunday 7:00 PM in New York) and continues throughout the week non-stop and ends the week about 5:00 PM New York time Friday night.
Compare that to the stock market, which is open 9:30 AM to 4:00 PM New York time Monday thru Friday.
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forex fundamental analysis?
Posted by Ryanita
on , under
forex fundamental analysis
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comments (0)
Pandu M
signal information.
Answer
the forex market is so volatile, you can never expect any good input from any forex signals or tips. they are most of the time rendered useless and you will only get frustrated the more. perhaps you may want to try this site. here the can provide you with a personal Account Service manager with whom you can talk live over the phone, email or chat. subsequently he can provide you the tips, tricks and whatever is needed to profit in this business.
the forex market is so volatile, you can never expect any good input from any forex signals or tips. they are most of the time rendered useless and you will only get frustrated the more. perhaps you may want to try this site. here the can provide you with a personal Account Service manager with whom you can talk live over the phone, email or chat. subsequently he can provide you the tips, tricks and whatever is needed to profit in this business.
Which is better Technical or Fundamental Analysis in Forex?
LoveeR
Can Anybody tell me which is better analysis Technical or fundamental?Or there is any other way to predict about the Currencies/Forex Market?
what are uses of these analysis?are these worthless?
Answer
Either Technical or Fundamental analysis can be used in the forex market. Traders can make legitimate cases for either, and many will incorporate both into their strategy.
Fundamentals:
Traders using fundamentals look at the relative strength of each economy by reviewing economic information such as interest rates, GDP, employment, inflation, stock market healthm, etc. Traders/investors will move their money to the country where they can get the highest rate of return. And since you're trading in currency pairs, you want to trade the strongest currency versus the weakest currency when judging by the fundamentals. You can compare this to stocks. Everyone wants to buy the stock that has the brightest outlook, strongest growth, biggest profits, etc. The difference with currencies is that you're judging the countries economy instead of a companies balance sheet and growth outlook. Sure, political events will affect a currency, and so do management decisions...Steve Jobs at Apple, Ken Lay at Enron,etc.
Technicals: The same technical analysis used in the stock market can be used in the currency markets. In fact, some traders find it works better since there is less gapping in currencies. So you can use technical indicators, support, resistance, trendlines, candlesticks, etc.
Here are two resources to learn more about fundamental and technical analysis. I say it's best for you to learn both and use which one you find works best for your trading.
http://forexforums.dailyfx.com/free-video-forex-trading-course/
http://www.babypips.com/school/
Either Technical or Fundamental analysis can be used in the forex market. Traders can make legitimate cases for either, and many will incorporate both into their strategy.
Fundamentals:
Traders using fundamentals look at the relative strength of each economy by reviewing economic information such as interest rates, GDP, employment, inflation, stock market healthm, etc. Traders/investors will move their money to the country where they can get the highest rate of return. And since you're trading in currency pairs, you want to trade the strongest currency versus the weakest currency when judging by the fundamentals. You can compare this to stocks. Everyone wants to buy the stock that has the brightest outlook, strongest growth, biggest profits, etc. The difference with currencies is that you're judging the countries economy instead of a companies balance sheet and growth outlook. Sure, political events will affect a currency, and so do management decisions...Steve Jobs at Apple, Ken Lay at Enron,etc.
Technicals: The same technical analysis used in the stock market can be used in the currency markets. In fact, some traders find it works better since there is less gapping in currencies. So you can use technical indicators, support, resistance, trendlines, candlesticks, etc.
Here are two resources to learn more about fundamental and technical analysis. I say it's best for you to learn both and use which one you find works best for your trading.
http://forexforums.dailyfx.com/free-video-forex-trading-course/
http://www.babypips.com/school/
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plus500- online trading platform?
Posted by Ryanita
on , under
forex 60 seconds
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comments (0)
jAzz..!
I just joined in this yesterday and in the demo I just made about $60 in one night.. So I am not sure and scared inorder to skip to the real account. Is this trading platform safe ? How could I receive the profits I made.. ?
Really need your help.
Thanks..
Answer
They are found in a search of the FSA (UK Financial regulator) site for being fined over 200,000 GBP for violations in reporting of transactions. First link below.
In general, anything to do with binary options is a scam. It's just betting at stupid odds that give you no chance of winning.
The second link is from the US regulator (CFTC) warning about scams in forex, but equally applicable to binary options.
They are found in a search of the FSA (UK Financial regulator) site for being fined over 200,000 GBP for violations in reporting of transactions. First link below.
In general, anything to do with binary options is a scam. It's just betting at stupid odds that give you no chance of winning.
The second link is from the US regulator (CFTC) warning about scams in forex, but equally applicable to binary options.
Trading in Foreign Exchanges (Spot Rates & Forward Rates)?
xx kEwTiiE
Please explain to me on how to do this. I am completely lost. Thank you.
Answer
First note that you are given the forex rates in "indirect" form. Indirect quotes tell you the number of foreign units it takes to buy 1 unit of domestic currency (your domestic currency is the US dollar). So, using the spot rate, it takes £0.5267 to buy $1. The reciprocal ( 1 / the indirect rate) will give you a "direct" quote, the number of domestic currency units (here, dollars) to buy one unit of foreign currency (here, the £). Thus, 1 / 0.5267 = 1.8961. This means £1 = (buys) $1.8961.
Looking at the spot and forward rates....
0.5267 ...0.5283...0.5299...0.5315
you see the number increasing over time...this means it takes more £s to buy dollars in the future. That means the £ is expected to weaken against the dollar in the future.
Another way to look at it is to look at the reciprocals of the spot and forward rates. 1 / the indirect quote...
1.89861...1.89286...1.88715...1.88147
Examining these rates, you'll see that in the future the £ is worth fewer dollars. Again, this shows the £ is weakening against the dollar.
So, the answer to #1 is the £ is selling at a discount in the forward market. (It costs less, in terms of dollars, in the future, than it costs today, at the spot rate.)
#2) There are two ways to go about calculating the answer. The fastest way is to do it this way: Since the indirect quote is expressed as £/$ = 0.5267, then £450,000/0.5267 = $854,376 (I drop the cents since your answer options drop them). You'll see that this is the same as inverting the £0.5267/$1 to 1 / 0.5267 and multiplying by 450,000...so you have 450,000/0.5267 = $854,376. The other way, is really another way to invert and multiply, but with one more step. You actually "solve" for 1 / 0.5267 first, which gives you the direct quote, 1.89861, which is the number of dollars per pound, and then multiply by the number of pounds: £450,000 * $1.89861 = $854,376.
#3) First solve for the dollar value of the £450,000 at the 60 day forward rate...invert and multiply
450,000 / 0.5299 = $849,216
or solve for the fraction 1 / 0.5299 first and then multiply:
1 / 0.5299 = 1.88715...times 450,000 = $849,216
Second, solve for the difference between receiving $s at the 60 day forward rate vs receiving $s at the spot rate today...
forward $849,216 - spot 854,376 = ($5,159) < where the parentheses indicate a negative number, e.g. a LOSS
BTW, the fact that the question itself asks you how much you LOSE by waiting 60 days to get paid £450,000 indicates that the £ is worth LESS in the forward market than it's worth at the current spot price....just a confirmation of your answer to the first question - the £ is selling at a discount to spot in the forward market.
I've included a link which will take you to the beginning of the foreign exchange section of the CFA exam study guide. If you click on it, you'll see there are several sections you can explore to learn more, e.g. section 5.9 basic terms of forex (the link takes you directly there), 5.11 spot market calculations, 5.12 forward market calculations, 5.8 purchasing power parity and interest rate parity. I hope you find this useful.
First note that you are given the forex rates in "indirect" form. Indirect quotes tell you the number of foreign units it takes to buy 1 unit of domestic currency (your domestic currency is the US dollar). So, using the spot rate, it takes £0.5267 to buy $1. The reciprocal ( 1 / the indirect rate) will give you a "direct" quote, the number of domestic currency units (here, dollars) to buy one unit of foreign currency (here, the £). Thus, 1 / 0.5267 = 1.8961. This means £1 = (buys) $1.8961.
Looking at the spot and forward rates....
0.5267 ...0.5283...0.5299...0.5315
you see the number increasing over time...this means it takes more £s to buy dollars in the future. That means the £ is expected to weaken against the dollar in the future.
Another way to look at it is to look at the reciprocals of the spot and forward rates. 1 / the indirect quote...
1.89861...1.89286...1.88715...1.88147
Examining these rates, you'll see that in the future the £ is worth fewer dollars. Again, this shows the £ is weakening against the dollar.
So, the answer to #1 is the £ is selling at a discount in the forward market. (It costs less, in terms of dollars, in the future, than it costs today, at the spot rate.)
#2) There are two ways to go about calculating the answer. The fastest way is to do it this way: Since the indirect quote is expressed as £/$ = 0.5267, then £450,000/0.5267 = $854,376 (I drop the cents since your answer options drop them). You'll see that this is the same as inverting the £0.5267/$1 to 1 / 0.5267 and multiplying by 450,000...so you have 450,000/0.5267 = $854,376. The other way, is really another way to invert and multiply, but with one more step. You actually "solve" for 1 / 0.5267 first, which gives you the direct quote, 1.89861, which is the number of dollars per pound, and then multiply by the number of pounds: £450,000 * $1.89861 = $854,376.
#3) First solve for the dollar value of the £450,000 at the 60 day forward rate...invert and multiply
450,000 / 0.5299 = $849,216
or solve for the fraction 1 / 0.5299 first and then multiply:
1 / 0.5299 = 1.88715...times 450,000 = $849,216
Second, solve for the difference between receiving $s at the 60 day forward rate vs receiving $s at the spot rate today...
forward $849,216 - spot 854,376 = ($5,159) < where the parentheses indicate a negative number, e.g. a LOSS
BTW, the fact that the question itself asks you how much you LOSE by waiting 60 days to get paid £450,000 indicates that the £ is worth LESS in the forward market than it's worth at the current spot price....just a confirmation of your answer to the first question - the £ is selling at a discount to spot in the forward market.
I've included a link which will take you to the beginning of the foreign exchange section of the CFA exam study guide. If you click on it, you'll see there are several sections you can explore to learn more, e.g. section 5.9 basic terms of forex (the link takes you directly there), 5.11 spot market calculations, 5.12 forward market calculations, 5.8 purchasing power parity and interest rate parity. I hope you find this useful.
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on the stock market what is the difference between forex ,options, equities and futures?
Posted by Ryanita
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forex definition
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Dustin J
on the stock market what is the difference between forex ,options, equities and futures?
Answer
A good reference for financial terms and definitions is here:
http://www.investopedia.com/terms/forex/f/forex-market.asp
What Does Forex Market Mean?
The market in which participants are able to buy, sell, exchange and speculate on currencies. The forex markets is made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and investors. The currency market is considered to be the largest financial market in the world, processing trillions of dollars worth of transactions each day.
