Author Archive
Wednesday, February 1st, 2012
Ken asks…
What college major is best suited to landing an FX trading job?
I am a high school senior who is highly interested in becoming a FX trader. I have been accepted into the University of Illinois Engineering department and the University of Michigan Engineering department. I am aware that traders need good quantitative skills, so I was wondering what major would be best. Should I study finance, economics, mathematics, computer science or engineering? Should I minor in any of these subjects? I am currently inclined to double major in Finance and Mathematics of Finance and Risk Management at U of M. Furthermore, I hope to study abroad at Oxford for a year and study mathematics and statistics. I have also been trading my own FX account with great success and will (hopefully) continue to do so through college. Is this good preperation for landing a job as a trader? Is there anything I should do differently or additionally?
I appreciate any knowledgeable insights. Thanks!
admin answers:
All I say is go to U of I over the U of M, because I am going there next year!
Laura asks…
What is a Foreign Exchange Trader…with an emphasis in International Agriculture?
My adviser suggested this career since I am interested in agriculture (and have an agriculture background) and I am interested in travel (and have traveled a lot). I just have not been able to find much information on what an FX trader would do if they are majoring on the Ag side of things. Also, wanting to know how demanding it is, as I am married with a one year old and family come first.
Thank you.
Thank you. I do agree that traveling and being a mother to a one year old is not very realistic at all.
So I take it FX traders do have to travel a lot? Even when one is wanting to look more towards the Ag side of it? You talked about working for a domesticated farming assoc. Are you able to go into detail a little more on that? Or do you know what I could google to find more on it.
Thanks again.
admin answers:
If you are the mother of 1 y.o., then travel is a really bad idea.
Foreign Exchange usually means trading currencies, which is done in the organized exchanges in New York, London, Frankfurt, etc.
Agricultural trader would importing or exporting agricultural products. You might be working for a major grocery chain or food wholesaler, or some kind of domestic farming association.
Susan asks…
i m looking for FX traders here and i would like to know that is it a double top tht i m looking at Euro/Usd?
admin answers:
Yes indeed, a Double Top on the EUR/USD.
Throws a little cold water on the theory “USD weakness through the summer,” doesn’t it?
It ran right up to the .618 retracement of the decline, then backed off to the 50% level. Sort of running in place now, back and forth, trying to figure out which way to go.
Oh, hi, miztenasty, didn’t realize that was you.
The hot pair today was the USD/CAD. When the Bank of Canada decided not to raise interest rates and made the announcement at 9:00 AM, the pair broke out of a 300 pip trading range for a fundamental shift in direction.
Since this morning, there has been USD weakness across the board, but the CAD is just laying there, confirming the breakout so far.
James asks…
can someone out there tell me about fx ring leader? have you used their service b4?
i heard its profitable. what about Fxswing traders?
admin answers:
If you are looking for a legitimate, reliable, trusted forex site, i highly recommend you visit the site below. This is one of the leaders in this business. They provide a personal Account Service Manager to ensure that every trader, new or experienced will be guided accordingly and is always available to answer all your technical questions as well as will trade along with you to also ensure that you get familiar with their system. Register for a start and download a Free Ebook for your reading.
Carol asks…
What is a Derivates Sales broker/ FX Sales Broker / Stock sales Broker?
Hi ALL
I know a TRADER is someone that gets money from people and puts it into the stock market, however what is the role of a stock broker, a sales broker, and those ive listed above?
I get the impression they have to do some form of cold calling to get clients but from where? how exactly does this role work?
thanks
admin answers:
FX is foreign exchange broker in the financial field
Deviates Sales is to allow people to by bond and shares
Stock broker is a regulated professional broker who buys and sells shares and other securities through market makers or Agency Only Firms on behalf of investors
Sales broker is general selling of Equipment, car, computers etc
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Tags: Adviser, Computer Science, Engineering Department, Farming, Finance Economics, Foreign Exchange Trader, Fx Trading, Google, Illinois Engineering, Insights, International Agriculture, Mathematics Computer, Mathematics Of Finance, Michigan Engineering, Oxford, Quantitative Skills, Risk Management, Study Mathematics, University Of Illinois, University Of Michigan
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Tuesday, January 31st, 2012
Joseph asks…
I want to open an investment account for foreign currency.?
