Could someone tell me a good free program to trade forex? Also i need a site where i could learn the basics. Thanks!

Answer
The best broker for beginners to trade forex with is etoro. They have many of tools to help new traders, such as the open book, which allows you to see the trades being made by professional forex traders and simply copy their trades at the click of a button. But by the sound of things you need to learn a lot before you invest any money. One of the biggest mistakes new traders make is getting a few lucky wins on a demo account and think it is easy to trade forex. T ake a lot of time to learn before you invest and good luck.

Forex trading basics, how to start forex trading?

I need to know about the basics of forex trading, how to start trading and how to minimize the loss on forex trading and maximise the profits on forex trading.

Answer
In order to profit from the forex market, you will need strategies and also the will to change these strategies. Traders who lack a well thought out trading plan are prone to panic and confusion, when unexpected swings in the forex market occur. Many traders will tell you that trade driven by emotion is the fastest way to deplete your funds. Whether or not you are using a technical or fundamental style, it is still essential that you have a proper view of the market.
Developing your own trading style is a time consuming process and is often acquired through trail and error. It is unfortunate that there is no âgoldenâ ruleâ to trade in the forex market and technical and fundamental styles of trade wonât be successful all the time. Successful traders often have a unique style of trading and take up various strategies during a trading session. Only continuous practice will help you gain a feel for the movements of the forex market.

The beginners can take the help of some forex expert or forex mentor who can guide you in your plans and help you to enter better trades. I can suggest you one FINEXO (link i am providing for referral) which i am using last so many years and is quite satisfied with. But my friend the key in Forex is YOU and YOUR TIMINGS.
Very educative Blog: http://forextradingguru.blogspot.com/

Answer
If they have an office then you could try on finding their phone number in the directory or call directory assistance.

I only found a number for forex cargo pickups +1(323)449-5468

CAn i ask the telephone number of Forex cargo in Davao city?

P

Answer
Simply Google "Forex in Davao City". for complete #

I want to know if anyone knows of a way to predict price movement on a 1 min chart...

Answer
Which market? stocks, commodities, currencies, bonds, options, etc. etc.

Every novice, every single one, gravitates to the shorter and shorter time frames until they are stuck on the 1 min chart and can't go lower. Actually, I had a tick chart for awhile that was so noisy it looked like an electrocardiagram.

What you're looking for first is the trend, and then major areas of Support and Resistance, but major levels were probably not hit in the last 3-5 minutes. Those are shown on the Daily chart, and maybe on the 30 min chart. When price nears an important area, then use the 5 min or even the 1 min to look for an entry point.

In the Forex, trading currencies, we rarely use anything less than the 90 min chart, sometimes the 60 min, for making trade decisions, but we will use the lower time frames for entry points. The only time I use the 1 min with Forex is on the major Report trades, similar to the gap openings in the stock market, where every second can make a difference in direction.

Test your trading theories on a Simulator at Investopedia.com

Can Stargate International Cargo be trusted?

We are in Dubai now.We sent 2 boxes to my mother in manila and 2 other boxes to our inlaws in Laoag, Ilocos norte last March 10. It's April 18 now. Stargate said it should just take 30-35 days for delivery to manila and 35-40days to any province in the Philippines. I called my mom and she said that she has not received anything yet. I am getting a bit worried about it. Is there anyone who knows how long does it really take for shipment to arrive in the Phil from Dubai. And can we really trust on the services of Stargate?

Answer
Time and again we YAP gets the same question like your concern. In fact all over YAP I have found over 30 expressed negative sentiments with Stargate. What is a fact is that they deliver late. I myself have experienced this although it did come with only a 1 or 2 display bottles broken. It took approx. 60 days to reach me. That also after I pester the Manila office and the Tacloban office.

There had been several questions saying that their packages has not been delivered for over 2 months. I suggest for you to have a little more patience, put a minimum of 60 days wait. If it doesn't come ask your Mom to call the head office and also ask for the number of the local partner in Ilocos. Then let her pester them.

One of the YA user at UAE have even expressed his intention to sue them. His claim is that Stargate delivers okay when you do it for the first or second time. The next time, they'll screw you.

I wouldn't trust Stargate anymore. Next time, take a more reliable cargo. Forex for instance. They have a tracking service which makes it easier for you to track your cargoes. There are also several cargo companies worth your money.

Thank you very much for your help.
I have one more question, is it cheap to carry gold to india, since gold prices are very high these days in India. Does anyone know about the prices And how much can you take with you ?

