What is good and cheap trading journal software for Forex?
Posted by Ryanita
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Saturday, June 7, 2014
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forex journal
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Eric
I started Forex new and read I should have journal but I saw one software very expensive, what is good and cheap? I don't like excel...
Answer
While trading in the financial market, a journal is VERY essential for you in order to keep track of your winning strategies.
Most softwares are expensive, or very useless from my experience in trading.
Finally i found this awesome tool that made my trading very easy and successful !
It's called FxLogger, very good software and will help you a lot, plus they have great customer support.
Also it's very cheap ! check it's facebook page : http://www.facebook.com/FxLogger
While trading in the financial market, a journal is VERY essential for you in order to keep track of your winning strategies.
Most softwares are expensive, or very useless from my experience in trading.
Finally i found this awesome tool that made my trading very easy and successful !
It's called FxLogger, very good software and will help you a lot, plus they have great customer support.
Also it's very cheap ! check it's facebook page : http://www.facebook.com/FxLogger
forex autopilot system?
darionjame
Im really looking for a great forex autopilot system that I can trust to make me some real money. I have been looking at a bunch of forex autopilot systems and they seem promising, but Im not sure if I can trust them or not to make me money. Are sites offering forex autopilot systems scams? or do forex autopilot systems actually work to make you alot of cash? what forex autopilot system can I depend on for making me a good buck and also being completely automated?
Answer
The Federal government warns there are a lot of Forex frauds out there, and these Forex robots appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud.
There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. For instance, you might meet a person called "Zboy227" who says "I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/Zboy227." The "/Zboy227" tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission.
There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner's luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive.
I may point out that websites that sell Forex robots admit there are a lot of scams out there. Of course they claim the other guy's robot is a scam, but their robot works. If you do a web search on the words "forex robot" and "scam" you will find a lot of sites saying their competitors are scams.
I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works.
The Federal government warns there are a lot of Forex frauds out there, and these Forex robots appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud.
There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. For instance, you might meet a person called "Zboy227" who says "I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/Zboy227." The "/Zboy227" tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission.
There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner's luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive.
I may point out that websites that sell Forex robots admit there are a lot of scams out there. Of course they claim the other guy's robot is a scam, but their robot works. If you do a web search on the words "forex robot" and "scam" you will find a lot of sites saying their competitors are scams.
I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works.
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What are the three tools of monetary policy? Which tool is most often used?
Posted by Ryanita
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forex order flow
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asdfjeez
Answer
Dear Mr Royalty,
Thank you for your question, allow me to explain. The three tools of monetary policy are minting(via the FOREX market), shrinkage (via the Bond market) and literal expansion (via interest rates). All of these tools have a variety of direct and indirect affects on a nationâs economy. However, due to time and space restraints I will only briefly summarise the central ideas.
Minting, also known as the imperial strategy, is the process of reissuing and refining the broad money flow. Derived from a technique commonly used during the Prussian Empire, of confiscating colonial capital reserves, melting them down and using them create munitions, which had a higher value than the original currency. This was utilised in a particularly aggressive manner in the Kendal region of Europe. The modernised form of method focuses on the manipulation of the foreign exchange reserves in order to expand the extra capital. This acts to lower the wealth of foreign nations, whilst increasing domestic output. The excess capital âtrickles downâ through the corporate and institutional hierarchy and solidifies in the lowest quartile. Some economists have poked holes in this technique due to the detrimental impact on other economies. However many policymakers usually justify their protectionist action under a tic-for-tac guise.
Shrinkage, a tool devised by Austrian economist Wayne Szalinski in 1989, helps to alleviate the problems associated with an overheating economy. The neo-Keynesian concept involves substantial government injections of cash inflows, via the Bond market, it has been employed by the British since 2 007 recession. Prime Minister Silvio Berlusconi also uses this in order to control the Italian job market; however the results have been widely criticised. This overspending acts to âcrowd outâ real consumer spending and decrease aggregate demand. The exact easing of inflationary pressures is usually calculated by what the Wall Street Journal refers to as a âShrinkage Matrixâ.
