How I want to get 100pips perday ?what should I do and what indicator I must using?

Answer
You question will get a lot of scam website references.

Forex is a seriously competitive market dominated by experts, not a market for simple easy profits. Anyone who claims otherwise is lying.

Imagine that someone could generate 100 pips per day easily. That person would become fabulously wealthy by trading daily. The person would not dilute their own returns by selling a system or robot. They certainly wouldn't give away the secret to strangers.

If you think it is easy, you will lose your entire investment quickly.

what are the average daily ranges of the major forex pairs?

Answer
70-100 pip a day

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

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

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

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

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

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

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

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

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

paul

What to buy: Forex or Stock indexes?

I think the Stock indexes are perfect choice. Even Warren Buffet once said that: "in stocks you can easily predict the price, but its not like that when it comes to Forex".
I am not a trader professional, but within the past several months when I use simulators, I found it almost impossible to earn good money with forex. But how about Stock indexes (Like Dos Jones and Nasdaq 100 ,QQQQ...)? Well only for the last night according to the simulator I have won several thousends pips (by trading nasdaq 100, spi 200 and dow jones). You can now judge which one is better :)... whether forex or stock indexes.

Thaks

Answer
Man, you are right about the forex market, so hard to predict. Simulators are not handy forex tools for novices because the trader still has to know much of what he is doing. There is one major difference that separates the forex and stock indexes, a couple trillion dollars. Though, the waters are too deep for many, the forex market is definitely the way to go. I have been trading the forex successfully for the past seven months, the returns have been phenomenal. It doesn't get any better than earning daily interest on four hundred times my money. I would love to mentor and share more about what I have learned trading in the forex market. Drop me an email!

Best Regards

Chris

i noticed i the daily chart for many currencies ,for about three months ,candles were so small.mot more than 40-80 pips in day.but in the last few months ,candles become very long.about 100-200 pips in day and some times more,what is the reson for that change

Answer
the length of the candlestick represents the range of the currency during the time span represented by each candlestick. when volatility increases in a market the average daily range increases. when currencies move relative to each other expect volatility to increase. the dollar started to gain against many currencies a few months ago. that is the point that the volatility picked up and the candlesticks became longer.

What is the best platform to trade from.?

Does anyone know the best trading platform for the stock market not forex.with level 2 feeds and what the min is to open an account on the platform.Please help I really need this as soon as humanly possible

Answer
Well that depends which type of trading you want to do and what are your requirements. I am a forex trader last 3 years and well settled with Finexo.com.

There are some features that might give a brief idea about the same.

- Minimum Deposit : $100 Dollars
- Accounts Type: Mini, Classic, VIP
- Leverage: 200:1
- Platform : Web-based
- Deposit Methods: PayPal,MoneyBookers, Liberty Reserve,
E-Bullion, Credit Card and Bank Transfer
- Language support for over 30 languages
- Stable and user friendly trading platform, suited for beginner, intermediate and professional traders.
- Good daily recommendation and market reports.
- Useful mobile phone service and good customer support.
- 3 pips spread for classic account with $500 deposit
- Is regulated by European Community

I would also suggest to get right education before starting with any of the broker.

Regards