Your Questions About Forex Card

January 3, 2012 by Forex Guide  
Filed under Forex Account

Ken asks…

Is there any Legitimate Online Investment like real estate, oil production, forex, stock, and commodity trad.?

I invested $100 to http://www.minvestment.com/?r=InvestmentPlan and got $46.50 with a simple interest profit 1.55% per day for 1 month. Then i invested more $2000 with compound interest profit 1.99% per day + extra daily interest 1.2% for 4 months and got $90009.22. It changed my fortune. Now i am going to a be millionaire within 3 years. Yahoo ! Time is money who tells this is right! yes it is absolutely right.
I use to send and receive my money to/from my e-gold account here http://www.londongoldexchange.com
Now i also use to send and receive money to/from my e-gold account with my visa debit card here. http://www.electrumx.com

Is there is any stock or forex training center present where i can learn forex or sharebuilder very well with experience ? I mean if anyone already learnt and made money with them ?

Forex Guide answers:

I made $60,000 with your specified program within 4 months. Yes they are genuine investment program.
Http://www.minvestment.com/?r=InvestmentPlan

William asks…

Online Stock Trading / Forex Trading?

Hello guys. am thinking of doing online stock trading . At the moment i dont know anything about .i’ve been looking for profitable or productive buisness stuffs i could do online, to augment my monthly pay cheque. However i would like to know (1) if its a lucrative online buisness to emback on. (2) If i need special training for it by experts. (3) If the risk is higher than the gain or vice visa.(4) the best institute that could teach me and help me at the initial stage of the trading. (5) is FOREX trading the same as online STOCK trading. (6) Is there any other channel of financial transaction apart from Paypal. I reside in the caribbean and paypal does seem to recognise our credit card transactions. Thanks for your time and answer

Forex Guide answers:

Investing is a passive thing that anyone can do and hope the markets go up and the economy improves and the system doesn’t fall apart again or another bubble doesn’t burst or the Fed doesn’t do something stupid, etc.

Trading is a profession, not a hobby. It requires committment, many more resources, much more education and training and experience and resources, like any profession. But unlike any other profession, the risk is very high, especially in Forex with 100:1 leverage. You may not know what that term means, but it is a primary killer in the futures and Forex markets, even for those that think they know something. Training is very expensive.

I’m not sure what you mean by stock trading being the “same” as Forex trading. They require different brokers and accounts. A stock is essentially part of a company with their own set of circumstances, products and services, marketing and competitive issues, employees and CEO’s. Trading the Forex is a world currency against another, called a currency pair, like GBP/USD, with their own set of world circumstances, governments, bailouts, GDP reports, interest rates, unemployment rates, etc.

What Does Forex Market Mean?
The market in which participants are able to buy, sell, exchange and speculate on currencies. The forex markets is made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and investors. The currency market is considered to be the largest financial market in the world, processing trillions of dollars worth of transactions each day.

Investopedia explains Forex Market
The foreign exchange markets isn’t dominated by a single market exchange, but involves a global network of computers and brokers from around the world. Central banks use their massive buying and selling capabilities to alter exchange rates through their open market activities and in many cases will do so not with profit in mind, but rather for any number of policy reasons. Forex brokers act as market makers as well, and may post bid and ask prices for a currency pair that differs from the most competitive bid in the market.

Jenny asks…

Going to Thailand. Can we carry Indian currency for expenses. How much? Any limit? What to carry?

Is it necessary to buy forex / dollor from India? I have a credit card with limit of 20000/-
Sorry for question more than 1 time.

Forex Guide answers:

Whatever currency you carry, you will be purchasing in Thai baht only – basic rule is the fewer times that you change money, the more of it you keep as there are exchange charges. I assume there is no reason why Rupees are not accepted here at money exchangers, but I don’t know that for sure.

John asks…

how to get a debit card below 18 (MASTERCARD)?

m 16 i trade forex and i am very sucessfull it in, can i get it?

Forex Guide answers:

You need to open a savings of checking account with a bank. This will probably require a adult to also be on the account. But since you are only looking for a dept card only it should be no big deal.

