Your Questions About Trade Forex For Others
Friday, September 30th, 2011
Sandra asks…
What is Best Forex Indicator?
I’ve been trading FOREX in a while, I used various inidcators such as MAs, Stochastic, MACD, RSI, and countless others.
However, none of them really works well for me in most cases.
MAs cross-over is hard to predict. Always fit better after the facts. For example, like MA (9) crosses MA (14) or MA (14) crosses MA (32) , I even tested many other flavors of MAs claimed offer faster and smoothier movements. Of course, if MA (9) didn’t cross MA (14) and failed to your expectation of the movement, MA (3) crossed over MA (9)…
Can you tell me other Forex trading indicators? What is best forex indicator?
admin answers:
There are three real-time moving indicators: Price, Volume, and of course Time.
Most traders focused on PRICE indicator and hundreds of other indicators derived from it, they miss two other important indicators – VOLUME and TIME. What moves the price? VOLUME and the forces driving the volume. How to see price movement? Over TIME. You need to observe Price, Volume, Time and their dynamic interactions.
The best Forex indicator (or for any other financial market) is Market Profile. More information on market profile trading can be found at:
http://www.squidoo.com/stock_technical_analysis
Or Google search “simple best technical indicator”.
Cheers!
Laura asks…
Can someone help with Forex trading?
I am looking for a mentor to help me out with Forex Trading. I mentor others in stock and option investments and am curious about forex but need some help to learn. PLEASE DO NOT reply with trading robots, I will report you as spam!!!! I am tired of the ads on here and am looking for legitimate help with transactions and charting. Anyone willing to help a fellow trader?
admin answers:
I’ve been trading for 4 years. The thing I can tell you for sure is that you don’t want to get involved in FOREX unless you have cash to lose. The reason I say that isn’t because you are guaranteed to lose money long term but you are sure to short term, while you are learning. I can go over the differences of FOREX to the stock market and the very important differences if you’d like.
You are so right about bots..NONE of them work. Sure, some can work short term but the problem for the programmers is that the FOREX market is so liquid that the market never stays the same for very long. A strategy that works solid for 6 months on a currency pair can suddenly throw off bad trade after bad trade. You definitely need a human at the helm.
My handle on FOREXTSD (The best forex forum) is CycleSurfer.
I don’t know what strategy you are planning to learn about or what time frame but here’s a look at one strategy that can be profitable in FOREX:
Susan asks…
Where to learn about forex?
I need a website that can teach me about anything related to forex. I’ve tried going to forexfactory but stuff I got there are pretty advance for me and I am not allowed to open new threads because of some bullshit reason.
So all in all, tell me the best site for learning how to trade other than forexfactory.
And no, I don’t need to know easy ways to make money with forex. I’m looking for places to LEARN everything there is to know about forex.
admin answers:
Why learn to trade the Forex the HARD way like most people who LOSE their money, when you can profit in the Forex the easy way?
Just follow these steps. I’ve dumbed it down to the easiest, yet safest way to win in the Forex.
1) Open a live account at http://bit.ly/iPV25O
2) Select AAAFx broker, and open MICRO account with 200:1 leverage.
3) Deposit at least $300 in your account to start.
4) “Add to Portfolio” the top 20 strategies at http://bit.ly/mJiyZV
5) …when adding strategies, set maximum number of trades to 5, and…
6) …select lot size of 0.1 “mini” lots for each $1000 in your account.
7) It will trade automatically, following all those top 20 strategies. 
Then sit back, relax and take a vacation as you make easy Forex money.
Donna asks…
Is Forex and most other financial trading wrong or sinful for Christians?
I have stopped trading Forex altogether because I have developed serious ethical problems as a Christian with it.
Most types of financial trading are a zero sum game, even a negative sum game. It produces NOTHING of value, no goods or services, and no wealth is created like in Stock Trading. The net change in total wealth among traders is zero at the end of the day (sometimes even less!) – the wealth is just SHIFTED from one trader to another! (Reallocation of wealth.)
