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July 29 2013

Question: Is Forex trading a good way to make money?

forex market

Question: Is Forex trading a good way to make money?

I need some opinions from experienced people about money trading in Forex. Is it really that risky?

www.goldsenze.com Answer:

It’s with nearly every market trading: If you know the market and know what is most likely to happen, you can’t go wrong with forex trading.

But if you think it’s not risky and you will earn money anyway with forex trading, I would suggest keeping your hands off it.

Just start reading about forex trading and learn what you need to know and see where it takes you.

But I would suggest learning by reading first instead of learning by failing.

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How much money should you have in your FOREX acount in order to earn an income?

FAQ: How much money should you have in your FOREX acount in order to earn an income?

I am planning to add funds to my online FOREX account and I am wondering what would be the appropriate amount of money to start off with in the account to where I can generate enough revenue to earn an income off my profits. I know you need at least $ 1000 just to play in the market but that amount is not enough to make money on. What would I need to have in my account to where I can start compounding the little profits that I make here and there?

Answer:

Earning a living with Forex is dependent on three factors. First, your starting account balance. Second, your actual performance level. And third, your living requirements.

If you are opening an account with $ 500…the answer is no…you will not be able to make a living at Forex. Even $ 1000, $ 5000, $ 10,000 or $ 25,000 would not be enough of an initial account size to make a comfortable living in the Forex market.

The next area of importance is your skill as a Forex trader or the effectiveness of the strategy that you follow. If you are a 50/50 trader and win on half of your trades and lose the other half you cannot make a living at Forex. If you have the time, the patience, the discipline and the knowledge to make at least 20 pips in 4 out of 5 days of daily trading you may have a good shot at making a living from the Forex market.

If you are looking for the best forex software, visit this site

http://the-best-forex-software-in-internet.blogspot.com/

This software is the best software that can help increase your trading profit and user friendly.

Best Wishes,

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  3. Q&A: How the forex trading (iFOREX) is reliable and how much can some1 earn from it ?
  4. Q: Is forex trading a safe way to earn lots of money? – goldsenze.com

July 28 2013

F-1 Visa student wants to trade in Forex market?

forex broker

Q: F-1 Visa student wants to trade in Forex market?

Hi, I have just recently came to US and would like to know if i can trade in forex market on F-1 Visa. My VISA prohibits me from working outside the campus but i am not sure if forex market trading comes under that. Also I can open an account with UK forex broker if possible

Someone please suggest me.

PS – I know forex is very risky business.

Goldsenze Answer:

Open a UK account if you can. US regulations are so stupid, you would be a lot better trading oversea’s. You won’t be reported but if you transfer large amounts to a US bank account, the bank will report the transactions and you will have to explain yourself. Good luck and try not to lose it all in the first week.

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F-1 Visa student wants to trade in Forex market? – goldsenze.com

forex broker

Question: F-1 Visa student wants to trade in Forex market?

Hi, I have just recently came to US and would like to know if i can trade in forex market on F-1 Visa. My VISA prohibits me from working outside the campus but i am not sure if forex market trading comes under that. Also I can open an account with UK forex broker if possible

Someone please suggest me.

PS – I know forex is very risky business.

www.goldsenze.com Answer:

Open a UK account if you can. US regulations are so stupid, you would be a lot better trading oversea’s. You won’t be reported but if you transfer large amounts to a US bank account, the bank will report the transactions and you will have to explain yourself. Good luck and try not to lose it all in the first week.

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  1. F-1 Visa student wants to trade in Forex market?
  2. where to find a forex broker with min trade size of 1000 in forex ??? – goldsenze
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July 26 2013

FAQ: In the day-to-day foreign exchange market what type of market participant demands the euro?

Q&A: In the day-to-day foreign exchange market what type of market participant demands the euro?

1. In the day-to-day foreign exchange market what type of market participant demands the euro? What type of market participant supplies the euro?

2. For few months, prior to your vacation trip to Germany, you find that the exchange rate for your U.S. dollar has decreased relative to the euro. If you were a U.S. citizen or resident, are you pleased?? Explain

3. Explain why a currency appreciation does not improve a nation’s balance of trade

Answer:

(1) Daily turnover in ForEx markets is over $ 4 trillion. About 40% of that, or $ 1.6 trillion is in euro trades.

http://en.wikipedia.org/wiki/Foreign_exchange_market

With a world annual GDP of about $ 61 trillion and so a daily GDP of about $ 0.16 trillion, the daily euro trade is about 10 times what is needed to actually buy the entire world GDP.

That means that at least 90% of the euro trades are for pure speculation – not for real hedging or use.

(3) If by “improve a nation’s balance of trade” you mean “increase exports and decrease imports”, the currency appreciation does not. But if you mean “bring exports and imports back into balance”, then when you have a trade surplus, it does improve the balance.

(2) If your currency is weaker, it means the other country’s products are more expensive.

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How can I meet some interested investor? – goldsenze

forex broker

Q&A: How can I meet some interested investor?

I’m practicing and studying Forex trading since 2008 and I got confidence that I can make 80% profit/month but I don’t have money to start real trading. I can offer 50% back of total profit I’ll make.
Can anyone tell me, how can I meet some interested investor?

Answer:

why bother: just borrow the money. You are sure to get rates a lot lot less than 80%!

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July 25 2013

July 24 2013

FAQ: A good place to learn forex trading? – goldsenze

forex trading

Q&A: A good place to learn forex trading?

A good website for free training/learning about forex trading? im a newbie in this and is serioudly interested.

