He’s got blinders on after spending two grand on a "class." He wants no negativity, he says. But simple math tells me and should tell him that his capital investment will never make his online "labor" worth more than $5 an hour– and that’d require a 60 hour work week and NO LOSSES.

How to educate him without alienating him? Is there a website certain and simple?

There really is nothing you can do. He is determined and will resent your interference. The three things in life that are additive to men. Women- drugs/alcohol- gambling Not all men are additive to all three but each has its own power to destroy. He is on the gambling faze. Let him loose his money and you should learn and realize the power of the three of them. I have one friend who has all three mess him up. He smokes marijuana daily for 25 year, has traded futures for over 10 years loosing untold thousands and has a wife, soon to be ex-wife that is going to take what ever he has left.

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Okay, so, currently I’m 18 and I’ve looked into different possibilities of how I could become a millionaire using the forex market as my vehicle. I have discovered that using 1:100 leverage or even 1:50 – 1:25 is a bad idea if you want to be safe about it, and using a more modest 1:10 leverage instead is best for my chances of success.

What I’ve also discovered is that the forex markets trends last months or even years. So, my plan is as follows:

1) Start with $1,000 in my new forex trading account.

2) Use 1:10 leverage always to reduce a lot of risk.

3) Use a stop-loss of all my trading capital in every trade.

4) Keep the minimum take-profits as long as its more than what my commissions would be.

5) Just follow monthly chart trends, i.e. if the trends gone up for the past year on a yearly chart, and it shows it in a monthly chart that its going up as well, just follow the trend up along with it and keep on going up until I think its going to stop going up by taking advatage of lots of small take profits along the way.

6) Be aware of economic news and reports.

Example:

Say the GBP/USD is trading at £1.0000-$1.5000, and I place a bet to buy GBP/USD at this price at a 1:10 leverage, or $15,000 worth of pounds, (£’s) and I set a take-profit of, say, $15 or 10 pips and a stop-loss of my whole $1,000 and and keep on doing this, taking profits by trend trading and make this same $15/day for the 6 days the FX market is open a week, or $90/week x 52 weeks = $4,680 in 1 year + my original $1,000 = a 568% return for one year.

After I have achieved my 568% for 1 year, reinvest all capital and get another 568% compounded on top of that. So, it works as follows:

year 1) $1,000 up 568% = $5,680

year 2) $5,680 up 568% = $32,262.40

year 3) $32,262.40 up 568% = $183,250.43

year 4) $183,250.43 up 568% = $1,040,862.40 = USD millionaire

year 5) $1,040,862.40 up 568% = $5,912,098.74 = USD multimillionaire and GBP multimillionaire, or £3,829,025.15.

What do you say here like? Could this plan work do you think?

You’re catching a falling knife. Just buy some gold and let it set for 5 years. That or short some bonds because interest rates are going up.

Don’t screw around in currencies… you’ll lose your ass.

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I’m in the process of studying,learning and understanding the Forex trading market.I’ve been watching two three pairs of currencies every day for the last 3-4 years and been into currency gaming in the past but not personaly.I just had the capital,somebody else was investing and had a small profit.
I wanna do it myself now and already training on metatrader 4 platform.
But some questions come along while other questions resolving.

My home currency is Euro.
Now i’m training with trial account but when i’ll make a live account my capital(margin) will be 30.000 with leverage 100:1,meaning 3.000.000 .

First question:
I sell 10 lots,1million(10.000 of my capital), on EUR/GBP at :
sell 0,90133/ buy 0,90158 and close it later at 0,89615/0,89630…
This means the first 1.000.000 will now be 1.005.612..meaning i made 5.612euro on this trade.
The question is ….are these 5.612euro my profit,my money?
On metatrader platform in the place where the margin is and it wrote 30.000 ,now it will say 35.612..
So its my clear profit right?

If no,then what will my profit be in lets say the specific trade?
If yes ,then how do i get those money(the profit) in cash? (from where and when?)

