Also; Please ad tips for a starting trader. I seem to find plenty of web based platforms only to have limited tutorials or manuals backing them. I am currently running a test account with Finexo.

Help will be much appreciated.

If you are new to forex the best web resource by far is babypips.com. They tell everything you need to know, step by step of exactly how you can become a successful trader.

No I don’t work for them but I have found the site invaluable myself with my own trading.

Check them out and you will see what I mean.

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Might be nice if someone can simplify how it works. I am also looking for an automated forex trading system too.

Automated forex trading systems (robots) are just a tool. Like any tool their success ultimately depends on the person using it. There are many people that make a ton of money from forex trading.

If you are looking for the best forex software, visit this site

http://Make-Money-With-Forex.org/

This software is the best software that can help increase your trading profit and user friendly.

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hi i am akshay 22, jamnagar, gujarat, india. I am new to stock trading. Have never done it before but doing a lot of market research lately. Now before stepping into full real time trading, i wantt to first practise it in a demo account. But i am not sure there are demo trading accoutnts in stocks trading in india (although there are a lot in forex trading). Please tell me what a begnner should do in a stock market. Should i go to the nearest broker in my locality or open online a demat account with something like share khan or angel broker or india infoline. is it necessary to go to a broker and take his advise or i can get sufficient guidance online when i open a demat account. Please dont give vague answers. Tell me something on which i can really do something

for extra informtation i am going to trade with 1 lac capital and am more interested in nifty options. i want to trade only intra day and not long term or medium term

Try making your own account in an excel spreadsheet, or try wallstreetsurvivor.com

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A friend of mine told me he had just written a computer program to win money in Forex and it guarantees profit. How is this possible? Even if it is, why is not everybody doing it?
ps. my friend disagreed give any details about the program he wrote.

Hello,
I think your friend is having you on a bit.

There are no guarantees in investing or everyone would be doing the same thing.
However there are ways to reduce your risks by study,advice, automation, just a to name a few.

Please have a look at www.forexconnector.com and there are I think a dozen help articles to read as well as good products you might consider if you decide to trade.

I have traded since 2005 and to all the voices of doom that have given you advice- you can make a good living from Currency trading – you just have to understand it and be smart and single minded!

good luck

bill

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I have been reading about trading forex but I am unsure about the strategy I should be using. I have read about so many different strategies and they all claim to be the best and easiest. I was just wondering if anybody had any real experience trading forex that could recommend a good strategy to start out with.

Really a nice question …each and every individual is different ..so out of so many methods select your own …which is profitable and suits to your mind set ..seek assistance from any senior trader or stock guru and then stick on it and keep on modifying it till you wont succeed … If you are looking for the best forex software, visit this site

http://Make-Money-With-Forex.org/

This software is the best software that can help increase your trading profit and user friendly.

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I used to trade Forex when I made a $35K from $7K and then lost it all.
I see a total difference in the approach with the same broker – now and then
Earlier I could make money & now any kind of Trade gets automatically stopped out.
I wonder if there is a catch and the whole MT4 software is "gamed" .
In the sense that – on lower time frames , if your broker takes positions against you or goes stop hunting , none of that need reflect on higher time frames.
But if you trade on higher time frames , you will get stopped out by your broker on lower ones and they can easily hide it.
E.g. if there is a Spike that stops me out in M5 ( MT4 platform )
that spike is nowhere to be seen on M30 , H1.
Because there is no way we can verify that the spikes of M1 actually add and make the picture that we see ( the "zoom out" or gross view ) on M30 and so on.
Is this just trader paranoia that he is failing because of broker manipulation ? or there is some truth to it …..
Is it possible to make the tonnage you dream of in Forex with education or your going to be logger heads with broker manipulation all the time.
If Forex is broker manipulated then are there situations where you and the broker can both make money or for the most – the broker is only interested in tanking your ac ?

I agree that things have changed in the last couple of years. The short answer is that the markets have become more volatile. There are many 1 min bars of 10 or 15 pips in length that go both directions if you watch them real time, and there are a lot more long tails on the candles in both directions. And after a report or during fast markets, the range can expand to 50 pips in either direction.

