Forex Guide answers:

New York Session / American Session

This session opens daily at 13:00 GMT also 8:00 EST and closes at 22:00 GMT also 17:00 EST. The hot time in this session is usually when the euro traders are still active. Which is between 13:00 and 17:00 GMT also 8:00 EST and 12:00 EST. The most liquid pairs during this session would include USD/CHF, GBP/USD, USD/CAD and EUR/USD.

Regards

Forex Guide answers:

To resolve these problems about forgot my Windows password, you can simply reset or change forgotten Windows password with a password reset disk. A password reset disk is a flash drive configured with your current password, specially formatted to reset the password on Windows machine when you ever forget it. It acts as a key to unlock the account. But the problem is that people who forgot Windows password often forgot to create a password reset disk and cannot log on computer with any user account.
Http://windowspassword.org/windows7/how-to-unlock-computer-if-i-forgot-my-windows-password/

Forex Guide answers:

After some information gathering, I have a feeling every forex broker is evil since we have conflicting interests. They trade against us. They wish us to lose. They make many fabrications in order to deceive you, and so on.

List all the reasons why the claim is valid

False Advertising & Fabrications: – “No commissions” is plainly deceiving
Brokers deceive you about there being no commissions. $30 minimum/round turn (called the spread) is in reality a commission that eats up your capital at an astonishing rate. Even winning traders lose money and end up with negative results because of this outlandish overhead. Trading futures, you should never have to pay a broker more than $10/round turn, and usually quite a bit less than that.

- The truth about guaranteed fills: True but¡K The only way a broker can guarantee fills is for the broker to become the buyer or seller of last resort. That means the broker is running a bucket shop. All forex brokers are the buyer and seller of last resort.

- Lying about the volume: Brokers do not tell the truth about volume. They show the volume for all forex trading, which doesn’t even come close to the volume they truly have at their own brokerage, which is where you are trading. Volume in currency futures is considerably higher than the volume traded at any single forex broker, often greater by a factor of ten.

Defraud of your money

- Leaning: Brokers say they are charging you a 3 pip spread to trade the popular currency pairs. But in reality a broker may be making as much or more than 10 pips on your trades. He does this by skewing prices. Since you are not trading at an exchange, the broker can feed you any price he wants to feed you. He can buy at the bank for perhaps 7 pips less than he sells to you. He then charges you 3 pips for the privilege of being ripped off for a total of 10 pips.

- Skewing price quotation
What is the true price? A forex broker can only give you the price of a currency as quoted to him by the bank through which he trades. Banks have differing prices for a currency. You never know what the real price is because there is no central exchange through which all prices flow. Besides not knowing the true price from the bank, you can also be deceived by “leaning” or “skewing” of the real price at the bank. Forex brokers commonly lean the prices.

- Immoral Stop Running/Hunting
You are told by forex brokers that there is little or no stop running. This is one of their biggest and boldest fabrications. The truth is there is far more stop running in forex than in futures, and possibly as much stop running as in the stock market. I have friends who work in forex as well as many traders who of necessity have to trade forex. One of my students is a market maker in forex. These are people who should know, but in case you don’t want to believe me or them, simple observation of forex trading will reveal the vast amount of stop running that takes place there. Who is it that runs the stops? Why it is your friendly forex broker. The broker has a vested interest in seeing to it that your orders are filled. Stop running is nothing more than order filling. The broker sees to it that everybody’s order gets filled.

- Wipe you out by “false” spike: Sometimes, there’s very quick spike in candlestick on a broker’s chart, but there is nothing happening on the others’ chart. A stop-loss is triggered simply due to that suspicious spike.

- ban you if you can win their money: Probably you have heard that if you are winning regularly in forex, you may be barred from trading. Is this true? Yes it is. The fact that it is true is just another proof that when you trade forex you are trading at a bucket shop. In the book, “Reminiscences of a Stock Operator,” we are told that Jesse Livermore was banned from trading at certain stock brokers because they couldn’t stand him beating the house. The same thing is true with many forex brokers. Since they are the ones guaranteeing you a fill, they are in effect the buyer and seller of last resort. The truth is that most forex brokers have precious little liquidity at their firms. In order to give you the impression that there is liquidity, it is the broker who gives you your fill. It is the broker who does the stop running that supposedly doesn’t exist in forex. But if you are regularly beating the socks off the broker, he will ban you from trading at his firm.

