Your Questions About Forex Card
January 8, 2012 by Forex Guide
Filed under Forex Account
Maria asks…
How hard is it to buy gold online for cash in the real world?
All I wanna do is provide the credit card info, schedule a pickup or have the pure gold delivered, and then sell it to a pawn shop/precious metal dealer for an almost exact price. All I want is the cash. Why when I google this all I get is advice about investment and value of gold. I don’t mind a 25cent change in value over a day, just as I don’t mind being a loser of a quarter(That’s just one cigarette, haha)
When planning to visit another country, do you have to wait in line behind overly-eager investors, brokers, forex, arms that never get tired staying up etc. just for cash? Excuse my ignorance in all the financial lingo, it’s waay too confusing even coffee feels like beer.
Forex Guide answers:
If it is too confusing, then you shouldn’t be investing in gold. You’ll never be able to do what you think you can do. First there is the spot price that a dealer will pay, then there is a markup price plus shipping that you will pay for the gold. Then when you want to sell the gold, the dealer will offer you a discount price to buy your gold.
Depending on from who you purchase your gold and type of gold (bars, coins, collector coins, etc.), you will likely have a round trip surcharge of 10%-70%. If you don’t understand the different costs, you will likely be very sorry that you ever purchased gold.
Ken asks…
is this considered fraud or illegal in anyway?
I’m 19 and Im a trader. Im good at trading but don’t have enough capital to actual get me anywhere anytime soon. Can I register for credit cards, make a paypal store for with buy it now buttons and charge my limit on my credit cards to my own paypal, then take that money put it into my forex account and trade with it? Is that legal or is it fraud? If its fraud what are my chances of getting caught? And i am fully aware of the risk of losing all the moenyin the market so don’t lecture me on that…
Rubadub I have a solution to them finding out.. I could always go into a walgreens and by a prepaid credit card or whatever you call those things then use that prepaid to buy another prepaid from walmart for example then finally put that into my paypal… they can probably track that too but I’m sure it will buy my some time
Rt u are right about investing but sir I am not investing I am speculating some would even say gambling… so y use my money when I can use the crreid card companies money
I’ve had a partrime job since 8th grade… and getting the cards should not be a problem, I’ve had a credit card in my own name since I was 16 which my parents got for me to start my credit score… I get credit card offers in the mail for cards with 10000 dollar limits so….
Also I do have every intention of paying the money back but obvioisly if i lose it all I won’t be able too…
I could do the cash advance thing I think I could manage but yeah the 29% after a month is what I. Worried about. That’s y I want to transfer it into my paypal and not make it a cash advance even though it is… I guess the prepaid won’t work if u can only use cash… hmmm I have to think now… I’m sure ill think of somthing
And this could destroy my credit score yes I know, that’s a risk I’m willinf to take.
Forex Guide answers:
Yes, that is illegal. It’s a form of “kiting”. It’s also speculative so you could end up losing the money and then have nothing to pay off your debt. Investment should only be done with discretionary money!
EDIT:
You are still “playing the float”; borrowing money to use during the grace period. This is commonly referred to as “Check Kiting” but it’s the same principle.
Http://en.wikipedia.org/wiki/Check_kiting
Thomas asks…
What carrer should I pursue?
