admin answers:

As is usually the case with complex subjects, you will not know the answer to this question until much later, maybe years, until you have tried.

Your question is really about “trading,” not “what” to trade. You do not “master” a market, rather a method or vocation. But expecting to master trading is a little like trying to master life, because it is a life of it’s own, intertwined. What you will find is that the hardest part of trading is to master your own fears, hopes, and other emotions that make you do exactly the opposite of what you should be doing. What you are thinking of mastering is not even in your sights yet.

You are looking at Day Trading, and it is the most difficult task you will ever encounter. Clearly only 5% of traders are profitable, and only 1% really make it worthwhile. I would not recommend it to anyone; be prepared to lose everything several times. Just learning more and working harder will not ensure profitability like in other vocations. There is no controlling it and there will never be any certainty. You are only looking for a small edge, trying to see all possibilities with an open mind, with a plan for each, and the only thing you control is the money management techniques. And all of these things change about every minute. One of the hardest things for me is staying glued to a computer screen and focused for hours at a time. Does that sound like fun? Or does starting your own business sound like more fun? Because if it isn’t fun, if it’s a drudge, you will tire of it.

Making money is not your primary goal in life. Anybody can do that. Finding your purpose, what you were made for, what you can excel at, what you will be happy doing — that is your goal.

I would not recommend trading to anyone. If you read Stock Market Wizards by Jack Schwager, you’ll find that most people lose everything several times before they finally figure it out. Or read Reminiscences of a Stock Operator by Edwin efevre about Jesse Livermore. This is one of the best books of all time about one of the best traders of all time. Jesse Livermore made millions and millions of dollars, had clout enough that the NYSE asked him if he would please stop shorting stocks. He died broke. These are the best traders and most successful people on Wall Street, and almost every one of them lost it all multiple times. But they were driven to trade, to learn, and confident enough to see truth and were able to change. Trading was in their blood. They could no more be “normal” or average or do anything else easier than a turtle can learn to fly.

Listen to your spirit to answer your question. It is not about money.

admin answers:

For forex trading, I suggest you sign up for a demo account, learn about it before putting in your hard earned money to trade it.

admin answers:

It’s a sales job. They will ask you to find people who will trade foreign exchange on their platform. Some companies pay a basic salary, while others, if they put you on “Introducing Broker” status, is purely commission based.

The foreign exchange market is the biggest financial market in the world. It is open 24 hours, and is traded by big institutions, goverments, and seasoned investors.

admin answers:

If you want a job you need experience hiring managers can see and touch. Why not intern? Not sure if you’re in/near a big city or what year you are in school, but find out who is in charge of the internship programs and convince the you’re worth it. Spend a summer in Chicago or NYC interning for a company you want to work for – often the big firms pay interns. I’d also make sure you take as many classes specifically related to finance and analysis and perhaps let that be your minor. But thus far, in all honestly, you sound like a dime a dozen and need a way inside, and interning is always a great option.

admin answers:

There are clearly no legal issues for you. You can do whatever you’d like with your money. However, there may be some legal issues for him. “He takes a 25% commission” sounds like he takes 25% of the profits. In order for him to take an incentive fee like that, he would probably need to have a hedge fund structure. That is, he would have an investment vehicle that allows him to take your money.

If that’s true, he would need to make sure that you are an accredited investor. That is, satisfying the following:

“a natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase;

a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or

a trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes.”

If you don’t satisfy that he would need to jump through some real hoops to be able to collect that incentive fee and not run afoul of the rules. Given these issues, I recommend that you spend some time talking to him as well as talking to an investment pro before you invest.

Good luck.

admin answers:

TradeStation is the Cadillac of trading platforms and includes the ability to write and backtest your own trading systems. It is the premier rule-based trading platform. Unfortunately, it is very expensive to purchase and has a high monthly fee.

NinjaTrader will also backtest trading systems, and allow you to write your own, and is completely FREE, with NO monthly fee. There aren’t even any exchange fees – incredible. And their margin rates are $400 – $500 for forex and stock index futures.

Http://www.ampfutures.com/index.php

If you want to send me your email address, I’ll send you several Forex ebooks.

admin answers:

I am not sure if this will help but I saw this page that has alot of books on it check it out.Not sure if its what your looking for but its a start.