Goldsenze Answer:

Something I read in money magazine.
More than 90% of new forex users lose money their first year out.
Careful of scammers.
They know you will lose money and never really invest your money in the first place.
Others scammers can see your moves before you make them (remember they program the software themselves) and play against your moves.
Google:
Forex Scams
Days, if not years worth of reading.

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July 23 2013

Q: Has anyone used Kishore’s system of forex trading? – goldsenze

FAQ: Has anyone used Kishore’s system of forex trading?

Has anyone used Kishore’s system of forex trading? Did you make the money that he advocates? Would a novice manage his sytems? Does he recommend a broker or can I use any broker?

www.goldsenze.com Answer:

None of these forex systems work.

Think it through. Forex is an enormous market where most competitors are experienced professionals. If anyone had a system that generated consistent profits, it would be worth $ millions. The owners of the system would make themselves wealthy by trading. They would not sell the system for small amounts. They certainly would not give it to you.

Read. Study. Take a class. Learn to invest for yourself. Do not foolishly depend on tips.

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July 19 2013

Q&A: How can I enter the Foreign Exchange Market?

FAQ: How can I enter the Foreign Exchange Market?

I would like to enter the Foreign Exchange Market but I realy know very little about it. Does anyone know where I could get some accurate information (e.g.: websites)? Are there any good books I should take a look at? What about the Forex programs advertised on the television? Are they worth looking at or are they just a waste of money?

goldsenze.com Answer:

Enter a web search for “forex trading” and a number of sites will come up that do currency trading.

Interactive Brokers will set up an account for you to do currency trading.

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July 17 2013

Q&A: How do I know if a stock is on the for-ex market?

Q: How do I know if a stock is on the for-ex market?

Excuse my lack of knowledge, I am just getting started with trading…

How can you tell if a stock is on the foreign ex? I don’t want to be hit with any
surprises by my broker if I happen to buy one of these stocks.
How do I know if it is a foreign stock?

Answer:

The only thing traded on the forex market is currency. That’s why it is called the FOReign EXchange market.

If your broker tries to tell you otherwise, fire him!

Apologies for the quality of the video. ECN brokers list http://www.100forexbrokers.com/stp-ecn-brokers FSA website http://www.fsa.gov.uk/ Exponential Club W…

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Question: Forex demos that allow you to go back in time?

Question: Forex demos that allow you to go back in time?

What I want to do is pull up a random day last week and demo a forex program for that day. Obviously, I can’t practice on the weekends otherwise, because the markets are closed. I know some online stock brokers let you go back in time and demo your strategies. Is there a good Forex site that allows the same?

Answer:

The only places I know of that allow you to back test are places like tradestation that charge for historical data. I don’t know of any free demos.

If you are doing forex trading, then you know the importance of a good forex broker. This is especially true if you are just starting out and do not have a l…

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July 14 2013

Question: what is the difference between commodity trading and forex trading ?

FAQ: what is the difference between commodity trading and forex trading ?

is it the methods of margin trading and leverage? and which is better.
i mean in forex u can trade few commodities as gold for example, but u can trade also commodities through the futures exchange like CBOT And COMEX, so whats the difference?

Answer:

Forex trading is most of financial trading and commodity trading is only commodity trading in india and other country

http://forexsuccessfultraders.com Another currency trader finds success with the ForexSuccessfulTraders™…. Discover the secret Forex scalping strategies us…

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July 10 2013

July 01 2013

FAQ: is eToro forex trading company is trustworthy?

forex market

Q&A: is eToro forex trading company is trustworthy?

I have a demo account with them. But I am afraid to deposit real money until I find out about their legitimacy. Have anyone in Asia successfully withdrawn money from them? I am planning to start trade with $ 5000 which I earned through stock market trading in my country. So I hope I will get some genuine answers here?

Thank you all in advance.

Answer:

I think eToro is a reliable Forex Broker cos ive had much about them but you can confirm by visiting this site:
www.earnforex.com

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June 30 2013

FAQ: Do you know any legitimate trading market for a low investment? – goldsenze

FAQ: Do you know any legitimate trading market for a low investment?

I already know about zulu trade in the currency markets. Do you know of any other market that you can trade currency, options or current events with small amount of money?

Answer:

I think you must trade in forex trading. This is the place where you can earn good ROI. But if you are trained Forex trader. You can search this keyword Forex or Forex Trading so you may get best asnwers. This market base on leverage. You may go with 1:200. So if you invest 1000 Bucks you can 200 Bucks or more monthly as a qualified forex trader. Kindly visit my source this is the website which will giving free forex education + Certification. Must visit this and this is launch in Nov, 2009.

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June 29 2013

June 24 2013

Question: Is forex trading a legitimate business? – goldsenze

forex trading

Q&A: Is forex trading a legitimate business?

Are the reports of getting 50% of your capital also reliable? and can everybody who do forex trading?

Goldsenze Answer:

of course forex trading is legit…is it easy no and from the sounds of your question you have no tools to do the job.

So unless you want to do a lot of reading and practice before trying it…..save your money…

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June 19 2013

June 18 2013

Q: Is it true forex robots need monitoring the market for days before starting trading?

forex market

FAQ: Is it true forex robots need monitoring the market for days before starting trading?

Is it true forex robots need monitoring the market for days before starting trading themselves on their own?
That’s a feature I would dislike if so

Goldsenze Answer:

Not at all. You can set up your Forex robot / EA and make money right away. Take a look at “Forex Never Lose Trade” http://www.zeroforex.com/?hop=takagicb

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