Your Questions About Ea Forex

December 3, 2011 by Forex Guide  
Filed under Forex Account

Richard asks…

forex vps metatrader EA?

Im looking for a VPS service for running my metatrader forex EA Robot. Need a good price and fast connection for 24/6 service.

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

Sandra asks…

Looking for forex EA programmer?

anyone knows how to built a forex ea programmer

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.

Michael asks…

Looking for a forex EA programmer?

any one knows how to build a forex EA

Forex Guide answers:

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

Steven asks…

Excuse me. Does someone realize how to choose true Forex EA from fake and a real Forex signals from fraudule?

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.

John asks…

What’s the best Forex EA/ robot?

I can’t seem to find any straight answers! Fap Turbo? Megadroid? Ivybot? Forex Godfather? Robominer? Please no spam. Thx

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?

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Your Questions About Mini Forex Account

November 5, 2011 by Forex Guide  
Filed under Forex Account

Betty asks…

can u help me to earn profit from forex trading?

Recently I opened a mini forex account with trader (USD 100) and while searching through net I found there are so many forex predictions are available by spending some money. Being a middle class person its not affordable to me. So if you have any such programs can u share the tips with me . If I make profit out of it then definitly I owe a profit share to you.
my email : shetty_thilak@yahoo.com

Forex Guide answers:

The other responses have hit dead on. I would not trust a signal service or prediction service. If they make claims of 70-100% accuracy, then they are better off trading with it themselves instead of sharing the secret with you for a small “middle-class” fee.

It also sounds as if your question borders the topic of having someone else trade on your behalf then taking a share of the profits. If I understood that correctly, then it will help you or others in your position to look up a term called “managed accounts.”

Sandy asks…

Will 20 dollars in a miniforex account trade with an automated EA?

Just being a novice to Forex, and starting with a mini-account of 20 dollars, would this amount be enough for an automated software such as Autopilot to start trading with , and how long would the first trade take and how would I know if trading is taking place?

Forex Guide answers:

Autopilot would probably lose $20 pretty quickly. If you want to stay in the market longer, you have to put in more money for Autopilot to lose. But then again, maybe you just want to get it over with and have this fake system wipe you out quickly.

Mandy asks…

Investment loss in Forex Leverage?

If i have a $2500 mini account for forex trading (Leverage of 4:1). After buying 1 minilot ($100) EURUSD, what % loss of the EURUSD needs to be before i loss my $100 investment? How many pips before i lose that $100?
Assume EURUSD is 1.400 when i buy the minilot.

Forex Guide answers:

You’re making me think here. Is this an exam?

The important data is that you’ve got 4:1 leverage and that you’re trading $100.

What I misunderstand is why you’ve got 4:1 leverage? It is more common to offer leverages of 100:1 or 400:1.

So if you had 100:1 leverage, you would lose $100 when the currency moves 100 pips against you. And proportionally, you would lose $100 with 400:1 leverage when the currency moves 25 pips against you.

Ken asks…

Best forex brokers and trading platforms ?

What is the best platform to trade real forex? I mean, considering most of the features, like if its trading software is good, if it’s reliable, if the money transfer of deposit and withdrawen is fast, if it’s convenient to do trading with it, if the support is fast and effective, and so on and so on.

Is there any good platform support Paypal or has european bank account?

Thank you for informations. I’m planning to do real trade, but first only with a mini account.

Forex Guide answers:

There are several forex trading platforms! Every platform has some + or – !
Here you can read some reviews:

http://www.squidoo.com/Best-Forex-Trading-Platforms

Robert asks…

Can i trade forex without the use of margins?

please i want to know whether i can trade forex without the use of margin, which means that i will only trade with the exact amount of money i deposited in my account.

if it is possible to trade without margin, what is the minimum amount of money i can start to trade with without the use of margin?both micro and mini accounts.

please also provide me with a link where i can get full information on spot trading.

Forex Guide answers:

You may refer to this site. They have an Info Center where you can learn a lot of about spot and other forms of forex trading. All the best.

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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
———————–

http://forexplatformslist.com

———————–
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.