Finally literal expansion is the process of increasing consumer demand via interest rate manipulations. This tool hinges on popular expectation of interest rates. If, for instance, most people have great expectations of high interest rates and these are not delivered then they will spend more, rather than save. The trial period for this technique was in France between on the 17th of July 1984 and the 29th of July. The outcome was highly positive and the French Chancellor, Alexander Dumas, was highly praised. However on the twelfth night of the monetary experiment concerns were raised about the medium sustainability of this technique without incurring inflation.
I hope this helps with your essay.
Professor E. Concur, New College of Humanities, UK
Dear Mr Royalty,
Thank you for your question, allow me to explain. The three tools of monetary policy are minting(via the FOREX market), shrinkage (via the Bond market) and literal expansion (via interest rates). All of these tools have a variety of direct and indirect affects on a nationâs economy. However, due to time and space restraints I will only briefly summarise the central ideas.
Minting, also known as the imperial strategy, is the process of reissuing and refining the broad money flow. Derived from a technique commonly used during the Prussian Empire, of confiscating colonial capital reserves, melting them down and using them create munitions, which had a higher value than the original currency. This was utilised in a particularly aggressive manner in the Kendal region of Europe. The modernised form of method focuses on the manipulation of the foreign exchange reserves in order to expand the extra capital. This acts to lower the wealth of foreign nations, whilst increasing domestic output. The excess capital âtrickles downâ through the corporate and institutional hierarchy and solidifies in the lowest quartile. Some economists have poked holes in this technique due to the detrimental impact on other economies. However many policymakers usually justify their protectionist action under a tic-for-tac guise.
Shrinkage, a tool devised by Austrian economist Wayne Szalinski in 1989, helps to alleviate the problems associated with an overheating economy. The neo-Keynesian concept involves substantial government injections of cash inflows, via the Bond market, it has been employed by the British since 2 007 recession. Prime Minister Silvio Berlusconi also uses this in order to control the Italian job market; however the results have been widely criticised. This overspending acts to âcrowd outâ real consumer spending and decrease aggregate demand. The exact easing of inflationary pressures is usually calculated by what the Wall Street Journal refers to as a âShrinkage Matrixâ.
Finally literal expansion is the process of increasing consumer demand via interest rate manipulations. This tool hinges on popular expectation of interest rates. If, for instance, most people have great expectations of high interest rates and these are not delivered then they will spend more, rather than save. The trial period for this technique was in France between on the 17th of July 1984 and the 29th of July. The outcome was highly positive and the French Chancellor, Alexander Dumas, was highly praised. However on the twelfth night of the monetary experiment concerns were raised about the medium sustainability of this technique without incurring inflation.
I hope this helps with your essay.
Professor E. Concur, New College of Humanities, UK
What would happen to the US Dollar if the US economy is in recession?
Forest
I have no idea about economy or this kind of stuff. Cause I plan to travel outside, if the US Dollar is going down I will delay my plan.
Answer
By definition of economics, "a recession is marked by 2 or more consecutive quarters of low GDP (Gross Domestic Products, a nation's spending report)." Each year has 4 quarters, 3 months for each quarter.
By this definition, the recession has already started, because the GDP index has been down for well over 6 months, since last summer's reports. Those well-paid "spokesmen," namely Ben Bernanke, the Fed Reserve, public "economic experts" (the ones that show up on TV), Condoleeza, Pres. Bush, and other heavily-invested financial "experts" (who, of course, would root for their own portfolio investments in order to get more people to buy the same shares) STILL refuse to use the R-word because they don't want the public to know how bad the numbers actually are:
As of this Thursday morning, the unemployment numbers are already in.....407,000 total unemployment claims for the week ended March 29. This number will increase in upcoming months because there are reports of more businesses closing (mostly banks and retail sectors) and laying off even more people as of this week.
The U.S. Dollar has already been declining in value against other nations in the Foreign Exchange (Forex). Ben Bernanke has already slashed interest rates 6 times in the last 6 months. Every time the Fed Reserve cuts rates, it weakens the dollar because the way Forex works is based on a nation's economic conditions. Announcements of rate cuts signals to foreign countries that we are doing so poorly that the government has to take such drastic measures in attempt to get the cash flowing in the economy again. It makes foreigners wonder, "Why don't they have enough money in circulation? Why doesn't the government have enough money to help out? Aren't the citizens employed? Why aren't they employed? Why are there so many layoffs? Hmm....nah, we'd better not invest in the USD, pull our money out and buy Euro or other currencies instead."
