Do you have some advices for trading at Forex Market (Fx) ?

Hello. I have a little experience trading Forex but last year I didn't have so much time for trading at Forex Market. However I want to trade again.

For those who know and have traded in this big financial market, do you have some clever advices to make buy/sell currencies at Fx ? I have an easy-forex account, where you can start trading with 12.5 €, 25 € 50 €…. It is a good forex market site ?
Thanks

Hi Franz,

Welcome back into the world of Forex.

Anyone can learn how to successfully trade in the Forex market. However, it takes knowledge, discipline, self control and sound money management principles.

I see two challenges with starting an account with less than $1000.

First, the market moves both with you and against you. That is just a fact of life. You need to trade with a conservative margin and have sufficient capital to withstand any negative moves.

Second, due to the risks associated with the Forex market you need to only trade with monies that you can afford to lose and most people with less than $1000 cannot afford to lose it.

That being said, you can certainly sharpen your skills utilizing demo accounts while you are perfecting your trading stratgies. And concurrently you can build up your investment funds.

Good luck to you and please let me know if there is anything that I can assist you with.

Is it feasable or reasonable for a 19 year old to use and invest in the forex market?

Approximately how much is a good amount to start with? i am going to go to forex.com and do the 30 day free trial and see how I do.

Also for people who know forex and use it, how many hours do you spend a day or a week, and how much do make. Tell me weekly or daily or anual income.

I will have about 5G's to invest, i was wondering whether i should throw it in forex.com

Thanks

With no investment experience and you want to jump right into trading currencies/ futures? I have been trading stocks for 19 years, options for 15 years, and I still wouldn't touch the futures/ currency markets.

Unless you are a government or a major corporation trying to hedge dollars verses foreign currency, you are speculating. if you don;t know what you are doing, you are just gambling.

When trading currencies, you are trading against world banks, not a bunch of small investors.

Sure, you could have beginners luck and make some money on a trade or two. Long term is that one or two trades will blow up and wipe out what you have.

You are also looking at trading a 24HR market. It is generally not wise to be in this market if you plan to sleep unless you ahve hedged your bets.

if you really want to gamble in this market, you may want to consider buying options on currencies or options on futures. That way you can only lose you entire investment.

If you buy straight (leveraged) currencies/ futures, you could be risking up to 100x you investment. if you are wrong, you will have to settle in cash.

A good compliance officer will not allow an inexperienced person begin trading Forex with little capital, and little assets.
(SEC Rule 405)

The notion of unrealistic investment returns to be able to "quadruple your investment in 12 months." 400% annual return? is about as unrealistic as all the hype I see posted on Y!A all the time.

Soliciting investors subject to SEC and CFTC advertising rules and SEC Rule 405.

What I would suggest.

If you don't need the funds for 5 years:

1. ROTH IRA (no fee account – Fidelity.com has one)

2. Invest S&P500 Index (no load fund or the stock index: SPY)

3. After 5 years you can take out the principle with no penalty. The remainder stays in the account until retirement (59 1/2) and is tax free at that age or after; and you can take up to $10,000 to buy a first home with no penalty.

Just give it some thought.

Good Luck!

What will happen to the Forex market if things keep going down hill?

No one ever seems to talk about the Forex market.

Actually the US dollar has been doing well during the recent crisis. Since this is a global financial event, foreigners think the dollar is safer than a lot of their home currencies.
In the Forex market, you're always comparing one currency to another- it's not like the DOW that either goes up or down. So if the dollar goes up versus the Euro, one is going up while the other is going down.
They don't like to talk about the Forex because the PTB (Powers That Be) would prefer that you invest your money here in the US of A. If you buy Euros or British Pounds or whatever, you're investing overseas.

Tips to Remember Before Using Automated Forex Trading Systems

The use of automated forex trading system has long passed the stage of contemplating because many more traders are signing over to trading their forex accounts with the help of forex systems designed by mathematicians using some complex mathematical algorithms.

However, with this you get a lot of mixed reviews on what works and what is complete scam. With that said it is clear that most problems faced by traders using such systems can be more of the traders fault than it is the system. Some of the tips that I have outlined from personal use of such automated trading system is as follows:

• First make sure you understand fully what the basics of forex trading are before you go into using automated systems. Reason for this is because though you can use majority of the systems as a complete novice to forex trading, but it’s not to your best interest because there are blind spots in using automated forex system which you can only identify if you have the slightest idea what exactly the system is doing.

• Every automated forex trading system comes with a step-by-step set up manual which you must follow to the book irrespective of your forex trading experience. For the system to work properly you must first set it up properly as this is the case with most traders who hurriedly set up a system and therefore find that they are getting different results from other traders.

• Always go for the upper limit required starting capital. Even though the system might give you a lower limit capital it is not advisable to go with the lower limit.

• If you live in an area with erratic power supply you might want to think in the line of getting a back up power supply for just your computer as most of the automated systems require that you have your computer running to allow the software continue to analyse the market. This is even more important if you have a live trade on.

• Finally do yourself a favour and test every automated system either by using a demo account or a live mini account. By so doing, if the system is complete rubbish you won’t find out the hard way. Good luck in your trading.

Technological advancement has made it possible to trade forex using expert advisors. One of the best expert advisor that i have personally used is the fapturbo which can be downloaded here: http://www.fapforex.info

Weekly Trading Update - 21-25 September 2009

Many people enter the world of forex trading with the aim of making as much money as possible. However the assumption that most people make is that they need to be trading lots of positions in order to generate these big profits.

This is not necessarily the case though because it can be just as profitable (and it most cases a lot more profitable) to trade the longer term charts. More on Free Forex Trading Video - How To Get Rich Slowly

Capital Investment

When you consider the time you will need to trade forex compared to the hours you currently work, and the capital you require to set up your trading account, it is clear that this is the ultimate business opportunity. With limited infrastructure and no clientele and staff required, you can control the success of your own business.

So what is your capital investment?

You will need a computer and Internet access. We recommend the following configuration:

Hardware and software specifications.

• Microsoft Windows NT, 2000, Millennium or XP
• Pentium III 233mhz, RAM min 128mb recommended
• 1024 X 768 screen resolution
• Broad Band Internet connection

In addition, you will have to open a live account. The minimum amount for opening a standard account is $2500 and $250 for a mini account.

Technical Analysis in The Forex Market.

Technical analysis is considered to be the opposite of fundamental analysis. Technical analysis looks at the past performance and history of an investment. It relies on data showing this history and current trends and patterns to make predictions of future market activity. It ignores the intrinsic value of the investment in favor of its statistical abstract. The Forex market lends itself to technical analysis rather well. The history of the value of currency pairs is a matter of statistical record and can be easily accessed. Its supporters claim it is the only sure way of understanding the market and predicting its future. This is especially true in the Forex market. Fans of technical analysis say that the economies of modern nations are so very complex that they can not be accurately predicated. It is only in the study of the past history of the currency and the trends that are revealed that a possible glimpse of the future be found. To better understand the difference between fundamental analysis and technical analysis consider this example. If you were interested in determining what flavor of ice cream was the best to buy, the fundamental analyzer would go into the ice cream store and try several different types. He seeks its intrinsic value. The technical analysis man would sit outside the store and take notes on the flavors others are buying to decide which was the most popular and therefore most likely the best. He does not look at the intrinsic value, but relies on the data he gathers from others to make his decision. Of course, in the end, it is going to be his own preference that settles the question, and this is true of the market. Both fundamental analysis and technical analysis are mere tools that help you make the decisions that in the end only you can make. To learn an amazing breakthrough system that can skyrocket your trading profits, go here: http://budurl.com/fore