What is a good VPS for Forex Trading?
Posted by Ryanita
on
Saturday, April 5, 2014
, under
forex vps
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comments (0)
Darius
Answer
The best VPS hosting company for forex trading is 3-Essentials. I've been using them to host all of my EA's (expert advisors) for over 2 years now, and I've never experienced any downtime.
The best VPS hosting company for forex trading is 3-Essentials. I've been using them to host all of my EA's (expert advisors) for over 2 years now, and I've never experienced any downtime.
Is 3 essentials vps good for forex trading?
Darius
Answer
Yes. It's the best vps hosting company for forex trading.
Yes. It's the best vps hosting company for forex trading.
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Forex vs Stock market?
Posted by Ryanita
on
Friday, April 4, 2014
, under
forex vs stocks
|
comments (0)
Damaro
As a trader, where is it "easiest" to become a millionaire?
At Forex trading or by trading Stocks at the market?
*What is the big difference between them both?
Answer
Forex is a "zero-sum" proposition...the only way for one Forex trader to make a profit is for another Forex trader to make a loss...
Stock trading allows for any (or even all) holders of a particular stock to make a profit, so long as the underlying company remains in business.
It is easy to become a millionaire buying (and holding) quality stocks...
Forex is a "zero-sum" proposition...the only way for one Forex trader to make a profit is for another Forex trader to make a loss...
Stock trading allows for any (or even all) holders of a particular stock to make a profit, so long as the underlying company remains in business.
It is easy to become a millionaire buying (and holding) quality stocks...
Forex vs Stocks??????
seeking kn
I would like to compare both based on ROI, efforts involved, risk factor and learning curve.
Those who have done both, please share your experience and let us know which is worth putting efforts as a newbie on both.
Answer
Forex:
Better ROI than Stocks
Efforts: More than Stocks
Risk: Equal if managed smartly otherwise riskier
Learning Curve: Almost same
Forex:
Better ROI than Stocks
Efforts: More than Stocks
Risk: Equal if managed smartly otherwise riskier
Learning Curve: Almost same
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Does anyone know panamoney.net?
Posted by Ryanita
on , under
forex broker inc
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comments (0)
Green
I'm quite new to online investing and I stumbled upon panamoney.net. After reviewing their investment plans I have invested a few hundreds of $. The profits have been good and high; I make an average of 1% daily on my principle.
Recently, I have read a whole lot about panamoney.net being a scam. Please I want to ask if anyone has had any form of physical contact with the company in Panama City, or does anyone know the people behind the company. Again, is it possible to make sure high profit in forex business, as I'm not a professional in that field.
Thanks in anticipating of your answers.
Answer
Whois Record
Registrant:
Panamoney Technologies, Inc.
Banking District, 50th Street,
Global Plaza Tower, 19th Floor, Suite H
Panama City n/a
Panama
Domain Name: PANAMONEY.NET
Created on: 23-Apr-08
Expires on: 24-Apr-18
Last Updated on: 21-Sep-08
Administrative Contact:
Montero, Fernando
Panamoney Technologies, Inc.
Banking District, 50th Street,
Global Plaza Tower, 19th Floor, Suite H
Panama City n/a
Panama
2021597 Fax --
There are a lot more reputable forex broker out there. Try search for it.
Whois Record
Registrant:
Panamoney Technologies, Inc.
Banking District, 50th Street,
Global Plaza Tower, 19th Floor, Suite H
Panama City n/a
Panama
Domain Name: PANAMONEY.NET
Created on: 23-Apr-08
Expires on: 24-Apr-18
Last Updated on: 21-Sep-08
Administrative Contact:
Montero, Fernando
Panamoney Technologies, Inc.
Banking District, 50th Street,
Global Plaza Tower, 19th Floor, Suite H
Panama City n/a
Panama
2021597 Fax --
There are a lot more reputable forex broker out there. Try search for it.
How can you tell if a stock is a forex?
Daniel
i've been looking at a specific stock:
Portage Resources Inc POTG:OTCQB - PINK OTC MARKETS INC
how do i tell if its traded as a foreign exchange or over the U.S.?
the reason i wnat to know is because my broker charges $50 extra if the stock is :"Trades placed on the U.S. over-the-counter market"
will i be charged $50 extra for selling this stock?
Answer
Pink sheets is Over the counter US exchange...although some brokerages charge extra for that too.
It is extremely unwise to invest in such things. 97% of everything trading OTC is garbage and 99.999% of everything trading there for less than $1 is.
Pink sheets is Over the counter US exchange...although some brokerages charge extra for that too.
It is extremely unwise to invest in such things. 97% of everything trading OTC is garbage and 99.999% of everything trading there for less than $1 is.
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What is Best Forex Indicator?
Posted by Ryanita
on , under
forex indicators
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comments (0)
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!
what do numbers on the forex indicators mean ?
Tan
for example 3% ? what it means 3% growth ? 3% imapct 3% increase ?
Answer
Every forex indicator calculating price movment, some indicators shows in %, numbers etc.
Every forex indicator calculating price movment, some indicators shows in %, numbers etc.
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how to trade exotic fx?
Posted by Ryanita
on
Thursday, April 3, 2014
, under
forex zar
|
comments (0)
Olive
Answer
You'd have to find a forex dealer that carries the exotic currency/currencies you have in mind. MigFX carries a number of exotics (www.migfx.com). What you have to be concerned with is the PIP spread. For example, on the EUR/USD pair, the PIP spread is 3.5. But on the exotics, the PIP spread can be quite high. On the NZD/SEK (N Zealand Dollar/Swedish Krona), there is a 75 PIP spread and on the USD/ZAR (Dollar/S African Rand) there is a 150 PIP spread, these were taken from MigFX.