Therefore, I would definitely recommend postponing your travel plans, at least until late June or July, when the total bad numbers are expecting to hit rock bottom. Until it bottoms out, they can't even begin to clean up and rebound from this mess.
By definition of economics, "a recession is marked by 2 or more consecutive quarters of low GDP (Gross Domestic Products, a nation's spending report)." Each year has 4 quarters, 3 months for each quarter.
By this definition, the recession has already started, because the GDP index has been down for well over 6 months, since last summer's reports. Those well-paid "spokesmen," namely Ben Bernanke, the Fed Reserve, public "economic experts" (the ones that show up on TV), Condoleeza, Pres. Bush, and other heavily-invested financial "experts" (who, of course, would root for their own portfolio investments in order to get more people to buy the same shares) STILL refuse to use the R-word because they don't want the public to know how bad the numbers actually are:
As of this Thursday morning, the unemployment numbers are already in.....407,000 total unemployment claims for the week ended March 29. This number will increase in upcoming months because there are reports of more businesses closing (mostly banks and retail sectors) and laying off even more people as of this week.
The U.S. Dollar has already been declining in value against other nations in the Foreign Exchange (Forex). Ben Bernanke has already slashed interest rates 6 times in the last 6 months. Every time the Fed Reserve cuts rates, it weakens the dollar because the way Forex works is based on a nation's economic conditions. Announcements of rate cuts signals to foreign countries that we are doing so poorly that the government has to take such drastic measures in attempt to get the cash flowing in the economy again. It makes foreigners wonder, "Why don't they have enough money in circulation? Why doesn't the government have enough money to help out? Aren't the citizens employed? Why aren't they employed? Why are there so many layoffs? Hmm....nah, we'd better not invest in the USD, pull our money out and buy Euro or other currencies instead."
Therefore, I would definitely recommend postponing your travel plans, at least until late June or July, when the total bad numbers are expecting to hit rock bottom. Until it bottoms out, they can't even begin to clean up and rebound from this mess.
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Forex - Forex Education in Pakistan?
Posted by Ryanita
on , under
forex pakistan
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Q. How can i get free and best forex education in Pakistan ? I am NewBie and want to learn about forex .....I listen about the new and upcomming website which is providing free forex education and also free certification by taking online exam .... I am much interested about this new website... I Found a link of that website .... Few young forex bloods are working day and night to be a best forex website... It sort of under construcion ... And will be lunch in Nov 05, 2009.
Http://www.forextradingevo.com
Http://www.forextradingevo.com
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 there is any tax on forex traders in Pakistan?
Q. I want to know that is there is any Tax on Forex Traders in pakistan(From Govt. Of Pakistan).Plz help!
Answer
Hi,
Yes there should be.
However you can ask directly to Pak Govt at http://www.pakistan.gov.pk/
If you find your question unanswered then you can ask your question at http://www.forexhowto.net/
regards,
JIMMY THAKKAR
Hi,
Yes there should be.
However you can ask directly to Pak Govt at http://www.pakistan.gov.pk/
If you find your question unanswered then you can ask your question at http://www.forexhowto.net/
regards,
JIMMY THAKKAR
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Forex Tutorial website?
Posted by Ryanita
on
Friday, June 6, 2014
, under
forex websites
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comments (0)
G
a while ago i found a website that had a step by step tutorial about forex trading. something for a total beginer, it had like 4 diffrent sections or "Schools" and it taught very basic things to very complicated things. i just dont rember the url, if you know it can you list it please?
