I have ten years of experience trading forex and would like to teach people how to trade. Also I have BBA in International Business with a minor in economics. I have a solid background in International financial markets, and economics.

What would be a fair price to charge potential students for a 6 month "course" or mentoring? I was thinking $2,000 paid upfront would be a fair amount. That would make it $41.67 per meeting. We would meet twice per week for six months. I would not trade or manage accounts.

I have been teaching one person for free for the past two weeks and he has realized a gain of 45% in that time period.

Please advice as I have a few potential people that are interested in my service.

There are many forex scams; robots, tip services, etc. Many attempt to advertise by spamming Yahoo Answers in violation of the Terms of Service.

If you are legitimate, your first challenge is to differentiate yourself from all the thieves.

Citing academic credentials and professional experience is good.

Claiming that someone made 45% in two weeks is NOT effective because it looks exactly like the silly claims made by the scammers. You know that it is not even remotely representative of typical results, so why even mention it? Don’t cite any returns unless it is backed by an independent audit that would satisfy a securities regulator.

Ask your interested parties what they think is a fair price.

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I want to try forex trading, I don’t know how to start, I want somebody who experienced it to share with me his/her experience

Forex trading is profitable if you are able to abide by three simple rules:

1) Stick to one or two strategies that work year in, year out.
2) Apply good money management techniques. This means you should never expose more than 3-5% of your account to the market at any given time. This way, a losing trade will not damage your account irreparably.
3) Aim for a reasonable profit margin of at least 40% monthly. Some people say that aiming for up to 40% is suicidal. My experience has shown that if you have a good strategy (and I have seen a blog where there are more than 30 strategies to choose from), some of them can deliver up to 100 pips over 2 days of trading, if the trader makes the correct entry and follows the rules.

For me, I do not trade every day. This is my 6th year in the market. I have learnt that good strategies, applied with good money management, is what makes the difference between success and failure.

You need to get access to strategies, and use them. One of my favorites is using crude oil to trade currency pairs involving the USD, JPY and CAD. When you understand such relationships, you understand why things happen in the forex market.

When you understand why a credit rating downgrade in a Eurozone country causes the EURUSD to drop in value, you are already on your way to knowing how to trade forex profitably.

When you understand that the CHF is a safe haven currency and that when bad things are happening economically in Europe, a SELL position on the EURCHF can rake in 1000 pips (as happened in Nov 2010 because of the Irish debt problem), then you are on your way to trading profitably.

Forex trading is profitable. Just like a door has a key which locks and unlocks it, so also forex trading has keys. You need the keys to be able to unlock them.

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Check out http://comefollowme.zulutrade.com

If gives you a long list of over 8000 different Forex strategies by different people, all free to use. Very helpful and I highly recommend checking it out.

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I am an Indian resident.I am in to online forex trading with a foriegn broker. Say if I have a profit of 1 crore in the forex account abroad.Do I need to pay tax in India for that 1 crore? or If I transfer 20 lakh to my Indian savings bank account in a financial year from the forex account abroad, What will be my taxable income ?? 1 crore or 20 lakh ??

Say in different way:: If you eput 100 USD onto forex account and after a trade you decided to pay out 90 USD from your forex account you did not earn any extra money (you did not generate any profit). No profir= no tax. But if you used this same amount of money (100 dollars) and you earned 200 and you decided to pay out 200 and you left on forex account your 100 still, you should pay tax, because if you got more money that you paid in – this is your income. If you had 100 USD on forex account and now you have 101 it means you earned 1 USD and you must pay tax from 1 USD in your country after transfering money to a bank. If your country takes 30% tax from the income you should pay 30 cents tax. But I think money on the forex account is safe – as long as you have the money there – you can treat it as your investment (not as loss or income). The income is when you take more money out of the account. Is that logic? Be careful. Some governments may wish to take your money (as a tax) even when you did not finished your trade (for example tax from each plus transaction you finished on forex – but this is unfair -when the money is still in trade they are not allowed to take any money from you. Forex is not like a shop where you generate profit with each sale. Forex is like a bank – bank counts tax as a yearly income from your earning multiplied by days. In forex nothing is stable and not all transactions will be profitable. Therefore governements should not be allowed to ask for any money when the money is on the forex account (even if you earned 1000USD). Example : I have done trade on forex and opened many short transactions. Everything was good and I secured them by opposite long transactions. For month I invested 12000 pounds and my profit was 3000-5000 pounds. But this money was still invested. One day I was not carefull and I was bored with the situation and decided to unblock some of the secure transactions to make big profit quick. But only because I unblocked to many opposite transactions – my balance soon was ruined and I have lost all. (I was not pacient enough). No country can ask me for a tax because there was not profit at the ened. But also for example one month earlier they were not entitled to ask for the tax when the transactions has been opened still. I am not shure how is in your country. Be carefull.