Investopedia explains Forex Market
The foreign exchange markets isn't dominated by a single market exchange, but involves a global network of computers and brokers from around the world. Central banks use their massive buying and selling capabilities to alter exchange rates through their open market activities and in many cases will do so not with profit in mind, but rather for any number of policy reasons. Forex brokers act as market makers as well, and may post bid and ask prices for a currency pair that differs from the most competitive bid in the market.
What Does Futures Market Mean?
An auction market in which participants buy and sell commodity/future contracts for delivery on a specified future date. Trading is carried on through open yelling and hand signals in a trading pit.
Investopedia explains Futures Market
Volume in the futures market usually increases when the stock market outlook is uncertain.
http://www.investopedia.com/terms/f/futuresmarket.asp
A good reference for financial terms and definitions is here:
http://www.investopedia.com/terms/forex/f/forex-market.asp
What Does Forex Market Mean?
The market in which participants are able to buy, sell, exchange and speculate on currencies. The forex markets is made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and investors. The currency market is considered to be the largest financial market in the world, processing trillions of dollars worth of transactions each day.
Investopedia explains Forex Market
The foreign exchange markets isn't dominated by a single market exchange, but involves a global network of computers and brokers from around the world. Central banks use their massive buying and selling capabilities to alter exchange rates through their open market activities and in many cases will do so not with profit in mind, but rather for any number of policy reasons. Forex brokers act as market makers as well, and may post bid and ask prices for a currency pair that differs from the most competitive bid in the market.
What Does Futures Market Mean?
An auction market in which participants buy and sell commodity/future contracts for delivery on a specified future date. Trading is carried on through open yelling and hand signals in a trading pit.
Investopedia explains Futures Market
Volume in the futures market usually increases when the stock market outlook is uncertain.
http://www.investopedia.com/terms/f/futuresmarket.asp
How To Find Good Forex Broker?
Fin Pur
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
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
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how to use Forex exchange?
Posted by Ryanita
on
Friday, February 21, 2014
, under
forex exchange
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comments (0)
emil
I want to use Forex, is it all right normal banking account or special one needed, how to register ther does anyone helps me? Thanks a lot
thank you :)
thank you all of you for sharing your ideas and for helping
Answer
If you are a beginner, i suggest you to use Marketiva, which is a very good platform to start trading with and very easy to use.
Marketiva gives you 5$ real to start trading so you don't have to deposit and if you made profit from it you can cash out, this is why it's very good for beginners. Their platform is very easy to use and they have support during trading hours for your questions, doubts etc.
They also have chat channels where you can talk, exchange opinions and ideas with traders of your country or international traders.
To open your account please visit http://www.marketiva.com/index.ncre?gid=3371
If you are a beginner, i suggest you to use Marketiva, which is a very good platform to start trading with and very easy to use.
Marketiva gives you 5$ real to start trading so you don't have to deposit and if you made profit from it you can cash out, this is why it's very good for beginners. Their platform is very easy to use and they have support during trading hours for your questions, doubts etc.
They also have chat channels where you can talk, exchange opinions and ideas with traders of your country or international traders.
To open your account please visit http://www.marketiva.com/index.ncre?gid=3371
Is FOREX (foreign exchange trading) easy to learn and get started in?
Q.
Answer
Having traded the FOREX for some time, I would say that learning and getting started are both easy. Making money however is quite hard. I would go to one of the FX broker websites and look for one that has a free demo account. Start your pretend trading account with a few thousand pretend dollars and when and ONLY when you have doubled it, open a real account with real money. You might lose all of that a few times before you get it right, as psychologically it is harder to trade with real money than imaginary money. Don't quit your day job right away.
The link below will take you to FX Street which is an excellent news site about the FX market, and will give you a list of FX brokers, many of whom can open a free demo account for you. FXCM is one of those brokers, also linked below. This is NOT an endorsement of FXCM. You may need to find a broker in your country of choice, and you should know that you can open an account in almost any currency you want to use as your base currency if you find the right brokers.
You should study up on technical trading, interpretation of chart patterns etc, and if you prefer a fundamental approach study macroeconomics and try to understand what economic events and forces will change the flow of currency.
I would not recommend spending a lot of money on some sort of magic software that supposedly tells you when to trade. I started that way and eventually did better trading without the expensive software than I did with it. The only ones making money with most of the fancy software out there are the ones selling the software. After all, if their software was so good, why do they need to sell it? They should be rich from trading their own accounts.
Also, look on Yahoo! groups for some support groups. They are quite active and can steer you towards group meetings in your area, training seminars, and even have live trading sessions with IM in the middle of the night.
Having traded the FOREX for some time, I would say that learning and getting started are both easy. Making money however is quite hard. I would go to one of the FX broker websites and look for one that has a free demo account. Start your pretend trading account with a few thousand pretend dollars and when and ONLY when you have doubled it, open a real account with real money. You might lose all of that a few times before you get it right, as psychologically it is harder to trade with real money than imaginary money. Don't quit your day job right away.
The link below will take you to FX Street which is an excellent news site about the FX market, and will give you a list of FX brokers, many of whom can open a free demo account for you. FXCM is one of those brokers, also linked below. This is NOT an endorsement of FXCM. You may need to find a broker in your country of choice, and you should know that you can open an account in almost any currency you want to use as your base currency if you find the right brokers.
You should study up on technical trading, interpretation of chart patterns etc, and if you prefer a fundamental approach study macroeconomics and try to understand what economic events and forces will change the flow of currency.
I would not recommend spending a lot of money on some sort of magic software that supposedly tells you when to trade. I started that way and eventually did better trading without the expensive software than I did with it. The only ones making money with most of the fancy software out there are the ones selling the software. After all, if their software was so good, why do they need to sell it? They should be rich from trading their own accounts.
Also, look on Yahoo! groups for some support groups. They are quite active and can steer you towards group meetings in your area, training seminars, and even have live trading sessions with IM in the middle of the night.
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Forex Trading Strategy?
Posted by Ryanita
on , under
forex 7 days
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comments (0)
Q. is there a good forex trading strategy that work for anyone?
Answer
Here is a great Forex trading strategy that works very well for me. No it's not the regular advice that you get everyday from other traders that are probably losing their money in the market too. Most people will advice you to read all the books about Forex, take all the courses out there, practice for 5 years then see where will that take you. We know that this is non-sense.
When we decided to invest in the Forex market it was because we want to invest money and see some returns quickly without having to go through a learning curve that takes forever, then if you got really lucky it might work for you.
I decided to take a different approach and think a little bit out of the box. I figured, I don't have to be an expert in Forex to make money in that market. Let me give you an example. If someone filed a lawsuit against you, You don't have to study law for 10 years so you can win in court! You simply hire a lawyer that knows what he's doing to take care of that for you.
It's the same thing here, I am an investor I need to make money investing in Forex. There is no point in studying it for years and try to come up with strategies that only god knows if it will ever work or not. I even end up spending money on training courses and I find my self in the end losing money without even getting started in trading.
I took a different path, some might call it laziness but I frankly don't care. All I care about is to see returns on my investment without learning how to trade from scratch for years. I invest my time looking for qualified traders that have a track record and the skills to increase my portfolio safely every day. There are traders all over the world with outstanding trading skills there is nothing wrong with hiring or following some of them and in return they take a small cut, at the end of the day everybody is happy.
It's not an easy task to find a good trader with the skills needed to trade your money, But it sure is much easier for me than trying to learn all about Forex for years and even spend tons of money on courses and EAs. Let me tell you the key features that I look for in a trader. There are 7 key features makes a trader qualified to trade my account and I am going to share them with you.
The 7 Key Features/Skills That Makes a Trader Qualified To Trade For Me:
Risk shouldn't be more than 3% of the account in a single trade.
A track record and history of live trading on a live account for at least 1 year.
Risk:Reward ratio 1:1, I prefer 1:2 meaning profit should be double the risk.
Open positions shouldn't be more than 3 at any given time.
No Scalping! I don't go for 3-5 pips in profit per trade that doesn't work.
There should be always a "stop loss" and a "take profit" targets in place
TP targets should never be bigger than the TP targets.
Take the time to check online traders, and I mean real traders not robots. Make sure they have the above skills, study their history carefully and start partnering up with them. Trade a small amount of your capital and as you get comfortable increase your trading balance a bit by bit. This is a very realistic approach, and it works. I advice you to cut your losses today stop spending money on courses/trainers and look for real traders that can actually trade and help you grow your portfolio.
Here is a great Forex trading strategy that works very well for me. No it's not the regular advice that you get everyday from other traders that are probably losing their money in the market too. Most people will advice you to read all the books about Forex, take all the courses out there, practice for 5 years then see where will that take you. We know that this is non-sense.
When we decided to invest in the Forex market it was because we want to invest money and see some returns quickly without having to go through a learning curve that takes forever, then if you got really lucky it might work for you.
I decided to take a different approach and think a little bit out of the box. I figured, I don't have to be an expert in Forex to make money in that market. Let me give you an example. If someone filed a lawsuit against you, You don't have to study law for 10 years so you can win in court! You simply hire a lawyer that knows what he's doing to take care of that for you.
It's the same thing here, I am an investor I need to make money investing in Forex. There is no point in studying it for years and try to come up with strategies that only god knows if it will ever work or not. I even end up spending money on training courses and I find my self in the end losing money without even getting started in trading.
I took a different path, some might call it laziness but I frankly don't care. All I care about is to see returns on my investment without learning how to trade from scratch for years. I invest my time looking for qualified traders that have a track record and the skills to increase my portfolio safely every day. There are traders all over the world with outstanding trading skills there is nothing wrong with hiring or following some of them and in return they take a small cut, at the end of the day everybody is happy.
It's not an easy task to find a good trader with the skills needed to trade your money, But it sure is much easier for me than trying to learn all about Forex for years and even spend tons of money on courses and EAs. Let me tell you the key features that I look for in a trader. There are 7 key features makes a trader qualified to trade my account and I am going to share them with you.
The 7 Key Features/Skills That Makes a Trader Qualified To Trade For Me:
Risk shouldn't be more than 3% of the account in a single trade.
A track record and history of live trading on a live account for at least 1 year.
Risk:Reward ratio 1:1, I prefer 1:2 meaning profit should be double the risk.
Open positions shouldn't be more than 3 at any given time.
No Scalping! I don't go for 3-5 pips in profit per trade that doesn't work.
There should be always a "stop loss" and a "take profit" targets in place
TP targets should never be bigger than the TP targets.
Take the time to check online traders, and I mean real traders not robots. Make sure they have the above skills, study their history carefully and start partnering up with them. Trade a small amount of your capital and as you get comfortable increase your trading balance a bit by bit. This is a very realistic approach, and it works. I advice you to cut your losses today stop spending money on courses/trainers and look for real traders that can actually trade and help you grow your portfolio.
Forex credit?
Q. ok, im very very new to this. I think investing in Forex is appealing, but my question is, if a lot costs $100,000, and i open it with $1000, then i'll have a credit of $99,000, i have to pay it all back right? so it means that i will not gain any profit till i finish paying for the whole lot?please help... im 21yrs old and dumb...lol
is it very very risky to invest in forex?
is it very very risky to invest in forex?
