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:

Common Sense is right.

To make money in this market, you need to pay your dues first–learn everything there is to know about making money in forex trading.

Richard Dennis once said that even if he were to publish his trading secrets in the leading newspapers, not everyone who will use it will make money.

There are traders who make money trading with the simplest trading methods. As Alexander Elder said, the three keys to long term success in the markets are Mind, Method and Management.

The goal of a good trader is not to make money, but to trade well.

Good luck!
- jim http://jsforex.blogspot.com

Forex Guide answers:

The forex market is highly risky and there a lot of suspicious offers been made. If a robot can guarantee you just 20% a month than in less than three years a $1000 dollar investment can turn into half a million dollars. When it sounds too good to be true it probably is. The only way to make money in the forex market is to put in the hours to learn about the market and experience trading as much as possible.

Forex Guide answers:

First of all Bob needs to get his facts straight. Forex is NOT a futures market. Because it’s highly leveraged like futures doesn’t mean it’s futures. Forex is the currency markets, where you trade a currency pair like the EUR/USD or USD/JPY.

Is it risky? Yes. But so is driving. How many people get killed on American Highways everyday? Does that mean you should not drive? If you drive safely, defensively, and watch your speed, etc., then you greatly increase the chances of getting to your destination safely. Same thing with trading.

It kills me when these people make general comments like that. Everything has an element of risk to it, but it doesn’t mean you shouldn’t do it.

And FX used to be for the big boys only. Prior to the early 90′s if you wanted to trade FX, you needed a net worth of at least $10 million and an account minimum of $1 million. But, today you can open an account with as little as $100. Other things like stocks, options, futures, etc. You need to have at least $5,000 to open an account.

Now to answer your question an Expert Advisor is basically an automated trading robot. It’s just a system that’s automated and will trade your account for you.

Hope this helps.

Forex Guide answers:

Over the years I have traded a lot of EAs. Some with live money (like Steinitz HAS), others with demo money. I have made money with some and lost money with others. I did make money with Steinitz for a 2 months I traded it but I also have friends who have lost a lot of money trading Steinitz. Here is the reality, there is no such thing as an EA that will consistently make money. Why? Because the market is constantly changing and no system (except the Holy Grail) can make consistent profits without human insight. That is the reality.

Here is what I recommend. Rather than going out and buying a Forex trading system programmed into an EA; educate yourself about Forex, design a couple trading systems that work across multiple market types, and then have them programmed into EAs. This way, you will know what moves the market, why your EA works, and you will be able to achieve steady profits.

Forex Guide answers:

Woudlnt recommend autopilot, imo. Learn technical analysis yourself and trade forex. Goodluck but more importantly be careful.

P.s. Before you trade, read as many books you can or you will most certainly fall

Forex Guide answers:

Why don’t you learn how to trade form the experts. Analyze how they do their trades and try to do them yourself. Forex signals are good guides on knowing when to enter and exit the market.

Forex Guide answers:

If the position was closed automatically without any stop or limit set, then it was most likely a margin call. If you were left with $2,000 in the account then the margin requirement for each 100k standard lot would have been $500 indicating a total margin requirement of $2,000. This leaves you with $2,000 in usable margin to guard against losses on your account. If the $2,000 goes to $0 due to losses on your EUR/CHF positions, a margin call will occur.

You can verify if the trades were closed due to a margin call by running a report on your account. Goto the top of the platform, click on the Report button, and run the report for the day the trades were closed. In the Close Position section at the top of the trading report, you will see a column titled Condition. If it lists MC as the condition for the closing order, that stands for Margin Call.

There’s also an explanation of the margin call feature on FXCM’s website here http://www.fxcm.com/execution-risks.jsp, scroll down towards the bottom of the page.

If that doesn’t answer it completely, I would recommend contacting client support since support available 24/7.

Forex Guide answers:

First off, If she is a Rep for a Forex broker than she probably does have to work/travel a lot. I trade Forex professionally and my Broker Rep (out of Switzerland) is constantly traveling to meet with clients all over the world. He will spend most of October traveling from one U.S. City to the next meeting clients. Also, the Forex market is open around the clock and so Broker reps work ridiculous hours. My Rep once answered a Skype message I sent him in the middle of the night. He woke up to talk to me.

Two, it doesn’t sound like she is very interested. The messages you posted from her seemed cold and uninterested. However, I’m no expert – I can barely read my own wife most of the time.

Good luck!

Forex Guide answers:

If you read the fine print on any mutual fund prospectus, you will find there that “previous performance is not a guarantee for future results” or something that sounds like that.

Did your financial advisor disclose that they are going to get commissions if you bought into this 10% mutual fund investment? Some CFA’s who charge upfront fees will still get commissions from the mutual funds or other investments that they sell. In some investments that these CFA’s sell, they get ongoing commissions, year after year. Now who pays for these–the mutual fund, or you? You should be clear about this with them to rule out possible conflict of interest.

10% is pretty average (lame, IMO) return for a mutual fund. You need to ask if, considering the recent stock market situation, if this 10% return still exists. Some mutual funds do not update their funds’ performance until after a given period of time.

You mentioned that Morning star rated this fund as 5 stars and has good overall outlook. What does this mean? Good overall outlook based on what? Compared to what? Compared to a standard benchmark, how did the fund perform? Factoring in all fees that you, the investor will incur, what will be your expected returns?

What type of investments does the fund invest in? There are several fixed income securities that you can invest that pays 10%.

If you were to invest like everyone else, then the returns you will get will not fare better than every one else.

Good luck!

Forex Guide answers:

I have personally been doing a bit of research on work from home companies for about 4 1/2 months now and i”ve run into quite a few good companies that you can do in your spare time and earn a stable income. People who work for these companies generally are college students, stay at home moms, retired persons, people looking for a second or third income. I have been scammed by a few companies as well I have all information posted on my blog for people looking to work from home I also have a list of companies to watch for. Most people think that if they charge a fee then its a scam but my research has proven to differ. Believe it or not most of the scams that I’ve been through were free to join you can view more info here

Forex Guide answers:

Never heard of this company. You may want to do further background checking on the company, do visit their offices if possible.

Personally, I would go for other more reputable and established company.

Good luck.

Forex Guide answers:

As they say on Forex “previous trading results do not guarantee profits in the future”.

But that does not mean you need to stop. God speed. Just take care of the risk management and do not trade higher than 1/20th or 1/25th of the balance sum – then you can be sure that with unexpected losses you do not suffer from the surprised of the currency market.

Forex Guide answers:

If you are confident with your skills and experience, you can trade on your own. You don’t really need $5000 to start trading. There are brokers that will offer you a live account for $500. You should not have problem to start earning pips.

Below are some broker that you might want to try:
easy forex: http://ads.easy-forex.com/Gateway.aspx?gid=108163&bid=802
fxdd: http://www.fxdd.com
finexo: http://system.referforex.com/processing/clickthrgh.asp?btag=a_5892b_2661

Forex Guide answers:

Stop cheating the public with such dubious claims. With the global economy in such doldrums, no one can even dream about such foolish things. Stop using Yahoo answers for your personal use.

Forex Guide answers:

That is ridiculous
there is no guarantee you will make any money , never mind enough to pay back 20% in one month

especially as an absolute beginner

what happens if you don’t make at least 20% or you LOSE money and can’t pay back your promise? What good are you then?

You have been working and studying it for 5 yrs and you have no money of your own to invest?