I saw GCI Trading Platform (gcitrading.com). It was quite impressive, but I would need at least look at 3 of its competitors to evaluate it. Please recommend them to me.
http://terranovaonline.com/
There is a so-called ACM, a company in Dubai that works on forex trading and currency trading. Honestly, I almost don’t have any ideas about how this thing works. It’s like I have to open an account and invest money. I don’t know how it works. How will that benefit me? Will it make my money grow?
And there’s some kind of a software that has a lot of buttons, numbers, options, etc. I really can’t figure out how it works.
Please help me!
You can very easily grow your money in forex. But the market is quite risky therefore opt intelligent trading. This means make trades carefully and dont go for very high risky trades. take the help of your broker.
Finexo is very good in terms of maintaining high returns and consistence trading. you an open an account here and trade in Forex, Asian markets, European and US market also. I am also making huge sum in Forex with the help of Finexo.
Happy Trading
I am interested in doing some trading with FOREX TRADING have any of you ever dealt with them?
Not a good idea. Forex trading is just too much to handle. Because Forex never closes. they trade 24hours non-stop. Plus there are many factors global factors affecting Forex. One person cannot follow all these factors all at once. it is impossibe.
My Advise, trade stocks, you will learn more, believe me.
Good Luck
Hi – I'm a trader…Highest Return?
Stocks won't because they require you to put forward the full amount of capital. Hedge Funds – you have little control over what they invest in – and i doubt they can match any professional trader's returns!
You're left with futures/forex and options. I don't have experience with futures so I can't comment but forex dealers give you a leverage of 100:1. You only need to put in 1% of capital in your trading. What does that mean?? well percentage wise your returns will be phenonemal. You can achieve the same leveraged affect with options as well as this instrument called CFDs.
I have been studying forex trading with some help from the FORUM members and find that currencies (GBP/USD) keep on oscillating in a narrow range. this means yoiu can only swing trade. No posibility of Position trading. Your helpful cpmments please
Gaminig
Let me give you a little advice. There is definetely long term trends in Forex. Take a look at the daily and monthly charts. It is important to know the long term trend before you enter into any short term trades. I teach my clients to use Fibonacci studies on the daily charts to identify key support and resistance levels.
Although a currency pair may range for a number of days what you are really looking for is the point at which you can capture a breakout.
The bulk of my client's use a Forex hedging tactic as part of a long term investment strategy.
Good luck in your ventures.
I want to know if any other forex broking company uses GTS platform which fx solution uses.
Have you tried any of the following?
Interbankfx
1 world forex
gft
tradex
fxcm
Have you used meta trader 4?
I have a lot of forex ebooks,if any one want to exchange books with me please send me mail.
mmohied@yahoo.com
Mohamed:
I sent you an email, but just in case you don't get it, click on my name to reach my profile. Then send me an email thru the link in the profile.
Hi. I am really new to online currency trading and all this stuff. Actually i havent done it ever before. I want to start with the online forex trading but i need some tips. How do I start? I got the demo account and all I see is some charts and symbols i have no idea about 
Do you know any good online FREE!!! tutorials? Also do I have to pay for the real account? Thx for help
Here's the answer I gave to the same question yesterday:
First, learn about the 50% retracement rule. This is the single most reliable and simple rule for a beginning trader. You may ignore every other "technical" or chart indicator when you are first starting out. You may learn about this by googling for it, or by finding a book.
Second, learn what to expect and what not to expect from the "advice" that you will find in your search to learn how the stock or commodities markets work. This "advice" will come in the form of fundamental analysis, news, websites, technical analysis, stock brokers, investment advisors. The best way to learn which things to pay attention to and which to ignore, is to read the book "WAll Street: The Other LAs Vegas." It might sound like a cheesy title, but it's a good book written by a dancer who started trading in stocks, and learned what to trust and what not to trust. He learned the hard way. Once he figured it out, he turned some 50 thousand dollars into two million.
Third, you will need to develop a trading plan. This will be primarily based on your 50% retracement. rule. To this you will add a method to control your losses. For beginning traders, the easiest way to do this is to learn how to use "stop losses." So you will enter trades with the rule, you will let your profits run, and you will limit your losses.
Next, you will open an online account with a stock, currency or futures brokerage. It doesn't matter which. Day trading is all the same. If you want to trade stocks, trade stocks. If you want to do currencies or futures, do those. The differences between them are as follows:
Stocks usually require several thousand dollars to trade. They tend to charge higher commissions and fees. With stock accounts you can usually buy a "little" more than how much cash you have. It's called "margin."
You can open up a currencies account with *very* little money. Like, $250. Currencies are highly "leveraged" trading. Meaning a little goes a long ways. It's good and bad.
A futures account is for trading commodity futures, stuff like oil, sugar, coffee. Again, highly leveraged. You need a minimum of 10,000 to open up this one.
If you live in the US, here are the things to look for when you shop for a brokerage:
- If you're going to trade STOCKS, look for a brokerage that is a member of the FINRA and SIPC. This means the company is "regulated" and you won't have to worry about them stealing your money.
- If you're going to trade CURRENCIES or FUTURES, make sure the company is a member of the National Futures Association (NFA).
Next, open up your account. If you open a currency or futures account, the cool thing is, you can "practice" trade with their demo accounts for as long as you need. This is very useful. I recommend doing it.
Finally, once you get used to trading, start learning about additional methods of risk control. Such things as option spreads are very useful.
I'm currently interning @ RBS Greenwich Capital Markets in Credit. It is boring. I've been offered a chance to maybe move around the firm to a different area. I know I really want to proprietary trader or be a FOREX spot trader, but I was unsure if they would be too busy to work with an intern. I would think so, in which case where can I learn to trade for free? Also, I was hoping I could get some clarifications into the two areas, what seperates them, and what kind of person would be better fit for both areas. Thank you so much.
If you like trading and some one offers you a chance to work on trading desk and you don't take you're a fool and don't deserve to even work for that company
You don't worry is someone is going to "work" with you, you take the golden opportunity and run with it. If you think traders are going to hold you hand and spend time teaching you better not take the job. You learn by doing, by following, by listening, and paying attention.
All traders have the some abilities, personalities & traits, some a little more servere than others. Traders are above average intelligence (you would know most of the time) quick thinking, good a math and have out going personalities and most importantly are not wrapped too tight.
I've been on the floor of most exchanges, including the options. equities and commodities and a trader is a trader is a trader. A good floor trader (and most inhouse) can trade anything with a very short indoctrinization period
What are the pros and cons.
I had in mind the automated trading where an Expert Advisor (EA) program is created to trade forex.
Check the website below:
http://championship.mql4.com/
Pros: Easy to use and it doesn't take any work at all.
Cons: Most of them don't work, and since you're not trading on your own (the pc does all the work), you're in serious risk.
I tested plenty of automated systems and so far I only found 1 that works. It's the autopilot system, and you can read more about it at http://www.forextopten.com/forexautopilotsystemreviews.html