Never mind i found it, if your intrested its Babypips.com thanks for the help though, i liked the condom comment LOL made my night :D
Answer
http://www.babypips.com/forex-school/market-hours.html
http://www.premieretradeai.com/index.php
http://www.dailyfx.com/
http://www.forextv.com/FT/Video.jsp?channel=41
http://www.forexnews.com/
http://www.worldmarkethours.com/Forex/Defaulta.htm?12,0,1,0,5
http://finance.yahoo.com/currency
http://www.babypips.com/forex-school/market-hours.html
http://www.premieretradeai.com/index.php
http://www.dailyfx.com/
http://www.forextv.com/FT/Video.jsp?channel=41
http://www.forexnews.com/
http://www.worldmarkethours.com/Forex/Defaulta.htm?12,0,1,0,5
http://finance.yahoo.com/currency
Easiest and best FOREX website?
blcklabelx
Answer
i personally use easyforex and forextradinghq to get my info regarding the latest news on the major/exotic currencies and also to learn more about foreign exchange through their wide range of articles (forex resources section) suited for forex beginners/ anyone who wants to develop/improve their trading style. These articles are also written from a personal note due to the writer's experiences in trading forex.
i personally use easyforex and forextradinghq to get my info regarding the latest news on the major/exotic currencies and also to learn more about foreign exchange through their wide range of articles (forex resources section) suited for forex beginners/ anyone who wants to develop/improve their trading style. These articles are also written from a personal note due to the writer's experiences in trading forex.
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I was thinking of getting into FOREX trading...?
Posted by Ryanita
on
Wednesday, June 4, 2014
, under
forex trading software
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comments (0)
S D
Do any of those FOREX software bots work?
Answer
Forex trading is simply high risk with high return. More than 90% of forex traders are making losses. Only the very good forex trader able to consistently making profit in forex trading.
As a newbie, I suggest you start learning from trading using a demo account. All forex brokers now offer demo account where it work just same as real account. Learn everything about forex trading, fundamental and technical analysis. Trade in demo account for at least 6 months. If you can consistently make winning, then you may want to move on opening a real account with mimimum deposit that you can afford to loss.
Here are some articles that could be useful for you as a newbie in forex trading:
http://www.forex2u.com/guide/category/forex-newbie/
Good luck.
Forex trading is simply high risk with high return. More than 90% of forex traders are making losses. Only the very good forex trader able to consistently making profit in forex trading.
As a newbie, I suggest you start learning from trading using a demo account. All forex brokers now offer demo account where it work just same as real account. Learn everything about forex trading, fundamental and technical analysis. Trade in demo account for at least 6 months. If you can consistently make winning, then you may want to move on opening a real account with mimimum deposit that you can afford to loss.
Here are some articles that could be useful for you as a newbie in forex trading:
http://www.forex2u.com/guide/category/forex-newbie/
Good luck.
what is/are the best forex trading software?
Sheldon.C
Answer
Hi,
perhaps you can be more specific in your question?
forex trading software as in the trading platform? ( for eg MT4 )
forex trading software as in a trading signal service? ( for eg ZuluTrade )
forex trading software as in automated trading? ( for eg One of the many Expert Advisers out there )
Hi,
perhaps you can be more specific in your question?
forex trading software as in the trading platform? ( for eg MT4 )
forex trading software as in a trading signal service? ( for eg ZuluTrade )
forex trading software as in automated trading? ( for eg One of the many Expert Advisers out there )
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what companies giving forex real time quotes, not market maker companies/?
Posted by Ryanita
on
Tuesday, June 3, 2014
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forex quotes real time
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comments (0)
mahmoud t
Answer
right here
(use 'instruments' for other currency choices)
http://www.forex-markets.com/webcharts.htm
right here
(use 'instruments' for other currency choices)
http://www.forex-markets.com/webcharts.htm
Forex Brokers or x brokers I want to know what the truth is with forex brokers?
artguy9029
Spreads surging, EA's allowed or looked down upon, dealing desk messing with trades, taking stops out, re-quotes.
What is the deal? Please give me the truth on all this.
Just so I can decide if I want to do it anymore or not.
What really goes on on the other side of the MT4 ?
Any input is appreciated and your identity is stealth
Come on guys...answer up...
Let's get the real story !!!
Answer
After some information gathering, I have a feeling every forex broker is evil since we have conflicting interests. They trade against us. They wish us to lose. They make many fabrications in order to deceive you, and so on.
list all the reasons why the claim is valid
False Advertising & Fabrications: - "No commissions" is plainly deceiving
Brokers deceive you about there being no commissions. $30 minimum/round turn (called the spread) is in reality a commission that eats up your capital at an astonishing rate. Even winning traders lose money and end up with negative results because of this outlandish overhead. Trading futures, you should never have to pay a broker more than $10/round turn, and usually quite a bit less than that.
