Your Questions About Free Forex Account
October 23, 2011 by Forex Guide
Filed under Forex Account
Jenny asks…
What is the best platform for Forex Trading?
I want to invest in forex market.It seems more hopeful in future.which plat form gives the best analysis and free practice account with some bonus.I need real answers!!!!!!!!
Forex Guide answers:
There is no good FX platform or company.
There are only ones less bad. Be very careful…. It’s very easy to make money in a practice account. Paper money trading should never be used as a guide to the future. You only want a US regulated company (anything else can lead to great financial pain).
Some good choices;
GFT
InterbankFX
A great example of what to avoid;
eToro
finexo (very, very, very expensive)
Two good web sites for you;
http://www.fx360.com/
http://www.babypips.com
George asks…
Forex traders and people : how is marketiva?
I just open a free account in marketiva.com.. I can do with virtual money, and they also give 5 dollars for free for doing in real.
IS it good…?
Which are other who give free money to play at first?
(i will ask another question related to forex)
Forex Guide answers:
Most brokers provide demo account and some of them will give you bonus when you open a real account.
Etoro gives up to $10000 on your first deposit but of course that means the deposit needs to be quite high.
You can also get 10% cash back for free, worth up to $1000 if you deposit $1000 or more from Forexyyard.
Instaforex offers welcome bonus.
Hope this will help.
Maria asks…
What is the best forex broker in UK ?!?
Hi
I used to trade Us stock market .. but recently I’m trying to try the Forex .. I started with a Demo account but really confuse about the broker that I should use for the real trading ..
I contacted FCMX , ETORO , forex.com
I don’t want to go for ETORO because I tried there platform and it really suck! Lot of error and very slow support I didn’t like it ..
the good thing with forex.com that they provide free esignal account ! but I dont know how good they r ! the same for FXCM
please suggest for me the best broker in ur opinion and WHY ?! and also the best forum for FX traders ! so I can get read more there !
Thanks
Forex Guide answers:
Every person has diffrent methods to jugde and reviews the best broker as scalper use the broker that has constant spreads on news and on spikes.
Some day traders dont care about spread changing during news.
So first to know which type trader you are and after that search for a good broker.
As my own experince i am using 3 diffrent UK brokers..
Alpari.uk , thinkforex and forex.com
they all are best for me..may be not for yuu so try to search your self about broker that you like
Sandy asks…
Looking for a quality forex robot. Any suggestions?
I recently started reading about forex robots that do forex trading for you and make profits as a result. I decided that this was interesting enough to investigate further.
Basically, I have seen a number of these robots on the internet, all of which have been highly recommended by various sources. Can anyone recommend a forex robot that would work well for me?
If I do decide to do automated forex trading, I can only give an initial investment of about $200, so it has to be a robot that can work with small deposits. Also, I would prefer this robot to be fully automated, though I’m open to accepting robots which require some management. If the robot is free, I would also prefer that, though I don’t mind paying for it (why do these people need to charge money for a system that is used to make an income?). While I’m at it, can anyone suggest a forex trader that will accept a deposit that small, allows trial runs on a free account, is registered with the NFA (http://www.nfa.futures.org/ ) and the CFTC (http://www.cftc.gov/ ) and is compatible with the selected robot?
So that is my question. I am aware that there are people that will try to use their answer to promote the product of their choice (even if it means lying) and will earn some commission when I purchase the robot. So I have to set some rules for the answers provided here:
No Affiliate links or links to sites with affiliate links,
No redirect pages
No testimonies from people who haven’t used the forex robot mentioned in their answer.
I already know where some of the more well known forex robots are found and a search engine can probably find me the rest. As a result of these rules, there is no reason for anyone to give a glowing testimony they would usually use to sell the robot, since said people aren’t allowed to use affiliate links and hence can’t earn commission from a sale. If you need to put a link to the forex robot’s main web page, use the actual page’s address instead of one with your affiliate link in it. And don’t put the link to the page in a redirect link (such as Tiny URL.com) because that can be used to hide an affiliate link.
The third rule also applies to people who haven’t used forex robots because they think they are scams. I would prefer answers from people that have genuinely used a robot and can share their real experiences with it.
