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Forex Arbitrage

Wednesday, September 30th, 2009

Forex arbitrage how much scope?

All forex masters this is for you

How much do you think there are arbitrage opportunities (arbs) a day on forex? (in percentages)

Are there any forex arbitrage services?

compare forex arbitrage with sports arbitrage, which do you think should be preferred?

Why?

Thanx

Answer

Forex Arbitrage is an arbitrage among real rates and synthetic cross rates in different local markets.

A one possible way to realize this strategy is to find three brokers having the same clearing firm. Then you should make agreement with this clearing firm on “netting” services. It means that clearing firm will clear (net) your positions across three pairs at specified time using the opening rates. For example, in the example above suppose you had opened the following positions long 100,000 EUR/USD; short 100,000 EUR/GBP; and short 72,310 GBP/USD at 10:00AM and instructed the clearing firm to clear these position at 16:00 PM at the opening rates. The netting/clearing gives the following results: Long EUR from the first pair and short EUR from the second pair gives zero exposure in EUR. Long position in GDP from the second pair and short position from the third pair gives zero exposure in GBP. Short position from the first pair ($118,370) in USD and long position from the third pair ($118,501) in USD gives you $131 profit without open positions and exposures.

The second possible way is to use some agreements (options or swap) to guaranty clearing/netting at these specific rates, which give risk-free arbitrage profit.

I use Forex arbitrage calculator for this. and my target depend from day to day. sometimes we get many opportunities while sometime very less. Also i prefer currency trading and futures as they are more rewarding that arbitrage

Source(s):

http://www.finexo.com/

Hi,can you teach me how to use forex arbitrage calculator?thanks for helping,best regards,ahmad?

hi,

can you teach me how to use forex arbitrage calculator?

thanks for helping

best regards

ahmad

Answer

You can download a free step-by-step guide at http://www.forexfromscratch.com – just type your name and email and they will email you the book.

Basically, the book is a 5 step guide to starting in forex, covering everything from the basics to live trading accounts.

It’s a VERY interesting read… and it’s free!

Is there an automated Forex trading program that automatically executes arbitrage opportunities?

I am picturing a “set it and forget it” program that constantly calculates the value of complex currency cycles and automatically executes an arbitrage trade when one becomes available. I understand the window of opportunity on such trades would be very short, is it even possible?

Answer

There are programs that do this. However, there is a very low profit margin and commissions will eat up more than you make unless you have a very low commission rate. Usually only brokerage houses can do this arbitrage as they have the lowest commission rates because they act as their own brokers.

Source(s):

http://www.investopedia.com/terms/t/tria…

What is benefit in invest in FOREX? which web sites are good and safe?

im very new to trading,i need a safe way to invest online with advice

Answer

right now it’s great for US investors with the dollar like it is. Why not check out marketstock[dot]net it goes into much more detail for you

Arbitrage?

Is arbitrage simply the process of buying and selling securities? or am I totally off.

Answer

I am an economist and professional investor and no one has correctly answered your question.

Arbitrage is the riskless purchase of one asset and simultaneous sale of another in such a way that you have no money invested and you are guaranteed a profit without risk.

The classic example if company A is buying company B, one share for one share. Company A’s stock is selling for $50 per share and company B’s stock is selling for $48. You sell short, Company A’s stock for whatever you can borrow and simultaneously buy Company B’s stock. You sell stock you do not own at $50 and use the money to buy the other stock at $48. You pocket the $2. When the company sends you the shares of company A in place of the shares of company B, you then pay back the short seller. You keep the $2. There is a mutual fund that actually does only this.

Another example, but one that should be riskless, but isn’t is Unilever. Unilever PLC and Unilever NV each own precisely half of the Unilever Group. Each one is half the company, it is really just two perfectly identical classes of shares with identical rights trading under two different tickers. They often trade far apart in price. You should be able to short one and buy the other, but this can go on for years and has been as much as a 35% difference before the prices converged. If you bought at a 10% difference you would lose 20% of your money before the market caught on, a few years later, of how big an error this was.

For it to be arbitrage, you must have no money of your own invested, there must be no risk at all, and you must make a profit. It is the proverbial free lunch. It can be done, it is hard to find the opportunities unless you spend a lot of time looking.

I would like to invest money which bank is giving the most interest at the moment if i investedsay 50000 how?

would be grateful for reply

Answer

Bank CDs are sold by Mutual Fund houses such as Vangaurd and Fidelity. You can compare them to your local bank easily.

Source(s):

https://personal.vanguard.com/us/content…

https://personal.vanguard.com/us/funds/b…

Is Online Forex Trading Reliable?

Hello people,

I am new to the online forex trading and wanted to know some info on it. Irrespective to the experience and knowledge of trading, is it reliable to trade with the online brokers such as forex.com, efxnow.com, and so on…

I mean to say is that is it ok to invest or is it like one day I wake up and see the company fled with my money.

Thank You..

Answer

Some Forex brokers are reliable. On the other hand, some are semi-scams, which may fail to return your money. When evaluating a specific Forex broker, you need to check that:

- The company is located in the United States.

- It has existed for at least three-four years.

- It is registered with National Futures Association (see www.nfa.futures.org, where you can check it).

- There are no (or very few) regulatory actions against it (see the same website).

If all these conditions are met, the company is reliable and your money is reasonably safe. Note however that even a reliable company can go bunkrupt, and in this case your money is NOT protected. The government does NOT insure Forex trading companies the way it insures banks and stock brokers. These bankrupties are rare and the related risk is far smaller than the market risk of losing your money due to bad trades, but it may still happen.