You'd have to find a forex dealer that carries the exotic currency/currencies you have in mind. MigFX carries a number of exotics (www.migfx.com). What you have to be concerned with is the PIP spread. For example, on the EUR/USD pair, the PIP spread is 3.5. But on the exotics, the PIP spread can be quite high. On the NZD/SEK (N Zealand Dollar/Swedish Krona), there is a 75 PIP spread and on the USD/ZAR (Dollar/S African Rand) there is a 150 PIP spread, these were taken from MigFX.
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spot forex and futures? whats the benefit? futures brokers are much cheaper?
Posted by Ryanita
on , under
forex vs 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.
oil vs forex????????
Mi R
Which one is easier to predict and which one is more volatile?
Does anybody know which broker offers online oil trade?Also do oil brokers offer leverage like in forex?
Answer
Most all futures brokers can help you with oil, depending on WHICH oil you want to trade. Most liquid is light crude on NYmex. Forex leverage is higher than oil, but has significant differences in how markets work.
Most all futures brokers can help you with oil, depending on WHICH oil you want to trade. Most liquid is light crude on NYmex. Forex leverage is higher than oil, but has significant differences in how markets work.
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Forex trading is Scam?
Posted by Ryanita
on , under
forex 95
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comments (0)
Khaled
Plz someone tell me "www.forex.com" is scam or real. Give me some proof is it scam or real? Or give me real reviews not fake account's reviews.
Answer
FOREX.COM is not a scam. They are one of the few legit FX brokers out there. Others include GFT, InterbankFX and FXCM.
All Forex brokers are poor or worse..... so the ones I've mentioned (above) are simply the least bad. The biggest thing you want to be careful of is the illusion that Forex Trading can be easy. It's not. Most people fail within a few short months. 95% fail after 12 months. Learning Forex Trading can easily take 3-5 years before becoming profitable (consistently). That means (if you're day trading Forex) that you're losing perhaps 50% - 60% of your trades. It's your risk/reward ratio that makes you money. The whole key to this is risk management.
You should try day trading stocks first... only because it's a bit easier. Ultimately the success ratio is almost as bad as FX.
Read a lot of books on trading and FX trading. Don't just jump in & try it. Don't use the results of paper trading to mean anything.
FOREX.COM is not a scam. They are one of the few legit FX brokers out there. Others include GFT, InterbankFX and FXCM.
All Forex brokers are poor or worse..... so the ones I've mentioned (above) are simply the least bad. The biggest thing you want to be careful of is the illusion that Forex Trading can be easy. It's not. Most people fail within a few short months. 95% fail after 12 months. Learning Forex Trading can easily take 3-5 years before becoming profitable (consistently). That means (if you're day trading Forex) that you're losing perhaps 50% - 60% of your trades. It's your risk/reward ratio that makes you money. The whole key to this is risk management.
You should try day trading stocks first... only because it's a bit easier. Ultimately the success ratio is almost as bad as FX.
Read a lot of books on trading and FX trading. Don't just jump in & try it. Don't use the results of paper trading to mean anything.
Why people loose in Forex Trading?
Stuart
I just want to know the key factors due to which 95% of traders loose their money in forex trading.
Answer
The majority of people loss money Forex trading for a few different core reasons.
Most people tend to buy tops and sell bottoms after the move has occurred because of the human nature of fear and greed. People are trading from their emotions.
Secondly most people trading Forex loss money because they are over leveraged. With some brokers offering up to 400:1 leverage it is attractive to think you can make a lot of money with just a little money. Again we see the theme of greed playing out. Very little leverage is need to make good consistent profits.
Lastly, most people begin trading live accounts without the proper experience. They read about the Forex markets and think this is the answer they have been looking for. They have no idea of the amount of hard work and skill involved the markets attract some of the brightest minds from around the world.
It's like thinking you could become a professional athlete after a little practice!
The majority of people loss money Forex trading for a few different core reasons.
Most people tend to buy tops and sell bottoms after the move has occurred because of the human nature of fear and greed. People are trading from their emotions.
Secondly most people trading Forex loss money because they are over leveraged. With some brokers offering up to 400:1 leverage it is attractive to think you can make a lot of money with just a little money. Again we see the theme of greed playing out. Very little leverage is need to make good consistent profits.
Lastly, most people begin trading live accounts without the proper experience. They read about the Forex markets and think this is the answer they have been looking for. They have no idea of the amount of hard work and skill involved the markets attract some of the brightest minds from around the world.
It's like thinking you could become a professional athlete after a little practice!
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Does anyone know how trustworthy and reliable FXPro online Forex Trader?
Posted by Ryanita
on
Wednesday, April 2, 2014
, under
forex xau
|
comments (0)
CinLung
I just opened an account with FXPro and some market reviewer said that it is a bad practice since we are entrusting our money with no collateral or items at hand. I am learning to trade gold now. So far OK, but I am just afraid that one day they will just vanish with my money? I have had some bad experience with investment company (not forex though) who promised a 2% return per month. They took my saving money. I am just afraid that I will get the same experience with FX Pro.
Any comment is appreciated.
Thanks
Answer
if you are looking for a trusted, reliable forex site, you may check your options in this site. being one of the leaders in forex trading, this site is truly legitimate. you can search the web to confirm this claim.
One good feature of this site is they provide a personal Account Service Manager with whom you can talk live via phone, email or chat and is actually an expert in the field of forex trading to be your mentor, adviser, and trading partner and will trade with you until you become familiar with the system.
they also enable their clients to perform DAY-TRADING in gold and silver rates against the US dollar. the gold symbol is XAU, the silver symbol is XAG. the price of gold refers to its price per ounce in USD. similarly, the price of silver as well refers to its price per ounce in USD. good luck.
if you are looking for a trusted, reliable forex site, you may check your options in this site. being one of the leaders in forex trading, this site is truly legitimate. you can search the web to confirm this claim.
