I know that it is a spam the actor playing as Andreas Kirchberger http://www.youtube.com/watch?v=LJTlA2j8Z7Q and https://www.livefaceonweb.com/order.aspx but that doesn’t mean that the system doesn’t work. Anybody using Forex Killer?

At first I was skeptical but I’m glad I bought Forex Killer Software.

hi

I have tried Forex Tracer and Forex Killer.

Any magic? hehehe…!

There are so many new ones in the market. Only this week there is Forex Assassin which sold 1,500 copies. There’s also Forex Beater and Automated Forex Cash which has been quite hot and being launched.

I agree that it is best to learn forex trading yourself and don’t depend on others to manage for you. Nowadays there are many aids you can use to make trading easier.

what is the best automated seastem fo curency trading?

I personally like Forex Killer. Have made some good trades with it.

Like PPF or Mutual funds etc or any other schemes

There is not one best scheme to make money. You need to diversify your investment to achieve a more consistent cash flow for the future. Two types of investments that you should look into are the ones that provide capital preservation and capital growth. http://jsforex.blogspot.com

I agree that it is best to learn forex trading yourself and don’t depend on others to manage for you. Nowadays there are many aids you can use to make trading easier.

hi there

Since I started using some of these forex trading software, my profits have improved. Before I was trading myself during my spare time but now I can trade even when sleeping or at work.

I am planning to try my luck in forex market. I have read about many automated forex trading softwares online. But I wanna here from yahoo answers community their opinion about the best automated forex trading software for beginners. Please help me choose the best automated forex trading software.

If you are looking for the right kind of automated forex trading software to boost your trading performance you will need all the help you can get. This is because the forex market is rife with virtually every kind of trading software, all claiming to be the best bet when it comes to honing your trading skills, but not all of which are effective.

The best automated forex trading software may not exactly come cheap, but if you are just starting out you have a lot of free options available to you. You can visit online brokers which offer demo and free accounts which you can use to practice your skills on, as well as learning software to help you get started.

Some sites may require a small startup fee, which you don’t have to worry about if you plan to go forward and start your very own account. You can also go for internet-based automated forex trading software. One advantage of this type of currency trading software is that it is accessible where there is an internet connection.

That means you can still check-up on your stocks even while on vacation. Another perk is that there is no need to store important data on your pc, which can be lost in the unfortunate event of a hard disk crash. If you are hesitant about relying on your own judgment when it comes to choosing an forex trading software, you can ask for assistance from your broker or dealer. He or she may be able to recommend software which will work best with your type of investment.

Another tip is to ask fellow brokers by posting your queries on the forums. Forums are the best places to network and get your questions answered the quickest. You might also get a few tips from fellow forex brokers on what currency trading software to avoid.

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

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.

Hi everyone!

I am relatively new to forex and have only just found out about all these automated forex robots and such that are supposed to really take a lot of the risk out of forex trading. There are so many though! Can anyone suggest like a good one, based on personal experience?

Thank you!

anav, A good forex system means you need to constantly have high probability trades. You also need to be aware of all the currency pairs in real time. Maybe this blog can help. http://www.whatisforextrading.com/blog/ Remember, no trading will be full proof, so be cautious about the claims some trading systems make.

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

The best forex platforms widely used in India would be Forex AutoPilot Turbo, 4xindia.com, Etoro.com

I have spent months testing these softwares. Currently there are a lot of information floating around the internet about these products. You can check their specific details on http://www.forexsoftware-free.info , http://www.forextradingsystemfree.info

I am thinking about getting forex Fap Turbo. I want to know is it good for beginners. t is good? I am a noob and want to hear from anyone who has purchased it. I read the reviews but I am still not sure. I have heard only good things about it but then that’s to be expected from reviews.

The best ROBOT is Forex AutoPilot Turbo. I have spent months testing and comparing robots. 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://fapturboxreview.blogspot.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.

I have been studying and practicing forex for a while and am thinking of buying this software as I have seen rave reviews about this product.As I am a newbie to forex this systems sounds simple and easy to use but i do not know if it actually works.Has anyone here uses it and does it work.Thanks your comments are much appreciated.

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.

Hi,

I have some questions about forex. I saw that there are many forex robot, software for trading in forex in autopilot.

1. Do they work? If yes, which is (or which are) the best(s) in the world?

2. Can they cause a money loss?

3. I’d want to begin to trade. If I use one of these robots can I reduce the risk?

Thank you.

