Archive for February, 2010

What is the best forex trading strategy?

Posted by Donna On February - 22 - 2010

Donna asked:

I have been reading about trading forex but I am unsure about the strategy I should be using. I have read about so many different strategies and they all claim to be the best and easiest. I was just wondering if anybody had any real experience trading forex that could recommend a good strategy to start out with.

Real online instructor led forex class or course.?

Posted by mvtvc On February - 22 - 2010

mvtvc asked:

I have been searching for a actual online course or class to learn the basics of the forex market and also how to trade, read & understand the data along with where to get research. I have done a google search and all I come up with is sites that want to give me a quick run down and how easy they say it is. I know its not easy and is one of the worst markets as it has the least regulation. I have been even to many sites that are defiantly scams trying to sell you a ebook or a stupid robot. I know I can also go to the library and have a world of knowledge of forex but I want an actual instructor led learning of the basics, any ideas on where I can find this? I took a stock class from http://www.ed2go.com/ a few years back and it was great but they do not have forex. This is just something I want to learn not a get rich or a person dreaming I can make 10k overnight, more like learning golf, not going to become a pro but more as learning hobby.

Chedda_P asked:

Im talking like 1:1 or 2:1 leverage. I do not want 100:1 or 200:1 leverage as that would mean substantial risk on my end. I know gains wont be great with minimal leverage but I am happy, for now, to have as little leverage as possible.

Everywhere I have looked leverage seems to be relatively high so your trading 100,000 units of a currency at a time. I’m only looking to put in £500 and make small gains.

Does anyone have anymore details or information on low leveraging and what brokers of the smallest possible leverage?

Thanks in advance.
So I can have a micro contract which will allow me to deposit £1000 with 1:1 leverage.

or have 2:1 and deposit £500 to make up the 1000 units?

Viky asked:

Rs.5 lakhs = $10000. Well here goes my issue…..I am 22, and no collateral assets to put forth as guarantee. I quit my job two months ago for continuing my education so no salary slips and stuff. I’ve worked as a risk analyst before for just over a year. I am of course beginning to realize how funny my situation is :) But there must be some ideas out there which could help. I want to invest the money in currency trading (The Forex market, Spot market, Spot or whichever term you prefer). I’ve been studying currency trading since when i was 13 and this is where i specialize in. If you think its stupid of me to take a loan and invest in such a high risk business, then please stay away; you’ve only known the majority.

And if you agree with me that nothing can beat the planning-intellect-experience combo…then well, I am badly in need of the loan. Ideas, links, contact info, every single word in your answer, is welcome. Thank you
no collateral, no pay slips…..i’ve been getting rejected on loan requests for them reasons.
no collateral, no pay slips…..i’ve been getting rejected on loan requests for them reasons.

Aybody out there know the letimacy of etoro forex trading ?

Posted by WHATMAN On February - 18 - 2010

WHATMAN asked:

Aybody out there know the letimacy of etoro forex trading ?

How Forex Demo Software works? FX Trading software.?

Posted by Jack_J On February - 18 - 2010

Jack_J asked:

Hi All,
I want to know that How exactly Forex Trading works. A search about all the times but confused and want to solve my confusion before start of this business. I has following queries if you can solve it then it will be your great kind help for me.
1- How exactly forex trading works? I have installed software with demo account.
2- From software When I can buy and when I can sell? From where I can get information that this is for sale and How much I am getting/
3- How can I sell? How can I buy?
4- How I will get money or How and were I can deposit money?

I am from UAE want to work from office. I am an employee so Is it good for me.

I am waiting for your replies and valuable information.

Thanks in Advance

William_M asked:

How would the ordinary, average, everyday person go about trading forex for a living? Is it possible to trade ordinary spot-forex and make a good living?

how can i find investors?

Posted by Dominick On February - 18 - 2010

Dominick asked:

looking for people to invest in forex so i can trade for half the profit. average 15,000/month

What are your suggestions on becoming a successful trader?

Posted by Tobito On February - 18 - 2010

Tobito asked:

I need some tips on how to become a better trader. I’ve been trading stocks for a while and I’m starting to learn about trading forex. But I heard it’s a slaughterhouse in the sense that people lose a lot of money going in. How should I prepare myself for losses? What books do you recommend? Thank you!

FOREX M15 EXIT STRATEGY?

Posted by Outlander On February - 18 - 2010

Outlander asked:

Can an experienced trader tell me a good m15 strategy for exit? I was experimenting with a simple moving average (14) cross that seems to get maximum pips. Can someone give some advice for an ideal exit on the m15, trading GBP/USD attempting to catch runners. Thank you

Gamblers get rid of money. A gambler may win for any week, or perhaps a month. A gambler may make an huge volume of money after or twice, but within the end, if he or she keeps betting, all gamblers drop dollars. They can be playing next to the casino. The casino has the many positive aspects and it wouldn’t be in business if it didn’t make cash. Even expert poker and blackjack players reduce cash when they’re playing towards other experts. They make their living by parting a smaller amount skilled avid gamers from their money.

That is significantly the similar way that numerous fund managers and big Wall Street game enthusiasts make their cash. They have all of the facts, coaching, and capital, and after they move the marketplace moves with them. If Wall Street can be a casino then they may be your house, and from the prolonged run your house usually wins. The smaller trader cannot out-gamble the large firms.

But thankfully, betting and trading are not always the same issue. Effective traders have to be prepared to take challenges, but they must not possess the exact same mindset like a gamblers. Wagering is really a game. It really is schemes, and luck, and letting it ride on red. Quite a few person traders do make prolonged expression profits, simply because they are certainly not gambling. These are engaging in intelligent chance management methods. From the immortal words of Kenny Rogers, “You gotta know when to hold ‘em, know when to fold ‘em, and know when to walk aside.”

Forex Trading

So that you can move your trading apart from gambling your trades should be part of a strategy. Traders have to possess a sensible target and a sensible approach to attain that objective. The feasible negative aspects should be analyzed, understood, and minimized. Every exchange strikes must be considered a doable complete reduction. If a investor can not afford a overall reduction on that business then she or he is gambling, due to the fact playing is all about wishing to the very best, and exchanging is all about management and creating intelligent decisions. Each business is often a probability, and that probability must be managed. A productive tactic moves the investor from someone that is hoping to acquire lucky with a human being that’s picking out the path in which failure will be the least probable.

A important way to construct your system would be to incorporate trading into your trades. Trading is loaning your hard earned dollars to a company, country, or other enterprise because you think inside sound fundamentals of that enterprise. The enterprise then uses your hard earned money to invest in by itself and so make greater profits which it may then pass on to you inside type of a better stock worth or dividends. An expenditure of money will not be a sure matter. There exists no ensure that there will not be a winter freeze that destroys a Florida orange crop, or that the government whose currency you’ve invested in will likely not have an unpredicted military coup. But an expenditure is definitely an intelligent determination to help an endeavor that is certainly more in all likelihood to succeed than to fail. Trading as part of your trading method allows to defeat the playing way of thinking because it can be no longer about ups and downs, candles, and charts, but the genuine community where all true wealth is created.

A rule of thumb: in case you feel to yourself, “This deal can be a gamble.” Then will not do it. Simply because it really is not only a business, it really is not an expenditure of money, it is just a gamble. And also you won’t beat property.