Do I need a license to trade forex for others using my software hosted outside Singapore? ?

December 17th, 2009
forex
mellie asked:


I am planning to run an automated forex trading platform hosted on a server outside Singapore. Client’s trading platform will be hosted on the server and trades will be executed on their behalf. Do I need a license and how do I obtain the license?

LAVERNE

December 16th, 2009
forex
Alex Norman asked:


Forex trading makes up big money. Some investors have found it rather easy to earn a large sum of money because the forex market changes every day. Forex means the foreign exchange market. Anywhere you may find the references to the forex market as FX too. Forex trading is almost about putting your own cash into different currencies, so you are able to earn the interest for the night, for desired period or the difference in making money all-round. Forex trading involves extra assets along with your money, just because you\’re investing in other countries and in other businesses that are managing in other currencies. The main formula for the money you earn or lose will be based on the selling of money, that\’s it!

The currencies that are traded on the forex markets are the currencies of many countries around the world. Every currency features it\’s own three-letter symbol that will symbolize that country and the currency that\’s being traded. For instance, the United States Dollar is USD and Japanese yen is the JPY. The Euro is EUR and the Great Britain pound is the GBP. These are only a few of the currencies that are traded on the forex markets, with more different countries currencies to be included too. You are able to trade within several currencies in one day, or you can trade to another currency each day. Generally all trades are transiting through a broker, and his company is going to ask some type of fee so you have to be sure about the trade you\’re making before making a lot of trades which require many fees to be paid for. As usually, this fee is a difference between bid and ask currency rates.

Whenever you are new to the FX market, it\’s significant to understand that no one individual or one bank controls all the trades that take place in the forex markets. Several currencies are traded, and the transactions could be initiated from anyplace in the world. However, the principal trading centers for the forex trading markets are situated in London, New York City and Tokyo, but other smaller trading centers located around the world too. Perpetual trading is done in the forex markets as the time geographical zones will vary and the markets will open in one country while closing in another. It occurs that one market is having an effect on the other countries forex markets, but it\’s not ever bad or good, occasionally the margins of trading are close to each other.

International banks are the forex markets greatest users, as they have millions of dollars to invest on the daily basis to earn interest and this is only one method of how banks earn money on the money you keep in the banks. Think about the bank that you are dealing with. To know if your bank is participating in forex trading, you may ask any manager or you may look at the financial data sheets that bank is publishing quarterly. Forex trading occurs daily, where almost two trillion of dollars are moved - that\’s an immense sum of money. Think of how many millions it does take to bring about a total of a trillion, then consider this is done on the daily basis! Whenever you would like to get involved in where the money is, forex trading is the place where money is exchanging hands every day.

Forex markets are traded by investment management firms - the companies you can trust when investing your cash. Definitely, you should find a company that has been dealing with forex trading since the early seventies, and not the new one on the market, so you get the most for your heavily gained money.

If you would like to trade on the forex market, you should be familiar with the limits for investing that are different from company to company. Some of broker companies require a minimum of $250 or $500 while other companies will need $1000 or $10,000. The company you\’re dealing with will set up a minimum amount limit you need to open an account with them. The online scams may tell you, that you only need a $1 or $5 to open an account, but in reality you will need more money to start trading business. $500 seems to be a reasonable startup amount. For your best possible protection learn more about the company and their business before investing.

The forex demo is a smart way for a new investor to begin. Reading books about forex and taking online courses will teach you the basics, but the best way to learn the trading process is to obtain some hands-on experience. However, with forex, hands-on experience could mean losing your shirt. So a demo offers you real-world training with no actual money being involved. You can start learning for free.

Create a demo account and log on. The \’game\’ will permit you to make purchases and trades, to involve different currencies and use different time frames (1 minute, 5, 15, 30, 1 hour etc.) You will be able to see yourself what a gain or loss will be like. As you continue using this demo account you will see how to make decisions based on what you\’ve learned about the market changes or you will consider a helpful brokers information and play from there.

Well, how to start practically? First, choose a broker. I am personally recommending you to choose ForexMeta.com as this broker is reliable and well-known. ForexMeta also offers a bonus up to $500 for successful online players. Open a demo account there and download  MetaTrader4 - the free software you will use in your daily forex operations. You should be familiarized with this software, your success depends on it. However, forex is not an easy market. Usually, to deal with forex you have to pass hours, days and weeks in front of your PC. Sounds impossible for you? Money is important, but what about to become its slave? Are you ready to say NO to the hard work, but YES to forex? If so, then read…

The MetaTrader4 platform allows you to use forex robots - automated programs which make the deals for you when you\’re sleeping, eating, working or walking with children. As usually these programs were created by forex experts who spent many years on the forex market. Before making some real trading, you should test the robot. In demo account version, you have two opportunities to test it. You can run a serious backtest to check robot\’s results for one year or even more and you can use it in real time with \”fake\” demo money to test its strategy. If you are happy with its results, open the real account, invest money and start earning. Are you intrigued? One of the best (and may be the best) robot is currently available on the market. This robot has a proven backtest history for 10 years already, more of this, the author updates it regularly to make it a really top product.  All robot\’s updates are free, there are no continuous monthly payments, you will pay for it only once! To learn more about this amazing money making technology,  click on the link in the author bio box and you will find more serious information from robot\’s creator himself! See you making money on the international forex market and good luck!



