im new to forex trading, i understand to deal with a good forex broker is very important, any one can tell me how to judge the forex brokers and which broker good reputation?

I've been trading with Gain Capital (www.Forex.com) for about 6 months now with no major complaints. Stay clear during the heavy news but you'd need to do that on any platform. Whatever you do, AVOID a dealing desk platform. As a beginner trader you won't understand all of the issues with trading on a dealing desk platform, but trust me, there are. Check out www.ForexBastards.com…that's one of many that provides trader feedback on various platforms.

Something else you should look into is FX Rebates (www.FxRebates.com). Been signed up with them since I’m with Gain Capital and would recommend it to everyone. They're simply my Introducing Broker meaning there is no additional cost to me; however they pay me commission rebates on every trade I make. Rebates are based on my monthly trading volume and I receive checks monthly. The program is offered with about 12 different brokers…pick any of them.

Best of luck in your search and happy to see another FX Trader in the making…

I opened a Bank stock trading account ( a custody account) in Iceland in June 2006. Purpose is to trade securities on the Iceland stock exchange. My deposit into the account was $191.00 (middle of June). In the middle of August my initial deposit was worth $209.00 I am not exactly sure what the interest rate might be but it is high. Regardless of how i approach my new brokerage account the underlying asset will be the currency (Iceland ISK). The custody account gave me the option of currecies to convert my US dollars from-To ISK or GBP or Denmark Krona, a few others. Any suggestions as to how i might play this account to my advantage to make a continuous profit just from the currency? Without trading stocks on that exchange? Thanks

Well, $209 – $191 = $18
$18 is 9.24% of $191, and that was for about 2 months, or 4.62% per month.
Assuming you continue at that rate, and just leave it there
for 20 years, it will have grown to $11,688,740.88 in June 2026.

What is this place so I can get an account there also?

Stay way from FOREX accounts, they use extreme margin and unlike stocks can lose all your money if they drop a mere 1 or 2%.

Hi! I wanted to begin trading using the Meta Trader platform. I came across www.forexautopilot.com. Is this website legitimate? Has anyone had any experience with it? Please share with me. It will help me decide whether I must purchase the software or not. How about eToro? Has anyone used www.etoro.com for trading? Please do let me know! Thank you!

Forex autopilot is a good software. I've been using it for a couple of months, and it has been working well.
Since it's an automated trading system, I prefer to use it only on a small account, to avoid the risks.
You can read reviews about autopilot on:

http://www.forextopten.com/forexautopilotreviews.html

http://www.topforexeducation.com/forex-autopilot-review.html

About Etoro, I never tested it. I've been using Oanda and so far I'm glad with them. Anyway, you can read reviews on Etoro and other brokers on:

http://www.forextopten.com/etororeviews.html

Trading courses are out to make themselves money not you. Same with books. I suggest using a hedge system by FreedomRocks. I have been using it for the past 11 months and I am really impressed. No charts and graphs to read….they tell you when to buy and sell and how to allocate your portfolio right from the beginning based on how much risk you decide to take. You can even set up a free demo account to make sure it is something that you like before you go live. Check it out at http://www.wiseforexinvestor.com

Best Wishes,
Rex White

If you have any questions please feel free to email or call me.
503-463-7336
rexwhiteforextrading@gmail.com

I want to sing up for demo account to trade money like forex but I want to get one that gives prices like monthly price for the 1st trader.

With so much confidence I would expect you to just jump into the live market, but a demo account does have that no risk safety net and if you can win prizes that is an added bonus.

I suggest anyone that is new to forex to make full use of their safety net.I don't recall off hand any forex trading sites having monthly cash prizes but it does sound interesting. Good luck.

Banks offer about 5.0 percent return annually. Average Mutual Funds about 15 percent return annually. Bonds offer 4.8 percent return. Hedge Funds can yield over 30 percent return with insane risk and luck. All these numbers are wonderful, but is it that difficult or impossible to outperform all of these things, which are presumed to be nice investment tools (excluding hedge funds).

Anyone heard of foreign exchange or Forex? It allows you to play with margins of 1:1 up to 400:1, meaning for everyone dollar you put in there, they are willing to back that up with 400x of that amount. Nobody who trades with 400:1 really gets that far, because of the insane downside risk. However, trading with 50:1 have got me really far.

Over the past 5 months, I have made consistent gains of Approximately 8 percent a week as a position daytrader. I follow a guided strategy.

Based on this, if I invest $2500 over 104 wks, I have:
2500 x 1.08^104
I will have $7,481,877.

Unrealistic? Impossible? 5 months
Chinese sell-off. The only week that dented my account by 5 percent. That is as much of a DD as I allow. Whenever I lose 5 percent due to fundamentals. I wait out the fundamentals before I enter the market again. Only scenario where my strategy fail is breaking news and breakouts. I don't have to trade breakouts but sometimes I do if I know how it'll go.

I do plan to accept clients, but not through Y! Answers. I won't be accepting clients til 2008, since I need 1 year to prove my strategy. Anyways, based on my analysis, I make good money in an uptrend, less money in a downtrend, and tons of money in a trading range.

When did you begin trading this method? What margin do you use? What was your starting balance? What pairs do you trade?

Have you ever had a losing week? What positions did you have between Feb 22nd and March 5th? Most people had a bit of a challenge at that time. How about you?

Oh yeah, and how long have you been trading Forex? Where did you get your training?

I noticed your posts last week. Are you intending to trade Forex for other people? If you are you should probably provide an email address in your profile. It makes it easier for people to get ahold of you and ask some basic questions.

Yes, you can now trade from all over the world online. But go for one that has strict rules following the standards for US and UK traders.

For me, I've been using EasyForex and I have no problem.