This account if for long term and I dont want to be day trading it. Would like to have an account opened for a couple hundred dollars and be able to add to it each month. Does anyone know of a place where I can do this?
admin answers:
Http://www.InteractiveBrokers.com
Laura asks…
Do I need an account with Bank of America in order to exchange foreign currency at one of their locations?
Do I? I have several thousand Mexican Pesos that I want to exchange for US dollars, but do I need an account with them? Can I Just go into a Bank of America location and trade my money?
admin answers:
Bank of America charges a fee for check cashing if you do not have an account there, so they might take a percentage to trade them in, but they may not, might just want to go in and ask or call their toll free number.
William asks…
How to Trade Foreign Currencies?
Where do I sign up for an account? Can you use your stock trading account to buy that or no? Personal experience appreciated.
i asked Etrade, they said they don’t have such acct.
admin answers:
You may check your options in this site. It will lead you to one of today’s leading forex trading platform. One of the best feature of this site is “personalized service”. They maintain four accounts- mini, gold, platinum and vip. By opening any of these accounts, a trader is provided a personal Account Service Manager (ASM) to be his mentor, consultant and trading partner as well. Discussions can be done live via phone, email or chat. The ASM is an expert forex trader and is the best resource when it comes to effective methods used in trading forex. They have a web based platform so trading can be done anywhere at anytime without the use of any autosystem. Lots of other good features and learning tools are available at the site so you don’t have to browse somewhere to upkeep your learning process. You will note that by opening accounts higher than tha mini would entitle you to better trading fetures and privileges. Meantime, you mya sign up and download a Free Forex Ebook and a Free $50K Practice Account as well.
Susan asks…
How can I do Forex Trading?By Forex Trading I mean buying and selling foreign currency.I’m a Non Resi. Indian.
I want to buy and sell foreign currency through my NRI Bank Account with an Indian Bank.Internet shall be the medium of operation.
admin answers:
Forex trading can be done by so many online sites.But it is very risky proposal and u will loose ur money most.As far as my experience goes i find forex.com is best site and u can try with trial account.So many forex sites are available in internet. Ucan search and find out.
Sandra asks…
Foreign Interest Rates and Purchasing power?
I have a new trading account in a foreign country (USD converted to their local currency). If the national interest (Short term rates) rate in this foreign country is 10.00% does this mean that each US dollar has a purchasing power of 10.00%? To purchase a product (or security) you could multiply your returns on investment (interest rate + exchange rate) by 10? Every US dollar placed within this country would grow exponentially by 10? Thank you.
admin answers:
I would suggest not getting a trading account until you learn what these terms mean. Also never open a trading account in a foreign country. You may never get your money back.
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Tags: Bank Of America, Couple Hundred, Day Trading, Etrade, Foreign Currencies, Foreign Currency Trading, Gold Platinum, Good Features, Interactivebrokers, Investment Account, Learning Tools, Mexican Pesos, Personal Account, Personal Experience, Personalized Service, Platform One, Several Thousand, Stock Trading, Trading Forex, Trading Platform, Upkeep
Posted in Forex Trading System | No Comments »
Monday, January 30th, 2012
Maria asks…
How can I learn forex trading properly?
There seem to a lot of options available on the web, definately some would be scams, which ones are good enough to learn from?
admin answers:
Hello,
Definatly babypips.com
Tom
http://www.wealthymarketer.net
Steven asks…
where to learn forex trading in chennai?
where to learn forex trading in chennai?
admin answers:
LEARN FOREX TRADING & EARN $100 / RS.4600 PER DAY
We teach you how to double your money
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Fast Track Course Duration : 2 days ( Daily 3 Hours )
Class Location : Chennai
Course Fee for Basic profit taking method Rs.5,000
Course Fee for Advance profit taking method Rs.10,000 ( 98% Accuracy ) without using Indicators / Auto Robots.
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If you have further issues or concerns, please write or call. I would be glad to assist you.
