what is the best method? a fixed monthly subscription, sharing profits or one time payment? please suggest…….
Set up a hedge fund with a minimum investment of $1 milllion and hire a third-party marketer.
They claim that Automatic Forex Cash can run on autopilot. If so, it will be suitable for new comers who don't like the learning curve for forex trading.
Anyone who has used this, please share your experience.
http://www.automatedforexcash.info
I did buy this a few days ago when they launched it on the recommendation of my friends who had a chance to test it out.
So far I have only done paper trades (no real trades yet) and the results are good. In fact, I would have made some money if I played real trades.
It is very easy and really simplified. It's more or less automated. Not much thinking needed.
For now, it works well according to my friends. I just hope it continues to do so.
I keep hearing good things about them and this mourning i saw an analysis on the cable tv money channel giving rave reviews on fx ring leader , how there calls dominate the forex markets. i just want to know if any one has gotten rich from using them ! and has your account ever gone negative using them i looked at there trading history and it looks too perfect. seems like on average they only have 2 stop out per month. so am i reading the report correctly ? iv only found 1 negative thing about them but i realized it was just a competitor of theres running a "name smear campaign" so i have disregarded his bogus reviews on them since i see them on national t.v now. please post any positive reviews on your personal use….
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I want to deposit real money in an account given to me by etoro.I want to know if etoro is scam website or not?
Danny B gave you a good advice. Besides that you can read review on that broker to know what traders have been experiencing with them. You can check for reviews on the following places:
http://www.forexpeacearmy.com/public/review/www.etoro.com
http://www.forextopten.com/forex-broker.html
Looking for legitimate, registered USA brokers with a track record in forex trading. The lowest minimum I have seen is $10,000.
That's the lowest I've seen for managed accounts. I have seen auto-traded (by computer – not a person) minimums of $5,000 but I wouldn't touch those.
When I first looked at managed accounts, I was expecting to see better returns than what they are.
I have developed a proprietary expert advisor (trading robot) that has a 78% win ratio and a less than 20% drawdown. My monthly average is 38% compounded monthly. I'll be a millionaire in two years, with or without investors, but since no one is promised tomorrow…I would like to accelerate this process. Advice?
nice twisting of the language there!
"38% compounded monthly" = 38% if you assume 12 compounding periods per year.
but anyway -
if you want to start a hedge fund, i hope you have one heck of a pedigree, and a bunch of seed capital yourself. you'll probably spend (minimum) $250k just on lawyers, and it will take nearly a year to get the proper approvals. then you can start trying to collect ~$10m (minimum) to get decent rates and execution from your prime. the first year, just to break even (assuming a 50% annual return) you'll probably need to get 3/30 in fees.
oh, and by the way – if there was any part of that you didn't understand, figure on at least another $100k to the lawyers.
Xelam has given a good answer. You can always go online and check out forex articles.
The risk is making wrong entry and exit points resulting in loss. As such, if you start forex like a lot of new comers to forex, without managing your risk, you can get burnt.
I believe managing the risk is most important. Don't take risks that you can't afford to take.
However, nowadays for new comers there are many new software systems that make it easy for those with no experience to trade and manage their trading.
Do you mean broker when you say investing company? So far, I've only used Easy Forex.
I am a forex beginner. I've been trying different indicators to help me profit from forex trading, but most are complicated and difficult to understand. I am glad if someone out there can help me with something easy and reliable.
I have two moving averages you can use on my website and they are totally free, this would be in lieu of MACD but its all trend based. Do not apply these to one timeframe, apply these to multiple timefremes and start with the largest trend first to monitor or analyze a pair. There are screenshots there on how to set them up with on a metatrader platform and how to use the free price alarms too to monitor movement.
Go to the website and click on "complimentary trading tools" for full setup instructions.
here are the links
http://www.flickr.com/photos/24224310%40N05/
http://www.forexearlywarning.com/charts.cfm
Good Trading
Mark Mc Donnell
www.forexearlywarning.com