I am dealing here with the forex market. Also I would like to have an idea as to when the 'big boys' are making their moves using the 4 hour charts.

Answer
i have a nice blog about forex - http://forex-news-help.blogspot.com/
try searching it, maybe you will find what you are looking for + much more

What is the cheapest forex broker out there?

I would like to know about forex brokers that offer low balance accounts. Do you have any recommendations? What about forex research? What are all the important events or meetings that affect the forex market?

Answer
trading is like a university education, it requires on the order of 10 to 20 years to become proficient and you have to be ready to accept it as a full time career. With that said, the broker that I use is oanda. I use this broker mainly because it allows smaller lot sizes which allows me to be very flexible with my exposure.

My recommendation- do not trade with less than 50k account. Do not trade live until you have risk capital (money that you will not need or regret losing) or minimum few years on paper accounts.

Forex research is a huge topic. Do not fall for technical analysis, it works in some situations, but the best bet would be to read the prices correctly via price patterns and timing. Do not trade during non farm payrolls or during tokyo and NY lunch hour. Trade during the overlap of US UK sessions for best liquidity. Watch for inflation levels, what central bankers say (and if what they are saying is just a warning or if they are serious about it).

For example you would want to monitor the japanese central bank decisions right now because their currency is strong enough to make their bank sell it to lower the price to keep exports competitive.

For CAD, watch for gold prices (oil is their major export). ect.

FINALLY: the only way to make money in forex safely is with law of large numbers in terms of capitalization. You have to have an account upwards of 50 mil, so this is not a get rich quick thing. The real money lies in market making and dealing.

Answer
The best VPS hosting company for forex trading is 3-Essentials. I've been using them to host all of my EA's (expert advisors) for over 2 years now, and I've never experienced any downtime.

What is a good forex vps?

Answer
3Essentials. I have never had a down-time issue with this forex vps hosting company.

I am a newbie in forex trading and i would like how many currency pair should i trade with.

Answer
How many? Are you asking about money managegment, like how many contracts, or how many different pairs to trade at once, like diversification?

If the latter, 2 or 3 things is all you can watch at once, but I don't see the point unless you're swing trading.

If the earlier, stop trading or don't start until you go back to square one and learn everything you can about money management and risk control, or it will eat you alive.

The biggest and most common mistake made by beginners is leverage. Taking advantage of the full 100:1 margin leverage is just insane, and you will lose. Look up the well-know study called Gamblers Ruin. It's not a matter of "if" but rather "when" it will all be over, done, ruined.

http://www.babypips.com/school/money_management.html

http://en.wikipedia.org/wiki/Money_management

http://www.trading-secrets-revealed.com/trading-money-management-insights.php

How to pick a stock trading website thats best for me?

take it easy, im just 17 years old and im just in business. Im reading books about stocks and investing but right now i wanna know which site best fits a beginner, and what should i be aware of.

Answer
First, you need to decide whats best for you, are you a technical or fundamental trader? learn the terms and concepts. Read through the best trading forums for valuable information www.trade2win.com and www.elitetrader.com, write down all the terms you find and type em in in wikipedia, wiki is has been alot of help for me. then there are sites for analysis like www.finance.yahoo.com www.advfn.com www.barchart.com www.finviz.com, www.freestockcharts.com - this is best for free realtime charts.
Of course my own blog www.trading2riches.com, my 5 year experience using different methods are written there.

Whats important that you have to find what style really suits you.. long term or short term trading, reading charts or doing fundamental research etc. most beginners usually go for technical analysis because it looks a lot simpler, for that i recommend to learn chart pattern and get "Encyclopedia Of Chart Patterns 2nd edition" That will help you a lot, but after 5 years of constant reading of chart patterns I noticed its not that easy at it seems. At the moment Im discovering some of the hedge fund trading methods and using those, which are highly profitable :p for example pair trading, It took me a lot of pain and sleepless nights to reach this information.

What to avoid is daytrading when you are a beginner, thats a fast way to throw away your money, better yet dont deposit anything in the first few years, until you have paper traded your method for a while and its profitable, otherwise your losses will be guaranteed.
Another thing what to avoid is any kind of stock picks, tips, alerts or anything that is recommending you to buy or sell certain financial instruments, these are mostly scammers. avoid penny stock recommendations, unless youre the scanmmer yourself ;) (read about bump and run). Avoid automated trading robots that earn you guaranteed millions, 99% of them are total BS. Of course there are software that can help you a lot for example pairtradefinder and forex autoclick software.


Internet has endless sources of information, just type in your question and read as many articles you can find.

Q. There are so many, what are the best Forex Trading Platforms, particularly for a new trader?

Answer
I've posted this before, but I think this applies here.

Choosing a great trading platform is an important step in Forex Trading. A good one should offer the following:

Easy to Use
The software you use should be easy to understand and it shouldn't take a long time work-You should be able to trade right away. If it's too complicated to even start, how will you be able to use it to trade regularly!?

Real Time Quotes
Because Forex Trading is done 24 hours a day, and you need to have live quotes. Live quotes give you control of your money and you can check on it whenever.

Trading Rates
The software should have a freeze option when you decide to buy or sell.

Your Part
Do not be greedy! Before you start, figure out how much money you want to invest, and stick to it-Do Not Go Over!
Trading is not a 'get rich quick' deal. Just like starting any new job, trading takes time to learn and involves risk and loss, but can potentially be a great source of income-once it's mastered.

I would recommend:

http://userfriendlyforex.com

What is the best Forex Trading strategy in a dealing simulation (over-the-counter)?

