Forex Guide answers:

I made $60,000 with your specified program within 4 months. Yes they are genuine investment program.
Http://www.minvestment.com/?r=InvestmentPlan

Forex Guide answers:

Investing is a passive thing that anyone can do and hope the markets go up and the economy improves and the system doesn’t fall apart again or another bubble doesn’t burst or the Fed doesn’t do something stupid, etc.

Trading is a profession, not a hobby. It requires committment, many more resources, much more education and training and experience and resources, like any profession. But unlike any other profession, the risk is very high, especially in Forex with 100:1 leverage. You may not know what that term means, but it is a primary killer in the futures and Forex markets, even for those that think they know something. Training is very expensive.

I’m not sure what you mean by stock trading being the “same” as Forex trading. They require different brokers and accounts. A stock is essentially part of a company with their own set of circumstances, products and services, marketing and competitive issues, employees and CEO’s. Trading the Forex is a world currency against another, called a currency pair, like GBP/USD, with their own set of world circumstances, governments, bailouts, GDP reports, interest rates, unemployment rates, etc.

What Does Forex Market Mean?
The market in which participants are able to buy, sell, exchange and speculate on currencies. The forex markets is made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and investors. The currency market is considered to be the largest financial market in the world, processing trillions of dollars worth of transactions each day.

Investopedia explains Forex Market
The foreign exchange markets isn’t dominated by a single market exchange, but involves a global network of computers and brokers from around the world. Central banks use their massive buying and selling capabilities to alter exchange rates through their open market activities and in many cases will do so not with profit in mind, but rather for any number of policy reasons. Forex brokers act as market makers as well, and may post bid and ask prices for a currency pair that differs from the most competitive bid in the market.

Forex Guide answers:

Whatever currency you carry, you will be purchasing in Thai baht only – basic rule is the fewer times that you change money, the more of it you keep as there are exchange charges. I assume there is no reason why Rupees are not accepted here at money exchangers, but I don’t know that for sure.

Forex Guide answers:

You need to open a savings of checking account with a bank. This will probably require a adult to also be on the account. But since you are only looking for a dept card only it should be no big deal.

Forex Guide answers:

Click on the green plus symbol at the end of the toolbar.

Click on the “Edit Apps” tab at the top.

Remove an application by hovering over it and clicking the red “X”.

Click on “I’m Done” at the bottom when you have finished.

Forex Guide answers:

I can only help you with Liberty Reserve question because I use this payment system, but I am not a forex trader, so with forex parts of your question other members will help.
To send money from your bank to Liberty Reserve, you need an exchanger. Try eforexgold exchanger, e-forexgold.com
You just fill in the buy form on their site, they give their bank details, you send money to them and they fund your Liberty Reserve accnt.

Forex Guide answers:

Hi,

Any good broker like fxcm.com has a contact us section which you can use. They will answer to all of your queries. Before opening a live trading account make sure you hone your trading skills on a practice account and learn the basics and dangers of forex trading. To learn more go to

http://www.forex-margin.net

All the best

Forex Guide answers:

Forex Trading is trading currencies from different countries against each other. Forex is acronym of Foreign Exchange.

How Does Forex Trading Work?
Forex trading is typically done through a broker or market maker. As a forex trader you can choose a currency pair that you expect to change in value and place a trade accordingly. For example, if you had purchased 1,000 Euros in January of 2005, it would have cost you around $1,200 USD. Throughout 2005 the Euro’s value vs. The U.S. Dollar’s value increased. At the end of the year 1,000 Euros was worth $1,300 U.S. Dollars. If you had chosen to end your trade at that point, you would have a $100 gain.

Forex trades can be placed through a broker or market maker. Orders can be placed with just a few clicks and the broker then passes the order along to a partner in the Interbank Market to fill your position. When you close your trade, the broker closes the position on the Interbank Market and credits your account with the loss or gain. This can all happen literally within a few seconds.
India has a rather strict foreign currency exchange policy – even though many liberalization measures have been taken recently, it’s still an economically isolated, or highly protected country. Indian currency – rupee, is highly regulated by the national banking authority – Reserve Bank of India, and so Indian citizens still cannot freely exchange rupee to other currencies, they have to prove their need and there are annual limits for different needs (more). Even popular money transfer systems such as Western Union – which is spread worldwide and available to everyone, are forbidden in India – residents can only receive money, but not send.

However, because of the globalization there is a definite need to open the economy, so Reserve Bank of India has been softening rules and regulations in recent years.

