Can someone explain in detail how forex trading can be done from home in order to earn some additional income? Too, what is involved or needed? How much is needed as an investment?
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I’m looking for a course to actually learn trading myself. I’m not interested in robots or signal services. What I would really like is a course that teaches me to understand the markets and be able to trade off my own ability. Anyone had any experience or found a course like this that you’ve actually used yourself?
You may be interested in http://www.fxpmclub.com
It’s a forex course and mentoring at the same time, so it’s got the basic course materials that you can learn in your own time, just like most other courses out there, but you can also get training and help and advice from the trader who runs the site.
The course is all video based which is accessed from a members area, and the videos teach you everything from the basics all the way up to actual trading methods on live charts. I’ve been trading for about 2 years on and off, so I am by no means an expert or anything like that, but this has been the most useful site I have personally come across. The best part for me is the contact with James, who is the trader who runs the site. I’ve been able to talk with him directly on the phone whilst he walks me through real charts on my computer and answers my questions. So far I’ve had 3 phone calls with him. The course and videos on their own are far better than most things I’ve seen, but the personal tuition you get with this, makes this the best course I’ve ever taken in forex. I always learn better when I’ve got a teacher. I’m not sure if that’s what you’re after, but I’m sure you’ll find the video course on it’s own very useful if you’re starting out.
The course itself is teaching how to trade by reading price action without the use of lagging indicators, so it’s quite discretionary and can’t really be used as a mechanical system. James likes to teach how to adapt to and read the market instead of relying on buy and sell signals generated by indicators. He uses candlesticks and not bar charts.
There is a free option to try the course before you decide to join, so it’s definitely worth a look. You can access all the materials and contact James for help without making any payment, and if you don’t like it, you don’t have to worry about trying to get a refund. If you’re a sensible person and have realistic expectations about forex, I think this course could suit you very well.
Hope that helps.
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i would like to learn to trade forex but dont want to sign up to any scams that say they deliver but dont and just take your money,is there any real genuine help out there.
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.
Forex is what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.
Actually Forex is not quite a zero sum game. It’s a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It’s a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.
There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: "Go to Forexcrap,com/q2347." The "q2347" is a signal to the Forexcrap site that you are being referred to them by "q2347." If they sell something to you, "q2347" gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.
I would recommend not trying to do Forex at all, unless you are a trained professional. It’s like playing poker with people better than you, with the house constantly taking a small percentage from the pot.
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Hello,
I have been doing a lot of research and there are dozens and dozens if not hundreds of EA’s for use on MT4, trading FOREX.
But I am unable to find anything on robots for Futures trading. While I look forward to manually trading Futures in the evenings, it would be nice to have something to catch a good trend during pit hours, while I am away at work.
Thanks for any tips or keywords that may assist in a Google search. ; )
I haven’t also come across any automated futures trading system or what you are calling a futures robot. There are many futures contracts that you can trade. Maybe this has to do something with the nature of the futures market. You haven’t mentioned what type of futures contract you want to trade. Infact there are many dozens of futures contracts like stock index futures, crude oil futures, interest rate futures, commodity futures, currency futures and others. Futures markets are a lot different from forex. Futures market is a highly regulated market. You can find both price and volume in the futures market unlike forex where you only have the price action.
I came accross a swing trading strategy that works for forex, stocks and futures. This swing trading strategy takes not more than 10 minutes to trade each day. Many people think that automated trading is the solution or what you call the Holy Grail. Infact there is no holy grail. Successful traders are those who learn to trade manually first. Automated trading systems without knowning how to trade manually do not give good results as market conditions keep on changing and if you have the feel of how the market is changing you can change the setting of the automated trading system. You can only develop the feel of the market by manual trading. First practice and paper trade for one to two months. Only then trade live. Good Luck!
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Hello, can u tell me the best Forex Trading Software used in america?
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There are so many, what are the best Forex Trading Platforms, particularly for a new trader?
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There are so many, what are the best Forex Trading Platforms, particularly for a new trader?
If you are looking for the best forex auto pilot software, check out this site
http://make-money-with-forex.org/
Here you’ll find the best software that can help you to increase your profit automatically
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I mean what do I need to learn? I’ve searched up on websites like forex for noobs or baby forex (a site for forex newbie like myself..) but I failed to understand what the heck they’re talking about so basically I figured out that I’m missing something what do I need to learn before learning forex trading?
First you need to learn before learning forex trading, about:
Market participants in Forex: Banks, Commercial companies, Central banks, Hedge funds as speculators, Investment management firms, Retail foreign exchange brokers, Non-bank Foreign Exchange Companies, Money Transfer / Remittance Companies.
Forex trading characteristics
Determinants of Forex Rates
Economic factors:
Economic policy comprises government fiscal policy and monetary policy.
Economic conditions include:
* Government budget deficits or surpluses
* Balance of trade levels and trends
* Inflation levels and trends
* Economic growth and health
* Productivity of an economy
Political conditions: Internal, regional, and international political conditions and events can have a profound effect on currency markets.
Market psychology: Flights to quality, Long-term trends, "Buy the rumor, sell the fact", Economic numbers.
Financial instruments: Spot, Forward, Future, Swap, Option, Exchange-Traded Fund.
….and more…..
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Hi everyone!
I am new to forex and have only just found out about all these automated forex robots and such that are supposed to really take a lot of the risk out of forex trading. I need an real working automated forex robots, automated forex system that really works. Can anyone suggest a good one?
Thank you!
If you are looking for the best forex auto pilot software, check out this site
http://make-money-with-forex.org/
Here you’ll find the best software that can help you to increase your profit automatically
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Hi everyone!
I am relatively new to forex and have only just found out about all these automated forex robots and such that are supposed to really take a lot of the risk out of forex trading. There are so many though! Can anyone suggest like a good one, based on personal experience?
Thank you!
If you are looking for the best forex auto pilot software, check out this site
http://make-money-with-forex.org/
Here you’ll find the best software that can help you to increase your profit automatically
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