1. Yes they work. The best in the world are never revealed. Why would anyone share it or even sell it, when the robot makes thousands or hundreds of thousands?

2. Yes, they can. Not all robots can adjust to the market changing behavior. Even the best ones may become inefficient over the period of time as the old tendencies die and new rules are born.

3. You certainly can reduce the risk, because when robots trade, they don’t fall victims of psychology, fear and greed; humans, however, do.

Good luck in your trading!

please advise me about the best charting software in forex based on your experienc.

the softaware should be capale of getting updated from online resources and be accurate as possible.

Using the Mtpredictor’s technical analysis Elliot Wave Principle software, Bsmtprediction provides Forex Traders with FREE access to AUD/USD, EUR/GBP, GBP/USD, EUR/USD, NZD/USD, USD/CAD, USD/CHF, EUR/JPY, GBP/JPY & USD/JPY daily currency forecasts through this website. At Any Time / Any Day (we’ll straight away post the signals here in real-time if there’s any triggered) 1 hour, 4 hours & daily time frame forecasts are published on this site. The predictions are good from the moment they are published until either it reached the take profit target, hitted the stop loss or another new prediction of the same currency & timeframe unveils on the same / following day. Essentially, the prices shown are for an unknown period.. That’s why we encourage you to subscribe our FREE Google Groups newsletter to get the latest signal updates sent to your e-mail from the very 1st minute it surfaces the net..

about forex trading because lot of traders like beginers using software signals that gives buy and sell method

I don’t like autopilot kind of software for forex trading. So for me I have been using Forex Killer which I found very useful.

I use it to generate trading signals which have made me some profits in the last few months. It is specially useful for me to confirm trades that I want to take. Much easier than scrutinizing my charts.

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

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

hi,

can you teach me how to use forex arbitrage calculator?

thanks for helping

best regards

ahmad

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!

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?

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.

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

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

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

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.

would be grateful for reply

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

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..

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

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.

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.

I want to sing up for demo account to trade money like forex but I want to get one that gives prices like monthly price for the 1st trader.

With so much confidence I would expect you to just jump into the live market, but a demo account does have that no risk safety net and if you can win prizes that is an added bonus.

I suggest anyone that is new to forex to make full use of their safety net.I don’t recall off hand any forex trading sites having monthly cash prizes but it does sound interesting. Good luck.

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.

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

I’m malaysian

For beginner, it’s best to start trading using demo account, which you can utilise it to understand the system and trading platform before investing your hard earned money. There are many reputable brokers out there, just search it out and try it out by yourself as one man meat might be another man poison.

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

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!

Where do I go to trade forex? I want a broker with as little commission as possible.

THANK YOU!

I’m not sure about doing forex.. I do stocks right now.. I just want to learn about forex and see what it’s all about

any other advice will be greatly appreciated!

There are many forex brokers and most do not charge a commission.They make there money on the spread.Forex is a whole different animal than stocks.You need to be very careful because you can loose your money very quickly trading currency’s.If you are trading stocks as you said you should be careful also because the market is going to drop like last year because of commercial property foreclosures this year soon.This market right now is being moved mostly by individuals no institutions.

I am form india and I want to know which Forex trading portal that offers attractive spread and good leverage,

MIG Investments of Neucatel, Switzerland is the best by far.

I live in San Jose, Calif. in the US, and spent almost a full month researching brokers before ending up with MIG. I even had live posiions with four US Brokers only to cancel them one by one as I realized their failings, and untruths. I originally wanted to deal only with US Brokers, but they are totally unregulated. Brokers in Switzerland are heavily regulated, probably the only place that is in the entire world.

“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.

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…

How one can start a forex trading in india. Is it profitable.

First, I suggest you to sign up for a demo account. Trade until you able to consistently making profit. Then, put in some real money that you can afford to loss. You may loss it, treat it as tuition fee. Finally, hopefully you would have master the skill to win in the long run.

There are many free resources, just search it online. Some websites that might be useful:

http://www.forex2u.com/

http://www.forex.labuan.net/

http://www.118forex.com/

Good luck.

any thing related to forex

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!

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.

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

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

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.

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…

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.

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.

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…

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.

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

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.

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

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

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.

Streetcorner hustling

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

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.

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

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/

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.

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.

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 !

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.

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

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.

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

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.

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

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

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.

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.

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

Cheers,

Paul

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

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,

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

Will specialize in global forums strategies

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/