One good feature of this site is they provide a personal Account Service Manager with whom you can talk live via phone, email or chat and is actually an expert in the field of forex trading to be your mentor, adviser, and trading partner and will trade with you until you become familiar with the system.
they also enable their clients to perform DAY-TRADING in gold and silver rates against the US dollar. the gold symbol is XAU, the silver symbol is XAG. the price of gold refers to its price per ounce in USD. similarly, the price of silver as well refers to its price per ounce in USD. good luck.
$600 Gold?
Benjamin F
My much gold can I buy for $600? How much would gold need to be for me to make $100 - double in profit??? Serious replies only and thanks in advance for all who answer. Remember best answer is 10 points.
Please include details and exact figures.
Answer
It depends how much you want to risk.
If you want to go for 1/50 or 1/100 or 1/200.
In that case you need to see the gold in the price of 1002.
But first you have to study FOREX. There is a big risk out there.
Subscribe to my source and then check the scenario to calculate the profits in accordance with the gold price (XAU-USD).
It depends how much you want to risk.
If you want to go for 1/50 or 1/100 or 1/200.
In that case you need to see the gold in the price of 1002.
But first you have to study FOREX. There is a big risk out there.
Subscribe to my source and then check the scenario to calculate the profits in accordance with the gold price (XAU-USD).
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How hard is it to get into investment banking?
Posted by Ryanita
on
Tuesday, April 1, 2014
, under
forex crunch
|
comments (0)
Sean B
Answer
Well impossible now as there are no such things as "investment banks"...but...I know what you are asking...so I'll answer with this:
It depends what you want to do. If you want to be involved in the actual number crunching and money making--then you need to be an attractive candidate to the firm. That would mean a strong background in math/economics/finance. I stress math because that is the basis for everything else. If you are not in college yet--look into double majoring in math and finance or math and economics.
The other thing that will really help is where you go to school. The ivy league schools stand out. But--if you can't make it into the ivy leagues--then make sure you are in a well known school. Furthermore, look into any internships with banks that deal with treasury, forex, or credit.
My last piece of advice--if you truly want to do it--and you can't get a job doing it out of college--go for your grad degree in math or economics. "Investment banking" attracts people at the top of their game. You can definately do it if you have a talent for numbers, communicating clearly, and understanding complex risk/reward relationships.
Well impossible now as there are no such things as "investment banks"...but...I know what you are asking...so I'll answer with this:
It depends what you want to do. If you want to be involved in the actual number crunching and money making--then you need to be an attractive candidate to the firm. That would mean a strong background in math/economics/finance. I stress math because that is the basis for everything else. If you are not in college yet--look into double majoring in math and finance or math and economics.
The other thing that will really help is where you go to school. The ivy league schools stand out. But--if you can't make it into the ivy leagues--then make sure you are in a well known school. Furthermore, look into any internships with banks that deal with treasury, forex, or credit.
My last piece of advice--if you truly want to do it--and you can't get a job doing it out of college--go for your grad degree in math or economics. "Investment banking" attracts people at the top of their game. You can definately do it if you have a talent for numbers, communicating clearly, and understanding complex risk/reward relationships.
How To Trade Gold Online?
Kris N
Iâm looking for some online course that can teach me how to trade gold. I have been trading stocks but I want to go into gold. I think gold is going to be a good commodity to trade in.
Answer
Being fed up with forex, I started to learn how to trade gold online and Iâm very glad I did as Iâve made some good money.
I have been using a simple but profitable trading system for a year. It has been upgraded a few months ago and now it is a very comprehensive gold trading system. There is even an option for EA automatic trading of gold but Iâve not yet tried that.
I like to trade gold as gold is largely unaffected by the credit crunch and continues to give excellent profits while other markets dried up. In fact, itâs good during bad times.
Being fed up with forex, I started to learn how to trade gold online and Iâm very glad I did as Iâve made some good money.
I have been using a simple but profitable trading system for a year. It has been upgraded a few months ago and now it is a very comprehensive gold trading system. There is even an option for EA automatic trading of gold but Iâve not yet tried that.
I like to trade gold as gold is largely unaffected by the credit crunch and continues to give excellent profits while other markets dried up. In fact, itâs good during bad times.
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where can i find forex day-trading system?
Posted by Ryanita
on , under
forex day trading
|
comments (0)
Angelica
Answer
Enough of Theoretical Forex Trading Systems That Only Work On Paper!
Finally, a time-tested Forex trading system, with DOCUMENTED PROOF, that has the potential to turn $1,000 into $1,000,000 in just 24 months.
I guarantee that what you're about to see will change your views on Forex trading forever!
http://www.americanrefinance.net/buy/money-refinancing/7-10/7-10-1/index.html
Dear Trader,
Before I even introduce you to the revolutionary, accurate and easy-to-implement 5EMAS Forex System, I want to get something out of the way... Words are nice, everyone can write about how good a system is, BUT, how many can provide actual PROOF?
Well, CLICK HERE to see how a $5,000 account grew to $38,572 in ONLY 34 weeks of LIVE trading. Yes, LIVE trading, NOT paper trading using the 5EMAs Forex System.
Not enough proof? Well, CLICK HERE to see how "Mr. X" from Norway (one of our clients) made $21,807 from LIVE trading in just 11 days using the incredibly easy-to-implement 5EMAs Forex System!
Original and Unique is what separates a successful Forex trading system from the rest of the bunch.
The 5EMAs Forex System reveals a secret method of predicting market movements, thanks to which you will understand how to potentially turn $1,000 into $1,000,000 in 24 months (or $10,000 into $1,000,000 in just 12 months).
I will teach you - step by step - how to identify amazingly accurate trades that with unique Money Management techniques, developed especially for this system, will allow to you to earn huge returns from the Forex market.
Important: This system has only recently been revealed! You will see screenshots illustrating actual trades which prove this fact.
Depending upon the exit strategy selected, the system can generate monthly returns of between 30% and 55%.
http://www.americarefinance.net/buy/employment-debt/7-10/7-10-1/index.html
Enough of Theoretical Forex Trading Systems That Only Work On Paper!