Answer
One of the features of the Forex market that has captured the interest of many investors is the leverage that is available. It is not uncommon to find brokers that offer 100-1, 200-1 and up to 400-1 leverage.
This leverage provides the investor the opportunity to control $100,000 of currency (1 lot) with as little as $250 (with 400-1 leverage). Although this may look like a way to make great profits you can just as easily make great losses. Leverage exposes the inexperienced Forex participant to extremely high risk if they don't know what they are doing.
The other unique feature of the Forex market is the fact that certain currency pairs pay the investor a daily interest rate (swap rate) 7 days a week. With the interest paid daily on the $100,000 worth of currency the leverage could provide a very attractive annual interest rate. For example, the daily swap rate on 1 lot of the USD/CHF is currently $8.90, or over the course of a year $3248.
I must once again caution you though, that the Forex market is no place for the uninformed. There are conservative strategies that can be employed to reduce risks and generate a decent return but it is best to study and practice with demo accounts until risking any real money.
Good luck,
Paul
One of the features of the Forex market that has captured the interest of many investors is the leverage that is available. It is not uncommon to find brokers that offer 100-1, 200-1 and up to 400-1 leverage.
This leverage provides the investor the opportunity to control $100,000 of currency (1 lot) with as little as $250 (with 400-1 leverage). Although this may look like a way to make great profits you can just as easily make great losses. Leverage exposes the inexperienced Forex participant to extremely high risk if they don't know what they are doing.
The other unique feature of the Forex market is the fact that certain currency pairs pay the investor a daily interest rate (swap rate) 7 days a week. With the interest paid daily on the $100,000 worth of currency the leverage could provide a very attractive annual interest rate. For example, the daily swap rate on 1 lot of the USD/CHF is currently $8.90, or over the course of a year $3248.
I must once again caution you though, that the Forex market is no place for the uninformed. There are conservative strategies that can be employed to reduce risks and generate a decent return but it is best to study and practice with demo accounts until risking any real money.
Good luck,
Paul
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Forex Trading indicators?
Posted by Ryanita
on , under
forex indicators
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comments (0)
Osama
Hi all, I am new to this online trading so I need some information on these Forex indicators like SMA, EMA, STOC, RSI, FIB, MACD, BOLL and how to analyse themi n trading.
Answer
Try the forex tutorial at www.forexlane.com. The technical section has an explanation and methods of use for all the technical analysis tools that you are looking for.
Try the forex tutorial at www.forexlane.com. The technical section has an explanation and methods of use for all the technical analysis tools that you are looking for.
What is Best Forex Indicator?
Infonocall
I've been trading FOREX in a while, I used various inidcators such as MAs, Stochastic, MACD, RSI, and countless others.
However, none of them really works well for me in most cases.
MAs cross-over is hard to predict. Always fit better after the facts. For example, like MA (9) crosses MA (14) or MA (14) crosses MA (32) , I even tested many other flavors of MAs claimed offer faster and smoothier movements. Of course, if MA (9) didn't cross MA (14) and failed to your expectation of the movement, MA (3) crossed over MA (9)...
Can you tell me other Forex trading indicators? What is best forex indicator?
Answer
There are three real-time moving indicators: Price, Volume, and of course Time.
Most traders focused on PRICE indicator and hundreds of other indicators derived from it, they miss two other important indicators - VOLUME and TIME. What moves the price? VOLUME and the forces driving the volume. How to see price movement? Over TIME. You need to observe Price, Volume, Time and their dynamic interactions.
The best Forex indicator (or for any other financial market) is Market Profile. More information on market profile trading can be found at:
http://www.squidoo.com/stock_technical_analysis
Or Google search "simple best technical indicator".
Cheers!
There are three real-time moving indicators: Price, Volume, and of course Time.
Most traders focused on PRICE indicator and hundreds of other indicators derived from it, they miss two other important indicators - VOLUME and TIME. What moves the price? VOLUME and the forces driving the volume. How to see price movement? Over TIME. You need to observe Price, Volume, Time and their dynamic interactions.
The best Forex indicator (or for any other financial market) is Market Profile. More information on market profile trading can be found at:
http://www.squidoo.com/stock_technical_analysis
Or Google search "simple best technical indicator".
Cheers!
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How do I make some serious money?
Posted by Ryanita
on , under
forex israel
|
comments (0)
Recall
I've lost close to $100k in recent weeks trading market index, I've already entered into a contract to buy a piece of land in two weeks time and now I don't even have enough any money for a deposit, how do I make some serious money in two weeks and beyond? I'm 27 and pretty much bankrupt right now, that was all the money I had saved.
I'm not a natural sport superstar or famous entertainer, I'm willing to do anything else to make serious money as quickly as possible with minimal risk, does anyone have any advice? I'm up for anything, whether ethical or unethical, I am very desperate. I have no interest working in couple of part time jobs for $20 an hour for the next 20 years to save up. I need an idea that requires minimal capital, something to make it big... I live in Australia
I know I'm asking in the Israel section, but I very much respect Jewish people's business acumen.
Ok with great and controlled risk where possible
@hatmanone: I'm not trolling, I asked about the mentality between Chinese and Jewish people, because I'm Chinese myself, and the Jewish people I met in uni are extremely entrepreneurial. I have a deep respect for Jewish people. And to the other dude, the $100k was my life saving from working.
Answer
You have two options as far as i see it:
(if you need the money urgently in the next two weeks, your best bet is a bank or financial institution; tr asking for a loan, line of credit or other product that may help you get 100K quickly)
or, you can try starting or investing in a business, if you have stock market experience, try investing in some high yielding stocks, maybe Forex; i would recommend starting and running your own business, online businesses and neighborhood businesses really require very little capital; but a lot of hard work and dedication...
You have two options as far as i see it:
(if you need the money urgently in the next two weeks, your best bet is a bank or financial institution; tr asking for a loan, line of credit or other product that may help you get 100K quickly)
or, you can try starting or investing in a business, if you have stock market experience, try investing in some high yielding stocks, maybe Forex; i would recommend starting and running your own business, online businesses and neighborhood businesses really require very little capital; but a lot of hard work and dedication...
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what is the truth about forex?
Posted by Ryanita
on , under
forex 5 min scalping
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comments (0)
I traded succesfuly in a demo account for 3 months, now if i can make a 10 % monthly accumulated, then it seems like i can score a million in 4 or 5 years. now what's the catch ??
i use scalping and also trade in 15 min frame trading, use several indicators, now there are several miths (or thuths i dont know) out there about forex: it's a zero sum game !!! ecn dont manipulate your prices like market makers do!!! forex is a scam they hunt your stops and or manipulate prices, they delay your orders !! when you start making a lot of money they close your account !! they dont let you withdraw your money!!
It takes a little comon sense to realize that it is not a zero sum game since a currency pair that moves 100 pips in one direction from 1.2810 to 1.2910 ten guys can make ten pips each buying and selling each other. and even the last guy could probably buy for a longer position and hold for days or weeks with larger stops.
I also heard that things changes when you move from a demo to a real live account: with slippage and other problems.
Now with so many scams it is hard to make a desicion about what broker to choose.
FXCM, CITI, SAXO, CMC, CMS, OANDA, ETORO, FOREX.COM, GFT. Seems to be the best rated, but then again is so easy to fake a review, plus i found all of them to have negative reviews in some websites.
My question is what is the technical difference between a real and demo account, not the emotional of course when you trade a real one you risking hard earned money. i also found this link in wikipedia: http://en.wikipedia.org/wiki/Forex_scams
CFTC investigated more than 80 cases involving the defrauding of more than 23,000 customers who lost $350 million.
So im looking for somebody out there that has been trading succesfuly for more than a year, and tell me his/her experience regarding all this matters. What is the best broker, ecn and so on and on.
I appreciate any help and comments, best of luck.
Answer
Paper trading is never an indication of how well you'll do. Never ever. It's great to learn the platform & order types.
Of the brokers you mentioned I like (in order of preference);
GFT
FXCM
OANDA
FOREX.COM
Stay away from SAXO, ETORO & CITI.
Slippage is the key problem with demos & psychology follows very closely. Besides.... unless you paper trade for a year or two.... you won't really test different markets & your money management skills. Needless to say you're trading against a non-existent market... since buyers and sellers don't see your order & can't react to it.
In FX.... if your money management skills aren't excellent..... you'll kill your account quickly.
Read many books.
One good one to start is;
Millionaire Traders (Kathy Lein & Boris Schlossberg)
Paper trading is never an indication of how well you'll do. Never ever. It's great to learn the platform & order types.
Of the brokers you mentioned I like (in order of preference);
GFT
FXCM
OANDA
FOREX.COM
Stay away from SAXO, ETORO & CITI.
Slippage is the key problem with demos & psychology follows very closely. Besides.... unless you paper trade for a year or two.... you won't really test different markets & your money management skills. Needless to say you're trading against a non-existent market... since buyers and sellers don't see your order & can't react to it.
In FX.... if your money management skills aren't excellent..... you'll kill your account quickly.
Read many books.
One good one to start is;
Millionaire Traders (Kathy Lein & Boris Schlossberg)
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Is FOREX (foreign exchange trading) easy to learn and get started in?
Posted by Ryanita
on
Wednesday, February 19, 2014
, under
forex exchange
|
comments (0)
Q.
Answer
Having traded the FOREX for some time, I would say that learning and getting started are both easy. Making money however is quite hard. I would go to one of the FX broker websites and look for one that has a free demo account. Start your pretend trading account with a few thousand pretend dollars and when and ONLY when you have doubled it, open a real account with real money. You might lose all of that a few times before you get it right, as psychologically it is harder to trade with real money than imaginary money. Don't quit your day job right away.
The link below will take you to FX Street which is an excellent news site about the FX market, and will give you a list of FX brokers, many of whom can open a free demo account for you. FXCM is one of those brokers, also linked below. This is NOT an endorsement of FXCM. You may need to find a broker in your country of choice, and you should know that you can open an account in almost any currency you want to use as your base currency if you find the right brokers.
You should study up on technical trading, interpretation of chart patterns etc, and if you prefer a fundamental approach study macroeconomics and try to understand what economic events and forces will change the flow of currency.
I would not recommend spending a lot of money on some sort of magic software that supposedly tells you when to trade. I started that way and eventually did better trading without the expensive software than I did with it. The only ones making money with most of the fancy software out there are the ones selling the software. After all, if their software was so good, why do they need to sell it? They should be rich from trading their own accounts.
Also, look on Yahoo! groups for some support groups. They are quite active and can steer you towards group meetings in your area, training seminars, and even have live trading sessions with IM in the middle of the night.
Having traded the FOREX for some time, I would say that learning and getting started are both easy. Making money however is quite hard. I would go to one of the FX broker websites and look for one that has a free demo account. Start your pretend trading account with a few thousand pretend dollars and when and ONLY when you have doubled it, open a real account with real money. You might lose all of that a few times before you get it right, as psychologically it is harder to trade with real money than imaginary money. Don't quit your day job right away.
