Plz someone tell me "www.forex.com" is scam or real. Give me some proof is it scam or real? Or give me real reviews not fake account's reviews.

Answer
FOREX.COM is not a scam. They are one of the few legit FX brokers out there. Others include GFT, InterbankFX and FXCM.

All Forex brokers are poor or worse..... so the ones I've mentioned (above) are simply the least bad. The biggest thing you want to be careful of is the illusion that Forex Trading can be easy. It's not. Most people fail within a few short months. 95% fail after 12 months. Learning Forex Trading can easily take 3-5 years before becoming profitable (consistently). That means (if you're day trading Forex) that you're losing perhaps 50% - 60% of your trades. It's your risk/reward ratio that makes you money. The whole key to this is risk management.

You should try day trading stocks first... only because it's a bit easier. Ultimately the success ratio is almost as bad as FX.

Read a lot of books on trading and FX trading. Don't just jump in & try it. Don't use the results of paper trading to mean anything.

Why people loose in Forex Trading?

I just want to know the key factors due to which 95% of traders loose their money in forex trading.

Answer
The majority of people loss money Forex trading for a few different core reasons.

Most people tend to buy tops and sell bottoms after the move has occurred because of the human nature of fear and greed. People are trading from their emotions.

Secondly most people trading Forex loss money because they are over leveraged. With some brokers offering up to 400:1 leverage it is attractive to think you can make a lot of money with just a little money. Again we see the theme of greed playing out. Very little leverage is need to make good consistent profits.

Lastly, most people begin trading live accounts without the proper experience. They read about the Forex markets and think this is the answer they have been looking for. They have no idea of the amount of hard work and skill involved the markets attract some of the brightest minds from around the world.

It's like thinking you could become a professional athlete after a little practice!

I was thinking 200 but it looks like trade charges would eat that money up in no length so now im thinking more along the lines of 500?. Also I'm thinking of trading with forex thoughts?. Is there any hidden charges I should know about with forex?! Thanks

Answer
Take the $200 and invest it in 6-12 books on trading. If you still want to do Forex than after that read 2-3 books on Forex trading. Why you would pick one of the hardest markets to start in is a mystery to me. Especially a market known for scams and less than honest brokers.

FOREX is nothing but hidden charges.... the spread is the charge (although they all advertise "no commission")....... you'd be better off with a commission than the "spread".

Even if you jump into an easier type of trading (like stocks)..... short term trading kills portfolios. 95% fail at short term trading. Increase your odds..... learn this stuff before you open an account.

Hi Can you refer me to a site with free downloadable ebooks on candlestick pattern analysis in forex. Thanks?

I have an interest in medium term forex trading and to use candlestick patters for the purpose. Can you folks help please. Cecilgamini

Answer
Hi Cecilgamini,

Statistics show that most people end up loosing their money within the first 60 days of investing in the Forex (including myself). I had tried just about every Forex program, signal service, candlestick analysis, and spent countless hours trying to study charts and read graphs and almost gave up altogether trying to invest in the Forex market until I accidently ran across the FreedomRocks strategy. Which has been the only profitable system Iâve ever used. It's a very safe hedging system, the software does 95% of the work, and it takes me about 15-30 minutes per week to manage my account. Itâs simple and easy to understand and by far the best investment choice my wife and I have ever made even better than stocks and real estate. I would be more than happy to share our results with you so feel free to email or call me anytime.

Best Regards,

Brandon Wells
Ph:877-773-5345
www.yourforexinvestor.com

I've only had experience with the MarketAxess Fixed-Income trading platform, but am interested in setting up a demo account with FOREX. Any thoughts?

Answer
Iâve been using the FreedomRocks system and have came across a lot of posts on various forums and wanted to share my personal experience. First of all the system takes the guesswork and emotion out of trading on the Forex market. Itâs a proprietary system that does 95% of the work and takes a few minutes per day to manage.

As we all know even experienced Forex traders can make big mistakes and most people end up loosing all of the money that they invest within the first couple of months. Unlike most forex programs FreedomRocks is not attempting to guess which way the market is going to move because quite frankly no one can predict that and thatâs why the majority fail.

Let me emphasize that this is a long term investment strategy and not a get rich quick program. Itâs a very simple and easy system to understand and Iâve never seen any other program where someone with no prior trading experience could invest in the market and actually be profitable.

The FreedomRocks system represents a complete paradigm shift from traditional Forex investment practices:

- The automated system does the trading for you

-No charts, no graphs and no more Guesswork

-Spend only 20 minutes per week managing your account

-Structures your trading: Buy Low/ Sell High

- Allows you to collect daily interest on leveraged money

-100% control over your money

I believe that this is the best system for trading on the Forex but of course I donât expect anyone to take my word. I would encourage anyone looking for a smart way to trade in the market to take advantage of the 15-Day free trial so they can experience for themselves how it works.

For More information check out: http://www.yourforexinvestor.com

* Iâve also created a worksheet to assist people in setting up their account using the system so if anyone be interested I would be more than happy to share it.



Best Regards,
Brandon Wells
877-773-5345
bjwells@yourforexinvestor.com

p.s. I personally like the GFT platform but you can use any platform you choose.

Does anyone know of any good Forex Expert Advisors, Indicators and signals that I can buy?

I need Expert Advisors, Indicators and signals that can make near 100% a week or less or if not at least between 80%-95% a week.

Answer
All of us would like an investment that does that.

Very few of us are silly enough to believe you can have that return reliably.