admin answers:

It’s a way to invest your money kind of like the stock market. You are buying and selling, just like the stock market. But rather than buying and selling the actual currency itself, you are buying and selling the DIFFERENCE in value (aka the exchange rate) between two different currencies.

Best way to get into the Forex is to open a demo account at http://comefollowme.zulutrade.com/Performance.aspx and add some strategies to your portfolio. It’s all free, and it’s the largest Forex strategy website in the world. I’ll post some more links below in my sources.

admin answers:

USD, JPY, CHF and EUR have been the strongest currencies in the past 1 year while GBP, CAD, AUD & NZD have weakened a bit. Overall, JPY & USD are the strongest in terms of absolute gains.

From a trading viewpoint, I’ve seen a lot of ‘scalping’, given the volatility of currencies & the forex markets. Specially with the USD rallying against the EUR & GBP, it’s given some very interesting trends to take profit pips.

admin answers:

Be very careful about these “investing companies”, especially when they are Internet based. In 99% they are scams looking to steal money from investors and there is no way of knowing whether they really trade or not.

The other 1% are probably legitimate, but how will you know for sure?

As in one of the previous answers you can learn to do it yourself.

Here is a course that can help you get familiar with forex trading:

http://www.forex-trading-secrets.net/fm/

admin answers:

The general meaning is the same. Forex trading means foreign exchange trading, which trade in and out of a cash market in foreign currencies made by large banks. This is pretty much the same as currency trading, except the fact that forex offerings investors more purchase options, like forward, futures, and options. Currency trading only involving buying and selling currency, and involves no hedging products

admin answers:

You can check your options in this site. Register to get a free Ebook. If you are a newbie to forex, you must read and study all you need to learn from the book. You can also get a Free Demo account so you can practice virtual trading before you get in to the actual business itself. The best part in this site is you can avail of the services of a personal Account Service Manager with whom you can talk live via phone, email or chat. Nothing beats the advise you can get from a real live person expert in the field who will guide you, teach you and trade along with you. 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. Lots of other features designed to protect the interests of traders are offered in this site.

admin answers:

What you’re looking at is akin to the gap opening in the stock market, or a news release on a stock. The whole world awaits these economic releases, and then it takes off.

Essentially, you’ve gots tens of thousands of people doing the same thing. For the novice, trading the actual release is a good way to get clobbered. But after about 5 minutes, it settles down to just regular trading. If it retraces more than half of the initial spike, you probably don’t want to mess with it. If it makes a new high or low, depending on the direction of the spike, go with it.

The problem with putting a Stop Entry Order in ahead of the release is that they will run those stops, no matter which direction it finally settles into. So you have to put your stops out there 40 or 50 pips to stay out of the way of the intial false surge. So you might as well wait and let the surges take their course, then jump in for the follow-thru.

admin answers:

I use this news calendar.

Http://www.forexfactory.com/index.php?page=calendar

And I use these trend indicators with embedded price alarms

http://www.forexearlywarning.com/charts.cfm

http://www.flickr.com/photos/24224310%40N05/

Monitor the pairs with alarms and trade with the trend always.

Good Trading
Mark Mc Donnell

http://www.forexearlywarning.com/

admin answers:

Using the Mtpredictor’s technical analysis Elliot Wave Principle software, Bsmtprediction provides Forex Traders with FREE access to AUD/USD, EUR/GBP, GBP/USD, EUR/USD, NZD/USD, USD/CAD, USD/CHF, EUR/JPY, GBP/JPY & USD/JPY daily currency forecasts through this website. At Any Time / Any Day (we’ll straight away post the signals here in real-time if there’s any triggered) 1 hour, 4 hours & daily time frame forecasts are published on this site. The predictions are good from the moment they are published until either it reached the take profit target, hitted the stop loss or another new prediction of the same currency & timeframe unveils on the same / following day. Essentially, the prices shown are for an unknown period.. That’s why we encourage you to subscribe our FREE Google Groups newsletter to get the latest signal updates sent to your e-mail from the very 1st minute it surfaces the net..

admin answers:

Hi,

1. Firstly I would like to tell you that nobody could predict the market. Therefore Elliot waves together with some other technical indicators are very useful when you are making analysys for enter/exit point

2. All currency pairs are good. Some of them have higher volatility and some lower volatility. Usually traders are trading with several currency pairs that they like.

3. As you have noticed leverage could be as profitable as detrimental. For that reason traders use money risk management rules. The main rule is don’t risk more than 2% of your trading funds, which is rule No.1.

4. Rule No.2 – Listen and follow the market. Trend is your friend.

5. Rule No.3 – Don’t listen experts. They are paid for their speech. If their forecasts are so successful why they don’t trade themselves? Trading is much more profitable than salary for making forecasts.

6. Rule No.4 – Never trust “black boxes”. All of them are created by historical data. Their presentations looks very good but market is alive because traders are live personse and nobody could predict next movement of thousands live traders.

7. There are many online forex brokers. I know nothing about forex.com as brokerage company. But I don’t like their trading terminal. I preffer MetaTrader 4.

Trading forex is very exciting and profitable business

Good luck!

admin answers:

The best place for getting official calendar news releases for the Forex is: http://www.forexfactory.com/calendar.php

And possibly the best general “chit-chat” news releases: http://www.forexfactory.com/news.php

And the best Forex forum: http://www.forexfactory.com/forum.php

And the best place for Forex strategies is: http://tinyurl.com/3tcla4v

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