I know that most forex brokers let you trade money in the form of lots or fractions of a lot (i.e, 0.01 lots). But in case I want to trade, just to say, $542, is there a way to do it?
I know my request can seem stupid, but I figured out a way of profiting from trading forex, and this system only works if I am allowed to trade arbitrary amounts of money.

Answer
Hi, can I say that for one trade, you are allowed to lose up to $542 per trade?

If yes, then you will need to know from your strategy, what is number of pips measured from your entry price (EP) to your stop loss (SL) price?

And if you are trading EURUSD for example, 1 pip = USD$10.

You can use this formula Lot Size = (542) / nos of pips from your EP to your SL * $10

And if the trade does go against you and hit your stop loss, with the calculated lot size, you will lose up to $542 only.

Best Regards
Ah Kiat

minimum Initial investment for forex in micro account?

I want to start using forex (i have trained a lot on simulators), but now i would like to have a go at the real market. I know you can open micro accounts for as little as $50, but what do you think is the minimum amount of money you should put into your first micro account for some good training/practice, and maybe even some profit.

Answer
$50.00 is not much to start out with, even trading micro lots.
It can be done, if you dont make the slightest mistake.
Trade 0.01 lots on a micro. Will only be pennies that you win and lose, but it's a start.

I need some help with reviewing brokers, educational sites and if there are advisors, services or systems that work.

Answer
Just have a look at this unbiased review.

Forex Broker Reviews and Comparisons:
http://online-fx-trading.net/forex-reviews

Where I will find forex currency trading rules?

Answer
When you open an account with a forex broker, they will provide all of the rules that apply to you, and you will have to agree to these rules before you can trade.

Compare Forex Brokers
http://www.goforex.net/forex-broker-comparison.htm

http://compare-forex.com/blog/

http://www.fxmaster.net/broker.html

The rules of trading are contained in about 1,000 books, and is the best way to learn, and are mostly the same, no matter "what" you trade.

My advice on trading forex:
http://answers.yahoo.com/question/index;_ylt=AqT3VpsJyXSkmJbqt3fKci7ty6IX;_ylv=3?qid=20120503085134AAuPSy2

http://www.babypips.com/school/market_hours.html
http://news.tradingcharts.com/forex/headlines/Forex.html
http://forex-trading.bluecollarnews.com...
http://www.forex-learning.com/forex-trading-technical-analysis/forex-trading-technical-analysis

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

who is a good forex service???

I have looed at spec.xe.com and gftforex.com, each has different tools and software applications. gftforex.com looks better, but I would like a second opinion before I sign up, cheers

Answer
GTF is the better of the two. All FX brokers are bad. Your job will be to find the one that will be the best for you. Be very careful..... there are no "good ones" in this unregulated industry.

95% of all new FX traders lose their accounts in the first 90 days (or less). Take a year to learn and practice. Don't be fooled by "paper" profits. Don't be influenced by how easy it looks. If it was so easy and profitable.... everyone would be doing it.


Consider yourself warned.

Hi, my Forex trading had been haywire recently and I suffered big losses due to spikes that suddenly appeared in the opposite direction to trend. I think it was generated by news events. How can a trader protect himself from these pitfalls. My practice to have big stop losses to give more room for price fluctuation also backfired. On the other hand, small stop loses are easily triggered, what should I do?

Answer
Well, first of all you should always consult in advance the news calendar and be aware of any incoming major news.

Second, before major economic news releases, stay out of the market. Wait for the market to digest the news and make its mind. Here, be aware of a usual phenomenon called "the knee jerk reaction", a fake move in one direction, followed by the real move. Sometimes the news is so obvious that there is no knee jerk reaction, but the straight move. In any case, you can enter the market and capitalize on the newly formed trend only after it becomes obvious.

Third, big stop losses are not a good idea unless your lots are very small, which is not a very bright idea either. Find some middle groud and use primarily technical analysis plus the risk-reward ratio to calculate your stop loss limits.

Stock vs Forex for trading? Pros/Cons?

Can you get rich with forex trading like you can with trading shares?
What is better?

I am thinking that forex is better because the market is opened pretty much anytime thus I would be able to keep a day job and trade too. Forex trading does not seem like there is much to it, as in... the news does not effect it does it? Like for companies once a company releases something publicly then the market gets effected. Is forex like that too?

I am completely new to Forex and just found out about it yesterday... Is forex trading just based off of pattern analysis?

