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.

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.

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:

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

Forex Guide answers:

Given the indicators are currently the most talked about Pro Trade Copycat.

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:

The first thing you need to get to grips with is not really anything to do with money, foreign or otherwise. It’s the terminology. In the beginners guide to investing forex you need to understand what all the funny words mean so that you can keep your focus on what is most important. It’s easy to be sidestepped by wondering what the Elliot Wave Theory is, or what a stop loss means.

Your beginners guide to investing forex also demands that you understand the different kinds of trading strategies well in advance of risking your first dollar. That way you walk in with some idea of the risks involved, and you will also have some idea of what you are doing.

There are a large number of websites that offer online tutorials on forex trading. It’s a very good idea as part of your beginners guide to investing forex that you out check out several of them. There’s no real fast track to getting this step done. You just have to learn it in whatever time it takes.

Forex Guide answers:

I won’t if you use separate PC or computers

Forex Guide answers:

It’s impossible for an indicator to tell for sure if a trend is about to reverse, or continue on. They all try, and some are better than others. Successful traders are the ones who study all the materials they can get their hands on, and then create their own strategies based on years of experience.

Forex Guide answers:

Surely you could call customer support on a legitimate product…

Forex Guide answers:

Motor roller

Forex Guide answers:

They are all scams. The only people making money are the folks selling the forex robots.

Do not seriously believe that a free (or cheap) piece of software will generate consistent profits.

Investing is not easy. Read. Study. Take a class. You have much to learn.

Forex Guide answers:

It’s a fools game to chase these, but the commonly cited highest paying phrases are:
mesothelioma
personal injury lawyer
car insurance
life insurance

Forex Guide answers:

Why don’t you ask your broker?

Forex Guide answers:

ETFs are cheaper than mutual funds. ETFs have very low annual expenses, nearly 20 basis points or 0.2% less. As against this, actively managed mutual funds show average expenses exceeding 135 basis points (1.35%). This does not include the extra 2% – 5% as loads, 12(b)-1 marketing fees, transactions costs, and soft dollar expenses mutual funds, passed on to you but never informed, except in very fine print that nobody cares to read. ETFs have a lower turnover than most mutual funds. As ETFs do not require active management and hold nearly a steady stream of stocks, there is hardly any portfolio turnover.

Forex Guide answers:

One little piece of the puzzle does not a Plan make.

You’ve left out so much, there’s nowhere to begin. We could guess forever.

What are you using to generate signals?

Which software are you using.

Is your trading experience in the stock market?

If so, one day in the stock market is 6 hrs, but 24 hrs in forex. So a 180 min chart or 90 min chart in forex might be equivaltent to the 30 min used in the stock market.

Trying to trade with the trend? Or momentum? Using moving averages? Stochastics? Pivot Points? Fibonacci?

If I’m trying to trade with the trend, then my first step is to “determine” the trend, and whether all time frames add up. I start with the weekly, then daily, then 240 min, then 90 min.

If not the trend, then maybe a breakout? See, too many questions. Not enough specifics.

The first thing you should do is develop a trading plan. I don’t think you’ve done that, because you can’t develop a Plan without specifics.

Try again.