Your Questions About Forex Card
January 3, 2012 by Forex Guide
Filed under Forex Account

Ken asks…
Is there any Legitimate Online Investment like real estate, oil production, forex, stock, and commodity trad.?
I invested $100 to http://www.minvestment.com/?r=InvestmentPlan and got $46.50 with a simple interest profit 1.55% per day for 1 month. Then i invested more $2000 with compound interest profit 1.99% per day + extra daily interest 1.2% for 4 months and got $90009.22. It changed my fortune. Now i am going to a be millionaire within 3 years. Yahoo ! Time is money who tells this is right! yes it is absolutely right.
I use to send and receive my money to/from my e-gold account here http://www.londongoldexchange.com
Now i also use to send and receive money to/from my e-gold account with my visa debit card here. http://www.electrumx.com
Is there is any stock or forex training center present where i can learn forex or sharebuilder very well with experience ? I mean if anyone already learnt and made money with them ?

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

William asks…
Online Stock Trading / Forex Trading?
Hello guys. am thinking of doing online stock trading . At the moment i dont know anything about .i’ve been looking for profitable or productive buisness stuffs i could do online, to augment my monthly pay cheque. However i would like to know (1) if its a lucrative online buisness to emback on. (2) If i need special training for it by experts. (3) If the risk is higher than the gain or vice visa.(4) the best institute that could teach me and help me at the initial stage of the trading. (5) is FOREX trading the same as online STOCK trading. (6) Is there any other channel of financial transaction apart from Paypal. I reside in the caribbean and paypal does seem to recognise our credit card transactions. Thanks for your time and answer

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.

Jenny asks…
Going to Thailand. Can we carry Indian currency for expenses. How much? Any limit? What to carry?
Is it necessary to buy forex / dollor from India? I have a credit card with limit of 20000/-
Sorry for question more than 1 time.

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.

John asks…
how to get a debit card below 18 (MASTERCARD)?
m 16 i trade forex and i am very sucessfull it in, can i get it?

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.

Daniel asks…
There are items on my Yahoo Tool Bar I want to remove?
The following are not listed in the window whee one can check or uncheck items The spellings are as on the toolbar
Green Card
Play
Forex
Chinese
Shop

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.
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Tags: Buying And Selling, Currency pair, Yahoo !, trade forex, largest financial market, Market makerYour Questions About Indicator Forex
January 1, 2012 by Forex Guide
Filed under Forex Account

Chris asks…
I need forex Tips Indicator to help me in my trading, Please help me if any one know. Thanks?

Forex Guide answers:
In case you are looking for forex robots or automated system, there is NO such things that will work in the long run, else everyone is rich.
But if you are looking for guides especially on technical trading such as candlestick, MACD and so on, you can easily search it online. Good luck.

Steven asks…
what is the main indicator for forex trading?

Forex Guide answers:
A few years ago, an academic paper was done showing that a random walk does a better job of predicting changes in FX prices than any of the existing macroeconomic models.
Subsequent research by Lyons and Evans shows that the one variable that does a good job of predicting future short-term FX prices is order flow. Order flow is like signed volume — where the sign is determined by who initiates the trade — the buyer or the seller.
Unfortunately, the only people with access to order flow are the traders at the major banks. That puts you at a distinct disadvantage.
In the mean time, the best way to find if FX prices will go upo or down? Flip a coin.

Daniel asks…
Best Forex indicator ?
Hi every one ! can you tell me what is the best strategy that I can use to earn money in the forex market ?

Forex Guide answers:
I’ve read a lot about Forex, but I’ve never seen a proven profitable forex indicator or 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 similar to 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. The net winnings of everyone combined equals zero. 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.
Read the warnings in the links below:

Robert asks…
Sentiment indicator charts for spot forex ?
Is there any free website on sentiment indicator chart for spot forex trading ?

Forex Guide answers:
FXCM has several free charting version. Including ADX and stochastic indicators. Dont know exactly what you mean by sentiment but you can try FXCM. I have included a free demo version of FXCM trading platform video clip here. And a free utility Forex trading reality check tracker. Http://www.geocities.com/lcming/Forexhome & http://www.geocities.com/lcming/Forexbooks

Lizzie asks…
which is th best indicator in forex trading?

Forex Guide answers:
Given the indicators are currently the most talked about Pro Trade Copycat.
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Tags: Forex Guide answers, zero sum game, spot forex, forex trade, large numberYour Questions About Forex Card
December 31, 2011 by Forex Guide
Filed under Forex Account

Michael asks…
can u help me for starting forex ?
i have a pan card, i like to do forex can u tell which is the right institute where i need to open an account..