The link below will take you to FX Street which is an excellent news site about the FX market, and will give you a list of FX brokers, many of whom can open a free demo account for you. FXCM is one of those brokers, also linked below. This is NOT an endorsement of FXCM. You may need to find a broker in your country of choice, and you should know that you can open an account in almost any currency you want to use as your base currency if you find the right brokers.
You should study up on technical trading, interpretation of chart patterns etc, and if you prefer a fundamental approach study macroeconomics and try to understand what economic events and forces will change the flow of currency.
I would not recommend spending a lot of money on some sort of magic software that supposedly tells you when to trade. I started that way and eventually did better trading without the expensive software than I did with it. The only ones making money with most of the fancy software out there are the ones selling the software. After all, if their software was so good, why do they need to sell it? They should be rich from trading their own accounts.
Also, look on Yahoo! groups for some support groups. They are quite active and can steer you towards group meetings in your area, training seminars, and even have live trading sessions with IM in the middle of the night.
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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tips for a novice in forex and commodity trading?
Posted by Ryanita
on , under
forex trading tips
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comments (0)
parzan s
Answer
The particular website linked at the bottom specializes in giving novice/beginner forex-traders helpful fundamental information regarding large and detailed introductions on foreign exchange, forex-trading tips, concepts, fraud warning info, trading safety info and also excellent, detailed information on the Major currencies of the world and the Central Banks that go with it.
There is also an article written especially for novice traders, where a more advanced trader is writing about his experiences in forex-trading during one day. All these articles are for novices and beginners, but the very first link at the top of the list below is especially written for novices. On the home-page of the website, it will show the latest news on economies and forextrading and may help you while you trade.
The particular website linked at the bottom specializes in giving novice/beginner forex-traders helpful fundamental information regarding large and detailed introductions on foreign exchange, forex-trading tips, concepts, fraud warning info, trading safety info and also excellent, detailed information on the Major currencies of the world and the Central Banks that go with it.
There is also an article written especially for novice traders, where a more advanced trader is writing about his experiences in forex-trading during one day. All these articles are for novices and beginners, but the very first link at the top of the list below is especially written for novices. On the home-page of the website, it will show the latest news on economies and forextrading and may help you while you trade.
Forex trading? Tipping advice, are they any use?
Dm
Have you heard of or used the site $hivFX19?
Any ideas for a cheap and effective website for information and predictions on FX trading
Answer
You can make a decent living trading forex. But that will take time and severe disciple managing your own money. Time will teach you along with many books that you can buy on trading forex and websites.
Try the follwoing for learning purposes and setup demo accounts ( paper money ) to learn the game.
Only and only after you have a few systems that make money for a year or two in demo system, you got game................
www.fxcm.com
www.forex.com
www.cmsfx.com
www.goforex.net/reviews/cms.htm
www.mql4.com
You can make a decent living trading forex. But that will take time and severe disciple managing your own money. Time will teach you along with many books that you can buy on trading forex and websites.
Try the follwoing for learning purposes and setup demo accounts ( paper money ) to learn the game.
Only and only after you have a few systems that make money for a year or two in demo system, you got game................
www.fxcm.com
www.forex.com
www.cmsfx.com
www.goforex.net/reviews/cms.htm
www.mql4.com
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spot forex and futures? whats the benefit? futures brokers are much cheaper?
Posted by Ryanita
on , under
forex futures
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comments (0)
David C
Hi
FXCM has been recommended to me for trading spot forex currency pairs.
I mainly trade emini futures through a futures broker at $4.75 per contract per round trip.
It seems much more expensive in the spread commission of 3 pips to trade currency pairs through FXCM to get the same profit per pip.
What is the benefit of using FXCM or any other spot broker when I can just get $4.75 per round trip through a futures broker, I just can't see the point of paying a 3 pip spread.
Am I missing something?
Julia dear, please stay in Africa if you have nothing relevant to contribute.
Answer
The only real advantage of Forex vs. currency futures is that Forex allows you to scale as small as you want to trade, while futures is only available with a contract size that may be too large for many accounts to safely handle. A person with a smaller account may find the ability to trade even a fractional micro-lot reason enough to switch.
Perceived advantages may include the increased liquidity of the major pairs on spot vs futures, but in reality the other side of your position is almost always taken by your forex broker, because he expects and usually wants you to lose.
Another advantage some point to is that it is much less likely to run through a stop in Forex than in futures, but at the same time I would submit that it is much more likely that the Forex shops would shade the price enough to trigger stops just to take their customers out of trades, which you don't see on the regulated futures exchange.
Some say that forex has no commissions, but in reality, as you have noted, the spread is much more expensive than the commission.
Others point to the fact that you can open a Forex account at many firms for less than $100 and receive 400-1 margin, however, could also be suicidal to your account to use this type of leverage.
I have traded Forex for many years and educate traders as well, and I would encourage all of my clients to stick with the futures unless their account is under $10k. I have noticed that the business has become increasingly dishonest - there are only a couple of shops that are truly legitimate - one, Dukascopy, is excellent, but is increasingly difficult for Americans to deal with since the IRS crackdown on Swiss accounts and requires a very large minimum account size. I switched to currency futures two years ago and you couldn't pay me to go back to Forex.
The only real advantage of Forex vs. currency futures is that Forex allows you to scale as small as you want to trade, while futures is only available with a contract size that may be too large for many accounts to safely handle. A person with a smaller account may find the ability to trade even a fractional micro-lot reason enough to switch.
Perceived advantages may include the increased liquidity of the major pairs on spot vs futures, but in reality the other side of your position is almost always taken by your forex broker, because he expects and usually wants you to lose.
Another advantage some point to is that it is much less likely to run through a stop in Forex than in futures, but at the same time I would submit that it is much more likely that the Forex shops would shade the price enough to trigger stops just to take their customers out of trades, which you don't see on the regulated futures exchange.
Some say that forex has no commissions, but in reality, as you have noted, the spread is much more expensive than the commission.
Others point to the fact that you can open a Forex account at many firms for less than $100 and receive 400-1 margin, however, could also be suicidal to your account to use this type of leverage.
I have traded Forex for many years and educate traders as well, and I would encourage all of my clients to stick with the futures unless their account is under $10k. I have noticed that the business has become increasingly dishonest - there are only a couple of shops that are truly legitimate - one, Dukascopy, is excellent, but is increasingly difficult for Americans to deal with since the IRS crackdown on Swiss accounts and requires a very large minimum account size. I switched to currency futures two years ago and you couldn't pay me to go back to Forex.
what is meant by forex trading?what is meant by futures and options?
binesh2000
forex trading means trading in foriegn exchange.
Answer
So i guess you know what forex trading is.
Futures and options and forwrds, the easiest, are a kind of derivatives. Derivatives are a financial instrument whose value derives form the value of other, more basic underlying assets.
Now, forwards are contracts in which the price of a commodity or currency is set for the future. It has to do with expectations of the market, and how the market thinks, based on information today, the price of those commodities or currencies will be in a certain date.
Lets say the exchange rate of mexican pesos for us dollars today is $11.09. That´s the spot exchange rate. Now, lets say you and i agree that in june 2006, im your gonna sell me american dollars at an exchange rate of $11.1828. If my expectation is the peso will be higher, im gonna make a deal with you. So, the future of the pedo, for june 2006 will be $11.1828. Imagine our deal, but not made between us, but between thousands of dealers, in the Chicago MArket.
Companies use futures a lot as a way to protect themselves. I believe in english its called hedging. If an american firm sells water tanks to a firm in France, but the payment isnt due untill 45 days later, both companies would like to agree to make the exchange of euros for us dollars at a future exchange rate. That way they now exactly how much they owe or get. The same with commodity prices. A future of the price of oil is nothing more than a contract agreeing on the future price of the transaction. Funny thing is, you and i can agree on an oils future contract, where im selling and your buying, but the barrel of oil is never transacted. What we do is, lets say the future price of oil for august is $73 usd. im selling, you are buying, and we agree on that price. Come august 31st, the real price of oil is $78 usd. since you are buying, you win $5 bucks per barrel right? And i lose % per barrel... so instead of giving you a barrel of oil you cannot even store, i just give you $5 per barrel. _If the real price had been $65, i would have won $8 per barrel, and you lose $8 per barrel.
The same with futures. MAjor difference with forwards is that an exchange of assets is required. Contracts are pretty much standarized. The delivery, kind and quality of product, etc is all defined. Largest exchanges are made in the Chicago Board Trade. Futures include a los of prodcts... live cattle, sugar, coffee, gold, cooper, aluminium, etc.
Options are a little bit harder. There are 2 basic type of options: call options, giving the holder the right, option, to buy an asset at a certain date at a certain price. Put options, giving the holder the right, option, to sell an asset at a certain date at a certain price. For example, lets say i buy a call option to buy in 3 months stock of yahoo. The actual price is, just an example, $10 bucks, and my call option gives me the option to buy at $12. The price to buy that option for 1 share of yahoo is worth $1. If 3 months pass, and the price of the stock is $11, i certainly wont take my option to buy the stock and lose $1, the initial investment on the option. But if the real price is $15, im going to take my option, buy the stock at $12 and sell it at $15, earning $2.
Just be careful cause there are american options and european options... european options can only be excersied at the end of the contract, ehile american options can be excercised whenever in the life of the option.
So i guess you know what forex trading is.
Futures and options and forwrds, the easiest, are a kind of derivatives. Derivatives are a financial instrument whose value derives form the value of other, more basic underlying assets.
Now, forwards are contracts in which the price of a commodity or currency is set for the future. It has to do with expectations of the market, and how the market thinks, based on information today, the price of those commodities or currencies will be in a certain date.
Lets say the exchange rate of mexican pesos for us dollars today is $11.09. That´s the spot exchange rate. Now, lets say you and i agree that in june 2006, im your gonna sell me american dollars at an exchange rate of $11.1828. If my expectation is the peso will be higher, im gonna make a deal with you. So, the future of the pedo, for june 2006 will be $11.1828. Imagine our deal, but not made between us, but between thousands of dealers, in the Chicago MArket.
Companies use futures a lot as a way to protect themselves. I believe in english its called hedging. If an american firm sells water tanks to a firm in France, but the payment isnt due untill 45 days later, both companies would like to agree to make the exchange of euros for us dollars at a future exchange rate. That way they now exactly how much they owe or get. The same with commodity prices. A future of the price of oil is nothing more than a contract agreeing on the future price of the transaction. Funny thing is, you and i can agree on an oils future contract, where im selling and your buying, but the barrel of oil is never transacted. What we do is, lets say the future price of oil for august is $73 usd. im selling, you are buying, and we agree on that price. Come august 31st, the real price of oil is $78 usd. since you are buying, you win $5 bucks per barrel right? And i lose % per barrel... so instead of giving you a barrel of oil you cannot even store, i just give you $5 per barrel. _If the real price had been $65, i would have won $8 per barrel, and you lose $8 per barrel.
The same with futures. MAjor difference with forwards is that an exchange of assets is required. Contracts are pretty much standarized. The delivery, kind and quality of product, etc is all defined. Largest exchanges are made in the Chicago Board Trade. Futures include a los of prodcts... live cattle, sugar, coffee, gold, cooper, aluminium, etc.
