Your Questions About Free Forex Account
October 29, 2011 by Forex Guide
Filed under Forex Account
Steven asks…
Is there a catch to the Zecco Forex cash bonus?
I received an email from Zecco.com saying that if I open a Forex trading account and deposit $5,000, they’ll give me a $1,000 bonus in November so long as I make at least 100 trades. I just called and a representative told me that there’s no annual fee on the account, and that the trades are free, but it seems like there must be a catch–what am I missing? (And yes, I’m a novice investor, so this may be a dumb question, so please be polite in your answers; thanks.)
I’m asking about Zecco Forex; I’m not asking about buying t-shirts and shoes or doing data entry from home–yahoo answers needs to develop some kind of spam filtering feature.
Forex Guide answers:
Hi
all most all fx will give bonus to $1000 but read their Terms and conditions.i am not sure if zecco is real fx company.here you can find a list best forex trading platforms that most traders use
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http://forexplatformslist.com
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good luck
Ruth asks…
What is forex benefit?
Every Forex trading company in internet give free service and there is no charge to open a account. So my question is what is the benefit of this company?
Forex Guide answers:
Bear in mind that Forex analysts and brokers charge a fee for their service. Forex signal trading brokers may only monitor the more popular currencies such as EUR/USD, USD/JPY, GBP/USD and USD/CHF. However, for a higher fee you may be able to find Forex signal services for less popular currencies and pairs. Basic subscriptions to Forex signal services will send you alerts about the best times to buy and or sell.
If you happen to have a higher level of subscription then you will be alerted about the buy and sell times by pager or cell phone. There are also levels of subscription that will provide the subscriber with live Forex charts. The minimum subscription fee is usually a hundred dollars a month.
You can simply generate the forex trading signals by using an “Automated FOREX Trading Systems”. You can get these Forex Trading Systems for a one time low price not more than 100$, in the sense that doesn’t even cost you a monthly fee of your subscription for forex trading signals.
‘Forex Trading Systems’ are the best way for anyone to invest in the foreign exchange market. There are trading systems that are ideal for every type of forex trader. Easy to use, informative and beneficial are the key factors to consider before putting your foot into the trading pool. Simple ‘Forex trading systems’ are big business. Invest in the right one and you can make big currency profits and get the cost you paid back many times over !!
…If You Want To Learn More About A Successful Forex Trading System, I Suggest You Take The First Step, by going here: http://shurl.net/5MC
David asks…
Newbie to Forex?
I have been investing in the stock market for several years, but recently Forex has caught my eye with claims of huge profits, and I have some questions:
1. Is there a site with free tutorials about Forex, the same way Investopedia.com has for stocks? Is there a Forex simulator where I can try it out using fake money?
2. What kind of initial investment does Forex require? What are the commissions/fees like if any? What is the average return (%) for most Forex investors?
3. Where/how do you open up an account? (I’m Canadian.)
4. Is it a lot more speculative/luck-based than the stock market? (A lot higher risk?)
5. I’ve heard a lot of people talking about “systems”, “software”, etc that they are charging money for. Is there any free software I can get? Are most of the people involved with Forex scam artists or are there some legitimate ones?
Thanks
Also what are these “pips” I keep hearing about?
Since nobody has answered yet I went and found a great tutorial site on my own, http://www.babypips.com. It also offers links to brokers that offer free demo accounts.
Forex Guide answers:
Hi,
1- There are a lot of websites with free information about forex:
http://www.babypips.com/school/
There is also a good series of videos that were used to be free but unfortunately they are not free any more. You have to pay $10 for each but it does worth. If you watch these videos, it will save hundreds of hours of your time:
http://www.fxclub.com/video-en/
Also at http://www.weboma.com/category/forex/ you can find free daily/weekly signals every night.
Almost all of the forex brokers offer free demo accounts which you can practice with the fake money. Here is a small list of the brokers with free demo account:
1- http://www.interbankfx.com/
2- http://www.northfinance.com/
3- http://www.fxclub.com/
4- http://www.cmcmarkets.com/
The first two have MT4 platform. The last two have their own special platforms.
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2- You can start trading forex with as low as $100. The leverage is 1:100 but you can also find 1:400 leverage too. If you learn forex properly, you can double a $5000 account every month and there are forex traders who make much more.
As you have been a stock traders, you will learn forex much faster and easier because 99% of the techniques are the same.
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3- For Canadians CMC Markets is the best option:
http://www.cmcmarkets.ca/
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4- It depends on yourself. You can trade wisely or you can gamble with your money and lose it easily.
There is a higher risk than the stock market because the leverage is higher.
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5- There are some legitimate ones but you don’t need them. You can easily learn technical analysis and find buy and sell signals on your own. It is not hard.