- The truth about guaranteed fills: True but¡K The only way a broker can guarantee fills is for the broker to become the buyer or seller of last resort. That means the broker is running a bucket shop. All forex brokers are the buyer and seller of last resort.
- Lying about the volume: Brokers do not tell the truth about volume. They show the volume for all forex trading, which doesn't even come close to the volume they truly have at their own brokerage, which is where you are trading. Volume in currency futures is considerably higher than the volume traded at any single forex broker, often greater by a factor of ten.
Defraud of your money
- Leaning: Brokers say they are charging you a 3 pip spread to trade the popular currency pairs. But in reality a broker may be making as much or more than 10 pips on your trades. He does this by skewing prices. Since you are not trading at an exchange, the broker can feed you any price he wants to feed you. He can buy at the bank for perhaps 7 pips less than he sells to you. He then charges you 3 pips for the privilege of being ripped off for a total of 10 pips.
- Skewing price quotation
What is the true price? A forex broker can only give you the price of a currency as quoted to him by the bank through which he trades. Banks have differing prices for a currency. You never know what the real price is because there is no central exchange through which all prices flow. Besides not knowing the true price from the bank, you can also be deceived by "leaning" or "skewing" of the real price at the bank. Forex brokers commonly lean the prices.
- Immoral Stop Running/Hunting
You are told by forex brokers that there is little or no stop running. This is one of their biggest and boldest fabrications. The truth is there is far more stop running in forex than in futures, and possibly as much stop running as in the stock market. I have friends who work in forex as well as many traders who of necessity have to trade forex. One of my students is a market maker in forex. These are people who should know, but in case you don't want to believe me or them, simple observation of forex trading will reveal the vast amount of stop running that takes place there. Who is it that runs the stops? Why it is your friendly forex broker. The broker has a vested interest in seeing to it that your orders are filled. Stop running is nothing more than order filling. The broker sees to it that everybody's order gets filled.
- Wipe you out by "false" spike: Sometimes, there's very quick spike in candlestick on a broker's chart, but there is nothing happening on the others' chart. A stop-loss is triggered simply due to that suspicious spike.
- ban you if you can win their money: Probably you have heard that if you are winning regularly in forex, you may be barred from trading. Is this true? Yes it is. The fact that it is true is just another proof that when you trade forex you are trading at a bucket shop. In the book, "Reminiscences of a Stock Operator," we are told that Jesse Livermore was banned from trading at certain stock brokers because they couldn't stand him beating the house. The same thing is true with many forex brokers. Since they are the ones guaranteeing you a fill, they are in effect the buyer and seller of last resort. The truth is that most forex brokers have precious little liquidity at their firms. In order to give you the impression that there is liquidity, it is the broker who gives you your fill. It is the broker who does the stop running that supposedly doesn't exist in forex. But if you are regularly beating the socks off the broker, he will ban you from trading at his firm.
Potential Danger about Forex Brokerage Firms
- Unregulated: Forex may sound like an exchange but it isn't. It exists entirely in cyberspace with every broker and every bank having different prices for any particular currency. There is little or no regulation, even for brokers who register with the CFTC and the NFA. Forex brokers do not have to mark to market each day as do futures brokers. If your forex broker files for bankruptcy or absconds with your money you have zero recourse.
- No guarantee: If
After some information gathering, I have a feeling every forex broker is evil since we have conflicting interests. They trade against us. They wish us to lose. They make many fabrications in order to deceive you, and so on.
list all the reasons why the claim is valid
False Advertising & Fabrications: - "No commissions" is plainly deceiving
Brokers deceive you about there being no commissions. $30 minimum/round turn (called the spread) is in reality a commission that eats up your capital at an astonishing rate. Even winning traders lose money and end up with negative results because of this outlandish overhead. Trading futures, you should never have to pay a broker more than $10/round turn, and usually quite a bit less than that.
- The truth about guaranteed fills: True but¡K The only way a broker can guarantee fills is for the broker to become the buyer or seller of last resort. That means the broker is running a bucket shop. All forex brokers are the buyer and seller of last resort.