You’re probably placing your stops too close to the market. The market makers are good at picking stops from the little guy that can’t afford to lose very much. Also, try not to place stops where everyone else does, where they accumulate, and ASK to be run in a big group. Price finds the greatest volume.

Switch to Forex.com or one of the bigger brokers if you think that’s the problem, but it probably has nothing at all to do with the broker.

Decrease leverage and increase the distance of your stop away from the market to a disaster level instead of just a few pips away.

I’ve started using mental stops and wait for the 1 min bar to close before I manually stop out. But you have to be aware when the reports are coming out and you’re at greater risk of a big run against you. Thus the need for a disaster stop far away from price.

You don’t say which pairs you are trading, but you have to trade the high volume times of day if you use a hard stop close to the market. The GBP is the worst for picking stops, the EUR a little better. I trade from 1:00 am to 4:00 am CST and 7:00 am to 11:00 am CST. The rest is a different ball game.

I prefer forex futures to the spot, and get better fills, but the volatility is the same and I trade both.

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USA, UK and Canada also have large slums.

Check this list of Happy Planet Index:

India 53.0

United Kingdom43.3

Canada39.4

United States30.7

http://www.answers.com/topic/happy-planet-index

http://www.happyplanetindex.org/

The Indian rupee has been among the most stable currencies against the US dollar compared to its Asian peers. Relatively low dependence on the US, and a lesser impact of rising global crude prices along with exchange rate controls, have prevented the Indian rupee from appreciating as much against the dollar as many other Asian currencies, said forex analysts.

http://www.financialexpress.com/old/fe_archive_full_story.php?content_id=74800

The fifth and the sixth currency systems — managed float and full float — each account for 22 per cent of the world’s currencies. Currencies in managed float are more stable than those in full float. The Indian rupee is the world’s most famous managed float currency. The US dollar and the British pound are in full float. Currency stability is an issue that these floating systems have to reckon with. Their central banks are not charged with the responsibility of setting the strength. The currency markets set the strength.

http://www.thehindubusinessline.com/bline/2007/02/24/stories/2007022400050800.htm

Get ready for the Indian rupee – Forex – Futures Magazine

http://www.futuresmag.com/Issues/2006/5/Pages/Get-ready-for-the-Indian-rupee.aspx

My Dear Pro
Western countries think not at all ever about
the poor countries,they know only how

to squeeze blood of poor countries.

Rich countries consider whole Asia is a big slum !

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I want to start off with Forex Trading. I want to know the genuine website for Forex trading. Only the names of forex brokers which are non dealing desks. Please get back to me ASAP.

The word "best" is a relative term, to which you do not illude; best spreads, best trading platform, best executions? A lot of beginners consider lowest spreads to be "best."

Whether forex brokers are "non dealing desks," I do not know, but easy enough for you to check out.

Spreads are fairly equivalent throughout the legitimate industry. That is not the most important question.

Your trading platform is most important, with a good data feed. Executions are more important than the spread, because they can eat up your penny or two spread difference on just a few trades if they’re sneaky. The rules they apply are more important than any spread difference. I had one forex broker at FXDD that wouldn’t take market orders in a fast market around reports. Incredulous.

Anyway, the best way to take a look at forex is to download NinjaTrader for free, and use the simulator that comes with it. The futures and forex datafeeds are free also.

http://www.ampfutures.com/index.php

The futures and forex data feeds are free. I get better fills with forex futures, but have NinjaTrader with forex spot installed on a separate computer and trade both. Futures margins are less than anywhere I’ve found, at $500 for forex futures and emini S&P and Dow. AmpFutures uses Dorman for their futures broker, and the Forex spot account is through Forex.com and Gain Capital. The Ninjatrader people will set you up with all of it.

I’ve tried several forex brokers and trading platforms, but Ninjatrader rocks, and it’s free

I’m pretty sure Thinkorswim also allows trading of forex futures. In fact, most futures brokers will trade forex futures.

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