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.

Jenny asks…
where to find a forex broker with min trade size of 1000 in forex ???
1. where to find a forex broker with min trade size of 1000 in forex ??? 1 lot = 1000 ( not 10,000 )
2. Can deposit money from singapore ( not VISA Card or Paypal )
thank you

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

James asks…
Trading Stocks, forex Online?
I want to ask about trading U.S. stocks and Forex online?
What is the financial requirements? i mean i am having a debt card, and as far as i know i must have credit card if i want to buy online, right?
Can any body knows if it is possible to use a debt card?
Please help

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.

Susan asks…
Discount Online Trading Platform for stocks or forex?
Hello all, I have some cash to invest.For stocks, do any of you know an online trading platform that I can deposit with a credit card? (I have the cash but want to use the credit card to get points) I know some Forex Trading lets me do this.
Also what is your favorite online brokerage to use? I currently have Scottrade but am dissatisfied with the length it takes a transaction “close” After I buy and sell a stock , I have to wait almost 48 hours for the transaction to “clear before I can use that cash again
thanks

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.

Ken asks…
Do all credit cards charge currency commission?
I was surprised to see a “Forex” charge against every payment I had made on my Goldfish Mastercard on a trip to France. I don’t remember seeing this in the past… do all credit card providers do this now?

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.
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Tags: s trading, www.babypips.com/school/the skinny on forex.html, guide answers, Online Trading Platform, 10 years, online brokerYour Questions About Forex Card
December 27, 2011 by Forex Guide
Filed under Forex Account

David asks…
Looking for a reliable Forex Broker, any recommendations?
I have tried eToro, Forexyard, Easy-Forex, and CMCMarkets.
I am looking for a new forex broker (prefferable metatrader 4 platform) which has the following features:
-Low Spreads 1-2 pips for majors
-STP (No Deal-Desk)
-Regulated (FSA, CySec, or equivalent)
-Credit card Deposit
-Bonus on deposit of $1000 and above (20%+)
If you have first hand experience please let me know.

Forex Guide answers:
Hello there,
I think why dont you think about PFG, a ECN broker. Low real spreads, ECN/STP model, NFA and CFCT regulated, bonus and MT4 available. If you want more info just contact me by 1391531950@qq.com

Helen asks…
Has anyone ever filed a chargeback against their forex broker?
I am trading through fxcm. I have been repeatedly locked out of my trade station while trades were open. I lost a ton of cash through slippage. I’m wondering if I can file a chargeback and if so, how? I used a debit card.

Forex Guide answers:
Never… Because i never encountered any such problems. I have a good forex broker and if even i was struck anywhere their support unit helped me to sort it out as early as possible.
See ya

Richard asks…
is it possible to charge my credit card just by the last 4 digits and the 3 security code?
i’m working with etoro forex and i want to withdraw the money to my credit card, but they ask for a copy of my credit card the front and back side, but they told me i can just copy the last 4 digits and the 3 security code on the back,, but i just afraid if they know these digits they can charge or steal my credit without my permission,, so i just want to know if it is safe to give them or not? help please

Forex Guide answers:
I would think they would need not only the entire card number but also the expiration date.

Michael asks…
whats is the debit card atm withdrawl limit for any bank in canada?
please i am an immigrant please suggest me what is the maximum limit of withdrawl in canada bank accepting visa cars,actually i have purchased cad$ via hdfc forex card in india,and i want to know that at one time what is the maximum amount i can take out at one time ,because i know that everytime i have to withdraw something from the atm there is a charge of 2$.so please help me out>>>>>>>thanks
i am a possible immigrant currently living in india >>>>my ques is …is it viable to bring funds via forex credit cards to canada or not?????plz suggest which is the best mode/INSTrUMENT for bringing currency from india to canada???

Forex Guide answers:
It depends on your bank and they set the limit – for example my daily limit is $1000 and weekly limit is $2500 – I can never go above that unless I go into a branch and w/d more
check with your bank and they will advise you – each bank has different set rules

Mandy asks…
what happens when adding money to my credit card limit?
i have a credit card with 2000$ limit i played on the Forex and i gained another 2000$ so my total is 4000$, when i withdraw the money will my limit on the credit card be 4000$ ? or stays 2000$ and what happens to the other 2000$ i gained ???