- Lying about the volume: Brokers do not tell the truth about volume. They show the volume for all forex trading, which doesn't even come close to the volume they truly have at their own brokerage, which is where you are trading. Volume in currency futures is considerably higher than the volume traded at any single forex broker, often greater by a factor of ten.
Defraud of your money
- Leaning: Brokers say they are charging you a 3 pip spread to trade the popular currency pairs. But in reality a broker may be making as much or more than 10 pips on your trades. He does this by skewing prices. Since you are not trading at an exchange, the broker can feed you any price he wants to feed you. He can buy at the bank for perhaps 7 pips less than he sells to you. He then charges you 3 pips for the privilege of being ripped off for a total of 10 pips.
- Skewing price quotation
What is the true price? A forex broker can only give you the price of a currency as quoted to him by the bank through which he trades. Banks have differing prices for a currency. You never know what the real price is because there is no central exchange through which all prices flow. Besides not knowing the true price from the bank, you can also be deceived by "leaning" or "skewing" of the real price at the bank. Forex brokers commonly lean the prices.
- Immoral Stop Running/Hunting
You are told by forex brokers that there is little or no stop running. This is one of their biggest and boldest fabrications. The truth is there is far more stop running in forex than in futures, and possibly as much stop running as in the stock market. I have friends who work in forex as well as many traders who of necessity have to trade forex. One of my students is a market maker in forex. These are people who should know, but in case you don't want to believe me or them, simple observation of forex trading will reveal the vast amount of stop running that takes place there. Who is it that runs the stops? Why it is your friendly forex broker. The broker has a vested interest in seeing to it that your orders are filled. Stop running is nothing more than order filling. The broker sees to it that everybody's order gets filled.
- Wipe you out by "false" spike: Sometimes, there's very quick spike in candlestick on a broker's chart, but there is nothing happening on the others' chart. A stop-loss is triggered simply due to that suspicious spike.
- ban you if you can win their money: Probably you have heard that if you are winning regularly in forex, you may be barred from trading. Is this true? Yes it is. The fact that it is true is just another proof that when you trade forex you are trading at a bucket shop. In the book, "Reminiscences of a Stock Operator," we are told that Jesse Livermore was banned from trading at certain stock brokers because they couldn't stand him beating the house. The same thing is true with many forex brokers. Since they are the ones guaranteeing you a fill, they are in effect the buyer and seller of last resort. The truth is that most forex brokers have precious little liquidity at their firms. In order to give you the impression that there is liquidity, it is the broker who gives you your fill. It is the broker who does the stop running that supposedly doesn't exist in forex. But if you are regularly beating the socks off the broker, he will ban you from trading at his firm.
Potential Danger about Forex Brokerage Firms
- Unregulated: Forex may sound like an exchange but it isn't. It exists entirely in cyberspace with every broker and every bank having different prices for any particular currency. There is little or no regulation, even for brokers who register with the CFTC and the NFA. Forex brokers do not have to mark to market each day as do futures brokers. If your forex broker files for bankruptcy or absconds with your money you have zero recourse.
- No guarantee: If
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Where can i find real Forex Tracer reviews?
Posted by Ryanita
on , under
forex reviews
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tomflowerp
I am looking for Forex Tracer Reviews from real people who bought this software and used it, not only the ones who are from the sellers and marketers of the Forex Tracer Automated Forex Trading Software.
Answer
There's a review made up totally of customer comments here: http://www.fxsystemscompared.com/rev_forex_tracer.html
There's a review made up totally of customer comments here: http://www.fxsystemscompared.com/rev_forex_tracer.html
forex mentor pro review?
Kite
hi
anyone could provide me with website that give honest forex mentor pro reviews?
Answer
you can get the reviews on facebook go to
http://www.facebook.com/notes/forex-mentor-pro-review/forex-mentor-pro-review/415349011865058
you can get the reviews on facebook go to
http://www.facebook.com/notes/forex-mentor-pro-review/forex-mentor-pro-review/415349011865058
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Is it possible to make a living from trading currencies FOREX?