Answer
The gold price itself is the same internationally.
http://www.khaleejtimes.com/forex.asp

In Dubai you are just not paying any tax. Indian custom rules: http://www.immihelp.com/nri/india/travel/import.html

Is the gold prices keep going up as long as the interest rates stay low?

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In theory, you are correct. Low interest rates and loose monetary policy inevitably lead to inflation (erosion of purchasing power), which drives up the price of gold. The current run up in gold has been the side effect of the devaluation of the US dollar in the forex markets (which has been artificially inflated over the years as the world's reserve currency) and fear.

Answer
The forex market works as a financial instrument to act as medium with which international trade is actioned.

The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The average daily trade in the global forex and related markets currently is over US$ 3 trillion. As such, it has been referred to as the market closest to the ideal perfect competition.

Unlike a stock market, where all participants have access to the same prices, the forex market is divided into levels of access. At the top is the inter-bank market, which is made up of the largest investment banking firms. Within the inter-bank market, spreads, which are the difference between the bid and ask prices, are razor sharp and usually unavailable, and not known to players outside the inner circle. As you descend the levels of access, the difference between the bid and ask prices widens (from 0-1 pip to 1-2 pips for some currencies such as the EUR). This is due to volume. If a trader can guarantee large numbers of transactions for large amounts, they can demand a smaller difference between the bid and ask price, which is referred to as a better spread. The levels of access that make up the forex market are determined by the size of the âlineâ (the amount of money with which they are trading). The top-tier inter-bank market accounts for 53% of all transactions. After that there are usually smaller investment banks, followed by large multi-national corporations (which need to hedge risk and pay employees in different countries), large hedge funds, and even some of the retail forex market makers. According to Galati and Melvin, âPension funds, insurance companies, mutual funds, and other institutional investors have played an increasingly important role in financial markets in general, and in FX markets in particular, since the early 2000s.â (2004) In addition, he notes, âHedge funds have grown markedly over the 2001â2004 period in terms of both number and overall sizeâ Central banks also participate in the forex market to align currencies to their economic needs.

There is no unified or centrally cleared market for the majority of FX trades, and there is very little cross-border regulation. Due to the over-the-counter (OTC) nature of currency markets, there are rather a number of interconnected marketplaces, where different currency instruments are traded. This implies that there is not a single dollar rate but rather a number of different rates (prices), depending on what bank or market maker is trading. In practice the rates are often very close, otherwise they could be exploited by arbitrageurs instantaneously. A joint venture of the Chicago Mercantile Exchange and Reuters, called FxMarketSpace opened in 2007 and aspires to the role of a central market clearing mechanism.

Although exchange rates are affected by many factors, in the end, currency prices are a result of supply and demand forces. The world's currency markets can be viewed as a huge melting pot: in a large and ever-changing mix of current events, supply and demand factors are constantly shifting, and the price of one currency in relation to another shifts accordingly. No other market encompasses (and distills) as much of what is going on in the world at any given time as foreign exchange.

Supply and demand for any given currency, and thus its value, are not influenced by any single element, but rather by several. These elements generally fall into three categories: economic factors, political conditions and market psychology.

Please tell me about your forex exchange experience.?

Several years ago I started tentatively to study about the forex exchange market, I have read some books about it but never had the braveness to risk real money in it, If I have to use real money I will at least pump 1000 USD which I may lose in a couple of minutes and most probably it will be the first and the last trial for me, and ofcourse I do not like that.

I want to know the best broker companies, and the best way for technical and news analysis, and if I applied a good technical and news analysis, would I be at high risk either?

Do you have any recommendations?

Answer
FXCM has worked fine for me for many years, but I find myself trading more FXY or maybe FXE than any spot, along with the options.

For example, it's a lot easier to hold a long FXY and later sell a covered call, called "legging on," and you have a relatively risk-free long position with a little theta decay going on there in case it goes nowhere or down a little. It reduces your cost basis, protects the downside somewhat reducing risk, and at the same time increases your probability of success to 67%, way over a 50/50 guess directionally with high leverage in a cash FX position. The latter is doomed from the start to failure using leverage without the tools and knowledge to handle these markets.

Having traded FX for more than a decade, I'm lost in the gov't run, debt driven, and crisis insane FX markets. Fits and starts and stop farts.