It is far too close to gambling for me (some skill, a lot of chance), and you make gains ONLY at another’s expense! Jesus said that we should love our neighbor as we love ourselves. How can you do that when you profit only at somebody else’s expense? It is a violation of Jesus’ most basic commandment for humanity. And to give to worthy causes from Forex earnings may be great, but the end never justifies the means! I personally consider Forex now essentially a form of legalized stealing and robbery. The experienced Forex trader is committed to “fleecing” those who are inexperienced!
Don’t pray and ask God to help you with your financial trading – he won’t! Don’t be deceived.
An agnostic has even said: “In Forex you’re not doing any useful work, and you’re hoping to make a lot of money from it, right? Isn’t this really like stealing from the public? You’re hoping to get a lot of money from moving currencies around, and you’re not giving the world anything in return – except moving some currencies around. I think that’s just like theft.”
Think carefully about what I have said. I don’t know if anybody can convince me otherwise/refute my arguments?
When I say God won’t help you with your financial trading, I don’t mean all trading. I mean trading that tends to be morally wrong. I tried it, while praying a lot about it, and in the end still lost most of my capital. I don’t think God will get involved in practices that are very speculative and close to gambling. It is simply against His Word.
admin answers:
This is unusual to be phrased from a “Christian” standpoint, but I hear this same conclusion often.
The fact is 90% of all traders lose, whether Christian or not. Trading is as much a psychological challenge as anything, which most people will never master. This means they will NEVER master trading, until they address this issue. Either they don’t use money management or stops, or are undercapitalized or overtrade or don’t have a trading plan or the proper knowledge for the right market or the right timeframe or use the inicators properly, etc. It goes on and on. There is no other profession that is so challenging.
Most people never even figure out that the future cannot be known. You hear them asking if the market will be up or down tomorrow or higher at the close, or what is a good investment? Fact is, the future is uncertain. Most people have a problem with uncertainty and cannot reconcile this uncertainty with their fear and hope and need to be in control.
To protect their ego, many people conclude it cannot be done, or there is some sort of conspiracy, or it’s a rigged game, or God dosn’t approve. They refuse to see they are mostly hoping and wishing, which is another function of fear.
Have some more Hopium! See if that helps.
Many traders react to uncertainty by hoping it would just go away. They fruitlessly try to deny the implications of change and uncertain direction. But change is commonplace in trading, and it’s vital that you accept change and think of creative ways to deal with it. You must learn to accept the market on its own terms; hope must go out the window. After a trade is put on, it will do what it will do, and no amount of hope or fear will change it. Without a firm committment to this psychology, if you chase your tail in worry, the markets will eat you alive. If you failed, then your trading plan needs to be revised or you didn’t have one in the first place.
You can literally gamble on anything. You can certainly approach the stock market with a gambling mentality.
In most jobs you can be dishonest or not, diligent and responsible or not, and slide by without knowing much or doing much; worse than a gambling attitude, in my opinion. There is a lot of this type of dishonesty and irresponsiblesness in Christians as well as others, but the others aren’t hypocrites about it.
Trading will depend on your honesty with yourself, and your ability to change. Your persistence and determination to succeed is, in the final analysis, the critical element, and how well you persevere.
One of the most important Samurai texts ever written, by Miyamoto Musashi, “The Book of the Five Rings (1643)”, offers this advice: “Think of what is right and true. Learn to see everything accurately. Become aware of what is not obvious. Be careful even in small matters. Do not do anything useless.”
There can be no great success in trading (life) without great commitment, hard work, discipline, and the realization of the “right” type of thinking.
There are so many places you can go wrong, and only a few right ways of thinking will help you. Your ability to concentrate fully and intensely can mean the difference between consistently taking home huge profits and barely staying above water. It’s vital that you pay attention to multiple sources of information, sift through them, prioritize each separate piece, and make an astute decision once all information has been scrutinized. You can’t be distracted and unfocused while formulating a trading plan or monitoring an ongoing trade.
