Does anyone know where I can find a broker who trades the forex market?
Yes, I use gftforex and 1world-forex.
These two brokers have low spreads and pay higher interest for the system that I am using. If you would like to know the system that I am using, go to http://www.4xmoneytrain.com
this is trading software mostly for foreign currency exchange accounts
i dont know
At my new work, due to firewall limitations, I cannot install the VT Trader, a software from CMS Forex. Therefore I need to buy a device, Im thinking Blackberry or a Windows Mobile and then look for a new broker dealer to start trading. Anyone knows about Mobile Forex Trading?
Yes, the last answer was highly intelligent and relevant wasn't it. You can do lots of wonderful things with a mobile and the Internet. 2 points.
Anyway, where were we. Ah yes, Forex Trading via Mobile – clearly if you're doing this professionally then the main issue is related to data lag, particularly if your device isn't 3G. When fractions of a second can count (depending on your strategy / automation) then mobile is high risk.
You should identify a forex platform which provides a decent PC web environment primarily – if that's good and timely, then the mobile service hinged off it is likely to be good too.
I really like to play stock, day strade, swing trade, long short, you name it.
But what is options?
I heard that the risk is so much grater than stock. Also can you earn money by predicting which stock will go up or go down ? Is this option?
Does option trading similar to FOREX?
Sorry, does this means I have to specipy if stock a gonna go down to lets say from $ 9.45 to $ 7.30 SPECIFICALLY. If this is so. It is mighty difficult.
I know a lot of stock prices that is for sure to PLUMMET however to say i have to give a SPECIFIC price ? that is almost impossible ?
IMHO the first three answers you received did not do a very good job of describing what options are. You will get a much better description of options by looking through the first few pages of the tutorial at
http://www.cboe.com/LearnCenter/Tutorials.aspx
<<<I heard that the risk is so much grater than stock.>>>
With options, if you understand them, you can choose how much risk you have, more, the same or less than with stock.
<<<Also can you earn money by predicting which stock will go up or go down ?>>>
Yes with the right strategies. If you simply buy options you should have predictions about which way it will go, how much the price will change, and when the price will change.
<<<Does option trading similar to FOREX?>>>
The only real similarity is that both allow you to use leverage.
———–
A few comments about some things said in other responses.
All options have expiration dates. Normal options expire on the Saturday following the third Friday of the month, up to eight months in the future. Some stock also have long term options known as LEAPS, which can expire up 30 months in the future. I have no idea why one the responses talked about nine months.
As for the comment that trading options is gambling, that can be true but does not have to be.
Similarly, I would not say most professionals trade options to hedge. When they hedge it is to reduce risk, protecting profits or reducing losses. Most professionals initate option positions to make a profit, then adjust/hedge the position as required.
———–
One thing to understand is that option traders usually try to profit with predictions about the future volatility of a stock price at least as much as the direction the stock price will move.
i am a stock market player. i want to enter currency market. kindly guide me which currency pairs are normally very active and the timings (from what time to what time if I am ready to concentrate on all the 24 hours)generally very active for day trading. Also request to mention the differnce between currency trading and stock trading in various angles
By far and away the most active currency pairs are GBP/USD, EUR/USD, USD/CHF and USD/JPY.
I just want to know if it is registered with the SEC.
Yes , it's legal.
to maintain my trading day to day trading,
If it works for you, do it.
Is there any free website on sentiment indicator chart for spot forex trading ?
FXCM has several free charting version. Including ADX and stochastic indicators. Dont know exactly what you mean by sentiment but you can try FXCM. I have included a free demo version of FXCM trading platform video clip here. And a free utility Forex trading reality check tracker. http://www.geocities.com/lcming/Forexhome & http://www.geocities.com/lcming/Forexbooks
capital markete quity research,
Certified International Investment Analyst Program
Treasury and Forex Management Program
Investment Banking Program
Strategic Finance and Control Program
Financial Engineering Program
Forensic Accounting Program
Accounting Standards & US GAAP Program
Information Systems Audit Program
Investment and Tax Planning Program
Investment and Tax Planning Program
I guess as against a manual system
Nothing is automated in forex really as far as I know. There always is a dealer at the other end. What you are talking about is probably the platform. Some of the forex trading platforms (usually web based) are easy to use since you have everything neatly set up. Buying or selling is literally done with a click of the mouse.