=======================

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.

=======================

3- For Canadians CMC Markets is the best option:

http://www.cmcmarkets.ca/

=======================

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.

=======================

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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Your Questions About Forex Demo Account Metatrader

October 24, 2011 by Forex Guide  
Filed under Forex Account

Richard asks…

…Trading on forex by volume or by money?

Im a beginner trading on forex demo accounts, and I feel a bit consfused as etoro allows you investing specific amounts of money but metatrader use the term volumes.
The question is: How Im supposed to know the amount of money I am investing on a specific trade when they apply volumes instead of dollars?

Forex Guide answers:

If the volume in the metatrader is 1.0 it means your pip value is 10$, therefore if your trade moves 1 pip you either gain or loss 10$.
If the volume is 0.1 it means your pip value is 1$ therefore if your trade moves 1 pip you either gain or loss 1$.
If the volume is 0.01 it means your pip value is 0.10$ therefore if your trade moves 1 pip you either gain or loss 0.10$.
If the volume is 0.5 it means your pip value is 5$ therefore if your trade moves 1 pip you either gain or loss 5$.

David asks…

Forex trading. I just got started, please help!!?

Ive been reading up on pipsology for about a week and just started practising to trade (demo account) using alpari metatrader 4. I have no idea where to begin, Any pointers?

Forex Guide answers:

Forex trading is one of the fastest ways to make money also the fastest ways to loss money at the same time. Its very complicated and i would say have a demo account for 6 months before you even thing about trading with real money. If you want to know more about forex trading watch youtube videos there are 100′s of videos made, watch CNN business news to know more about the market for example if America cuts jobs that can affect the markets watch the news and look out for things like that. People have lost millions on the forex exchanged and have made million.
Good luck

Susan asks…

what is the things i should look for in Forex Trading Platforms as a new trader ?

hi all
i am a new trader
i’ve been trading with demo account already few months using metatrader 4

can you mention please few reliable Trading Platforms.
how to make sure that this company is “safe” and won’t steal my money before i deposit real money ?
what are the things i should look for when choosing a platform ?

i know these platforms :
Saxo bank
FXCM
Easy Forex
Forex.com
Oanda

anyone already has any experience about any of the above companies and would like to share it i’ll be glad to hear :)

thanks all

Forex Guide answers:

Hi Alex…

This may help you

There are many excellent brokerage depending on your criteria.

In deciding a forex trading website (or Forex Brokerage)..please make sure:
1. US, UK or Selected Euro based Brokerage.
2. It is better not to choose the “OFF-SHORE Brokerage” based on some small countries
3. Find a honest brokerage, so you can be with them along-with your fortune

After you find you favorite broker, please do the following:
• Whether it is a registered Retail Foreign Exchange Dealer (RFED) with the U.S. Commodity Futures Trading Commission (CFTC).
• Whether it is a Forex Dealer Member (FDM) of the National Futures Association in US
ALSO, the same criteria should be done either for UK based and Euro based brokerage.

I cannot give you a recommended brokerage here, but you can find me at my trial website http://foropts.webs.com/ then you can ask me by email.

Hope this helps you
SIG

Maria asks…

Quick Questions about forex for a beginner.?

How much volume = $1 US?
Can you explain volume/
What happens if my profit shows negative?
If my profit shows negative, do i owe the broker money? Should i just wait until it picks up again?

I’m using metatrader 4 and a demo account.
What if I have $25 in the account and the profit goes negative to let’s say -$50. Will the broker automatically sell it or am allowed to keep it until it goes back up? Will I have to pay the broker the difference of $25?

Thank you

Forex Guide answers:

A volume where each pip is equal to $1 US would be a mini account, with lot size of 0.1, which I believe is a volume of 10,000. In order to trade the Forex, you’ll have to deposit money ahead of time, and your trades will only be allowed to go negative if you have enough funds in your account to cover it.

Trading the Forex is incredibly difficult. I personally know people (other than / not myself) who have traded for years with a demo account and have yet to be able to consistently make a demo account gain profit each month. A rule to follow is, never put real money in unless you can gain profit on a demo for at least two months in a row or more.

