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

Forex && News Releases?

When are the news releases for the EUR and USD

is there a set period of time like 8am EST they come out? or does it vary?

this would really help, THANK YOU!

PS: Don't forget to include time zone, EST is mine

THANKS AGAIN!

Answer
24/7

That's the joy of forex trading. There is no central market for currencies. Any news, any time, anywhere in the world that involves international trade, international investments, relative interest rates, or political stability will have an effect on forex rates. The most liquid markets for any currency occur during normal banking hours in major banking centers that use the currency as local money. That means for the EUR 0800 to 1600 Frankfurt time and for the USD 0800 to 1600 New York time. I personally like 0800-1000 New York time because there is still activity in Europe.

The most important news about forex is never "released". If the Bank of China is adjusting its foreign currency reserves and moving many billions for EUR to USD or AUD or the other way around, the last thing they want is for anybody to know that they're doing it. That's why technical analysis is king in forex: they can't hide the activity on the charts.

Looking for forex trading software reviews and recommendations from people in the know.

Answer
I use Forex Tracer as my single-point forex trading system. It works seamlessly with my Metatrader 4 broker and is pretty good at spotting signals & creating trades. I work out of Melbourne, Australia as a forex trader.

forex trader secret?

Answer
Bsmtprediction provides users with FREE access to daily AUD/USD, EUR/GBP, GBP/USD, EUR/USD, NZD/USD, USD/CAD, USD/CHF & USD/JPY forecasts through this website. At Any Time / Any Day (we'll straight away post the signals here in real-time if there's any triggered) 1 hour, 4 hours & daily forecasts are published on this site. The predictions are good from the moment they are published until either it reached the take profit target, hitted the stop loss or another new prediction of the same currency & timeframe unveils on the same / following day. Essentially, the prices shown are for an unknown period.. That's why we encourage you to subscribe our FREE Google Groups newsletter to get the latest signal updates sent to your e-mail from the very 1st minute it was published..

Q. I opened a mock forex account and the broker calls me all the time trying to force me to put money in my account. How desperate are these guys for accounts?

Answer
Online forex brokers are required to maintain a certain amount of capital or they will be shut down.

IMO, online firms that are aggressive in getting people to trade with them are either undercapitalized and wants to generate more business, or they have just hired a bunch of salesmen to generate more business.

If i were in your shoes, I'd move my demo account to a different online broker. Pick out the top 5. These brokers will let you trade a demo account with the least solicitation. Maybe an email every now and then.

I trade with OANDA.com. They have a demo account that you can trade without limit. Although I get email from them once a month for the demo account, this is more to update me on latest developments, than to get me to open a live account with them.

Hope this helps.
http://jsforex.blogspot.com

About Forex Live Account?

please tell me does anybody have experience scalping at FXPro or gainscope. does they do fairly? i know in demo account they do allow but how about their live account? Which are best broker in this 1.Gomarkets 2.FxPro 3.Vantagefx ..............guide me

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:

Answer
Sanjiv here with 8 years in the forex markets of Australia, Singapore & Canada. I use Forex Tracer along with my Metatrader 4 broker account for online currency trading.

It's a fantastic forex tracing software for charting, signals, alerts, the works. Boosted by intelligent automation, it works dynamically to monitor the 24-hour forex markets and deliver profitable trades in real time.

What is the meaning of the 4 majors (EU,GU,UC,UJ) and 3 minors ( UCAD,AU,NU) currencies in the FX market?

I was reading about the FX market, and I can't figure out what they mean when they say there are 4 major (EU,GU,UC,UJ) and 3 minor ( UCAD,AU,NU) currencies. What do the symbols mean?

Answer
FOREX â Foreign Currency Exchange

1.EUR/USD - Euro/U.S. Dollar
2.GBP/USD - Great British Pound/U.S. Dollar
3.USD/CHF â- U.S. Dollar/Swiss Franc
4.USD/JPY â- U.S. Dollar/Japanese Yen
5.USD/CAD â- U.S. Dollar/Canadian Dollar
6.AUD/USD - Australian Dollar/U.S. Dollar
7.EUR/GBP - Euro/Great British Pound
8.EUR/JPY - Euro/Japanese Yen
9.EUR/CHF - Euro/Swiss Franc
10.GBP/CHF - Great British Pound/Swiss Franc
11.GBP/JPY - Great British Pound/Japanese Yen
12.CHF/JPY - Swiss Franc/Japanese Yen
13.NZD/USD - New Zealand Dollar/US Dollar
14.EUR/CAD - Euro/Canadian Dollar
15.AUD/CAD - Australian Dollar/Canadian Dollar
16.AUD/JPY - Australian Dollar/Japanese Yen
17.EUR/AUD - Euro/Australian Dollar

NOTE: Of the above 17 currency pairs, six of them are deemed the âmajor currency pairsâ in the FOREX market because they account for about 80 percent of FOREX transactions:

1.EUR/USD - Euro/U.S. Dollar
2.GBP/USD - Great British Pound/U.S. Dollar
3.USD/CHF â- U.S. Dollar/Swiss Franc
4.USD/JPY â- U.S. Dollar/Japanese Yen
5.USD/CAD â- U.S. Dollar/Canadian Dollar
6.AUD/USD - Australian Dollar/U.S. Dollar

As you can see, there is a currency on the left and one on the right. The one on the left is referred to as the base, and the one listed on the right is known as the cross. The format, once again, is as follows. BASE/CROSS, or EUR/USD. The EUR is the BASE and the USD is the CROSS.

