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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What Really Influences On Forex Trading Trends?
August 4, 2010 by Forex Guide
Filed under Forex Book
If you desire to be fortunate in the forex trading market, you require catching and following right movements and crucial turning points and this instrument will assist you. It’s an evident recommendation in a lot of sides but the majority of investors just don’t utilize it, so here it is. It’s to look at other market fields that influence on the currency you are working and for the goals of example let’s view at the United States Dollar. This currency is a main importer of energy resources and higher energy expenses makes damage to it and the general one we are concerning here, is crude oil. In new history when crude has attained higher levels and we have seen latest cases of a hundred dollars per barrel it has damaged the currency and the escaped from this level has seen the currency make stable and grow up. Top levels in the oil market lately have escaped of dollar trades. Another great factor is interest rate situation. Lately the dollar has been damaged by the sensed view that interest rates will be lessened and you can obtain a concept of how much by viewing the interest rates futures. When the interest rates futures trading too difficult to rapid and then go down, you can frequently see the dollar trading.
Why? Because investors advance or attain success of themselves the latest trades in dollar euro was preceded by hundred percent unanimity that interest rates will be lessened by fifty bps possibly real but provided fifty-fifty that rates would be lessened by seventy five bps not likely the level of interest rates lessens performed into the market was exhausted and costs in interest rates futures went down and the dollar traded. High points in oil and interest rates futures can be utilized to notify about the dollar increase. Another crucial aspect is the stock market. Bad stocks damage the dollar and firm stock markets keep it so be attentive it in reality if you desire another recommendation. If you are trading long-term movements and solely need to look at the costs of currencies one time per day, implement it simply after the stock market ends. These closing prices are always considerable and while currency trades performed twenty four hours they are efficiently thinly worked until Tokyo starts and the United States stock market ends settle the situation for the next day. Other currencies are also influence by outside impacts.
The Canadian Dollar is a min exporter of oil and higher prices of oil and other aspects are good for the currency. The Australian Dollar influenced by a great Australian producer of gold. When gold costs are higher it increases the currency. By viewing other markets that are crucial to the currency trading, you can frequently see whether tendencies are going to keep growing or going down.
One of the ways to enhance your currency trading performance is to use forex trading signals. But, be advised that now the market is flooded with forex trading signals – do you really expect that all of them work nicely and bring profit?
Of course, no. So we highly recommend you to visit this blog and read how to choose forex trading signals that really work.
Why Does The Technical Analysis Generate Precise Trading Signals?
July 8, 2010 by Forex Guide
Filed under Forex Book
When you are talking about your monetary problems, it is a positive thought to go after the proverb of a lot of governmental companies which state to make planning for the best, be ready for the worst. In our nowadays economic issues at the present time there are a lot of inconstant aspects that can prove uproarious fact for the average individuals’ money, and it is surely a positive thought to put the above idea into reality by making an opportunity to earn finances that does not count on the stock markets or economic power. For me and a lot of other people, trading the internet forex market is the method to earn a five figure per month revenue that is entirely independent of the condition of the economical problems. By its very background, the currency exchange field cannot see a down market just because it does not operate in the identical way that the ordinary shares market does. In opposite to an ordinary stock index which is utilized as a pointer for the lucrativeness of a state’s economy as a system, the forex market exists as a mixture of the economical aspects of all great first-world countries, where revenue is made with the help of arbitrage and inconstancy of one state currency against another.
Fortune at forex market is not so simple science; it needs main economic aspects, much general sense, and some main technical researches. With the present technology and the great number of retail currency broker agencies that deal with individual traders, you can unite this contemporary profit generation idea into your life utilizing solely your home PC and web connection. When getting knowledge how to work in the forex market, try to be targeted on more on the useful and practical features that are very useful and that can be rapidly utilized, in opposite to striving to identify the difficult economic aspects that trigger the world economy. Let’s take technical research as an instance of this. When a lot of individuals start to learn about the aspects of technical research which is really reading graphs of price information to identify market entrance or exit points, they will frequently state something along the plans of some may do not comprehend why does it operate? If you are targeted on much on the things of why the principles of technical research are efficient for working, you will be puzzled with a sense and idea that does not bring any revenues.
Aspects such as why technical research provides precise trading alerts can be very complicated and are frequently the topic of investigation works and so on. Do not make attempts to get caught up in this type of thinking, solely be targeted on the fact the main economic and technical aspects that the majority of new currency investors are taught to use without any irrelevant information about why they operate.
One of the ways to improve your online currency trading performance is to use forex trading signals. However, be advised that now the market full of forex trading signals – do you really think that all of them work properly and bring income?
