Forex Guide answers:

If it is too confusing, then you shouldn’t be investing in gold. You’ll never be able to do what you think you can do. First there is the spot price that a dealer will pay, then there is a markup price plus shipping that you will pay for the gold. Then when you want to sell the gold, the dealer will offer you a discount price to buy your gold.

Depending on from who you purchase your gold and type of gold (bars, coins, collector coins, etc.), you will likely have a round trip surcharge of 10%-70%. If you don’t understand the different costs, you will likely be very sorry that you ever purchased gold.

Forex Guide answers:

Yes, that is illegal. It’s a form of “kiting”. It’s also speculative so you could end up losing the money and then have nothing to pay off your debt. Investment should only be done with discretionary money!

EDIT:

You are still “playing the float”; borrowing money to use during the grace period. This is commonly referred to as “Check Kiting” but it’s the same principle.
Http://en.wikipedia.org/wiki/Check_kiting

Forex Guide answers:

Maybe business studies

Forex Guide answers:

ETrade is expensive and has many hidden fees.
Scottrade is “OK”, but better for a semi experianced trader.
Forex: Apples and oranges, Forex is an asset class (currency).

You’re asking the wrong questions. Looking for a broker is the last thing you should be doing. In order to pick a broker you need to know your requirements. What order types are important to you? Is fundemental analyis important or is technical analysis? What about a charting package? Do you need conditional orders.. If so what types?
(and many more such questions)….. It would be a mess to chose a broker and then find out they don’t do what you need.

So…. The answer is simple & smart;
Learn stock investing…. At least the basics. Take 6-12 months or more. I guarantee you… It will save you from making typical mistakes like;
Buying stocks because they’re “cheap”.
Buying stocks under $5.
Not using stops.
Not using limit orders.
Etc……………………..

Good luck.

Forex Guide answers:

1. Would you recommend etrade, scottrade, or forex, and why?
I use TD Ameritrade. Cheap commissions and lots of services.

2. How much (estimate) does it cost to buy or sell on any of the three;
a. Is it a fixed price or it depends on how much you’re trading
$9.99 per trade no matter the number of shares or cost of the stock.
B. Is it on percentage or …?
See above.

3. Is it cheaper to use these online brokerage or to use a financial investment office, is it cheaper?
Discount online brokers are the cheapest way to go, but you get no advice.

4. Do you buy stocks only with check, bank account if you’re buying online or can you use credit cards or debit cards?
Linked to my checking account and I keep some funds with the brokerage.

Forex Guide answers:

Aroon can be used as a trend indicator but difficult to trade from, just set up moving averages and when all of them are in agreement enter some papertrades, these are better free trend indicators, more commonly used and generate pips if you use multiple timeframes for the averages.

Good trading
mark mc donnell
www.forexearlywarning.com

Forex Guide answers:

Most traders are aware of the two widely known approaches used to analyze a market, fundamental analysis and technical analysis. Many different methods can be used in each approach, but generally speaking fundamental analysis is concerned with the question of why something in the market will happen, and technical analysis attempts to answer the question of when something will happen.

There is, however, a third approach to analyzing a market. It combines the best of both fundamental and technical analysis into a singular approach that answers both questions of “why” and “when” simultaneously; this methodology is called volume spread analysis

What is Volume Spread Analysis?
Volume spread analysis seeks to establish the cause of price movements. The “cause” is quite simply the imbalance between supply and demand in the market, which is created by the activity of professional operators (smart money). Who are these professional operators? In any business where there is money involved and profits to make, there are professionals. There are professional car dealers, diamond merchants and art dealers as well as many others in unrelated industries. All of these professionals have one thing in mind; they need to make a profit from a price difference to stay in business. The financial markets are no different. Doctors are collectively known as professionals, but they specialize in certain areas of medicine; the financial markets have professionals that specialize in certain instruments as well: stocks, grains, FOREX, etc.

The activity of these professional operators, and more important, their true intentions, are clearly shown on a price chart if the trader knows how to read them. VSA looks at the interrelationship between three variables on the chart in order to determine the balance of supply and demand as well as the probable near term direction of the market. These variables are the amount of volume on a price bar, the price spread or range of that bar (do not confuse this with the bid/ask spread), and the closing price on the spread of that bar

Forex Guide answers:

In your mentioned system, Volatility is high and it is hard to take a proper action in time particularly on minutesand get benefit, but generally RSI indicator is better than others please remember it as a rule that the price chart is Itself the best indicator and includes all thing you need in trading.
Good luck!