One of the important changes in regards to Forex trading is that in year 2008 Reserve Bank of India has finally allowed currency futures trading. Speculative trading became a permissible operation too – since it became impossible to ask for a proof of a hedging need.
We at Forex4you are happy that one of the biggest and the most perspective country in the world is finally joining the world of opportunities of Forex trading market!
More details are available on the official website of RBI – here.
Note that Indian brokers are only allowed to provide USD/INR pair at the moment. Since we’re located outside India, in British Virgin Islands, we do provide customers with many more pairs, many of which are much more interesting for traders because of their nature. Rupee, being a highly regulated currency, is not as volatile as other currencies and doesn’t allow as much analysis since movements depend on RBI decisions and not on market events.
Our another advantage over brokers registered inside India is that we don’t have any fees or minimum transactions/deposits. Services are much more affordable at our company!
How You Make Money Trading Forex
In the FX market, you buy or sell currencies. Placing a trade in the foreign exchange market is simple: the mechanics of a trade are very similar to those found in other markets (like the stock market), so if you have any experience in trading, you should be able to pick it up pretty quickly.
The object of Forex trading is to exchange one currency for another in the expectation that the price will change, so that the currency you bought will increase in value compared to the one you sold.
An exchange rate is simply the ratio of one currency valued against another currency. For example, the USD/CHF exchange rate indicates how many U.S. Dollars can purchase one Swiss franc, or how many Swiss francs you need to buy one U.S. Dollar.

How to Read an FX Quote

Currencies are always quoted in pairs, such as GBP/USD or USD/JPY. The reason they are quoted in pairs is because in every foreign exchange transaction you are simultaneously buying one currency and selling another. Here is an example of a foreign exchange rate for the British pound versus the U.S. Dollar:

GBP/USD = 1.7500

The first listed currency to the left of the slash (“/”) is known as the base currency (in this example, the British pound), while the second one on the right is called the counter or quote currency (in this example, the U.S. Dollar).

When buying, the exchange rate tells you how much you have to pay in units of the quote currency to buy one unit of the base currency. In the example above, you have to pay 1.7500 U.S. Dollar to buy 1 British pound.

When selling, the exchange rate tells you how many units of the quote currency you get for selling one unit of the base currency. In the example above, you will receive 1.7500 U.S. Dollars when you sell 1 British pound.
YOU SHOULD DEMO TRADE FOR AT LEAST 6 MONTHS BEFORE YOU EVEN THINK ABOUT PUTTING REAL MONEY ON THE LINE.

Forex Guide answers:

Lesson learned dude. With regards to legality, I guess there is no law on that considering it is virtual. However, you can ask your broker. Some offers a sort of rebates to those losing traders. . I heard that from my uncle. He is into trading too

Forex Guide answers:

The first thing that people who will be wealthy in the future learn is budgeting. This means delayed gratification. That means that the skills that would put you into being a successful forex trader, discipline and delayed gratification do not meld well with your desire for a Lamborghini. Your lack of study focus and ability also means you lack discipline. Since you can’t master basic stuff at the high school level you will never master such nuance based issues as are present in the forex or stock market.

If you come from modest roots, you have to learn such skills if you ever hope to be wealthy. I know it is possible to go from noggin head idiot to successful millionaire, but it will take discipline. A skill you apparently lack and are unwilling to develop at this time .

Before you waste your seed corn on investments you might consider using a “simulated” portfolio on Yahoo finance where you can test your skills and measure your competence. The market will be choppy for the next 6 months…give it a try and see if you would have made money or lost your fortune.

Forex Guide answers:

As a trader and trading educator, I would shy anyone away from Forex unless you understand that you are trading a completely unregulated market full of crooks, thieves, and worse. If that doesn’t bother you, have at it.

Alternatively, you can trade currency futures on a regulated exchange, but require much more funds and experience. Better to get a good education before you jump in there.

If you still want to go forward, I’ve sourced you to one of the better brokerages for small accounts. Not insinuating that you have a small account, but better to put in a few bucks and try your hand without risking the family slush fund.

I have had account with them for over 10 years and have never had a problem. They allow you to start as small as you would like, so a person can go in with $10 bucks and take small meaningless trades with real money – much better than trying on sim as you add just a bit of emotion, even though it’s chump change.

Forex Guide answers:

I think this will be good for you .

Http://www.avafx.com/

http://www.avafx.com/forex-promotions/new-account-bonus/

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

Can deposit money from singapore ( using western union )
1. Is in SINGAPORE POST (singapore )

My web page

http://homecareers7777.goo-board.com/index.htm

http://groups.google.com/group/homecareers7777

Forex Guide answers:

FOREX is terrible for novice investors. 75% of all investors lose nearly their entire stake within the first few months because the game is stacked. The FOREX trading company sets exchange rates, not the open market. You’re playing against the house. Due to the minimum lot sizes (usually several thousand dollars each), you MUST leverage your investment of several hundred and when the currency goes down by a tiny fraction, the company forces sale of your investment before you have a chance to recoup losses in order to meet the margin call. Stay away.

Don’t take my word on it:

http://discussions.latimes.com/20/lanews/la-fi-amateur-currency-trading-20110403/10

But if you still insist, I’m betting 3 to 1 that you lose your entire investment within 120 days.

Forex Guide answers:

FINRA registered brokerage firms are not allowed to accept credit cards for deposits. It’s part of the anti-money laundering regulations.

Your issues with Scottrade aren’t specific to them. That’s how cash transactions settle per the SEC. To avoid this delay, establish a margin account and you can use the proceed of the sale right away.

As far as trading stocks and Forex in the same account, Zecco is the only brokerage I know of that allows you to trade both.

