Your Questions About Scalping Forex
December 13, 2011 by Forex Guide
Filed under Forex Account
Laura asks…
Clould someone suggest any resources (websites, books, blog ) about forex scalping ? or share yr scalping exp?
practical experience from fx dealing desk is of particular interest
Forex Guide answers:
I can share with you my scalping tech.
I call it scalp the 10 second chart…
Email me for more info
PS:profit 5% for december
Linda asks…
Is scalping really beneficial in forex trading?
Forex Guide answers:
Forex scalping is one of the most used and highly demanding forex trading strategies nowadays.
If you don’t want to waste hold day you can certainly use Scalping as a trading method. It is nothing but playing with spreads. In the Forex scalping method a currency is bought at the Bid price and sold at the Ask price to gain the bid ask difference.
Forex Scalping is pretty easy to follow, all you need is a trading platform like Finexo.com
Make the most out of it using Scalping.
For further details on scalping you can surf:
Michael asks…
Scalping dan copi-copi Forex?
Apa arti dari istilah scalping dan copi2 dlm forex/valas?
Forex Guide answers:
What?
Richard asks…
In FOREX Market: Scalping is ethical or unethical. www.gcitrading.com sucks for sure.?
Im with GCI from past year, and since i had major losses i changed my trading pattern to have small profits (2-5 pips) and small losses of upto 10pips. Recently under good volatile market condition i started making good money. I achieved my daily target but still i kept on making. After three days later i have experienced that my account got short by 3910$. I spoke to GCI guys and come to know that i have been found of doing scalping and hence they have reversed my those both days transaction. and make my account less by 3910$ as i was scalping with there feed ad not trading.
My question is why they havent done before as i am doing this trading pattern what they call scalping from past 6 months. So why now????
Why they havent done when i went in losses, and they could have reveresed my transaction and compensated me?
Does this reversing the trade is actually possible ?????? That you can turn your three days back trades????
Somebody pls advise and help me that why they have
Forex Guide answers:
I can tell you the following;
This broker is “up there” with high spreads.
This broker appears to have a “dealing desk“… Which means they lose money on news trades, scalping and other short term transactions.
They appear to have a policy of “no scalping” (many do). What doesn’t seem right is the fact that your loses are “OK”, but not your winnings.
This is a very highly “unregulated” industry. But they do fear “regulation”. I would put together my case & speak to a manager……. You must tell them in no uncertain terms that this action is unacceptable & not consitant. It appears that those that scream the most get their money back (it is possible)………………..
There are no good FX brokers. Only ones less bad than others.
I prefer a non-dealing desk broker. But they too can be very dangerous.
This is one of the hardest industries to work with. 90% of the people that try FX lose all the money in their accounts.
Know what you’re doing before you learn more “surprise” lessons…………..
Nancy asks…
which forex broker is best for scalping?
Forex Guide answers:
I recommend InterbankFX (www.ibfx.com). If you’re located in the US, you’ll have to open an account with their US office, which means that due to regulations, your leverage will be limited to 50:1, and hedging is not allowed.
If you’re outside the US, you can use their Australian office, without the restrictions.
Regardless, what you want for scalping is an “STP broker with a multi-bank liquidity feed”.
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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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Finding The Best Forex Trading Strategies That Will Definitely Work In Your Favor
December 27, 2010 by Forex Guide
Filed under Forex Trading
Forex Trading is considered to be one of essentially the most sought following careers at present due to the widespread desires of folks to get rich in an instant. If you are certainly one of people who consider finding themselves involved in the marketplace, then it is critical for you to learn various forex trading strategies in order for you personally to obtain an edge over other forex traders. Forex traders are consistently increasing in number so it’s crucial for you personally to locate a very efficient method in order for you to remain on top of the fierce competition within the forex market. You should begin finding these strategies just before you ever set your foot inside the actual foreign exchange marketplace.
Certainly one of the very best sources for forex techniques will be the net. Prior to finding yourself involved in the marketplace, you should do a complete study about forex trading and its confirmed strategies on-line. It is possible to receive a great deal of details if you study online as you will find a great deal of free e-books about forex trading in it. Joining on-line forums that talk about forex trading can also enable you to acquire far more expertise about these methods. Online forex trading forums could have various experts about to guide you. You can ask them sure questions about forex trading so you are able to anticipate to improve your knowledge through it. You just have to ensure that you just obtain forex trading details from trustworthy internet sites and forums.
Obtaining your self forex trading computer software is also one of essentially the most effective methods with regards to forex trading. You are able to commence trying to find an successful forex robot to guide you whenever you decide to start performing trades. You just need to make sure that your chosen forex robot software is indeed really successful with regards to trading. Make certain that the robot will work its way towards offering you a substantial amount of earnings. Keep in mind, the forex marketplace is considered to be extremely vital. It is somewhat challenging to predict its trends. Due to this, you might have to select forex robot software which is ready to effectively guide you when doing trades. Discovering the most effective forex computer software is considered to be one of probably the most successful forex trading strategies that will enable you to receive success.
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For Beginners, A Manual To Forex Currency Trading Is The Best Way To Begin
March 10, 2010 by Forex Guide
Filed under Forex Strategies
On this planet’s largest financial market where exchanges attain up to trillions of dollars every day, many people would actually wish to take part on this market. Except for being the biggest financial market in the world, Forex is also the most liquid market in the world the place trades are performed 24 hours a day.