So that is my question. I say thank you to everyone who decides to answer my question.
http://bizsolbiz.com
i hope that resolve your problem.
It didn’t! It’s a search engine.
http://bizsolbiz.com
i hope that resolve your problem.
- Unfortunately it didn’t help me! It appears to be a search engine and the only info on Forex I found was one paragraph with no link to products or more info.
@Gobbler
- Like I said in my question, I would prefer a negative answer from someone who has actually had a bad experience with forex robots. The reason for this is that you, for example, might say that forex robots are scams when in reality, they are actually real money makers. And because someone like you scared me off with a negative opinion, I never get to utilise this income opportunity. I agree that there are scams that are labelled as legitimate income opportunuites, but on the other hand, the same logic holds that there are legitimate income opportunuites that might get labelled as scams.
no robots trading .honestly they dont work.
my advise is use any auto trading strategy.now a days forex yard started auto trading strategy by proffessionals. u can find here more use full info about it
http://forexplatformslist.com
- Thank you for that. Have you personally used a forex robot? As for forex yard, your link was a bit unclear as to what it actually involves. I know that forex robots interact with your forex account to buy and sell forex for you at a profit. How does forex yard do automatic trading though? Could you please provide me with more info in this regard?
@Advisor
Thank you for your answer. Unfortunately, the website you linked to has an affiliate link (most likely yours) to the product’s page. I clearly said, “No Affiliate links or links to sites with affiliate links”, which you have done in your answer.
You are correct, I am a careful person. That is why I now have serious concerns about the quality of your answer. Not eligible for Best Answer award!
@Livermore
The best recommendation I can give you is this one: Forget Forex Robots. They are useless.
- Do you say that forex robots are useless because you have used some and they didn’t work or because you have made an assumption? Please provide evidence that they are useless. That goes for Jack as well.
Just some more comments for Julie:
Paragraph 1:
- You do have a point there.
2: That’s why I made the “No affiliate links” rule. That way, their lies won’t earn them a commission. In fact, I just dismissed one answer here because they put an affiliate link in their answer. There is no way I am going to trust their answer, even if the affiliate link is removed.
3: That might be correct as well. In their defense though, it is common knowledge that you should test the forex robot on a demo account before you invest real money into it. Hence, the people who use the robot should have more than enough warning that it doesn’t work before they start bragging about their sucesses.
4: Could just be a marketing technique. They go to any measure to convince people that their product is the best, even if it means lying about their competitors.
5: That’s why this question exists, to get that proof. Furthermore, can you please share the details for the forex robots you HAVE tried in the past?
Forex Guide answers:
The best recommendation I can give you is this one: Forget Forex Robots. They are useless. If you want to make money in Forex, work on it and develop your own trading system.
Laura asks…
Does anyone know how Forex Android can be tried out for free?
I’ve recently came across this Forex trading solution. There are good and bad reviews about it across internet as with anything.
I would like to tap into the forex market long time ago, and this solution seems to be something worth to try, and I’ve heard that it is freely available.
I am still not sure what it does exactly…
Is it like an Expert Advisor which can be installed on a Metatrader platform or under any other forex trading software?
Does it actually do the trades or it is “just” a signal service?
There are so much scam EAs and similar out there that I am very cautious about this. So basically I would like to try it on a demo account then on a live micro account etc. Is this possible?
Please if You use this software (Android) and have experience with it, then post your thoughts and impressions here.
Thanks in advance for your answer and time which you’ve spent with it!
Best Wishes,
Mate
Forex Guide answers:
I just read nice guide on forex, It’s called Insider’s Guide to Forex Trading and I would reccomend it to anyone trading on forex. If you want to make money on forex this could be most important book you’ll ever read!
It covers everything there is to know about Forex trading.You can find more details here:
http://choprz.com/pz02x/
Powered by Yahoo! Answers
Your Questions About Open Forex Trading Account
October 19, 2011 by Forex Guide
Filed under Forex Account
Donna asks…
how to open a forex trading accountt without a credit card?