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I am new at Forex trading, but there are a lot of Forex brokers out there to choose from.
I am looking for a Forex broker that is trustworthy to trade with.

Thanks

There are so many forex broker companies and so many features to take into account that it seems difficult and confusing for beginners forex traders to choose a forex broker company, which fits their trading needs. If you search in Google, you will find many websites that compare forex brokers but you will find out that there are a lot of controversial reviews and comments. For example you may read a comment for a broker which will say that it is the best company there is and then another one that it says that the same company is a scam.

The first thing you should check is if the broker is regulated by an official organization and then when you exclude those that are not regulated you should decide what type of forex broker you will choose.

The two main types are Market Makers (MM) and ECN (Electronic Communication Network).

Below are the advantages and disadvantages of each type.
Market Makers (ΜΜ)

Market makers act as a middle man between you and the ECN. They have a fixed spread (with the exception of extremely volatility moments like news releases) and they make money from the difference of the spreads that they offer you and the smaller spreads that they get from the market and the ECN. They do not charge you with fees since they make their profits from the spreads.
Advantages of Market Makers (ΜΜ)

- A plethora of charts and technical analysis tools

- User friendly platform, easy for beginners

- Free news feed

- Most of them offer a mini or even micro forex trading account. (this means that you could open an account even with a few hundred dollars)
Disadvantages of Market Makers (ΜΜ)

- They may trade against you (The majority of MM use hedging to counter your position so you have nothing to fear but there are some small ones that take the opposite position to your trades which leads to a conflict of interest between you and your forex broker)

-Some of them do not allow scalping or making many trades in a short time of the day

- Slippage: you may not get the displayed price if they cannot match it on the ECN (slippage can be huge during news announcements)

- Prices are usually not as good as ECNs.
ECN Brokers

ECN companies run a huge online network that brings together prices supplied by all kinds of traders, from banks and financial institutions to retail traders and even other broker companies like the Market Makers. There is no fixed spread but there are bid and ask prices which are displayed in their forex trading platform. The spread depends on what others traders are offering. For very liquid pairs like EUR/USD and USD/JPY there could be zero spread during times of high trading volume. ECN brokers do not earn money from the spread, instead they charge a commission or fee on each transaction or on an amount of trading volume
Advantages of ECNs

- Best prices

- Better for scalpers and day traders, since they normally do not object to scalping and day trading

- Less slippage during news releases and moments of high trading volume

- Best prices
Disadvantages of ECNs

- They may not offer so many charts, indicators and news notifications

- Variable spreads makes it harder to estimate your risk and profit when setting stop losses and profit targets.

- Trading platforms are not user friendly

-Minimum deposits are too high for the beginners

-You may have to pay for charting services

To sum up: ECNs are chosen by most professional traders but they are probably not the best choice for the beginners since minimum deposits are too high and it is not easy to use their trading platforms (at least in the start) but if you start making consistent profits and becoming a professional forex trader it is advisable to open an account in an ECN broker and take advantage of all the benefits. Market makers are probably the best choice for beginners since even someone who knows nothing about online trading platforms could start trading after some minutes and additionally you can open an account only with a few dollars. Before you choose any forex broker company and start trading with real money you should first open a demo forex account and test the trading platform of the forex broker in the markets conditions but without risking your money.

http://www.opportunitiesplanet.com/forex-trading/choosing-the-right-forex-broker-company/