Finally, a time-tested Forex trading system, with DOCUMENTED PROOF, that has the potential to turn $1,000 into $1,000,000 in just 24 months.
I guarantee that what you're about to see will change your views on Forex trading forever!
http://www.americanrefinance.net/buy/money-refinancing/7-10/7-10-1/index.html
Dear Trader,
Before I even introduce you to the revolutionary, accurate and easy-to-implement 5EMAS Forex System, I want to get something out of the way... Words are nice, everyone can write about how good a system is, BUT, how many can provide actual PROOF?
Well, CLICK HERE to see how a $5,000 account grew to $38,572 in ONLY 34 weeks of LIVE trading. Yes, LIVE trading, NOT paper trading using the 5EMAs Forex System.
Not enough proof? Well, CLICK HERE to see how "Mr. X" from Norway (one of our clients) made $21,807 from LIVE trading in just 11 days using the incredibly easy-to-implement 5EMAs Forex System!
Original and Unique is what separates a successful Forex trading system from the rest of the bunch.
The 5EMAs Forex System reveals a secret method of predicting market movements, thanks to which you will understand how to potentially turn $1,000 into $1,000,000 in 24 months (or $10,000 into $1,000,000 in just 12 months).
I will teach you - step by step - how to identify amazingly accurate trades that with unique Money Management techniques, developed especially for this system, will allow to you to earn huge returns from the Forex market.
Important: This system has only recently been revealed! You will see screenshots illustrating actual trades which prove this fact.
Depending upon the exit strategy selected, the system can generate monthly returns of between 30% and 55%.
http://www.americarefinance.net/buy/employment-debt/7-10/7-10-1/index.html
Can you really make 1000 dollars a day with forex trading?
johny c
Answer
Yes, you can make 1000 dollars a day with forex trading. However, Forex Trading involves substantial risk of loss, and may not be suitable for everyone.
Learn Step-by-Step How To Make Money with Forex Trading:
http://online-fx-trading.net/what-is-forex
:)
Yes, you can make 1000 dollars a day with forex trading. However, Forex Trading involves substantial risk of loss, and may not be suitable for everyone.
Learn Step-by-Step How To Make Money with Forex Trading:
http://online-fx-trading.net/what-is-forex
:)
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What is Forex Trading?
Posted by Ryanita
on
Sunday, March 30, 2014
, under
forex trading basics
|
comments (0)
gaurav p
Answer
This short introduction explains the basics of trading Forex online, a brief explanation of the markets and the major benefits of trading Forex online. There are also two scenarios describing the implications of trading in a bear as well as bull market to better acquaint you with some of the risks and opportunities of the largest and most liquid market in the world.
As an additional aid for those who are new to Forex, there is also a glossary at the bottom of this text which explains some of the terms used in connection with currency trading.
Overview
Foreign exchange, forex or just FX are all terms used to describe the trading of the world's many currencies. The forex market is the largest market in the world, with trades amounting to more than USD 1.5 trillion every day. This is more than one hundred times the daily trading on the NYSE (New York Stock Exchange). Most forex trading is speculative, with only a few percent of market activity representing governments' and companies' fundamental currency conversion needs.
Unlike trading on the stock market, the forex market is not conducted by a central exchange, but on the âinterbankâ market, which is thought of as an OTC (over the counter) market. Trading takes place directly between the two counterparts necessary to make a trade, whether over the telephone or on electronic networks all over the world. The main centres for trading are Sydney, Tokyo, London, Frankfurt and New York. This worldwide distribution of trading centres means that the forex market is a 24-hour market.
Happy Holidays !
This short introduction explains the basics of trading Forex online, a brief explanation of the markets and the major benefits of trading Forex online. There are also two scenarios describing the implications of trading in a bear as well as bull market to better acquaint you with some of the risks and opportunities of the largest and most liquid market in the world.
As an additional aid for those who are new to Forex, there is also a glossary at the bottom of this text which explains some of the terms used in connection with currency trading.
Overview
Foreign exchange, forex or just FX are all terms used to describe the trading of the world's many currencies. The forex market is the largest market in the world, with trades amounting to more than USD 1.5 trillion every day. This is more than one hundred times the daily trading on the NYSE (New York Stock Exchange). Most forex trading is speculative, with only a few percent of market activity representing governments' and companies' fundamental currency conversion needs.
Unlike trading on the stock market, the forex market is not conducted by a central exchange, but on the âinterbankâ market, which is thought of as an OTC (over the counter) market. Trading takes place directly between the two counterparts necessary to make a trade, whether over the telephone or on electronic networks all over the world. The main centres for trading are Sydney, Tokyo, London, Frankfurt and New York. This worldwide distribution of trading centres means that the forex market is a 24-hour market.
Happy Holidays !
How can I learn Forex trading for free?
orbital_i
where can I find tutorials about Forex and the FXCM trading station 2?
Answer
Forex Trading Tips â Part 1
Why do hundreds of thousands online traders and investors trade the forex market every day, and how do they make money doing it?
This two-part report clearly and simply details essential tips on how to avoid typical pitfalls and start making more money in your forex trading.
1.Trade pairs, not currencies â Like any relationship, you have to know both sides. Success or failure in forex trading depends upon being right about both currencies and how they impact one another, not just one.
2.Knowledge is Power â When starting out trading forex online, it is essential that you understand the basics of this market if you want to make the most of your investments.
The main forex influencer is global news and events. For example, say an ECB statement is released on European interest rates which typically will cause a flurry of activity. Most newcomers react violently to news like this and close their positions and subsequently miss out on some of the best trading opportunities by waiting until the market calms down. The potential in the forex market is in the volatility, not in its tranquility.
