Archive for August, 2011
Wednesday, August 31st, 2011
Thomas asks…
how come the chart does not work in the older forex trading?
I used to trade in the older version of Forex trading platform and they have live chart next to the position and now it is replaced with a calendar. But now it doesn’t work and not available. But is available in Forex Pro but I don’t liked it because it’s not the same.
admin answers:
Be advised that “forex trading” is GAMBLING!
You have absolutely NO input into the system, you are just
Gambling on things that may or may NOT happen
You may as well take your money to Vegas …
Lisa asks…
Is this brand new forex trading concept works ? see URL http://www.cocoonz.net/track/go.php?c=yhfrg?
See URL http://www.cocoonz.net/track/go.php?c=yhfrg for program detail. Many have traded sucessfully using this concept. I am just skeptical here as how can one trading forex without looking at charts and research. Has anyone used it before?
admin answers:
Using the Mtpredictor’s technical analysis Elliot Wave Principle software, Bsmtprediction provides Forex Traders with FREE access to AUD/USD, EUR/GBP, GBP/USD, EUR/USD, NZD/USD, USD/CAD, USD/CHF, EUR/JPY, GBP/JPY & USD/JPY daily currency 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 time frame 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 surfaces the net..
Joseph asks…
Suitable Forex stop loss day trading m5?
I am stuck between using a 5 or 10 pip stop trading the m5 charts, please help! My stratgey is based on break of support/resistance, therefore I believe a tighter stop could be used because if price is going to breakout it should not be turning back 10 pips. However I need someone experiencd to help?
admin answers:
On the 5 min – I’m guessing you’re trading one of the major pairs like the EUR/USD. The answer really depends on what swings you’re playing
My advice would be to
control risk/reward – don’t have your stop at 10 pips if you only expect to make 5. It should be at the very, very least 10 and preferably much more.
Watch the markets and try to define where the best “point” to place the stop – this is the price at which if it is hit your target will likely not be hit. For trades similar to yours I put them around the 80% retracement of the prior swing (I think there is a fib like .782 which I used but haven’t traded since the summer).
Really, just watch the market, watch the market, watch the market, be creative, be smart, and protect your money.
Mandy asks…
If FOREX trading is suppose to 24hrs trading, why is there a daily chart?
admin answers:
A day is a 24 hour period, whether trading stops or not. There have been hourly charts and 1-minute charts for years. Whatever period a trader finds useful.
Forex needs a cutoff each day for accounting and interest adjustments. This means 5PM New York time because 5PM is the end of the banks and New York is the last currency trading center to be open. The day starts at the international date line and the first banking center is Sidney, then the Asian banks and then European banks open.
Lizzie asks…
what is tha potential of makng cash trading forex on a 15-30 mins chart?
forex traders can answer this
admin answers:
Yes there is potential.
Trade the news. Know the times the economic data is coming out and guess which way the chart is going to react.
Use technicals: candlesticks, support/resistance, EMA & MACD or RSI.
Good Luck.
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Tags: Currency Forecasts, Day Trading, E Mail, Elliot Wave, Forex Traders, Forex Trading, Free Access, Google, Google Groups, Jpy, Mtpredictor, Pip, Profit Target, Program Detail, Sent Mail, Stop Loss, Time Frame, Timeframe, Trading Forex, Trading Platform, Wave Principle
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Wednesday, August 31st, 2011
I would like to trade USD / CLP pair but I can not find a program that offers it. Right now I use GFT's Deal Book 360 and Meta Trader 4 but does not offer that option. Could there be a way to add a custom pair for any of these platforms? Thanks in advance. Well, I have your answer here. I have not yet encountered a Forex broker that offers USD / CLP in my years of trading, the CLP is just not a popular currency trading, the daily fluctuations is very limited and it will be very difficult to make a profit. By the way, it is not possible to tailor make currency pairs that do not exist. That must be what is offered by your forex broker. Good luck in trading.
Tags: Currency Pairs, Custom Pair, Fluctuations, Forex Broker, Forex Software, Good Luck, Meta, Platforms, Thanks In Advance
Posted in Forex Trading System | 1 Comment »
Tuesday, August 30th, 2011
Donna asks…
Can anyone suggest good FOREX training courses?
I know little to nothing about Forex, never have invested in it but have a few extra dolars that I would like to invest and though about FOREX as an option. Can anyone suggest any good training courses?
thanks for the input!
admin answers:
Yes this one is excellent – gulliblefools.com
Maria asks…
What is the best forex training course I can buy? What is the best book on forex trading?
I am a beginner who wish to learn before forex trading. Thank You.
admin answers:
I don’t know about buying a forex training course when theres so many resources on forex online. Here are some of the sites that i use to teach me more about forex/sharetrading. The websites below have very helpful resources regarding currency trading & theyre all free! I’ve personally found them very useful in learning about forex trading and its sharetrading counterpart.
Laura asks…
Any good forex training course?
What forex training coures have you joined?And how about it?Or you know some very good forex education course in Malaysia?by the way,I need a course in English or Chinese.
admin answers:
Hello,
Funny… I just made a post 2mn ago saying that I found a new portal for forex trading education. In there, i found interesting forex articles, a free ebook about the basics of forex trading, reviews of expert advisors and also a newsletter (they send you an additional forex ebook and tips to learn forex).
I very much liked this forex portal!
Here you can download their free forex ebook:
http://www.forexface.com/free-forex-ebook.php
Best of luck,
Jeff
Donald asks…
Are there any good forex training tools out there?
I’m new, but the research I’ve done indicates currency trading is a viable way to make money.
admin answers:
Check out the Forex Ultimate System.
The purpose of the “Forex Ultimate System” by Bob Iaccino is to make money in currency trading. Whether you are new to Forex or a seasoned veteran, Bob has put together a step-by-step video guide to help teach you how to make money.
Betty asks…
What is the best forex training course for learning to trade the forex market?
admin answers:
Forex trading is not easy, only less than 10% of forex traders are able to make money from forex trading.
If you are interested to trade forex, I suggest you to sign up for a demo account. Trade until you able to consistently making profit before trading with your hard earned money.
Besides that, I suggest you go through these articles for Forex newbie.
Http://www.forex2u.com/guide/category/forex-newbie/
Good luck.
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Tags: Amp, Best Of Luck, Counterpart, Currency Trading, Dolars, Download Ebook, Education Course, Expert Advisors, Forex Articles, Forex Trading, Forex Training, Free Ebook, Free Forex, Helpful Resources, Invest, Portal, Seasoned Veteran, Trading Education, Training Courses, Training Tools, Ultimate System
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