Trading Currency Blog

richel asked:


I am from asia . I have opened up a accont at forex.com now I want to know which is the best way for me to deposit money in the account . so that I can deposit as wellas withdraw my money without any problem ?
credit card ?
wire transfer ?
or open up a bank account in usa and then transfer funds ?

the 3rd option was suggested by one of the friend , plz help me i m confused

SCHERBARTH

Ahil asked:


Also, how much is the commission per trade?
which is the best books out there for a newbie in Forex? I am an experienced technical trader in equities ( just to let you know on my background).

YONTZ

mquaranta33 asked:


I am curious, are there separate trading desks for currencies, stocks and bonds, etc, or does it differ from company to company? Also, what would be the requirements to work on a financial company’s trading desk? Do you have to be licensed?

ALVARES

Mike asked:


There is a so-called ACM, a company in Dubai that works on forex trading and currency trading. Honestly, I almost don’t have any ideas about how this thing works. It’s like I have to open an account and invest money. I don’t know how it works. How will that benefit me? Will it make my money grow?

And there’s some kind of a software that has a lot of buttons, numbers, options, etc. I really can’t figure out how it works.

Please help me!

TOPETE

Neolithisistic asked:


I earn Thai baht, and it’s gaining buying power. How can use this market fluctuation to my advantage in regards to exchanging currency for a profit? Thanks for your time!

PLISKA

teachmeforex asked:

Teach Me Forex Swing Position Team Trade Room trade calls, results commentary for the trading week ending October 11th 2008.

COUVILLIER

Dan W asked:


It’s just playing arbitrage techniques, takes no education except for proprietary methods. Long term can you make significant gains without a salary?

GUISE

the real shaz asked:


http://answers.yahoo.com/question/index;_ylt=AocJ1vniBQFnWyE_JjEYjdqsxQt.;_ylv=3?qid=20081008234616AA2SRp7

The immediate thought that came to my mind was that the coin has more intrinsic value than the paper.

ARUIZU

wealthweekend asked:

Learn how to get 80+% wins from easily recognizable trading patterns, with no black box software, no lagging indicators and no watching charts all day. Let Gordon Philips of The Institute Of Higher Earning teach you this entirely new and easy way to trade the Forex. Performance track record at http://tradergordon.blogspot.com

HARMANN

Kelly Price asked:


If you want to get started in currency trading, currency swing trading is ideal. Here is a simple, easy to understand swing trading system to help you trade currencies for profit.

Swing trading is based on sound logic, unlike forex scalping or day trading which is the route a huge amount of traders go and lose.

Forex day trading and scalping doesn’t work, because volatility in short term time frames is random, so you can never get the odds on your side.

Currency swing trading though involves using valid data of around 2 - 7 days which is valid and is based on the following logic.

Markets move to the following equation.

Fundamentals + Trader Perception of = Price

It’s not the facts that are important; it’s how traders perceive them that is.

Traders will always push prices to far away from the fundamentals, when greed and fear take hold.

Prices then become overbought and oversold in the short term and by executing trading signals against these overbought and oversold levels, the trader can make a profit, as prices return to more realistic levels which are in line with the fundamentals.

These price spikes are easy to see on a forex chart.

The trader can use the following method to take advantage of opportunities.

1. Look for a price spike

You are looking for price spikes, that make the market overbought or oversold in the short term and look for a level you think will hold.

2. Use Momentum Oscillators

These will show you when short term prices are overbought or oversold.

We have discussed them fully in our other articles. Some excellent ones to use are - the stochastic, RSI, ADX AND MACD.

These are visual indicators and you don’t need to know the calculation, just look at the visual set up.

When currencies become over bought or oversold, you look for a price change in the opposite direction, supported by momentum changing in the direction you wish to trade.

3. Stop and Target

When you get the chance to execute your trading signal, put your stop behind the area of support or resistance you are trading into.

You then need to look to take your profit early if the price moves your way and do it, just before it reaches an important level in the other direction.

You should always take your profit early, before other traders do, as this keeps the odds in your favour.

The above is simple to do and can make big profits.

Currency swing trading is ideal for novices, as it’s easy to understand, you get plenty of action and of course, it can be very profitable.

If you want to make big forex profits a currency swing trading system can do it for you. Make swing trading part of your forex trading strategy and it can give you big long term consistent profits.

Try swing trading in currencies and you maybe glad you did.



MUTH