Best regards,
Vahid
http://www.weboma.com/
Carol asks…
where can i learn advanced forex trading strategies ?
Hello all,
first of all i want to say that i already know all forex beginners materials
i know what pips means what moving average means, MACD , indicators, robots, experts, RSI, …. and all that stuff …
now i still want to learn more advanced things
to go one step farther
to learn a real working strategies, step by step …
from choosing a good currency pairs , to picking the right direction (bearish or bullish) to enter the market and where exactly to exit the market (where to place the Take profit or Stop loss orders)
i’ll be more than glad if someone already passed those steps , already making a profit from forex with real account (not demo) and could just post a helpful link or advice to start from..
i don’t care if the tutorial website you point is free or not
i am ready to pay money for good advanced forex trading courses
but i am scared to end up with a scam one, because as you know about 99% are scams and all they want is your money , and they don’t give you a real worth course …
thanks all
Forex Guide answers:
Many people told me that investing in curriencies is the hardest way of investing, because it doesn’t have clear direction. Bullish or Bearish is hard to detect. However, there was the two big crisis, 2008 global crisis and the EUR crisis mid of last year. Many people who traded forex frequently, made huge profits from trading Dollars, and EUROs, simply because last year they could buy year at a 10-Year record low.
Now adays, all eyes are on the Japanese Yen after the Quake..
So, i really give you advice not to trust any one in this kind of trading, because even proffessionals lose for unpredictible mistakes
Linda asks…
Whats a good Forex trading system?
I am just getting into trading forex online…what is a good online trading system with good profitiability? I’m just a beginner, I don’t know much about it but i know a little, but am trying to learn as much as possible. Right now i just want a basic good trading system that I can invest a little bit of money and try to turn that into good sums of cash. Also one that has free practice accounts.
I don’t mean I want someone’s system… I meant like and actual online company that does it. Kind of how Ameritrade is a good “system” for stocks, whats a good “system” for Forex?
Forex Guide answers:
I’ve read a lot about Forex, but I’ve never seen a proven profitable forex 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 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. 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.
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Forex Trading Courses – Learning How To Earn Big Profits From Home
February 13, 2010 by Forex Guide
Filed under Learning Forex
The opportunities brought by the Foreign Exchange Marketplace, or more commonly recognized as the Forex Market, have been taken advantage of by millions of individuals and millions a lot more are still interested in entering this financial market.
What’s different about the Foreign exchange Market is merely the fact that out of all the financial markets in the world, it may be the most profitable 1. At the same time, it is the largest within the world also with thousands of financial institutions taking part in daily trades which include government banks, large corporations as well as private persons. For those who are interested in starting a career in this market, it is greatest for you to take on Foreign exchange buying and selling courses first. By doing so, you’ll be able to discover the basic principles of trading foreign currencies and also the different techniques. More importantly, you will learn how to devise your own strategy in buying and selling.
Having a strategy from where you’re now to your long term goal is perhaps one of the most important thing you’ll learn from Forex buying and selling courses. This allows for consistent trading which is much more important than being in a position to make 1 big trade. You will also be in a position to learn to analyze the Forex Market and how to react to the changes that occurs every day.
However, not everyone has the luxury of time to keep their eyes glued to their computer screens in order to monitor each trend and movement of the marketplace. Even though some traders know how to trade and what they need to do, they nevertheless aren’t in a position to earn consistently since they miss vital opportunities to trade and signals that indicate when to get out of a trend. To solve this problem, other traders made use of personal computer programs usually known as automated Foreign exchange buying and selling methods.
These buying and selling systems will only need to be programmed once a day which would get about 15 minutes and then it will do the rest. The best program accessible today is the Forex Megadroid. This is the most popular programs but numerous a lot more are accessible also. You can see more at my forex download site.
In using these programs, traders will never have to miss another golden opportunity to make cash. Of course, this isn’t the Holy Grail of Forex trading. There are still flaws to these methods. Also, you should be careful in choosing these programs. Read reviews and user comments from third party websites to know which ones are trustworthy, which ones have good customer service and which programs you should avoid.
Gain helpful recommendations about the topic of forex trading – make sure to study the web page. The times have come when concise info is really only one click of your mouse, use this chance.
Forex Trading Course Success
November 2, 2009 by Forex Guide
Filed under Forex Courses
First-class forex course will help you to get profitable trading in forex markets. They offer the ability to prevail in the market and also cut your learning curve. A lot of forex traders in the market lose money because they do not have the required knowledge and skills. In addition many who believe in automatic trading systems to earn millions are in fact losing money. A first-class forex trading course can assist to achieve winning streaks. Let’s observe some of the vital things you should look into when you buy a forex trading course.