I’m a 20 year old Russian native male. I immigrated to the USA with my mom when i was 6 years old. For the past 5 years I have literally been obsessing about the stock market. I’ve spent more time reading books on trading and investing than anything else. I also spend hours a day just looking over charts(im a technical analyst, but also weigh in the fundementals. I have become a rather consistantly profitable trader in the stock market (key word stock market) However, with no real money. Now forex on the other hand my results have been not so good, but ive been trading forex live for less than 6 months total time over a year period. I’ve also been gambling I lost 6K over the past year. I only make around 7K a year at a min wage job. Anyway, I did some time as a juvie right after the market crashed. I knew right then in there i needed the most money ASAP so i could buy cheap. Unfortuantly, I stole a gun.. panicked gave myself up. I did 1 year. Afterwords, I was ridden of my criminal record. it literally exists no where and no one can see it. I still have 2 years before its completely destroyed The court has the papers but thats it. I was never fingerprinted during my intake the first night or anything at the police station. My PO says not even the FBI can see it. So im clean went straight. Ofcourse, when i was locked up i maintained straight A’s only to find my GPA back at my high school drop from all F’s in the classes. So i dropped out. It was my senior year. I took the GED and passed. Now I am going to a community college. I’m preparing myself to transfer to Fordham or University of Illinois. Ofcourse, there are competitive schools so my backups are DePaul, PITT, Syracuse, and Seton Hall. When I transfer I will major in finance. I am trying to double major in math too. However, I have to take remedial math courses so I’m not sure if i will be eligible and be able to complete all required math courses for transfer in the time I have. For the longest time I have wanted to become an airline pilot> Since I was 3 years old and took my first flight which infact my greatgrandfather flew> Aeroflot Airlines< I took some flying lessons growing up and absolutly am just in a better mood when Im flying. Whatever happens I must become a pilot even if a recreational one. My career goal is to become a trader on Wall st. I'm referring in general to financial markets. Chicago, NYC, Boston, London etc… Not just downtown manhatten although THAT would be a dream come true. Honestly though, I love traveling I don't want to work 7am to 4pm weekdays then study the markets even more at home. Don't get me wrong I love trading and it truely is my passion. I'm just not even sure if i want to work in an office. I rather be an airline pilot. However, if i choose that path then im inclinded to financial poverty. Only after 20 years will i make anywhere over 80K a year. Even then employment may never turn around. Trading too is very competitive Im going up against ivy league students. I loove being outdoors in nature too. I fanatise about just leaving everything and hiking across the country or on the 3 major trails an doing through fairs. I also want to hike the himilayas and go to macchu piccu amounst other beautiful natural wonders. I just want to travel the world It is literallly number 1 on my list of things I most desire to accomplish. I need to travel or I will be misreble forever. I have no money right now. I just lost it all playing high stakes poker. I broke my rules and got punished. Lesson learned I will never touch cards again.. ever. Im not really sure what career i want to pursue though. Can any help?
Forex Guide answers:
Maybe business studies
Mandy asks…
Stock trading question; Serious answers please.?
Hi
1. Would you recomend etrade, scottrade, or forex, and why?
2. How much (estimate) does it cost to buy or sell on any of the three;
a. is it a fixed price or it depends on how much you’re trading
b. Is it on percentage or …?
3. is it cheaper to use these online brokerage or to use a financial investment office, is it cheaper?
4. Do you buy stocks only with check, bank account if you’re buying online or can you use credit cards or debit cards?
THANKS FOR YOUR ADVICE
Forex Guide answers:
ETrade is expensive and has many hidden fees.
Scottrade is “OK”, but better for a semi experianced trader.
Forex: Apples and oranges, Forex is an asset class (currency).
You’re asking the wrong questions. Looking for a broker is the last thing you should be doing. In order to pick a broker you need to know your requirements. What order types are important to you? Is fundemental analyis important or is technical analysis? What about a charting package? Do you need conditional orders.. If so what types?
(and many more such questions)….. It would be a mess to chose a broker and then find out they don’t do what you need.
So…. The answer is simple & smart;
Learn stock investing…. At least the basics. Take 6-12 months or more. I guarantee you… It will save you from making typical mistakes like;
Buying stocks because they’re “cheap”.
Buying stocks under $5.
Not using stops.
Not using limit orders.
Etc……………………..
Good luck.
William asks…
Stock Investiment question; serious answers please?
Hi
1. Would you recomend etrade, scottrade, or forex, and why?
2. How much (estimate) does it cost to buy or sell on any of the three;
a. is it a fixed price or it depends on how much you’re trading
b. Is it on percentage or …?