Daniel asks…

There are items on my Yahoo Tool Bar I want to remove?

The following are not listed in the window whee one can check or uncheck items The spellings are as on the toolbar
Green Card
Play
Forex
Chinese
Shop

Forex Guide answers:

Click on the green plus symbol at the end of the toolbar.

Click on the “Edit Apps” tab at the top.

Remove an application by hovering over it and clicking the red “X”.

Click on “I’m Done” at the bottom when you have finished.

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Your Questions About Scalping Forex

December 8, 2011 by Forex Guide  
Filed under Forex Account

Paul asks…

Scalping Forex and E-mini?

THIS GROUP IS SIMPLY, FOR EDUCATION PUPORSES ON HOW TO TRADE OR SCALP FOREX AND E- MINI’S WITHOUT HAVING AN OPINION ON THE DIRECTION OF THE MARKET. GOOD CONTRIBUTION, PLEASE

Forex Guide answers:

Don’t shout.

Mark asks…

What is scalping in Forex and why it is not allowed?

Forex Guide answers:

Scalping is not allowed because it works.

With the easy access to sophisticated computer systems and trading models it had become relatively easy to continuously grab small profits from high frequency trading.

We certainly would not want the brokers to lose money now would we?

Paul

Laura asks…

I want a method for scalping in forex trading?

I drew trend channel lines but Ican’t foresee trend reversals

Forex Guide answers:

Rick over at http://www.forexnewstrader.com is a master scalper. He scalps 1 min and 5 min candles, news events and serveral other strategies. Check him out.

Charles asks…

know some forex brokers that allow scalping and accept liberty reserve.?

know some forex brokers that allow scalping and accept liberty reserve?

Forex Guide answers:

The Forex Broker that I use accepts investment via Liberty Reserve, but they do the investing for the client. I have been using them for 5 years now and haven’t had any service issues and have received excellent returns.

David asks…

Did anyone know any ”desk or non-desk ” broker that permits forex scalping?

Did anyone know any desk or non deskbroker that permits forex scalping. I want to enter go into forex trading with $1000.
I have used interbank meta trader 4 demo for 4 weeks now.Any advice on interbank or any other better broker.Is there going to interest on money like tax if you make a profit apart from the spread taken by the broker. Any information will be appreciated.If scalping is not allowed then What is the minimum minutes on a particular position be4 closing it. Thx.

Forex Guide answers:

You are asking several questions here.

1) Which forex brokers permit scalping?
Answer: Most retail forex brokers, dealer desk or non-dealer desk, all claim to permit scalping. It is in their best interest to attract as many traders as possible regardless of what the term “scalping” means to them. There are daily scalpers, hourly, min, second scalpers. All brokers dislike quick entry and quick exit traders, on the order of seconds that is. When you place a trade, there must be someone else on the other end to accept your trade. Brokers have the ability to pass your offer onto the interbank market. Unless your order size is large, it won’t be in the broker’s best interest to do this. They are likely to simply take the opposite trade that you take, in effect “executing” your order with the house (a casino term). At $1000, your best bet is to find a broker that acts like a casino and takes in every scalping order and executes it on the spot.

To date, the best one for this purpose is Oanda.com.

2) Interest or gains taxable?
Yes your interest is AND your profitable trade gains are taxed. You will be responsible for paying federal taxes, depending on where you live. In the US, you will face short-term gains tax rates on all spot forex gains unless you take other measures.

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Your Questions About Forex Demo Trading

November 13, 2011 by Forex Guide  
Filed under Forex Account

Linda asks…

How do i learn forex trading?

Please i opened a demo account and just don’t know how to operate the thing…where can i find a good book to read,or does anybody have a material that will be helpful to me,please send to shawn.aust@yahoo.com

Forex Guide answers:

There are two resources I would recommend.

The first is a video course by David Waring:

http://www.informedtrades.com/f112/

The second is an educational site:

http://www.babypips.com/school/

Both of these sites also have forums where you can joint a community and ask questions.

Maria asks…

Best Forex Brokers Java, Small spreads, demo accts?

Hi everyone,

I’m new to forex trading and would like to see what your opinions are for someone looking for:
-Java based broker,
-Small spreads,
-Offers demo accounts.