Http://www.stockstoshop.com/books.htm

admin answers:

EToro is an excellent Forex broker that offers a free basic online forex trading course and a more advanced course for account holders.

admin answers:

Over the years i have problably read more books than i can count but i thought i will compile a list of the best that i have read. Check it out at http://www.geocities.com/lcming/Forexbooks

admin answers:

Find forex trader at http://theclickinfo.com/forexpro/

admin answers:

Don’t

100 bucks, minus lets say a 5-30 buck transaction fee to buy and then to sell
You would need to make a return on a daily basis of 10-60%.

We always have 20/20 hindsight, which makes it easy for people to look at a stock and say “Hey I could have bought it here, sold it here, made $5 and do that 4-10 times and I could make a living…

20/20 hindsight
You have ambitions, though your funds do not make it realistic.
As the person above noted, there are certain requirements to be able to trade in the sense that you wish.

~jc

admin answers:

Well you can use a thing called “limit buys”, which automatically buys or sells what ever quantity of stock you want at a certain price. Day trading really means that you close all your positions every day, but it is now a generalization for short term (often a week or so). You can use sites like E*Trade, etc. But unless you have a significant amount of capital it isnt a good idea because commission is usually around $10, so if you cant make more than that, you lose. It is very dangerous, and you need to know what your doing. Im a value guy, I stay away from day trading. Try www.investopedia.com, its a great source for beginners.

admin answers:

Its figured as you use it. However due to some rule you cannot buy and sell the same stock in same day.
So that means u buy 9000 worth of stock then you have 1000 cash left and you sell it tomorrow on 10000 then your cash account increases to 11000

admin answers:

The rules covering an account are those of the country where the brokerage account is. If you have an account with a US brokerage office, you have to follow US rules, regardless of what exchange lists the shares.

admin answers:

I use momentum stocks….. Usually different ones. This week AIG, CCL & PRU have been good for me.

Check out this guy…. He’s a college student & is doing very well;

http://twitter.com/WeeklyTA

My absolute favorite trader is;

http://twitter.com/alphatrends

I find my stocks using a scanner (HotScans);
http://scansbeta.marketgauge.com/Strategies/strategies.asp (It’s $75 a month).

admin answers:

First, to day trade stocks, brokerages will require a minimum account size of at least $25,000. Also, it’s a risky game — very few people succeed at it. Those that do have generally become highly skilled at longer-term trading (position trading over several weeks, months or years or “swing trading” over days or weeks) before attempting day trading. There is no software you can use to make your decisions — that is totally up to you. It requires a great deal of experience (I would say, many years) to become a successful day trader.

admin answers:

If you are looking for Elliott wave patterns that offer low risk/high reward setups then you may find MTPredictor software helpful. You can get a free trading course that explains the setups, risk management and position sizing. The site is http://www.mtpredictor.us

admin answers:

You probably want a medium-high end Intel Core 2, with at least 1 gig of ram and a fast hard drive.

admin answers:

For grade 1 !
I’ll not recommend anything
let him enjoy his outdoor games and time
not the stupid 17″ screen

but on overall
i’ll recommend desktops

1. They are fastr
2. Performance is too good
3. Spacious key board
4.cheap , that too now bcoz of laptop boom
5. Cheap spares
6. Trust worthy

the list goes on

laptop is no good compared to desktops..
Except for one thing , they are wire-free

cheers

admin answers:

First step. Go to www.dell.co.uk and look at all the laptop models there. You are looking for a business laptop which i think is Dimension.Next click onto Dell Outlet or go to www.dell.co.uk/outlet and there you will find New computers with a Full Factory Warranty. These computers are reduced in price due to a cancelled order, a change in specification or a scratched.surface. Apple/mac, Acer and Toshiba also have the same facilities but, Dell has the best Warranty

admin answers:

Probably not, everyone will charge a “convenience fee” for the conversion, which is built into their conversion factor.

admin answers:

Yes and no. If it is a coin such as the Canadian maple leaf for example, it has no collector value. It does have a face value of $50 Canadian but it is a one ounce gold coin so the $50 is merely so that it can be considered a Canadian monitary coin, unlike the gold coins the U S produced that had pictures of artists, writers, etc. But had no monitary value stamped on them. They were very unpopular. Some foreign gold coins are collector coins and would have value as such, many times great value to collectors. Most of those such as the old French gold coins are no longer accepted as legal tender because of the reevaluation of French currency into Euros.

admin answers:

Well of course one main factor they consider is generating a profit!

What they do is they take the currency rate; it is usually active – and not fixed. They then put a spread between the buy and sell price – this is how the forex dealers make money.

