i want to know a proven strategy for forex trading (swing or long time) and will appreciate if it's from a pro trader.
thanks

Answer
www.FXCM.com

http://www.babypips.com/

Here is a couple good videos to watch,

http://www.forex.com/forex-seminars-developing-listen.html

http://www.forex.com/forex-seminars-developing2-listen.html

Here is a squido site for fxbootcamp that has several good video, if youll take the time to watch these you can learn a lot.

http://www.squidoo.com/fxbootcamp/

I like Oanda for a starting broker because you can trade with as little as 1 cent a pip on the line, of course youll only be making 1 cent a pip. then as you improve you can step it up a penny or a dime or what ever.
The only bad thing about them is 50:1 leverage and there spread gets very wide during news times.

I also agree with babypips good site.

a short but very good ebook
http://www.robbooker.com/books/Strategy10.pdf

Here is a good site to learn about the indicators. Just look all over it.

http://www.investopedia.com/university/movingaverage/default.asp

Use Oanda as a demo account. It doesn't expire so you will have as long as you need to practice.
http://fxgame.oanda.com

check out this guy: http://www.robbooker.com/

What Is The Best Forex Trading Strategy?

I am in complete information overload and looking to find recommendations from experienced traders.
Please do answer, I am looking forward to some pro Forex traders. If you are trading Forex for a living it would be awesome to here your advice. Please help and give good info.

Answer
I can really relate to you as this reminds me of the time when
I started Forex Trading. See, Forex Trading is not all it is cracked up
to be.
All the brokers are advertising this quick money making skim,
open an account with $50 and make big money and other stuff that's
not true.
My advice is to find a good Forex forum or group that teaches
Forex newbies. I know a lot of people that are Forex indicators
worshipers, but I don't pay much attention to all that hype.
Most of the times indicators are just used by the broker as a
training tool or just to fill up their Forex training section.
In reality most of the indicators are lugging and are not
timely on the market.
Your Forex broker loves them as the indicators make you
pretty predictable. For example let's say the Forex broker is
propagating a indicator. This indicator is calling for buying
or selling when such and such lines are crossing. The indicator
is also calling shorts when the lines are crossing backwards.
This makes you very predictable and helps the broker to
execute in the opposite direction.
By the way it is not a secret, that the broker sits on the opposite
side of your trade, especially if the broker is not a ECN broker
and is not a price maker.
Forex Market is huge, but for a retail Forex Trader like yourself,
the market is only as big as your broker.
One more thing to be very careful is not to trade the news.
A lot of those Scam Forex Brokers are widening the spread
during news times. You will be surprised, but some of them
are going as far as 90pips spread. See, the broker looses
control during the news trading due to very high volumes
and the only way to control is to take you out of the game
with a wide spread.
I have even seen my stops taken before my entry, now that's
a roller coaster Forex.
The best Forex trading strategy for me is a Price Action Forex
strategy. Forex Support and Resistance strategy, Fibonacci Forex
strategy, Big Numbers Areas Forex Strategy.
For a Forex newbie, since I get asked a lot, I have found this
program to be pretty effective.
In any case take all the advice you can and good luck with your
Forex trading.

which is better for investment .. stock market or forex ?

why stock market is the most famous and common market while forex is way huge in terms of volume ?

explain to me the bros and cons of each of them , especially for begginners investors

Answer
Forex is *not* investing - it is speculating - and you should not do anything with your money until you know the difference.

Forex Online Trading Vs Stock Exchange?

What is better for Investment and to make quick Profit ?

Answer
Both aren't proper to make quick profit. In Forex market you won't make a profit at all, while in stock market you could but over long term, not quickly.

i want 1 live streaming forex rates application for my 2 mobiles, 1 spice QT 66 and micromax 550 cube? please can any one help me?

Answer
If your mobile's browser has javascript you might be able to use this:
http://www.fxstreet.com/rates-charts/forex-rates/

If you need Rupee rates this place may stream them:
http://www.indianrupeerate.com/index.php

I haven't checked IndiaRupeeRate on a weekday in a while, but these used to be live rates offered by that outfit. They have a wider spread than a spot market forex dealer would.


You could try getting a demo account at oanda, but I don't think they have apps for your phones.
They have mobile apps for android and iPhone.
http://www.oanda.com/mobile/

Is there any MOBILE application which provides LIVE FOREX RATES?

Q. I need metal rates tooo!

Answer
Yes dude

here you go...http://www.fonofx.com

you have live forex rates, metal rates and many more.

download for free http://m.fonofx.com

Cheers!!!

Q.

Answer
First you need to take a basic course in Forex trading. This information is free online. No one can give you a comprehensive explanation on reading the forex charts here. There are three websites I have found to be helpful in studying the basics of forex online.
1. www.babypips.com
2. www.forexprofitsignals.com

Number 1 will give you a basic free education on forex
to get you started with a demo and even live account.

Website number 2 will show you a very simple way to start
making money on the forex market today. Get through the
course in website number 1, open a demo account. Get the information from website number 2 and you will be on your
way to make money on forex. Don't be afraid. Fear is the key
to lose money in Forex. If you just do what you see in website
number 2, after completing your course from website no.1,
you will become successful intrading the forex market.

Goodluck

Can you tell me about Forex and currency trading?

I really should get more educated before I decide if I would like to do this. Basically if you could give me a brief overview of currencty trading. Also, how much would I need to have in my forex account to actually make it worth the time and effort of trading and to be able to make any money? I'm a college student so a couple hundred bucks is probably all I could put in adn that's even stretching it a little.

Answer
Currency trading is risky business, but you can make money with it. You just need to trade smart.