Options are a little bit harder. There are 2 basic type of options: call options, giving the holder the right, option, to buy an asset at a certain date at a certain price. Put options, giving the holder the right, option, to sell an asset at a certain date at a certain price. For example, lets say i buy a call option to buy in 3 months stock of yahoo. The actual price is, just an example, $10 bucks, and my call option gives me the option to buy at $12. The price to buy that option for 1 share of yahoo is worth $1. If 3 months pass, and the price of the stock is $11, i certainly wont take my option to buy the stock and lose $1, the initial investment on the option. But if the real price is $15, im going to take my option, buy the stock at $12 and sell it at $15, earning $2.
Just be careful cause there are american options and european options... european options can only be excersied at the end of the contract, ehile american options can be excercised whenever in the life of the option.
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What do these things mean in Forex?
Posted by Ryanita
on , under
forex 80 system
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comments (0)
Gordon
1. What is the exponential next to the price? You know the small number. For example CAD/JPY will say for price: 76.55^4.
2. What is the big number inside the little boxes? For example for AUD/CAD the price is 1.03, and for buy it says 82^7.
I'm guessing it may have something to do with the volatility or spread but it tells me the spread already in yet another box, so I just don't know. Thanks!
Answer
It would help to know which website or platform you are looking at, or which quote system or brokerage site. Not having that, I'll guess.
1. The "exponential" next to price is the spread between bid and ask price. The other number is the correct price for the CAD/JPY.
2. Except for a few cross rates, most currency quotes have four decimals, e.g.
GBP/USD 1.5692
EUR/USD 1.3485
AUD/CAD 1.0382
The "82" for the AUD/CAD is simply the last two digits of the quoted price. It is too difficult to read 1.0382 quickly (also more difficult to remember), and much easier to read the last two two digits "82" at a glance. Plus, from the old days of pit trading, that's how they would yell the order (or use hand signals) across the trading floor, "Buy at 82," would be their bid. Also, the 1.03 part doesn't change much during the day, maybe not at all, so it is redundant and understood. The pit traded S&P futures are still traded this way today.
FOREX related
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.
It would help to know which website or platform you are looking at, or which quote system or brokerage site. Not having that, I'll guess.
1. The "exponential" next to price is the spread between bid and ask price. The other number is the correct price for the CAD/JPY.
2. Except for a few cross rates, most currency quotes have four decimals, e.g.
GBP/USD 1.5692
EUR/USD 1.3485
AUD/CAD 1.0382
The "82" for the AUD/CAD is simply the last two digits of the quoted price. It is too difficult to read 1.0382 quickly (also more difficult to remember), and much easier to read the last two two digits "82" at a glance. Plus, from the old days of pit trading, that's how they would yell the order (or use hand signals) across the trading floor, "Buy at 82," would be their bid. Also, the 1.03 part doesn't change much during the day, maybe not at all, so it is redundant and understood. The pit traded S&P futures are still traded this way today.
FOREX related
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.
A good forex mauanl swing trading system?
Tc Obiechi
80% profit
Answer
Can't tell if you mean 80% annual profit or 80% correct tips.
In either case, it does not exist. Any person or site making such a claim is a fraud.
Can't tell if you mean 80% annual profit or 80% correct tips.
In either case, it does not exist. Any person or site making such a claim is a fraud.
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Is forex day trading legit? And if so how profitable is it?
Posted by Ryanita
on , under
forex 4 hour trading strategy
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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.
how to earn money in online trading?
srinivasra
Answer
Here is some unorthodox forex trading strategies:
1. The Sidus Method
2. Murrey Math
3. 4 Hour MACD Strategy
4. Mouteki System
http://tradinglib.com/category/trading-strategies
Here is some unorthodox forex trading strategies:
1. The Sidus Method
2. Murrey Math
3. 4 Hour MACD Strategy
4. Mouteki System
http://tradinglib.com/category/trading-strategies
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Forex Macro makes investments for corporate clients.?
Posted by Ryanita
on
Tuesday, February 18, 2014
, under
forex x
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comments (0)
ME
It makes an investment of $3700 for one year at simple interest, yielding $297. Part of the money is invested at 7% and the rest at 9%. How much was invested at each rate?
10 points to the correct answer! Thanks!
Answer
Let x = amt invested at 9 %
3700 â x = amt invested at 7%
.09x + .07(3700 â x) = 297
.09x + 259 â .07x = 297
.09x â .07x = 297 â 259
.02x = 38
x = 38/.02 = $1900 amt invested at 9 %
3700 â 1900 = $1800 amt invested at 7%
Let x = amt invested at 9 %
3700 â x = amt invested at 7%
.09x + .07(3700 â x) = 297
.09x + 259 â .07x = 297
.09x â .07x = 297 â 259
.02x = 38
x = 38/.02 = $1900 amt invested at 9 %
3700 â 1900 = $1800 amt invested at 7%
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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Forex && News Releases?
Posted by Ryanita
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forex 24
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comments (0)
James
When are the news releases for the EUR and USD
is there a set period of time like 8am EST they come out? or does it vary?
this would really help, THANK YOU!
PS: Don't forget to include time zone, EST is mine
THANKS AGAIN!
Answer
24/7
That's the joy of forex trading. There is no central market for currencies. Any news, any time, anywhere in the world that involves international trade, international investments, relative interest rates, or political stability will have an effect on forex rates. The most liquid markets for any currency occur during normal banking hours in major banking centers that use the currency as local money. That means for the EUR 0800 to 1600 Frankfurt time and for the USD 0800 to 1600 New York time. I personally like 0800-1000 New York time because there is still activity in Europe.
The most important news about forex is never "released". If the Bank of China is adjusting its foreign currency reserves and moving many billions for EUR to USD or AUD or the other way around, the last thing they want is for anybody to know that they're doing it. That's why technical analysis is king in forex: they can't hide the activity on the charts.
24/7
That's the joy of forex trading. There is no central market for currencies. Any news, any time, anywhere in the world that involves international trade, international investments, relative interest rates, or political stability will have an effect on forex rates. The most liquid markets for any currency occur during normal banking hours in major banking centers that use the currency as local money. That means for the EUR 0800 to 1600 Frankfurt time and for the USD 0800 to 1600 New York time. I personally like 0800-1000 New York time because there is still activity in Europe.
The most important news about forex is never "released". If the Bank of China is adjusting its foreign currency reserves and moving many billions for EUR to USD or AUD or the other way around, the last thing they want is for anybody to know that they're doing it. That's why technical analysis is king in forex: they can't hide the activity on the charts.
Information about FOREX?
coyote6702
Can anyone help me understand how to invest in foreign currencies? I understand that I need a broker, but how much is a good starting amount? What is a good leverage ratio? Are the currency markets volital like stock and bonds? Anything you can offer would be much appreciated?
Answer
The first question to address is whether forex investing is for you. Forex is one of the most liquid, ie. volatile, markets in the world. Stock and bond trading typically requires you to put up an amount equal to the price of the paper you're trading. This 1:1 leveraging greatly decreases your risk, regardless of volatility. Forex, however can allow up to 250:1 leveraging. Leveraging increases the risk that you could lose your entire investment, and more, despite the opportunity of high profits. It's imperative that you truly understand your risk tolerance levels so that your trading experience relies on calculated analysis rather than emotional roller coasters. The questions to ask are whether you're able to stomach the losses that traders inevitably experience, and are you disciplined enough to stick to strict rules governed by evidence rather than emotion.
The next question to address is how forex is traded. There are 3 types of forex markets to trade: spot, futures and options. The spot market deals with the currency itself, making you a buyer an seller of pounds, marks, francs and dollars, while the currency futures deals with futures contracts on those currencies. Both of these markets deal separately with high leveraged risk, but can be combined and traded together to create positions that are protected against adverse market moves. Options give you the opportunity to limit your risk while creating unlimited upside potential, and provide a useful tool to create more hedged speculative positions. Trading forex should involve a combination these three markets so that your positions can withstand the high volatility inherent in currencies.
Currencies are traded in standardized lots, and require you to put margin up to operate these lots. This margin can be geared to your risk comfort levels so as to limit your exposure to market moves. As each currency is traded, price moves are measured in pips, with each pip representing the minimum price change in a particular currency. Your profit or loss is calculated by a multiplier that's determined by the lot size and pip, and is credited to or debited from your account immediately upon liquidating your positions.
Spot forex and its options are a relatively unregulated market, that is, an over-the-counter (OTC) market, with no central exchange, and electronically trade currencies from all over the world 24/7. Currency futures and their options are governed by the CFTC here in the US, however, and can only be traded through a registered brokerage. You can sign up with any brokerage specializing in forex simply by filling in an application, signing the appropriate risk disclosures and demonstrating the necessary capital requirements. Be sure to understand the spread (commission) the brokerage will charge per trade, as that can severely hinder your ability to profit, and in fact contribute to your losses.
There is an extensive library on forex investing available, as well as a wide variety of systems and strategies to fit the day-, swing- and position-trader. If you have more specific questions about currency trading, and would like a free book, "Forex for Small Speculators" by Noble DraKoln, feel free to email me.
The first question to address is whether forex investing is for you. Forex is one of the most liquid, ie. volatile, markets in the world. Stock and bond trading typically requires you to put up an amount equal to the price of the paper you're trading. This 1:1 leveraging greatly decreases your risk, regardless of volatility. Forex, however can allow up to 250:1 leveraging. Leveraging increases the risk that you could lose your entire investment, and more, despite the opportunity of high profits. It's imperative that you truly understand your risk tolerance levels so that your trading experience relies on calculated analysis rather than emotional roller coasters. The questions to ask are whether you're able to stomach the losses that traders inevitably experience, and are you disciplined enough to stick to strict rules governed by evidence rather than emotion.
The next question to address is how forex is traded. There are 3 types of forex markets to trade: spot, futures and options. The spot market deals with the currency itself, making you a buyer an seller of pounds, marks, francs and dollars, while the currency futures deals with futures contracts on those currencies. Both of these markets deal separately with high leveraged risk, but can be combined and traded together to create positions that are protected against adverse market moves. Options give you the opportunity to limit your risk while creating unlimited upside potential, and provide a useful tool to create more hedged speculative positions. Trading forex should involve a combination these three markets so that your positions can withstand the high volatility inherent in currencies.
Currencies are traded in standardized lots, and require you to put margin up to operate these lots. This margin can be geared to your risk comfort levels so as to limit your exposure to market moves. As each currency is traded, price moves are measured in pips, with each pip representing the minimum price change in a particular currency. Your profit or loss is calculated by a multiplier that's determined by the lot size and pip, and is credited to or debited from your account immediately upon liquidating your positions.
Spot forex and its options are a relatively unregulated market, that is, an over-the-counter (OTC) market, with no central exchange, and electronically trade currencies from all over the world 24/7. Currency futures and their options are governed by the CFTC here in the US, however, and can only be traded through a registered brokerage. You can sign up with any brokerage specializing in forex simply by filling in an application, signing the appropriate risk disclosures and demonstrating the necessary capital requirements. Be sure to understand the spread (commission) the brokerage will charge per trade, as that can severely hinder your ability to profit, and in fact contribute to your losses.
