Your Questions About Forex Card
January 4, 2012 by Forex Guide
Filed under Forex Account
Nancy asks…
What are the top two best online forex companies?
I am thinking of getting into forex as an investment oportunity. It looks fun and possibly profitable if I play my cards right.
I have had practice on XForex.com, but that site is so unreliable and has such bad customer service that I cannot stay with it.
What are the top two best online forex companies? I don’t mind downloading trading software, in fact it might be better. An integrated online system is alright though.
I would like the top two just in case someone who works for a forex company answers =P
Edit: I mean online companies that allow me to trade in foreign companies.
currencies^^
Forex Guide answers:
I find finexo.com, forexwebtrader.com as the best trading platform to trade forex. As you are tested by me and i strong feel they are genuine and their services are helpful to all the traders.
David asks…
Trojan/Keylogger Problem?
Recently I got a worm Lsas.Blaster.Key logger. and Trojan bnkwin32 key logger. My question is: Do these worms/Trojans steal account information like Facebook/msn/Forex/aim, credit card stuff… etc. I use Mozilla as my browser. My other question is how can I get rid of them, I now they’re trojans trying to trick into buying the security,so someone help me please, I really need to know if they really do steal info.
Forex Guide answers:
Hi Raze,
A keylogger virus is a small application that records all the keys you stroke on the keyboard since you logged into your operating system.
All the data is stored into a text file which is distributed over the Internet through various channels, for example, there are MiRC channels that live stream login details for various sites by using this kind of viruses.
If you will login to any sites that require authentication, then there are high chances that your login details will be distributed over the Internet in no time.
Windows provides sort of a solution through the on-screen keyboard which can be found under Start Menu>>Accessories>>Ease of Access.
I would strongly suggest you get yourself a good anti virus program and scan your computer for viruses, since the main concept of a backdoor virus is to leave a coded trace for other viruses to infiltrate and damage your system.
Best Regards,
FXCC Representative
Michael asks…
what do you do that’s fun and you make money at it?
I for example trade stocks, forex and I go fishing and sometimes win the jackpot I also play cards with my friends and win too…what do you do?
Forex Guide answers:
I like to play Texas Holdem online at several different sites. I play a lot of freeroll tournaments and usually do very well, finishing in the money in the majority of the games I play in.
Of course, sometimes this is only a dollar or two, but sometimes it can be a lot more. My biggest win in a tournament is $1000. And I am on the money leaderboard on the site where I play most frequently.
Online poker is fun and challenging. I use a system called the Texas Holdem Dynamic Point Count Super Strategy, and it has worked well for me. Here is a link:
http://www.thedoverpro.com/poker.htm
I also play at the real casinos, but sometimes this is not as much fun. Playing at home online is a lot better!
Mary asks…
I wish to change my name…?
I wanna change my name. I am 24,and I have all the documents, including my passport, PAN card, drivers’ licence, voter’s ID, and all my certificates. I am a Forex trainee. What are the procedures and rules and regulations for the name change??Also, am I still going to be eligible for my mom’s property? I don’t have any siblings and my mom is a divorcee. Can you provide the info??
Forex Guide answers:
Yes u can change ur name.
U hv to go to ur local court or any notary after a short stamp paper work u r allow to do this.
After this u hv inform it via local news paper etc.
Maria asks…
do indians bank give a damn about paypal money?
hi, i am a fx trader and as you all know that from 21st of feburary The Reserve Bank implemented rule than resident Indians cannot trade in forex market as per the existing regulation. they restricted wire transfer to overseas broker and stopped the credit card companies from giving payment for the purpose of forex trading. from then i have been using paypal withdrawing large amount 6-7 times every month(2-3 lakhs) from paypal this is my second month. i am afraid that the bank might question me about the money from paypal. will they? if yes what is the solution?
Forex Guide answers:
If there is a ristriction, why dont you follow the law, you might be charged with money laundering offence
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Your Questions About Scalping Forex
December 19, 2011 by Forex Guide
Filed under Forex Account
Linda asks…
Who is the best forex broker in the market?
In forex market who is the best broker?
Like tight spread in all condition, allow scalping
Forex Guide answers:
I think you’ll find that they each have their own pros and cons. I personally trade with Oanda, because they have really tight spreads, although they do get larger when big news comes out. They do allow you to scalp. The only real downside is the leverage isn’t that great.