MICKEY

December 15th, 2009
forex
Forex John asked:


Forex Time Machine by Bill Poulos of Profits Run - The Best of all the Forex Trading Courses.

If you are only starting out and just learning forex trading, it can be hard to get yourself wrapped around everything. There are the terms ; bid price, ask price, bid/ask spread, cross currency, margin, leverage and so very much more. Sometimes it can be maddening making an attempt to wrap your-self around this entire idea. When beginning, it’s important to remain focused, and not wander around making an attempt to figure things without a direction.

When you are learning forex trading, it is good to take in numerous ideas from other traders and see if you can evolve them to your tactics to improve your trades. Learning is a never ending process, and you only stop learning when you stop permitting yourself to learn. As a day trader it is vital to always be teaching yourself the newest trends and what’s hot for the market. Not knowing where you are when you are making a trade is one of the commonest beginner mistakes.

Like I said, learning forex trading is crucial to do well. Who do you believe makes more in the foreign-exchange market? A now and then self taught trader or a consistently changed trader that is up to date? You’ve got it, the adapted trader that has the most up to date coaching about the industry. As a trader that’s new to the market, the most significant thing when starting it proper coaching. There’s nothing worse then a new trader just cutting their profits from not being taught the right techniques.

When starting learning forex trading I discovered that it had been a great help to gain from fellow traders, and to become more surrounded with successful traders, this gets you into the mind set that you are successful. Doing this can make you would like to be as successful, and will give you incentive and drive to achieve more.

Start truly learning forex trading and get an edge over the average trader. There is a small thing that I can assist you in learning, that’s the easy way to make your personal computer work for you. Now how the heck can you get a P. C. to work for you? Well what if you got it to be a trader, but not just any trader, a highly sophisticated trading machine that may trade better than the average day trader. Take the next step in the correct direction, and open yourself for the new idea of having your personal computer trade for you. Discover more about my guide, and you could get yourself to easy profits in no time!

Forex Time Machine Online Course

The Forex Time Machine - Does it meet our criteria?

What is it : forex Time Machine teaches 3 individual yet synergistic techniques for attacking the currency exchange markets, all in a single trading course.

Who it’s designed for : This is one of the few courses that crosses over the trading style lines. The methods can be applied to any timeframe - so whether you are a day trader or an end of day trader, or, an informal trader, the strategies taught in this course will work for you.

Account size : $500 and up — this was a huge selling point for us. This course can be used for micro, mini and standard lot trading ; we’ll debate this more in the danger Management section below.

Course Style : forex Time Machine teaches technical indicator-based trading, using common indicators in an exceedingly strong way. This is not a mechanical or automated program. Instead it puts the power to trade in YOUR hands, which is where we believe it belongs.

What you get : The course contains a group of 7 cds and full-color indivdual reference manuals. These manuals make it easy to find the info your’re looking for if you do not happen to have the cds with you. — both of which are perfect for self-paced learning. You also get 3 card-stock ‘blueprints’ that summarise the trading strategies and make it easier and faster to spot potential trades without con stantly having to refer to a manual or a cd. Also included is Bill’s exclusive Broker Selection Scorecard and a quick Start Guide to help get moving thru the course faster.

FTM - The Breakout Method



JESUS

December 14th, 2009
forex
Profitable Forex asked:


Forex MegaDroid is the most talked about Forex robot in the past few years and we can all understand why…The most anticipated Forex robot in the past 21 years is finally LIVE…

A true multi-market condition robot: trending, non-trending, volatile, non-volatile… Forex MegaDroid nails a 95.82% accuracy rate (out of 100 trades, 95 profitable!). Old technology based robots are a thing of the past… no more of “single market condition” robots… produce a great profit in one market condition, give it all away when the market changes behavior.

The Forex MegaDroid robot has produced a 300.20% NET proflt over the past 3 months at 2009. That is 100% (account doubling) performance every single month!

How much profit did it produce prior to that? Check it out from my link below,and get free forex killer, free London forex rush, free Gold Miner,free TrendForexSignal and many more worth more than usd100.

(   http://www.savefile.com/files/2081753   )

 

P.S. Forex MegaDroid is being launched at a special price  which will GO UP after the launch by at least 50%. The options are          simple, get the Forex MegaDroid multi market performance robot now at the special launch price or later  at a higher price.

It so easy to make money; in fact, if you act right now you will make money in the next hour!