3. is it cheaper to use these online brokerage or to use a financial investment office, is it cheaper?
4. Do you buy stocks only with check, bank account if you’re buying online or can you use credit cards or debit cards?
THANKS FOR YOUR ADVICE
Forex Guide answers:
1. Would you recommend etrade, scottrade, or forex, and why?
I use TD Ameritrade. Cheap commissions and lots of services.
2. How much (estimate) does it cost to buy or sell on any of the three;
a. Is it a fixed price or it depends on how much you’re trading
$9.99 per trade no matter the number of shares or cost of the stock.
B. Is it on percentage or …?
See above.
3. Is it cheaper to use these online brokerage or to use a financial investment office, is it cheaper?
Discount online brokers are the cheapest way to go, but you get no advice.
4. Do you buy stocks only with check, bank account if you’re buying online or can you use credit cards or debit cards?
Linked to my checking account and I keep some funds with the brokerage.
Powered by Yahoo! Answers
Your Questions About Indicator Forex
December 28, 2011 by Forex Guide
Filed under Forex Account
Helen asks…
How do I use an Aroon indicator in Forex?
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
Ruth asks…
What indicator to use with volume spread analysis in FOREX market?
What indicator can be used to confirm it with volume? That actually works well when used with volume Thanks
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
John asks…
the best indicator system to use on 1min and 5min chat forex?
am looking for the best indicator system to use on 1min and 5min chat forex or the best robot that is free to use on 1min or 5min chat on any gbp/jpy
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!
Lisa asks…
Is Fibonacci the best indicator for the Forex market?
I was viewing a video on http://www.warrenforren.org about Fibonacci and it seemed like a great method. Is it the best?
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.
Sharon asks…
Waht is the name this Forex indicator?
Waht is the name this Forex indicator?
http://s54.radikal.ru/i143/1008/37/0c8140a77ac9.gif
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.
Powered by Yahoo! Answers
Your Questions About Forex Demo Trading Account
November 18, 2011 by Forex Guide
Filed under Forex Account
Thomas asks…
DO YOU THINK FOREX IS A CLEAN BUSINESS?
many broker place a lot of tips on how to make money on forex. but my question is who is when everybody is winning trade who is lossing? they claim to get there gain from different in tips but i dont believe them. i opened account with two forex in the past but i never understand how the account run down.i traded on demo for along time and i never loss .I like to trade forex but i dont truth any broker.since forex is a zero sum game i know no brokers will allow is company to run down they must find away to save it either good or bad,with all the winning tips on there site i dont think they pray any one should win.this is my opinion i my wrong or right pls tell me?
Forex Guide answers:
No broker knows whether any thing is going up or going down. Most of them look at charts and recommend that you follow a trend, but even if they are right, nothing goes straight up or straight down, so even if you buy something that is going up, it will have down days which might result in a margin call and you might be forced to sell.
I suspect that a lot of brokers tell half their customers to buy and tell the other half to sell short. That way they would be right half the time but woud get commissions all the time.
T Boone Pickens made seven billion buying oil futures. But when oil peaked out he hung in there and lost several billion.
David asks…
Forex Market Order, Create Order in forex platforms?
I’m new to Forex, just started a demo account with a forex broker. I open a position by clicking the tab “open trade”, but there are some more options nearby like “market order”, “create order”. I don’t know what the use of these market order or create or order. Someone please help me with this.
Forex Guide answers:
A market order is an order to buy or sell a stock at the current market price. Unless you specify otherwise, your broker will enter your order as a market order. If you specify the price- thats the create order. See for further explanations http://www.howtotradeforeigncurrency.com/how-to-place-a-market-order.php
William asks…
I need infrmation regarding the forex trader?
I need to konw is it as good as they say it is on its website? what is traded through this process? is there a unlimited time for a demo account?
