Forex Trading
How do I choose a forex trading system?
Question by Newbie: How do I choose a forex trading system?
I am new to the forex market and am looking for a good trading system that actually works. Can someone point me in the right direction please?
Best answer:
Answer by VP
Actually nobody can provide you with perfect for you trading system because everyone of us are different people we have different viewpoints, different characters and different trading ballances, therefore system which is very profitable for others may not suit to you.
Only you can and must create your own trading system.
Some books will help you. Of course you should have study others’ trading systems too. But finally you should create it yourself.
If you have any question please don’t hesitate and apply to my via e-mail or pm.
Good luck!
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Q&A: Where is the good resources for me to start with Forex?
Question by : Where is the good resources for me to start with Forex?
Im a new beginner in Forex, who can tell me where to find good resources to start off with?
Best answer:
Answer by moserw
Do check out http://bit.ly/94IFhU rated very high for lots of Forex earnings.
Other online business you can check out http://bit.ly/cfusPV
All the best.
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Q&A: What is the Best Forex Broker Offer Automated Forex Trading System?
Question by Dale: What is the Best Forex Broker Offer Automated Forex Trading System?
Hi everyone!
I am new to forexfactory calendar and have only just found out about all these automated forexfactory calendar robots and such that are supposed to really take a lot of the risk out of forexfactory calendar trading. I need an real working automated forexfactory calendar robots, automated forexfactory calendar system that really works. Can anyone suggest a good one?
Thank you!
Best answer:
Answer by Pat
You can get the Leading Automated Forex Trading System Here for Free:
http://www.ava-fx.com/
Avafx has a forexfactory calendar autotrading service called Avafx Auto Trader, a platform that allows its forexfactory calendar brokerage clients to choose from various trading signals providers and have those signals traded automatically in their live trading account. With a free 30-day demo, decent web-based platform and comprehensive signals performance, the Avafx Auto Trader is a very good broker-based service to look at when comparing autotrading providers. This service does come highly recommended for traders looking to add autotrading to their forexfactory calendar portfolio.
Firstly, the Avafx Auto Trader platform is fairly easy to navigate and start up its 30-day demo. The demo allots an account of $ 100,000 to trade with. Avafx allows trading on 23 different currency pairs. The performance page is very comprehensive to compare and choose from the hundreds of expert trading signal providers: you can filter the trade signal providers by profit($ ), max draw down, profit factor, date started, average pip profit, winning percentage, and currency pair. You can also set your maximum number of trades that you wish to be open for your trading account, your lot sizes per signal provider, or maximum stop losses per trade provider. Right away you can pick up to 10 different signal providers, choose pairs and lot sizes, and have the platform take over from there, automatically trading your account with your selected trading signals. Your computer does not need to be on for the signals to be traded in your account, as this service uses a remote server.
Now, to go live with a live autotraded account there are a few rules. Your trading account minimum investment is $ 1000. Also, Avafx charges you 1 pip commission on each round trip trade on top of their normal spread to use their autotrade system. Seem unfair? Not really. Comparing ZuluTrade to Avafx Auto Trader, Avafx actually comes out on top. Yes, ZuluTrade does not charge a commission, however comparing the best signal providers, Avafx appears to have the best performing signals. Avafx’s performance comparison is actually much more user-friendly than ZuluTrade’s performance page: you can quickly compare important trading system factors like risk adjustment rate (RAR) and profit factor which cannot even be determined on ZuluTrade. Both do provide maximum drawdown for each signal provider, which is one of the most important. But when looking at the RAR, total pips accumulated divided by max draw down, the Avafx providers have a much better RAR than the ZuluTrade signals providers. Is that worth the 1 pip commission per trade? Absolutely. Now, if your trading account is $ 50,000 or more, you are then a VIP level account which means you will not be charged the 1 pip commission and you will get a better deal on the spreads as well. Another thing to note: Avafx is an approved broker for ZuluTrade. So, if you try out Avafx Auto Trader signals and are not impressed, then it will be very easy to set up a ZuluTrade account using Avafx as your broker.