Some Forex brokers that are known to be reliable are as follows; note that this list is not complete–these are just examples:

Oanda.com, InteractiveBrokers.com, FxSolutions.com

Some brokers that are none to be scams and should be avoided are as follows; again, the list is not complete:

GCITrading.com, Alpari-US.com

Does anyone know about e-currency arbitrage?

There is a program out there offered by a Paul Jenkins about e-currency arbitrage, sometimes called e-currency exchange as well. Does anyone know if this is a legit program? It was recommended by a Steve Albright (whom I have seen promoting decent programs before) but he just might be getting a commission on the sale. The program offers a great guarantee, but if the program is no good, neither is the guarantee. I have done several searches on Paul Jenkins and e-currency arbitrage and have found nothing bad, but most of the information in older. Please help. Thanks.

Answer

Ok. The first person who answered this question is wrong. Its not a forex program. The second person is just someone who is marketing their program. Paul Jenkins’ e-currency arbitrage is basically an affiliate program. He has you use google adwords and you get paid a commision for each person who purchases something from his website. Overall the program is very good and has a ton of information in it. My huge negative remark about him and his company is their poor customer service. It wasn’t what I expected so I asked for my money back via email which is what he says you can do. No questions asked refund is what he says I believe. Well, I have sent about 10 emails and I’ve left 5 voice mails with his company. I have yet to recieve an email or a phone call. I will soon be calling the Attorney General about his company. The program is good but I would never recommend it to anyone based on the customer service alone. I will actually go as far as beg you to not even consider getting this program. Its too much money for information you can find on the internet for free. Good luck.

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Forex day trading system

Wednesday, September 23rd, 2009

Day Trading Forex Trading Help

Hi, I’m looking for an automated system that will help me make profitable forex day trading. I have no idea what something like this can cost. Just doing research so I guess any answer will be valued.

Answer

There is a site at http://www.forextracergold.com that offers an automated system and can be used for day trading.

Source(s):

http://www.forextracergold.com

Does trading Forex have the same day trading margin requirements as equities?

Answer

No, The concept of leverage increases the trader’s initial investment, or margin, by hundreds of percent. This initial sum is considered a deposit in “good faith” which establishes the ratio of leverage, and helps the trader withstand his losses, which, in any case, cannot be higher than the sum of the margin. A $100 deposit would give the trader $20,000 or more in margin on the various Forex Platforms.

See ya

Regarding Day Trading and Forex?

Background: Fundamentals, with an investing strategy out of the Graham playbook (by distressed, unloved or otherwise underpriced securities). Risk is minimized by having a margin of safety, higher upside than down, and by buying into companies that can be understood and predicted down the line.

However, finding a good opportunity tends to leave at least some cash floating around. Aside from dumping it into a placeholder stock like BRK.B, moneymarket, etc. I am interested in utilizing, to some small degree, daytrading.

Basically:

(1) How is risk managed in security day trading? Forex trading?

(2) Do the few successful traders operate by intuition or determinism?

(3) How wide of a scope to most traders take? Ten stocks? One hundred? All of them? Similarly, how wide of a scope do forex’ers employ?

(4) Is there a way to get a hold of raw market data, outside of the wacky software like eSignal, etc?

Please do not try and pitch a trading system. Thanks.

Answer

Once you are able to learn the basics of online trading, you won’t need to ask for specific details like the ones you ask. You would know how to figure out the answers for yourself. And of course, be able to trade profitably on your own.

A Free Basic Hands-on Training is available at http://finance.groups.yahoo.com/group/cu…

Are there day trading rules for forex?

Mainly, is there a minimum amount of funds required in your account.

Like trading equities, there must be $25,000 in your account to day trade.

Does forex have any requirements, or special rules only pertaining to forex?

Any and all advice is welcome.

Thank you.

Answer

Are you sure you thought this through? Day trading & Forex? That’s like throwing money out the window with one hand while playing craps with the other. The brokers will love you as long as your cash lasts. Verify what you read. Educate your self. Get diverse opinions.

Which is the best forex trading system?

Answer

That depends on the time frame in which you want to trade; intraday trading or swing trading.

There are advantages to day trading as well as position trading as well as you want to find out which one fits your schedule and personality the best.

Here are two methods which cover both time frames, http://jcls-forex.com/forex-trading-stra…

Source(s):

JCL’s Forex Trading Group – http://jcls-forex.com

Forex Factory Pip Snipers – Know A Similar System For Profitable Trades In Forex?

Answer

Forex Tracer — It’s a technical masterpiece of forex automation (similar to Forex Factory pip snipers but in a league of its own). Not many know about it, and at one time was part of a secret project. But the fact is, those who use it swear by it’s raw power.

The data mining engine is one of the best I’ve seen in forex day trading and is still quite simple to use. For profitable trades in forex very few ‘pip snipers’ come close to this Tracer.

Source(s):

http://ForexTracer.50webs.com

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

Answer

Some time ago I read a transcript of a board meeting of one of the major Wall Street finance powerhouses. One thing that got my attention was a question someone raised about income from their Forex operations. The concern was that the entire division was a gamble with shareholder’s money and presented an unnecessary risk and uncertainty. Lots of other very respectable participants confirmed that Forex trading in general cannot theoretically (regardless of strategy) bring sustainable gains in the long run unless you are either a broker who gets paid a comission for every trade or a market maker the size of a central bank who has enough mullah to manipulate the rates. This was talked about as a universally accepted truth. Reading the transcript further, it turned out the Forex operation in that company was basically a brokerage where their institutional clients did the trading with their own money and simply paid comissions and access fees without ever putting the company at risk.

