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July 17 2013

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 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 Have anyone in Asia successfully withdrawn money from them?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 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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June 17 2013

Question: Can anybody kindly provide me with some stuff on various CENTRAL BANKS’ INTERVENTION IN FOREX MARKETS ? – goldsenze

Q&A: Can anybody kindly provide me with some stuff on various CENTRAL BANKS’ INTERVENTION IN FOREX MARKETS ?

Hellooo…,
I m currently persuing MBA (MMS FROM MUMBAI UNIVERCITY) & doing a summer project on “CENTRAL BANKS’ INTERVENTION IN FOREX MARKETS & ITS IMPACT ON FOREX RATES.” I have got very less info on the same.Hence, if possible, please help me. You may suggest me websites or Books on the same.
Thanks a lot in advance

www.goldsenze.com Answer:

hmmmm! Yes go to >>> Perceived Central Bank Intervention and Market Expectations: An Empirical Study of the Yen/Dollar … – group of 5 »
G Galati, W Melick – BIS Working Papers, 1999 – bis.org
… 1996. During this period, traders perceived central bank intervention in
the yen/dollar market on 89 days. Forty times central banks

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June 14 2013

Q: What brokers have the tightest spreads on forex? – goldsenze.com

forex broker

FAQ: What brokers have the tightest spreads on forex?

I’d like to find 2 pips or less on EUR/USD. I used to trade with IB, which has a spread of about 1 pip, but they also charge a commission. What other tight spread brokers are there? I’m sure I’ve seen 2 pips before.

www.goldsenze.com Answer:

www.forex.com. Has the tightest spreads even during market volatility. I don’t use them though I don’t day trade either. I use a different in system that spreads are not that big of worry I still make money hedging my trades. www.freedomrocks.com/19768. Not my sight but they have shown me the light of investing in the forex market.

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June 10 2013

Q: Why do open ForEx trades close automatically when internet Disconnects or when they reach -$2000 in losses? – goldsenze

FAQ: Why do open ForEx trades close automatically when internet Disconnects or when they reach -00 in losses?

I am using Interbank FX trading platform and have been using a demo account to test out these errors I’ve been getting.

Stop loss is not active. During disconnects, open trades close for whatever value they are at. If left open for a few hours, loss trades auto-close for a loss. The market was still open for all these tests.

So, anyone have any ideas?

Goldsenze Answer:

interbank forex platform is not the best choice…
its good but no so good! it has some “bugs” as you can see!
better choose some different platform if you want to trade using demo account!
anyway you should not trade with demo account to long!

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June 05 2013

June 04 2013

Q&A: What is the best Forex robot on the market and does it work? – goldsenze.com

forex market

Question: What is the best Forex robot on the market and does it work?

I heard that a new robot has just been released (RCTPA driven Forex Megadroid). There are quite many robots on the market. What is a Forex robot anyway? Which one is working? I have heard many good things about Forex auto pilot turbo. I would like to know which one is the most reliable. Thank you.

goldsenze.com Answer:

Yes My dear Friend ,

Under much Recession Our forex Market could not Predictable Which Currency Pairs are Best to buy and sell.

Lot Of robots are there Forex Megadroid, fap turbo e,t,c. They Both Palys Essential Profits . But the fault is they could not assess the market conditions data base.

Under these all circumstances latest July 28th IvyBot was Released With Incredible “4″ currency Pair attacks and it can updates database automatically Itself.I’m Quite Getting profits for last 2 weeks. In Fact I’m Automated robot ‘s testing sucker While testing this i got bit shocked about this performance.

And Much More Added…….

Take a look for Yourself .

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June 03 2013

Q&A: What is forex trading? how does it differ from normal stock market trading?

FAQ: What is forex trading? how does it differ from normal stock market trading?

Are the risk and strategies different? Can forex be more profitable?

Goldsenze Answer:

hi
in stock we trade with companies and in forex we trade with currencies such as euro,usd,yen,gbp.we make profits during currency fluctuations.i saw forex is easy to do and also profitable.u can get more info here if u want to learn forex trading

http://forexplatformslist.com

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May 28 2013

FAQ: What is a good site to simulate Forex?

forex broker

Q: What is a good site to simulate Forex?

What’s a good site that accurtely simulates Forex?

goldsenze.com Answer:

dailyfx.com has good charts that I think are real time. However, I have no opinion of the co as a broker I urge you to be cautious before trusting or trading with anyone. This field is full of con men.

Personally, if I wanted to trade foreign exchange, I’d use a broker that would take a commission and not capitalize on bid/ask spreads. Your pricing is really better that way.

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May 27 2013

Is there a Forex Trading indicator that shows “in real time” how many pairs are being traded? – goldsenze.com

FAQ: Is there a Forex Trading indicator that shows “in real time” how many pairs are being traded?

Is it possible for one to manipulate the price of a currency pair by selling or buying a huge amount? I don’t want to buy a huge lot and the price goes down because my own trade made it go down. I don’t want my own trade to change the price trend because if I buy more than is actually being traded on the market, it more likely will go in the opposite direction I want it to go.

www.goldsenze.com Answer:

If you are placing your trades with a market maker, then large trades may have a significant impact. If on the other hand you are placing trades with a broker that is operating STP unless your trades are unusually large they will likely cause little impact.

Since the forex market has no central exchange, there really is no way to know accurately how many or what pairs are being traded globally at any given moment.

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May 25 2013

Q: how often do forex currency pairs change?

Q&A: how often do forex currency pairs change?

Im new to forex and still using demo account , when i see currency pair statistics on metatrader or webtrader like eur/usd its 2 days ago on 22feb while today is 24feb , i thought its changing by the minuite but its not , so how often do changes show up?

goldsenze.com Answer:

It won’t change on a weekend (or at least until 5:00PM. Sunday EST). Trading stops late Friday afternoon.

Shares change, depending on how many people are trading it. A demo account will give you little help in evaluating your potential in Forex, simply because it doesn’t reflect liquidity, as well as other reasons.

I would suggest taking a few years and learn trading in something easier than Forex. Stocks are much easier to make money in (easier, certainly not easy). Why anyone would pick something as hard as Forex to start in… is beyond me. I can tell you that brokers in this industry stretch the truth by leaving a lot of information out. Training by the brokers is a joke since it usually only concentrates on Technical Analysis and leaves out the importance of psychology and risk management. Some of the broker courses may only take a week or two to complete. Usually, years are needed to learn and develop your own strategies.

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May 24 2013

FAQ: How much safer is stock trading compared to forex trading?

FAQ: How much safer is stock trading compared to forex trading?

im convinced that forex is pretty much gambling. its too risky. are stocks any better?

www.goldsenze.com Answer:

If you pick reasonable stocks, you can possibly lose 30%-50% if the market goes into a dive again over a several month period.

If you trade on forex, you can lose all your money within minutes on one bad decision..

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I would like to know the basics of Forex Trading and the least amount someone can start out with.?

forex trading

Question: I would like to know the basics of Forex Trading and the least amount someone can start out with.?

Please can anyone tell me how to start trading Forex, and if it’s possible to stsrt with a little amount. Would also like to know about trading from my home (I live in Africa). Will be glad to receive any answer.

www.goldsenze.com Answer:

You can start an account with Forex.com for $ 250. A good book about Forex basics is James Dicks “Forex Made Easy”

http://www.TradeAdvisorPro.com/forex – Free Forex Webinar Training http://www.TradeAdvisorPro.com/forex-signals – Our Forex Trades Directly to your Inbox! …

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