Surely no. That is why we seriously recommend you to visit this blog and
find out how to choose forex trading signals that really work.
Pivot Points Are Helpful Instruments To Trade On Forex
May 31, 2010 by Forex Guide
Filed under Forex Book
The approach to utilize pivot points in currency market has come from former people who often implemented trading with the help of the pivot points. Then they required calculating these points basing on the currency movements themselves but according to the technology and its improvements computer can implement the identical things for you at the present time. The tendency for utilizing pivot points has viewed a downfall since a lot of new approaches in helping trading have appeared but the essence of such instruments is identical in currency trading. Pivot points are supporting and resisting levels which are appeared from the former period of alters in the currency graph. Always keep in mind that a market can really move up or down or be unstable without the movements just like flat. A flat which is conducted from the center can go anywhere but then it shows the constancy in its position at the centre. In this way the market can move up or down but will show the constant state at the particular period which we will get to comprehend with the assistance of the pivot point instruments.
There is no requirement of going into the deep of counting the pivot point instruments as it is a difficult thing and now we have different instruments which will simply calculate precise pivot points for us. Pivot points assist us to comprehend the opening and closing positions and thus will assist us to comprehend when to buy a pair and when to sell it. This will never create any profitable advantage to be without it and thus will assist us earning revenues. Pivot points are utilized very frequently by different technical people in addition to any other investors. There are even some people who depend really on the utilization of pivot points and provide there trading only on the background of this and are not depending on other source of assistance. Pivot points simply work as objective to assist when to put finances in currency trading as which is the secure time to put finances and thus will assist us lessening losses to a particular sum. Since the pivot points are counted precisely consequently they provide as the greatest time span which can be gotten by any other means.
Pivot points in the currency trading market have never been without significance and constantly are a source of lessening losses. It is always recommended to go into the currency market will all possibility in head and possessing a tactics for all situations. As forex is one such instance where there is no perfect tactics to go after and needs different tactics every single deal as a lot of new cases are seen by investors when they go into currency trading.
Before you make a decision to buy any forex trading signals, please make sure to check this blog and read info about how to choose forex trading signals, what data to check, how to test the signals – in simple words, what to do to be sure that forex buy sell signals really work and can assist to improve your trading activity.
Can You Make The Precise Forecasts In The Currency Trading?
May 31, 2010 by Forex Guide
Filed under Forex Book
Currency tactics testing can either be implemented with the help of utilizing a training account through your broker and the tactics. The next alternative is to utilize program such as currency tactics tester which can use a history of what could occur if you work by your tactics with some bounds on preciseness. Investigating currency trading aspects on the web will get any investor millions of sources providing services from paid-for technical and basic research to free currency e-books sites right the way with the help of tactics that may state to make you to be fortunate in foreseeing currency prices or providing you a very potent currency trading tactics that promises to permit you to cash in and earn big currency revenues from a power currency trading tactics.
Foreseeing currency prices has become a currency business in itself with organizations providing currency forecasts alerts which aim to foresee the currency market levels and provide trading thoughts on an intraday, day trading, week deals and monthly deals for the various trade types. Your trading tactics is going to work the particular way that anybody who needs to make a currency trading tactics rules require to use it. A potent trading tactics is real, but to earn great currency revenues is going to take a lot of time and not solely currency e-books and other sources out there at the present time. Really foreseeing currency prices is going to be a deal and not an idea of your trading experience as no one obtains it positive all the time. Currency trading programs can’t always predict the prices. What that means is that your currency carrier runs greatly like an automatic trading tactics, solely with the contribution of your abilities from what you have gotten in learning to work currency online. To make this occur, you will begin to think about what you may so it is possible to make your trading tactics. For instance, will you be requiring a daily currency tactics test from either the paid services or free suppliers of currency tactic tests such as possibly your broker or other services.
Your graphs made by currency trading program will provide you a real view of what has been occurring up to present in the market and make you to implement the forecasts of currency price trends by learning and using different indicators. Optionally currency brokers can offer currency trading recommendations through graphs they have paid people or third parties to make to assist or provide thoughts to their customers. Some online currency trading recommendations’ sources may be capable to provide good opinion on the present market situation. Nevertheless this is no substitution for getting online forex trading for yourself and beginning currency trading with your personal tactics.
Before you make a decision to purchase any forex trading signals, please make sure to visit this blog and read advice about how to choose forex trading signals, what things to check, how to testdrive the signals – in simple words, what to do to ensure that forex trading signals really work and can help to improve your currency trading.
