Forex Guide answers:

I think you’ll find that they each have their own pros and cons. I personally trade with Oanda, because they have really tight spreads, although they do get larger when big news comes out. They do allow you to scalp. The only real downside is the leverage isn’t that great.

Hope this helps

Forex Guide answers:

I have never heard of any automated system that actually worked. There are a lot of people who will try to sell you a bunch of expensive software packages of question value however. Be careful.

Forex Guide answers:

I would suggest you to develop your own trading style based on some technical and fundamental analysis. A mixture of both will definitely help you to catter better results.
I am using Finexo as my forex trader and i use Scalping and Day trading both to increase my earning potential. For further information on Trading styles you can check out my blogs on forex.

Forex Guide answers:

The best way to learn is to test strategies out until you find a couple that work for you. Scalping is an art in Forex, but auto trading is a very powerful method. Find the one that you are comfortable with.

Forex Guide answers:

I have traded both MB Trading and FXCM live and have not had significant liquidity issues with either. However, to answer your question as to whether “most online brokers” are good at “hitting your limit buy and sell orders” mainly depends on the position size your attempting to enter the market with, the time of day and currency pair your attempting to trade.

And to answer your question whether your “simulator” will work with “one of these brokers” really depends on which code the simulator was created in. Is it an Expert Advisor coded for Metatrader? If so, MB Trading does not yet support the Metatrader software ( though are Rep there tells us they are working on it). MB uses the MBT Navigator which is much more difficult to create auto trading software for. FXCM recently began using Metatrader in conjunction with their FX Trading Station 2.0. Their Metatrader platform has huge drawbacks including not allowing demo accounts, not supporting multi-user accounts, and reportedly experiencing problems communicating between their FX Trading Station trade servers and their Metatrader Trade servers. I would recommend you google “Metatrader broker reviews” and find the brokers that best works for your situation.

Forex Guide answers:

To master forex trading. Its is NOT about using Indicators. All indicators are lagging indicators.

To master forex trading – You need to know Price Action.
This is what separates the 5% profitable traders from the 95% wannabes.

Money management, trading psychology are the next important elements that comes into place.

This is what i do for the past 14 years.

To an Awesome trading,
Ezekiel
http://www.asiaforexmentor.com/

Forex Guide answers:

I think Forex Tracer is the best out there at the moment which works with mt4. The Forex Tracer is USD/EUR pairs.

Http://www.forextracer.forexrobotreviews.com

Or if you want USD/JPY pairs then you should be considering Forex Funnel.

Http://www.forexfunnel.forexrobotreviews.com

Good luck

Forex Guide answers:

Hi bob,

I have tried numerous Forex Expert Advisors but to no success except for this two EAs that has so far produced consistent monthly profits for me. They are Fap Turbo and Forex MegaDroid.

However, do not expect to double your capital every month like what they said. This is because, i am currently using them and my capital don’t double every month. But getting return on investment (ROI) of around 20% to 80% per month is possible. Don’t expect to win everytime as there are times of losses (you just have to stick it through). However in the long run, you should be able to see your account size grow.

I run both of them with different brokers and it’s been great so far. Hope this is useful to you.

To Your Trading Success,

Thomas

Forex Guide answers:

Lexy,

It really depends on what indicator you are looking for. There are literally thousands. However, the best place to look is on any of the free Forex forums online. The best (most trafficked) are www.forexfactory.com and www.tsd-forex.com.

Start there and good luck!

Forex Guide answers:

Here is a good article that explains the Most Market Moving Economic Indicators for the US Dollar.

Http://www.dailyfx.com/story/special_report/special_reports/2006___What_Are_the_1155132699816.html

This same website also has an excellent economic calendar for the currencies.

Http://www.dailyfx.com/calendar/

Here’s another economic callendar

http://forexfactory.com/

Briefing.com give a good explanation and weights the economic evensts on the calendar if you click on them.

Http://briefing.com/Investor/Public/Calendars/EconomicCalendar.htm

Forex Guide answers:

Hi
all most all fx will give bonus to $1000 but read their Terms and conditions.i am not sure if zecco is real fx company.here you can find a list best forex trading platforms that most traders use
———————–

http://forexplatformslist.com

———————–
good luck

Forex Guide answers:

Bear in mind that Forex analysts and brokers charge a fee for their service. Forex signal trading brokers may only monitor the more popular currencies such as EUR/USD, USD/JPY, GBP/USD and USD/CHF. However, for a higher fee you may be able to find Forex signal services for less popular currencies and pairs. Basic subscriptions to Forex signal services will send you alerts about the best times to buy and or sell.

If you happen to have a higher level of subscription then you will be alerted about the buy and sell times by pager or cell phone. There are also levels of subscription that will provide the subscriber with live Forex charts. The minimum subscription fee is usually a hundred dollars a month.

You can simply generate the forex trading signals by using an “Automated FOREX Trading Systems”. You can get these Forex Trading Systems for a one time low price not more than 100$, in the sense that doesn’t even cost you a monthly fee of your subscription for forex trading signals.

‘Forex Trading Systems’ are the best way for anyone to invest in the foreign exchange market. There are trading systems that are ideal for every type of forex trader. Easy to use, informative and beneficial are the key factors to consider before putting your foot into the trading pool. Simple ‘Forex trading systems’ are big business. Invest in the right one and you can make big currency profits and get the cost you paid back many times over !!

…If You Want To Learn More About A Successful Forex Trading System, I Suggest You Take The First Step, by going here: http://shurl.net/5MC

Forex Guide answers:

Hi,

1- There are a lot of websites with free information about forex:

http://www.babypips.com/school/

There is also a good series of videos that were used to be free but unfortunately they are not free any more. You have to pay $10 for each but it does worth. If you watch these videos, it will save hundreds of hours of your time:

http://www.fxclub.com/video-en/

Also at http://www.weboma.com/category/forex/ you can find free daily/weekly signals every night.