Before you start trading, you should learn as much about forex as you can to prepare adequately. Many websites will advise you to trade with leverage to increase your profit. Leverage is ratio between lended capital and invested capital. For example if brokers offers you leverage of 100:1, it means that if you invest $100 you will be able to trade with $10.000. While leverage can bring you higher profits, you can also lose all your invested money very quickly.

Most brokers have automated systems that can issue a stop order to some trades to protect their interests, so you can never lose more than what you invested, but it is also possible that some brokers don't have these systems and in that case you can be responsible for losses that outweight your investment. That is why you should always read brokers margin agreement.

My advise is that you ALWAYS trade with leverage 1:1 and NEVER trade beyond 10:1, no matter how good you become at trades. People who make money with forex never trade with more leverage than 10:1.

Also as a beginner, you can use some trading platform like Metatrader 4 that offers demo account with virtual money. It allows you to try out forex trading without any risk and that way you can see whether you can make money on forex or not.

Just remember greed is your enemy No.1. Also don't expect high profits with forex. People who make money on forex are doing it slowly. If you expect a return of 200% within a week, or month, than forget it and try something else.

my friend introduce me to this company forex macro and told me about investing in it. well i done my own research and found that there are people who are please and made some profit while there are some websites which declare it a scam. my friend invested 3000 dollars and on his account it shows profit of 21 dollars per day. i only invested 200 dollars and i'm getting 93 cents per day with the fixed plan just to taste the waters. i want to know of people who actually invested it and there replies good and bad. also i would like to hear if anybody had any problems withdrawing money when they cashed out.

Answer
Simple answer. I just went to the web site.

I have no doubt that this is a total scam.

Stay clear of this rip off. This is like Bernie Madoff's ponzi scheme. You will be paid by the deposits of others. eventually these things blow up. 100% guaranteed. You need to look at yourself very closely. Why would you believe these claims in the first place. The claims they make are blatantly ridiculous.

Forex vs Options & ETF's; which would be better to invest on?

I have $3000 to invest, I'm doing research on the mentioned options; which would be better Forex, Options, or ETF's?

Answer
What you have just asked is tantamount to asking :
"Beef vs Fish & Pork, which would be better to eat?"

These are completely different financial instruments that serve very unique and different purposes and it largely depends on what you are trying to achieve. For example, if you want to invest or trade on your opinion that the US dollar will continue to weaken against the Euro, you would of course do FOREX, right? If you want to invest in a certain market or sector movement, you would of course not invest in forex but go for an ETF that represents what you want to speculate in, right?

So, the thing is, it all starts from you, yourself. You need to understand and choose what works for you. There are pros and cons in ALL kinds of financial instruments and people usually specialise deeply in the one that they understand and are able to attain consistent success in.

I know a lot of very rich forex traders and I also know a lot of broke forex traders. I know a lot of very rich option traders and I also know a lot of broke option traders. What is the difference? The difference is knowledge. Those that has deep enough knowledge and experience in a chosen field usually becomes successfull and those lacking of knowledge will usually go broke. The markets is a merciless place where the more knowledge you have, the less risk you will run into.

So if you ask me, the starting point is not in deciding what instrument works for you and trying to gamble your $3000 away but instead continue to invest in more knowledge until you are certain of what you want to do.

I have personally chosen to trade options and have made it my life long career. It has taken me from completely broke to stock market millionaire by the age of 28 and I list some of the books that took me down this path many years ago at http://www.bestoptiontradingbooks.com .

Hope these information helps.



http://www.mastersoequity.com



.

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

Basic for forex trading?

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.

I am new to trading and I want to generate a least ten pips a day, is that possible or does it take longer. What time should i expect the trade to execute, so that i can put in more trades?

Answer
If you trade EURUSD, it can be as soon as few seconds. Trade on US market where there's rapid movement.

About www.forex.com?

Just one question, I read this on their web page:

If you want to purchase $100,000 of USD/JPY at 100:1 leverage, the money required is 1%, or $1000. The other $99,000 is collateralized with your remaining account balance. You pay no interest.

What does that mean? That in that case I would owe them $99000?

Thank You.
Only people who have actually traded there. Thank You

Answer
If you are talking about the Forex spot market it works like this (Forex futures is a different animal).

Let's say that you open an account for $10,000. You could take 10% of that (this is called your margin) or $1000 and enter a position that allows you to control $100,000 of the USD/JPY currency pair (this is called 1 "lot") using the leverage that you mentioned of 100-1.

(Now let me point out right away that the USD/JPY is an extremely risky and volatile currency pair and I would personally consider 10% to be too high of a margin.)

The only money that you have at risk in your account is the $10,000 in your account. If the price of the currency were to move far enough against you the broker would initiate a margin call and close out your account and you would lose your entire $10,000.

Here is how the profit and loss works. The current price of the USD/JPY that you bought is 112.82. If the price increases to 112.83 it is said to have moved 1 "pip" and your account balance would increase by $8.91. If the price had moved to 112.81 you would have lost 1 "pip" and your account balance decreases by $8.91.

As I mentioned the USD/JPY is very volatile. It would not be unusual for it to move by 20 or 30 pips, or more, in a matter of minutes. (And don't forget...it's moving while you are sleeping.) I don't think I could sleep very well with a position like this.

Now the other interesting feature with the USD/JPY is that for one "lot" you would receive a daily interest payment of $11.91. This occurs regardless of the price of the currency pair and you receive it 7 days a week. (triple interest on Wednesday to make up for the weekend).

In closing the Forex market is very risky. It is very important to study the market and know exactly what you are doing before getting involved. And never, never, never trade with money that you cannot afford to lose.

I suggest spending some time at www.babypips.com for the absolute best training on the Forex market.

Good luck and be careful.

Paul