Because you can’t paint a petty picture means that God’s purpose for you lies elsewhere, not that painting is unchristian. Read Stock Market Wizards, and you’ll find that every one of them lost everything multiple times before finally figuring it out. Maybe you jumped conclusions or were presumptuous and quit too early, before learning what it takes to be a trader.
From: Atlas Shrugged
” . . . The moral symbol of respect for human beings, is the trader. We, who live by values, not by loot, are traders, both in matter and in spirit. A trader is a man who earns what he gets and does not give or take the undeserved. A trader does not ask to be paid for his failures, nor does he ask to be loved for his flaws. A trader does not squander his body as fodder or his soul as alms. Just as he does not give his work except in trade for material values, so he does not give the values of his spirit – his love, his friendship, his esteem – except in payment and in trade for human virtues, in payment for his own selfish pleasure, which he receives from men he can respect.”
Paul asks…
How can i get investors ?
I am a good forex traders, i made very good profit in forex trading on demo accounts of many brokers ….i dont have much money to invest fore real account, i am ready to trade for others who is willing to invest for forex ?
how can i get investors ?
admin answers:
Show two years of audited successful results with live accounts and maybe someone would talk with you. There is no way that anyone will invest money with a “good Forex trader” just so that you can make money off of their money. What possible guarantees or assurances would they possibly have? If the market turns against you ( which you know it will if you have been trading for more than 2 months)they lose all their money and you lose nothing.
You need to offer something better than that.
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Yeah so what do real work floor trading on runescape: S? If they did trade limit how people still get RS gold online and items from gold farming websites? How is it possible to trade items? Thanks best answer to answer my question gets 5 stars. I think I found an answer. Ok, I will list the order in which these real-world trading practices emerged, and also what methods Jagex took to prevent them. And no, I do not have exact dates, not even rough estimates, but I guess all that matters is the present. For example, I rs gold farmers, who sell gold to you. If I Wana sell items, I find simply no way to transfer gold to your account, and buying the item removed from my GP. – People were real world trading simply by trading. Piece of cake. You give me any money, credit cards / paypal / watever we train, and we find each other in RuneScape, and I trade you what you bought, be it GP or objects. – Jagex added GE and trading limits, preventing extreme value trading – (PVP has already been created) (Player vs. Player, as bounty hunters or PvP) – Fair trade is with PvP. We can use the clan wars. We can also meet on a PvP world, I wear, say, 5m, you kill me, I retaliate, you get my drops (5m GP) – Pvp Drop Tables created, to prevent objects from being valid for PvP kills drops. This includes, in general, very valuable items, and also prevents large amounts of GP as drops. Since creating the EP, to prevent people from PvP to make money too fast – FEI method (I think that's what it's called, may want to check this) you give me your username / password, or I can explain this process , and we have it together (though that's much slower). I log on each acount. I find some items, such as snakeskin or 1m + items that have little or no trading going on. At GE, I sell the lowest price, buy it. You then switch back to me on MED or high price. It takes a while, the most it takes 10 hours to double your money – Jagex implemented a GE Buying boundary where you can not buy too much of an object, varying in how general it is, etc. In addition, you must wait four hours after buyin something to give before you can sell back – Patience Gold – I do not think any official trusted site using this yet, but I think it looks into it. Jagex allows users friended for a certain time up to quadruple in which trading limit. You must have a decent amount of Quest Points, and we are friends to each other. We wait a couple months, and our trading limit might be around 250k every 15 minutes, giving 1m/hr. Effective for small trade, does not work well for mass gp trading now, is the most effective method FEI method with a large variety of articles, and many different accounts, there are several trusted sites, I think gold4rs. Com is the best. Still, beware of sites that sell gold for very cheap, as 1m / $ 1 because they are probably fakes. Expect GP prices at 1 m / $ 6 Hope this helps: D
