Showing posts with label forex game. Show all posts
Showing posts with label forex game. Show all posts
Can someone tell me about FOREX ?
Posted by Ryanita
on
Wednesday, June 18, 2014
, under
forex game
|
comments (0)
the guy yo
I want to know something about foreign stock exchange. I want to join it. My friend told me that i need at least 500$ to start. And how much can a new joiner earn/month ?(on a average)
Answer
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.
Forex is similar to what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. The net winnings of everyone combined equals zero. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.
Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.
There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: "Go to Forexcrap,com/q2347." The "q2347" is a signal to the Forexcrap site that you are being referred to them by "q2347." If they sell something to you, "q2347" gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.
I would recommend not trying to do Forex at all, unless you are a trained professional. It's like playing poker with people better than you, with the house constantly taking a small percentage from the pot.
Read the warnings in the links below:
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.
Forex is similar to what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. The net winnings of everyone combined equals zero. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.
Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.
There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: "Go to Forexcrap,com/q2347." The "q2347" is a signal to the Forexcrap site that you are being referred to them by "q2347." If they sell something to you, "q2347" gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.
I would recommend not trying to do Forex at all, unless you are a trained professional. It's like playing poker with people better than you, with the house constantly taking a small percentage from the pot.
Read the warnings in the links below:
What is the difference between a gaming computer and a forex computer?
ashiblue
I'm thinking of building a forex computer, and it seems like I may as well just build a gaming computer, but there are special quirks of the forex computer. Can anyone tell me what that would be?
Answer
The software for data delivery is probably more important, or just as important as the computer.
What you're trying to overcome with speed is data bottlenecks. With gaming, it is graphics data problems. All of the moving objects and colors of a game are graphics issues that should be handled by the graphics board rather than the CPU. Obviously, a dual core Quad is going to be better than a single. But you need a good graphics card with lots of onboard memory.
With a trading machine, you're handling lots of data coming in from outside the computer, processing that data into many different charts and calculating indicators. The graphics is not the problem of a gaming machine. The problem is when there's a flood of data, like when there's a report, or around the open of different markets, when markets go wild. I've had computers completely freeze for several minutes when extreme volatility situations arise. Sometimes I would have to reboot to get control back, and that can take ten minutes to get back up and running with everything updated and functioning again; obviously, that won't work for a trader. The software should have a method to throttle that data, because you don't need every tick, estpecially when the input data is a thousand-fold what it was a minute ago. If you're using a web browser, rather than a dedicated trading program downloaded to your computer, you have no control over the data feed. A good trading platform like Realtick or Tradestation, will have at least 3 or 4 different methods of sampling and throttling to control high volumes of data. NinjaTrader does a good job, but I've got a super fast computer, so I never see any glitches.
There are several informational and learning websites. If you watch their trading videos, you'll see what they're using.
http://www.forextv.com/forex-video-archiâ¦
http://www.babypips.com/
http://www.dailyfx.com
http://www.fxstreet.com/rates-charts/usdâ¦
http://www.forexpeacearmy.com/
The best way to learn is from a book. You can find three different eBooks here:
http://members.cox.net/axiom11/#Info
Insider Forex Secrets
http://members.cox.net/axiom11/page2_linâ¦
Forex Trading-Revolution To Home Based Internet Business
Forex Trading Strategies
There are many eBooks listed here, so to find the one you want, just hit Ctrl-F (for Find) in your web browser to find "forex".
The software for data delivery is probably more important, or just as important as the computer.
What you're trying to overcome with speed is data bottlenecks. With gaming, it is graphics data problems. All of the moving objects and colors of a game are graphics issues that should be handled by the graphics board rather than the CPU. Obviously, a dual core Quad is going to be better than a single. But you need a good graphics card with lots of onboard memory.