Please I want to know more about forex. I want to participate in trading activities of foreign exchange?

I want to know how to participate in trading activities of foreign exchange currencies stock and shares via internet.

Answer

Why dont you sign up for a practice account (www.forex.com). A representative will call you and you can ask them questions.

Day Trading

More novice traders try to catch trends in daily time frames than any other method however, this method of trend following is doomed to failure.

Fact: The data within a day is totally unreliable and support and resistance levels are meaningless. Volatility can and does, take prices anywhere and all daily movements are random.

You can’t get the odds in your favour and you can’t win – PERIOD

There are countless millions of traders, trading trillions of dollars daily and it’s laughable to think that you can trade in such a short term time frame and win.

So why do so many traders try it?

Well, it’s a good story and many vendors appeal to the greed and naivety of investors and try and sell them forex trading systems or courses, but they don’t trade them! They make money from selling their product – they win by selling their product and the trader loses in the market.

Don’t fall for the myth of Forex day trading!

Advantages: None!

Keep in mind: You are guaranteed to lose, as you can never get the odds in your favour.

Swing Trading

Swing trading is perhaps the easiest way for novice forex traders to learn a Forex trading system. The aim is to catch reactions in major trends which normally last a few days to a week.

Swing trading has the advantage of there are plenty of trades to go for and you know if you are right or wrong quickly. Forex swing trading is easy psychologically, as you have obvious stop levels, small loses and profits are generally banked quickly.

The key to successful swing trading is to spot valid areas of support and resistance and then use momentum indicators, to execute trading signals in line with shifts in price momentum. For example, traders would wait for a test of support and for price momentum to turn up away from support and then trade to the long side.

The key with swing trading is always to CONFIRM With momentum indicators – before executing a trading signal.

EVER simply hope a level will hold or try and predict as you will lose.

Advantages: Easy to learn, its fun, there are lots of trades, it can be very profitable and it’s easy psychologically.

Keep In Mind: Make sure you don’t just guess or hope with swing trading and you use momentum indicators to confirm your trading signals.

Long Term Trend Following

The most lucrative form of trading and also the toughest way to trade.

If you look at Forex trends you will very often see trends that last for months or even years yet, very few traders have the mental discipline to hold these trends and milk them for all they’re worth.

Forex trend following requires patience, to wait for and enter these trends when the risk/ reward is at its best and then have the mental discipline to follow them.

Why is it so hard to do?

Because most traders are not mentally prepared to accept big gains.

The above may sound odd – as surely all forex want big gains?

The answer is yes they do, but accepting them is another matter.

The problem is – if money is important to you (as it is to most traders) then counter trend moves, which eat into your open equity, can tempt you to bank a profit early.

Most traders get excited when they get a profit and the bigger it gets the more tempted they are to take it, before it gets away. As volatility eats into open equity the temptation becomes too great for most traders and they bank early.

They end up taking an average profit or mediocre one, when they could have had a huge one.

If you are long term trend following you need the courage of your conviction and tremendous mental discipline to ignore counter trend swings and keep your eyes on the bigger prize.

Forex trend following is tough mentally but the rewards are immense, if it is done correctly and you have the right mindset.

Advantages: You can make huge profits!

Keep in mind: You need to be patient when timing entry levels and you also need to be able to psychologically handle short term severe dips in open equity. You need to keep your eyes focused on the end prize – not the short term swings against you. It’s not easy to do but very lucrative.

New Trends & Turning Points

It is the dream of most traders to be able to catch important market tops and bottoms.

Catching these turning points offers low risk and high rewards, as you are in at the stat of a new trend and these turning points normally see profits piled up quickly.

Catching turning points is satisfying, very profitable and its not has hard to do as many traders think.

If you use sentiment tools such as % bullish and Net Traders Positions, you will with a little practice, be able to spot these turning points forming. Then you can time entry with on your forex charts.

The key is to WAIT for clear confirmation of a trend change – before getting on board.

These moves don’t come around very often but if you look out for them, they will give you some great profits coupled with low risk.

Advantages: Great risk to reward, it’s a lot easier to do than many traders think and it gets you in at the start of big trends which, normally see big profits emerge quickly.

Keep in mind: You need to be careful in timing your entry and enter at the right time furthermore; these trades only come around a few times a year, so you have to be patient and wait for the right opportunities

Source(s):

google.com

What is the best day trading system?

I have been researching the net, and trying to find a good day trading system. There are so many ways I can go, and I’m overwhelmed. I have also been reading books on the subject, so I’m not totally clueless. I also know day trading styles are all different. I guess I’m just trying to find a proven trading system.

Answer

Streetcorner hustling

Best Forex Trading Software used in India?

Please can anyone suggest a good/popular forex software system based on their personal experiences?

Answer

If you are looking for the best forex software, visit this site

http://the-best-forex-software-in-internet.blogspot.com/

Here you’ll find the best software that can help increase your trading profit and user friendly.

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Forex pips

Saturday, September 19th, 2009

What is the best forex trading strategy?

i want to know a proven strategy for forex trading (swing or long time) and will appreciate if it’s from a pro trader.

thanks

Answer

www.FXCM.com

http://www.babypips.com/

Here is a couple good videos to watch,

http://www.forex.com/forex-seminars-deve…

http://www.forex.com/forex-seminars-deve…

Here is a squido site for fxbootcamp that has several good video, if youll take the time to watch these you can learn a lot.

http://www.squidoo.com/fxbootcamp/

I like Oanda for a starting broker because you can trade with as little as 1 cent a pip on the line, of course youll only be making 1 cent a pip. then as you improve you can step it up a penny or a dime or what ever.

