I have heard about the Forex Megadroid program…what do you think??
They claim to automate the process of trading forex and claim high returns? Does it really work? Is it a scam?
Well some people claim it's a scam…
This one website claims that a beta-tester revealed it to be a scam…
Check out their report on their site:
http://www.ForexMegaDroidScam.com
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Can someone explain in detail how forex trading can be done from home in order to earn some additional income? Too, what is involved or needed? How much is needed as an investment?
I would check out fore forums.
Like babypips etc.
However make sure you understand every aspect of the forex game, because it is hard to earn good money if you don't know what you are doing.
Maybe another option for you is to let someone else manage your account?
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Do you know any Philippine online forex brokers? Pls post the links if you do. Thanks
butch, you may check out this source. it will lead you to one of the leading forex brokers these days which have regional offices in various parts of the world including Manila, Philippines. one good thing about this site is they provide personal service to their traders via phone, email or chat via a personal Account Service Manager or ASM. if you live in Manila, then you can simply call your ASM or even visit their office for a live, one-on-one chat. lots of Filipino traders are using this platform to trade forex. one of the reasons probably is the ease they feel talking or chatting to a Filipino ASM to discuss their terms and or concerns. all the best.
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Looking for a unique (even experimental) system for forex and currency fx trading that works seamlessly with Metatrader 4. Interested in your own recommendations and tools that work at the beginner / intermediate level.
I use Forex Tracer for currency fx trading. It works with Metatrader 4 and is pretty good for someone who understands the basics of how forex markets work.
It's excellent at mining forex markets in real time and bringing back profitable spreads on currency exchanges. For an automated forex cash system, it's a goldmine for traders at the beginner to intermediate level. The ease of use is legendary.
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Hi everyone!
I am relatively new to forex and have only just found out about all these automated forex robots and such that are supposed to really take a lot of the risk out of forex trading. There are so many though! Can anyone suggest like a good one, based on personal experience?
Thank you!
anav, A good forex system means you need to constantly have high probability trades. You also need to be aware of all the currency pairs in real time. Maybe this blog can help. http://www.whatisforextrading.com/blog/ Remember, no trading will be full proof, so be cautious about the claims some trading systems make.
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I am just now looking to invest some money in some penny stocks and such. Nothing serious, just a couple hundred bucks or so….just to learn how it works and get started. Which platform should I use with regard to making LOW DOLLAR AMOUNT TRADES… Scottrade, etrade, ING, forex, etc….
When I say low dollar amount, I mean around $200.00 per transaction…that seems like a good dollar amount I can learn the ropes with.
I think this site, sogotrade is pretty decent, $3 per trade, and gets 100 free trades.
http://www.sogotrade.com/Default.aspx
good luck my fd.
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In theory, floating exchange rates were supposed to allow economies to reduce trade deficits by letting the currency adjust. A weaker exchange rate would drive up the cost of imports and make exports more competitive, thus reducing deficits. Under fixed exchange rates, the economy would have to be constricted to eliminate imbalances, reducing imports and lowering prices to make exports more competitive. That's a more painful process than the seemingly benign adjustment of the exchange rate to bring things into balance.
That's what the textbooks said anyway. The reality has been more complicated.
It's the flow of money that dominates the flow of goods, not the other way around. Governments, moreover, manipulate the quantity or the value of money to their ends, which is also outside the textbook model.
The rest of the world holds dollars as investments. Foreign central banks use dollars predominantly for their reserves. Dollar-based financial markets are the deepest and biggest in the world. In other words, the liabilities of the U.S. are the main assets of the rest of the world.
This has conferred on the U.S. something that King Midas couldn't imagine. We can effectively print dollars and the rest of the world takes them. Imagine what you'd do with a money-printing press in your basement. You'd spend like crazy on stuff. Or you'd acquire real assets, such as houses.
Extend that notion globally. Since the rest of the world takes our paper money, we get to acquire their products or assets in exchange. As a result, America can spend more than it earns and save less than it invests. The difference is made up by foreigners accepting our dollars and lending them back to us.
The clearest example is China. Its massive trade surplus with the U.S. gives it boatloads of greenbacks. The textbook says that would make its currency, the yuan, rise, which would make Chinese exports dearer in world markets. That's the last thing Beijing wants as it tries to keep the economy growing at 8% to provide jobs and maintain social stability.
So, China's central bank accumulates billions and billions of dollars, which it invests in U.S. securities. Much of that money went into Fannie Mae and Freddie Mac securities, which in turn helped finance the U.S. housing boom. But the bulk of China's dollars went into U.S. Treasury securities, which helps fund the budget deficit.
Americans should realize that the nation's most successful export isn't Coke or Boeing airliners or Microsoft software or even Hollywood films. It's the dollar, which is accepted around the world as a store of value.
Under the current floating exchange-rate system, the U.S. wasn't limited by the gold in Fort Knox as to how many dollars it could issue. It was limited only by the willingness of the rest of the world to accept greenbacks in payment for their goods and services.
But, for the first time since the early 1970s, America runs the risk of being constrained by international considerations. Nixon could get around them simply by abrogating the promise to maintain the dollar's value in gold. Now, America's main creditors could impose the discipline on the U.S. that gold couldn't.
Poll: Agree or Disagree?
Source:
http://online.barrons.com/article/SB123793604883731531.html#mod=rss_barrons_markets
Very good BUT you left out that the party which lost power now believes that its route back to power is to sink the US economy so they can say "I told you so" and get their people elected again. Yes, the economy is rough but we have now a group of leaders who truly want to solve the economic problems not just blame others for what they created.
Well, there goes the dumb blond stereotype!
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Trying to get started in the stock market trading and i want to know, did anyone hear of these software. And what is the best way to get started with trading with the stock market. What about share builder.
Have not heard of share builder, so not sure about that one.
There are a ton of forex robots that are promoted all over the place. Some work, and some dont.
What to avoid, though, is any stock trading program that talks about penny stock investing ("Double your money daily with Penny Stock Picks!"). The catch on these programs is small companies actually pay the website owners to send out their stock as a "pick of the day."
So naturally, when hoards of people buy that stock pick, the price is artificially driven up over a quick period! This is not only illegal, but most people will never profit from it because the price crashes back down virtually as fast as it went up, before people can get a "sell" order in place.
Forex robots, though, are different. If you do decide to use one, make sure it has been back tested and also shows you live results (to show it does work). There is a forex robot review site that I have used before here: http://www.squidoo.com/forex-robot-reviews
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the program is how to play forex market , is it wort it? are there
any other programs?
There is a lot of fluctuation, play the market is risky
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A lot of talk has been back and forth about this interesting trading system, some say "Bad" others, "it's true" or "Scam". I would like to hear from those that are actually trading this thing, in particular, the "Russell Sands Turtle Trading" Forex- currencies and followed the exact plan. I personally have no experience in trading Forex (currencies) but have traded options for some years. Since our economy is soooo… "beautifull", I am looking in other ways of making a living. Again, only persons that have used or are currently using this system. Much appreciated.
Russesll promises a lot and delivers nothing. Of course, he does not have the "secret" to investing. If he did, he wouldn't sell it to us. I wish i had never heard of him. Avoid his Turtle Trading..
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