admin answers:

As a 10+ year Forex trader, here is how I trade to make money…

If you want, you can also 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) Don’t add any strategy that makes less than 10 average pips per trade.
6) …when adding strategies, set maximum number of trades to 5, and…
7) …select lot size of 0.1 “mini” lots for each $1000 in your account. It will trade automatically, following all those top 20 strategies.
9) Then sit back, relax and take a vacation as you make easy Forex money.

admin answers:

1. Open a demo account.
2. Practise on it for a month or two.
3. Get thoroughly acquainted with the platform, system and methods.
4. Try different demo acounts with forex companies online.
5. After you’ve trained with your demo account, move on to a real account for live trading.
6. Choose a good broker (eg InterbankFX) supporting the Meta Trader platform. Ask for one that offers a good leverage. It’s your key to profiting from the forex markets.

If you are looking for the best forex software, visit this site

http://the-best-forex-software-in-internet.blogspot.com/

This software is the best software that can help increase your trading profit and user friendly.

Best Wishes,

admin answers:

In order to run/operate as a Forex dealer whether on-line or off-line, one is required to register with the industry regulator, the National Futures Association (NFA).

How to register w/ NFA

http://www.nfa.futures.org/NFA-registration/index.html

Annual NFA registration and regulator fees, membership and dues

http://www.nfa.futures.org/NFA-registration/NFA-membership-and-dues.HTML

Contact/ questions for NFA

http://www.nfa.futures.org/NFA-about-nfa/contact-us.html

Not just anyone can do this. If you have no experience in being a prior or current registered principle in this area, or have significant experience, or meet capital requirements, it will be extremely challenging to register w/ the NFA.

One is advised to seek legal council with expertise in this area through this entire process and ongoing compliance.

admin answers:

Hi,

Here’s the truth: If you want to become a successful forex trader, you must…

1) Always stay humble – Realize that at any given moment, you have the capacity to do serious and permanent damage to your forex account. In the blink of an eye, you can and will have your account wiped out if you are an undisciplined trader.

2) Limit your risk – Proper money management is the key to the long term survival of your account. Only risk a tiny percent of your account on any given trade( I usually risk 1-2% on any one trade). I recommend stop losses at all times.

3) Never be greedy – Always take small gains and small losses. With discipline and training, you can easily learn to be profitable with a 50/50, or even lower, win/ loss ratio.

4) Invest in your forex education – Learn to be a good technical trader. Study pivot points, support, resistance, and trend lines. Through my own forex training, I’ve learned that all of the “get rich quick” systems and strategies will work one day, and not the next. Some are designed for trending markets while others work when the currencies are trading in a range. I’ve seen many accounts blown up from using a system that was touted as the ‘latest and greatest’.

There are quite a few forex training courses on the market. I’ve studied and reviewed many of them. As a matter of fact, I just finished studying a course called “Forex Commander” , which cost me $2000. There was a lot of great information in that course, but I still felt $2,000 was a little pricey.

I’ve reviewed a couple of my favorite forex training courses at my site listed below. I also talk about how I lost $10,000 one time in less than 24 hours. It was a learning experience for sure.

Hope this information helps,

Dennis

admin answers:

May Be this Site Will Help you but not sure

admin answers:

I am not too sure abt the levels//

it depends on various parameters like FDI, balance of payments and trade deficit/surplus, the external borrowings..

admin answers:

Try to search at http://www.mininova.org/

there is some good software!

admin answers:

For the stochastic, when it is above 80, that “could” mean that it is high, and thus a possible place it may go back down again, if the market is in a flat range (otherwise called a consolidation). In the same way, if the stochastic is low below 20, it could mean that the market may go back up again, if it is consolidating. But if the market is trending, then the stochastic may only be useful to use to trade in the same direction as the trend. As for the two different lines, that means very little. One line is slightly slower than the other, that’s all. Some people might use that to wait for a “cross” where the faster line crosses over the slower line. But I highly doubt that that is of any use in the Forex, since any kind of tiny indication like that is hardly going to be effective in such a chaotic and random market like the Forex.

To be successful with the Forex, you need two things strategy-wise…
1) You need a strategy. They are NOT as hard to come by as people suggest, in fact, you can select from a list of 8000 of them right here: http://tinyurl.com/3tcla4v
2) Then you need good money management. Even with the best strategy, if you trade too large of lots, or you do poor money management (aka impatience, greed, etc) you’ll blow your account.

I suggest that you open a demo account at the above link, and add ALL of the top 20 strategies to it, and let the demo run for a month or so. If it does well after a month, you can then weed out any of the strategies that didn’t do so well at that point. I suggest following multiple strategies rather than just one, because more strategies = more stability. Any strategy can go bad at any time, no matter how good it’s done in the past. But following multiple good strategies means that if several go bad, you’re still in the green.

If it does well after a month or two and you are ready to go live, then I highly advise you to NOT put a large amount of money in to start. If you have a lot of money, put it in gradually. Start with around $2000, and then let that go for a month or more. IF it is in the green after a month, then add more money if you wish, and gradually increase the lot sizes as you gradually add more money. Never add money in if it has lost money. In other words, never add money to make up for a loss. If the account has a loss, it must make that loss back on it’s OWN, not by YOU adding your own money in! And that takes a lot of patience because some times it can take it a while to make it back, and during that time, you have to wait. So patience is key. But For example, if you have a hundred thousand dollars to put into the Forex, I would say it should take you 6 months to a year to get it all uploaded into the Forex. Because you start with 2k, then let than run a month. And if it does well, then you double it, and let that run another month. And if that also does well, then you double it again, etc. It’s much safer that way, because if you do some horrible miscalculation, most likely you’ll have the loss early when your account is just $2000, rather than lose your whole $100,000!

Also, be sure to go with a no dealing desk broker, like FXCM. I hope all this info helps. If you have any questions, you are welcome to private message me anytime.

admin answers:

No never heard of them. Sorry!!

admin answers:

I don’t think forex market is a good ideal, there are no regulation which mean those crook could steal your money.

admin answers:

I’m not sure about specific courses but here are some links to websites that are known for proven stock and option trading tools. They have some courses you can sign up for.

Www.investools.com

www.shadowtrader.net

www.thinkorswim.com

admin answers:

I can best recommend this site to you. It is actually considered as one of the world’s leading forex trading sites. They provide each trader a personal Account Service Manager with whom you can talk LIVE over the phone, email or chat as you like. You will never be left alone on your first trading days as your Account Service manager will always be there to be your mentor, adviser, friend and trading partner. And you can always interact with other expert forex traders in their chat room. For a minimum deposit of $100 you can start trading immediately. You can use your Credit Card to fund your account which is a lot convenient for you. They can even set your Stop Loss rates so that you can earn unlimited gains but not lose more than your authorized amount.

Start by registering and downloading a Free Ebook. Being a newbie you need to read a lot first to learn the trade.

admin answers:

No, The concept of leverage increases the trader’s initial investment, or margin, by hundreds of percent. This initial sum is considered a deposit in “good faith” which establishes the ratio of leverage, and helps the trader withstand his losses, which, in any case, cannot be higher than the sum of the margin. A $100 deposit would give the trader $20,000 or more in margin on the various Forex Platforms.

See ya

admin answers:

Go to a library or bookstore. Then if there’s something you don’t understand, ask a question. For a forum like this, you really need to be more specific.

admin answers:

Yes, you can make 1000 dollars a day with forex trading. However, Forex Trading involves substantial risk of loss, and may not be suitable for everyone.

Learn Step-by-Step How To Make Money with Forex Trading:

http://online-fx-trading.net/what-is-forex