You can save yourself a lot of time and possibly a lot of loss, by simply getting a quality strategy from http://comefollowme.zulutrade.com/Performance.aspx , and then you can spend the rest of your education on the other half of what makes Forex trading so difficult, which is, proper money management.

Mark asks…

profit in forex trading?

Hi all.. i am doing forex (currency trading) trading in india through fxstreet.com and i am using metatrader 4 as trading platform. i couldn’t predict the market. when i was trading with demo account everything comes in benefit. but i started to do real trading.. i couldn’t do it with gain. i couldn’t predict. please someone help me to know the market. is there any software to predict the market. please help me…

Forex Guide answers:

No body can predict
lol

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Your Questions About Forex Demo Account

October 7, 2011 by Forex Guide  
Filed under Forex Account

Helen asks…

Where can I go to start a demo ForEx trading account?

I would just like to practice it, I really don’t have much money and don’t really wish to attempt trading right now but would like to see what I can do with a demo account/

Forex Guide answers:

Most brokers offer you a demo account for free. In the sources box, I’ll place you a link with hundreds of brokers to start with. Good luck.

Joseph asks…

Where can I get a forex tradeing demo account (site) and win monthly prices real money?

I want to sing up for demo account to trade money like forex but I want to get one that gives prices like monthly price for the 1st trader.

Forex Guide answers:

With so much confidence I would expect you to just jump into the live market, but a demo account does have that no risk safety net and if you can win prizes that is an added bonus.

I suggest anyone that is new to forex to make full use of their safety net.I don’t recall off hand any forex trading sites having monthly cash prizes but it does sound interesting. Good luck.

Maria asks…

Anyone sign up for a Forex Demo account, which forced you to sign up for a Meta4 Newsletter?

I signed up for a couple of demo accounts to give this new EA a try. Anyway to sign up for these i had to agree to sign up for a news letter. No problem

later on I get a phone call from a “David Scott” who put me through this “interview” process where he talks to me about my motivation, my goals, financial situation, financial goals, etc. etc.

bottom line is their “company” is “picking a select few” to sign on for this part-time forex training program. i have to give them 10 hrs/week. They preach a 6-12 month at-home training program where I will be assigned to an “expert forex day trader“. The idea is I will learn how to become a day trader and “make 6 figure income part time.” I said I’m interested to hear more and he puts me in touch with a “JP Morgan.” I have to fork over $5k for tuition and another $2k to put into my own live account to trade with.

you can see i’m a little skeptical with all the quotation (“) marks, but that is why i’m here. I figure many of you have signed up for demo accounts. Has anyone signed up for this newsletter? gotten the call? or better yet GONE THROUGH THE PROGRAM?

JP Morgan for one sounded VERY knowledgeable about forex. He was talking about making trades with 3% until my 3% was $1k-$2k trades. I know very little in experience but im well read in forex. If this is a scam then “JP Morgan” is probably using the scam money in the forex market.
no no, the guy’s name is JP Morgan. This has nothing to do with the company JP Morgan.

I’ll try to get a company name out of them.

Forex Guide answers:

Wow. This sounds like a scam. These “training programs” generally don’t do anything except stimulate activity and churn through your money. I can’t imagine JP Morgan Chase doing something like this. Maybe the company has somebody who used to work for JP Morgan and is trading on the name.

Email me with the web site and I’ll be happy to look into this for you. I love helping people by deflating scams.

Donna asks…

Are there any difference between forex trading transactions in demo account and live account?

Reply me in aspect of profit earned through demo account. Can i resemble the same in live account.

Forex Guide answers:

Most often they are the same. The only different is your trading patern when trading in demo (not your money) vs trading with your real hard earned money. It’s all about the psychology of trading.

Good luck.

Michael asks…

Is there an online brokerage that offers a demo account similar to forex trading platforms?

Forex Guide answers:

Hi
here you can find a list of good forex brokerage that most trader use that also offers free demo practice account and also real trading.

Http://www.bestforextradingplatforms.com

good luck

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