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Posts tagged "best"

What is the best way to learn fundamental forex trading?

Question by hando59: What is the best way to learn fundamental forex trading?
Is forex trading worthwhile as a second income generator?

Best answer:

Answer by Shem
get a free forex e-book from this site. better still, register to learn more.

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Posted by JasonRocker - August 27, 2012 at 6:36 pm

Categories: Forex Questions   Tags: , , , ,

Which is the best way to become a millionaire on the stock/forex markets; speculating or investing?

Question by William M: Which is the best way to become a millionaire on the stock/forex markets; speculating or investing?
Just curious as to which option is the best option if you want to become a millionaire on the stock/forex markets out of speculating or investing? Also, which is the best recommended and what are the advantages/disadvantages to each of them?

Best answer:

Answer by relaxed_trader
‘best’ is what works. ‘best’ is also defined by how long you’re willing to work towards your goal. ‘best’ is also defined by how much risk you’re willing to take.

If you’re in a hurry and are prepared to take on significant risks, speculating would be the way to go. If you want to take your time and not take on too big a risk, investing would be more fitting to your profile.

Also, take external influences into account, like what central bank decisions can mean for your strategy. Curious about that specific topic? Check out http://blog.forex-trading-ideas.com/?p=17

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Posted by JasonRocker - August 21, 2012 at 10:44 pm

Categories: Forex Questions   Tags: , , , , , ,

Which Forex Robot has the best results and easiest to use ?

Question by PaulParkins: Which Forex Robot has the best results and easiest to use ?
Im still confused on which Robot to get to start Forex trading. If anyone has any experience, I would love hear any pros and cons.

Best answer:

Answer by Joe
The Federal government warns there are a lot of Forex frauds out there, and these Forex robots appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud.

There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. You might meet a person called “Zboy227″ who says “I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/Zboy227.” The “/Zboy227″ tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission.

Take a look at Bob J’s website. If you click on the link for Fapturbo, you can see that he is sending you to the site http://www .fapturbo . com/?hop=gannon6 The “/?hop=gannon6″ means he gets a commission if you buy Fapturbo.

There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner’s luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive.

I may point out that websites that sell Forex robots admit there are a lot of scams out there. Of course they claim the other guy’s robot is a scam, but their robot works. If you do a web search on the words “forex robot” and “scam” you will find a lot of sites saying their competitors are scams.

I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works.

Add your own answer in the comments!

2 comments - What do you think?
Posted by JasonRocker - August 17, 2012 at 6:45 pm

Categories: Forex Questions   Tags: , , , ,

What is the best forex site for beginners?

Question by Joshua H: What is the best forex site for beginners?
I”m just starting to learn about the forex market and I am wandering witch sites are the best for newbies.Thanks

Best answer:

Answer by Ryan S
If your just starting out I’d go with these guys easy forex their trading platform is the easiest to navigate and learn the ins and outs. I’d also go to fxcm daily reports to get familiar with the technical aspects of it, they have great tutorials for beginners. There trading platform is a little to complex for the beginner though. Hope this helps
.

http://ads.easy-forex.com/Gateway.aspx?gid=110823

Give your answer to this question below!

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Posted by JasonRocker - August 8, 2012 at 3:25 pm

Categories: Forex Questions   Tags: , , ,

Q&A: What is the best Forex Auto trade robot to use?

Question by Pietpetoors: What is the best Forex Auto trade robot to use?
There are so many forex auto trade robots available. Which one is the best to use?

Best answer:

Answer by Brian A
Good question. So much buzz.

From my experience, I recommend forex auto pilot turbo. I have traded it for more than 4 months and I have been consistently profitable for 2 months. I traded on a demo account for 2 months prior to going live.

http://www.forexapt.com

At the same time, I have been trading megadroid. Seems very good but have been working on it for less than a month.

http://www.rctpaforexmegadroid.com

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Posted by JasonRocker - August 6, 2012 at 10:39 pm

Categories: Forex Questions   Tags: , , , ,

Q&A: What are the best Forex brokers for trade the news ?

Question by Franz: What are the best Forex brokers for trade the news ?
I’ve opened an account on GFT, but when trading the news there is a huge slippage between the stop buy price I wanted & the execution price. GFT has a dealing desk.
So, what are the best forex brokers for trading the news ?
Thank you !