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Well I’m an immigrant from Russia. I moved here as a kid with my mom. Growing up ive been pretty alone. Im very independant for better or worse.. I dropped out of high school when i GPA went down from 3.4 to 2.7 even though i went to this placement and got straight A’s my GPA went down i said screw it. SO im starting community college and then transferring to a university. University of Illinois, Depaul, Miami University, and Syracuse happen to be my top choices. I have a mind for business/math. I’m not in anyway academically challenged. I can get straight A’s no problem if i just set my mind on it. The stock market is my passion. I think of myself as a George Soros type. I will transfer with a high GPA and phi tetta kappa honors society membership. When i transfer i will join business/trading clubs. I will network and land a trading position at some firm in NYC or Chicago. Then i will return and get my MFE at an ivy league school. Then I want to go on to hedge funds and eventually start my own and manage billions of dollarrs. This would be success for me. Its my dream that ive had for 5 years now. I want to be able to live and travel work for myself no answer to anyone. Financial freedom through something i love and do well …. now does that plan sound good? The ivy league part for my masters is so i can network and raise billions thats the key.. if i cant go to an ivy league ill be stuck in the millions, still that would be plenty.
I’d hate to be in investment banking or something similar. I’m more into risk/reward business. Venture capital an interest. Poker my hobby. Forex,Stocks,Futures, options trading is my main focus though.

btw im working at mcdonalds saving up money. I just turned 20 and dont even drive a car as i see it a financial blackhole with not profitable outcome. And ofcourse live with parents who are helping pay for community college but when i transfer i will be on my own…

deep inside all day everyday i feel that i will succeed… despite recent loses in poker and forex im still opptimistic. No matter what happens i will still believe. Im a very hard worker and ofcourse passionite about finance. I have a good chance right?

The key to success is passion and it sound like you have plenty.

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I have a fiar bit of experience trading forex. I decided to change my broker because their platforms kept freezing up. (OANDA)

I am finding that even the best brokers only rate in the 63rd percentile for satisfaction.
Someone is using a great forex broker somewhere. Does anyone know who that great
broker or brokers is/are for small accounts? Thanks

Dukascopy is the best broker i know. Bur their minimum account limit is $1000 (if im not wrong).

If you dont have that money, you can try FXCM as others suggested, or IGmarkets – which i personally tried and it was a good experience.

Good luck.

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is it the methods of margin trading and leverage? and which is better.
i mean in forex u can trade few commodities as gold for example, but u can trade also commodities through the futures exchange like CBOT And COMEX, so whats the difference?

Forex Trading is the direct buying and selling of currencies in the market. Its trading at the spot price.

The Commodity trading of Currencies involves the Futures trading market. There, its all about buying and selling of contracts with a price tag for what its worth at a date/time in the future.

For example, in the Forex market, you might want to sell USD for a CAD. At that moment in time, you will pay whatever the spot price is. In the Futures pits, you’ll be buying a contract for 100,000 Canadian dollars at a price they might be trading at in July. So as the spot market price changes, your futures contract’s value changes.

Either way is good, but I’d say the Futures Market is better because you get more leverage and protection in trading than on the spot market.

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how about IF I just want to take money from marketiva, the 5 dollars free now?

might want to read this article

http://proforex.blogspot.com/2006/05/marketiva-good-or-bad.html

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I have spent 4 years and thousands on learning everything about trading forex. But when I come to trade the market for real I still just lose money. I know enough to write a book on Trading Forex yet I still can’t do it.
Surely there is a real professional forex trader who could tell me how to trade forex profitably?

There are two "phases" to learning to trade forex – or any market. Firstly you need to learn what it is you need to know about the markets to give you the knowledge to trade. Most people don’t even get this far as they skip straight to the "get rich quick" part!
Certainly sounds as if you have completed that phase though.
The second phase, and where you seem to have a problem, is putting what you have learned into action to make money from trading forex. That requires yet more knowledge and learning combined with practice – preferably overseen by a professional forex trader. Please see the link below as I do offer personal assistance as well as advanced trading courses and have done so for 5 years.

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