Trading is about managing risks, not guessing what a politician will do next. How about when the rules change, or suspended law? How do you measure those risks?

Quite plainly, my "recommendation" would be to avoid forex like a plague, especially and until you can call yourself a trader.

Learn to trade stocks first, if you insist on trading, then see if you can do it with leverage. Develop a trade plan and test the plan. If you can make simulator profits by trading the plan, you're good. If not, modify your plan.

Read the book by David Nassar - Rules of the Trade - available at your local Interlibrary Loan System.

http://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/scalping_report/2013/05/08/Forex_AUDUSD_Scalps_Target_March_Lows_Bearish_Below_1.0220.html

"Which Is Better, Buy-and-Hold or Market Timing?"

"Do You Have What It Takes to Be a Market Timer

Lefevre, Edwin - Reminiscences of a Stock Operator (story of Jesse Livermore)

O'Neil, William J.- How to Make Money in Stocks - can also be your TA instructor if you buy his paper IBD.

The USD/JPY is trading now at about 80.4900 so how much would it cost me to buy 3000 shares of that currency? Also how much money am i required to have to day trade Forex? Because i know you need like 20 grand to day trade stocks. I have been trading stocks now for a couple months and i have a good trading strategy down using MA stochastic and a couple other indicators but will they still be effective in forex trading? Thank You

Answer
There is no minimum to day trade Forex, except the minimum deposit set by your broker (usually $100 to $2000). There are also no restrictions on shorting.

Forex trades in terms of lots, or notional value. And how much you can buy depends on your account type and leverage. In the US, the maximum leverage is 50:1. So, if you buy 1 mini lot of USD/JPY, you would be shorting 10,000 dollars worth of Yen, and that would cost you 1/50 of that amount, which is $200 of margin. Each pip, or 0.01 movement, would gain or lose approximately $1 depending on the currency.

As another example, if you buy one mini lot of GBP/USD, you'd be buying 10,000 dollars worth of GBP, and each pip would be a movement of 0.0001, which would still gain or lose $1.

Honestly, if you're successful in the stock market, I would stay there. But it wouldn't hurt to try Forex on a free demo account. Forex is cheaper to trade, and doesn't have bear markets in the same sense as the stock market. But it's also much more volatile.

How does ForEx leverage work?

Let's say I deposit $500 into an account. The broker gives me 200:1 leverage. What can I buy on a EURUSD exchange with that? Some brokers automatically set a 100,000 unit buy? I don't understand...

Answer
At 200:1 buying the EUR/USD (based on today's EUR/USD price), one standard lot (100,000) would require about $720 worth of available margin. Most brokers will allow an account to trade down to a lot size of 0.1 standard lots(one mini-lot) requiring about $72 worth of available margin. Finally, there are a few brokers who allow a minimum position size of 0.01 standard lots (one micro-lot) which would cost about $7.2 of available margin.

Q. Where does one find the forex regulations of foreign countries? Since the United States doesnt have much it seems like most brokers are scams. Anyone know of a country that has strict regulations put on forex brokers?

Answer
USA has the most restricted law to regulate forex trading. unfortunately, it is responsibility of every one by his own to protect himself to be scammed. choose a good broker or website is the most important very start thing. Before you do trade on the Forex markets you will need to have a good broker. A good broker will be your lifeline in the world of Forex market and will often be your only point of contact in your Forex trading. It should be pointed out that the broker will not actually decide what to buy and sell. The broker simply buys and sells currency according to your decisions. There are literally thousands of Forex brokers both on line and in the real world. Some are good brokers and some are not so good.

First you need to know how the industry operates, know which strategies are the best to use, practice on some demo accounts, find a good broker, then invest. If you are a newbie. I recommend to begin reading some tutorials for highly informational guides, videos, articles and e-books for free. best of luck.

Forex trading training?

Please recommend the best forex trading trainers in the UK and the USA to me.

Answer
It depends on what technique you are leaning towards in your Forex experience.

If you are into technical trading and working with charts I would highly recommend Wayne McDonell at FXBootcamp.com.

If you are more of a "gambler" and an "adrenalin junky" and want the stress of trading the news (or Fundamental investing). I would recommend Rob Grespi at kingforexsignals.com

If you are just starting out and want to get an awesome education I would recommend a free solution at babypips.com.

If you simply want to make a nice, consistent return utilizing the power of the Forex market as a part of a long term investment strategy I would suggest that you send me an email.

May all your guesses be good ones.

Paul Upp