The only bad thing about them is 50:1 leverage and there spread gets very wide during news times.

I also agree with babypips good site.

a short but very good ebook

http://www.robbooker.com/books/Strategy1…

Here is a good site to learn about the indicators. Just look all over it.

http://www.investopedia.com/university/m…

Use Oanda as a demo account. It doesn’t expire so you will have as long as you need to practice.

http://fxgame.oanda.com

check out this guy: http://www.robbooker.com/

What is a foolproof low risk forex strategy?

There are many forex strategies on the net but all have their risks. also mentioned. What could be the simplest, safest forex strategy for someone with $ 1000 who loves to be in the forex game.

Answer

Take a year to learn as much as you can and then go very slowly. Anyone that suggests to you that there is a simple way to invest in FX that “works” is either not telling the truth or is ignorant.

Keep in mind that 95% of all new traders lose most of their money in the first 3 months of trading FX. Surely the success rate would be higher if there were any “formulas” that really worked.

What are the best Forex brokers for trade the news ?

I’ve opened an account on GFT, but when trading the news there is a huge slippage between the stop buy price I wanted & the execution price. GFT has a dealing desk.

So, what are the best forex brokers for trading the news ?

Thank you !

Answer

For accurate and reliable market tips and daily updates Finexo is the best. Many of my friends suggested me this when i was a newbie in Forex trading. Since then my dealer is providing me with the most accurate tips, market updates and charts so that i can make optimum use of these. It has fetched me 99% of returns on my investment.

Many other qualities like user friendly platform, easy forex glossary, well managed accounts, charts and economic calender have made Finexo unique.

Source(s):

http://www.finexo.com/

Best Forex Trading Software used in India?

Please can anyone suggest a good/popular forex software system based on their personal experiences?

Answer

If you are looking for the best forex software, visit this site

http://the-best-forex-software-in-internet.blogspot.com/

Here you’ll find the best software that can help increase your trading profit and user friendly.

Which currency is best to trade on forex market?

Answer

There probably is no “best” currency pair to trade in Forex. The EUR/USD, USD/CHF. GBP/USD and USD/JPY are known as the 4 major and are the most active and most liquid of all currency pairs.

The choice of currency pairs to trade is more dependent on the strategy that you employ, your tolerance for risk and your investment objectives. Another element to consider is your trading timeframe. A daytrader would tend to have a short timeframe and as such is looking for volatility and movement of a currency pair in order to capture short term profits.

Some directional or trend traders take a much longer perspective and look for a slow consistent movement over an extended period. The downtrend of the USD/CAD over the past 7 months might be a good example of that.

Another group of traders may look to mitigate risk by deploying a hedge trading strategy in which they look for two closely correlated currency pairs that may move in a somewhat consistent relationship with each other. A hedge trader may be looking to generate a daily interest from their position or looking to take advantage of individual oscillations of the respective pairs. In this case maybe a EUR/USD and USD/CHF may be an example of such a position.

So, in essence, there is really no “best” currency until you have decided on your “best” strategy.

In the mean time may all your guesses be good ones.

Paul

Source(s):

full time Forex investor and mentor

What is the best Forex robot on the market and does it work?

I heard that a new robot has just been released (RCTPA driven Forex Megadroid). There are quite many robots on the market. What is a Forex robot anyway? Which one is working? I have heard many good things about Forex auto pilot turbo. I would like to know which one is the most reliable. Thank you.

Answer

First, you should know that Forex is not that easy. Do not believe those who may say it is!

Now, there are some good robots that MAY help you. Some are scam. Others are for real.

Simply put, a Forex robot is a program that attempts to take the guess work out of trading currencies. Currently there is a lot of information floating around the internet about these products. Like any other tool, it needs to be used properly in order to be most effective.

Like I hinted, in order to use this tool the right way you need to understand a little bit about how it works and where it is best applied.

A Forex robot is a computer or computer program that monitors currencies and does calculations to figure out the best time to buy and sell. These programs help to take some of the guess work out of buying and selling and can help a trader to identify currencies that meet certain criteria, or when certain currencies perform in certain a way. Most of the selling points of Forex robots state that you can simply set them and watch the cash come pouring in. While in some cases this may work, in most cases you are going to need to carefully monitor the program and make sure that it is adjusting to trends in the market. While they can be very profitable they may require a certain amount of intervention to be run effectively. Used properly, and if you have the patience to get to know the programs, they become a powerful tool.

For this automatic approach, forex auto pilot turbo has worked wonders for me: http://www.forexapt.com/. It offers, among other features, high spread protection system and automated risk scaling. They say “95% winner”. Well, only the bottom line counts. In this regard, it has really delivered for me.

I had been watching the forex robot market for months, waiting for the right software to come out. I believe I have found a great one.

Really, get the fundamentals first. Then get your own system and test it offline (do that for weeks, if not months, until your system is well tested), whether you use a robot or not. It really takes a few months – a lot of patience and resilience. But if you are made for it, it is worth it. Read about the psychology of trading (never to underestimate). And then you should be fine.

Good trading!