TERMINOLOGY:
â¢PIPS- Price Interest Point. This is the smallest unit price for any Foreign Currency.
â¢LOT- A lot of currency is one denomination for a trade (100K or mini account). This is similar to purchasing one stock or one contract in the futures market.
â¢LONG to buy
â¢SHORT to sell
â¢BID-The price at which you sell
â¢ASK-The price at which you buy

Price Interest Point - (PIP)
Profits are made in the FOREX by gaining PIPS. A pip is the last digit from the decimal point. This value is 1/100th of a cent. You may now be asking yourself, how do I make money off of 1/100th of a cent? The answer is leverage. The FOREX market is highly leveraged and should be respected. That said, it can also provide for a tremendous return on your investment. The average leverage in the FOREX is 100 to 1. Basically this indicates that for every dollar you invest in a trade you are controlling $100 of value.

Calculated PIP
Calculated PIP â shows the Price Interest Point (PIP) value for the selected currency pair based upon your trading account margin. For example, a standard 1 percent margin trading account controlling $100,000 in currency would show the EUR/USD with a PIP value of 10.

PIP VALUE-Fixed or Floating
FIXED- When the USD is the cross currency (right side of the pair), the PIP value is fixed at $10 in a 100k account.

FOATING- When the USD is the base currency (left side of the pair), the PIP value is based upon the exchange rate of the cross currency (i.e., USD/CAD.). Also, the PIP value is floating when the pair consists of foreign currencies (i.e., EUR/ GBP).

LOT
A lot is the normal unit of trading in the FOREX market. Trades are made in lot increments, similar to share increments in the stock market.

Standard (or 100k) FOREX account- has a 100:1 leverage ratio
1 LOT= $1,000 investment= ratio leveraged 100 to 1, which = $100,000 in buying power.

Mini FOREX account- has a 200:1 leverage ratio
1 LOT= $50 investment= ratio leveraged 200 to 1, which = $10,000 in buying power.

TRADING HOURS (EST)
â¢Trades 24 hours a day, 6 days a week. The market is open from Sunday at 5pm EST to Friday at 4pm EST.

http://www.babypips.com/
http://www.dailyfx.com
http://www.fxstreet.com/rates-charts/usdollar-index/
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_links.htm
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".

Q. I wanted to know if there is a reliable site where you can trade currencies like US to Euros for free or a low price. Know any?

Answer
See http://www.howtotradeforeigncurrency.com/forex-blog/which-is-the-best-forex-platform-

eToroâs foreign currency exchange platform was designed to be user-friendly and helpful to beginner traders.

ForexYard is an online foreign currency exchange trading service. It is designed so that a new trader can sign up and start trading in a matter of minutes.

Finexo is a stable,Web-based Forex broker. The siteâs different account types cater to beginner, intermediate, and expert Forex traders.

Easy Forex is a foreign currency exchange trading platform that helps new traders learn how to manage forex transactions, and provides tools for experienced traders to excel at trading.

Hy Markets is a highly secure and reliable Forex broker that is suitable for both novices and experienced traders.HyMarkets trading platform that allows trading in Forex, Oil, Stocks and Futures, and other products. HyMarkets have been in forex business for over 30 years and regulated by FSA.

Can someone critic my site: http://www.howtotradeforeigncurrency.com/?

Can someone critique my website?I just launched a forex trading website that covers the basics about forex trading. I not a professional web designer âin fact I used some free templates to design the site. Can someone critique my site and let me know what I may need to do to improve the site. Please help. http://www.howtotradeforeigncurrency.com/
Thanks

Answer
It's a bit bare, but clean. The information is easily accessible.

Here are some things I ran into:

- The link to the homepage on your 404 error page is broken. It points to 'http://www.howtotradeforeigncurrency.com/howtotradeforeigncurrency.com'

- There seems to be quite a bit of unused whitespace in the source code. That really serves no purpose other than to increase the size of the file that needs to be downloaded by someone viewing the site. Perhaps you could clean that up a bit to scrape some kilobytes off.

- There seems to be some issues with the CSS style on http://www.howtotradeforeigncurrency.com/what-is-foreign-exchange-market.php. The menu on the left overlaps the page footer (blue bar) which looks a bit messy.