Forex Guide answers:

Goldfish has been taken over by Barclaycard so you now get ripped off the same way that Barclays customers do. You get a charge and a commercial exchange rate. Previously, under Goldfish, you got a “tourist” rate which means a charge of about 5% was built into the exchange rate.

If you have a Nationwide Credit Card, there’s no commission and balances are converted at a commercial rate. If you have a Nationwide Debit Card, you can draw cash out of foreign ATMs on the same basis.

Forex Guide answers:

A good Forex indicator is a must have for any forex trader get more information on forex signals here http://www.slideshare.net/Curtlectual/forex-signals-6449938

Forex Guide answers:

Here is what you need. Last month they called over 5600 pips. IF you want more details email me at rbw1226@yahoo.com

COMING SOON!! “STRIKES TRADER” … a revolutionary and innovative new concept to trading based on the Lightning Strikes Trading System.

It’s simple, successful and the most profitable trading method made available to the public.

HERE’S HOW IT WORKS:

1.Our team will simultaneously take trades on up to 22 currency pairs using one tenth of one lot on each pair, thereby minimizing risk and maximizing profits.
2.Trades will immediately be posted to a “spread sheet” where the most recent activity for any trade will be shown at the top of the spread sheet.
3.Using your trading platform, you may take as many of the posted trades as you wish.
4.No e-mail or text message notifications will be issued due to the unreliability of instant delivery so it will be necessary for you (the trader) to review the spreadsheet periodically throughout the day to check for any updates (new trades, move stop loss, close trade, etc.)

SIGN UP NOW:

1.From this link www.lightninglive.com login to “strikes trader”.

Forex Guide answers:

There are three real-time moving indicators: Price, Volume, and of course Time.

Most traders focused on PRICE indicator and hundreds of other indicators derived from it, they miss two other important indicators – VOLUME and TIME. What moves the price? VOLUME and the forces driving the volume. How to see price movement? Over TIME. You need to observe Price, Volume, Time and their dynamic interactions.

The best Forex indicator (or for any other financial market) is Market Profile. More information on market profile trading can be found at:

http://www.squidoo.com/stock_technical_analysis

Or Google search “simple best technical indicator”.

Cheers!

Forex Guide answers:

You can work out pivot points yourself based on the previous days opening and closing levels.

Go to a site like babypips.com to get a formula or link for a MT4 download.

Depending on the platform you use – some have them built into the charts themselves.

Weekly and monthly pivot points are also very powerful.

Forex Guide answers:

As far as I know there is no indicator on the volume of forex charts.

That is why banks and larger institutions have the upper hand on retail investors as they can see and hear about the large orders coming in whereas the retail investor is left out in the cold.

Forex Guide answers:

Aroon can be used as a trend indicator but difficult to trade from, just set up moving averages and when all of them are in agreement enter some papertrades, these are better free trend indicators, more commonly used and generate pips if you use multiple timeframes for the averages.

Good trading
mark mc donnell
www.forexearlywarning.com

Forex Guide answers:

Most traders are aware of the two widely known approaches used to analyze a market, fundamental analysis and technical analysis. Many different methods can be used in each approach, but generally speaking fundamental analysis is concerned with the question of why something in the market will happen, and technical analysis attempts to answer the question of when something will happen.

There is, however, a third approach to analyzing a market. It combines the best of both fundamental and technical analysis into a singular approach that answers both questions of “why” and “when” simultaneously; this methodology is called volume spread analysis

What is Volume Spread Analysis?
Volume spread analysis seeks to establish the cause of price movements. The “cause” is quite simply the imbalance between supply and demand in the market, which is created by the activity of professional operators (smart money). Who are these professional operators? In any business where there is money involved and profits to make, there are professionals. There are professional car dealers, diamond merchants and art dealers as well as many others in unrelated industries. All of these professionals have one thing in mind; they need to make a profit from a price difference to stay in business. The financial markets are no different. Doctors are collectively known as professionals, but they specialize in certain areas of medicine; the financial markets have professionals that specialize in certain instruments as well: stocks, grains, FOREX, etc.

The activity of these professional operators, and more important, their true intentions, are clearly shown on a price chart if the trader knows how to read them. VSA looks at the interrelationship between three variables on the chart in order to determine the balance of supply and demand as well as the probable near term direction of the market. These variables are the amount of volume on a price bar, the price spread or range of that bar (do not confuse this with the bid/ask spread), and the closing price on the spread of that bar

Forex Guide answers:

In your mentioned system, Volatility is high and it is hard to take a proper action in time particularly on minutesand get benefit, but generally RSI indicator is better than others please remember it as a rule that the price chart is Itself the best indicator and includes all thing you need in trading.
Good luck!

Forex Guide answers:

1) Is it the “best”?……No.
2) It’s a good method when it “works”.
3) It’s better to develop your own method that you feel comfortable trading instead of buying somebody else’s that may not “fit” you properly.

Forex Guide answers:

Forex indicators are a series of different data points that are commonly used to predict movements of currencies in the Forex market. Before investing, an individual can have a clear view of what the advantages are from using these indicators. It is imperative to have a strong grasp of what the Forex market is, as well as how the trading commences in this particular ‘ in demand’ market.