Your Questions About For Forex Trading
Wednesday, November 30th, 2011
Joseph asks…
Can anyone tell me their succeed in Forex trading?
i am interested with forex trading? if anyone tell me something then it will be useful for me.
admin answers:
If you get no answers, that fact alone will be the answer.

Donald asks…
Which are the legitimate Forex Trading companies? Which is the authority registering these companies?
I am looking for some legal Forex Trading companies to open account with. There are so many fraud companies in this field which are working without registration and loots the public money.. Also I want to know which is the authority giving regestration for these companies where the list of these regestered companies are published. Any body please help me out!
admin answers:
Great question and great timing.
Although there is no official regulatory agency that has hold of the reigns of the “spot Forex” marketplace the NFA (National Futures Association) has regulatory responsibility for the “Forex futures” market. Since the “spot Forex” market is currently resembling the wild west with some questionable players popping up every day a number of Forex brokers are establishing processes so as to be “compliant with NFA policies and regulations”.
There are current rumors that the NFA will soon require a certain level of financial stability and available funds so that brokers are able to support their operations during irregular markets. Currently a broker can simply close up shop and sail into the sunset with whatever money they can.
A Forex colleague of mine has shared with us a government report indicating the financial stability of 170 Forex brokerages. The consensous seems to be that the NFA will require $5M in available funds within the next couple of months and up to $9M by the end of the year.
Send me your email address and I would be happy to share this report with you and you can see where your broker stands.
Paul

Richard asks…
What control one investor has over his broker in Forex trading when the parties agree to share the P&L.?
My friend has opened an account with a Forex broker and invested about $20,000 in and given his password to the broker to dead. It’s about a year now and his investment has come down to 12,000.
The broker committed to share the profit and loss of the investment.
My friend didn’t research much before the investment and still undecided what to do with his investment. The broker now a days doesn’t receive his phone.
I would appreciate if someone has some advice for my friend. Thanks.
admin answers:
I am trying to learn some about Forex trading also. I found this site, which may be helpful.

Robert asks…
How much can i make from forex trading?
if i opened a managed acount for the professionals to do it for me. with the amount of 25,000 to began with.
admin answers:
If you open an account with a managed Forex service you will make about 75% of whatever they are capable of making for you. Personally, I would never entrust my hard earned money to someone that has no consequences if they lose it all. Remember there is very little current regulatory oversight on managed accounts and some have been found to be less than honest.
There are conservative Forex investment strategies that you can utilize to manage your own account. You should at least try a couple of these with a free demo account and see if that might be a better option for you. I you were to earn 6% per month with a conservative Forex investment strategy, you would double your money every 12 months. The best part is that you have total control of your own money at all times.
Be careful and best wishes.
Paul

Ken asks…
Anyone looking for a forex trading partner. I want to start trading the London session?
Trading is a very lonely venture and trying to stay up in the early morning to trade can be a bit difficult. Having a trading buddy would be a good way to go. So if anyone is interested please contact me at sonettew@yahoo.com
admin answers:
Hello, you may want to consider becoming part of a Forex Comnunity. This will give you access to tons of partners and people you can work with and share ideas with. You can then build rapport with someone to become your partner. As an added bonus you can participate in their no risk trading program where they will allow you to trade a live account using any system you want and if you lose there is no penalty. If you make money you keep 25% of what you make. This can help you test different strategies. You can learn more from the first link below. If you are open to reviewing a system you can review the second link. I hope that helps.
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