Mark

Source(s):

http://www.forexapt.com/

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

Answer

Some time ago I read a transcript of a board meeting of one of the major Wall Street finance powerhouses. One thing that got my attention was a question someone raised about income from their Forex operations. The concern was that the entire division was a gamble with shareholder’s money and presented an unnecessary risk and uncertainty. Lots of other very respectable participants confirmed that Forex trading in general cannot theoretically (regardless of strategy) bring sustainable gains in the long run unless you are either a broker who gets paid a comission for every trade or a market maker the size of a central bank who has enough mullah to manipulate the rates. This was talked about as a universally accepted truth. Reading the transcript further, it turned out the Forex operation in that company was basically a brokerage where their institutional clients did the trading with their own money and simply paid comissions and access fees without ever putting the company at risk.

How to automate strategy back-testing in Forex Trading?

I am aware of MQL4. One can create an expert advisor to automate your investing, but what I want is to test my strategies with historical data. For example, what would have happen during the last 5 months if I would have sold here and bought here using such and such indicators in every single time a certain criteria was met.

Is there a way to do this using MQL4? or is there any other way to do back-testing in Forex?

Thank you for your time and please don’t try to sell me anything.

Answer

Take a look at http://www.wealth-lab.com and see if this will help you.

Cheers,

Paul

What is the best forex robot available and do you recommend?

Im very interested in getting a Forex robot to trade for me. I have heard great things about forex robots, But I am not sure which forex robot works the best. Im a new to forex completely and Im just looking for an automated way to make money from home. Would you even recommend trading with a forex robot at this current economic time? How much many can make with a forex robot and what is the best forex robot from your personal experience. Please help. Thanks

Answer

If you are looking for the best forex software, visit this site

http://the-best-forex-software-in-internet.blogspot.com/

This software is the best software that can help increase your trading profit and user friendly.

Best Wishes,

How know of a STRATEGY on FX market (FOREX)?

You have the experience and strategy for handling the forex market currencies

Will specialize in global forums strategies

Answer

Hi,

There are hundreds of systems (strategies) but choosing one of them and trading using it is dependent on many things that most or I’d better to say all of them are personal factors.

Before choosing a strategy you have to answer the below questions:

1- Are you a swing trader or an intraday trader or both?

Each of them need a different strategy.

2- How much is your risk level? I mean can you take a big risk or you want your risk to be as low as possible.

Here, I just intorduce a simple system to answer your question but you have to consider the above factors.

Use 15min chart, 21 Simple Moving Average and Stochastic (14, 3, 5).

Buy When:

Stochastic is crossed the horizontal lower line and is going up and at the same time, the price is crossed the moving average and is going up above the moving average.

Sell When:

Stochastic is crossed the horizontal upper line and is going down and at the same time, the price is crossed the moving average and is going down below the moving average.

Best regards,

Vahid

http://www.weboma.com/

Source(s):

http://www.weboma.com/what-is-going-on-on-the-forex-market/

http://www.weboma.com/is-forex-a-suitable-work-at-home-job-for-everybody/

http://www.weboma.com/what-is-forex-and-how-to-make-money-with-it/

http://www.weboma.com/when-you-will-be-a-professional-forex-trader/

http://www.weboma.com/how-to-use-fibonacci-numbers-in-forex-and-stock-trading/

http://www.weboma.com/the-language-of-japanese-candlesticks-the-only-real-time-indicators/

http://www.weboma.com/where-is-the-best-place-for-stop-loss-and-limit-orders/

http://www.weboma.com/how-to-use-pivot-points-in-forex-and-stock-trading/

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Basics of Forex

Saturday, September 12th, 2009

Basics of Forex can be understood by understanding these terms mentioned below. You can easily learn forex when you know and understand the basic terms of forex :

 

Forex or foreign exchange : Exchange of foreign currency in the forex market is called Foreign exchange/Forex.

Foreign exchange market : The financial market that never sleeps. It runs 24X7. Most of the transactions in forex market is carried on phone or on the internet.

Spot market : Where currency is bought and sold at the on going market rate.

Exchange rate : The term used when mentioning the difference between two currencies. For example if USD/CAD is 1.077 then that means 1 American dollar is equal to 1.077 Canadian dollars.

Base Currency : The very first currency of the two currencies is called the base currency.

Counter Currency : The second currency of the two currencies in the pair is known as counter currency.

Spread : It is the difference between bid price and ask price. Lower spread is beneficial for the trader party because it can make bigger profits for him.

PIPs : Pip is short for Percentage in point. It is the most common increment of a currency – “The smallest of price value change in a currency”. For example if the USD/CAD moves from 1.0077 to 1.0078, then that equals to 1 PIP. How ? Because A pip is actually the difference in final decimal place in the quotation.

Swing trading : This means Forex trading where you gain quickly from short term swings in trend.

Auto trading : Where no human is involved whatsoever. With use of sophesticated forex software the trading is done automatically.

Scalping : Strategy for trading where you wanna gain quick buck with a small price change in a matter of minutes. Forex traders who use this technique are called scalpers.

More Forex How to , Faqs and terms continued next week…

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Foreign exchange rates

Wednesday, September 9th, 2009

Which are the sites from where we can daily Forex rates in India?

I am mainly interested in getting latest rates of USD vs Indian Rupee

Answer

www.eforexindia.com

Best forex brokers and trading platforms ?

What is the best platform to trade real forex? I mean, considering most of the features, like if its trading software is good, if it’s reliable, if the money transfer of deposit and withdrawen is fast, if it’s convenient to do trading with it, if the support is fast and effective, and so on and so on.

Is there any good platform support Paypal or has european bank account?

Thank you for informations. I’m planning to do real trade, but first only with a mini account.

