The Forex Trading Blog

What Is The Best Forex Trading Strategy?

admin — Thu, 29 Mar 2012 23:51:35 +0000

I am in complete information overload and looking to find recommendations from experienced traders.
Please do answer, I am looking forward to some pro Forex traders. If you are trading Forex for a living it would be awesome to here your advice. Please help and give good info.

I can really relate to you as this reminds me of the time when
I started Forex Trading. See, Forex Trading is not all it is cracked up
to be.
All the brokers are advertising this quick money making skim,
open an account with $50 and make big money and other stuff that’s
not true.
My advice is to find a good Forex forum or group that teaches
Forex newbies. I know a lot of people that are Forex indicators
worshipers, but I don’t pay much attention to all that hype.
Most of the times indicators are just used by the broker as a
training tool or just to fill up their Forex training section.
In reality most of the indicators are lugging and are not
timely on the market.
Your Forex broker loves them as the indicators make you
pretty predictable. For example let’s say the Forex broker is
propagating a indicator. This indicator is calling for buying
or selling when such and such lines are crossing. The indicator
is also calling shorts when the lines are crossing backwards.
This makes you very predictable and helps the broker to
execute in the opposite direction.
By the way it is not a secret, that the broker sits on the opposite
side of your trade, especially if the broker is not a ECN broker
and is not a price maker.
Forex Market is huge, but for a retail Forex Trader like yourself,
the market is only as big as your broker.
One more thing to be very careful is not to trade the news.
A lot of those Scam Forex Brokers are widening the spread
during news times. You will be surprised, but some of them
are going as far as 90pips spread. See, the broker looses
control during the news trading due to very high volumes
and the only way to control is to take you out of the game
with a wide spread.
I have even seen my stops taken before my entry, now that’s
a roller coaster Forex.
The best Forex trading strategy for me is a Price Action Forex
strategy. Forex Support and Resistance strategy, Fibonacci Forex
strategy, Big Numbers Areas Forex Strategy.
For a Forex newbie, since I get asked a lot, I have found this
program to be pretty effective.
In any case take all the advice you can and good luck with your
Forex trading.

Binary Options xposed.com with broker Option-world.com are they trustworthy ? They are claiming 90% hit rate.?

admin — Thu, 29 Mar 2012 23:50:00 +0000

BinaryOptionsXposed.com ? Has anyone successfully used them ? They are selling Stock & Forex Systems for binary option trading, which claims a very high hit rate. It’s traded on a 5 minute candle stick chart for a maximum of 15 minutes. As it’s directional, only needs to be 1 pip higher or more for a winning Call & just 1 pip lower for a Put, on YouTube several videos show high success rates, for this type of trading. They are partnered with Option-World.com & have several deposit plans, ranging from $500 up to $2500, to allow one to gain "free" access to their trading real-time forecasts And actual Trading Manuals. I just want to hear from people who know of & have possible used these services. Are these two companies to be trusted… are could this be some sort of scam ? Factual replies will carry more weight than guesses & hunches. Many thanks… If you are yourself trading Binary Options, would love to hear from you. That’s it, thanks again…

I think you will need to lose money at stuff like this for a few times to learn your lesson. I don’t think you will pay any attention to my advice.

But my advice is to make money by working- when you have money to put aside- invest – this is speculation (or gambling). Buy stock in a good well run company that looks to be well priced and leave it there until something changes in that company stock that means it is no longer well priced or well run. Or buy stock in a well run mutual fund and leave it there for a very long time. Or put your money in a sound bank. Don’t send your money to people will a well filmed commercial and an unsound idea.

What kind of a corporation is this?

admin — Thu, 29 Mar 2012 23:49:48 +0000

im planning to make a corporation (we will be 5 stockholders)
the corporation will only be engaged in buying/selling stocks in the stock market/forex using only the corporations capital.

we will not issue bonds or other means to raise capital to play in the stock market,,, we’ll be using our own corporations capital

what do you call this corporation? an investment company, a joint venture….??
this is a stock corporation by the which i will be the 60%

It’s actually a mutual fund.

It can also be considered a hobby, since you want to "play" in the market and not take the time to learn to be a serious trader.

Which is the best automated Forex trading robot with more than 90% accuracy?

admin — Thu, 29 Mar 2012 23:49:39 +0000

I want to trade Forex Trading but to know that what is the best automated trading robot which gives more than 90% profits on my initial investments within less time and continue to do so???

Any robot which worked would be sold for millions to a hedge fund, not for small change to people like you.

