Tuesday, September 25, 2012

1CMS Forex

1CMS Forex


Q&A: How can I make money using Forex (Foreign Exchange)?

Posted: 25 Sep 2012 11:49 AM PDT

Question by : How can I make money using Forex (Foreign Exchange)?
Hi, I’d like to start making a lot of money using the Forex (or Foreign Exchange) market. What product, bot or book or otherwise, should I use?

Best answer:

Answer by Joe
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. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.

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.

Give your answer to this question below!

Nice Forex Trading System photos

Posted: 25 Sep 2012 11:45 AM PDT

A few nice forex trading system images I found:

JPY300909-123b entry
forex trading system

Image by Tradingrichmom
Rich Mom’s system signals entry – testing 1-2-3b entry:
10:00 $ JPY sell @ 89.75, S/L 89.83, exit when CCIx 114 up, then -149 up
Exit 11:10 @ 89.52 (hit trailing SL) = 23p. profit in 50 min.

Dagmar
Trading results that make you say W.O.W.
Follow me on twitter.com/tradingrichmom

How To Choose The Forex Trading Software

Posted: 25 Sep 2012 08:45 AM PDT

fxhelp4u.com MT4 Indicator Candlestick Patterns with a forex trading software online is to operate. Learn a few things you should know before getting a piece of software.
Video Rating: 5/5

What are the main differences between stock options and forex options?

Posted: 25 Sep 2012 08:02 AM PDT

Question by : What are the main differences between stock options and forex options?

Best answer:

Answer by Dave B
Same basics, just different underlying. Watch margin differences in the underlying – it all increases volatility of the underlying trade. BS comes out all different for valuation on account of it.

What do you think? Answer below!

Where to get free forex charts and analysis?

Posted: 25 Sep 2012 03:53 AM PDT

Question by so5150: Where to get free forex charts and analysis?
Where can i get free technical analysis for forex pairs?

Best answer:

Answer by Xelam
you can get it from any site offering forex trading. check them out here. register to download a Free Forex Ebook and a Free Demo account as well.

Give your answer to this question below!

Nice Forex Trading Systems photos

Posted: 25 Sep 2012 03:53 AM PDT

Some cool forex trading systems images:

EUR0209
forex trading systems

Image by Tradingrichmom
Rich Mom’s system signals entry:
12:15 EUR$ sell 1.2880, S/L 1.2933, exit when CCIx -115 up
Exit 12:45 1.2857 (hit trailing stop) = 23p. profit in 30 min.

Dagmar
Trading results that make you say W.O.W.
Follow me on twitter.com/tradingrichmom
www.fortunemachine.info

Profit Forex Trading Copying eToro Traders

Posted: 25 Sep 2012 12:44 AM PDT

www.etoro.com Profit Forex Trading Copying eToro Traders Beginner Traders: Pick out experts to make your guru — follow their trades, determine their trading method and copy the trades you like Track the ongoing performance of any trader through a series of simple tools and keep easily informed on everything they’re doing Experienced Traders: Recruit followers via OpenBook and get recognized for your skill. See how other hotshots trade, and spot more of the right opportunities as they happen. www.etoro.com

How Forex technical analysis works?

Posted: 24 Sep 2012 11:48 PM PDT

Question by Pedro P: How Forex technical analysis works?
I read a couple of books about it but I still find dificult to actually do it.

Give me some insights please.

Best answer:

Answer by Panda Ken
It doesn’t work.

Give your answer to this question below!

Overseas banks enter China market

Posted: 24 Sep 2012 11:48 PM PDT

Some cool market forex images:

Overseas banks enter China market
market forex

Image by bobbyxinhua
Two Shanghai citizen were waiting ouside the Citibank branch on the Bund. Four overseas banks: HSBC, Citibank, Standard Chartered Bank, and Bank of East Asia, got their business licence and were approved to establish locally registered branches to operate in China. They were allowed to start a full range of forex services and RMB business.

The Foreign Exchange – “I Wanna Know”

Posted: 24 Sep 2012 08:58 PM PDT

Video Rating: 4 / 5

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