Potential Danger about Forex Brokerage Firms
- Unregulated: Forex may sound like an exchange but it isn’t. It exists entirely in cyberspace with every broker and every bank having different prices for any particular currency. There is little or no regulation, even for brokers who register with the CFTC and the NFA. Forex brokers do not have to mark to market each day as do futures brokers. If your forex broker files for bankruptcy or absconds with your money you have zero recourse.

- No guarantee: If

Forex Guide answers:

It is just the platform fascility.
When ts is set by distance it will generate two things one stop loss and other trailing distance.

Forex Guide answers:

Read _Dummies Guide to Technical Analysis_. Forex is all about technical trading. Realize, though, that while stock investing is difficult because the big institutions play a major role, Forex is even more difficult because the big institutions (banks) account for virtually all of the volume.

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:

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:

Http://382caipafakhdz3apn6ewhkog6.hop.clickbank.net/?tid=FAPCOMMUNITY

http://0db9ecpedlpe2-5abhzf3yrv5b.hop.clickbank.net/?tid=FAPTURBOSALE

good luck but it takes knowledge as well

Forex Guide answers:

Here May Be you Check It .

It mas Taken Just Min’s of time But The Matter Of Question How It’s Making Money ? Here I’m giving Some One Of the latest Incredible Software.

Forex Guide answers:

Hi
here are some best forex trading platforms to strat trading
——————————
forexplatformslist.com
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good luck

Forex Guide answers:

The only way is if you sit on top of the trade and watch in real time those signals. You will not find an EA for a few hundred dollars that is profitable long term. You are best off learning your own trading style and developing your own trading plan. Why would you spend time marketing a EA or robot, that was profitable. You wouldn’t you be too busy trading it.
Check the websites mentioned, also forex forums, forexfactory, trade2win etc. Also ask the 10 questions listed here. Http://www.wheresmystop.com/Forex-Trading-Systems-Robots.html

1) Whats your refund rate? Major question! What are refund terms 30 days, 60 days? You reckon you will know how successful a robot is after 30 days?
2) What brokers, if any, allow use of said automated robots? Some Brokers won’t, some platforms can’t.
3) What markets does it trade and time frames involved?
4) Profit history – Is this Hypothetical, Simulated over what time period months, years? Trending markets, ranging markets?
5) Small print small print small print ‘Past performance does not mean’ etc
6) Is it bait and run? I.e ‘limited number’ once sold, sellers gone..
7) Support Technical help etc

Good luck.

Forex Guide answers:

I’ve heard people touting Fap Turbo more than any other, but they’re the new hip thing.

There were several groups of us programming computers in the Nineties for the new neural net programs that could learn from its own mistakes and optimize itself, using branching techniques and if/then statements. We could optimize and curve fit and see it profitable on historical, but none were ever consistent real time. The same holds true today.

Just think about it. All the big money traders and institutions and floor traders and funds and banks, and they all have computers and programmers and experienced traders and they can all move the markets by small amounts, to a certain degree. All they have to do is buy Fap Turbo, see how it works, then trip the signals and take the market the other way.

I’ve made it sound like a conspiracy, but that is a simplified case. Any indicator that becomes well-known and widely used, will stop working consistently at some point. There are literally thousands of indicators out there that worked really great at first, but work about as well as a coin toss now.

If Fap Turbo makes so much money, why do they need to sell it?

Forex Guide answers:

The FAP Turbo expert advisor does not have a free trial. You would have to purchase it to trial on a demo account.

I would also suggest that you carefully evaluate any expert advisor before purchasing. You can find many evaluation websites for expert advisors such as www.4xproject.com .

And there are online forum communities where you can discuss expert advisors with other traders such as www.donnaforex.com/forum

Forex Guide answers:

Hi,
here u can find best a list of forex trading platforms to practice or for real trading which most traders use
————————————

http://forexplatformslist.com

————————————
good luck

Forex Guide answers:

Hello
here you can find a list good trading platforms that we can open free practice account or real trading

http://forexplatformslist.com

good luck

Forex Guide answers:

I don’t know of a broker offering $50, but FXCM offers an account funded with $25 at trade shows. I got one last year at the Las Vegas Traders Expo. If you click the link below it should probably still work.

Forex Guide answers:

A virtual account sometimes called a demo account is what the broker will offer you so that you can test out their platform. You would normally see and perform the actions of a real trader accept that you will be using virtual money instead of real money.

A demo account is a great way to test out different brokers and also test out your trading strategies without costing you anything.