Which is the fast (or fastest) forex trading system? It may be a software or web based system. Pls see details?
December 31, 2009 by IM Strong
Filed under Forex Trading Guide
I want to know that which is the fast (or fastest) forex trading system?
It may be a software or web based system (Please provide links). But, please help me, which broker (or trading system) works faster?
I would be more thankful if you could guide me with your experience.
thanks in advance.
Most reputable forex broker do offers a rather stable trading system. It rely on your internet connection speed for the speed.
I would suggest you to sign up demo account with few forex brokers, try out the trading system yourself to find out which is the best for your location.
Good luck.
Where can i find free forex trading strategy?
December 26, 2009 by IM Strong
Filed under Forex Trading Strategy
Hi Mohamed,
I guess the main questions is what kind of strategy do you want? Do you like technical analysis where you watch charts and patterns all day? This technique helps you make an educated guess which way the market may move.
Do you prefer the excitement of trading on news releases and based on history and predictions take a guess at which way the market will move?
Or do you prefer something like hedge trading where you can make money whichever way the market decides to move? Now I need to warn you, investing with a hedging strategy is not as exciting as technical trading or getting up early for news releases. Hedging trading is a long term investment strategy where you settle for a more conservative approach in generating consistent long term profits.
The problem is that with hedge investments you will have to find something else to occupy your time during the day:)
I’d be happy to send you some info on any of these three strategies.
May all your guesses be good ones.
I am looking for a profitable forex strategy, day trading?
December 22, 2009 by IM Strong
Filed under Forex Trading Strategy
I need a good strategy that can build my capital to a full time income.
I’ve read a lot about Forex, but I’ve never seen a proven profitable forex strategy, despite the claims of some scam web sites. 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.
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.
How the forex trading (iFOREX) is reliable and how much can some1 earn from it ?
December 18, 2009 by IM Strong
Filed under Forex Trading Guide
Hi All:
I have been contacted by an account manager of forex trading company iForex and I was suggested that if would join their team I can earn around $1000 per month.
Can someone please guide how these sites are reliable and what about the FOREX trading business and how this compnay (iFOREX) is also relaible if anybody knows it personaly or earning anything from it.
A few months ago, I was asking the same question about iforex.com
Dude they are liars and cheating people.
Read this blog to know more about them-
http://www.xomba.com/iforexcom_fraud
http://iforex-fraud.blogspot.com/
http://in.answers.yahoo.com/question/index?qid=20090818013152AA4nQBn
http://forums.babypips.com/forextown/28152-iforex-com-scam-what-your-experience.html#post128321