Thanks very much!

Forex Guide answers:

I agree. Oanda.com has a platform they call FXTrade that satisfies all 3 of your requirements. The spreads cannot be beat by any other retail forex broker to date. Oanda is able to do this primarily because they don’t have an affiliate or referral program. Less middle men the better. (Despite Oanda themselves being a middle man, haha)

Richard asks…

can you download a forex demo platform to a usb and load it on any computer with internet to trade?

Forex Guide answers:

It depends on the platform. If you mean MetaTrader 4, yes, installing it onto a USB drive should work.

Daniel asks…

Can someone tell me how to execute this forex trade in a specific demo platform?

EUR/USD
1. Open a long order at 1.5673
2. Open a short order at 1.5579
3. Set stop loss to 30 pips
4. Set profit target to 80 pips
5. If long order is executed first, move the short to 1.5637
6. If short order is executed first, move the long to 1.5613

I understand the concept and what I’m supposed to do, but I can’t make heads or tails of any of the trading platforms I come across. If anyone could suggest a good demo platform and could help me through setting up this trade, it would be greatly appreciated.
Also, is it possible for someone to answer on here without promoting their affiliate link?

Forex Guide answers:

What I can suggest and strongly recommend for you is the automated Expert Advisor system which I use , This EA analyze and trade for you all on autopilot .
I recommend this system just for my close friends as it’s the best i used till now.
It cost $97 and You can try it on demo.
It also has 60 day money back guarantee , so their is no loss.
I purchased it 3 weeks ago and satisfied with it so much and sure you will.
Its website:

http://www.ForexTracers.com

Hope this will help you

Susan asks…

Hi, I am wondering has anybody earned trading on forex?

I know that it is quite easy to earn money on Forex. And I do it on demo version, although has anybody earned with that?

Forex Guide answers:

It is not easy to earn money in forex. Thats a wrong thought.
All investment vehicles has risk. Forex has it too.
Those who earn money in forex has a Proper trading system.
Understanding PRICE ACTION in forex is the key.

Until you are profitable in your demo account, then you move on to trading real money.

From my 14 years of forex trading experience.

Asia Forex Mentor,
Ezekiel Chew
http://www.asiaforexmentor.com/

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Forex Binary Options-A Powerful New Investing Tool That Can Make A Return As High As 1,328% In Just A Few Days!

December 27, 2010 by Forex Guide  
Filed under Forex Strategies

Discover these Forex Binary Options Systems that can make 402% daily. Watch this shocking Forex Profit Multiplier FREE Presentation that shows a 60 second forex trading method that can be repeated multiple times a day and made 384 pips in just 12 hours. Download this award winning Forex Trading System FREE that made 2,956.16% in just 1 month of Surefire Trading Challenge. Forex Binary Options Can Deliver Massive 1,328% Gains! Forex Binary Options is a tool that 99% of the investing public hasn’t heard about yet. Forex Binary Options are a brand new currency trading tool that is cheap, easy and powerful. In simple terms, Binary Options are a bet whether something will happen or not. It is just like a Yes or No investment.

For example, you can bet on whether EUR/USD rate will fall below 1.3570 or whether AUD/USD rate will rise above 1.0000. Now, if your bet comes out right and EUR/USD rate does fall below 1.3570 or AUD/USD does rise above 1.0000, you collect your original investment plus a profit. If not, you lose the original investment that you had made in the trade.

The maximum you can make on a binary options contract is $100. So, if you predicted the market direction correctly you make $100 per contract and if your prediction turned out to be wrong, you lose what you had invested in the binary options contract. Now, the maximum payoff that you can make with one binary options contract is $100. If you win, you make $100 and if you lose, you make $0.

Let’s consider an example. Suppose, the EUR/USD rate is 1.2380. Your charting analysis makes you believe that this rate could go as high as 1.2430 in the next few days. You want to bet on the direction of the market and the best way to do that is using a forex binary options contract. Let’s make this clear with a simple example.