A whole lot of traders have develop into very rich trading in the Forex market. And, many people who trade in Forex on a regular basis have discovered a great way to exchange their day jobs. Some even turned millionaires almost overnight by just buying and selling in this monetary market.
Buying and selling in the Forex market can be very attractive. However, you also needs to know that there have been individuals who suffered extreme financial losses within the Foreign exchange market. It is true that the Forex market affords a very good cash-making alternative to a lot of people, but it additionally has its risks.
It’s a incontrovertible fact that people who did not have the fitting information and abilities trading in Forex suffered enormous financial losses and a few even went into debt. So, earlier than you enter Forex, it’s important that you should have the mandatory data and skills as a Forex dealer with the intention to reduce the danger of losing cash and maximize the potential of creating money.
Many individuals who were successful in Forex have went by means of a Foreign currency trading course to get the knowledge and abilities needed to efficiently trade in this very liquid and very large monetary market.
In a Foreign currency trading course, you will find out about when it is the proper time to purchase or sell, chart the movements, spot market tendencies and also know the right way to use the totally different buying and selling platforms out there within the Foreign exchange market.
You will also be familiarized with the terminologies used within the Foreign exchange market. Even the basic information about buying and selling in Forex can be a nice assist with your cash-making venture in the world’s largest market.
There are different Forex trading courses accessible, all that you must do is choose one that suits your wants as a trader. There are crash programs where all the fundamental things about Forex will likely be taught to you in a brief time frame, full time online courses, the place you will be taught all about Foreign exchange through the internet and there are also full time actual life classroom programs the place you can study the ropes about Foreign exchange in an actual classroom with a live professor.
You can too become an apprentice. Nonetheless, with a purpose to learn a lot about Foreign exchange as an apprentice, you have to just remember to have a seasoned Forex dealer who can share a variety of things to you in regards to the Foreign exchange market.
Listed here are some of the basic things it’s best to look for in a Foreign currency trading course so as so that you can get the sufficient information about Forex trading:
• Margins • Leveraging • Types of orders • Main currencies
A superb Forex trading course can even explain lots concerning the elementary and technical evaluation of charts. As a dealer, knowing the way to analyze a chart is an essential skill that you should have. So, when you’re in search of a Foreign currency trading course, you must look for a course that offers basic and technical evaluation instruction.
Stress plays a vital part in Forex traders. Realizing how one can take care of stress can be a ability that it is best to develop. A great Forex trading course should train you the way to deal with stress and commerce effectively and efficiently.
As much as potential, it is best to look for a Forex trading course that provide actual trading programs the place students can commerce real money on the Forex market or not less than trade on dummy accounts in a simulated Forex market. This palms-on experience will vastly benefit you. Moreover, the best way to study anything is by truly experiencing it. Reside trading and simulations should be provided in a Forex trading course.
So, for those who plan on getting concerned in the Forex market, think about finding all these items in a Foreign currency trading course. Creating the appropriate data and abilities in trading on the earth’s largest and most liquid market on the planet will definitely assist you to make it to the top and achieve your goals as a successful online forex trader .
Forex Demo Accounts Issues
February 13, 2010 by Forex Guide
Filed under Forex Book
Forex demo accounts allow you to trade the Forex market while not putting your hard earned money at risk. As these accounts are for practice, so they have to be free. So, in the case any Forex broker is trying to charge you for one of them, just look for another Forex broker.
The majority of Forex demo accounts work about 30 days, but there are some accounts that could work longer or shorter. This period directly depends on the Forex broker that you choose to open your demo account with. Today there are a lot of Forex brokers that could let you continue to use the account for longer than the trial period that they say it the account is for. As well, there are Forex brokers that will discontinue the demo account as soon as the trial period is expired.
Forex brokers offer Forex demo accounts to potential Forex traders as a method to get the other people interested in their Forex trading tools as well as use their Forex broker services. As the result of it they will collect some basic information from you when you create your Forex demo account. There are some Forex brokers that may call you and see how you are doing with the account and see whether they could help you get started in a live account. Do not forget that brokers get paid a commission only when you are making trades in a live Forex account, but not in the Forex demo accounts.
It is recommended to use the Forex demo account till you have tasted your Forex trading strategy and you are comfortable in trading the foreign currency market. There is nothing worse than making a mistake in a live account, especially when it is something that you had have learned not to do in your Forex demo account.
You have learned a lot using the Forex demo accounts to test your various Forex trading strategies as well as test new strategies. There could be situations when you will need to run from 3 to 5 demo accounts simultaneously to try out various Forex theories. Some of the Forex brokers make it easy to have multiple accounts while other Forex brokers do not have them. The Forex broker who allows you to create new demo accounts in just some mouse clicks and does not care how much accounts you have as the result create a proper consequences to test theories on their software as opposed to other Forex brokers.
Even in the case you have been trading the Forex market for many years, you will want to try out some new methods of trading and it is what the Forex demo accounts are great for.
It’s very important to know that forex trading is not a casino, though it may look like.
Hence, people who start trading on the Forex market, are getting into a trap.
And this is where a good forex book can be of big assistance.
Of course, it makes no sense to trying going through all forex book info in the world, but extra information is not an extra.