With a trading machine, you're handling lots of data coming in from outside the computer, processing that data into many different charts and calculating indicators. The graphics is not the problem of a gaming machine. The problem is when there's a flood of data, like when there's a report, or around the open of different markets, when markets go wild. I've had computers completely freeze for several minutes when extreme volatility situations arise. Sometimes I would have to reboot to get control back, and that can take ten minutes to get back up and running with everything updated and functioning again; obviously, that won't work for a trader. The software should have a method to throttle that data, because you don't need every tick, estpecially when the input data is a thousand-fold what it was a minute ago. If you're using a web browser, rather than a dedicated trading program downloaded to your computer, you have no control over the data feed. A good trading platform like Realtick or Tradestation, will have at least 3 or 4 different methods of sampling and throttling to control high volumes of data. NinjaTrader does a good job, but I've got a super fast computer, so I never see any glitches.
There are several informational and learning websites. If you watch their trading videos, you'll see what they're using.
http://www.forextv.com/forex-video-archiâ¦
http://www.babypips.com/
http://www.dailyfx.com
http://www.fxstreet.com/rates-charts/usdâ¦
http://www.forexpeacearmy.com/
The best way to learn is from a book. You can find three different eBooks here:
http://members.cox.net/axiom11/#Info
Insider Forex Secrets
http://members.cox.net/axiom11/page2_linâ¦
Forex Trading-Revolution To Home Based Internet Business
Forex Trading Strategies
There are many eBooks listed here, so to find the one you want, just hit Ctrl-F (for Find) in your web browser to find "forex".
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About trading easy-forex?
Posted by Ryanita
on
Tuesday, March 25, 2014
, under
forex game
|
comments (0)
Md Parvej
I would like to trade currencies online using easy-forex.. but i really don't know much about it..
How much they charge for each trade?
How much fees i should pay every month minimum?
If i make some money from trading will it be transferred to my bank account immediately, or i should cancel my forex account to have my money back?
Answer
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.
Forex is similar to what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. The net winnings of everyone combined equals zero. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.
Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.
There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: "Go to Forexcrap,com/q2347." The "q2347" is a signal to the Forexcrap site that you are being referred to them by "q2347." If they sell something to you, "q2347" gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.
I would recommend not trying to do Forex at all, unless you are a trained professional. It's like playing poker with people better than you, with the house constantly taking a small percentage from the pot.
Read the warnings in the links below:
Source:
http://www.cftc.gov/opa/enf98/opaforexa1...
http://www.smartmoney.com/investing/stoc...
http://en.wikipedia.org/wiki/Forex_scams
http://www.cftc.gov/ConsumerProtection/F...
http://www.cftc.gov/ucm/groups/public/@c...
http://finance.yahoo.com/banking-budgeti...
Asker's rating & comment
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.
Forex is similar to what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. The net winnings of everyone combined equals zero. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.
Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.
There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: "Go to Forexcrap,com/q2347." The "q2347" is a signal to the Forexcrap site that you are being referred to them by "q2347." If they sell something to you, "q2347" gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.
I would recommend not trying to do Forex at all, unless you are a trained professional. It's like playing poker with people better than you, with the house constantly taking a small percentage from the pot.
Read the warnings in the links below:
Source:
http://www.cftc.gov/opa/enf98/opaforexa1...
http://www.smartmoney.com/investing/stoc...
http://en.wikipedia.org/wiki/Forex_scams
http://www.cftc.gov/ConsumerProtection/F...
http://www.cftc.gov/ucm/groups/public/@c...
http://finance.yahoo.com/banking-budgeti...
Asker's rating & comment
What is the hidden game in Forex Trading?
Q. I feel there is a game in Forex trading but i'm not able to figure it out. I feel it's not transparent as all broker companies pretend, can any one advice me, is my feeling right or wrong?