3.Unambitious trading â Many new traders will place very tight orders in order to take very small profits. This is not a sustainable approach because although you may be profitable in the short run (if you are lucky), you risk losing in the longer term as you have to recover the difference between the bid and the ask price before you can make any profit and this is much more difficult when you make small trades than when you make larger ones.
4.Over-cautious trading â Like the trader who tries to take small incremental profits all the time, the trader who places tight stop losses with a retail forex broker is doomed. As we stated above, you have to give your position a fair chance to demonstrate its ability to produce. If you donât place reasonable stop losses that allow your trade to do so, you will always end up undercutting yourself and losing a small piece of your deposit with every trade.
5.Independence â If you are new to forex, you will either decide to trade your own money or to have a broker trade it for you. So far, so good. But your risk of losing increases exponentially if you either of these two things:
Interfere with what your broker is doing on your behalf (as his strategy might require a long gestation period);
Seek advice from too many sources â multiple input will only result in multiple losses. Take a position, ride with it and then analyse the outcome â by yourself, for yourself.
6.Tiny margins â Margin trading is one of the biggest advantages in trading forex as it allows you to trade amounts far larger than the total of your deposits. However, it can also be dangerous to novice traders as it can appeal to the greed factor that destroys many forex traders. The best guideline is to increase your leverage in line with your experience and success.
7.No strategy â The aim of making money is not a trading strategy. A strategy is your map for how you plan to make money. Your strategy details the approach you are going to take, which currencies you are going to trade and how you will manage your risk. Without a strategy, you may become one of the 90% of new traders that lose their money.
8.Trading Off-Peak Hours â Professional FX traders, option traders, and hedge funds posses a huge advantage over small retail traders during off-peak hours (between 2200 CET and 1000 CET) as they can hedge their positions and move them around when there is far small trade volume is going through (meaning their risk is smaller). The best advice for trading during off peak hours is simple â donât.
9.The only way is up/down â When the market is on its way up, the market is on its way up. When the market is going down, the market is going down. Thatâs it. There are many systems which analyse past trends, but none that can accurately predict the future. But if you acknowledge to yourself that all that is happening at any time is that the market is simply moving, you'll be amazed at how hard it is to blame anyone else.
10.Trade on the news â Most of the really big market moves occur around news time. Trading volume is high and the moves are significant; this means there is no better time to trade than when news is released. This is when the big players adjust their positions and prices change resulting in a serious currency flow.
11.Exiting Trades â If you place a trade and itâs not working out for you, get out. Donât compound your mistake by staying in and hoping for a reversal. If youâre in a winning trade, donât talk yourself out of the position because youâre bored or want to relieve stress; stress is a natural part of trading; get used to it.
12.Donât trade too short-term â If you are aiming to make less than 20 points profit, donât undertake the trade. The spread you are trading on will make the odds against you far too high.
13.Donât be smart â The most successful traders I know keep their trading simple. They donât analyse all day or research historical trends and track web logs and their results are excellent.
14.Tops and Bottoms â There are no real âbargainsâ in trading foreign exchange. Trade in the direction the price is going in and youâre results will be almost guaranteed to improve.
15.Ignoring the technicalsâ Understanding whether the market is over-extended long or short is a key indicator of price action. Spikes occur in the market when it is moving all one way.
16.Emotional Trading â Without that all-important strategy, youâre trades essentially are thoughts only and thoughts are emotions and a very poor foundation for trading. When most of us are upset and emotional, we donât tend to make the wisest decisions. Donât let your emotions sway you.
17.Confidence â Confidence comes from successful trading. If you lose money early in your trading career itâs very difficult to regain it; the trick is not to go off half-cocked; learn the business before you trade. Remember, knowledge is power.
Forex Trading Tips â Part 2
Why do hundreds of thousands online traders and investors trade the forex market every day, and how do they make money doing it?
The second and final part of this report clearly and simply details more essential tips on how to avoid the pitfalls and start making more money in your forex trading.
1.Take it like a man â If you decide to ride a loss, you are simply displaying stupidity and cowardice. It takes guts to accept your loss and wait for tomorrow to try again. Sticking to a bad position ruins lots of traders - permanently. Try to remember that the market often behaves illogically, so donât get commit to any one trade; itâs just a trade. One good trade will not make you a trading success; itâs ongoing regular performance over months and years that makes a good trader.
2.Focus â Fantasising about possible profits and then âspendingâ them before you have realised them is no good. Focus on your current position(s) and place reasonable stop losses at the time you do the trade. Then sit back and enjoy the ride - you have no real control from now on, the market will do what it wants to do.
3.Donât trust demos â Demo trading often causes new traders to learn bad habits. These bad habits, which can be very dangerous in the long run, come about because you are playing with virtual money. Once you know how your brokerâs system works, start trading small amounts and only take the risk you can afford to win or lose.
4.Stick to the strategy â When you make money on a well thought-out strategic trade, donât go and lose half of it next time on a fancy; stick to your strategy and invest profits on the next trade that matches your long-term goals.
5.Trade today â Most successful day traders are highly focused on whatâs happening in the short-term, not what may happen over the next month. If youâre trading with 40 to 60-point stops focus on whatâs happening today as the market will probably move too quickly to consider the long-term future. However, the long-term trends are not unimportant; they will not always help you though if youâre trading intraday.
6.The clues are in the details â The bottom line on your account balance doesnât tell the whole story. Consider individual trade details; analyse your losses and the telling losing streaks. Generally, traders that make money without suffering significant daily losses have the best chance of sustaining positive performance in the long term.
7.Simulated Results â Be very careful and wary about infamous âblack boxâ systems. These so-called trading signal systems do not often explain exactly how the trade signals they generate are produced. Typically, these systems only show their track record of extraordinary results â historical results. Successfully predicting future trade scenarios is altogether more complex. The high-speed algorithmic capabilities of these systems provide significant retrospective trading systems, not ones which will help you trade effectively in the future.