Hope this helps
Sandra asks…
Automated Forex trading?
Hello i want to find an automated forex scalping system and an automated options on stocks system. Can someone help?
Forex Guide answers:
I have never heard of any automated system that actually worked. There are a lot of people who will try to sell you a bunch of expensive software packages of question value however. Be careful.
Ruth asks…
Which is the best trading style in forex.?
I have been trading in forex from past few weeks, i tried scalping but i haven’t found the expected results through it. Is there any better trading style u can suggest for me?
Forex Guide answers:
I would suggest you to develop your own trading style based on some technical and fundamental analysis. A mixture of both will definitely help you to catter better results.
I am using Finexo as my forex trader and i use Scalping and Day trading both to increase my earning potential. For further information on Trading styles you can check out my blogs on forex.
Mark asks…
Whats the best strategie to use in forex currency trading?
Currently Im betting EURvsUS for the long run
but I want to know if u can refer me to a page where I can learn more about scalping and other strategies
im using oanda.com fx game for practice , in the process of opening an account
Forex Guide answers:
The best way to learn is to test strategies out until you find a couple that work for you. Scalping is an art in Forex, but auto trading is a very powerful method. Find the one that you are comfortable with.
Donald asks…
ForEx brokers and limit order reliability?
Are most online ForEx brokers like FXCM or MB trading good at hitting your limit buy and sell orders? I’ve read so many mixed reviews online about slippage, scalping, etc. Many horror stories, but stories of success. If I have a plan that I’ve tested on a simulator that works, will it work with one of these brokers? (the simulator uses the same spread essentially with real historical data)
Forex Guide answers:
I have traded both MB Trading and FXCM live and have not had significant liquidity issues with either. However, to answer your question as to whether “most online brokers” are good at “hitting your limit buy and sell orders” mainly depends on the position size your attempting to enter the market with, the time of day and currency pair your attempting to trade.
And to answer your question whether your “simulator” will work with “one of these brokers” really depends on which code the simulator was created in. Is it an Expert Advisor coded for Metatrader? If so, MB Trading does not yet support the Metatrader software ( though are Rep there tells us they are working on it). MB uses the MBT Navigator which is much more difficult to create auto trading software for. FXCM recently began using Metatrader in conjunction with their FX Trading Station 2.0. Their Metatrader platform has huge drawbacks including not allowing demo accounts, not supporting multi-user accounts, and reportedly experiencing problems communicating between their FX Trading Station trade servers and their Metatrader Trade servers. I would recommend you google “Metatrader broker reviews” and find the brokers that best works for your situation.
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Your Questions About Open Forex Trading Account
November 16, 2011 by Forex Guide
Filed under Forex Account
Thomas asks…
Reputable Online Forex, which accepts funds from PayPal?
In addition, thell me the minimum money balance which is needed to open a forex trading account and start trading.
Thanks, very much.
Forex Guide answers:
THIS IS THE MAIL I RECEIVED A FEW DAYS BACK, TRY IT, ALL THE BEST 
Dear Kalra,
Thank you for your recent request for information on FOREX.com. I’m pleased to provide more details on opening an account and looking forward to servicing your Forex needs.
Getting started couldn’t be easier.
Complete Application
You can apply online or click here to download an account application. Many clients find the online application the most convenient method of setting up their account.
Once your account is processed, you simply need to fund and you can get started trading right away.
There are several options for funding your account:
Credit Card – the fastest and most convenient way
Wire Transfer
Bank or Cashier’s Check
Personal or Business Check
Should you have any additional questions, please do not hesitate to contact me at (646) 649-8810 or jdash@forex.com. I’m looking forward to having you trade with FOREX.com.
Sincerely,
John Dash
Mary asks…
Is Forex Trading Capital Intensive?
That is, do I need a lot of money to open and trade with a forex trading account?
Forex Guide answers:
Most beginner forex trading accounts can be opened for between $1000-3000 based on the forex broker company. You can start with demo accounts and move up to mini and regular forex accounts.
Since you choose the degree of leverage you wish to exercise while operating your forex account, most brokers permit a level of flexibility that you’re comfortable with. It is this leverage that determines the kind of profits you make from forex trading.
Lizzie asks…
Forex trading and IRS tax?
Hi, I just opened a Forex trading account and am wondering how the tax is paid if I happen to win money. The representative of my broker says
‘We do not report to the IRS or any other government agency. How you are taxed/pay your taxes on gains is between you and your tax professional.
