what do you guys think about forex trading? Is it a real business? If yes what is a reasonable return on investment per month can someone make with proper training and if he treats it as a real FULL TIME business. Experienced people are welcome to comment but please with all honesty. And how much do you think is a reasonable capital to start with

There are very few people that succeed in Forex. It can take 3-5 years to find out if you’re part of the 5% that are profitable. It takes a lot of time. Late hours. Lot’s of reading. Lots of time improving your skills.

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It very difficult to learn forex with my own. I need to take my time finding the perfect forex trading school through internet. Actually i want to have real time experience about forex, so where can i find the best forex trading school?

Yes, its true! When you are trying to muddle through the learning process of forex trading, it can be very difficult on your own. Being prepared for everything that the forex marketplace offers is not exactly a task that can be effectively taught to yourself without having real time experience because it is almost the only way to comprehend the complexity of it all. So, you need forex trading school to have the real time experience.

You can refer to this site below if you want to know more about forex trading school.

forex trading school at http://www.forex-learning.com/forex-trading-school/forex-trading-school-five-steps-finding-the-right-forex-trading-school

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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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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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I’ve read all the information I could get my hands on, and I still don’t understand. I think its because I’m making assumptions from preconcieved notions.

Like, lets say the currency is USD/JPY = 91.003. Does that mean if I buy, I’m spending yen to buy dollars? Where the hell did I get these yen? And if I sell, does that mean I’m spending my dollars to get yen? So now I have yen in currency in my bank?

Also, the prices fluctuate so much. In real life, how do they trade? I mean, lets say I have a profit of 5000$. By the time I call my broker, the prices may have shifted and now I have a deficit. How does that work?

It’s very similar to trading futures or any other derivative, you would probably want to have a dedicated trading platform on your computer. I get better fills with forex futures than the spot market, but I actually trade both on two separate computers.

Keep in mind that forex trading is a "trading" arena, generally not for investors. It’s very fast and highly leveraged. Your first objective in the beginning will be to de-leverage and not trade at 100:1 leverage. Email me and I’ll send you an e-book on forex trading.

You can download NinjaTrader for free and get forex and futures data feed for free also. They will let you try it out for several months before depositing any money, and you can trade the simulator and develop a trading plan and try it out, see how you do before investing your money. They also have the lowest margin rates around, just $500 to trade most futures.

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

Here are some of the most common currency pairs:

1.EUR/USD – Euro/U.S. Dollar
2.GBP/USD – Great British Pound/U.S. Dollar
3.USD/CHF –- U.S. Dollar/Swiss Franc
4.USD/JPY –- U.S. Dollar/Japanese Yen
5.USD/CAD –- U.S. Dollar/Canadian Dollar
6.AUD/USD – Australian Dollar/U.S. Dollar
7.EUR/GBP – Euro/Great British Pound
8.EUR/JPY – Euro/Japanese Yen
9.EUR/CHF – Euro/Swiss Franc
10.GBP/CHF – Great British Pound/Swiss Franc
11.GBP/JPY – Great British Pound/Japanese Yen
12.CHF/JPY – Swiss Franc/Japanese Yen
13.NZD/USD – New Zealand Dollar/US Dollar
14.EUR/CAD – Euro/Canadian Dollar
15.AUD/CAD – Australian Dollar/Canadian Dollar
16.AUD/JPY – Australian Dollar/Japanese Yen
17.EUR/AUD – Euro/Australian Dollar

NOTE: Of the above 17 currency pairs, six of them are deemed the “major currency pairs” in the FOREX market because they account for about 80 percent of FOREX transactions:

1.EUR/USD – Euro/U.S. Dollar
2.GBP/USD – Great British Pound/U.S. Dollar
3.USD/CHF –- U.S. Dollar/Swiss Franc
4.USD/JPY –- U.S. Dollar/Japanese Yen
5.USD/CAD –- U.S. Dollar/Canadian Dollar
6.AUD/USD – Australian Dollar/U.S. Dollar

As you can see, there is a currency on the left and one on the right. The one on the left is referred to as the base, and the one listed on the right is known as the cross. The format, once again, is as follows. BASE/CROSS, or EUR/USD. The EUR is the BASE and the USD is the CROSS.