8.Get to know one cross at a time â Each currency pair is unique, and has a unique way of moving in the marketplace. The forces which cause the pair to move up and down are individual to each cross, so study them and learn from your experience and apply your learning to one cross at a time.
9.Risk Reward â If you put a 20 point stop and a 50 point profit your chances of winning are probably about 1-3 against you. In fact, given the spread youâre trading on, itâs more likely to be 1-4. Play the odds the market gives you.
10.Trading for Wrong Reasons â Donât trade if you are bored, unsure or reacting on a whim. The reason that you are bored in the first place is probably because there is no trade to make in the first place. If you are unsure, itâs probably because you canât see the trade to make, so donât make one.
11.Zen Tradingâ Even when you have taken a position in the markets, you should try and think as you would if you hadnât taken one. This level of detachment is essential if you want to retain your clarity of mind and avoid succumbing to emotional impulses and therefore increasing the likelihood of incurring losses. To achieve this, you need to cultivate a calm and relaxed outlook. Trade in brief periods of no more than a few hours at a time and accept that once the trade has been made, itâs out of your hands.
12.Determination â Once you have decided to place a trade, stick to it and let it run its course. This means that if your stop loss is close to being triggered, let it trigger. If you move your stop midway through a tradeâs life, you are more than likely to suffer worse moves against you. Your determination must be show itself when you acknowledge that you got it wrong, so get out.
13.Short-term Moving Average Crossovers â This is one of the most dangerous trade scenarios for non professional traders. When the short-term moving average crosses the longer-term moving average it only means that the average price in the short run is equal to the average price in the longer run. This is neither a bullish nor bearish indication, so donât fall into the trap of believing it is one.
14.Stochastic â Another dangerous scenario. When it first signals an exhausted condition thatâs when the big spike in the âexhaustedâ currency cross tends to occur. My advice is to buy on the first sign of an overbought cross and then sell on the first sign of an oversold one. This approach means that youâll be with the trend and have successfully identified a positive move that still has some way to go. So if percentage K and percentage D are both crossing 80, then buy! (This is the same on sell side, where you sell at 20).
15.One cross is all that counts â EURUSD seems to be trading higher, so you buy GBPUSD because it appears not to have moved yet. This is dangerous. Focus on one cross at a time â if EURUSD looks good to you, then just buy EURUSD.
16.Wrong Broker â A lot of FOREX brokers are in business only to make money from yours. Read forums, blogs and chats around the net to get an unbiased opinion before you choose your broker.
17.Too bullish â Trading statistics show that 90% of most traders will fail at some point. Being too bullish about your trading aptitude can be fatal to your long-term success. You can always learn more about trading the markets, even if you are currently successful in your trades. Stay modest, and keep your eyes open for new ideas and bad habits you might be falling in to.
18.Interpret forex news yourself â Learn to read the source documents of forex news and events - donât rely on the interpretations of news media or others.
Otherwise you can use http://www.forextrading-system.com They have all kind of explanations here and some nice free software
Forex Trading Tips â Part 1
Why do hundreds of thousands online traders and investors trade the forex market every day, and how do they make money doing it?
This two-part report clearly and simply details essential tips on how to avoid typical pitfalls and start making more money in your forex trading.
1.Trade pairs, not currencies â Like any relationship, you have to know both sides. Success or failure in forex trading depends upon being right about both currencies and how they impact one another, not just one.
2.Knowledge is Power â When starting out trading forex online, it is essential that you understand the basics of this market if you want to make the most of your investments.
The main forex influencer is global news and events. For example, say an ECB statement is released on European interest rates which typically will cause a flurry of activity. Most newcomers react violently to news like this and close their positions and subsequently miss out on some of the best trading opportunities by waiting until the market calms down. The potential in the forex market is in the volatility, not in its tranquility.
3.Unambitious trading â Many new traders will place very tight orders in order to take very small profits. This is not a sustainable approach because although you may be profitable in the short run (if you are lucky), you risk losing in the longer term as you have to recover the difference between the bid and the ask price before you can make any profit and this is much more difficult when you make small trades than when you make larger ones.
4.Over-cautious trading â Like the trader who tries to take small incremental profits all the time, the trader who places tight stop losses with a retail forex broker is doomed. As we stated above, you have to give your position a fair chance to demonstrate its ability to produce. If you donât place reasonable stop losses that allow your trade to do so, you will always end up undercutting yourself and losing a small piece of your deposit with every trade.
5.Independence â If you are new to forex, you will either decide to trade your own money or to have a broker trade it for you. So far, so good. But your risk of losing increases exponentially if you either of these two things:
Interfere with what your broker is doing on your behalf (as his strategy might require a long gestation period);
Seek advice from too many sources â multiple input will only result in multiple losses. Take a position, ride with it and then analyse the outcome â by yourself, for yourself.
6.Tiny margins â Margin trading is one of the biggest advantages in trading forex as it allows you to trade amounts far larger than the total of your deposits. However, it can also be dangerous to novice traders as it can appeal to the greed factor that destroys many forex traders. The best guideline is to increase your leverage in line with your experience and success.
7.No strategy â The aim of making money is not a trading strategy. A strategy is your map for how you plan to make money. Your strategy details the approach you are going to take, which currencies you are going to trade and how you will manage your risk. Without a strategy, you may become one of the 90% of new traders that lose their money.
8.Trading Off-Peak Hours â Professional FX traders, option traders, and hedge funds posses a huge advantage over small retail traders during off-peak hours (between 2200 CET and 1000 CET) as they can hedge their positions and move them around when there is far small trade volume is going through (meaning their risk is smaller). The best advice for trading during off peak hours is simple â donât.
9.The only way is up/down â When the market is on its way up, the market is on its way up. When the market is going down, the market is going down. Thatâs it. There are many systems which analyse past trends, but none that can accurately predict the future. But if you acknowledge to yourself that all that is happening at any time is that the market is simply moving, you'll be amazed at how hard it is to blame anyone else.
