Forex How to

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/