i heard Forex trading is a great way of making fast money. i would like to get involve in this currencies money making thing. however my knowledge in this area is very limited. i’m desperately in need of some free guidance. help!!!!
i’m also wondering if my location matters. i’m living in Jamaica so will that be an issue as it relate to me getting involve?

as with everything else it can ALSO be a fast way of losing money unless you know what your doing …but here are some details…http://www.goforex.net/forex-basics.htm

powered by Yahoo Answers

Anyone here knows where can I start FOREX trading preferably with PHP/USD trade ratio? Also, I need to be able to first create a demo account to be able to get used to its interface then eventually start really low like $100 perhaps just to cut on risk then build up from it as I go on.

Anyone?

This broker has an office in Manilla and offer demo accounts so should be what you are looking for.

powered by Yahoo Answers

Interested in forex trading but india RBI regulations doesnt allow to trade in forex, $200 is sufficient to trade in forex if yes then how to deposit n withdraw profits, many traders in India are profiting say me the way or ideas thanks in advance

Hi,

You can try using an alternative payment method such as PayPal, for example.
Also, most brokers accept bank transfers initiated from/to a bank account outside India, as long as you are the account holder.
At this point, you can either try to open a bank account outside India, or try using an online payment method and make direct bank transfers to it.

Best Regards,
FXCC Representative

powered by Yahoo Answers

Hi I live in Pakistan. None of the banks here allow bank transfer to foreign forex brokers abroad. They say that only Customer to Customer Account wire transfer is allowed and that I cannot transfer or receive money Business to Customer or Customer to Business. Is there any way that I can transfer money and open forex trading account from which I am able to withdraw as well to my bank account?

I guess you could use one of the online electronic payment methods like Skrill also known as Moneybookers which is reachable for people from Pakistan. Bummer that PayPal doesn’t support Pakistan. You can find more here: http://www.wheretoforex.com/forex-guide/forex-payment-methods

Here is the short list of the Forex brokers that accept Moneybookers: AvaFX, LiteForex and eToro

powered by Yahoo Answers

I downloaded some demo programs to start learning how to trade forex,but I look at it and get a migraine. I know nothing about forex trading or anything like it,but i am interested in getting into it,however I want to learn through a program and get some practice before getting into live trading.

Are there any demo programs or free online courses to explain to me how it works and how the programs work?

You may approach Institute of Bankers, London, they may conduct courses on Forex Trading.
Forex Trading involves buying and selling of different country currencies, Forward dealings, handling Imports and Exports etc. The currency dealing requires good perception of mind with ability to decide quickly. After theoretical knowledge a good training is essential.

powered by Yahoo Answers

I have been reading about trading forex but don’t know about a successful strategy that I should be using. I have read about so many different strategies and they all claim to be successful.if anyone is doing forex trading then you can share your experience with me and tell me your best stratagy.

The key is to acquisition a acceptable forex action and afraid to it. So, how do you acquisition a assisting forex trading action which works best for you? Here is are some guidelines.
3 Aureate Rules of Forex Trading Strategy

There are assertive guidelines that any forex trading action should chase and these are accurate for everyone. These guidelines are alleged the aureate rules of trading.

1. Trend is Your Friend
Always chase the trend. Majority of the forex trading strategies and systems concentrates on anecdotic trends and that is a adapted approach. Do not try to go adjoin the trend and depending aloft the ascent or falling trend, accept to go continued or abbreviate as appropriate. Resisting the trend will aftereffect in accident your money in best cases.

2. Ambition Setting for Individual Trades
Before you access a barter set a bright accumulation goal. This agency you apperceive aback abutting the barter and exit. Sometimes bodies get acquisitive and try to break in there with the achievement of authoritative added profits. New forex traders generally accomplish this mistake. They ability alike get few aerial accumulation trades alone to see that assuredly a huge bead in bill bulk antibacterial all their funds.

Similarly, if a barter goes adjoin you, do not try to authority on in the achievement that the bazaar will about-face aback your way. In such a case your forex trading action should be to cut your losses and get out and aback you set able ambition for anniversary barter you apperceive aback to quit. You can additionally accomplish use of stop losses to do this automatically.

3. Protect Your Funds
Forex trading is of advance a chancy business. However risking too abundant on one barter is a aberration you should avoid. Alike accomplished traders abatement in this trap. You may accept able aplomb on a accurate trade, but never accident too abundant money on a distinct trade. You may feel that annihilation will go amiss with that trade, but annihilation can go amiss in forex trading.

So how abundant accident is too much? The bulk of accident depends on your funds and the forex trading action you use. I would say risking 2% of your armamentarium per barter is a safer advantage admitting you could go up depending aloft the trade. However never accident added than 5% of your antithesis for a distinct trade. Additionally bethink that if you go with a anchored percentage, as your profits and funds access the bulk of money you accident in anniversary barter will increase.

The aloft three aureate rules will serve as a guideline aback allotment the best one from the forex strategies or while developing your forex strategy.

powered by Yahoo Answers

I just attended a seminar on Forex trading the other day. I’ve downloaded a demo version of AVA FX and Im battling to get the most out of it. Is there a more simpler version out there from another company that will also run on my Mac because AVA FX only runs on windows.

Try with this Forex trading simulator

http://www.bullbearings.co.uk/fx.trading.guide.php

It’s online and you can register for free, they give you a credit of £100,000 to place your trades. This site also has tutorials and advice. I started using it for stock trading but now I am hooked up with forex

powered by Yahoo Answers

I need someone to explain to me how Forex Trading works? Can I make lots of money off it? Whats the technique and how much money do I need to start?? Please explain if you know about Forex. Thanks!

Hello,
as I see you are a green trader. The best way for you is to start learning Forex at Baby Pips!

Best regards!

powered by Yahoo Answers

I have tried a few FX Trading brokers but am not really satisfied with their services. Can someone please let me know more about reliable online Forex trading resources?

See the thing is, while investing through online brokerage firms; you need to make sure you are not being duped. Do not blindly trust any firm who says they can get you maximum return on investment. Always look for a reputed name, having a successful track record and a global client list. Only then can you be sure that you’re actually investing in the right place.

I recommend London Pearson; they are highly reputed investment and brokerage firm and have been serving organizational and individual clients all over the globe. They have expertise in handling investments in FX trading, CFDs, hedge funds and many other financial instruments. Just visit their website, www.londonpearson.com and you can read more about the services they offer.

powered by Yahoo Answers

I have been trading forex for a little while and am still confused as to how I can calculate the value of each pip change in my trades. That is, how much will I profit or lose by a change of 1 pip in the currency pair?

Full contract: 1 pip = $10.00
Mini Contract: 1 pip = $1.00
(These amounts are approximate…… some pairs they will be exact)

You are on your way to losing most of your money… if you don’t take 6-12 months reading several books on trading & several books on FOREX Trading.

And always remember….. paper trading results mean totally nothing.

powered by Yahoo Answers