It is Monday. So, you buy a EUR/USD binary with a strike of 1.2430 and expiration on Friday at 3.00 PM. You buy this contract for $7 only. On Friday at 3PM, EURUSD rate is infact 1.2435. Your account is immediately credited with $100 by the broker. How much you made in 5 days on your $7 investment? 1,328%!

Suppose, instead of just 1 contract, you had purchased 30 contracts for $210 only. How much you would have made on your $210 investment in just five days? $3,000! Isn’t it cool to make a profit of $2790 on a small investment of $210.

Now, if the rate had been 1.2415 on Friday at 3 PM, you would have lost your $210. Whatever, if you have been trading forex for a while, putting a stop loss of 20-30 pips is normal in swing trading. On a standard lot of $100K, this 20-30 pips stop loss means a risk of $200-$300. If the market turns in the wrong direction, you lose this much amount before the stop loss is triggered and you are out of the market.

So trading Forex Binary Options is a powerful new method of profiting from the volatility in the currency market that you shouldn’t miss. Once you have made your bet, you don’t need to continuously monitor the market. Either you will win or you will lose. Whatever, you can open a demo account and practice how to trade binary options before you take the real plunge! Good Luck!

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Forex Fortune Teller Review – An Easy Forex Trading System Anyone Can Learn For Triple Digit Gains

December 27, 2010 by Forex Guide  
Filed under Forex Strategies

Wish to consider take a look at an easy Forex currency trading system which works and can always work – why? Because its based on human instinct and that will never change. Whenever your while using system, you will be taking advantage of the losing 95% of traders to pocket yourself a triple digit income in only Thirty minutes a day – let’s take phone system.

Humans aren’t logical and people individuals who tell you, they are able to predict Forex price movement in advance are wrong. If you can’t predict what people is going to do how can you win? Simple – you trade high odds set ups and also you keep losses small , run your winning trades and if you need to do this you can make huge gains. The easy Forex trading system, we will take a look at here does just that – so lets look at the logic behind it and some simple tips for success.

Greed and fear can be found within the majority of traders and these emotions will push prices to far up or down and from value, when this occurs you trade opposite towards the herd and make big money. You can observe emotions at the office on Forex charts as short sharp accelerations in price and you will also notice they soon reverse. The key to winning of course is timing your trading signal.

Within the example below, we will look at a bull market but the same logic will exist in a bear market.
Keep an eye on your charts and look for a cost spike which suddenly explodes prices to the upside and you will normally find when these happen this news is telling you move will continue after which prepare to sell.

- To time your trading signal take a look at momentum. If price is rising strongly momentum will normally go up as well and you will see this on momentum indicators such as the stochastic, the RSI and also the MACD. Look for these indicators to be overbought as well as better, to become near an extreme on the daily chart and wait for momentum to fall, as prices still rise. This is whats called bearish divergence and means it’s time to sell.

- Once you have sold put stop loss protection in above resistance and watch for prices to fall after which, as they fall, move your stop to break even and then set a downside target and take profit.

- Within existing trends, you’ll always get brief spikes up which are to far ahead of the trend and you can trade these and when you need to do its referred to as swing trading and trades will last each day close to per week. When a trend ends, exactly the same reversal pattern can there be but when you catch a trend reversal along with a new trend develops, you’ll be engaging in a trend which could last for many weeks or many months.

If you trade into greed, once the majority believe the move continues which traders are bullish, chances are you will make a large profit since the majority is definitely wrong. This straightforward trading plan can be used for brief term or longer term trading even though its simple, works and makes huge gains.

Now, without a doubt about Phil Jacobs A.K.A “Forex Fortune Teller

Phil Jacobs A.K.A “The Forex Fortune Teller” will reveal a killer forex market technique which you can use instantly to turn $1000 into $1.A million in 2.2 Years. No chart reading or boring technical analysis involved in the entire trade process. You can even get FREE auto trade.

If you are wondering about Forex Fortune Teller Review, Phil Jacobs reputation, or is Forex Fortune Teller SCAM or even the Real Deal? You can go to: http://reviewbest.net/forex-fortune-teller-review

Obtain useful information in the sphere of easy music books – please make sure to go through this site. The times have come when concise information is truly within one click, use this chance.

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