Comments on: Find The Advantages Of Forex Trading

By: Matthew C

Matthew C — Mon, 26 Oct 2009 15:42:39 +0000

Trading robots can bring in HUGE profits, only if its a good one. That is the secret, finding a robot that actually has proven success.

For those of you who say there are no good trading robots (also more professionally known as expert advisors) out there, check out the Automated Trading Championship

http://championship.mql4.com/2007/

The 2008 champion just started but you can already see how well some our doing. In the 2007 championship the winner made $10,000 turn into over $130,000 in just three months. Now tell me that trading robots don't work…..

But More than 95% of all robots are worthless. Whoever is selling it claims that they have huge success, just to get you to buy it. If you are curious to which are legit, an easy way to see is to check and see if the website your buying it from has any contact information, such as tech support or at least just an email address. But don't base your purchase on this factor alone.

If your looking for an inexpensive start in automated trading, the link I listed below sells a package that comes with a few different trading robots. Its what I have been using for the past few months now and I have made some really good profits. sorry to brag =)

By: maxatkur83

maxatkur83 — Mon, 26 Oct 2009 13:17:15 +0000

A currency option allows the trader to buy or sell currency for a certain price at a certain time in the future. An ‘option’ means you can choose – you choose the price you want to buy or sell the currency and you choose the time you want to buy or sell. You make these choices before buying the option. But, an option also means you can choose if you want to buy or sell when the time arrives. You are able to decide against completing the deal if that is what you choose.

Traders choose option trading because they are uncertain about the direction of the market. They might be concerned about future changes in currency exchange rates. Option trading gives you a chance to wait until the market conditions are right for you.

Say you want to make sure of a foreign exchange rate for a period of time. It might be 30 days from today. (You can choose a date, which might be any business day up to six months from now). You establish an option deal. You decide that you will be able to buy (call) USD 10,000 and sell (put) Euro (EUR), for the next 30 days, at a certain pre-set rate that you choose (called the ‘strike’). The strike you choose is 1.0700 USD per EUR. You can either: Keep the option until maturity or Execute the option before maturity, meaning you perform the action granted to you by the option. If you keep the option until maturity, two things can happen: the EUR/USD rate is less than your strike when the deal is executed – say 1.0400 – you profit, the EUR/USD rate is more than your strike when the deal is executed – say 1.1000 – you lose your premium. The amount you get depends on the difference between the rate at the time the deal is executed and the strike you choose. If you close the deal before the maturity date, you get value for the time that remains. If you need more info on options trading, you may refer to the source below. All the best.

By: Wiickid

Wiickid — Mon, 26 Oct 2009 11:29:10 +0000

HI !
Your problem is called spread. Spread is the difference between bid and ask price. Spread price depends on a brokerage company.
If you wan to learn more you may want to check out some course so you wont loose more money.
I suggest forexonlinecourse.com. And help with your trading check out forexonlinesignals.com.

By: Alex U

Alex U — Sun, 25 Oct 2009 15:58:14 +0000

Both are risky. Forex is even more riskier because of the amount of political factors involved.

Both should be avoid by beginners. Be an investor, not a speculator.

By: enricog24

enricog24 — Sun, 25 Oct 2009 08:32:27 +0000

You take a "Forex position" when you enter the Forex market buying or selling a specific currency pair at a specified price. The size of the position is determined in "lots" or units. For instance, lets imagine that you have a Forex account that you funded with U.S. Dollars. The first trade you decide to take is to buy 100,000 units of EUR/USD. At the moment you buy those 100,000 Euros you simultaneously sell the difference in the exchange rate in Dollars (136,000 approximately). If the price of the EUR/USD at the moment you bought was 1.3600 you now hold 1.0 lot (commonly referred to as 1 standard lot or 100,000 units) of EUR/USD long. If the value of the EUR/USD climbed to 1.3700 and you exited (or converted your euros back to dollars) you would have made $1000.

I am sure, you now have many more questions. I believe it would be much easier if you took one of the free Forex courses online. The easiest is http://www.babypips.com/school but you can google to find others if you prefer.

As for the advantage of Forex now over other asset classes. Well, the biggest advantage is that there is no such thing as a bullish or bearish Forex market. You can make money Forex, no matter the market condition if you know what moves the currency market, take a disciplined approach to trading the market, and have a solid trade/cash management strategy.

As for the claims by many that Forex is a "scam," let me say this. Do people lose money in Forex? Sure. Are there companies out there willing and able to steal money from unsuspecting Forex newbies? Absolutely. But if you are careful, smart and educate yourself about Forex you will be fine.

The potential in the Forex market is unlimited – but the dangers are also great. Take your time. Don't rush into it. Find a few mentors and you can make it.

By: maxatkur83

maxatkur83 — Sun, 25 Oct 2009 01:01:09 +0000

I find forex much more easier and profitable from stock. especially during recession.

Regrads

By: e4lscom

e4lscom — Sat, 24 Oct 2009 22:54:15 +0000

Love and Romance Magic Making Money
Marketing Music Other
Psychic / Paranormal Resell Rights Sex / Adult Interest
Sport Stock Market Stories
Web Design

By: e4lscom

e4lscom — Sat, 24 Oct 2009 22:27:22 +0000

Amazing Collection of more than 600 Ebooks ( instant Download!) Adsense Affiliates Animals & Pet Care
Auto-Responders Baby Tots Betting and Gambling
Blogs Business Computer
Crafts & Hobbies Dieting Tips EBay
Email Financial Food and Drink
Forex Gaming General Finance
Get Rich Health and Beauty Home /Gardening / Life
How To Guides Hypnosis Internet
Jokes Keeping Fit Languages

By: Sisyphus (Vinaya zealot)

Sisyphus (Vinaya zealot) — Sat, 24 Oct 2009 15:36:07 +0000

sisyphus,

the following are some of the reasons i could share with you why trading forex is advantageous compared to stocks;
*forex is traded 24 hours a day from Sunday evening (20:00 GMT) to Friday evening (22:00 GMT)
*liquidity – there are always buyers and sellers to trade with
*forex is often traded without commissions which makes it very attractive as an investment opportunity for investors who want to deal on a frequent basis.
*leveraging – with a minimum account of USD 10,000, for example, you can trade up to USD 500,000.
*profit potential- there are always trading opportunities, whether a currency is strengthening or weakening in relation to another currency.

for more info, you may check this site and register to download a Free Forex Ebook and a Free $50k Practice account as well. all the best.

By: cpasgroup

cpasgroup — Sat, 24 Oct 2009 14:28:14 +0000

I bet you are thinking… hmm… maybe I can escape from paying some tax? I don't think so… as a US citizen you are obliged to pay tax whereever you make your money.

Unless you make a company offshore.. another legal entity and set it up so you are an employee… etc etc..