Say if you bought US with your currency then sold the US back instantaneously you will find that you may have lost .5 to 3c per dollar or maybe even more because of the spread.

admin answers:

Sounds like you need more signals/software than you have.

This may or may NOT be new to you. But personally, I use what’s known as the Forex Autopilot System.

I generated about $4000 in 3 weeks on autopilot. And this is just 1 of several accounts I let my robot trade for me . I’m still a bit nervous about trading on multiple accounts as this is new to me and i’m not rich yet, BUT…i started off with about $1000…so that’s a pretty good gain.

Anyways, here is a link to the program/software I use for this.

Let me know if you have ANY questions, and I hope this helps.

http://www.squidoo.com/Forex-Course-Trading-

Jeff

admin answers:

It will take more than one year…..maybe even 2…

admin answers:

If you’re dealing with a market maker then it’s quite easy for the broker to manipulate feeds and delay orders. ‘Dealing desk execution’ delay is the scourge of low cost forex brokers.

Try placing a market order even during normal trading hours and you’ll see a 2-5 second delay in your order being executed. Limit orders are safer, but have their own limitations.

Some forex brokers give you a choice between ‘best price’ and ‘fast execution’. Look into that if you’re trading forex with a market maker.

Http://forex.ellsed.com

http://brokernightmare.ellsed.com

admin answers:

There is a lot of fluctuation, play the market is risky

admin answers:

You can see here:

http://www.cheforex.com/corsi-forex-in-lingua-inglese/

bye

admin answers:

Hi,

Actually there are 3 main things in fx:
1. Good trading system.
2. Money management.
3. Don’t be greedy.

With $340 you can trade mini lots too. Yes, it’s difficult but you still may win.
You should trade 0.1 lot for such amount. When your trading balance reach $400-500 then you could trade with 0.2 lots; from $600-700 – 0.3 lot and etc. Start trade with 1 lot only when your trading balance exceeds $10K.

Don’t set big targets.

Try to enter not from market but by the pending Stop Sell or Stop Buy orders, which should be placed on the pick of swing.

Always use Stop Loss orders.

Set Take Profit targets and Stop Loss orders accordingly Fibonacci levels.

Don’t be greedy. Remember all even biggest journeys begin from small first step. So don’t set big Take Profit targets.

If it solaces you probably there is no one trader in the entire world who didn’t lose his first deposit. Just some of them hiding it or even afraid confess themselves.

Another very important thing – is your broker honest?

But forex trading is really most exciting and most profitable business in the world. Well, at least for me.

If you have any question please don’t hesitate and e-mail me.

Good luck!

admin answers:

U.S. Dollar

UDN <~~~ bear
UUP <~~~ bull

Do your own research to see if this is really what you want to invest in.

admin answers:

Since you are only starting small, I see no harm as you have at least familiarized yourself with forex trading.

But generally the amount is too small unless you make at the beginning. Forex trades are never consistent and you can have dry spells.

admin answers:

You can easily maintain the forex trading accound , you want to more detail please visit

http://www.forextradingoffice.com

admin answers:

Foreign Exchange (Forex) is a money market where one nation’s currency is traded for another. It is the world largest and most liquid financial market. It is operated through a global network of central banks, banks, governments, financial institutions, corporations and individual speculators. It is a 24 hour market that operates during weekdays. Saturday and Sunday are not trading day. The activity in a Forex market basically involves currency exchange between central banks, banks, governments, financial institutions, corporations and individual speculators between nations. Daily Forex trading volume exceeds trillions, which is way to0 big for stock market to compare with. Today, most of the Forex brokers not only offer traders to trade major currency pairs (EUR/USD, USD/JPY, GBP/USD) but also some cross currency, gold and oil. With help of computer technology, traders can basically trade anytime and anywhere as long as there is a connection to Internet available.

admin answers:

Forex trading is lot more riskier than trading in other kind of securities. So be very careful before you enter the trade

admin answers:

It is difficult to equate demo account trading results to real world trading profit potential. As others here have pointed out, the use of real money may have a way of changing your trading behavior.

One way to combat this is to find and use a forex trading robot with your demo account. If you like the results in the demo account, use the same robot and exact same trading strategy in your real account. I would also recommend you trade in small lots until your system proves itself.