Answer
First things first, you are new to Forex trading and at first you say it appears to you that there is not much to it. This opinion is normal for people new to Forex but when you get experience you will soon realize just how much you don't know and it is lifetime learning material. Trading Forex is also very hard and high risk so don't be under any disillusion; however the potential to make more money fast exists as does the potential to lose.

Stocks are much lower risk in contrast and of course will be less profitable but returns are safer, more secure and consistent... but this is relative.

Contrary to your initial thoughts the news does affect the Forex market a lot and that is why there is an economic calendar of scheduled news on all major Forex news sites. Forex is trading with leverage and because of that profits and losses are magnified sometimes by 400x or more, which means you can lose your initial deposit or make a lot of money within the day, if you are careless.

To trade Forex successfully you need to learn how to interpret the economic news, understand technical analysis and develop your own psychology to handle the market with real money. It is possible to become consistently profitable but you need a lot of experience and the right attitude.

Since it is a zero sum game those making money in Forex have to be much better than the average trader, and they have to have the right tools to beat the average trader (which includes having more funds). It also helps to be with a good STP/ECN broker that does not interfere with trades.

Here are some good websites that can help:
http://www.forexfactory.com/ - Biggest Forex website, forum, news, economic calendar
http://www.babypips.com/ - Forex educational website
http://www.investopedia.com/ - Finance educational website
http://www.investing.com/ - Forex, CFDs, Binary Options, Stocks news and information portal
http://www.xglobalmarkets.com/ - ECN-STP broker

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

Answer
Hi bob,

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

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

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

To Your Trading Success,

Thomas

I want a expert advisor program for forex for 15 mn chart?

can any one help me to find expert advisor for meta trading in forex trading that for setup upon parabolic sar for the 15mn chart ,
!)15mn chart setup and to confirm there is no current trade running
2)buy while up on parabolic sar's second dot showed bottom of the chart
3)sell while up on parabolic sar's second dot showed top of the chart
4)close the trade up on opposite movement and appearance of parabolic sar and execute other trade for that movement

Answer
I myself use forex tracer and satisfied with it so much, you can read more about it at :
http://www.ForexTracers.com

or read the review at:
http://the-forex-tracer-review.blogspot.com

Best Wishes,

Answer
Forex Trading Online
http://www.forexyard.com

Forex Trading Online
http://www.forextrading.com

what happen in the news today?

Q.

Answer
Reuters World News Highlights
http://www.forexyard.com/en/news/Reuters-World-News-Highlights-at-2255-GMT-Apr-02-2010-04-02T225502Z

Hi All,
I want to know that How exactly Forex Trading works. A search about all the times but confused and want to solve my confusion before start of this business. I has following queries if you can solve it then it will be your great kind help for me.
1- How exactly forex trading works? I have installed software with demo account.
2- From software When I can buy and when I can sell? From where I can get information that this is for sale and How much I am getting/
3- How can I sell? How can I buy?
4- How I will get money or How and were I can deposit money?

I am from UAE want to work from office. I am an employee so Is it good for me.


I am waiting for your replies and valuable information.

Thanks in Advance

Answer
1- How exactly forex trading works? I have installed software with demo account.

Forex is the foreign stock exchange. If you've downloaded the official software from forex.com, live support personnel can help you, but it isn't something you learn overnight. You should try to find some good books at your library or on amazon that explain forex, and how to get started.

2- From software When I can buy and when I can sell? From where I can get information that this is for sale and How much I am getting/

You can use the official forex software. Instead of selecting "Practice", when you login, you would select "Live", and you would be trading on the real market.

3- How can I sell? How can I buy?

Again, you should get a book introducing you to forex. Buying and selling is as simple as clicking Buy or Sell, but if you don't know what you're buying, it's pointless.

4- How I will get money or How and were I can deposit money?

I believe forex uses your bank account to withdrawl and deposit however much money you chose.

which forex trading software provide real time trading volume?

Does any forex trading software or broker's trading platform provide real time volume?

Answer
check it out from this site. their innovative "no software download" technology means you can trade in real-time online. you simply login to your account and trade anytime, from anywhere. and they keep you up-to-date with the market with live real-time quotes and live data feeds from Reuters. they use the latest and most sophisticated and advanced technologies in order to offer you up-to-the-second quotes. you may check your accounts and positions in real time, 24 hours a day, and make a deal based on real-time information. all the best.