I noticed some of the banks in Canada offer stocks investing, mutual fund, forex & gold trading, but they charge around $50 per trade, it's too much. Anything more reasonable, one of my friend used a online trading (don't remember the name) they offer trading under $10 per trade & he even got promotion code coupon for it & got $100 cash back for opening up account. Any recomendations?
Currently the lowest fees charged by Questrade for Canada, your friend may be talking about them, I have seen a $100 coupon on the web, here is the link below if you need. They charge $4.95 per stock trade & allows forex ( no fees) & gold trade. Mutual funds & options are also supported. Both US & Canadian stocks can be traded. I don't think you can beat the price elsewhere.
Coupon: PromoCode-FREE100
takes anywhere between 2-3 months to get the check. Even without check, they are the best value with lowest fees in Canada.
Is it, theoretically speaking:
1- Options & Futures …… (And if so, in what underlying area?)
2- Forex Trading ……. (And if so, which currencies)
or
3- Neither ……. (And if so, why not and what area would you recommend instead?)
Which one offers the most theoretical/potential return and requires the least upfront outlay?
Again, NOT considering the inherent risks, BUT merely the potential for return.
Please, offer as much detail as possible. Thank You!
P.S. Please also note, that I am talking about "Trading" and NOT "Investing".
E.V. – Thanks for your great advice.
g3n1ouz0 – What an incredible piece of creative writing. I wish, I could reward it with the BA, but unfortunately its ingenious satire does not really address the question. In other words, it would not be exactly fair to others to pick it as the BA. Nonetheless, THANK YOU for such a wonderful piece of writing – I know you must have put some time into that. Thanks again.
Sheepherder – Great to have you back, dear. So you are recommending a pot of gold to be buried in the backyard, huh? I hope things don't get as bad as you are predicting, at least for another 50 years or so!
…. Then again, you’re an old (only in spirit, okay lol) fox who has been around so: When Sheep talks, the market might get sheepish!
![]()
The average option has leverage between 8-15 times the underlying instrument. Forex has on average 100:1 leverage, giving greater opportunity for profits. Now add options to the forex market. Options are becoming more common place in the forex market and they will become more liquid and in expensive as time goes on. In the end, I think your best profitability could come from forex and later forex options. As you said, not approaching the risk involved.
And as far as being a trader is considered, bravo. A great quote from Atlas Shrugged:
"The symbol of all relationships among such men, the moral symbol of respect for human beings, is the trader. We, who live by values, not by loot, are traders, both in matter and in spirit. A trader is a man who earns what he gets and does not give or take the undeserved. A trader does not ask to be paid for his failures, nor does he ask to be loved for his flaws. A trader does not squander his body as fodder or his soul as alms. Just as he does not give his work except in trade for material values, so he does not give the values of his spirit – his love, his friendship, his esteem – except in payment and in trade for human virtues, in payment for his own selfish pleasure, which he receives from men he can respect."
For this research project that I'm doing, I need to know either the actual quantity of Yuan (the Chinese currency) traded on the FOREX each day, or the percentage of the FOREX trading that is done in Yuan, or any information that can lead me in that direction. REFERENCES CRUCIAL, because I need a bibliography.
Ever thought of going right to the source?
I am curious about this because i once used FXCM trading platform before and i must set SL first before setting the TS. But in MT4, i can set mt TS without SL. Anyone know the reasons?
thank you!
it is just the platform fascility.
When ts is set by distance it will generate two things one stop loss and other trailing distance.
If you have a reference for how it's done, like a website or the name of a book, please pass it along.
Be careful, you could lose your shirt !
I’m in need of someone who creates software for FOREX commodity and stock trading, are they called programmers?
Yes they would be programmers that make such systems. If you are looking for an automated forex system, check out http://forexcurrencytradingsystem.biz/ for reviews on the markets top trading systems.
i want trade in forex trading , currency trading is any web site which provide some free real cash to trade.
Hi Sagar,
If you asking if there is sites where you can setup a demo account and trade with pretend money as if it was a real account then yes. My wife and I have been trading on the Forex for a while now so if you would like some more info just IM or email us and we'll point you in the right direction.
Yo & Jaime
please i need genuine websites that accept e-gold payment. with little start up fee. where one start with managed accounts. I am inexperienced in live trading..
Trading is probably the most difficult business you will ever encounter, and the most challenging. If you have no experience with trading, then you should trade free on a simulator for several months while you learn. Here is the forex simulator, and then a stock simulator
Forex simulator:
http://www.expertworx.com/pm/Forex%20Market%20Educational%20Game.htm
There are also great resources for Forex at Investopedia.com
Here are some others
http://www.premieretradeai.com/
http://www.forextv.com/FT/Video.jsp?channel=41
http://umgarticles.atspace.com/forex-trading.htm
http://www.fxstreet.com/rates-charts/usdollar-index/
http://forex.tradingcharts.com/
http://www.dailyfx.com
http://www.forexbastards.com
http://www.forex-options.com/
http://4xcampus.com/
Here is the broker I use but I have heard good things about FXCM also:
http://fxdd.com/
If I were to trade USD/GBR on forex market, what sort of hedge would I use to reduce my level of risk? Ie would I buy other currencies at the same time, or use forward contracts / future contracts or even options. Which is the most common and effective.
Thanks
One of the greatest things about Forex trading is that it is so risky and oh so rewarding!! We especially like it because of the uncertainty surrounding the market movements. That’s why the majority of us don’t use “hedge” trades or safety nets, except for stop loss orders. This gives you greater freedom of movement and more rewards on the upper movement. For example, when your trade goes up a few pips, your reward is that much greater because you have allowed room for your trade to breathe or grow. If it goes down, you are limited in your loss because of the stop loss order you have in place. This is how the game is supposed to be played. If you are concerning about losing your life savings, you are investing money you didn’t have in the first place and should find saver investments.
BEGINNER, Also how long would that money have to stay in that investment?
Yes, you need to trade thorough an account opened with a Forex broker……but I would STRONGLY advise you to only open a demo account and to not invest any real money into the Forex market until you know what you are doing.
There are some conservative ways to invest in the Forex market where you can reduce some of the risk. And there are extremely risky ways to invest in the market where you can lose all your money before you even know what a pip is.
I would be happy to give you a couple of suggestions on where to start.
Paul
pupp52@yahoo.com