--
FX Mania
http://www.geocities.jp/fxtrading777/
--
FX Mania
http://www.geocities.jp/fxtrading777/
Answer
the Forex doesn't have a central organism where currencies are dealt. You have to think of it as the global exchange of currencies. If you go to a bank and buy US dollars with your local currency then you have participated in the forex, in other words you have participated in that global exchange. But the idea is much broader. Forex includes the exchange of goods and services, investment transactions, speculation and everything else involved with money, even when you purchase something in a mall for your own use. All this is hardly transparent which makes it difficult for the layman and not so layman. Thats the nature of the Forex but it doesn't mean you can't make consistent profits from this enormous market.
A complex system such as the worldwide exchange of currencies can be narrowed down to relatively simple concepts for you to use. However, exactly because of this reason and it's low transparency, many scam artists arose to sell supposedly "profitable" trading strategies.
Be careful.
btw, there's no game. Forex is just forex, it can't be manipulated like a stock for example. The currency market is too large to be manipulated with the idea of scamming people.
the Forex doesn't have a central organism where currencies are dealt. You have to think of it as the global exchange of currencies. If you go to a bank and buy US dollars with your local currency then you have participated in the forex, in other words you have participated in that global exchange. But the idea is much broader. Forex includes the exchange of goods and services, investment transactions, speculation and everything else involved with money, even when you purchase something in a mall for your own use. All this is hardly transparent which makes it difficult for the layman and not so layman. Thats the nature of the Forex but it doesn't mean you can't make consistent profits from this enormous market.
A complex system such as the worldwide exchange of currencies can be narrowed down to relatively simple concepts for you to use. However, exactly because of this reason and it's low transparency, many scam artists arose to sell supposedly "profitable" trading strategies.
Be careful.
btw, there's no game. Forex is just forex, it can't be manipulated like a stock for example. The currency market is too large to be manipulated with the idea of scamming people.
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How is this online forex game different from real life?
Posted by Ryanita
on
Thursday, December 19, 2013
, under
forex game
|
comments (0)
Q. http://ababasoft.com/flash_games/forex01.html Real life surely cant be like this game so how is real lfe trading different?
i made 10% profit within the first 30 seconds of the game, and surely that is not possible in real life? Why?
i made 10% profit within the first 30 seconds of the game, and surely that is not possible in real life? Why?
Answer
No, it's not even close to the real thing unless you are watching and trading real price action in real time.
No, it's not even close to the real thing unless you are watching and trading real price action in real time.
Forex trading and how to go about it from home?
MrsB29
Can someone explain in detail how forex trading can be done from home in order to earn some additional income? Too, what is involved or needed? How much is needed as an investment?
Answer
I would check out fore forums.
Like babypips etc.
However make sure you understand every aspect of the forex game, because it is hard to earn good money if you don't know what you are doing.
Maybe another option for you is to let someone else manage your account?
I would check out fore forums.
Like babypips etc.
However make sure you understand every aspect of the forex game, because it is hard to earn good money if you don't know what you are doing.
Maybe another option for you is to let someone else manage your account?
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How is this online forex game different from real life?
Posted by Ryanita
on
Friday, December 6, 2013
, under
forex game
|
comments (0)
Q. http://ababasoft.com/flash_games/forex01.html Real life surely cant be like this game so how is real lfe trading different?
i made 10% profit within the first 30 seconds of the game, and surely that is not possible in real life? Why?
i made 10% profit within the first 30 seconds of the game, and surely that is not possible in real life? Why?
Answer
No, it's not even close to the real thing unless you are watching and trading real price action in real time.
No, it's not even close to the real thing unless you are watching and trading real price action in real time.
Forex trading and how to go about it from home?
MrsB29
Can someone explain in detail how forex trading can be done from home in order to earn some additional income? Too, what is involved or needed? How much is needed as an investment?
Answer
I would check out fore forums.
Like babypips etc.
However make sure you understand every aspect of the forex game, because it is hard to earn good money if you don't know what you are doing.
Maybe another option for you is to let someone else manage your account?
I would check out fore forums.
Like babypips etc.
However make sure you understand every aspect of the forex game, because it is hard to earn good money if you don't know what you are doing.
Maybe another option for you is to let someone else manage your account?
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