Only got a Mastercard debit card and a bank account.Will I be able to open a trading account to do Forex trading…Please help as I’ve been jobless and need to open account as sooon as possible to start trading.
Forex Guide answers:
If you are new to trading, it will be best to get a job and trade forex on the side.
Trading forex, or even the stock market is not easy. 8 out of 10 persons who go into this will lose some or all of their money within 12 months. What’s worse, if you will rely on your trading profits to cover for day to day expenses, you will take on unnecessary risk and will fail in this venture much sooner.
Now to answer your question on funding your account–you have other options to fund your account. One is to wire transfer the money to your broker, which is more expensive and takes time. Another option for you is to send them a check, which also takes time. Have you tried using paypal, (if your broker accepts paypal–if not, try oanda.com)?
Hope my input helps.
Http://jsforex.blogspot.com
- Jim Syyap, Managed Forex Accounts
Joseph asks…
has anyone any experience of the saxo bank forex trading platform?
I’m thinking of opening a FOREX trading account with SAXO Bank – and would like to canvas the views of someone wh has used them before
Forex Guide answers:
Saxo is one of the reputable forex brokerage. I have experience in trying out their system many years back, but it does not suit my preferences. Anyway, as I said that was many years back and I believe there should have been various upgrade on their system to date.
I would suggest you to sign up a demo account to try out their trading system if it’s suit you.
Good luck.
Ken asks…
What is the procedure for opening Forex Trading accounts online? (For Indians)?
Forex Guide answers:
1. Open account
2. Fund it
3. Trade
4. Lose all your money
Susan asks…
Suggestions for forex trading platform?
I would like to open a forex trading account and looking for a genuine platform for it. Please suggest few good platforms from your experience. Particularly expecting reivew on Paazee.com
Forex Guide answers:
Http://www.paazee.com/ is more about what the web site doesn’t say. There is no explanation of their charges. They say it’s “commission fee”…. Well so are 90% of other FX brokers. They don’t tell you about the spread charge (which is how they make money).
With all the rip off’s and scams in Forex Trading…. You’d be better off with a government regulated broker (which is still not great… But better than most).
GFT
One & One
InterbankFX
FXCM
These are legit, FX brokers with fairly good spreads. Hopefully you’ve taken a year or more to learn the basics of Forex ,”Technical Analysis”, Trading Money Management and Trader Psychology. If not…. Say good bye to your money.
Of the four listed (above) I use GFT. Be prepared to lose most (or all) of your money on your first account. Most successful FX traders start to succeed on their 2nd or third FX account.
Betty asks…
Is it possible to make money from share trading and Forex trading?
hi friends, I am planning to start online share trading, i opened account in share trading and forex trading. My plan is 100% committed to share and forex trading. I will take it as full time job and business. If I work hard and read business papers is it possible to earn 10% of my investment monthly. And also help me, Forex trading or share trading, Which is good???
Forex Guide answers:
Sell a digital downloadable product.
Like an eBook or some other type of digital product. This way, you don’t have to deal with postage or anything like that.
It’s like an online vending machine!.!!
It’s really easy to set up websites like these. In fact, you can buy a website on eBay for very very little time or money,
and start making money within a week or two of marketing your website’!-!
Powered by Yahoo! Answers
Leo Trader PRO- Log Into The Live Real Money MT4 Account And Verfiy Yourself Over 100% NET PROFIT Per Month!
December 16, 2010 by Forex Guide
Filed under Forex Robot
Log into the Leo Trader PRO live account and verify the 100% NET PROFIT per month. Download this award winning Forex Trading System that made 1,306.50% in just 1 month of the Surefire Trading Challenge. Try these Forex Signals from two top gun traders. Amazing breakthrough in FX Technology (neural nets)! Neural Nets at The International Traders Expo! See Leo Trader Pro at The International Traders Expo! Leo Trader Pro? Neural Nets? You’ve got to see this social proof! 1% Drawdown, Over 100% net profit! Real traders talking (on cam) about neural nets (103%/month)…Those of you who are real die-hard traders will have heard of The International Traders Expo. It’s the biggest event on the trading calendar and it recently went down in Las Vegas, Nevada (November 17th-22nd).