Posted by Ryanita
on , under
forex live trading room
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comments (0)
Q. I meet a guy at a party who said that's what he did for a living.
Is it really possible for an individual to trade currencies. How can you compete with the institutions? What software would you use. What type of software do the institutions use?
This sounds really made up. Where can I learn more about trading Currencies?
Is it really possible for an individual to trade currencies. How can you compete with the institutions? What software would you use. What type of software do the institutions use?
This sounds really made up. Where can I learn more about trading Currencies?
Answer
There are millions of people around the world that make a living from trading the Forex. All you need to do is to get trained on how to do it. When you do, all your questions that you asked will have clear answers.
You should try www.londonstonetrading-fxsuccess.com. They train people worldwide and set them up with software, instant chat room, mentors etc. Also, if you decide it's not for you, they offer all your money back. Pretty good. Good luck.
There are millions of people around the world that make a living from trading the Forex. All you need to do is to get trained on how to do it. When you do, all your questions that you asked will have clear answers.
You should try www.londonstonetrading-fxsuccess.com. They train people worldwide and set them up with software, instant chat room, mentors etc. Also, if you decide it's not for you, they offer all your money back. Pretty good. Good luck.
who is the best forex broker to use?
Tommy L
with a good reputation
what do you guys think of forex.com?
Answer
If you are new at forex, I would suggest Marketiva. It's a very reliable broker that will give you $5 free to start trading.
You can join at: http://www.marketiva.com/?gid=27259
It's also famous for its live support system and multi-language chat rooms.
------------------------------------
Etoro is another good broker to join(you may trade currencies, gold, silver and other commodities as well).
It's well known for its innovative platform, where trading at Etoro is like playing games.
Also, you can receive up to $1000 for your initial deposit. In addition, there are weekly contests where you can earn cash prizes.
Join here: http://www.etoro.com/B641_A15263_TClick.aspx
If you are new at forex, I would suggest Marketiva. It's a very reliable broker that will give you $5 free to start trading.
You can join at: http://www.marketiva.com/?gid=27259
It's also famous for its live support system and multi-language chat rooms.
------------------------------------
Etoro is another good broker to join(you may trade currencies, gold, silver and other commodities as well).
It's well known for its innovative platform, where trading at Etoro is like playing games.
Also, you can receive up to $1000 for your initial deposit. In addition, there are weekly contests where you can earn cash prizes.
Join here: http://www.etoro.com/B641_A15263_TClick.aspx
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whether forex trading of currency pair and gold is good?
Posted by Ryanita
on
Monday, June 2, 2014
, under
forex gold
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comments (0)
Ssaram S
currency trading and gold trading provides enough profit to carry out the business??
Answer
whether forex trading of currency pair and gold is good?for these kinds of questions what do you think the answer should be according to me forex trading currency is good because it is well secured in every thing because For any newcomer in the forex market, it is vital to choose the right trading account. A correct currency trading account is essential to start in the currency trading market.
Before selecting the account one must be aware of the pitfalls here. In a large and unregulated market like this, at any time lot of freshers tries out their luck. At the same time there are people who are trying to make money at the expense of the newcomers. They are legal and hence and if you fall for them there is no way to get redressed.
Here are a few points which should be kept in mind before plunging in the forex market.
whether forex trading of currency pair and gold is good?for these kinds of questions what do you think the answer should be according to me forex trading currency is good because it is well secured in every thing because For any newcomer in the forex market, it is vital to choose the right trading account. A correct currency trading account is essential to start in the currency trading market.
Before selecting the account one must be aware of the pitfalls here. In a large and unregulated market like this, at any time lot of freshers tries out their luck. At the same time there are people who are trying to make money at the expense of the newcomers. They are legal and hence and if you fall for them there is no way to get redressed.
Here are a few points which should be kept in mind before plunging in the forex market.
News for Forex/Gold trading?
Q. Which news websites can I follow which is directed soecificly for forex/metals traders.
Please advice
Please advice
Answer
During the London trading session, there is no better news resource than CNBC that begins broadcasting for the new day at 3:00 am CST.