===========
CONTACT US
===========
Forexnext.com
Tel: +91-44- 22241214
Mobile/SMS: 9841234504
Email : signals@forexnext.com
Website: http://www.Forexnext.com | www.sunpips.com
Address :
T-2 Navins Baghya Nivas, A20, 100 Feet Road, Hindu COlony, Nanganallur, Chennai – 600061
S.Arvind
Founder, www.forexnext.com / www.sunpips.com
Technical & Fundamental Trader
Introduction Broker ( IB ), Alpari UK.
Paul asks…
how can i learn forex trading?
i wil like to know how to trade in forex and where to learn it for free.
admin answers:
This is just an introduction of the many articles in the website www.forextradinghq.com This is just an intro of the article, go the links below to read the other helpful and free articles, which have assisted me in learning the fundamentals of forex-trading.
This is a proper introduction to foreign exchange for everyone who misunderstood that term. The Australian foreign exchange market can be considered as the next big thing in investment. Over these years, Australian investors have become more active in chasing their investment goals. Australian’s are more likely to hold direct shares than in previous years and Australian Stock Exchange (ASX) shareholder surveys have shown a higher level of direct share ownership.
Equity derivatives in the market like options, warrants and contracts for difference have become more familiar with the Australian public, with Options traded on the ASX showing running record levels over the past years with growth in activity coming from retail investors.
We are also trading in international equity markets, purchasing highly sophisticated structured equity products and moving into the stage of credit derivatives through collateralized debt obligations (CDOs). We have also have a growing attitude for greater risk where Gearing has become standard feature in the financial planning process; market lenders have reported that their loan books have been rising at more than 20 percent every year.
Nancy asks…
What is the best book to learn forex trading ?
admin answers:
Beat the Odds in Forex Trading: How to Identify and Profit from High Percentage Market Patterns by I. R. Toshchakov
and
Forex Made Easy : 6 Ways to Trade the Dollar
by James Dicks
Good Luck!
Charles asks…
Learn Forex Trading in Chennai Madurai Salem Trichy Vellore Pondicherry Pune Mumbai Delhi?
Where to Learn Forex Trading in Learn Forex Trading in Chennai Madurai Salem Trichy Vellore Pondicherry Pune Mumbai Delhi ?
admin answers:
Forex Coaching in Chennai Madurai Salem Trichy Vellore Pondicherry Pune Mumbai Delhi
Please Note : Many Forex Tutors teaches Indicators, by using these indicators or robots you will loose your money within a day. It’s a 98% Accuracy Challenge with any Forex Tutors in the World. We teach you to trade without Indicators.
Forexnext.com – Sunpips.com ( Learn Forex Trading )
Tel: +91-44- 22241214
Mobile/SMS: 9841234504
Email : suninside@gmail.com
Website: http://www.Forexnext.com | http://www.www.sunpips.com
We Teach you to Earn Rs.5000 per day.. It make Rs.1,10,000 in 22 days.
With 98% Accuracy Profit Making Method. 1st Time in world, make profit without using Indicators or Robots. Our students are making minimum Rs.5000 to Rs.50,000 in a day.
We teach you how to double your money
Normal Course Duration : 3 Days ( Daily 2 Hours )
Fast Course Duration : 2 days ( Daily 3 Hours )
Course Fee for Basic profit taking method Rs.5,000
Course Fee for Advance profit taking method Rs.10,000 ( 98% Accuracy ) without using Indicators / Auto Robots.
If you have further issues or concerns, please write or call. I would be glad to assist you.
Forexnext.com – Sunpips.com ( Learn Forex Trading )
Tel: +91-44- 22241214
Mobile/SMS: 9841234504
Email : suninside@gmail.com
Website: http://www.Forexnext.com | http://www.www.sunpips.com
Address :
T-2 Navins Baghya Nivas, A20, 100 Feet Road, Hindu Colony, Nanganallur, Chennai – 600061
S.Arvind
Founder, www.forexnext.com / www.sunpips.com
Technical & Fundamental Trader
Introduction Broker ( IB ), Alpari UK.
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Tags: Accuracy, Alpari Uk, Amp, Arvind, Class Location, Course Duration, Duration, Fast Track, Forei, Foreign Exchange, Free Articles, Hindu, Mobile Sms, Nivas, Proper Introduction, Robots, Rs 50, Scams, Signals, Wealthymarketer, Website Www
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