Forex Trading Tips and Reviews

How to step up my Forex game?

Hola,

I don’t trade forex full time, but I have alot of experience trading other markets. I guess if you’re trading technicals then you can use those no matter what the market.

One thing I’ve noticed about forex is that if I pick a direction and enter when volatility is shrinking usually end up with a winning trade.

As for resources, I think the best teacher is going to be experience. Just trade as small as you can while you learn.

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Has anyone ever tried forex or currency trading is it a scam or is it almost impossible to make money?

honesty is very important TO ME I AM NEW TO CURENCY TRADING AND I HAVE ABOUT 500 BUCKS TO WORK WITH from what i hear forex itself is not a scam but other software associated with it any one with trading experience preferabLy two to three yeARS your inPUT in this would be very appreciative if anyone could HELP ME AGAIN I WOULD VERY MUCH APPRECIATE IT. ALSO I WAS WONDERING HOW MUCH TIME IT TAKES TO MAKE A PROFIT

It depends on how fast you can learn the forex trade. But initially a lot depends on luck. I have seen many lost money but I think you can improve your chances by following some prudent guidelines and jump in too quickly.

I have been trading as a sideline for 3 years. Made a bit but not much as I have been very careful and cautious. However, the last few months I have made more than I made in the 3 years before.

The reason is I started to use some of the new aids available in the market. I don’t actually use them totally as an autopilot kind of system but more to supplement my regular trading.

I don’t have much Money, is it still possible to make it in Forex ?

I want to trade in currency. Is there any online trading platform in India with fastest quote and settlement?

There are many sites say Forex.com, which are US based where I find difficulty in opening demat/trading account, settlement of funds due to legal barriers. Hence I want Indian based currency trading platform. Kinldy help me

Forex is not open to general public in India legally. You can do the transaction but you have to select international companies.

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The best forex brokers and trading platforms?

What is the best platform for currency trading for real? I mean, considering that most of the features, as if their trading software is good, if it is reliable, whether the transfer of money Withdraw deposit and is fast, if it is convenient to trade with it, if the support is fast and efficient, and so on and so forth. Is there a good platform to support Paypal or bank account been European? Thanks for the information. I'm planning to do the actual trade, but only the first with a mini account.

There are many forex trading platform! each platform has + or -! Here you can read some comments http://www.squidoo.com/Best-Forex-Trading-Platforms

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currency trading for beginner…?

how do i get started with currency trading? are there any online courses anyone could recommend? has anyone a success story to share? what are the main points i need to know? do i have to invest more than 1000 pounds to get started? any help appreciated… thanks.

You pretty much need to understand the amount of worth, to whatever you plan to exchange it to. Easy as that. Then you need to follow, how much it changes.

You buy foreign currency, while it is low. You hold on to that, till it jumps in price. Enough till you make a profit. It’s up to you, to figure out how much to buy. Depends on how much you are willing to lose, and how long you are willing to wait.

I would try it, with a few different currencies, that way you can up your chances. If the currency you chose, does not raise in price, hold on to it longer. If after a year, you see no change, get your money back. If within that year, it has a slow, but constant raise, hold on to it. If you see a dramatic raise, sell it off for profit.

After a while, you will get the hang of it, and you should see a profit within a few months, if you are lucky.

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What are the RBI guidelines for Forex Trading in India?

RBI has very severe laws if you trade INR against any other currency without prior permission from RBI. You need to have a forex trading lisence from RBI. If you trade without the permission of RBI, you can be jailed upto 6 months or fined Rs. 10,000.

In order to secure a lisence you need not go to the RBI office. Instead open an account with reputed forex broker. They will get you the lisence and other legal requirements. Good brokers in India are: Reliance Money, Motilal Oswal and Velez Capital. Presently you are only allowed to trade USD/INR that too with very high spreads.

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What is the best Forex software for beginners?

I want to know, is it good for beginners. Is it good? I am new to forex and want know of someone who is doing it. I read the comments of a few trading bots newsprofiteer fapturbo and cars as, but not yet I'm sure. I have heard only good things about it, but then that is what is expected of comments

speculator is better news if it is to make operations your account, and FAP Turbo is better when you go to the auto trade. newsprofiteer currency is software that helps one time operations based on market cycles and news affecting the economy as a whole. I use both and I must say, I like both equally important, it really depends on you and your service as important as The differential high = big losses. – Extends low = big profits

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I need more information about the Forex market? So please foreign exchange professionals to respond to that?

I that trade currency in a few months from now, I practice a lot and was saving money to open a real account, and seek real help on what to do and change DNT DNT I get in trouble in any way, I was thinking of creating a robot forex trading / operations support system, is it legal and if so what is illegal to do so in the forex market and am looking for suggestions also U.S. agent basic currency who go, plz only professional forex traders only, would be very useful

I am not a professional exchange, and I doubt anyone else answer to that question is no more. However, let me give you some advice: Play Forex may seem attractive, but Most people who try to lose money. All you have to do is do an internet search on the word "Forex" and "losing" to see that consensus. Forex is what is called "zero sum" game You place a bet with another person whether a currency will increase or decrease. For every winner there must be a loser. If you're smarter than the average player, you can earn money. If you are more stupid than the average player, is very likely to lose money. Most people who make the "game" in Forex are experts in banks and other institutions of higher. Is unlikely to win this game, in fact, the currency is not the whole sum game zero. It is a slightly negative-sum game as online broker has a small percentage each time the spread. This is a small amount, but more than a hundred trades, which ends up being a sum of money. Therefore, the average player is likely to lose money, and remember that the average player is a highly qualified professional and probably smarter than you. There are many opportunities in the Forex, and if you play it, you certain periods of time in which to make money. This is usually because it has a stroke of luck, not because Forex suddenly become an expert player. However, most people do not want to admit its success is due to chance. They are convinced they have a system that works, and lose a lot of money trying to improve it. Complicating the problem is the high amount of fraud in Internet stock. Most sites currency are questionable honesty. You are in line with many people who say they've done a lot of money using Forex. They are usually liars trying to do money. They will say: "Go to com/q2347 Forexcrap .." The "q2347" is a sign Forexcrap the site is taken by "q2347". If sell something, "q2347" gets a kickback. These coded signals can be hidden by different methods in the link. Others refer to their personal website or blog to try to get money on you. There are also plenty of trolls out there who like to pretend they're successful forex traders just for fun.

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Forex practice trading for teens 500 starting fund?

I have been practicing trading for very little time with a practice account on forex.com It has become quite addicting to me as i am doing it right now. I intentionally started with 500 because that is what i plan on puting in I have had a 10% profit average each day but i have devoted around 8 hours daily. Today I made a killing off of the usd/euro I was told that paper trading is usless because you wont make the same decisions. I agree but i have made myself feel as if this is my money because in a sense it is because if i dont make a profit I dont not plan on put my actually cash in has anyone ever done forex with little money and made a signifacant profit?

It doesn’t really matter how much money you have in your trading account, as long as you are making money.

What’s good about starting with a small amount is that there is less ego and emotion involved with your trading.

When I was getting started trading forex, I started with only $300. I made good, and was able to grow that account 220% in a span of 14 months. I haven’t been that lucky since.

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