How do I prepare for online Spot FOREX trading?

admin — Thu, 29 Mar 2012 23:48:12 +0000

I am musing to go into doing online Spot FOREX trading. What do I need to be aware/prepare myself to do well in it? I already read a few books on Getting started in Currency Trading, FOREX Trading Handbook, other online literature, Demo a few platforms. What would be better/best strategies for begineers?

Education is the strategy. Using someone elses strategy doesn’t work.

The key factors to success in any trading (esp. Forex) are… in order of importance;
Psychology (yours & the market)
Risk Control
Technical &/or Fundamental Analysis

It can take 3-5 years to master the skills needed. Well over 90% fail in this endeavor.

Good luck.

Why cant we trade with Robots also called EA and generate good profits from the International Currency Markets?

admin — Sat, 25 Feb 2012 02:30:53 +0000

Forex Trading Robots are safe, if you select the best one. My friend is using one automated trader robot software for the last 8 months, Never the monthly profit returns went less than 20%/pm

Your friend claims to have over 4x his initial starting capital after 8 months? I don’t believe that and neither should you.

Forex Robots are scams. The only ones making money are the robot sellers.

free forex trading training or book?

admin — Fri, 17 Feb 2012 08:20:28 +0000

forex trading

You will most likely lose everything you put into the Forex market.

The overwhelming majority of amateur forex traders get totally wiped out of their small investments by the big guys waiting for their victims to enter the trap.

i need help. I don`t know what to do and I feel like no one whats to help me?

admin — Tue, 14 Feb 2012 19:28:40 +0000

I`m almost 33. I live with my mom which I hate. (no my mom, just living with her) I live in a Island where My bachelor degree is useless sense everyone can learn it from google, believe it or not. That`s what my college professors did when they teach me.

I can`t find a Job, I don`t have a car and I barely earn $300 a month from freelancing. I have so many Ideas but most of them are ether in need of programming skills, money or a car.

I have a website, is my sole passion but I need the car to actually make it work plus extra cash for equipment. I have no friends and God know I try asking my family. My credit…. let just say that my 12 year of alcoholism took care of that. Its been 2 years sense I stop drinking and I`m actually going to church.

I do have a lot of knowledge in so many different areas but its really hard to ether find a job or make my skills and Ideas work. I have try, forex trading with no luck. I`m trying to open and stock account for trading but I can`t seam to get enough money to start. I have try online marketing and I really hate it. Specially affiliate marketing.

I`ve been searching for a mentor but here where I live I could be one of the smarter people around, so I`m practically alone. I feel alone.

I don`t know what to do with my life. I`m trying to learn software development but I`m all by my self and it gets really confusing sometimes. I do know ho to do 3D but it took me a year just to cash a $5000 job. So far 3D here is just not big enough.

I`m actually blogging but I really need the car to actually have something to talk about. I have even try to give my knowledge for free or for food and no one listens or no one wants to help out.

I have a OK life, but I know I`m capable of so many things, great things… I just can`t seem to know where to go from here. I`m thinking back to college to actually get a good degree. My bachelors is useless sense is from a technical institute and I cant get a masters with it. SO… I`m a graphic designer but I have come to hate the industry so much… at least here where I live.

Is a small Island BTW, It would only take you 5-6 hours to drive around it and we have 4millions living here.

I don`t know… I do know that I`m not the only one feeling like this.

You can start FOREX business. But to get success in forex you need knowledge about forex market. At first its rare to get success. You need experience. Learn more about forex . Get experience from others. Then you can get success.

Can any one give me reliable,workable tips / Info on sites/ guidance for FOREX TRADE .?

admin — Tue, 14 Feb 2012 19:28:11 +0000

Due to curiosity regarding Forex trading, Recently I joined a Forex firm as a forex trader, during demonstration sessions offered to me by the said firm, I faired with 40/50% +tive results .But when I started actual trading on the online platform , I realised that my success was dwindling between 20 to 30 %. Now, to achieve the desired 80/ 90 % +ve results I wish to seek expert advise on how to select timely and accurately , the "buy" or "sell"selection on any selected pair of currency.

Mark Larsen’s Forex Robot is very popular with forex traders:

http://tinyurl.com/2325lnn

Also take a look at babypips.com for a lot of great information and tips.

Can Forex broker change my strategy ?

admin — Wed, 08 Feb 2012 02:06:45 +0000

I have 100% Forex Trading Strategy without Indicators or Robots. But the fear is can Forex broker change my strategy ?

I have tested the strategy with many brokers and it works 100%. Please suggest me that is it safe to trade with brokers who can easily follow my strategy and make there own market or spoil my strategy.

HELP ME…

A Forex broker cannot change your strategy without your permission. They can only execute the instructions you give them, unless you give them discretionary trading authority.