Answer

there are several forex trading platforms! every platform has some + or – !

here you can read some reviews:

http://www.squidoo.com/Best-Forex-Tradin…

Source(s):

http://best-forex-trading-platforms.blog…

Commodity Futures and Forex Interest Rates What’s the Difference?

I have been trading commodity contracts for about a year and have done good for myself. However, I have been considering trading forex as well. I know that interest rates affect the forex markets depeding on the pairs traded.

Additionally, I know that interest rates affect weather you receive/payout on certain pairs, however, im not sure with rate drives this.

Also, I came across an excellent blog post regarding

the bond futures market http://www.aarontrade.com/commodityfuturestrading/?p=25

Are forex interest rates affected by this 30 year rate or something else? If bond futures do enter a long-term bear market how does this affect forex interest rates?

Thanks for any potential help

Ryan

Answer

Definitely interest rates (plus other things) affect foreign exchange levels. The thing is you need to look at both countries interest rates. If you’re trading US Dollar vs Canadian Dollar, you need to look at US and Canadian rates.

If one of the two countries (say the US) raises it’s rates, some people will move their money into that countries currency (USD) and that currency should strengthen.

If you’re trading forex futures you should look at the interest rates in the two countries around the time of your future’s expiry. I.e. if you’re trading a future that expires in 3 Months, you should look at the 3 month interest rates in both countries (so you could look at the interest rates of bonds maturing in 3 months, or cash deposit rates for 3 months).

I.e. I believe you will find that the price for a USD->CAD forex future expiring 3 months from now is the current USD->CAD fx spot price (1.13) + (USD 3M rate – CAD 3M rate)*3/12. Which would end up giving you something like 113.2 .

Source(s):

http://www.bloomberg.com/markets/currenc…

Is traveling to poor countries with a favorable foreign exchange rate morally objectionable?

I was in Bangkok recently, and at my hotel there was a big sign saying “No Sex Tourists”. This is important because Bangkok has a lot of sex tourists, and most of the hotels look the other way. But not my hotel. They were adamently against the whole idea of prostitution in Bangkok, and the sign explained why in a long list of reasons.

I found one of the reasons very surprising. It said that it is morally reprehensible for westerners to come to Thailand in order to buy sex, given that foreign exchange rates are favorable to westerners, and as a result it is much cheaper to buy sex in Thailand than in their home countries.

Clearly, one can find many legitimate reasons to argue against prostitution. But is this one of them?

It strikes me that westerners in Thailand are not just benefiting from the ForEx rates for buying sex. They are benefiting every time they spend money in Thailand, whether its for food or hotel or anything else. Is that morally wrong? Are they “taking advantage”?

Answer

There is nothing wrong in paying for sex provided you’re not ripping the girl off. Selling sex is legal in many countries, including here in Australia. It’s a business transaction and provided both parties are happy then there is nothing wrong.

As for the exchange rate, nothing wrong in getting the best deal for your money. The Thai government loves sex tourists and the economy could collapse without them.

By the way, which hotel was it? I’ve been to BKK on business many times and I’ve never seen such a sign – and I stay in pretty classy hotels.

Best place for foreign exchange in London?

I have £85 in cash to exchange for Rands before I go back to South Africa tomorrow. I am in Ascot, Greater London. Which will give me the most Rands? Consider rates and fees.

The Post-office,

A travel agent,

Foreign exchange in the city,

Foreign exchange at Heathrow airport?

Thanks

Michael

Answer

The Post Office will almost certainly give you the best rate.Foreign exchange offices in town give poor rates and charge lots of commission, and don’t touch airport foreign exchange facilities – their rates are abysmal.

Best foreign exchange in chennai?

Hi,

I am coming back to chennai from Singapore.

I need to convert some SGD in to Indian Rupees.

Can anybody tell me who offers the best foreign exchange rates in Chennai?

Answer

Avoid State Bank of India and hotels. Convert small amounts at a time through small money changers found throughout the city and shopping malls like Spencer’s Plaza. After 1 or 2 enquiries, you can form your own opinion.

Why the forex rates are fluctuating day by day ?

Answer

Due to global increase in trade and foreign investments

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Forex rates

Wednesday, September 9th, 2009

Where to find best foreign exchange rate to sell dollars in bangalore?

Hi,

I wanted to convert around 1000$ US dollars into INR.

The rupee has recently been surging against dollar ( ~43 rite now i think ).

Can anyone pleaze tell me the bext place in Bangalore to sell US dollars to get maximum return.

Thanks!

Answer

You get the best rate when transferring from one bank to another. Exchanging cash does not get you as good a rate as that. Keep an eye on the exchange rate in www.xe.com and then make the transfer from your overseas bank to Indian bank.

But if you still want to exchange cash, go to a forex dealer, there are many on MG Road for example. There might be people who offer you slightly higher rates, but beware of black marketeers. Go to a valid Bank or Foreign exchange agent. Always take a receipt.

Where can I get the best forex rates for INR (Rs.) to MYR (RM) in Mumbai?

Or after arrival in KL (Malaysia)?

Answer

The Mumbai airport (CSIA) is probably the worst place to get forex when travelling abroad since they not only require photocopies of your passport but also need you to fill the exact same details into a form regardless of the amount involved.

I had converted Rs. 1,000 into RM 63 (Rs 15-16 / RM) last month @ CSIA.

My HDFC credit card gave me about RM 80-81 (Rs 12-13/RM) for every Rs. 1 K during my trip.

