Your Questions About Forex Demo Trading Account
October 25, 2011 by Forex Guide
Filed under Forex Account
Sandra asks…
I’ve made 300$ for about two hours trading Forex and shares.?
Ok,
First I have to mention that I am a complete newbie in forex and shares and that the money are not real, but from a demo account, thus simulation.
Here is the deal:
http://lmdesign.net/clp3.jpg
(save the picture to see it with better quality…its not a virus, calm down 
So, when I started my balance was 50, 000…now you see it’s
50, 300…the same is my “Equity”.
When I started my Equity was slowing down to 49,600…I guess that means that the money I was spending to buy shares and forex are about 400$…
So, at the end I need to mention that I bought 20 lots from
Rolls Royce, because I saw that it was big difference from the “low” and “high” there- 437(low)-445(high).
I have also bought 10 lots of EUR/JPY and others pairs with EUR and GBP.
As you see I am completely new at the stuff…but am I right that I have spend only 400$ and end up with 700$ for an hour?
Thanks alot!!!
Forex Guide answers:
Hi, Im not a newbie to the trading,I do it 3 years already ,first 2 years were terrible,then I found www.4xgenie.com ,signed up for their servis (free for 3 weeks,then just $90/monthly) and now I m between $500-$700 daily.
You have to use MSMS555 code to get it for free first.Good luck.
If you have any q’s, they will be answered. Great support , plus they have a chat room for traders,so you can see its not a scam or something.
Michael asks…
Why do I lose money trading forex right off the bat?
Its just a demo account btw. I go with the trend, and the trend is still on but I see my losses go from 20 to 30 to 100 in just a few minutes. Then at times I purposely do the opposite of what I think I should do, but I still lose right off the bat. I dont know what the deal is and I was wondering if someone could throw some light. Is it the spreads that cause me to lose right away?
To give you an example, I just made a trade and it got executed about 20 pips against me. Now theres no way the spread is so high right? So is just that the demo Im using is crappy? Im using OANDA fx game.
Forex Guide answers:
You should ONLY trade using ‘limits’ .. If you trade ‘at best’ some-one will be happy to take the shirt off you back ..
Ken asks…
Which online FOREX broker is recommended for trading in the United Arab Emirates?
Hi everyone,
I live in the United Arab Emirates and would like to know, which forex broker can I use to trade online. At the moment I’m practicing on a demo account from www.fxpro.com the platform is good but I’m a little skeptical about an online broker in Cyprus.
The broker need not be in my country or have an office here. I don’t mind dealing online(i.e. sending & withdrawing money directly to my account).
I have googled and found a couple of sites but would like to know if someone has a good experience and can recommend me here.
Thanks & Regards
Ecronic
Forex Guide answers:
You may check your options here. It will lead you to a popular, leading forex broker that has gained the trust of middle eastern traders because it is shariah law compliant. The level of personal service is excellent. By opening an account, you will be provided a personal account service manager or asm as mentor and consultant. Discussions can be done via phone, email or chat. You may also download a 50K practice account to start with. All the best.
Mark asks…
Successful Forex Trader Question..?
i am very good forex trader and i want a Job
i have Proof that i am very good forex trader, no nasty demo trades but live account statements.
i started with $30 and reached $500 in couple of months. i have live statements
but i want a job such as forex adviser
1 may ask if u have converted $30 to $500 why u not continue and trade for your self.
the answer is $500 is not enough, with $500 in forex i can make $100 per month but i cant live with $100 per month salary. so i am looking for a suitable job some one please tell me where to find these kind if job opportunities. thanks you SO much in advice
Forex Guide answers:
If you can turn $30 into $500 in couple months, you can also turn $500 into $8000 in another few months. With that, you can easily make a living just by trading forex for yourself instead of working for someone.
Okay, if you insist of getting a job, try your luck by sending your resume to all the forex brokers in your location.
Good luck.
Joseph asks…
Successful Forex trader Question..?
i am very good forex trader and i want a Job
i have Proof that i am very good forex trader, no nasty demo trades but live account statements.
i started with $30 and reached $500 in couple of months. i have live statements
but i want a job such as forex adviser
1 may ask if u have converted $30 to $500 why u not continue and trade for your self.
the answer is $500 is not enough, with $500 in forex i can make $100 per month but i cant live with $100 per month salary. so i am looking for a suitable job some one please tell me where to find these kind if job opportunities. thanks you so much in advice
Forex Guide answers:
If you can turn $30 into $500 in couple months, you can also turn $500 into $8000 in another few months. With that, you can easily make a living just by trading forex for yourself instead of working for someone.
Okay, if you insist of getting a job, try your luck by sending your resume to all the forex brokers in your location.
Good luck.
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How To Develop Your Trading Skills And To Become A Good Forex Trader
August 4, 2010 by Forex Guide
Filed under Forex Book
There is a lot of information about people who make money with the help of forex market. You have probably heard a lot about them and know that it is possible to make income with the help of forex. What is more, there are so many different stories on what is really interesting and important when you trade on forex and how it is better to behave in order to make money. In other words if you would like to make money you should not worry much about some details. There is no need to pay much attention to some learning or to different courses. Yu should just trust the stories which tell you that there is nothing as easy as to make money with the help of forex market. That is why, you should just start making money and think of nothing. In fact it is not true. There are few things which are the reasons why people cannot make money on forex market and why they fail when trying to trade. If you would like to have some result from trading you should try to avoid making the same mistakes and get to know as much as possible about forex market in order to develop your own strategies and to get real income.
First of all, you have to realize that there is nothing wrong in trying to get income. You have to realize that there are no rules and no one can order you to make money only doing usual jobs and trying nothing new and exciting. You have to realize that there is nothing better than to start something new. It is important just to try and you will definitely succeed. That is why, forex market has to be something new and exciting for you. Try to understand that there is nothing special. Do not believe in those exciting stories of how it is easy and great to make money and that you are likely to make money just dreaming of it. You have to realize that only your own experience matters. Nothing else is likely to help you. That is why, be serious about forex and do not be afraid of the trading process. You have to realize that with the help of forex market you have chance to make your life different.
In order to start a successful forex trade you should realize that there is nothing better than to learn. You have to get to know everything that is unfamiliar to you. What is more, it is necessary to realize that with the help of forex market you have chance not only to develop you trading skills but also to enrich your experience. It is necessary to realize that the more you try the better results you are likely to get. That is why, be brave and persistent and you will definitely succeed sooner or later.
For the people who want to earn on the forex trading – please check out this site with important knowledge.
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