Well, the people in attendance were privileged to witness something truly amazing. The world’s FIRST Neural Net based FX Trading Robot! It’s called Leo Trader Pro and this is a truly phenomenal breakthrough for FX traders everywhere. You see, neural net technology isn’t brand new. Even though it’s the best way to go about building an intelligent trading robot, this is notoriously difficult stuff to work with. Coupled with the fact that RETAIL Forex speculation is a relatively young niche, there just hasn’t been anyone big enough paying attention to this technology.
More importantly, no-one has been paying attention to the possible applications of the neural net in FOREX …and what this could mean for traders like us. The team behind Leo Trader Pro has just changed that! Leo Trader Pro has been trading a live account for almost five months now and its performance is nothing short of stellar!
==> Leo Trader Pro averages 103% net profit per month
==> Has a drawdown of less than 1%
AND
==> Is currently sitting on an almost 500% net profit LIVE account!
(NOTE: Watch how the Leo Trader Pro team show REAL traders, on camera, Leo Trader Pro’s performance… impressive!) This is hands down, the BIGGEST thing to happen in Forex since the advent of the automated trading bot itself. This is not a statement that I make lightly! The last couple of years in FX automation has just been a warm up for this. You might say it was the industry’s training wheels. Leo Trader Pro is what the FX bot was always meant to be… and it’s finally here!
Check out this link to see Leo Trader Pro at The International Traders Expo. There’s some great video footage here that takes you behind the scenes. It’s time for change! There are some very nice interviews with traders who visited the Expo, don’t forget to check those out. When’s the last time you saw FX software like this debuting at one of the leading trading expos? This is going to be BIG!
Every couple of years something major happens in the FX industry that changes the way people trade. First we had manual systems, then we had mechanical ones. We had EAs and custom indicators… most recently it’s been robots. For all the hype surrounding automated trading, I’m sure at the back of your mind you must’ve been thinking that this era of trading wasn’t all that it should’ve been. It’s as though automated trading never really fulfilled it’s true potential… until now!
The world’s first true Neural Net FX Bot debuted at the International Traders Expo a few weeks ago. To put things into perspective, you could say that the bots we’ve seen so far have been the trailers before the movie starts. So what’s the name of the feature film?
LEO TRADER PRO!
Take a look at some footage of Leo Trader Pro at the International Traders Expo. This is a giant leap forward for FX traders and for the industry as a whole. When’s the last time you saw something like this debuting at the biggest event on the trading calendar? NEVER! Don’t make the mistake of thinking this is just another piece of software. Leo Trader Pro has been:
==> Trading a LIVE account for almost 5 months now
==> It’s averaging 103% every month!
==> Has a minuscule 1% drawdown
AND
==> Is at almost 500% net profit as I write this!
Neural Net technology is not exactly new. It’s just very complicated to work with… but the potential applications are mind blowing! RETAIL FX trading as we know it is also relatively new, so there hasn’t been anyone with real clout willing to devote the resources necessary for this kind of project. That’s why Leo Trader Pro is so amazing. Finally, some heavy hitters are bringing REAL innovation to the Forex industry. Check out the interviews at the Traders Expo and you’ll see what I mean. This is the biggest thing to happen to Forex in years! I’ll let you know as soon as I have more news about Leo Trader Pro!
Foreign Exchange Automated Trading Coaching- Required Knowledge For Fx Rookies
February 20, 2010 by Forex Guide
Filed under Forex for Beginners
A lot of Investors have become something highly prosperous Trading within the Fx Market place. Trading within the Foreign exchange Marketplace could be very attractive. In the Forex Automated Strategies, understand about when it is the best time to buy or sell, chart the movements, spot Marketplace trends and also know how to change this several Trading platforms offered inside the Forex Marketplace.
The basic knowledge about Trading in the Forex Marketplace can be a great assist with your cash-generating endeavor inside the world’s largest Marketplace.
Forex Trading Online – The issues Why should you Include in Fx Trading.
o Forex hardly ever rests
o Foreign exchange Trading online presents fantastic power
o Foreign exchange prices are foreseen
o Fx trading online is percentage free
o Fx trading online is instant
Look it over and see what Foreign exchange trading online are capable of doing for you!