The best rates in KL were RM 84 @ Lot10 (Rs 11-12/RM) near JW Marriott and the Ritz Carlton.

Then came KL Sentral with RM 82-83 / Rs. 1 K.

Best of all – no passport required for KL forex transactions!

That’s a variation of almost a third between CSIA & Lot10…

Who determines foreign exchange rates and how are they decided?

Answer

If a currency is free-floating, its exchange rate is allowed to vary against that of other currencies and is determined by the market forces of supply and demand. Exchange rates for such currencies are likely to change almost constantly as quoted on financial markets, mainly by banks, around the world. A movable or adjustable peg system is a system of fixed exchange rates, but with a provision for the devaluation of a currency. For example, between 1994 and 2005, the Chinese yuan renminbi (CNY, ¥) was pegged to the United States dollar at ¥8.2768 to $1. The Chinese were not the only country to do this; from the end of World War II until 1970, Western European countries all maintained fixed exchange rates with the US dollar based on the Bretton Woods system.

Which are the sites from where we can daily Forex rates in India?

I am mainly interested in getting latest rates of USD vs Indian Rupee

Answer

www.rbi.org.in

www.centrum.co.in

Where to find best foreign exchange rate to sell dollars in bangalore?

Hi,

I wanted to convert around 1000$ US dollars into INR.

The rupee has recently been surging against dollar ( ~43 rite now i think ).

Can anyone pleaze tell me the bext place in Bangalore to sell US dollars to get maximum return.

Thanks!

Answer

You get the best rate when transferring from one bank to another. Exchanging cash does not get you as good a rate as that. Keep an eye on the exchange rate in www.xe.com and then make the transfer from your overseas bank to Indian bank.

But if you still want to exchange cash, go to a forex dealer, there are many on MG Road for example. There might be people who offer you slightly higher rates, but beware of black marketeers. Go to a valid Bank or Foreign exchange agent. Always take a receipt.

What is a foreign exchange rate? How do foreign exchange rates affect imports and exports?

Pick a country and tell me about the exchange rate of the U.S. dollar versus that country. Has the exchange rate changed recently? Why?

Answer

In finance, the exchange rates (also known as the foreign-exchange rate, forex rate or FX rate) between two currencies specifies how much one currency is worth in terms of the other. For example an exchange rate of 123 Japanese yen (JPY, ¥) to the United States dollar (USD, $) means that JPY 123 is worth the same as USD 1. The foreign exchange market is one of the largest markets in the world. By some estimates, about 2 trillion USD worth of currency changes hands every day.

How can I learn Forex trading withoput spending a ton of money on a program?

Answer

The Forex market is full of scammers and people who sell questionable products than make them rich and not you. I would advise against Forex trading. You are likely to lose your shirt.

Source(s):

http://www.quatloos.com/FOREX.php

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

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Learning Forex Trade

Saturday, September 5th, 2009

You can learn forex as fast as you can learn other subjects such as science, physics and biology. You dont need to be a nasa scientist to understand FOREX. Though there is no pre-requisite but it helps if you are good with numbers if you wish to learn forex. You can learn forex by means of books and study material, forex articles available on the internet. The best way in learning forex after going through the books and articles is to get guidance from an experience Forex pro because ultimately it is just an exchange of currencies in the market which are bought and sold by the forex traders.

While dealing in forex you have to remeber that there are some currencies which are considered major which are considered to be most liquid. These currencies are :

  • American Dollar
  • Yen (Japan)
  • Euro (Currency of the European Union)
  • Pound
  • Swiss Franc
  • Canadian Dollar
  • Australian Dollar.
  • New Zealand Dollar

    • Ofcourse there are other currencies but they are not so liquid in the market. The best thing about the forex market is that it is a 24hr market except for weekend.

    Some points you should not forget while learning forex :

  • Forex market is 24 hour market unlike local trading of shares.
  • It involves Buying and selling of currencies.
  • This market does not need an Einsten to understand it – Forex market operates just like most other markets and if you have some knowledge of stock market then it becomes much easier for you to make the shift.

    • Best way to learn forex is by starting your virtual account. First lessons teaches you to trade currencies in pairs like :

    Australian dollar vs. U.S. dollar (AUD/USD)
    Euro vs. U.S. dollar (EUR/USD)
    New Zealand dollar vs. U.S. dollar (NZD/USD)
    Pound vs. U.S. dollar (GBP/USD).
    U.S. dollar vs. Swiss franc (USD/CHF)
    U.S. dollar vs. Japanese yen (USD/JPY)
    U.S. dollar vs. Canadian dollar (USD/CAD)

    It is that simple :)

    After you have done setting up your Virtual account make sure to keep the below points in mind :

    1. Choosing the currency pair which is best suited to our needs is very important because some pairs can be very volatile whereas others might not show any movement.
    2. Make a proper time schedule. You wish to spend few minutes or few hours or the whole time in the forex market? You will have to decide yourself the time frame you wish to keep.
    3. Remember forex trading is like any other business. You need to take some risks to have the big gains. If you are new then better to take calculated risks :)
    4. Understand the market conditions properly and make a proper forex analysis before you carry out your deals…

    Happy learning forex…

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    Learn Forex

    Thursday, September 3rd, 2009

    What is the best way to learn FOREX trading?

    Please leave me a message on courses, systems, etc for learning to trade the FOREX market. Thanks!

    Answer

    why not practice first and try some for free

    check this out

    http://www.marketiva.com/?gid=218

    What is the best way to learn forex trading?

