I think the best automated forex trading robot is Forex Ambush 2. They have a lot of good testimonials from their users, and boast of an almost perfect record. The trades come to your email every day, so it’s very simple to use. You can paper trade with this first and if it’s not working for you you can get your money back.
powered by Yahoo Answers
Hi i know alot already about investing and trading, i have spent way too much time reading and learning the subjects. I am almost 20 years old. Next year im starting college. I wil major in finance and international business, once i get out ill get a good paying job. Ive already started saving a little bit of money and trading stocks/forex for now. For the past 5 years i have easily out performed all indices and most hedge funds, all mutual funds. I use trend following simple very simple. look for trends cut loses at 5% let profits run… even if i have more losers than winners this strategy allows me to come out ahead, this is what great traders do anyway. i want to work at a hedge fund or prop firm and start a roth IRA, and let my compound interest in stock trades/investments make a millionaire by the time im 32 and double digit millionaire by 40. does my plan sound good?
For forex trading, this should help you be in the top 5% of the forex traders community
http://www.asiaforexmentor.com/afmpriceactionforexcourse/
14 years of Full time forex trading experience,
Asia Forex Mentor
Ezekiel Chew
http://www.asiaforexmentor.com
powered by Yahoo Answers
Will you share? Thanks before
Probably not the right category.
powered by Yahoo Answers
We are 2 partners looking to launch an Offshore Forex Fund for European and Latin American investors primarily.
We are would like to know how the structure needs to be set up since one of us is based in the US and the other in a European country.
So far we understand that the management company should be in an Island (Bahamas, Cayman…).
- Do we have to open an Advisor in the US and a Research in the European country, so we both can get paid by the main Management company?
- When opening an Advisor in the US, Do we have to be registered with the SEC?
Many thanks
1) In the US to trade FX, you (almost) need to have a company registered as a CTA or a CPO and have at least one registered person in the group. This essentially means that you send a small amount of money (<$1000 total) to the MFA. Then someone has to go pass the Series 3 exam. Passing the Series 3 exam should be very simple. You could get out of this step if you were just going to trade Interbank bank markets, never EFP, etc. but it’s just not smart.
2) The domicile of the "management company" is not so important, however if you want to do this I strongly urge 2 management companies of which you are both equal partners. One management company owns the intellectual property and the other is the GP in your fund and gets allocations from others investors. If you separate ownership of the intellectual property from the way you get paid, you get a structure that will save you endless hassle as you try to expand.
3) In the US at least, you don’t get taxed on the trading profits and management fees allocated to the GP of the offshore entity until you repatriate the money. There is no reason to have an entity in the US to get paid. You just do a distribution from the GP of your fund to each partner by wiring it into your bank accounts offshore (BTW – unless you are loaded with money for start-up expenses and care about the prestige, I think British Virgin Islands is the way to go – prestigious enough and lots less money for start-up than Cayman, Bermuda, etc.).
4) Eventually you will have to be registered with the SEC when you get enough money onboard if you have an Advisor in the US. There are exclusions for small funds. I personally believe that you should welcome SEC supervision because it is not too onerous, it’s actually helpful to think of all the things that the SEC requires (they care about policies and procedures and trading FX is simple if you do 20 things right but doing any one thing wrong enough can kill you so policies and procedures are things that should be near and dear to you anyway), and SEC compliance is good for investor confidence.
Good luck!
Edit: Disagree with spirit. I went through this myself and the problem is that the information you need is expensive and not worth the money. Digging it up on places like this is smart.
powered by Yahoo Answers
Can you help? Thanks before
Download the best forex software that can increase your trading profit automatically from this site
http://Make-Money-With-Forex.org
powered by Yahoo Answers
day trading (stocks or forex or commodities etc) does it work? what do you think of it as a career?
10 points for the best answer
Do you have the recipe to become a day trader? Day trading is not, I really mean not gambling. No body in this world has experience in stock trading. Experience only applies to something that the occurrence is repetitive and can be tested and proved.
As a day trader, you have to have good memory, good analytical skill, rapid decision and knowing how to correct your mistake once you’ve made a wrong decision. One last advice I want to give you, in stock investment, the key thing is quick money, not big money. Why? Because when it comes to money, if you don’t take it, someone else would. Don’t let the profit slips away between your fingers.
powered by Yahoo Answers
Where can i get free SMS of forex alert ? (not tryal verson)
I doubt that you can actually get FREE alert, there are no free lunch in this world. However, you might want to check this out, with a minimal of fee, you can get excellent all rounded service from them.
www.onlineforexnewbie.com/goodstuff.html
powered by Yahoo Answers
i think they’re called the market makers
Basically this is how it works, brokers are able to monitor n notice where are all the stops placed, so they can easily place an order against ur stop. Eg, if u place a SELL stop @ 1.3000, they can place a BUY trade @ 1.3000 against you to trigger the trade… hope this answers ur question.
powered by Yahoo Answers
Go to a library or bookstore. Then if there’s something you don’t understand, ask a question. For a forum like this, you really need to be more specific.
powered by Yahoo Answers
I am a beginner and I want to start trading forex. There are alot of complicated trading guides. Can you recommend me with a simple forex trading guide?
How about just avoiding Forex altogether? Currency trading is a highly speculative investment not meant for novice investors. The fact that you ask for a trading guide indicates you have little to no trading experience. Put your money into index-based mutual funds and try reading up on the world of investing before choosing one of the riskiest investments around.
powered by Yahoo Answers