Anxiety plays an essential part in Foreign exchange Traders. An excellent Forex Automated should coach you on how to approach stress and trade successfully and efficiently.
As much as possible, you must look for a Fx Skill that offer real Trading systems where students can trade real currency on the Forex Marketplace or at least trade on dummy accounts inside a simulated Foreign exchange Marketplace. Live Trading and simulations ought to be offered in a Foreign exchange Trading course.
To get going in Forex trading, we have to get to know what Fx is. For the inexperienced, Fx trading involves exchanging the different currencies of the world. Facts on Fx market
Fx market is the largest trading market within the world. Fx trading is very unique as the trades are done between two counterparts via electronic network or telephone connections. As a fact in Forex trading, Forex is mainly traded in large international bank. Why Fx is popular?
In Forex trading, you are able to always use technology for your own advantage. Online Forex trading has changed the way that investors do business. Also, Foreign exchange trading provides relative large leverage rates to individual traders. Fx traders can do business with up to 200 to 1 leverage rates. How to get started in Fx trading.
You don’t need much to get started with Forex trading. To reduce the risks of losing money, some basic charting knowledge is as well recommended before you start trading Forex. As stated by expert Foreign exchange trader Peter Bain, charting is an essential tool in Foreign exchange trading. In his newsletter, he reveals that daily charts, hourly charts, and 15-minute charts are used while trading in Foreign exchange. Fx traders who study charts predict the market future by evaluating past market performance. A huge variety of Foreign exchange charts are available in the market. Forex dealers are not all regulated the same way. Trade smartly, and gain the maximum out of Fx – good luck! Look it over and see what Foreign exchange trading online is able to do for you!
Fetch pragmatic info about forex investment – please read the webpage. The times have come when proper information is truly only one click away, use this opportunity.
Why FX Traders Must Pay Great Attention To The Forex Psychology
December 2, 2009 by Forex Guide
Filed under Forex Guides
Perhaps you have heard stories of people who lost money in forex. They are quite dramatic, aren’t they? And those stories are 100% true! Indeed, many people lose in forex. But at the same time it does not mean that forex is a scam. 90% of fx traders lose money in forex, while only 10% are able to win money there on a regular basis and in the long term.
Forex is a very tricky market. It all looks quite optimistic for forex traders. You have the Internet and trading platform. You have your PC. You can work any time you want. You have all the graphs and charts. All you need to do is to enter the market at the right time and then leave it properly. Seems quite easy, huh?
It appears that it only seems easy. This explained the fact that so many traders lose in forex. Some of them bring their life savings to forex and lose everything they have. It is not easy to recover after such enormous losses.
Amateur traders hope to have a bright future of rich men. They hope to earn at first $100 a day, and then increase capital. Sure, everybody wants to earn big money without doing anything. But it does not happen this way in forex.
Most fx traders have no respect for forex psychology. The psychology of a trader is very important. Every experienced trader would tell you that it is important to stay cool and not to let your emotions overwhelm you.
Forex psychology prepares you to deal with big money. When you see millions and billions of dollars out there in forex you lose control over your emotions. When you pictures yourself mansions and yachts which they will have once turning rich, they totally lose control over emotions.
Once a trader gets angry he may forget about getting any profit. Well, he may win once or twice but that will be his good luck which is as known not eternal. Good luck ends one day. Then come the losses.
Forex psychology teaches traders to fight greed. Greediness is the most serious weakness of most traders. The desire to earn as much money as possible makes traders take up stupid and risky decisions. Well, the risk is OK but when the risky decision has no grounds and is based on emotions, it will do no good for a trader.
Forex psychology teaches to fight fear. So many forex traders fear to stay in the market for a long time. They fear to lose. They quit the market too early. You need to be confident. If according to your strategy you must stay in the market you should stay.
Forex is a challenging but at the same time interesting job.
Feel like getting some automated forex trading? Stop, before you do that you must read the reviews of the forex software you want to buy.
For more info about online forex guide- read this review.