You will be living the dream of automatic cash… free time to do what you want…piles of money to buy what do you want…       vacationing WHEN you want rather than when you can… Absolutely will bring profit to you. Perfect!!

 



MIGUEL

December 13th, 2009
forex
Forex Trader asked:


Fap Turbo –Forex Megadroid Can These Robots Really make you an Income on the Forex Market?

Ok lets start at the beginning , as I know a lot of people out here don’t know what forex is and what they’re missing out on . So I break things down and by the end of this article you’ll be wondering why you have been doing the 9-5 rat race for so long ,when you could have been earning a full-time income from the comfort of your own home.

What is Forex ?

The Foreign Currency Exchange Market  ( FOREX) that we see today has been evolving since the 1970’s . When countries switched over to the floating exchange rate.

Why should you be Interested ?

It was a market only accessible by Banks , large cooperation’s and investment firms  . However in the 1980’s the Internet opened up the FOREX market to the small investor . Approximately $3.8 trillion is traded on the Forex market every day making some companies and individuals millions of dollars a day . What is really creating a storm on the FOREX market at the moment is automated trading robots, like Fap Turbo and forex megadroid .

Can you get in on the action ?

Yes now even a beginner with no experience of the market can make a full time income from home. There are a lot of FOREX trading robots out there , making a lots of bold claims. In trials and test they are very impressive. But on real trades many of the robots lose money  and of course this is where performance really matters. So of course you need to sort the winners from the losers.

So which one should you choose ?

Fap Turbo Forex trading robot  has in the past and currently having great success, doubling profits every month. However  there is now a challenger Forex Megadroid launch in March 2009 . Forex Megadroid  they claim improved technology and profit making capabilities .

To see how they measure up and which one will give you along term income click the link below and read the review now.

Your financial freedom awaits.

Click Here  Discover The Best Forex Trading Robots

www.softe4u.com/fap_turbo_review/



ELDON

What are some lessons you’ve learned from trading in the ForEx?

December 12th, 2009
forex
jools4fools asked:


I’m just learning about the ForEx and I’d like to hear about personal experiences and lessons learned.

CARMEN

December 9th, 2009
forex
willyboy asked:


Forex trading has increased in popularity over the past few years and with the development of Forex software systems such as the automated forex grail, forex traders have been able to minimise their risks within the forex market and capitalise on the potential that these Forex systems bring.

However one system stands above the rest and this is the Automated Forex Grail. For the past couple of years Forex systems have followed a set development routine where they would be designed and developed using a single algorithm which would be based on a single forex market condition. The market condition was usually the most popular condition that had been recorded by the data. However there has been a major problem with these systems because they have only been developed to work in a single market condition and as well all know the Forex market fluctuates continuously. This is where the automated forex grail differs from its brothers and sisters.

The automated forex grail has been developed using a unique and advanced real-time algorithm which allows the automated forex grail to adapt to any forex market condition. The benefits of this are obvious, forex traders are now able to use the automated forex grail to analyse the market in any condition. Another great feature of the automated forex grail is that you can leave the software system to analyse, target and profit 24 hours a day 7 days a week as it runs automatically.

Automated Forex Grail Facts

• The Automated Forex Grail has accumulated over $700,000 proven profit from a single $500 deposit trading.

• The system has real time optimising engine which adapts to any market condition.

• The Automated Forex Grail is a highly profitable system which allows you to earn thousands each day.

• Quick and simple to install. With an easy to use interface so don’t worry if you’re not that tech savvy.

• Start with a real forex account or learn the ropes whilst using a demo account.

As you can see from the above facts the automated forex grail has already been busy analysing the forex market. The developers continuously tested the software before its release and were able to make over $700,000 profit in that time period.

The automated forex grail system has been developed to constantly adapt to a changing market using its highly complex real-time optimising engine. What this means is that unlike any other forex system the automated forex grail redefines its self with the current forex market.

The real-time optimising engine is able to analyse data from the forex market every second of every day and when the market fluctuates the automated forex grail adapts to the latest conditions too.

I recommend that you check out the proof that is displayed on the official automated forex grail website. If you’re in the forex market to make money then this system is definitely for you, with its simple and easy to use interface even if you are not tech savvy you will understand how to make money with this system.



ELTON

What is the secret to successful forex trading?

December 9th, 2009
forex
marina asked:


A complete newbie to forex trading, I am having difficulties figuring out where to look for information, but also what exactly to look for. Commodities? Bank quarterly results?

JAMES

What book is a must read for an aspiring forex trader?

December 8th, 2009
forex
garden_snake99 asked:


I’d like to know what books you would recommend to someone who would like to make it in the forex business. I’d love to learn from experienced traders talking about their struggles in this very tough market.

DALLAS

How similar is the real forex trading to the virtual practice ones?

December 7th, 2009
forex
Nanc asked:


I was just fooling around with the practice forex for a couple of hours today and made around $5k profit.

AUBREY