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Technorati Tags: automated, automatic, forex, robot, systems, trading

I'm a beginner and want to gain an understanding of the best combinations. I heard Visual Trader 2.0 and Metatrader are good – but which brokers can i get these platforms with? And are there are any good platforms you would recommend?

google this for me
FOREX SCAM
some of these companies never purchase your requests
If you have chosen a company google the name of the company followed by the word complaint.
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I'm demo trading using the FXCM Trading Station which comes with $50K in virtual funds. How does trading more than that amount at the same time work? – I opened four positions; one with $30K and three with $10K. I was expecting a 'helll no' sign, but there was no sign of the sign language I speak.

I believe you're referring to leverage. For mini accounts, they normally give you 200:1 leverage at FXCM.

What this means is that in order to control $200 in the market, all you need is $1. Since mini-lots are $10,000, all you would need to control one mini-lot would be 10000/200 = $50.

In your case, you opened one position with 3 mini-lots ($30k), and 3 more positions with one mini-lot each. It looks like you had 6 mini-lots open at the same time. This requires $50/lot * 6 = $300 in margin requirement.

Conceivably, you could open positions totaling 50000*200 = $10 million in open positions with $50K in margin. This would obviously not be advisable because you could easily wipe your account over leveraging yourself.

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I am just considering Forex market so that i probably can earn my everyday money for my whole life if i read these 25 books about Forex , but before i study these , do i really need to get into this ? cons and pros, goods and bads ?

Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.

Forex is what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.

Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.

There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.

Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty.

I would recommend not trying to do Forex at all, unless you are a trained professional. It's like playing poker with people better than you, with the house constantly taking a small percentage from the pot.

P.S. I have never heard of a automated Forex program for home use that actually works, although a lot of people on the internet try to hawk programs they claim work. However, I am sure the professionals that constitute most of the Forex market have better programs that you are able to buy. Once again, you are playing at a disadvantage.

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I am Canadian & I am looking to trade stocks & open an account as stocks are really low, I notice Questrade review offers the lowest rates under $5 per trade with forex, gold, mutual funds & options trading… I also notice Questrade do run from time to time special promotional offers in form of coupons, deals, promo codes for new accounts.

If anyone is a current Questrade customer, please do post your comments as to how you rate them for service, do you think Questrade scam? Are they any hidden fees or commissions not listed on their www questrade com site?

If you live in Canada they offer the lowest price as of now, who knows may be in future new company will come that offers free trading, but till then Questrade is lowest. I do know couple of popular valid coupon codes that you can use…

Use this $50 coupon if you plan on trading less than 10 trades a month.

http://www.questrade.com/campaigns/affiliate_open_account.aspx?refid=bonus50

or

Use this coupon if you are day trader or someone who would be trading more than 10 trades a month.

http://www.questrade.com/campaigns/affiliate_open_account.aspx?refid=PromoCode-FREE100

They both are valid coupons, make sure you read the fine print of the coupons also. In case, you signup before March 2nd, 2009, they pay your old brokerage $150 in fees for moving your account to Questrade (also called transfer-out fee).

My friend has account with them & he likes it.

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Don't worry about forex. Candlestick charts are candlestick charts. You can still learn from the books even if the examples are in futures or stocks.

http://www.amazon.com/s/ref=nb_ss_b_0_11?url=search-alias%3Dstripbooks&field-keywords=candlestick+charting&sprefix=candlestick

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I'm looking for something specifically geared to precious metals like gold and silver, complete with a link to online prices and indices and hopefully a way to execute trades in real time.

Some investment groups offer this software for free or provide a free trial for a limited time period before opening an account. I've done this with currencies but not precious metals. Can you recommend a good source for me? Thank you!

Trade GLD or SLV (both are ETF's, Gold & Silver). Use technical analysis with a good charting package. It's the cheapest way to trade these metals and you don't have storage issues.

Use your stock broker. If you need a great platform with numerous order types and great charting….. check out ThinkOrSwim.com. All trades are in "real time".

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Have anyone who actually try it? Please tell me your experience.
You guys did nothing but promoting more auto robot to me!? show me your detail statement as prove.

Anyone tell me about what I wanna know, pls?!
I am talking about FOREX AUTOMONEY!!!! Not any other system!!
Thank you Samuel C!

Why nobody talk about this!? It has been online for so long!?

I hate Scammer!!

Let me show you some feedbacks from The Forex Peace Army that you can check here : http://www.forexpeacearmy.com/public/review/www.forexautomoney.com

"Would consider Forex Automoney to be a scam. Reasons:

Over a 2 day period, my friend and I test 5 trades each on the Intraday signals, 4 times per day (total of about 80 trades):

Percentage of successful trades: less then 80%
Total profit/loss: My account lost $540, friends account lost over $600

Also found that the online chat/customer service will only talk with you if you are thinking about joining. If you are already a member they refuse to talk and palm you off the contact via the FAQ and support tickets only"

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"this service is seriously a flop , they show something in their website and actual fact is something else . they show in the site SL 50 PIPS AND TARGET 100 PIPS , but actual fact is SL 50 PIPS AND TAKE PROFIT 7 PIPS.
i would like to suggest felix that they and the their site declares " forexautomoney" as SCAM .
i would never recommend this to anybody."

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"I am not happy with Forexautomoney they say you must cancel your membership 24 hours before the next due payment this I did and now $300 later I have lost it and all they could say was read "terms and conditions " Bloody scammers thats all they are Keep well away from them"

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"I tried Forexautomoney one month using a free FXCM board with 5000$ (virtual). I used the daily trading each business day, with stop and limite. After 3 weeks, 4800$ gone in smoke.
I think the system is not good.
To unsubscribe, go to "Support", go to section "Billing" then "clic "How can I cancel my membership ?".
clic "Terms of use". In this page go to "Payments" and clic "Membership cancellation page".
At the bottom page, there is a selection, choice the unsubscribe formula and clic. There will be other pages. repeat your selection and after 24h, clickbank will send you a confirmation mail you are unsubscribe."

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To conlude, this is complete scam !
Hope that will help.

Samuel.

http://www.ultimateforexreview.com

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When is the best time of the day to trade on the Forex.I'm in the UK.

Forex is a highly dynamic market with lots of price swings in a single minute. This characteristic allows you to enter the market many times a day and gain some profit from the trades.

I think the best time to trade in a day is at peak hours.

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