There is an extensive library on forex investing available, as well as a wide variety of systems and strategies to fit the day-, swing- and position-trader. If you have more specific questions about currency trading, and would like a free book, "Forex for Small Speculators" by Noble DraKoln, feel free to email me.
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I am new to investing. I was wondering what are some good no loss investments I can make?
Posted by Ryanita
on , under
forex 5 minute chart strategy
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comments (0)
aderholdtw
I am looking for options for investments. Example would be a certificate of deposit. Any ideas?
Answer
I´ve been investing for more than 20 years and trading for almost 14, and I can tell you that if you want to make BIG and FAST profits, I recommend you trading rather than investing, trading can help you to go from rags to rich.
If you are investing, you must have already achieved some degree of financial success, long term stock investing and FOREX can help you to diversify your money and become much richer than you are today.
My experiences as a Nasdaq Market Maker, Head trader of several brokerage firms, and currently as a professional trader and private hedge fund manager, I can suggest you that:
We trade because we want quick, short term profits on a consistent basis. We want to cash flow the market. Milk it like a cow.
Make consistent, small, short term gains rather than trying to hit a home run on every trade. Don't ever forget that.
Don't marry a stock, marry the idea of making money trading stocks. That's the only way to do it.
For me "All stocks are equally worthlessâ
I don't hold on to any illusion that the stock market will continue to go up and provide a nice retirement for me.
I could care less which way the market goes. It's irrelevant to me if the market goes higher, crashes or moves sideways for the next 50 years. I really could care less. Stocks are just four letters with two prices next to them that I use to make a living trading.
Trade ONLY when you have a clear, easy and identifiable advantage, because without a CLEAR EDGE your odds of success are NO better than a flip of a coin⦠That´s why so many new traders (and investors) lose money.
Take a look at any daily chart of any index or stock and you'll probably see the most volatility and the biggest opportunity for profit during the first Hour of the stock market's opening.
The popular thinking and conventional wisdom is that you should wait about an hour before you start trading.
But if you do, you'll miss the big, fast moves that stocks make as all the amateurs let their emotions out through their online accounts, usually right after they read some news headline or hear Maria Bartiromo go off about a stock on CNBC.
It's easy to see why trading the open is the market's prime time for profiting from other online traders.
The market's open is very volatile - that is the perfect environment for LARGE, FAST profits.
Learn to trade as a professional Market Maker, not as an emotionally driven amateur trader or investor with few thousand dollars in an account at Etrade.
There isn't any other time during the day or any stock you can invest in, that can make you 1, 2, 3, 5, 7 or more points in minutes OTHER than during the first hour the stock market is open, that means: if you are buying or selling short a 1000 shares per transaction, you´ll make $1000,$2000,$3000,$5000 or $7000 Usd "IN MINUTES !!!" not in a day, not in a week, not in a month or in a year, in less than 60 minutes... That's why I love trading the open so much.
I trade only when I have an edge and that means "only the first hour the market is open".
If you are a beginning trader, you can give yourself an unfair advantage in the market trading this way.
I can carry on for hours on how to make money trading online, but if you ask me:
"What is your best advise?
I will say:
Give yourself a BIG favor and go to this "Top Secret" site and learn how to get by yourself the BEST stocks that will make the largest and fastest day trading profits you´ve ever seen.
www.onehourtrading.com
After you review this site you won´t need any system, strategy, book, software, guru or mentor to tell you what to do, you will be able to profit HUGE every day.
Besides, you´ll learn:
⢠The right amount of money to start tradingâ¦
⢠The best Online broker out thereâ¦
⢠Learn how to enter and exit a trade in seconds making Huge profitsâ¦
⢠Make more money than most day traders simply by trading one hour a day!!!
⢠How to reduce stress, limit risk and stay disciplined like a Pro.
⢠The 4 basic rules you should know, that every successful trader know, and amateurs don´t even imagine.
⢠How to trade against the amateurs and avoid like the plague doing it against the professionals , and why this will put you ONE STEP AHEAD of all traders.
⢠What causes more devastating trading loses than any other factor... and... How to avoid this pitfall! (Even savvy traders often fall victim to this! )
⢠Not to spend most of your day in front of a computer dealing with complex charts, software or technical analysis.
⢠Learn how to read the market´s open to make a huge profit just a few minutes after the opening bell.
All this and a lot moreâ¦
Good luck and good trading,
John Fontaine
I´ve been investing for more than 20 years and trading for almost 14, and I can tell you that if you want to make BIG and FAST profits, I recommend you trading rather than investing, trading can help you to go from rags to rich.
If you are investing, you must have already achieved some degree of financial success, long term stock investing and FOREX can help you to diversify your money and become much richer than you are today.
My experiences as a Nasdaq Market Maker, Head trader of several brokerage firms, and currently as a professional trader and private hedge fund manager, I can suggest you that:
We trade because we want quick, short term profits on a consistent basis. We want to cash flow the market. Milk it like a cow.
Make consistent, small, short term gains rather than trying to hit a home run on every trade. Don't ever forget that.
Don't marry a stock, marry the idea of making money trading stocks. That's the only way to do it.
For me "All stocks are equally worthlessâ
I don't hold on to any illusion that the stock market will continue to go up and provide a nice retirement for me.
I could care less which way the market goes. It's irrelevant to me if the market goes higher, crashes or moves sideways for the next 50 years. I really could care less. Stocks are just four letters with two prices next to them that I use to make a living trading.
Trade ONLY when you have a clear, easy and identifiable advantage, because without a CLEAR EDGE your odds of success are NO better than a flip of a coin⦠That´s why so many new traders (and investors) lose money.
Take a look at any daily chart of any index or stock and you'll probably see the most volatility and the biggest opportunity for profit during the first Hour of the stock market's opening.
The popular thinking and conventional wisdom is that you should wait about an hour before you start trading.
But if you do, you'll miss the big, fast moves that stocks make as all the amateurs let their emotions out through their online accounts, usually right after they read some news headline or hear Maria Bartiromo go off about a stock on CNBC.
It's easy to see why trading the open is the market's prime time for profiting from other online traders.
The market's open is very volatile - that is the perfect environment for LARGE, FAST profits.
Learn to trade as a professional Market Maker, not as an emotionally driven amateur trader or investor with few thousand dollars in an account at Etrade.
There isn't any other time during the day or any stock you can invest in, that can make you 1, 2, 3, 5, 7 or more points in minutes OTHER than during the first hour the stock market is open, that means: if you are buying or selling short a 1000 shares per transaction, you´ll make $1000,$2000,$3000,$5000 or $7000 Usd "IN MINUTES !!!" not in a day, not in a week, not in a month or in a year, in less than 60 minutes... That's why I love trading the open so much.
I trade only when I have an edge and that means "only the first hour the market is open".
If you are a beginning trader, you can give yourself an unfair advantage in the market trading this way.
I can carry on for hours on how to make money trading online, but if you ask me:
"What is your best advise?
I will say:
Give yourself a BIG favor and go to this "Top Secret" site and learn how to get by yourself the BEST stocks that will make the largest and fastest day trading profits you´ve ever seen.
www.onehourtrading.com
After you review this site you won´t need any system, strategy, book, software, guru or mentor to tell you what to do, you will be able to profit HUGE every day.
Besides, you´ll learn:
⢠The right amount of money to start tradingâ¦
⢠The best Online broker out thereâ¦
⢠Learn how to enter and exit a trade in seconds making Huge profitsâ¦
⢠Make more money than most day traders simply by trading one hour a day!!!
⢠How to reduce stress, limit risk and stay disciplined like a Pro.
⢠The 4 basic rules you should know, that every successful trader know, and amateurs don´t even imagine.
⢠How to trade against the amateurs and avoid like the plague doing it against the professionals , and why this will put you ONE STEP AHEAD of all traders.
⢠What causes more devastating trading loses than any other factor... and... How to avoid this pitfall! (Even savvy traders often fall victim to this! )
⢠Not to spend most of your day in front of a computer dealing with complex charts, software or technical analysis.
⢠Learn how to read the market´s open to make a huge profit just a few minutes after the opening bell.
All this and a lot moreâ¦
Good luck and good trading,
John Fontaine
How can I invest in gold and silver? Stocks maybe?
Q. Is goldworthfinancial.com a scam?
Yeah I though about that. I'm actually doing this so I can survive when the US dollar collapses.
Yeah I though about that. I'm actually doing this so I can survive when the US dollar collapses.
Answer
I´ve been investing for more than 20 years and trading for almost 14, and I can tell you that if you want to make BIG and FAST profits, I recommend you trading rather than investing, trading can help you to go from rags to rich.
If you are investing, you must have already achieved some degree of financial success, long term stock investing and FOREX can help you to diversify your money and become much richer than you are today.
My experiences as a Nasdaq Market Maker, Head trader of several brokerage firms, and currently as a professional trader and private hedge fund manager, I can suggest you that:
We trade because we want quick, short term profits on a consistent basis. We want to cash flow the market. Milk it like a cow.
Make consistent, small, short term gains rather than trying to hit a home run on every trade. Don't ever forget that.
Don't marry a stock, marry the idea of making money trading stocks. That's the only way to do it.
For me "All stocks are equally worthlessâ
I don't hold on to any illusion that the stock market will continue to go up and provide a nice retirement for me.
I could care less which way the market goes. It's irrelevant to me if the market goes higher, crashes or moves sideways for the next 50 years. I really could care less. Stocks are just four letters with two prices next to them that I use to make a living trading.
Trade ONLY when you have a clear, easy and identifiable advantage, because without a CLEAR EDGE your odds of success are NO better than a flip of a coin⦠That´s why so many new traders (and investors) lose money.
Take a look at any daily chart of any index or stock and you'll probably see the most volatility and the biggest opportunity for profit during the first Hour of the stock market's opening.
The popular thinking and conventional wisdom is that you should wait about an hour before you start trading.
But if you do, you'll miss the big, fast moves that stocks make as all the amateurs let their emotions out through their online accounts, usually right after they read some news headline or hear Maria Bartiromo go off about a stock on CNBC.
It's easy to see why trading the open is the market's prime time for profiting from other online traders.
The market's open is very volatile - that is the perfect environment for LARGE, FAST profits.
Learn to trade as a professional Market Maker, not as an emotionally driven amateur trader or investor with few thousand dollars in an account at Etrade.
There isn't any other time during the day or any stock you can invest in, that can make you 1, 2, 3, 5, 7 or more points in minutes OTHER than during the first hour the stock market is open, that means: if you are buying or selling short a 1000 shares per transaction, you´ll make $1000,$2000,$3000,$5000 or $7000 Usd "IN MINUTES !!!" not in a day, not in a week, not in a month or in a year, in less than 60 minutes... That's why I love trading the open so much.
I trade only when I have an edge and that means "only the first hour the market is open".
If you are a beginning trader, you can give yourself an unfair advantage in the market trading this way.
I can carry on for hours on how to make money trading online, but if you ask me:
"What is your best advise?