Currently a university student in Australia, majoring in Economics and Finance. This semester, I am doing a finance course where I am expected to go to a dealing room and start trading - dealing simulation. So, there will be two groups where companies will be quoting from banks (companies and banks).

I'm out of ideas as to how I should trade and be the best in the dealing room, in terms of strategy. Any ideas? Five stars for best answer. Thanks!

Answer
Download NinjaTrader for free and use their built-in simulator and start trading now real-time, with professional indicators and charts. At the very least, you'll get a feel for actual trading and terms and definitions and what it all means. Your finance class should give you ideas on how to make money. Otherwise, email me, and I'll send you some ebooks on Forex trading. You'll have to send me your email address for me to send an attachment.

http://www.ampfutures.com/index.php

They won't require you to fund the account for several months, maybe six months. The data feeds for forex and futures are also free.

You can also download ThinkOrSwim for free also, but won't have access to the data for export/import into Excel or other program, where Ninjatrader you do. Ninjatrader is great for the small trader, and you can start with as little as $500.

http://www.babypips.com/school/market_hours.html
http://news.tradingcharts.com/forex/headlines/Forex.html
http://forex-trading.bluecollarnews.com...
http://www.forex-learning.com/forex-trading-technical-analysis/forex-trading-technical-analysis
useful e books:
http://www.rapidforex.com/
http://www.traderssecretcode.com...
http://www.1forextrading.com/
http://forexmarketsuccess.com/forex-ebook/

Forex simulator:
http://fxtrader.investopedia.com/Registration/Register4.aspx

Hi All:

I have been contacted by an account manager of forex trading company iForex and I was suggested that if would join their team I can earn around $1000 per month.

Can someone please guide how these sites are reliable and what about the FOREX trading business and how this compnay (iFOREX) is also relaible if anybody knows it personaly or earning anything from it.

Answer
A few months ago, I was asking the same question about iforex.com

Dude they are liars and cheating people.
Read this blog to know more about them-

http://www.xomba.com/iforexcom_fraud
http://iforex-fraud.blogspot.com/
http://in.answers.yahoo.com/question/index?qid=20090818013152AA4nQBn
http://forums.babypips.com/forextown/28152-iforex-com-scam-what-your-experience.html#post128321

How the forex trading (iFOREX) is reliable and how much can some1 earn from it ?

Hi All:

I have been contacted by an account manager of forex trading company iForex and I was suggested that if would join their team I can earn around $1000 per month.

Can someone please guide how these sites are reliable and what about the FOREX trading business and how this compnay (iFOREX) is also relaible if anybody knows it personaly or earning anything from it.

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 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. 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.

Since there are so many trading methods and platforms, what is a good platform and trading system that I should investigate that would afford the best results with the least amount of risk? I understand there is substantial risk to this type of investment and one should not invest funds they can't afford to lose.

Answer
I would say the answer is that you should exercise yourself as much as possible. For example, if you have a job currently, then get some time daily to exercise yourself for at least 6 months. One year also should be enough, if you study at least 1 hour daily.
Benjamin Franklin is know to have said: "Knowledge yields the best interest."
On the other hand, Socrates: "I know that I don't know nothing" :). -

I am quoting those 2, because there is one pretty popular hypothesis in the microeconomics that the markets are unpredictable and one can't earn more than the market itself. However, many people doubt this hypothesis(the hypothesis is called: EMH - google it...).

My advice though, leave forex unless you are multimillionaire.
Concentrate on stocks or at least forex options.

Also, don't think that any strategy on the internet can help you. Think of your own formula and try to apply it on a demo for a few months. If it works - invest small amount of money, then more and more...

Believe it or not - the advice above costs millions of dollars ;) - more than any book that you can buy on "strategies".

Good luck and happy new year ;).

How we can benifit from forex?

Q. I am going to invest & need your valuable suggestions.

Answer
you can check your options in this site. enables forex trading anywhere in the world where internet connection is available; offers background information for the Forex market, Guided-Tour, seminars, one-on-one training, CHAT, telephone support, as well as other assistance tools, including technical support; enables users to start trading immediately and with no software required to download you may login to your account and trade anytime, from anywhere; allows you to fund your account with your credit card, so you can start trading immediately, regardless of banking work days or hours; And If you are a frequent trader dealing in larger volumes, they offer tailor-made account to suit your exact needs (spreads, leverage ratio, mobile-phone alerts, etc.); also uses the latest highly sophisticated and advanced technologies in order to offer you up-to-the-second quotes.

one unique feature of this site is whether you are a beginner or an experienced trader, for a minimum deposit of $100 which will also form part of your initial capital, they will provide an Account Service Manager (ASM) to be your personal consultant who will serve as your mentor and trading partner, will answer all your technical questions and with whom you can talk live over the phone, email, chat or any form of communication available. your ASM will even trade along with you so that you will get to familiar yourself about how the real trade is done and give you the tips and tricks you need to know and do to achieve a profitable forex dealing.

Hi All:

I have been contacted by an account manager of forex trading company iForex and I was suggested that if would join their team I can earn around $1000 per month.

Can someone please guide how these sites are reliable and what about the FOREX trading business and how this compnay (iFOREX) is also relaible if anybody knows it personaly or earning anything from it.

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 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. 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.

Is forex trading a safe way to earn lots of money?

Hi guys,
Recently i've seen so many sites that speak about forex trading and brokers and so on. I saves a bit money and i was thinking to start trading forex and double it. Please i need some advice. Preferably someone who has past experience with it. Is it a good or bad idea. Please advice

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: