I have accounts at Oanda and Fxdd.
Oanda's charts are pretty basic but it's probably the best market maker available.
FXDD uses Metatrader, which allows you to do just about anything, but only if you're a programmer.
I'm a programmer. I love Metatrader. It's the best.
I currently dabble in the forex market and using a US broker. How will I be taxed on my earnings, and what happeneds if I lose money that year, is it a capital loss? HOw does this work in regards to canadian tax laws with the broker being in the US?
Your tax reporting for dealing with a US broker is the same as dealing with a cdn broker in that the income reporting and transactions should be translated in Cdn $.
Regarding your quesion whether your loss should be a capital loss depends on whether your "playing" in the fx market constiute an investment or a business. There are no provisions in the Act which specify whether a foreign exchange gain or loss is on account of income or capital. An investment is generally in a situation of buy and hold, while a business is in a situation when you are knowledgeable and maybe with insider information, lots of daily time spent and numerous buys and sells during the day or week, etc.
Please see the CRA’s IT-95R “Foreign Exchange Gains and Losses”. http://www.cra-arc.gc.ca/E/pub/tp/it95r/it95r-e.txt
Hey guys, I was just curios, a friend of mine told me that it is possible to earn nice profit with automated forex robots. I kind of didn't believed him, because I'm in forex for 5 years already and just couldn't find a reason for those robots to work? Anyone here had success with automated forex robots?
You will be surprised but automated forex robots actually work. I myself am banking out with automated forex robots! If you need more info be sure to check out http://www.automatedforex.info
Hope this helps
Looking for at least 75 pips a week average with low downdraw.
Thank you for your advice.
www.freedominforex.com or www.freedomrocks.com. The videos speak for themselves. 15 day free trial. Less expensive to get into than just about every other program and this one actually works. I tried 4x made easy waste of capital 3000 plus monthly fee for information. Having been searching for a system for years I have found it. In 30 days up 724.00 on 3000 and I am trading the conservative part of the program. Can also trade at 200 and 400 to 1 and the system shows you how to make money. Let alone get interest at a higher rate than you will find with any mutual fund out there. Good luck.
right here
(use 'instruments' for other currency choices)
http://www.forex-markets.com/webcharts.htm
I have been trading forex for the last two years, got a hand on it. I am going to put 5-10K in 2 managed accounts that I know and had been watching for the last year because they give 25%-30% annually (conservative approach, no more than 20% in trades and broker at a time). I have seen people loosing money and lost money (in stocks) myself. SO I am aware of what I am doing and where I put my $$$$. I am not going to put a lot at first. Where I can find others who would be willing to try and do the same?
Why I want somebody else to do this with me? It is not that scary knowing that someone else has evaluated the proposition, and bargaining power is stronger.
FXCM – I have been watching their managed accounts. However, I lost almost 3000 with their auto trader, and got a very rude response from the staff so I am being careful now..
Maybe you should try a product that offers auto trading which piggy backs all the major trading styles in the forex market. This is 90% autotrading, but If you don't want to trade your self then go with a managed account. The people I talk to lose money with managed accounts.
I want to know which forex broker has the narrowest spread for EUR/USD and USD/CHF with hedging facility.
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..
Be serious, and expect more out of life.
If you want to get into forex you should read this first.
http://allforexeveryday.wordpress.com
There's a lot of information there and I suggest using Forex Tracer. The people are friendly and will walk you through every step.
I am a beginner who wish to learn before forex trading. Thank You.
I don't know about buying a forex training course when theres so many resources on forex online. Here are some of the sites that i use to teach me more about forex/sharetrading. The websites below have very helpful resources regarding currency trading & theyre all free! I've personally found them very useful in learning about forex trading and its sharetrading counterpart.