Forex Guide answers:
It is always false on the cover page. This is to attract people and just make profit through it. I cannot trust anyone like that. I follow only FINEXO because many of my friends have already used it and i am using it since last 2 1/2 years.
The best things i like about Finexo is :
1. Leverage ratio: 1:200 which is quite manageable as high leverage will lead to greater pressure on traders.
2. Rolling charges are quite low compared to other platforms. Also they charge different rates depending on gaining or losing position which is good for traders.
3. Easy deposit and withdrawal facilities.
4. Great fund managers controlling my accounts very well, specially when i am out of trading for some days.
5. 24hr customer services available. Can have live chats directly through Finexo sites.
6. Mobile Alerts and mail alerts
7. At the last, Very well timed forex alerts and tips in order to derive profit through those news.
Betty asks…
Using an Expert Advisor does it differ from demo and live?
Hello i go trading using Forex robots namely expert advisors…. My doubt is i have used it in my demo account and wishing to go for live here DOES THE SAME RESULTS COME IN LIVE ACCOUNT OR DEMO ACCOUNT IS A FAKE FROM LIVE… So if I have a satisfied opinion on my demo and wish to go for a live trading will there be same kind of results or will it not???
Please DO NOT mention about the future or the market’s volatility
Forex Guide answers:
Money management in trading is probably the most overlooked but important skills you will NEED to master when Trading Forex or any other Financial markets. It is at the very core of any profitable trading system.
With a good system it is possible to make huge profits whilst still only being correct with your trades 50% of the time.
Learn how to trade yourself without the Robots. It takes discipline and nerves of steel.
Donna asks…
can’t find forex live classes that aren’t scams?
I want to start taking forex classes at a school or a college but every class I find it is just seminars where they show u boats and houses and they say that could be u if u sign up for our strategy.
I just want to learn the basics when i watch these youtube videos of forex it’s as if they’re speaking german, I cant understand anything let alone trade on a demo account. why is there a thousand courses on stocks and banking but I can’t even find one in all of Toronto on forex? what should I do?
Forex Guide answers:
You need to read and read to learn forex trading. You can visit this site and register to get a free ebook, a free demo account and the opportunity to chat with a LIVE personal Account Service Manager. Talking to an expert forex trader is a lot better than classroom classes. Forex is a volatile market and you need the utmost guide which only these expert Account Service Managers can give.
Powered by Yahoo! Answers
What Benefits You Get With CFD Trading? Discover The Main Ones Now!
December 27, 2010 by Forex Guide
Filed under Forex Brokers
If you made a decision to start dealing with CFDs then, most likely, you already know that CFD trading results in profits from the difference between the prices of different shares. Needless to say that a person, who is truly enthusiastic about trading CFDs and making money this way, needs to gain enough knowledge on the subject of this specific market before he/she indulges himself/ herself in it. That is the reason why it is very important to get a correct guidance and learning. It should be also pointed out that learning and understanding the gains that CFD trading offers, might be one of the initial and most vital things for you to find out before you get started. So, go on reading and you will learn what exactly pluses are provided by this particularly popular form of trading.
First of all, there is a need to emphasize that you will be able to trade on margin. This element is the one that makes it comparatively easy to enlarge the capital used in trade. The truth is that investor has an opportunity to experience more than he/ she essentially holds.
Secondly, you will get the opportunity to trade both long and short. Basically speaking, this means that you, as a trader, will be able to get money by getting involved in trade long or short depending on the specific market situation – falling or growing.
The third basic thing for you to find out is that there is no deposit involved. So, as you understand there is no smallest possible capital required and accordingly, no upfront payment is required from you.
Fourthly, there is no need to mention that the absence of stamp duty is one of the benefits that draws people most of all. As a matter of fact CFD trading doesn’t involve physical exchange of shares, so you will not have to actually buy assets.
Fifthly, CFD trading provides stop loss option that effectively helps to manage the losses.