TERMINOLOGY:
•PIPS- Price Interest Point. This is the smallest unit price for any Foreign Currency.
•LOT- A lot of currency is one denomination for a trade (100K or mini account). This is similar to purchasing one stock or one contract in the futures market.
•LONG to buy
•SHORT to sell
•BID-The price at which you sell
•ASK-The price at which you buy

Price Interest Point – (PIP)
Profits are made in the FOREX by gaining PIPS. A pip is the last digit from the decimal point. This value is 1/100th of a cent. You may now be asking yourself, how do I make money off of 1/100th of a cent? The answer is leverage. The FOREX market is highly leveraged and should be respected. That said, it can also provide for a tremendous return on your investment. The average leverage in the FOREX is 100 to 1. Basically this indicates that for every dollar you invest in a trade you are controlling $100 of value.

Calculated PIP
Calculated PIP – shows the Price Interest Point (PIP) value for the selected currency pair based upon your trading account margin. For example, a standard 1 percent margin trading account controlling $100,000 in currency would show the EUR/USD with a PIP value of 10.

PIP VALUE-Fixed or Floating
FIXED- When the USD is the cross currency (right side of the pair), the PIP value is fixed at $10 in a 100k account.

FOATING- When the USD is the base currency (left side of the pair), the PIP value is based upon the exchange rate of the cross currency (i.e., USD/CAD.). Also, the PIP value is floating when the pair consists of foreign currencies (i.e., EUR/ GBP).

LOT
A lot is the normal unit of trading in the FOREX market. Trades are made in lot increments, similar to share increments in the stock market.
Standard (or 100k) FOREX account- has a 100:1 leverage ratio
1 LOT= $1,000 investment= ratio leveraged 100 to 1, which = $100,000 in buying power.
Mini FOREX account- has a 200:1 leverage ratio
1 LOT= $50 investment= ratio leveraged 200 to 1, which = $10,000 in buying power.

TRADING HOURS (EST)
•Trades 24 hours a day, 6 days a week. The market is open from Sunday at 5pm EST to Friday at 4pm EST.
On my time (CST), Forex trading begins Sunday evening in Sydney (open 5:00pm – 1:00am), and moves around the globe as the business day begins in each financial center, first to Tokyo (7:00pm – 4:00am), [then Europe (12:00am – 9:00am)], then London (2:00am – 11:00am), and finally Canada and New York (7:00am – 4:00pm).

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Does any forex trading software or broker’s trading platform provide real time volume?

check it out from this site. their innovative "no software download" technology means you can trade in real-time online. you simply login to your account and trade anytime, from anywhere. and they keep you up-to-date with the market with live real-time quotes and live data feeds from Reuters. they use the latest and most sophisticated and advanced technologies in order to offer you up-to-the-second quotes. you may check your accounts and positions in real time, 24 hours a day, and make a deal based on real-time information. all the best.

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I mean do they just scam people?

I currently have an account with forex.com and have no problems.

Using NinjaTrader platform for free. Download it here:

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

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I had deposited some USD to a website which were offering daily 15% interest on the investment for mutual fund system of forex, so I did and after couple of months, there is just 0% interest has been added to my account. So, I want to know any other websites which offer a real and genuine mutual fund system for the forex.

If you don’t understand FOREX and FX Instruments available and the logic behind how the returns will be generated it is better you quit FOREX markets. There are FOREX ETF’s available (in International Markets) and further with a little understanding you can trade futures on 4 pairs against the INR on the NSE itself, FYI-

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i’d like to know a platform or broker which allows me to trade options on real time? I meaning a demo trading. I only know about forex brokers.

Best Regards.

Almost all reputable options brokers these days have this kind of virtual trading or paper trading functions. Get a list of all of these brokers at http://www.optiontradingpedia.com/option_trading_brokers.htm .

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How can you get a real high and low when after hours tradings pushes it beyond the "official" high and low? What do you use when setting your orders when this happens?

unless you can trade after hours, FOREX isn’t safe due to the large size of those contracts. Find a broker that lets you trade after hours. Otherwise you can get bit by gap-opens.

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