Most forex trading courses will train you trading with the US dollar as it is a key currency that is better used as a base currency. It is also a good currency to trade while you are gaining knowledge the nuances of the forex market. Once you learn the fundamentals and have time, these courses will teach you trading in other currencies and the ways you can earn money. Once you gain sufficient knowledge, you will be able to go for a particular currency through which you can earn the most possible amount of money.
Recently I came across a forex hours Geru who tells an interesting story about how to trade the Forex markets. He offers up his advice and makes it sound like it is the very best advice one could give or receive. All you ever need to know about forex time is when they open and when they close and know for sure that when you have a platform that trades that market 24 hours per day when they are open is the most important trading tool you can have.
Get in touch with your broker today and ask him if the charts you are using to trade by on his Forex trading platform are set to Forex Trading Hours — GMT? When he tells you that he has no concept what you are talking about then ask him to make clear to you how his charts can be exact if the Forex time is set to GMT and his charts are not. set to GMT.
Forex trading courses also instruct you how to compute a pip or pips. Pips are smallest increment in the difference between the two currencies. For example if the exchange rate for the USD and the Yen (JPY) on a particular trading day is 1 USD – JPY 140.49 and the next trading day or the session when the exchange rate reaches to USD 1 – JPY 140.55, the pip is 0.06. Once you know about pips comprehensively you will be able to estimate risks and rewards relatively easier, particularly when you are trading in large quantities. Just always make sure that your forex trading hours chart is set up the right way.
Before buying forex trading courses make positive that the provider offers you a money back guarantee so that you will learn without risks. With the guarantee you may get a proven strategy to trade forex. A good provider will offer you email support and should be available to respond to your queries. Most importantly the company should offer you daily trading updates so that you can see to yourself whether the trading strategy is functioning well or not in real-time. It is good to learn from real-time data that would tell you what happens in the market. A large amount of the good forex trading courses should not cost you more than $200. So it is not very expensive considering the amount you are going to make in the forex markets.
The expertise you gain from forex trading courses and the knowledge you gain in initial trading and your ability to make computations will help you make skilled analysis and decisions regarding forex trading. As a whole these trading courses will help you to see which transactions to execute, when to enter and exit. However you should select the right forex course and the right Forex broker in order to succeed. And, I can’t stress enough how vital it is to have your forex trading hours chart set up so that you can trade 240 minute charts, 720 minute charts as well as daily, weekly and monthly charts all set to 6 day week and GMT.
Forex Hours – Forex Trading Achievement
November 1, 2009 by Forex Guide
Filed under Trading in the Market
Forex Hours. Most traders are aware of Forextrading hours but very few see how it works and where they can go to obtain more experience about the Forex markets. One should learn about the Forex to trade competently. It must be remembered that before you start Forextrading, you want to have satisfactory knowledge of precisely what to do and when to do it. For example, you want to distinguish when forex market hours takes place.
To make certain your success you should to have a detailed knowledge of Forex trading methods. It has been seen that a lot of people lose money while trading the forex and a good number of the losses have been attributed to lack of ample knowledge about how to enter and exit Forex trades. The other most important part is money management.
With proper training in Forex trading you will be more professional in your method. It will help you to be aware of how to run your currency trade based on its position and how to foretell its future course. When you are training it helps you to know the nitty-gritty of Forex trading with the help of an specialist. If he is any good he will teach you about forex time. Needless to say with a sound experience of Forex training, you will be able to handle your finances skillfully.
If you need to succeed in Forex trading, it is vital that you know what it is all about and how to go about the trading. It is important that you gain knowledge of the many nuances of trading from the experts. For this purpose you can enroll in a Forex trading courses. There are many companies that offer online guides and trading as to how to train yourself and you will be better off if you take one of these courses.
A Forex trading course will familiarize you with the concept of Forex trading and will also instruct you about the special Forex orders that are available. It will also inform you about the technical as well as lucrative indicators that you must know while trading. An online tutorial will let you know about the scores of strategies as well as options that you can use when you are trading.
It is essential that a newcomer learns thoroughly about a forex trading hours chart before he/she ventures out. I can’t emphasize enough how important it is that you fully understand the importance of setting your forex charts up properly. There are not many online companies that offer demonstrations wherein you will be able to test your knowledge and also get the feel of real Forex charting. You need to be selective and select one of the links we have provide here to gain further knowledge.
A successful training equips forex traders, both new and experienced, with tools that will better groom them when they are trading the forex. With the correct know-how you will soon learn how to trade and are sure to become an specialist. It is not recommended that you hurry into the training. It is important that you be calm and patient and this will assist you to trade efficiently.
The extra knowledge you acquire about Forex trading, the better you will know how to trade. It is easy to find Forex trading courses. A search in the internet will bring to you many options to choose from. If you are keen to know more about Forextrading and thrive, you should register in a Forex training course right away or at least click on one of the links in this article to gain better understanding.