The last but undoubtedly not least point is this list of advantages is the diversity of options available. I am talking here about that CFD trading provides an opportunity to select the shares, assets or commodities.
After finding this out you can understand why it is so advantageous to trade CFDs. These great benefits attracted millions of persons from different countries (where CFD trading is allowed). So, if you are ready and serious about this kind of trading, it is definitely a worthwhile choice for you to make. Do not miss this great opportunity to earn money without paying some of the extra charges like stamp duty.
Leo Trader PRO Is Live-In Just Minutes, You Could Be On Your Way To Making 113% On Autopilot!
December 27, 2010 by Forex Guide
Filed under Forex Robot
Login to Leo Trader PRO Live Account#1331 and verfit yourself 113% NET PROFIT per month. Watch this shocking Forex Profit Multiplier FREE Presentation that shows a 60 second forex trading method that can be repeated multiple times a day and make 384+ pips in just 12 hours. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade.
Now YOU can make 113%/month with Leo Trader Pro! Leo Trader Pro has opened its doors to all traders! Forget the old FX Bots – Leo Trader Pro is the FUTURE! You’ve seen the proof, now YOU can try Leo Trader Pro! The sooner you get Leo Trader Pro, the sooner you start winning! Why Wait? Leo Trader Pro has PROVEN it’s the best in FX! The FX Market has met its match with Leo Trader Pro! Don’t hesitate, you’ve seen the proof! Get Leo Trader Pro Now! Fx Trading Supremacy – Leo Trader Pro – Get it NOW! Leo Trader Pro is the only REAL option for sustainable profit! Leo Trader Pro!! Leo Trader Pro!! GO! GO! GO!
———————————————————
In just minutes from now, you could be on your way to making 113% on complete autopilot using the power of Neural Nets and LEO TRADER PRO – Get your copy right here:
———————————————————
This is what we’ve been talking about all week…
** The world’s FIRST EVER Neural Net based FX robot debuts at the International Traders Expo
** Followed by another Industry FIRST – Account Investor Password PROOF!
** And THEN… FIRST TIME EVER – Account Authentication by the the CEO of a Major FX Brokerage…
Now…It’s YOUR turn…This is the single biggest event in retail FX since automated trading first became a reality. Once in a while, something so good comes along that it changes your perceptions. Leo Trader Pro IS that something…Never before in the history of retail FX have we seen anything as powerful… as precise… as dominant as Leo Trader Pro.
If you’ve been paying attention to all the material they’ve made available over this past week then you know that there’s only one REAL option if you want an AUTOMATED FX solution. Let’s not beat around the bush here…There are NO fake deadlines, NO fake number of limited copies and no “BS” expertly written flashy presentation and sales pitch. What we’re doing today is presenting YOU with the TRUTH… and with cold, hard FACTS. You’ve seen all the proof, you can see it here again if you want to…Here are the stats:
** 113% profit per month
** Almost 500% Net Gain to date
** Less than 1% Drawdown!
Are these guys for REAL? Is this the TRUE performance of Leo Trader Pro?
==> Leo Trader Pro debuted at The International Traders Expo in Las Vegas – they’re not a bunch of guys on the internet that no-one has ever seen before. They had a physical presence before they ever had one in cyberspace!
==> They gave us Investor Password Access to Account #1331. This is unrestricted, completely no holds barred access… YOU were free to scrutinize every single trade on that that account.
* In fact, the Leo Trader Pro Team has PROMISED to leave Account #1331 open to view with Account Investor Password Access PERMANENTLY! They have NOTHING to hide!
You can go there right now…We all thought this was the height of proof… until…
==> They asked the CEO of FinFX to authenticate Account #1331… he’s done so, in an interview and by written confirmation.
They’ve Proven the Proof! It’s GAME OVER for 90% of automated FX Vendors as of TODAY! How can any of them HOPE to compete with this?!
** 113% profit per MONTH!
** Almost 500% Net Gain to date
** LESS than 1% Drawdown!