I will say:
Give yourself a BIG favor and go to this "Top Secret" site and learn how to get by yourself the BEST stocks that will make the largest and fastest day trading profits you´ve ever seen.
www.onehourtrading.com
After you review this site you won´t need any system, strategy, book, software, guru or mentor to tell you what to do, you will be able to profit HUGE every day.
Besides, you´ll learn:
⢠The right amount of money to start tradingâ¦
⢠The best Online broker out thereâ¦
⢠Learn how to enter and exit a trade in seconds making Huge profitsâ¦
⢠Make more money than most day traders simply by trading one hour a day!!!
⢠How to reduce stress, limit risk and stay disciplined like a Pro.
⢠The 4 basic rules you should know, that every successful trader know, and amateurs don´t even imagine.
⢠How to trade against the amateurs and avoid like the plague doing it against the professionals , and why this will put you ONE STEP AHEAD of all traders.
⢠What causes more devastating trading loses than any other factor... and... How to avoid this pitfall! (Even savvy traders often fall victim to this! )
⢠Not to spend most of your day in front of a computer dealing with complex charts, software or technical analysis.
⢠Learn how to read the market´s open to make a huge profit just a few minutes after the opening bell.
All this and a lot moreâ¦
Good luck and good trading,
John Fontaine
I´ve been investing for more than 20 years and trading for almost 14, and I can tell you that if you want to make BIG and FAST profits, I recommend you trading rather than investing, trading can help you to go from rags to rich.
If you are investing, you must have already achieved some degree of financial success, long term stock investing and FOREX can help you to diversify your money and become much richer than you are today.
My experiences as a Nasdaq Market Maker, Head trader of several brokerage firms, and currently as a professional trader and private hedge fund manager, I can suggest you that:
We trade because we want quick, short term profits on a consistent basis. We want to cash flow the market. Milk it like a cow.
Make consistent, small, short term gains rather than trying to hit a home run on every trade. Don't ever forget that.
Don't marry a stock, marry the idea of making money trading stocks. That's the only way to do it.
For me "All stocks are equally worthlessâ
I don't hold on to any illusion that the stock market will continue to go up and provide a nice retirement for me.
I could care less which way the market goes. It's irrelevant to me if the market goes higher, crashes or moves sideways for the next 50 years. I really could care less. Stocks are just four letters with two prices next to them that I use to make a living trading.
Trade ONLY when you have a clear, easy and identifiable advantage, because without a CLEAR EDGE your odds of success are NO better than a flip of a coin⦠That´s why so many new traders (and investors) lose money.
Take a look at any daily chart of any index or stock and you'll probably see the most volatility and the biggest opportunity for profit during the first Hour of the stock market's opening.
The popular thinking and conventional wisdom is that you should wait about an hour before you start trading.
But if you do, you'll miss the big, fast moves that stocks make as all the amateurs let their emotions out through their online accounts, usually right after they read some news headline or hear Maria Bartiromo go off about a stock on CNBC.
It's easy to see why trading the open is the market's prime time for profiting from other online traders.
The market's open is very volatile - that is the perfect environment for LARGE, FAST profits.
Learn to trade as a professional Market Maker, not as an emotionally driven amateur trader or investor with few thousand dollars in an account at Etrade.
There isn't any other time during the day or any stock you can invest in, that can make you 1, 2, 3, 5, 7 or more points in minutes OTHER than during the first hour the stock market is open, that means: if you are buying or selling short a 1000 shares per transaction, you´ll make $1000,$2000,$3000,$5000 or $7000 Usd "IN MINUTES !!!" not in a day, not in a week, not in a month or in a year, in less than 60 minutes... That's why I love trading the open so much.
I trade only when I have an edge and that means "only the first hour the market is open".
If you are a beginning trader, you can give yourself an unfair advantage in the market trading this way.
I can carry on for hours on how to make money trading online, but if you ask me:
"What is your best advise?
I will say:
Give yourself a BIG favor and go to this "Top Secret" site and learn how to get by yourself the BEST stocks that will make the largest and fastest day trading profits you´ve ever seen.
www.onehourtrading.com
After you review this site you won´t need any system, strategy, book, software, guru or mentor to tell you what to do, you will be able to profit HUGE every day.
Besides, you´ll learn:
⢠The right amount of money to start tradingâ¦
⢠The best Online broker out thereâ¦
⢠Learn how to enter and exit a trade in seconds making Huge profitsâ¦
⢠Make more money than most day traders simply by trading one hour a day!!!
⢠How to reduce stress, limit risk and stay disciplined like a Pro.
⢠The 4 basic rules you should know, that every successful trader know, and amateurs don´t even imagine.
⢠How to trade against the amateurs and avoid like the plague doing it against the professionals , and why this will put you ONE STEP AHEAD of all traders.
⢠What causes more devastating trading loses than any other factor... and... How to avoid this pitfall! (Even savvy traders often fall victim to this! )
⢠Not to spend most of your day in front of a computer dealing with complex charts, software or technical analysis.
⢠Learn how to read the market´s open to make a huge profit just a few minutes after the opening bell.
All this and a lot moreâ¦
Good luck and good trading,
John Fontaine
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How do I make money online in Nigeria?
Posted by Ryanita
on , under
forex web design
|
comments (0)
doublexsel
I am in Nigeria and growing in love with the internet. I have been thinking perhaps it is also possible to find an online business to do even in Nigeria.
Answer
Well there are many ways to make money online and you could learn more about it here
http://www.multidox.net/blog/2/messages/42.html
Here are examples of how to make money online:
- Blogging with Google Adsense
- Online Forums
- Offering Web designing
- Offering Web hosting
- Domain registration services (eg Enom)
- Writing (eg on Hubpages)
- Photography website (like Corbis.com)
- Online Forex trading (Highly profitable + Highly risky)
Well there are many ways to make money online and you could learn more about it here
http://www.multidox.net/blog/2/messages/42.html
Here are examples of how to make money online:
- Blogging with Google Adsense
- Online Forums
- Offering Web designing
- Offering Web hosting
- Domain registration services (eg Enom)
- Writing (eg on Hubpages)
- Photography website (like Corbis.com)
- Online Forex trading (Highly profitable + Highly risky)
Does Etoro Really Work?
Kin
Does it really train you? If you have used it I would like to know what you have to say about etoro.
Answer
Why forex has proven to be so popular? There are quite a few reasons, as to why Forex trading has gotten so wildly popular over the years. It all comes down to one very simple answer, and we all know what that is: People can egest a fortune from Forex trading. Ok now! You're probably wondering why aren't more people joining if it is so profitable? Well, it is not necessarily easy to succeed at forex trading. This is why Etoro is such a helpful platform. It can make it a lot easier to succeed at the realm of forex.
One of the best things about eToro is that, it has made forex trading more simple and user friendly to its users. Choosing a good broker will make things easy for you. Besides, you don't want to waist more time figuring out how to set up a simple trade, than analyzing the market or making decisions, on what you should be trading next. Using a ground breaking interface, the eToro platform puts all the forex tools your heart desires right at your fingertips. At eToro, traders actually enjoy trading, and get quick help, whenever in need of assistance. At etoro, you will not only find some great forex trading tools, but you also get live forex news, forex financial calendars, but best of all you can trade using your demo account with live forex rates, until you feel comfortable to trade with live money, in order to test out trading arenas. Most of the other brokers let you trade using a demo account for a certain amount of time, usually 30 days max . EToro also combines forex trading with a web 2.0 community centered approach. EToro have created a thriving forex community around public and private chats and forums, that enables you to discuss forex with peers from around the globe, and you can even monitor the most popular pairs traded by eToroâs top 100 ranked traders, and utilize their experience to your advantage !
EToro is a forex broker system that has been particularly designed to facilitate those that would be new at the process of trading. Indeed, the system was built to assure beginners the ease of performing successfully. Despite not possessing a strong education in currency trading, one can walk away a winner. Of course it is no easy work predicting the forex market movements, nonetheless eToro can make the whole process a lot less stressful. That allows people to develop their skills at trading from a helpful platform that allows them to become experienced. Consequently, more successful trades will be generated down the road. This completely reverses the odds of not making successful trades. How easier can eToro make it for its user? This was made possible with the use of a very novel training system. It looks as if the whole process of trading turned into a game. It is almost a guarrantee you will have a fruitful and enjoyable experience.
Most of all, this system is very interesting. A lot of times, many get exhausted from learning the ins and outs of forex trading and give up. When you undertake something boring or perhaps difficult, it becomes hard to stick to it. This is true even when the rewards might be quite valuable. The eToro trading system will provide the excitment needed to keep going.
Is it fair to say that only beginners can take advantage of such a platform? Actually, this system can also be shifted into an expert mode for those that might have a strong background in the forex realm. It is only fair that those with a long history in forex trading can also come along and acquire more skills. With much training, those that start as novices will eventually move up to the next level. Surely, anyone at any level can explore the features and benefits of the system.
Even if you are only looking into forex trading, eToro is definitily one of the platforms to research. If you are concerned about generating revenues, there shouldn't be any doubt present with this system.
Why forex has proven to be so popular? There are quite a few reasons, as to why Forex trading has gotten so wildly popular over the years. It all comes down to one very simple answer, and we all know what that is: People can egest a fortune from Forex trading. Ok now! You're probably wondering why aren't more people joining if it is so profitable? Well, it is not necessarily easy to succeed at forex trading. This is why Etoro is such a helpful platform. It can make it a lot easier to succeed at the realm of forex.
One of the best things about eToro is that, it has made forex trading more simple and user friendly to its users. Choosing a good broker will make things easy for you. Besides, you don't want to waist more time figuring out how to set up a simple trade, than analyzing the market or making decisions, on what you should be trading next. Using a ground breaking interface, the eToro platform puts all the forex tools your heart desires right at your fingertips. At eToro, traders actually enjoy trading, and get quick help, whenever in need of assistance. At etoro, you will not only find some great forex trading tools, but you also get live forex news, forex financial calendars, but best of all you can trade using your demo account with live forex rates, until you feel comfortable to trade with live money, in order to test out trading arenas. Most of the other brokers let you trade using a demo account for a certain amount of time, usually 30 days max . EToro also combines forex trading with a web 2.0 community centered approach. EToro have created a thriving forex community around public and private chats and forums, that enables you to discuss forex with peers from around the globe, and you can even monitor the most popular pairs traded by eToroâs top 100 ranked traders, and utilize their experience to your advantage !
EToro is a forex broker system that has been particularly designed to facilitate those that would be new at the process of trading. Indeed, the system was built to assure beginners the ease of performing successfully. Despite not possessing a strong education in currency trading, one can walk away a winner. Of course it is no easy work predicting the forex market movements, nonetheless eToro can make the whole process a lot less stressful. That allows people to develop their skills at trading from a helpful platform that allows them to become experienced. Consequently, more successful trades will be generated down the road. This completely reverses the odds of not making successful trades. How easier can eToro make it for its user? This was made possible with the use of a very novel training system. It looks as if the whole process of trading turned into a game. It is almost a guarrantee you will have a fruitful and enjoyable experience.