10.Trade on the news â Most of the really big market moves occur around news time. Trading volume is high and the moves are significant; this means there is no better time to trade than when news is released. This is when the big players adjust their positions and prices change resulting in a serious currency flow.
11.Exiting Trades â If you place a trade and itâs not working out for you, get out. Donât compound your mistake by staying in and hoping for a reversal. If youâre in a winning trade, donât talk yourself out of the position because youâre bored or want to relieve stress; stress is a natural part of trading; get used to it.
12.Donât trade too short-term â If you are aiming to make less than 20 points profit, donât undertake the trade. The spread you are trading on will make the odds against you far too high.
13.Donât be smart â The most successful traders I know keep their trading simple. They donât analyse all day or research historical trends and track web logs and their results are excellent.
14.Tops and Bottoms â There are no real âbargainsâ in trading foreign exchange. Trade in the direction the price is going in and youâre results will be almost guaranteed to improve.
15.Ignoring the technicalsâ Understanding whether the market is over-extended long or short is a key indicator of price action. Spikes occur in the market when it is moving all one way.
16.Emotional Trading â Without that all-important strategy, youâre trades essentially are thoughts only and thoughts are emotions and a very poor foundation for trading. When most of us are upset and emotional, we donât tend to make the wisest decisions. Donât let your emotions sway you.
17.Confidence â Confidence comes from successful trading. If you lose money early in your trading career itâs very difficult to regain it; the trick is not to go off half-cocked; learn the business before you trade. Remember, knowledge is power.
Forex Trading Tips â Part 2
Why do hundreds of thousands online traders and investors trade the forex market every day, and how do they make money doing it?
The second and final part of this report clearly and simply details more essential tips on how to avoid the pitfalls and start making more money in your forex trading.
1.Take it like a man â If you decide to ride a loss, you are simply displaying stupidity and cowardice. It takes guts to accept your loss and wait for tomorrow to try again. Sticking to a bad position ruins lots of traders - permanently. Try to remember that the market often behaves illogically, so donât get commit to any one trade; itâs just a trade. One good trade will not make you a trading success; itâs ongoing regular performance over months and years that makes a good trader.
2.Focus â Fantasising about possible profits and then âspendingâ them before you have realised them is no good. Focus on your current position(s) and place reasonable stop losses at the time you do the trade. Then sit back and enjoy the ride - you have no real control from now on, the market will do what it wants to do.
3.Donât trust demos â Demo trading often causes new traders to learn bad habits. These bad habits, which can be very dangerous in the long run, come about because you are playing with virtual money. Once you know how your brokerâs system works, start trading small amounts and only take the risk you can afford to win or lose.
4.Stick to the strategy â When you make money on a well thought-out strategic trade, donât go and lose half of it next time on a fancy; stick to your strategy and invest profits on the next trade that matches your long-term goals.
5.Trade today â Most successful day traders are highly focused on whatâs happening in the short-term, not what may happen over the next month. If youâre trading with 40 to 60-point stops focus on whatâs happening today as the market will probably move too quickly to consider the long-term future. However, the long-term trends are not unimportant; they will not always help you though if youâre trading intraday.
6.The clues are in the details â The bottom line on your account balance doesnât tell the whole story. Consider individual trade details; analyse your losses and the telling losing streaks. Generally, traders that make money without suffering significant daily losses have the best chance of sustaining positive performance in the long term.
7.Simulated Results â Be very careful and wary about infamous âblack boxâ systems. These so-called trading signal systems do not often explain exactly how the trade signals they generate are produced. Typically, these systems only show their track record of extraordinary results â historical results. Successfully predicting future trade scenarios is altogether more complex. The high-speed algorithmic capabilities of these systems provide significant retrospective trading systems, not ones which will help you trade effectively in the future.
8.Get to know one cross at a time â Each currency pair is unique, and has a unique way of moving in the marketplace. The forces which cause the pair to move up and down are individual to each cross, so study them and learn from your experience and apply your learning to one cross at a time.
9.Risk Reward â If you put a 20 point stop and a 50 point profit your chances of winning are probably about 1-3 against you. In fact, given the spread youâre trading on, itâs more likely to be 1-4. Play the odds the market gives you.
10.Trading for Wrong Reasons â Donât trade if you are bored, unsure or reacting on a whim. The reason that you are bored in the first place is probably because there is no trade to make in the first place. If you are unsure, itâs probably because you canât see the trade to make, so donât make one.
11.Zen Tradingâ Even when you have taken a position in the markets, you should try and think as you would if you hadnât taken one. This level of detachment is essential if you want to retain your clarity of mind and avoid succumbing to emotional impulses and therefore increasing the likelihood of incurring losses. To achieve this, you need to cultivate a calm and relaxed outlook. Trade in brief periods of no more than a few hours at a time and accept that once the trade has been made, itâs out of your hands.
12.Determination â Once you have decided to place a trade, stick to it and let it run its course. This means that if your stop loss is close to being triggered, let it trigger. If you move your stop midway through a tradeâs life, you are more than likely to suffer worse moves against you. Your determination must be show itself when you acknowledge that you got it wrong, so get out.
13.Short-term Moving Average Crossovers â This is one of the most dangerous trade scenarios for non professional traders. When the short-term moving average crosses the longer-term moving average it only means that the average price in the short run is equal to the average price in the longer run. This is neither a bullish nor bearish indication, so donât fall into the trap of believing it is one.
14.Stochastic â Another dangerous scenario. When it first signals an exhausted condition thatâs when the big spike in the âexhaustedâ currency cross tends to occur. My advice is to buy on the first sign of an overbought cross and then sell on the first sign of an oversold one. This approach means that youâll be with the trend and have successfully identified a positive move that still has some way to go. So if percentage K and percentage D are both crossing 80, then buy! (This is the same on sell side, where you sell at 20).