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1) Is it the “best”?……No.
2) It’s a good method when it “works”.
3) It’s better to develop your own method that you feel comfortable trading instead of buying somebody else’s that may not “fit” you properly.

Forex Guide answers:

Forex indicators are a series of different data points that are commonly used to predict movements of currencies in the Forex market. Before investing, an individual can have a clear view of what the advantages are from using these indicators. It is imperative to have a strong grasp of what the Forex market is, as well as how the trading commences in this particular ‘ in demand’ market.

Forex Guide answers:

Hi!! What a nice question!! Not everybody wanna know really how MACD works!!!
It will be different because MACD (Moving Average Convergence-Divergence) is calculated based on 3 Moving averages… Custom setting 12, 26, 9… Apply to the close… That means.. That it calculate the average of the close value of the last 12 bars periods or candles… Also the average of the las 26 candles and also the average of the close of the last 9 candles… Si the close of a bar on a 15 mintue chart is different that the close of a daily chart… Thats why the value of the moving averages are different!

If you wanna completely understand how MACD works you can go to

http://en.wikipedia.org/wiki/MACD

cheers

Forex Guide answers:

News trading can be tough especially if the broker widens the spreads.I will wait till the markets settle down after news and stay with the trend.

Forex Guide answers:

Trading is an art. There is no formula. Everyone successful trader develops their own trading systems.
From your question… I’d say you’re 3-5 years away from being successful (that’s actually average, for the few that succeed).

Spend more time on money trading management/risk control. In Forex 30% of your success is on Technical Analysis….. The rest is how you manage your trades.

Forex Guide answers:

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. You are being mislead by people who are trying to make Forex appear easy, when it is horrendously hard for people to make money in it in the long run.

You’ve already tried one strategy and you’ve blown up. You will probably find your new strategy blows up eventually too. Forex is a treacherous game.

Forex is similar to 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. The net winnings of everyone combined equals zero. 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.

Read the warnings in the links below:

Forex Guide answers:

Thanks I learned in Forexnext.com and earn $142 in my first trade. Thanks a lot.

Forex Guide answers:

New York Session / American Session

This session opens daily at 13:00 GMT also 8:00 EST and closes at 22:00 GMT also 17:00 EST. The hot time in this session is usually when the euro traders are still active. Which is between 13:00 and 17:00 GMT also 8:00 EST and 12:00 EST. The most liquid pairs during this session would include USD/CHF, GBP/USD, USD/CAD and EUR/USD.

Regards

Forex Guide answers:

To resolve these problems about forgot my Windows password, you can simply reset or change forgotten Windows password with a password reset disk. A password reset disk is a flash drive configured with your current password, specially formatted to reset the password on Windows machine when you ever forget it. It acts as a key to unlock the account. But the problem is that people who forgot Windows password often forgot to create a password reset disk and cannot log on computer with any user account.
Http://windowspassword.org/windows7/how-to-unlock-computer-if-i-forgot-my-windows-password/

Forex Guide answers:

After some information gathering, I have a feeling every forex broker is evil since we have conflicting interests. They trade against us. They wish us to lose. They make many fabrications in order to deceive you, and so on.

List all the reasons why the claim is valid

False Advertising & Fabrications: – “No commissions” is plainly deceiving
Brokers deceive you about there being no commissions. $30 minimum/round turn (called the spread) is in reality a commission that eats up your capital at an astonishing rate. Even winning traders lose money and end up with negative results because of this outlandish overhead. Trading futures, you should never have to pay a broker more than $10/round turn, and usually quite a bit less than that.

- The truth about guaranteed fills: True but¡K The only way a broker can guarantee fills is for the broker to become the buyer or seller of last resort. That means the broker is running a bucket shop. All forex brokers are the buyer and seller of last resort.

- Lying about the volume: Brokers do not tell the truth about volume. They show the volume for all forex trading, which doesn’t even come close to the volume they truly have at their own brokerage, which is where you are trading. Volume in currency futures is considerably higher than the volume traded at any single forex broker, often greater by a factor of ten.

Defraud of your money

- Leaning: Brokers say they are charging you a 3 pip spread to trade the popular currency pairs. But in reality a broker may be making as much or more than 10 pips on your trades. He does this by skewing prices. Since you are not trading at an exchange, the broker can feed you any price he wants to feed you. He can buy at the bank for perhaps 7 pips less than he sells to you. He then charges you 3 pips for the privilege of being ripped off for a total of 10 pips.