Remember, the forex market moves very fast, and you can lose money just as quickly as you can make it. Learn how to control your trades to maximize profits and minimize losses (this is the promise land for forex traders).

admin answers:

The rules apply to the country that the exchanges are in not to where the brokerage customers are. The US SEC rules about Day Trader Patterns apply to the Canadian customers because IB trades through the American exchanges. Perhaps if you selected stocks traded on the TSX instead of the more well known stocks on the American exchanges then you may not be subjected to the SEC regulations.

I don’t know what are good online brokers in Canada but it does seem that the Banks operate their own online trading services i.e.: RBC, BMO, and Scotiabank, the trusts like TD bank and CIBC seem to only allow trade in mutual funds. I suspect they would cater towards their customer base who typically would not day trade but you never know.

admin answers:

I had Etrade and Scottrade and got rid of Etrade for the service fees. Once I had the portfolio I wanted with good stocks paying dividends, they would hit me with inactivity fees of $40 if I didn’t keep trading.

Their customer service could care less when I called them, so I dumped them.

I also like the trade ideas of Scottrade and the $7 trades, starting with your first trade. Scottrade has a nice setup for buying bonds and CDs.

This may not be what you are looking for, but it answers the question which of the 2 brokers I would and do use.

admin answers:

This is my personal website

http://www.24forextrading.com/

where you can find a lot of answers in your questions.

And this is the company which I trust for my investments. No problem with them the last 4 years.

Http://www.easy-forex.com/Gateway.aspx?gid=94483

But if you want more info, just send me a pm.
I hope that it was helpful.
Source(s):

http://www.24forextrading.com/

http://www.easy-forex.com/Gateway.aspx?gid=94483

admin answers:

Check to see if you can customize your trading platform to add/delete any stock/option parameters. I can customize on two of my trading platforms. Ask your broker if it is possible and if not ask them how to get IV on a stock option.

admin answers:

I must checked the website. Yes, the commission rate is low at 39 cents for 100 shares, but the story doesn’t end there at all—look under “account fees” and you’ll quickly see that you can be eaten alive, quick as a wink!

This isn’t one I’ll be recommending my people.

Len

admin answers:

If you think people are just cleaning up profits with Forex Robots……. You need a reality check.

Do a few work??? Yes.

Most are total rip off’s. The few that “work”, will only work for people with years of highly successful forex trading experience.

If it was sooooo easy……. Everyone would be doing it. Thinking you’ve found the answer to making real money through a computer program is naive at best.

admin answers:

None whatsoever,don’t waste your cash on total crap…

admin answers:

Hi again

I highly recommend Forex Eurobot.

- Is extremely simple and easy to install and use;
- Gives you extremely high and consistent profits – remember that the average win is 10 times the average loss…
- Has built-in risk management. Besides making you money, EUROBOT is always managing your trades, 24 hours a day, in order to minimize your risks and maximize your profits;
- Has an incredibly low draw down;
- All trades use SMART trailing stop loss and take profit;
- Optimized for EUR/USD that makes this EA ultra accurate
- Will make you a lot of profits no matter your account size;
- Works with any Meta Trader broker;
- Has no learning curve.

admin answers:

The best way to find a good trading robot is by reading reviews on multiple websites. Will leave you some links on the sources box with Forex reviews websites.

admin answers:

I bought the 3 of them, and In my opinion between those 3, Megadroid is the best. Fapturbo used to be good but no longer works for me, and Ivybot was simply a waste of time.

In my opinion the best robot so far is Turbo Robot.

admin answers:

Try this it might work… Http://tinyurl.com/3tcla4v

admin answers:

Don’t try it; you will more than likely end up losing all your money.

admin answers:

You have signed up for a spammer site. Run while you still have some cash.

If anyone had reliable and repeatable forex analysis, they would spend their time trading to become wealthy. They would not sell it to you for small amounts. The premise is absurd.

It is incredibly easy to construct a wonderful track record looking back in time. Do not be so naive as to mistake that for the real thing.

admin answers:

First of all:

Do NOT buy into the forex robot hype! They are 99% worthless especially for a beginner trader.

I would focus on these things:

Read as much as you can about basic forex education

Open a demo account or make small deposit

Decide how much you are willing to lose and dont deposit more than that

Join an online forex course from a reputable teacher

I have a friend who makes most of his income trading forex and these were the steps he followed.

Please don’t be a victim of the get quick fast money schemes!

admin answers:

No assurance. You need to extensively educate yourself to achieve that. You may download a free forex ebook and a free demo account from this site for your readings and practice. All the best.