admin answers:

As with any market… It is if you understand it, you can make healthy returns – but there are risks. Particularly for the novice investor, though, its been very associated with “scams” in recent years.

I suspect if you are posting a question like that, then the answer is no.

admin answers:

Ha! The Forex Market a dangerous one? It won’t kill you physically but it could maim or seriously damage your financial health!

Basic tips about forex:
1. Have a plan
2. Have a plan
3. Have a plan

A plan is important, you must have an entry execution plan, a trading plan (while the trade is on) and an exit plan. With the plan you must have a stop loss, and its up to you to have a profit target or not depending on your system.

admin answers:

Supra Forex has been working well for me, especially the new daily signals.

admin answers:

This website is a must to see for all forex traders, particularly, beginners. It will lead you to a leading, reputable and reliable forex broker with regional offices worldwide in the usa, canada, uk, europe, australia, middle east and asia. For one, you may download a free forex ebook for your reading and a free demo account for constant practice. Two, they have both a daily and weekly outlook giving important news, insights and updates of the forex market. Three, they have an Info Center where you can read through for any information you want about forex trading. Four, they have developed innovative tools exclusively for their trader’s use in analysing and foecasting currency trends and structures. Fifth, they provide, also for free, every trader a dedicated personal account service manager or asm as mentor and consultant where you may discuss anything about your trades and requirements via phone, email, chat or even personal meeting if available in your area. Plus a lot more trading features unique from other brokers. All the best.

admin answers:

I don’t think you understand the concept of ‘volatility’.

For example, the 10 day historic vol of the GBP on 16 July 1999 was 5.7%. Today (16 July 2009) it is 13.4%. I have no idea where you get the idea that there is no volatility in the forex market.

The last price of the VIX is 25.89 as at close of 15 July. A decade ago, on 15 July 1999 it was at 18.68. The world economy came out of the Asian crises where the VIX peaked at 45.75 on 10 August 1998. Again it went up to a new high of 80.86 on 20 November 2008.

As a general rule, volatility is highest running up and during a crises and will come down when the cises is coming to an end.

admin answers:

Http://www.babypips.com for the info you need as a beginner.

But 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.

admin answers:

There are some online forex brokers that will allow you to start trading with $50, even less. Just be careful and don’t rush with forex. Take time to learn as much as you can. Forex trading can be very risky.

admin answers:

ACM has 50 currency different pairs:

http://www.ac-markets.com/online-forex/spread-rates.aspx

See if any of these is what you are looking for.
Regards!

admin answers:

Try my site Funky Forex for general information and learning… I just wrote a 100+ page book on getting started in forex trading that you can download for free. (Cheap self-promotion

admin answers:

I would be careful about which forex systems you look into buying because there’s a lot of scams out there which you can get burnt from.

I would suggest taking a look at some reviews before you make any decisions because some of the systems you’re going to see are less than satisfactory (no matter what the site suggests).

When I was looking for a Forex system, I found http://www.fxsystemscompared.com which has reviewed all the top forex systems and given them HONEST and UNBIASED reviews based on actual customer comments online.

For me, reading what they had to say made parting with my cash a no-brainer.

Hope this helps?

admin answers:

Try either ThinkOrSwim who have a very good Java platform (not web based) or Interactive Brokers also Java but a little harder to work. To get live prices to paper trade you will need to fund the account.

admin answers:

The stop is set where it will prove your trade wrong.

If you chase the market and get in late on an extended run, the stop will have to be placed at some ridiculously extended place way away from where you entered, and your risk and the amount you can lose will be some ridiculously large amount.

Alternatively, if you buy on a pullback at the MA or at a Fibonacci level or Double Bottom or some other type of support, then you will be proved wrong if that support is broken, and the stop can be placed relatively close below that support level. One caveat though: you don’t want to put your stop where many others place their stops, where they tend to accumulate, because then you’re just asking to have your stop picked in groups.

Most beginners place their stops as close as possible to keep from losing very much money. That is all wrong. If you’re afraid of losing money, just stop trading; scared traders lose. And a close stop will almost guarantee that you lose. You’ve probably already seen this and didn’t learn from it, when you were right on direction, but got stopped out on the slightest pullback.

It’s all about entry. Get a good entry and your risk is small. Hesitate and get a bad entry, and risk is too great, and you should pass until you can get your entry right, and set the stop within manageable parameters.

admin answers:

Well, one good strategy is to trade them on the futures market, since futures aren’t traded on the stock market.

admin answers:

For options, check out the Options Institute and other sites under “Learning Center” at the CBOE:

http://www.cboe.com/

Be certain to download, read and understand “Taxes and Investing” from the CBOE website:

http://www.cboe.com/LearnCenter/Workbench/pdfs/TaxesandInvesting.pdf

Here are some links for futures:

http://www.cftc.gov/educationcenter/index.htm

http://www.crbtrader.com/trader/v09n01/v09n01a06.asp

http://www.crbtrader.com/pubs/understanding.asp

See “free trading course” at this site:

http://www.ino.com/

Be certain to read Jim Rogers’ “Hot Commodities:”

http://www.jimrogers.com/

If you don’t have an account yet, you might want to check out Interactive Brokers (you won’t beat their prices and trading platform, especially for options; the site also offers education links):

http://individuals.interactivebrokers.com/en/main.php

Site tutorial:

http://www.interactivebrokers.com/en/software/twsTutorial.php

Start very cautiously unless you have a financial suicide wish! You have so much to learn and you want to minimize the cost of your coming education.

admin answers:

Ohhh… Careful… Futures is one of the few places you can actually lose more than the amount you invested!

If you don’t know what these orders are, then I would advise that you trade stock for a while, to get used to them. Stocks are bad enough.. But futures are like stocks on crack & meth & whatever other drugs make you crazy!

Anyway:

Stop: STOP! Get me out! The price is going down and I want OUT ! ( so the price is 10 right now.. You put a Stop at 9, so that if it goes down to 5, you got out at 9! But as long as it’s above $9… You stay in, and make lots of cash)

Market: Slay me! Take all my money, I don’t care! I want it NOW! ( Market orders say – I know what I want, I want it now, just give me the best price out there, I don’t care what the price is )

Limit: Wait! I know I want it… But c’mon, I don’t want to pay more than $12 for it! ( Limit orders say you’ll take it for $12 or less… But not a penny more )

MOC: forget it, don’t do it, this one is just plain dumb… Worse than Market, this is Market On Close.. ( that means I want some, but wait until the market closes and then buy me some… I REALLY don’t give a hoot what it might cost me! )

Again: if you don’t know what these order types are… You need to trade stocks for a year and forget about Futures for now… Or you’ll be forgetting about all the money you used to have…..

Good luck!