On the negative side, the Help section and Support Center are not very helpful regarding the Auto Trader. However, the Live chat help was very responsive and they answered most of my questions quickly. There was one question that remains with Auto Trader: there is a very large disclaimer at the bottom of the trading platform about “Hypothetical trading results and performance data”. It is unclear if Avafx Auto Trader signals providers are using live trading accounts or DEMO accounts for their trading performance data. I would think that DEMO trading is likely to be less accurate than live trading performance data. Avafx support did not answer this question directly. Also the Avafx Auto Trader does not have the Margin-call-ometer that ZuluTrade does, which is a very nice feature that explains and guards against account margin calls. However, Avafx’s platform does have some decent features to help clients remain positive and not margin call their accounts.
In writing this review, only a demo account was used to try out the system and platform. Avafx insists that the platform and service are identical whether trading demo or live with them.
Overall the Avafx Auto Trader receives 4 stars and comes highly recommended.
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The Forex Edge: Uncover the Secret Scams and Tricks to Profit in the World’s Largest Financial Market Reviews
The Forex Edge: Uncover the Secret Scams and Tricks to Profit in the World’s Largest Financial Market
Generate greater profits while protecting your investments in the world’s largest market Much has changed since leading forex expert and educator James Dicks introduced retail investors to trading in the foreign exchange currency market. The market’s daily turnover has grown considerably, and more and more traders are achieving financial success by trading currencies—many thanks to Dicks’s advice. Now, in The Forex Edge, he warns you about the less-than-honest practices and elaborate sch
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How do I pay income tax on ForEx earnings?
Question by aa: How do I pay income tax on ForEx earnings?
This is my first time for paying income tax on ForEx, being a US citizen i believe i have to pay tax on forexfactory calendar income, but i have no clue what do i have to do for that. Thanks for your help.
Best answer:
Answer by tyler
Normally you need to file them as capital gains or losses (like you would with stocks or options).
But you can make a special election that will allow you to split them as 60% long terms capital gains and 40% regular income, which is advantageous for tax purposes since long term capital gains rates are lower.
http://www.onlineforextrading.com/learn-trading/forex-taxes
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Why Do Traders Chase Trades…and a Cure
www.forexstrategysecrets.com Learn to read when the market is moving in a trend then trade in that direction. If you are in a trade and it moves sideways you will most likely be protecting profit.
Video Rating: 0 / 5
Learn To Trade Forex – www.LearnToTradeTheMarket.com
How to get a free trial of Megadroid Forex for my practise account on Forex Trader?
Question by : How to get a free trial of Megadroid Forex for my practise account on Forex Trader?
I recently got a practise account for Forex Trader and i would like to try out Megadroid Forex to see if it would be worth getting with a actual account on Forex
can you give me a web link where i can get a free trial of Megadroid Forex for my practise account?
Best answer:
Answer by jack
hi,
here u can find best a list of forexfactory calendar trading platforms to practice or for real trading which most traders use
————————————
http://forexplatformslist.com
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good luck
Give your answer to this question below!
What is the best forex software for beginners?
Question by OldYoungGEnius: What is the best forex software for beginners?
I am thinking about getting forex megadroid, the new Fap Turbo. I want to know is it good for beginners. I have Fap and it is good I guess, but I am a noob and want to hear from anyone who has purchased it. I read the reviews ( http://forexrobotsystems.info ) but I am still not sure. I have heard only good things about it but then that’s to be expected from reviews.
Best answer:
Answer by Kosio S
For this money you can buy the best auto trader software on the market Gomega Xray – http://www.tradebit.com/filedetail.php/6772946-gomega-xray–profitably-trade-on-auto. This is a great deal, because the price is reduced from 5000$ to 100$ for a while.
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What Is a good Forex trading platform for beginners?
Question by : What Is a good Forex trading platform for beginners?
I am a forex beginnier, but i have to no idea which platform to choose.
Best answer:
Answer by tjfinvestor
Hi Susan, Forex trading is for very advanced traders with lots of capital. Before you start trading for real, I would recommend that you spend a lot of time trading on paper. My recommendation would be TD Ameritrade. I am not a forex trader but, TDA gets high marks for their trading platform.
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Forex Peace Army|Sive Morten EURUSD Daily 11.14.11
Professional Forex Trading analysis by Sive Morten with Forex Peace Army. Videos are recorded fresh daily to help forex traders stay profitable.
Video Rating: 5 / 5
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