Most of all, this system is very interesting. A lot of times, many get exhausted from learning the ins and outs of forex trading and give up. When you undertake something boring or perhaps difficult, it becomes hard to stick to it. This is true even when the rewards might be quite valuable. The eToro trading system will provide the excitment needed to keep going.
Is it fair to say that only beginners can take advantage of such a platform? Actually, this system can also be shifted into an expert mode for those that might have a strong background in the forex realm. It is only fair that those with a long history in forex trading can also come along and acquire more skills. With much training, those that start as novices will eventually move up to the next level. Surely, anyone at any level can explore the features and benefits of the system.
Even if you are only looking into forex trading, eToro is definitily one of the platforms to research. If you are concerned about generating revenues, there shouldn't be any doubt present with this system.
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Forex info & forecast! help!?
Posted by Ryanita
on
Monday, February 17, 2014
, under
forex forecast
|
comments (0)
somebody
I started trading forecast about 2-3 weeks ago.
I have been doing good so far, I picked up on it naturally & have made about +300 pips.
I have been scalping/day trading for the most part, staring at the screen & making those decisions.
My question{s} is this:
I want to learn how to use all the tools/graphs, any recommended courses/sites/etc?
& I have picked up on playing off of forecast, what are some recommended forecast sites/people?
& What are the best sites/news for latest updates & forex news, etc.?
Thanks
Answer
Use Technical Analysis in your forex trading decision.
With candlestick charting techniques, early signal of trend reversal is clearly revealed which you will not find it in traditional bar charting techniques.
70 Japanese candlestick charting patterns are featured in this website that provides a better understanding of each individual candlestick patterns with detailed explanation.
Use Technical Analysis in your forex trading decision.
With candlestick charting techniques, early signal of trend reversal is clearly revealed which you will not find it in traditional bar charting techniques.
70 Japanese candlestick charting patterns are featured in this website that provides a better understanding of each individual candlestick patterns with detailed explanation.
where i can get free forex daily forecast?
Samsul
Answer
Hi there,
These are some sources i use for getting forex updates and Daily FX analysis:
http://forextradingguru.blogspot.com/
http://forexmoneymaker.blog.com/
http://www.finexo.com/marketReview
Also sites like actionforex.com and fxstreet.com are also quite good.
Cheers
Hi there,
These are some sources i use for getting forex updates and Daily FX analysis:
http://forextradingguru.blogspot.com/
http://forexmoneymaker.blog.com/
http://www.finexo.com/marketReview
Also sites like actionforex.com and fxstreet.com are also quite good.
Cheers
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Is online forex trading permitted in india?
Posted by Ryanita
on , under
forex online trading
|
comments (0)
crazysan
I want to know whether online forex trading is permitted in india.
and what are the related laws or rules? In which firms we can trade ? International or only Indian firms.
Answer
Forex Trading is absolutely allowed in India. There are no platforms that you are restricted to. The toughest choice you will have to make is whether or not to use a broker or save yourself the money and do it yourself. Doing it yourself can be very time consuming but there is a compnay that I know of that allows you to do it yourself and it only take 15-20 minutes per week to manage it. Check out http://wiseforexinvestor.com for more infromation about this company. They give you a free 15 day trial so that you can test it out and make sure it is what you are looking for. I have been using it for a while now and absolutely love it. I wouldn't trade any other way. If you have any questions please do not hesitate to call or email.
Rex White
503-922-1475
www.rexwhite@wiseforexinvestor.com
Forex Trading is absolutely allowed in India. There are no platforms that you are restricted to. The toughest choice you will have to make is whether or not to use a broker or save yourself the money and do it yourself. Doing it yourself can be very time consuming but there is a compnay that I know of that allows you to do it yourself and it only take 15-20 minutes per week to manage it. Check out http://wiseforexinvestor.com for more infromation about this company. They give you a free 15 day trial so that you can test it out and make sure it is what you are looking for. I have been using it for a while now and absolutely love it. I wouldn't trade any other way. If you have any questions please do not hesitate to call or email.
Rex White
503-922-1475
www.rexwhite@wiseforexinvestor.com
i wish to know more about online Forex trading.?
dicky
somebody tell me which ten best Forex trading companies i should consult.
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.
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.
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How to trade in stocks or Gold?
Posted by Ryanita
on
Sunday, February 16, 2014
, under
forex gold
|
comments (0)
David Juni
I heard about Forex trading, but i really don't know much about it... for example, i am individual and i want to buy stocks in some companies.. Do i have the control in my stocks (like determining the time to buy or sell stocks) or it is only in the hands of the Forex company?... How about others like Gold?
Ok, let me make it clear... lets say i want to trade in stocks.. how can i do that? do i have to find a company to trade for me? but in this case, my stocks will be totally in the hand of the company.. how can i take control of my stocks (like buy or sell them) whenever i want?
Also, i also want to know if i want to sell all my stocks in specific company?
Can i do that by myself ? i mean what is the relation ship between the investor and the stocks company?
Answer
Forex trading and stock trading are completely different. Forex is gambling based on changes in geopolitics deemed likely to influence perceived currency values.
Stock trading is based o your purchase and/or subsequent selling of positions in individual companies. I trade (buy, sell or both) daily throughout the week but never bet in favor of or against currencies.
You can buy gold stocks on the stock market and Forex won't be your passport.
Len
Forex trading and stock trading are completely different. Forex is gambling based on changes in geopolitics deemed likely to influence perceived currency values.
Stock trading is based o your purchase and/or subsequent selling of positions in individual companies. I trade (buy, sell or both) daily throughout the week but never bet in favor of or against currencies.
You can buy gold stocks on the stock market and Forex won't be your passport.
Len
Relationshiop Of Gold with US dollar?
Asif F
can any one tell me is Gold has any relationship with US Dollar while we trading in forex in other words when Gold up can dollar of usd decline or also up any relationship
Answer
Gold has a safe haven status. It is used to hedge against a weaker dollar. Normally when dollar gets weak gold gets stronger, infact this use to be so in older days. Gold is not really living up to its safe haven status anymore. The inverse relationship between gold and the dollar is no longer an obvious given, as there are many other highly liquid assets out there that are just as safe, and even safer than gold whose value can just be as manipulated by central banks as the dollar value. But I will tell you something - at this point in time we are on uncharted territory. The currency markets are in for some rocky times ahead. Right now, and for the last few years, golds movement correlates with the stock markets movement. And the inverse relationship between gold and dollar is fading. What I am seeing today is a weak dollar against or vs strong other markets and not just gold.
Gold has a safe haven status. It is used to hedge against a weaker dollar. Normally when dollar gets weak gold gets stronger, infact this use to be so in older days. Gold is not really living up to its safe haven status anymore. The inverse relationship between gold and the dollar is no longer an obvious given, as there are many other highly liquid assets out there that are just as safe, and even safer than gold whose value can just be as manipulated by central banks as the dollar value. But I will tell you something - at this point in time we are on uncharted territory. The currency markets are in for some rocky times ahead. Right now, and for the last few years, golds movement correlates with the stock markets movement. And the inverse relationship between gold and dollar is fading. What I am seeing today is a weak dollar against or vs strong other markets and not just gold.
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Definition of 'Forex Futures'?
Posted by Ryanita
on , under
forex 8 major pairs
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comments (0)
Answer
There are two parts to your question.
A futures contract is a contractual agreement, generally made on the trading floor of a futures exchange, to buy or sell a particular commodity or financial instrument at a pre-determined price in the future. Futures contracts detail the quality and quantity of the underlying asset; they are standardized to facilitate trading on a futures exchange.
Read more: http://www.investopedia.com/terms/f/futurescontract.asp#ixzz1hT20unzI
Use Investopedia to define your terms. "Forex" is simply the market in which currencies are traded.
There are several definitions and strategies and tutorials here:
http://www.investopedia.com/search/default.aspx?q=forex#axzz1hT16WcZJ
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.
TRADING HOURS (EST)
â¢Trades 24 hours a day, 6 days a week. The market is open from Sunday at 5pm EST to Friday at 4pm EST.
There are two parts to your question.
A futures contract is a contractual agreement, generally made on the trading floor of a futures exchange, to buy or sell a particular commodity or financial instrument at a pre-determined price in the future. Futures contracts detail the quality and quantity of the underlying asset; they are standardized to facilitate trading on a futures exchange.
Read more: http://www.investopedia.com/terms/f/futurescontract.asp#ixzz1hT20unzI
Use Investopedia to define your terms. "Forex" is simply the market in which currencies are traded.
There are several definitions and strategies and tutorials here:
http://www.investopedia.com/search/default.aspx?q=forex#axzz1hT16WcZJ
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.
TRADING HOURS (EST)
â¢Trades 24 hours a day, 6 days a week. The market is open from Sunday at 5pm EST to Friday at 4pm EST.
What significant is between asian, european, and US session in the forex market?
slash4gunn
Some people said that the Asian session always go up and the EURO session will counter by the opposite (down)... is this theory true
Answer
In Forex, there isn't any up and down like you would have in the Dow or S&P. Currencies are traded in pairs such as the NZD/USD so if the Kiwi goes up, the dollar by definition, goes down. The dollar may go up against once currency and at the same time go down against the other. This in fact happened the other day when the Bank of Japan announced a rate hike - dollar up against the Yen but down against the Aussie.
The market is open 24 hours beginning Sunday afternoon EST until close Friday afternoon. There is a good amount of overlap of hours in each market (Tokyo, Hong Kong, Singapore, London, Europe, New York, San Francisco). There are periods when there is typically more activity than others. Much of it depends on whether any economic announcements are being made that day by one country or another. Quite often, things are a bit slow from about 8:00pm EST until around midnight. At that time, people in the eastern parts of Europe are getting up and becoming active. One currency pair may be very active during European daylight hour and slow later on and vice versa.
If you are considering trading Forex, one of the things you should do is make a table that shows the number of pips each of the majors move during each hour of the day and find the average number of pips per hour for a month. Once you have a platform, it's easy enough to do using historical data although it's time consuming but you need to be aware of when movement typically occurs.
In Forex, there isn't any up and down like you would have in the Dow or S&P. Currencies are traded in pairs such as the NZD/USD so if the Kiwi goes up, the dollar by definition, goes down. The dollar may go up against once currency and at the same time go down against the other. This in fact happened the other day when the Bank of Japan announced a rate hike - dollar up against the Yen but down against the Aussie.
The market is open 24 hours beginning Sunday afternoon EST until close Friday afternoon. There is a good amount of overlap of hours in each market (Tokyo, Hong Kong, Singapore, London, Europe, New York, San Francisco). There are periods when there is typically more activity than others. Much of it depends on whether any economic announcements are being made that day by one country or another. Quite often, things are a bit slow from about 8:00pm EST until around midnight. At that time, people in the eastern parts of Europe are getting up and becoming active. One currency pair may be very active during European daylight hour and slow later on and vice versa.
If you are considering trading Forex, one of the things you should do is make a table that shows the number of pips each of the majors move during each hour of the day and find the average number of pips per hour for a month. Once you have a platform, it's easy enough to do using historical data although it's time consuming but you need to be aware of when movement typically occurs.
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