Trading Currency Blog

EasyForexLtd asked:

Easy Forex Ltd “Trade Naked” Launches TV AD campaign currently running within Chicago. Revealing the new Easy Forex Visual Trading Platform and its unique features such as the Trade Controller and Inside Viewer.

COLOMB

Adam r asked:


40,000

COWENS

Kelly Price asked:


Human nature never changes and therefore repeats so if you know the theory of human nature you can make regular profits by applying various scientific theories to catch these repeating patterns – let’s look at them and how to make profits.

There are three major scientific theories and they are:

Elliot wave, Gann and Fibonacci

These three theories claim that markets can be predicted with scientific accuracy as human psychology is constant and always will be, therefore once you know this recurring phenomenon it’s easy to spot profitable patterns in advance.

The problem is none of them work – sure, human nature is constant and repeats but this cannot be reduced to science.

You need to know the time frames.

It’s a bit like saying another earth quake will come in California sure it well but when?

Scinetific theories like Gann Elliot and Fibonacci despite the hype dont work - Elliot made no money and Gann ended up selling courses for a living and as for Fiboonacci this has nothing to do with finace at all and was devised to solve a problem to do with the copulation of rabbits in the 12th century. If leonardo Fibonacci were around today, he would be bemused how his theory has been hikjacked.

These theories appeal to lazy or the far out investment crowd, who think trading is a walk in the park and with the rewards at stake its not that simple. Of course it is possible to make money but you need to see forex trading for what it is - a game of odds.

Markets are all about timing and it’s obvious no scientific theory could work as if it did we would all know the price in advance and there would be no market!

A price moves because of uncertainty pure and simple

So if human nature is constant what can you do?

The answer is to see the markets not as a game of certainties - but as an odds game.

If you learn to play the odds you can and will make a lot of money sure, you will lose some trades but that’s just the way it is – a football player doesn’t score every time he kicks at goal but he hits the target enough to make a living.

If you want a theory to help you

Study Dow Theory – it is simply one of the best theories you can study in relation to market movement. Then use your forex charts to spot the patterns and time your trading signals

If there is one group that make excellent traders its - ex blackjack and poker players.

Why? Because they know they have to fold ( take losses ) and when they have a good hand play it for all its worth ( i.e up the bet size ) to make a living and they do this non emotionally and with discipline – and that’s what you need to do to.

Learn down theory, learn the traits of blackjack and poker and you have a great combination which will beat any scientific theory hands down in the market.

So if you want to trade currencies and you want to win – learn to play the odds and win big.



GEROULD

ZchDnlp asked:


I have experience trading securities and I’m ready to open an account so I can do some forex trading.

What are the fees involved with forex trading and who’s the cheapest?

BARRANCO

Asoka Selvarajah asked:


Forex Trading is catching on like wildfire amongst private traders, and there are good reasons for it. Forex is the largest known financial market in the whole world, and the most liquid to trade in. Also, the requirements to open a currency forex trading account are much less stringent than for stock trades.

The term “Forex” is short for Foreign Exchange. The daily turnover in currency markets is currently $1.9 TRILLION dollars. Amazingly, this is over TEN times the average daily turnover of ALL the global equity markets put together. It’s more than 40 times the daily turnover of all securities on the New York Stock Exchange.

So what is Forex? In layman’s terms, Forex trading means the simultaneous buying of one currency and the selling of a second currency. In other words, the currencies are traded in pairs, i.e. one currency traded for another.

Interestingly, only 5% of the turnover in daily forex currency trades comes from companies and governments buying and selling products and services from foreign countries. These entities then engage in forex trades in order to convert their foreign currency profits back into their respective domestic currencies. Amazingly, the remaining 95% of turnover is pure speculation, i.e. forex trading entirely for profit!

If you’re new to FOREX currency trading, familiarize yourself with the most liquid currencies. These are the most traded, and where you stand your best chance of trading success. They include the US dollar, Euro, Japanese yen, British pound (also nicknamed “Cable”), Canadian dollar, Swiss franc and the Australian dollar.

The good news for small traders is that the Foreign Exchange Markets cannot really be manipulated. Their enormous size and liquidity, as well as the fact that forex markets are not under the jurisdiction of any one country means that no single investor can usually hope to move a major currency market in a serious manner (of course, there are always rare exceptions and George Soros’ famous exploits in taking the British Pound out of the EMS is a famous and extremely rare exception to the rule).

Forex Markets entertain a wide variety of participants with varying goals. Some enter the market with a long term investment goals, while other are day traders acting for the extremely short term only.

Forex trading, involving foreign currencies on an exchange, is not centralized. It takes place via telecommunications. Also, currency trading is open twenty four hours a day. Currency dealers will quote all the major currencies in every time-zone in the world.

Forex currency trading can be an extremely rewarding business, provided you thoroughly know what you are doing. However, like any other business there are always risks (and potentially disastrous ones) for the novice who foolishly dives in without thorough preparation.

Where there are risks, there are also rewards. The upside potential, with limited downside risk (provided you know how to place trades with discipline and exercise excellent risk management) can be enormous.

Hence, in order to profit from trading in Forex, it is critical that you become an excellent student first and really STUDY forex markets in particular and good online trading principles in general. The Forex markets lend themselves particularly well to Technical Analysis, i.e. forecasting via price charts.

Some general awareness of current events around the globe, be it political or economic, is important in order to understand underlying driving forces. However, don’t get too **** about this and focus your time on the hot air voiced by self-appointed economic market experts on business and market programs. Most of them know nothing about the process of trading itself, and their opinions are often plain wrong.

In conclusion forex trading can be a very attractive and highly profitable business. You can trade currencies very profitably from home and, depending upon your trading knowledge and appetite for risk, the sky’s the limit as to how much you can make. However, be prepared in advance to invest a large amount of time and practice before you start to make money from forex trading on a consistent basis.



FRITZE

milaya asked:


I want to trade currency. Please suggest good trading platform for currency trading.

Thank YOU!!!

KEHOE

Cisco Man asked:


Can you really make very good money and are there people that are honest and knowledgeable that help you get started and guide you into making it a successful business?

LYON

skahhh asked:


Their options are different too, as I understand it, as some have european style options trading. I would think after hours would be different too…perhaps requiring an extra premium for that trading.

WALLIN

victor c asked:


hi does anyone know about the mscs-rrr forex foreign currency trading e-book program that’s all over the internet ? can anyone tell me if it’s a scam or not and can anyone also tell me ways that i can find out on the internet if it’s for real or not ? thanking you in advance.

DAGG

secretforexsociety asked:

Learn from an experienced Fundamental FOREX trader to analyse reports like the CAD Core Retail, and other important economic data.

ARLINE