What is the secret to successful forex trading?
Question by valgraphies: What is the secret to successful forex trading?
A complete newbie to forex trading, I am having difficulties figuring out where to look for information, but also what exactly to look for. Commodities? Bank quarterly results?
Best answer:
Answer by Jason Alexanders
I think you need to decide whether the US is fundamentally flawed (like we’re going to do the printing press).
Since loans have been greatly reduced and the money supply will thus shrink, I expect the dollar to appreciate in value.
Thus if I was investing in Forex, I’d be most interested in the US dollar index and maybe even the Canadian dollar.I’d short the Yen and the Euro.
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Forex trading and how to go about it from home?
Question by MamaB25: Forex trading and how to go about it from home?
Can someone explain in detail how forex trading can be done from home in order to earn some additional income? Too, what is involved or needed? How much is needed as an investment?
Best answer:
Answer by Common Sense
You’ve picked one of the hardest forms of trading to consider. There are brokers that will open an account for as little as 0.00.
I would take no less than 2 years to understand the basics of Forex and technical analysis…… before putting one penney into an account.
This can be very challenging. 96% of new traders destroy their account within the first 2 – 6 months. Most successful traders blowup their first account. Persistance, disipline and constant education may make this a rewarding pursuit.
try to read a new trading book every month…. for as long as you’re doing this………. CONSTANT EDUCATION!!!!!!!!!! Good money management & trader psychology skills are just as important as picking the right direction and stop.
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What is the Best Automated Forex Trading System Out There?
Question by anav: What is the Best Automated Forex Trading System Out There?
Hi everyone!
I am relatively new to forex and have only just found out about all these automated forex robots and such that are supposed to really take a lot of the risk out of forex trading. There are so many though! Can anyone suggest like a good one, based on personal experience?
Thank you!
Best answer:
Answer by snowmanmeltin
Hey!
You really need to be careful when investing in automatic forex robots since not all of them are legal. But you are right they do help a lot with forex trading. The one I use and would highly recommend you get is the one you can get here http://forexmanagement.net/ It’s not the cheapest perhaps, but it is definitely worth the money. I’m not going to go into boring detail about how much I’ve earned using it, but suffice it to say that it has helped me raise my profits a lot. Anyway I hope this answers you question! And good luck with your forex trading!
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What is the best way to learn forex trading?
Question by bennie: What is the best way to learn forex trading?
I would like to start trading in foreign exchange, and I am looking for tips on how to get started with forex trading? I have looked at some of the trading platforms out there, and they seem quite complex and intimidating. Your help would be appreciated.
Best answer:
Answer by markie
hi,
here you can find a list of good forex brokers that most serious traders use
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http://bestforextradingplatforms.com
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good luck..
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How does an automated forex trading system work?
Question by detra: How does an automated forex trading system work?
Might be nice if someone can simplify how it works. I am also looking for an automated forex trading system too.
Best answer:
Answer by ada
Automated forex trading systems (robots) are just a tool. Like any tool their success ultimately depends on the person using it. There are many people that make a ton of money from forex trading.
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,
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Do automated forex trading robots work in the forex currency market?
Question by RogerE: Do automated forex trading robots work in the forex currency market?
I’m considering purchasing a program that is an automated trading “robot” on the forex currency exchange. Has anyone out there ever had a fallout or lost a lot of money using this system?
Best answer:
Answer by SalvadorD
Here’s a review of a system that many people are having success with. It’s called Fap Turbo and it is an automatic trading robot like you say. You have to figure out how to set it up, but then once yuo get it going it’s supposed to do everything for you.
Here’s the review:
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What are the Forex trading times according to US Eastern Time?
Question by achiever: What are the Forex trading times according to US Eastern Time?
What are the weekly days and times according to US Eastern time when the Forex trades open and close. I understand that Forex trades are for 5 days a week but what are the days and times when the forex trading starts and ends for 1 week ?
Best answer:
Answer by jack
hi,
you can find timings of each trading platforms here
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http://forexplatformslist.com
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good luck
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Online Forex Trading – How To Get Started Trading The Forex Markets?
Question by vonnie: Online Forex Trading – How To Get Started Trading The Forex Markets?
Keen on knowing the basic points, tips and systems to get started (and move ahead) with online forex trading.
Best answer:
Answer by madge
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,
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What is the best forex trading strategy?
Question by Donna: What is the best forex trading strategy?
I have been reading about trading forex but I am unsure about the strategy I should be using. I have read about so many different strategies and they all claim to be the best and easiest. I was just wondering if anybody had any real experience trading forex that could recommend a good strategy to start out with.
Best answer:
Answer by David
Hello Donna,
I have been trading forex for almost 7 months now. When I first started I was totally confused and suffering from information overload. A friend of mine suggested that I try this strategy http://tinyurl.com/yfmmskp. I have to say that it has really helped me to understand trading. Hope this helps answer your question.
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What is the best automated forex trading software for beginners?
Question by spol555: What is the best automated forex trading software for beginners?
I am planning to try my luck in forex market. I have read about many automated forex trading softwares online. But I wanna here from yahoo answers community their opinion about the best automated forex trading software for beginners. Please help me choose the best automated forex trading software.
Best answer:
Answer by bluenightsky87
If you are a beginner, i suggest you to use Marketiva, which is a very good platform to start trading with and very easy to use.
Marketiva gives you 5$ real to start trading so you don’t have to deposit and if you made profit from it you can cash out, this is why it’s very good for beginners. Their platform is very easy to use and they have support during trading hours.
To open your account please visit http://www.marketiva.com/index.ncre?gid=3371
PS: it’s not automated, you have to trade by yourself. You can practise with virtual money or with the 5$ they give you.
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