If you trade and make $1,000 you can withdraw the full $1,000. We never draw down on any customer funds for taxes.’
But I’m not sure how it works exactly. Would you please enlighten me on this subject? Thanks a lot.
Forex Guide answers:
So hire a tax professional.
Forex falls into two categories. Foreign currency trading as part of a business–which falls under line 21 of the 1040 as other income/loss. Or investments that go on schedule D. When you have a loss, it makes a huge difference where you list the money…and you can almost guarantee an audit if you try to claim a loss on line 21.
Nancy asks…
I’m considering opening an account for currency trading, who should I go with?
I have experience trading securities and I’m ready to open an account so I can do some forex trading.
What are the fees involved with forex trading and who’s the cheapest?
Forex Guide answers:
Currency trading in the US is completely outside regulation, except futures and options. It is not illegal for a FOREX trader to offer a price away from the market to trigger margin calls to make extra profit and it is done. Either pick an English FOREX trader, which you cannot do over the net, or go to E-trade and open a global account. I am pretty sure you will not be able to day trade currencies, but you will be able to daytrade foreign securities. A pattern daytrader gets less leverage than a FOREX firm gives, but you get legal regulation.
George asks…
How i can only currency trade NOT FOREX ,which is the best bank in Canada to open account for currency trade?
Forex Guide answers:
Your question is not very clear. Are you wanting to trade Forex, or to not trade Forex?
If you want to trade currencies, and not Forex, you can trade currency futures or options. Any commodities broker can help you.
And you don’t have to use a bank at all, unless you just want to.
Just call a broker, and they will inform you. That’s their business.
Otherwise, check out some of the Forex sites.
Http://www.premieretradeai.com/
http://www.forextv.com/FT/Video.jsp?channel=41
http://umgarticles.atspace.com/forex-trading.htm
http://www.fxstreet.com/rates-charts/usdollar-index/
Here is the broker I use:
http://fxdd.com/
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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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Your Questions About Free Forex Account
October 16, 2011 by Forex Guide
Filed under Forex Account
Donald asks…
Which is the best forex broker in india offering free Demo Practice Account without any Deposit ?
Forex Guide answers:
I have tried www.nordfx.com. The only forex broker in india who provides free access to Demo Practice Account without any Deposit. Also, this forex broker offers support for Indian Clients in their Native Language beside English. Nordfx.com offers latest Trading Platforms Metatrader 4 & Metatrader 5.Their order execution is very fast
Mandy asks…
Do u know any forex broker giving free no deposit bonus / welcome bonus to start trading?
Any body knows any forex brokers giving free no deposit forex bonus? i want absolute free money to play in the forex market. I’m looking for brokers giving free welcome bonus on sign up of a new account.
if you know any please let me know.
thank you!
Forex Guide answers:
Yes, Alpari UK giving many bonus on new deposit,and I am IB for Alpari UK you can contact me to get details on bonus and securities for you funds.Contact me on 0091-9884163543
Joseph asks…
forex company that gives free real money BONUS without deposit in real account…?
Forex Guide answers:
Any company doing that will not be in business very long.
The “bonus” may be an incentive for opening an account with a certain minimum deposit – that is the only way I see this happening.
Other than that, it would likely be a scam of some sort.
Sandra asks…
Any Good Free Forex Alerts Services?
I am opening a practice account and would like a feww forex alerts services to test out.
Forex Guide answers:
I am trading with UFX BANK It provides one of the online Forex broker services on the market. Their amazing customer support is available 24 hours a day and they offer a broad range of trading tools and customer features.
Nancy asks…
Forex In Layman’s terms?
I recently applied for a free evaluation account @ Forex.com
Could some one please explain the difference between buying and selling. And how are the commodities effected?
Thanks
Forex Guide answers:
Forex ia the Foreign Exchange market. There are currency pairs in the market such as USD/CAD. This basically means that you are purchasing the Canadian currency with U.S funds. When someone purchases a currency they hope for it to go up in value relative to the currency they purchased it with to make a profit. Now this can fluctuate from time to time on mostly economic factors such as; the country’s outputs, gross domestic product growth etc. This would either raise the demand for a country’s currency because USUALLY when a country’s economy is attractive investors want to invest in the country thus increasing the demand for it’s currency. The Forex market is very volatile and requires anyone to extensively do their homework.
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