Forex news websites are easy to find:
http://www.dailyfx.com/
http://www.forexnews.com/
http://www.fxstreet.com/brokers/forex-brokers/
http://forexblog.oanda.com/
http://www.goforex.net/forex-basics.htm
For forex education and ideas:
http://www.babypips.com/
Free forex ebooks
http://forexebookz.blogspot.com/2008_01_01_archive.html
If you open a forex account, like through FXCM, you will usually have access to a forex news feed.
During the London trading session, there is no better news resource than CNBC that begins broadcasting for the new day at 3:00 am CST.
Forex news websites are easy to find:
http://www.dailyfx.com/
http://www.forexnews.com/
http://www.fxstreet.com/brokers/forex-brokers/
http://forexblog.oanda.com/
http://www.goforex.net/forex-basics.htm
For forex education and ideas:
http://www.babypips.com/
Free forex ebooks
http://forexebookz.blogspot.com/2008_01_01_archive.html
If you open a forex account, like through FXCM, you will usually have access to a forex news feed.
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Forex Killer from Forex-Killer.com by Andreas Kirchberger?
Posted by Ryanita
on
Sunday, June 1, 2014
, under
forex live trading room
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comments (0)
LemmeKnow
Forex Killer requires no trading experience and seems to offer forex signal generator software that they have designed.
See
http://Click-on.to/Forex-Killer
Has anyone traded forex using this software and what were the results like?
Answer
i have not traded using the software you mentioned but one thing is for sure, without experience you are bound to loose your money.
i suggest instead you check your options in this site. they do not provide auto signals or tippers, instead, they will provide a REAL, LIVE PERSON called Account Service Manager who is actually an expert in the field of forex trading to be your mentor, adviser, friend and trading partner.
the volatility of the market is so high that no amount of computerized maneuver can really predict the outcome of currency pairs but your Account Service manager can give expert advises, tricks and strategies to become successful in your trading activities based on actual, real experiences and years of trading. He/she will even trade with you until you become familiar with the system and you can then trade on your own. And you can always interact with other expert forex traders in their chat room.
Start by registering and downloading a Free Ebook. If you are a newbie in this field, you need to read a lot to learn the trade.
i have not traded using the software you mentioned but one thing is for sure, without experience you are bound to loose your money.
i suggest instead you check your options in this site. they do not provide auto signals or tippers, instead, they will provide a REAL, LIVE PERSON called Account Service Manager who is actually an expert in the field of forex trading to be your mentor, adviser, friend and trading partner.
the volatility of the market is so high that no amount of computerized maneuver can really predict the outcome of currency pairs but your Account Service manager can give expert advises, tricks and strategies to become successful in your trading activities based on actual, real experiences and years of trading. He/she will even trade with you until you become familiar with the system and you can then trade on your own. And you can always interact with other expert forex traders in their chat room.
Start by registering and downloading a Free Ebook. If you are a newbie in this field, you need to read a lot to learn the trade.
is any college or program for being a professional Forex trader?
nobody
Answer
Now a days, you can get the best training online. Bob Iaccino was a Chicago truck driver, who learned forex trading on his own. He is now considered to be an authority on forex trading and gets regularly interviewed by CNCB, Bloomberg and other financial channels. He recently started his online forex classroom.
Anybody from anywhere in the world could join. This classroom runs online with the students from all over the world meeting in an online chat room where Bob gives the lectures. Then there are live trading sessions. The duration of this classroom is for one semester. Bob starts from the very basics and then takes the students step by step to a higher level.
You can do research and find many good online forex training programs that you can take. The good thing is that most of them have a money back guarantee so you don't have to worry if you don't find the right things in it. Simply go for a refund.
Now a days, you can get the best training online. Bob Iaccino was a Chicago truck driver, who learned forex trading on his own. He is now considered to be an authority on forex trading and gets regularly interviewed by CNCB, Bloomberg and other financial channels. He recently started his online forex classroom.
Anybody from anywhere in the world could join. This classroom runs online with the students from all over the world meeting in an online chat room where Bob gives the lectures. Then there are live trading sessions. The duration of this classroom is for one semester. Bob starts from the very basics and then takes the students step by step to a higher level.
You can do research and find many good online forex training programs that you can take. The good thing is that most of them have a money back guarantee so you don't have to worry if you don't find the right things in it. Simply go for a refund.
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