    I would like to start trading in foreign exchange, and I am looking for tips on how to get started with forex trading? I have looked at some of the trading platforms out there, and they seem quite complex and intimidating. Your help would be appreciated.

    Answer

    Sign up for a demo account with any of the forex brokerages.

    Source(s):

    http://www.forextradingco.com

    How can I learn Forex trading withoput spending a ton of money on a program?

    Answer

    The Forex market is full of scammers and people who sell questionable products than make them rich and not you. I would advise against Forex trading. You are likely to lose your shirt.

    Source(s):

    http://www.quatloos.com/FOREX.php

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

    Where can I learn more about Forex?

    I’d like to learn Forex trading, I need to know what skills are required, technical jargon, how a positive or negative occurrence in the economy will affect any certain currency pair and I’d really prefer to learn this free since I do not have a whole lot to start with. Thanks!

    Answer

    There are some great free resources for forex on the internet. My favorite three sites are:

    http://www.babypips.com/

    http://www.fxstreet.com/

    http://www.forexfactory.com/

    I want to Learn about Forex Market?

    “Foreign Exchange” is the simultaneous buying of one currency and selling of another. I understand is a good business but I have no knowledge about it. I read books but could not understand the trick. Can someone put me through all the steps and tricks I need to trade in the forex market. Thanks.

    Answer

    There is a wise way to look at trading foreign currencies. Learn how ordinary people can make extraordinary incomes with FREE ACCESS to a unique foreign currency trading system at http://www.homebusiness-opportunityseeke…

    What’s the best way to learn forex trade?

    Answer

    Forex is a very risky venture, where mere inexperience can cause you an entire loss of your funds. Through reading,practise and more practise, you will slowly get the hang of it. Heres are intros on articles that very much suit a beginner in your position!

    The forex market can be a daunting arena for new traders; and for some, simply not knowing simple concepts means huge losses. So it is important to learn forex concepts that are important in trading successfully. As you learn these forex concepts you may find some concepts familiar while others foreign. All it takes is a bit of effort and determination to master a few basic fundamental concepts of forex trading.

    This is just a short intro i copied and pasted. There are around 15+ helpful articles for beginners in the links below.

    Source(s):

    http://www.forextradinghq.com/forex-info…

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    Forex courses

    Wednesday, September 2nd, 2009

    Is thier a forex course out thier which is free and teach you forex with video lessons?

    I wish to learn how to trade. Not get rich quick scheme. I want to learn about fibinacci and elliot wave etc.

    I am looking for a begineers to advanced course which free to not more $50. I already know about bibypips buts its not in video format. its just text.

    Answer

    Visit the below site for The Ground Breaking Video Forex Course. It covers everything starting from scratch. This video tutorial will guide you step by step and show you exactly how to get started. It also added 4 Part Video Tutorial on Trend Determination, 10MFWB Breakout/Swing Entry Formation, Stops and Take Profits and Live Trade Examples. Price: $77

    http://jvwinc.10minfx.hop.clickbank.n…

    :)

    I need to know about forex (any web for free course)?

    any thing related to forex

    Answer

    Your can download the free FOREX eBook at http://www.forex.info/download.php?c=cf9…

    But the best way to understand is to try trading with virtual funds by opening a demo account. To open a free demo FOREX account you may download the trading terminal here: http://www.realtrade.lv/rtsetup/rt4setup…

    Good luck!

    Forex Course in Melbourne, Australia?

    Hi all,

    I’m looking to learn the Forex trade but I would like a physical course instead of an online course because first of all, I dont know which one’s a scam and which isn’t (unless someone can tell me of a genuine one).

    Secondly, If i don’t understand something, having someone physical to ask questions would be awesome.

    Would anyone know of places in Melbourne, Australia that offer forex courses?

    Answer

    I was looking for a forex trading online course for my nephew as there isn’t a good course where he was living. So we found this online forex trading course that he is pretty satisfied with. Maybe you can take a look.

    We specially like the Interactive Training Videos. You can get daily answers and questions. We looked at many online forex courses but found this one meets our needs.

    They claim to have trained a lot of students in forex trading. I think this Peter Bain guy is genuine in wanting to teach forex trading.

    Source(s):

    http://forextradingmadeeasy.info/Beginners_and_FOREX_Trading.html

    Is there any body in coimbatore to coach forex trading?

    I want to learn about FOREX trading, i dosn’t know even basic about forex trading

    Answer

    One of the best ways to learn about forex trading is by signing up to a course.

    Alot of the good ones come with mentoring and have various free courses to see if you like what you see.

    I would recommend the Markets Traders Institute, Forex Mentor and Online Trading Academy.

    You should also check www.currency-exchange-reviews.com which lists the most popular and respected forex training courses and mentors.

    Source(s):

    http://www.markettraders.com/

    http://www.currency-exchange-reviews.com/forex-training.html

    Forex coursesWhat are the best lessions to take in other to beginning forex trading?

    As a novice what does it require to know about forex before you begin trading.

    Answer

    The first thing you should do is get familiar about basics of forex trading. You can find a lot of free information online about forex as well as buy some forex trading course (like Peter Bain’s).

    The next step is to start virtual trading. Virtual trading does not require any money from you and it is a great way to experience forex trading without any risk on your part. Practice with virtual trading for a few months and you will know whether you are capable of making any money from forex, or not.

    When you become confident enough, you may start real trading.

    Good luck!

    Source(s):

    Peter Bain’s Forex Mentor Course:

    http://www.forex-trading-secrets.net/fm/

    Forex Trading Secrets:

    http://www.forex-trading-secrets.net/

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