Thanks for the patience to read all this.
I dont need robots,no A.I. for now ,so please if u can answer my question,i will appreciate it …if not and just advertise,dont bother.

Yes. 5,612EUR is your profit. And your account equity will be 35,612EUR. And your available margin will be 100x your account equity.

You withdraw funds from account usually the same way you deposit, ie. contact your broker and ask them to transfer whatever amount you wish to withdraw to your euro account at a bank. Common methods of withdrawl and deposit are wire, eletronic transfer and check.

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I’m gonna start trading on forex trading market with a serious amount of money…Anyone can suggest of a reliable,serious trustworthy broker that i wont have any problems with my capital and earnings?
Thanks in advance.

here’s one source that will lead you to a legitimate, reliable, trusted and leading forex broker that has regional offices in the usa, canada, europe, uk, australia, middle east and asia. if you’re a beginner then you really should take a look at their features. for one, by opening any of their account- mini, gold, vip or paltinum- they will provide you a personal account service manager or asm as mentor/coach who will walk you through the basics and will even trade along with you upon request to make sure you get familiar with their system. discussions are done live via phone, email, chat or personal meeting if you happen to live near any of their regional offices. plus they have several innovative tools specially developed for their traders assistance in their dealings. all the best.

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I know there isn’t really an easy way out for anything. But, with the powers of the internet, I was wondering, is there any place online where I can get $500 for a part time business? I wanted to invest the money in Forex and I have been doing really well in play accounts (but real rates and markets). I want to replicate this success using real money but dont have it. Is there any place I can obtain this money online?

unfortunately there are an abundance of scams that turn people off from the whole process of making money online… especially paid surveys…… however, there are still a few legit sites that exist, and I have finally found the perfect guide informing people of these sites… the site is flushed with video tutorials, that can help you make a few extra bucks online.. they also have proof of payment pictures to show that these sites are not scams.

http://guide-online-surveys.com/

*the key is not to just sign up for one site and expect loads of riches, but to sign up for a few and have the smaller checks add up*

*be mindful of the sites you sign up for… check out reviews of the site in yahoo answers before wasting your time*

*if you ever have to pull out a credit card, its not worth it*

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I want to invest 10000 as a starting capital.I’ve seen different ads in the newspapers regarding the investments in forex market promising very high returns.Is it true? Is it safe to invest in share market? Please advise me

Hdfc Top200 or Reliance growth.

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1.The foreign exchange market is where (10 points)

currencies are exchanged

services are exchanged

goods are exchanged

capital is exchanged

2.The foreign exchange rate is defined as the (10 points)

price at which one currency exchanges for another

rate or the speed which the currencies of the world are traded

volume of the world currencies traded

None of the above

3.When a currency decreases in value relative to another currency the currency has (10 points)

depreciated

decelerated

appreciated

accelerated

4.Assume yesterday one U.S. dollar exchanged for 115 yen. Today the same dollar exchanges for 110 Yen. We can conclude that the (10 points)

dollar has appreciated relative to the Yen

dollar has depreciated relative to the Yen

Yen has appreciatied relative to the dollar

Both (b) and (c) are correct

5.When a currency depreciates, its value has (10 points)

remained constant against that of another country

fallen relative to another currency

risen relative to another currency

fluctuated around a particular value

6.When the U.S exports goods and services to France, there is an increase in the (10 points)

supply of dollars

supply of Euros

demand for dollars

both (b) and (c) are correct

7.In the Forex, which of the following increases the demand for dollars (10 points)

Japanese interest rates rise relative to the U.S. interest rates

the expected future exchange rate falls

the U.S. interest rate increases

both (a) and (c) are correct

8.Inflation rate in the U.S. is higher this year relative to the inflation rate in Europe. What happens to the value of the dollar in the Forex (10 points)

the dollar depreciates; the Euro appreciates

the dollar appreciates; the Euro depreciates

the dollar depreciates; the Euro depreciates

you can’t tell without knowing the inflation rates

9.Assume that GDP growth in Canda is higher than that of the U.S. GDP growth rate. What happens to the value of the Canadian dollar relative to the U.S. dollar (10 points)