Almost all of the forex brokers offer free demo accounts which you can practice with the fake money. Here is a small list of the brokers with free demo account:
1- http://www.interbankfx.com/
2- http://www.northfinance.com/
3- http://www.fxclub.com/
4- http://www.cmcmarkets.com/

The first two have MT4 platform. The last two have their own special platforms.

=======================

2- You can start trading forex with as low as $100. The leverage is 1:100 but you can also find 1:400 leverage too. If you learn forex properly, you can double a $5000 account every month and there are forex traders who make much more.

As you have been a stock traders, you will learn forex much faster and easier because 99% of the techniques are the same.

=======================

3- For Canadians CMC Markets is the best option:

http://www.cmcmarkets.ca/

=======================

4- It depends on yourself. You can trade wisely or you can gamble with your money and lose it easily.

There is a higher risk than the stock market because the leverage is higher.

=======================

5- There are some legitimate ones but you don’t need them. You can easily learn technical analysis and find buy and sell signals on your own. It is not hard.

Best regards,
Vahid
http://www.weboma.com/

Forex Guide answers:

Many people told me that investing in curriencies is the hardest way of investing, because it doesn’t have clear direction. Bullish or Bearish is hard to detect. However, there was the two big crisis, 2008 global crisis and the EUR crisis mid of last year. Many people who traded forex frequently, made huge profits from trading Dollars, and EUROs, simply because last year they could buy year at a 10-Year record low.

Now adays, all eyes are on the Japanese Yen after the Quake..
So, i really give you advice not to trust any one in this kind of trading, because even proffessionals lose for unpredictible mistakes

Forex Guide answers:

I’ve read a lot about Forex, but I’ve never seen a proven profitable forex strategy, despite the claims of some scam web sites. Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words “Forex” and “lose” to see this is the consensus.

Forex is what we call a “zero sum” game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the “bets” in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.

Actually Forex is not quite a zero sum game. It’s a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It’s a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.

There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.

Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: “Go to Forexcrap . Com/q2347.” The “q2347″ is a signal to the Forexcrap site that you are being referred to them by “q2347.” If they sell something to you, “q2347″ gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.

I would recommend not trying to do Forex at all, unless you are a trained professional. It’s like playing poker with people better than you, with the house constantly taking a small percentage from the pot.

Forex Guide answers:

There is no good FX platform or company.

There are only ones less bad. Be very careful…. It’s very easy to make money in a practice account. Paper money trading should never be used as a guide to the future. You only want a US regulated company (anything else can lead to great financial pain).

Some good choices;
GFT
InterbankFX

A great example of what to avoid;
eToro
finexo (very, very, very expensive)

Two good web sites for you;

http://www.fx360.com/

http://www.babypips.com

Forex Guide answers:

Most brokers provide demo account and some of them will give you bonus when you open a real account.

Etoro gives up to $10000 on your first deposit but of course that means the deposit needs to be quite high.

You can also get 10% cash back for free, worth up to $1000 if you deposit $1000 or more from Forexyyard.

Instaforex offers welcome bonus.

Hope this will help.

Forex Guide answers:

Every person has diffrent methods to jugde and reviews the best broker as scalper use the broker that has constant spreads on news and on spikes.
Some day traders dont care about spread changing during news.
So first to know which type trader you are and after that search for a good broker.
As my own experince i am using 3 diffrent UK brokers..
Alpari.uk , thinkforex and forex.com
they all are best for me..may be not for yuu so try to search your self about broker that you like

Forex Guide answers:

The best recommendation I can give you is this one: Forget Forex Robots. They are useless. If you want to make money in Forex, work on it and develop your own trading system.

Forex Guide answers:

I just read nice guide on forex, It’s called Insider’s Guide to Forex Trading and I would reccomend it to anyone trading on forex. If you want to make money on forex this could be most important book you’ll ever read!
It covers everything there is to know about Forex trading.You can find more details here:
http://choprz.com/pz02x/

Forex Guide answers:

I suggest you sell your research as an eBook on ebay amd perhaps consider charging people to attend ‘training classes’ in Forex gambling (typically there is a lot more money to be made in selling ‘How To’ books and holding seminars etc. Than in actually doing any real trading)

Forex Guide answers:

It is no wonder that Forex trading attracts a wide and growing variety of both big and small traders each of whom enjoys a wide choice of trading strategies based upon the myriad of factors which affect foreign exchange rates. For many traders coming into the market it is the fact that there are so many different things that affect currency exchange rates which they find most attractive as it allows them to use a huge range of different tools when working in this extraordinarily exciting market.

Perhaps the greatest influence today however on the future growth of the market and its popularity lies in automation which has never been easier to accomplish and which brings with it many more advantages than disadvantages.

Automated Forex trading allows trades to be conducted in real time anywhere in the world and virtually eliminates the losses so often seen in manual systems which are trying to operate in such a fast moving and volatile environment. Anyone who has traded using a manual system will know only too well the frustration of a row of losses caused by nothing more than a simple time delay in buying and selling and will appreciate the value of automated currency trading.

Finding the right trading robot for your needs now is easier than ever at

http://www.autotradingservice.com

Forex Guide answers:

I would prefer cut loss or hedging

Forex Guide answers:

Http://www.cayoflow.com

Forex Guide answers:

That’s the lowest I’ve seen for managed accounts. I have seen auto-traded (by computer – not a person) minimums of $5,000 but I wouldn’t touch those.

When I first looked at managed accounts, I was expecting to see better returns than what they are.