admin answers:

Each day, millions of trades are made in a currency exchange market called Forex. The word “Forex” directly stems off of the beginning of two words – “foreign” and “exchange”. Unlike other trading systems such as the stock market, Forex does not involve the trading of any goods, physical or representative. Instead, Forex operates through buying, selling, and trading between the currencies of various economies from around the world. Hope this is enough info about forex that you would like to know.

admin answers:

At present i am working in stocks.

Why? Stock market is at ROCK BOTTOM. Trade some excellent banking stocks and you will be enjoying in a year. Because of he reason they do not collapse.

However, if you are interested in the relative consistency of Forex, Go for some forex beginners guide or take help of some forex expertsor brokers.

Search on the INTERNET and you will find many websites providing th feature to learn forex trading. Enter that site and just type your name and email address they will email you about the step-by-step guide.

Regards

admin answers:

I think forex is more difficult since you really need to know the macreconomic factors to see which currency is strong/weak.

For stock market, there isn’t much of a learning curve. I basically keep myself updated with all the financial news and study the line graph chart of a particular stock on google finance to see good entry points.

Here are the advices for trading. Buy low and sell high. Always try to buy when there is a bear rally or a down day. And not really on an up day unless the point you buy is still at its low.

Also, even if you see that the stock might be going up and you think you might be missing the opportunity…don’t worry…chances are…stocks go up and down…so you might be able to buy it at the price you want. Don’t try to chase after the stock.

For short term, when you see a decent profit, take the profit and get back in once the price of the stock drops.

If you still need to open a brokerage account, consider Scottrade.

Scottrade.
NO account maintenance, service, or inactivity fees.
$7.00 online trading commission for stock over $1.00 a share.
Tutorial and webcast available to customers.
Excellent trading platforms (very user friendly).
Excellent customer service (398 Branch offices nationwide).
$500.00 minimum to open an account.

If you do end up opening it with Scottrade, use this referral code: EJVR8926
You and I can get 3 FREE trades.

admin answers:

Start listening to Lady Gaga.

admin answers:

I am interested.
I can get you domain and hosting for free.
You can predict and we can share profits from the traffic that is being generated
Contact me asap at firefoxlover@ymail.com

admin answers:

I see several things wrong with your blog explanation of MACD.

First, you gave the textbook description of how MACD is computed and used, as a fast MA crossing over a slow MA.

Then you say signals are generated by divergence. Not true. The signals are generated from the crossover, as you first stated, with or without divergence. Divergence is just another aspect of momentum indicators. RSI and other momentum indicators also show divergence, but you will go broke trading just divergence. It happens all the time if you just look, and divergence is little better than 50% correct.

The problem with Momentum Indicators is in a trending market, like right now in the stock market. These indicators can stay Overbought, or in this case, Oversold for days and weeks, signaling a reversal, while the market just keeps going down. The divergence will not help you here, and instead, gives a false signal. This is worse than a “wrong” signal.

Didn’t Gerald Appel develop this indicator? If you want to know how to apply an indicator, read the origins of it first by its creator, then test your “theories” thoroughly before using them, or worse, telling others to use them. Publishing ignorance just gives the whole business a bad name.

Appel said the “signal” comes after the crossover when passing through the 50% zone, I think, as a confirmation.

I gave up on this one a long time ago as a short-term indicator.

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The thing I don’t like about forex trading is that the previous times when I knew there was an opportunity to make money, it was impossible to obtain the currency I needed. There was the devaluation of the Argentinian currency that happened a while back. They had been keeping the currency pegged to the US dollar and there was an enormous amount of speculation that it was going to be devalued (allowed to float), yet I couldn’t find anywhere to sell this currency since it never moved more than a few PIP up and down within a day. Then there was the Chinese currency. Everyone knew they were keeping the currency undervalued and that it would increase in value upon floating, yet again I could not find anywhere to buy this currency in exchange for USD. I contacted a bank and they had some ridiculous spread (something like 15%-20%), yet again it was impossible to capitalize on something I knew was going to happen. Both of these situations were extremely frustrating. Let me tell you, a $2500 investment in either one of these situations would have made you tens of thousands of dollars. The Argentinian currency went from 1:1 USD to 3:1 USD in a matter of 2 weeks. Now that’s a devaluation.

admin answers:

Overall, not too bad . . . You made a profit.

Considering the timeframe you are trading, I don’t understand why you are referring to a an exit at 1.1006 “which looked like an important resistance”.

It looked like recent resistance was ~1.1055 and sloping upwards.

I would have tried to ‘trade the range’ of it coming down to ~1.1055 and having hat as a ‘buy on stop’ or not had any exit order in place, in the hope there was significant weakening due fundamental events (of which there are many these days).

admin answers:

Don’t ask us, our answer is irrelevant.

Ask the market. It’ll answer you soon enough, even if you don’t ask.

admin answers:

Mr. DREDUDE..I guess this guy was just asking the comments from other traders whether his analysis was right or not..I don’t see anything wrong with it..Thats one of the best ways to learn.
So, no need to brag..You made money..its good for you..If you are so offended by his post, then something is wrong with you.

Mr. Guptatrigon..I guess the biggest mistake you made was not to look at the longer term charts..I guess you did that later. You may want to do that before you place any more trades…….

And don’t worry about comments from these so called experts..You are posting your comments in blogs which itself is for the purpose of sharing comments or thoughts in an informal way which so called experts are calling childish..Ignore these experts..!!!

admin answers:

Motor roller

admin answers:

Forexwebtrader is an excellent forex broker. They provide low minimum deposits and an easy to use platform.

I have personally traded with them and have heard good things from others who tried their system.

Given that they require such a low minimum deposit it will be easy to leave if you are not happy with their platform.

admin answers:

Almost all reputable options brokers these days have this kind of virtual trading or paper trading functions. Get a list of all of these brokers at http://www.optiontradingpedia.com/option_trading_brokers.htm .

admin answers:

FXCM was recognized as having the best retail platform by FX-Week in 2009. You can try a demo of it here http://www.fxcm.com/open-free-100k.jsp .

The popular MetaTrader4 platform is also available.

admin answers:

I personally prefer to try online stock practice, which provides virtual money and considers the real stock market situation (bid, ask, etc.) and therefore is an excellent free trading practice. Take a look at the review in the source post below, a free online demo trading, registration is free and easy, simple filling in basic information you will get a personal account, compete in the $100,000 contest and play daily games. You are able to join a network, participate multiple contests, compete in weekly, monthly stock and option contests.