Canadian dollar appreciates

Canadian dollar depreciates

the U.S. dollar appreciates

both (b) and (c) are correct

10.The Japanese develop a cure for baldness and that cure is only available in Japan. What happens to the value of the dollar relative to the Yen (10 points)

the dollar depreciates and the Yen appreciates

the dollar appreciates and the Yen appreciates

the dollar appreciates and the Yen depreciates

the dollar depreciates and the Yen depreciates

1. currencies are exchanged
2. price at which one currency is exchanged for another
3. depreciated
4. both b and c
5. fallen relative to another currency
6. both b and c
7. us interest rate increases
8. dollar depreciates; euro appreciates (assuming PPP holds)
9. both b and c
10. the dollar depreciates and the yen appreciates

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Hello,

1. I am NOT US citizen or Green card Holder
2.I HAVE NOT Lived in United States for 182 or more days in a particular year.
3.I am Indian citizen and Resident

But, I am trading Options, Futures , forex in US markets using US brokerages.Also, I signed the W-8BEN form with the Brokerage.

Do I need to pay taxes for my capital gains from trading futures ,options ( NOT INTEREST EARNING SECURITIES like bonds or dividends ) to the IRS , united states???

I am NOT talking about paying tax in my Home country.I know, I need to pay tax in India. But, Do I need to pay taxes in United states???

Thank you.

The tax implications for a foreign investor will depend on whether that person is classified as a resident alien or a non-resident alien. To be considered a non-resident alien, a person must meet several guidelines. First of all, the person cannot have had a green card at any time during the relevant tax reporting period and cannot have resided in the U.S. for more than 183 days in the past three years, including the current reporting period.
However, non-U.S. citizens who hold green cards and have been in the U.S. for more than 183 days are classified as resident aliens for tax purposes and are subject to different guidelines than non-resident aliens.

If you fall under the non-resident alien category and the only business you have in the U.S. is in investments (stocks, mutual funds, commodities) within a U.S. dollar-denominated brokerage firm or other agent, you are subject to the following tax guidelines. In terms of capital gains, non-resident aliens are subject to no U.S. capital gains tax, and no money will be withheld by the brokerage firm. This does not mean, however, that you can trade tax free – you will likely need to pay capital gains tax in your country of origin. In terms of dividends, non-resident aliens face a dividend tax rate of 30% on dividends paid out by U.S. companies. However, they are excluded from this tax if the dividends are paid by foreign companies or are interest-related dividends or short-term capital gain dividends. This 30% rate can also be lower depending on the treaty between your home country and the U.S., so it is important that you contact your brokerage firm to verify the rate. If you are a resident alien and hold a green card or satisfy the resident rules (183 days), you are subject to the same tax rules as any U.S. citizen.

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I currently dabble in the forex market and using a US broker. How will I be taxed on my earnings, and what happeneds if I lose money that year, is it a capital loss? HOw does this work in regards to canadian tax laws with the broker being in the US?

Your tax reporting for dealing with a US broker is the same as dealing with a cdn broker in that the income reporting and transactions should be translated in Cdn $.

Regarding your quesion whether your loss should be a capital loss depends on whether your "playing" in the fx market constiute an investment or a business. There are no provisions in the Act which specify whether a foreign exchange gain or loss is on account of income or capital. An investment is generally in a situation of buy and hold, while a business is in a situation when you are knowledgeable and maybe with insider information, lots of daily time spent and numerous buys and sells during the day or week, etc.

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

http://the-best-forex-software-in-internet.blogspot.com/

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

Best Wishes,

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Do sign up with a reputable brokerage. Such scenarios do happen often if you sign up with a dodgy brokerage.

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