15.One cross is all that counts â EURUSD seems to be trading higher, so you buy GBPUSD because it appears not to have moved yet. This is dangerous. Focus on one cross at a time â if EURUSD looks good to you, then just buy EURUSD.
16.Wrong Broker â A lot of FOREX brokers are in business only to make money from yours. Read forums, blogs and chats around the net to get an unbiased opinion before you choose your broker.
17.Too bullish â Trading statistics show that 90% of most traders will fail at some point. Being too bullish about your trading aptitude can be fatal to your long-term success. You can always learn more about trading the markets, even if you are currently successful in your trades. Stay modest, and keep your eyes open for new ideas and bad habits you might be falling in to.
18.Interpret forex news yourself â Learn to read the source documents of forex news and events - donât rely on the interpretations of news media or others.
Otherwise you can use http://www.forextrading-system.com They have all kind of explanations here and some nice free software
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what is forex tading?
Posted by Ryanita
on , under
forex definition
|
comments (0)
Robin420
Answer
Forex trading is the buying and selling of currencies. Investopedia had a good definition (and video!) Here:
http://www.investopedia.com/terms/f/forex.asp#axzz25QAKIlz9
Forex trading is the buying and selling of currencies. Investopedia had a good definition (and video!) Here:
http://www.investopedia.com/terms/f/forex.asp#axzz25QAKIlz9
The differences between Forex and Futures?
Tin
Answer
Hypersignal is pretty confused:
a) Forex more liquid than futures
Hmm, well I am sure that the retail forex sites that he trades tells him this, but the $4T figure that he mentions is a different market than the one he is trading. That's the Interbank market that he doesn't have access to. You can trade Forex with significantly smaller spreads in futures markets than you can in retail forex markets.
b) Futures is only open 7 hours per day
No - Pit trading is only open 7 hours per day. Electronic futures markets are open almost all week beginning on Sunday afternoon and ending Friday evening. There is no pit trading in Hypersignal's forex market so it's not at all clear why he would sya futures trading is only open when there is pit trading but electronic trading doesn't count. By his definition, his forex market is never open.
c) You pay commissions trading futures contracts
Well - let's see suppose you pay $10 a rounfd turn on a Euro contract for $125,000 worth of Euros. That's a 0.008% loss. There are plenty of YA morons buying physical silver that take 25% transaction fee losses. The 0.008% loss is nothing compared to the larger spreads Hypersignal pays.
d) "Forex is the market I prefer"
I've got $1000 that says Hypersignal has never had a position in a futures contract.
Hypersignal is pretty confused:
a) Forex more liquid than futures
Hmm, well I am sure that the retail forex sites that he trades tells him this, but the $4T figure that he mentions is a different market than the one he is trading. That's the Interbank market that he doesn't have access to. You can trade Forex with significantly smaller spreads in futures markets than you can in retail forex markets.
b) Futures is only open 7 hours per day
No - Pit trading is only open 7 hours per day. Electronic futures markets are open almost all week beginning on Sunday afternoon and ending Friday evening. There is no pit trading in Hypersignal's forex market so it's not at all clear why he would sya futures trading is only open when there is pit trading but electronic trading doesn't count. By his definition, his forex market is never open.
c) You pay commissions trading futures contracts
Well - let's see suppose you pay $10 a rounfd turn on a Euro contract for $125,000 worth of Euros. That's a 0.008% loss. There are plenty of YA morons buying physical silver that take 25% transaction fee losses. The 0.008% loss is nothing compared to the larger spreads Hypersignal pays.
d) "Forex is the market I prefer"
I've got $1000 that says Hypersignal has never had a position in a futures contract.
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Is currency trading (forex) is illeagal in india?
Posted by Ryanita
on , under
forex india
|
comments (0)
sunny
Answer
no, it is not. but many indian banks do not allow the deposits in forex trading accounts. hdfc, sbi and hsbc do allow
no, it is not. but many indian banks do not allow the deposits in forex trading accounts. hdfc, sbi and hsbc do allow
FOREX Investment is not available in India Why ?
tiju_98458
I want forex investment but I am in India .. Forex investment only some countries expect India . Is true fast return amont of Forex Investment ? I visited Forex marketing website that is wonderfully . I want that Return money come back to me very fast after few days or few months . I have difficult to investing amount in Forex Investment .. I have not credit card .. What i do for Forex Investment . i will apply Reliance company for Investmet. If i invested Rs 3500 for 3 yrs , 181.6 % . after 3 yrs , Return money around rs 40000 above . if You do know it , pl explain .
Answer
Mate, be thankful that it's not available in India - because if it was, you would have 99% sure instantaneously lost every rupee. To be honest, you donât sound like an expert in investment and you say yourself that you have difficulty. Stay as far as you can from Forex at your stage.
Thereâs a reason New Delhi prohibits Forex in India, (Iâm too from India) and Forex is very bad for innocent citizens being hustled by third parties and being convinced they can earn a lot very fast. The rate of loss is massive, 93%!
If you want to go around the system set up to protect you, be my guest and apply for a virtual card and play on Forex USA or whatever â but no sympathy when you lose your hard earned money. Invest safely buddy, especially if you have a wife / kids to feed.
Mate, be thankful that it's not available in India - because if it was, you would have 99% sure instantaneously lost every rupee. To be honest, you donât sound like an expert in investment and you say yourself that you have difficulty. Stay as far as you can from Forex at your stage.
Thereâs a reason New Delhi prohibits Forex in India, (Iâm too from India) and Forex is very bad for innocent citizens being hustled by third parties and being convinced they can earn a lot very fast. The rate of loss is massive, 93%!
If you want to go around the system set up to protect you, be my guest and apply for a virtual card and play on Forex USA or whatever â but no sympathy when you lose your hard earned money. Invest safely buddy, especially if you have a wife / kids to feed.
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