Forex Guide answers:
You have just increased your credit limit.
Your new limit is now $4,000.
When you use $2,000 of it – your limit will go back to the normal $2,000.
It will not remain at $4,000.
Be careful with forex – only 20% of the people in their first year make money at this.
^^^ Money Magazine.
You must be very smart.
.
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Tags: good forex, good luck, any recommendations, Human Interest, make money, Forex Broker, canada bankYour Questions About Indicator Forex Signal
December 26, 2011 by Forex Guide
Filed under Forex Account

Ken asks…
In FOREX: Why does the MACD line appear to crossover MACD Signal line at different points?
Why when I look at the FOREX EUR/USD chart using the MACD indicator, the MACD line appears to crossover the MACD Signal line and be at different levels above or below 0.0000 when I view the chart in different time settings? For example, when I view the EUR/USD on a Daily chart the MACD looks to be below 0.0000, in a down trend, and crossing under the MACD signal line and when I view the same chart in a 15 min frame the MACD appears to be above 0.0000, above the signal line and trending upwards? Why is this?

Forex Guide answers:
Hi!! What a nice question!! Not everybody wanna know really how MACD works!!!
It will be different because MACD (Moving Average Convergence-Divergence) is calculated based on 3 Moving averages… Custom setting 12, 26, 9… Apply to the close… That means.. That it calculate the average of the close value of the last 12 bars periods or candles… Also the average of the las 26 candles and also the average of the close of the last 9 candles… Si the close of a bar on a 15 mintue chart is different that the close of a daily chart… Thats why the value of the moving averages are different!
If you wanna completely understand how MACD works you can go to
http://en.wikipedia.org/wiki/MACD
cheers

Chris asks…
Forex psychology?
It is possible to trade forex based on news and indicator? I want to trade forex by the information by news of either buy or sell, and then I analyze by using 9 indicator. If 5 signal sell, 4 signal buy I would buy. Can I make profit, regardless high and low?
Sorry, it is I will sell if the 5 indicators signal sell, 4 signal buy, not buy as I had mistakenly written above.

Forex Guide answers:
News trading can be tough especially if the broker widens the spreads.I will wait till the markets settle down after news and stay with the trend.

James asks…
I trade in the Forex Market using a MA Crossover. I need help on how to confirm that cross is one to enter.?
I trade in the Forex Market. I use a Liner Weight Moving Average Crossover. I have a 12 period and a 24. When the 12 crosses down through the 24 I have a signal to go into a sell. When the 12 crosses up through the 24 I have a buy signal. Where I need help is when my moving averages cross what other indicators or analysis can be used to help confirm that a crossover will be a good trade to enter on?? I would also like some help with finding out after the trade is in what to look for to see when its time to exit the trade?? Thank You

Forex Guide answers:
Trading is an art. There is no formula. Everyone successful trader develops their own trading systems.
From your question… I’d say you’re 3-5 years away from being successful (that’s actually average, for the few that succeed).
Spend more time on money trading management/risk control. In Forex 30% of your success is on Technical Analysis….. The rest is how you manage your trades.

Richard asks…
I seriously think I can make a fortune in forex trading?
Well i have been learning about stock trading for 6 years and have developed a good system. Forex is a little different. I started last january. i blew up within weeks because i was uing 400:1 leverage. i also wasent cutting my losses. Anyway through some experience i think i have it a ltitle figured out. What i have to do is wait patiently for a trend to form and act on it. I have about 500 in my account right now trading 50:1.. i cut my loses at 20 pips and let my profits run. until there is a reversal. ii incorperate the fibonacci retracement signals amounst a few ocilattors/indicators. I also keep an eye out on the news that would affect a currency pair. I have also read a few forex traders turning a couple grand into 10s of thousands their first year. I honestly believe this can be me.. can any experienced forex trader advise me?
uhh its actually a minus sum gamethe winner does not make all the money with slippage and commissions look up alexander elder.

Forex Guide answers:
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. You are being mislead by people who are trying to make Forex appear easy, when it is horrendously hard for people to make money in it in the long run.
You’ve already tried one strategy and you’ve blown up. You will probably find your new strategy blows up eventually too. Forex is a treacherous game.
Forex is similar to 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. The net winnings of everyone combined equals zero. 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.
Read the warnings in the links below:

Thomas asks…
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Technical & Fundamental Trader
Introduction Broker ( IB ), Alpari UK.

Forex Guide answers:
Thanks I learned in Forexnext.com and earn $142 in my first trade. Thanks a lot.
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Tags: MACD indicator, Learn Forex, forex trading, Indicator Forex, learn forex trading, forex signal