Best answer:

Answer by mannoo2005
Easy Forex is The Best in That Field , Accurate and Trusted , u can take a look at their trading and register free for their great learning book at : http://www.directoryforex.com/?gid=94996

also, from my long experience in forex trading markets , i’ve tried many forex trading systems and the last one i used was “forex tracer ” and it gives me the best results, reliability and charting .
forex tracer which helped me get many really profitable trades .
It’s very easy to use and has many advantages , u can read more about at its website : http://www.forextracers.com

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Posted by JasonRocker - August 5, 2012 at 6:45 am

Categories: Forex Questions   Tags: , , , ,

Q&A: What is the best Forex trading strategy?

Question by Pedro P: What is the best Forex trading strategy?
I want to know your Forex strategy, when to buy, when to sell, when to wait.

Best answer:

Answer by Common Sense
You’re in for a big, rude surprise….. there is no such thing. Day Trading Forex, Stocks etc can take 3-5 years to master…. assuming you’re not one of the 95% that fail within the first year.

To believe someone could pass this type of information on to you via Yahoo Answers means you’ve got a lot to learn. Trading is an art & a science. Two of the most important factors are psychology and trading money management. Technical Analysis is less than 50% of the “formula”.

Two of the most well known FX Traders wrote a book titled;
Millionaire Traders
This book by Kathy Lein & Boris Schlossberg will be the start of many books you’ll need to read…… Start here… so you at least get a sense of what you’re up against.

http://www.amazon.com/Millionaire-Traders-Everyday-People-Beating/dp/0470452544/ref=sr_1_1?s=books&ie=UTF8&qid=1299186948&sr=1-1

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Posted by JasonRocker - August 1, 2012 at 10:31 pm

Categories: Forex Questions   Tags: , , ,

What is the best website to learn about FOREX Trading?

Question by : What is the best website to learn about FOREX Trading?
I would like to learn about FOREX Trading. I have no actual experience trading but I have good understanding of financial terms. Any information that would be easy to understand would be ok. Pref free. Thank you. :)

Best answer:

Answer by MaX
http://www.forex.com/Learn

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Posted by JasonRocker - July 27, 2012 at 2:38 am

Categories: Forex Questions   Tags: , , , , ,

What Is The Best Forex Trading Strategy?

Question by : What Is The Best Forex Trading Strategy?
I am in complete information overload and looking to find recommendations from experienced traders.
Please do answer, I am looking forward to some pro Forex traders. If you are trading Forex for a living it would be awesome to here your advice. Please help and give good info.

Best answer:

Answer by John
I can really relate to you as this reminds me of the time when
I started Forex Trading. See, Forex Trading is not all it is cracked up
to be.
All the brokers are advertising this quick money making skim,
open an account with $ 50 and make big money and other stuff that’s
not true.
My advice is to find a good Forex forum or group that teaches
Forex newbies. I know a lot of people that are Forex indicators
worshipers, but I don’t pay much attention to all that hype.
Most of the times indicators are just used by the broker as a
training tool or just to fill up their Forex training section.
In reality most of the indicators are lugging and are not
timely on the market.
Your Forex broker loves them as the indicators make you
pretty predictable. For example let’s say the Forex broker is
propagating a indicator. This indicator is calling for buying
or selling when such and such lines are crossing. The indicator
is also calling shorts when the lines are crossing backwards.
This makes you very predictable and helps the broker to
execute in the opposite direction.
By the way it is not a secret, that the broker sits on the opposite
side of your trade, especially if the broker is not a ECN broker
and is not a price maker.
Forex Market is huge, but for a retail Forex Trader like yourself,
the market is only as big as your broker.
One more thing to be very careful is not to trade the news.
A lot of those Scam Forex Brokers are widening the spread
during news times. You will be surprised, but some of them
are going as far as 90pips spread. See, the broker looses
control during the news trading due to very high volumes
and the only way to control is to take you out of the game
with a wide spread.
I have even seen my stops taken before my entry, now that’s
a roller coaster Forex.
The best Forex trading strategy for me is a Price Action Forex
strategy. Forex Support and Resistance strategy, Fibonacci Forex
strategy, Big Numbers Areas Forex Strategy.
For a Forex newbie, since I get asked a lot, I have found this
program to be pretty effective.
In any case take all the advice you can and good luck with your
Forex trading.

Know better? Leave your own answer in the comments!

2 comments - What do you think?
Posted by JasonRocker - July 13, 2012 at 6:49 pm

Categories: Forex Questions   Tags: , , ,

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