The site won't win any beauty contests, but as I stated earlier, the relevant information is easily readable and properly accessible. And that's really what this site is about.

I tested with Firefox 3/3.5 btw

Answer
Hello Jon,
If you are interested in really good FOREX mentoring, I recommend you one named Sorcerer.

Because Forex Sorcerer is both complex and stunningly simple, an elegant culmination of precise Forex knowledge and unassailable computer logic with one well-defined mission: making you money. The program works when you tell it to; in your sleep, while you enjoy a meal out, come rain or shine, Forex Sorcerer never gets weary or suffers from the emotional burnout thatâs so common among even the most experienced of human traders.

It is really unique and the only system to show backtests for 7 years with an astounding $49 million profit per year, actually this is really insane!

Over $49,000,000 profit per year every year.. I really couldn't believe it. This automated forex robot churns out winning trades 24/5 for the last 7 (seven) years to put big money in user's account. Forex Sorcerer exists since 2003 and has raked in an astounding $348,405,521.93 using only a 3% risk setting!

Unbelievable! Do I have to add something? These numbers are telling that this product worth it.

Where Can I Find A Forex Mentor?

Answer
The best way is to join the online forex community, just search it online for keywords such as 'forex community' or 'forex forums'.

Good luck.

Answer
What Determines Foreign Exchange (Currency) Rates
There are number of factors that contribute to changes in Forex rates. Below are some of them.

1. Interest rate movements
A rational investor will often look for the best place, in terms of returns, to park their money. If interest rates were high and outlook for the stock market is grim for example, then currency might be the better option (more attractive). Then, currency becomes more expensive due to the high demand..
Also, if you look at two countries. For example, the United States of America and Australia. Australia, at the present moment, has a higher interest rate than the US of A. Thus it makes more sense to park money here in Australia than in the US, thus earning a higher interest. Again, this will drive US Dollars down and push the Aussie Dollars up. This is what you call as⦠CARRY TRADE.

2. Central Banks Manipulation
A Central Bank can be a major player in the Forex market. It can buy and sell large sums of currencies to manipulate the market. There are many reasons to why central banks do this, but they will not be discussed here.
Bank Negara Malaysia was an influential player in the Forex market, to the point of getting a warning from Alan Greenspan, the then chairman of US Federal Reserve.
Also, referring to the 1st factor of interest rate movements, the central bank is the setter of interest rates.

3. Speculators/Traders
Pretty similar with above, the big players in the market like institutions or just people with heaps of money, they can influence Forex market movements by buying or selling large sums of currencies.

4. Unexpected News Announcements
Any unexpected political and economical news announcements can also cause movements in the Forex market.

5. Balance of Payments
Okay, this involves a few jargons like balance of payments, export, import, current accounts, deficits, and surpluses. Iâll just put them in an example.
Suppose a country is exporting goods & services more than it is importing, resulting in more money coming into the country. In this instance, the state of current account surplus is to be expected (letâs just assume that is in surplus). Large current account surplus will make the currency to appreciate.
Contrast this with a country that imports more than it exports (i.e. more money going out than coming in), in which current account deficits will exist (letâs just assume that it is in deficit). In this instance, the currency will depreciate.

All in all, we can conclude that at the end of the day, Forex rates are determined by supply and demand. If there is a high demand for a particular currency, it will appreciate. If there is a low demand for a particular currency, it will depreciate.

Which is better Technical or Fundamental Analysis in Forex?

Can Anybody tell me which is better analysis Technical or fundamental?Or there is any other way to predict about the Currencies/Forex Market?
what are uses of these analysis?are these worthless?

Answer
Either Technical or Fundamental analysis can be used in the forex market. Traders can make legitimate cases for either, and many will incorporate both into their strategy.

Fundamentals:
Traders using fundamentals look at the relative strength of each economy by reviewing economic information such as interest rates, GDP, employment, inflation, stock market healthm, etc. Traders/investors will move their money to the country where they can get the highest rate of return. And since you're trading in currency pairs, you want to trade the strongest currency versus the weakest currency when judging by the fundamentals. You can compare this to stocks. Everyone wants to buy the stock that has the brightest outlook, strongest growth, biggest profits, etc. The difference with currencies is that you're judging the countries economy instead of a companies balance sheet and growth outlook. Sure, political events will affect a currency, and so do management decisions...Steve Jobs at Apple, Ken Lay at Enron,etc.

Technicals: The same technical analysis used in the stock market can be used in the currency markets. In fact, some traders find it works better since there is less gapping in currencies. So you can use technical indicators, support, resistance, trendlines, candlesticks, etc.

Here are two resources to learn more about fundamental and technical analysis. I say it's best for you to learn both and use which one you find works best for your trading.

http://forexforums.dailyfx.com/free-video-forex-trading-course/

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