- Skewing price quotation
What is the true price? A forex broker can only give you the price of a currency as quoted to him by the bank through which he trades. Banks have differing prices for a currency. You never know what the real price is because there is no central exchange through which all prices flow. Besides not knowing the true price from the bank, you can also be deceived by “leaning” or “skewing” of the real price at the bank. Forex brokers commonly lean the prices.

- Immoral Stop Running/Hunting
You are told by forex brokers that there is little or no stop running. This is one of their biggest and boldest fabrications. The truth is there is far more stop running in forex than in futures, and possibly as much stop running as in the stock market. I have friends who work in forex as well as many traders who of necessity have to trade forex. One of my students is a market maker in forex. These are people who should know, but in case you don’t want to believe me or them, simple observation of forex trading will reveal the vast amount of stop running that takes place there. Who is it that runs the stops? Why it is your friendly forex broker. The broker has a vested interest in seeing to it that your orders are filled. Stop running is nothing more than order filling. The broker sees to it that everybody’s order gets filled.

- Wipe you out by “false” spike: Sometimes, there’s very quick spike in candlestick on a broker’s chart, but there is nothing happening on the others’ chart. A stop-loss is triggered simply due to that suspicious spike.

- ban you if you can win their money: Probably you have heard that if you are winning regularly in forex, you may be barred from trading. Is this true? Yes it is. The fact that it is true is just another proof that when you trade forex you are trading at a bucket shop. In the book, “Reminiscences of a Stock Operator,” we are told that Jesse Livermore was banned from trading at certain stock brokers because they couldn’t stand him beating the house. The same thing is true with many forex brokers. Since they are the ones guaranteeing you a fill, they are in effect the buyer and seller of last resort. The truth is that most forex brokers have precious little liquidity at their firms. In order to give you the impression that there is liquidity, it is the broker who gives you your fill. It is the broker who does the stop running that supposedly doesn’t exist in forex. But if you are regularly beating the socks off the broker, he will ban you from trading at his firm.

Potential Danger about Forex Brokerage Firms
- Unregulated: Forex may sound like an exchange but it isn’t. It exists entirely in cyberspace with every broker and every bank having different prices for any particular currency. There is little or no regulation, even for brokers who register with the CFTC and the NFA. Forex brokers do not have to mark to market each day as do futures brokers. If your forex broker files for bankruptcy or absconds with your money you have zero recourse.

- No guarantee: If

Forex Guide answers:

It is just the platform fascility.
When ts is set by distance it will generate two things one stop loss and other trailing distance.

Forex Guide answers:

Read _Dummies Guide to Technical Analysis_. Forex is all about technical trading. Realize, though, that while stock investing is difficult because the big institutions play a major role, Forex is even more difficult because the big institutions (banks) account for virtually all of the volume.

Forex Guide answers:

Yes you can. However in my opinion, this generates a lot of spread paid to the broker and may not be the most cost efficient. Besides, this boils down very often to mere gambling.

Please feel welcome to read more about forex at my forex learning blog.

Forex Guide answers:

Www.oanda.com

Forex Guide answers:

One should really develop a winning strategy before trading with any real money. To do otherwise is simply gambling or speculating…that’s for Vegas.
One of the best resources available for beginners is without a doubt babypips ( google it)
Tons of free info.
Starting with 800-1,000 you probably be wise to trade a micro account to avoid margin calls.
I suggest using MetaTrader 4 with your broker and a practice account till you get a sense about not only how to trade but what to trade.
There’s lots to learn and having the time you have, you should be able to learn a lot quickly.
Good luck!

Forex Guide answers:

First of all have you practiced trading the forex market with “virtual ” money.
Many people when they enter the forex market only seeing how much they can make but not how much they can lose. I STRONGLY SUGGEST THAT FIRST YOU PRACTICE AND REALIZE HOW EASILY MONEY CAN COME & GO AND HOW QUICKLY YOU CAN PUT YOUR SELF IN DEBT. That realization must come first before you start with real money. Try Investopedia.com or maybe even forex.com has a demo mode,

When you start using real money it is always a junior mistake to say i need maximum profits. GREED IS NOT GOOD. Take what you can and get out. It has to be treated in baby steps.

My last point is “Money does not have a soul only humans do so you can love money but money can not love you back”

Forex Guide answers:

Use Technical Analysis in your forex trading decision.

With candlestick charting techniques, early signal of trend reversal is clearly revealed which you will not find it in traditional bar charting techniques.

70 Japanese candlestick charting patterns are featured in this website that provides a better understanding of each individual candlestick patterns with detailed explanation.