Hi all.. i am doing forex (currency trading) trading in india through fxstreet.com and i am using metatrader 4 as trading platform. i couldn’t predict the market. when i was trading with demo account everything comes in benefit. but i started to do real trading.. i couldn’t do it with gain. i couldn’t predict. please someone help me to know the market. is there any software to predict the market. please help me…

no body can predict
lol

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What is the best platform to trade real forex? I mean, considering most of the features, like if its trading software is good, if it’s reliable, if the money transfer of deposit and withdrawen is fast, if it’s convenient to do trading with it, if the support is fast and effective, and so on and so on.

Is there any good platform support Paypal or has european bank account?

Thank you for informations. I’m planning to do real trade, but first only with a mini account.

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It seems the things in investment are pretty easy. I can master them by reading books and newspapers and the internet of course. I read the CFA paper and they are common sense to me who have learnt 3 years accounting and economics in high school.
I know in setting the price of options you need statistics/math. But to become the next warren buffet i know i don;t need that.
So i can be a hedge fund group CEO and investment bank CEO/CFO without college degree???Is that possible?
Instead of wasting time in college to learn what i already mastered, why not just earn some money and invest it?

Don’t underestimate what you don’t know. All a college degree does is give you exposure to various concepts and techniques, basically providing you with tools, it’s up to the individual to make use of the tools. It certainly isn’t necessary to do well but it improves your chances tremendously if you approach the topics covered in college from the perspective of how can you apply them. You’ve already demonstrated that you don’t have that perspective in your assertion that statistics and math is only needed for pricing options.

The Black Scholes equation is an application of differential and integral calculus using the concept of a random walk to calculate probabilities of future stock prices. It certainly isn’t just limited to pricing options. It can be used for everything from sizing investment to portfolio money management. Pricing options is simply one demonstration of how those tools can be used.

True, for many, college is just wasted time in that they do not learn how to apply what has been presented to them. The same is true about high school and junior high. Indeed the calculus required to understand the Black Scholes equation was actually taught in high school level calculus but few people learned how to apply high school calculus till University or later. You say that you took 3 years of accounting and economics in high school, no doubt you learned numerous annuity, savings, discounted cash flow, future value, present value equations, would it surprise you to hear that all those equations are really just two equations that you learned in junior high? So why did you waste your time in high school? It’s because you hadn’t learned how to apply the two fundamental tools that you had already learned.

If you’ve truly have mastered investing then there’s no need for college but your very question demonstrates how little you have mastered.

College is no guarantee that you’ll learn what you’ll need but a failure to acknowledge how much you don’t know is a good indication that you don’t know what you’ll need.

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So…sort of as a part of my new year’s resolution – i am now hesitating between 2 potential ideas that i plan to develop – aside from my day job. That is:

Idea no 1: A website which charges just $1 commission for trades on complex financial instruments: Like CFDs, Forex Options, Bonds, etc.
Problems with this idea: At least a few hundred thousands to start with since even a license in Antigua and Barbuda for such thing would cost $50k + and i need also substancial capital to cover leverage. But i have just about $40k to start with and my credit rating isn’t good to hope for a bank business loan.

Idea no 2:
A professional finance software program: which tries to predict stock prices via neural networks. The same program will test strategies on historical data and calculate things that aren’t available online: Like SABR volatility or Bond option prices.
Problems: Do people really need such things? I guess most traders are cocky enough to believe that they need only a chart and a wikipedia article to become a succesfull trader?

So…what do you think? Any advice will be of great help!

10x and happy new year!

1 one is out due to reason you mentioned.
#2 is plausible – Maybe! Think through what you would need to do to have it be sale-able. Target your market and design and build the software for that market, test it and ensure that it performs well, then get a few millionaires to swear by it on camera, then market it and then sell it en mass.
Your outlay in time and money will be vast. If you try to do it all yourself, by the time you have a working product the market may have changed. I think that your idea is too far removed from being sales ready to make it doable without huge cash investments. Think of something simple and easy. You don’t need to do something earth shattering- just make a good, plain jane product or service that people will enjoy or find indispensable. Do yourself a favor and pick something more manageable. Starting a business is easy, making it successful is HARD. It takes vast amounts of learning and time. Don’t practice by blowing your whole wad. Practice on an easy test project. Make some little freeware plug in and if it works, build onfeaturess and cross sell them to that customer base.
Business ain’t rocket science; it’s just focusing on the same simple things and doing them well over and over again. Define success, automate your sales, ensure quality control, marketing never stops, build metrics to track employee productivity and reward the best, find good people to help you and repay them with loyalty. You can’t do it alone without wasting tons of time.
Your first focus should be sales, sales, sales, sales. If you can’t make sales you can’t ever make money. Reading: "Cashflow quadrant" by Rich Dad, Poor Dad; "Ready, Fire, Aim";"The Effective Executive" Druker;"The Art of Transformation", Gingrich & Desmond

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So…sort of as a part of my new year’s resolution – i am now hesitating between 2 potential ideas that i plan to develop – aside from my day job. That is:

Idea no 1: A website which charges just $1 commission for trades on complex financial instruments: Like CFDs, Forex Options, Bonds, etc.
Problems with this idea: At least a few hundred thousands to start with since even a license in Antigua and Barbuda for such thing would cost $50k + and i need also substancial capital to cover leverage. But i have just about $40k to start with and my credit rating isn’t good to hope for a bank business loan.

Idea no 2:
A professional finance software program: which tries to predict stock prices via neural networks. The same program will test strategies on historical data and calculate things that aren’t available online: Like SABR volatility or Bond option prices.
Problems: Do people really need such things? I guess most traders are cocky enough to believe that they need only a chart and a wikipedia article to become a succesfull trader?

So…what do you think? Any advice will be of great help!

Interesting ideas. If you need investors, let me know. I’m always interested in putting some of my money in ideas like these.

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