Tumblelog by Soup.io
Newer posts are loading.
You are at the newest post.
Click here to check if anything new just came in.

August 10 2013

Q&A: Forex seems to be more difficult to profit than the stock market? – goldsenze

Q: Forex seems to be more difficult to profit than the stock market?

I trade stocks regularly but was wondering if anyone found Forex more appealing than trading the DOW, NYSE or NASDAQ? Also, has anyone profited more than they thought they would? Please no answers trying to sell me your proven methods. Thanks.
Poloman1690, thank you for your honest answer and the link.

Goldsenze Answer:

Tough question. Pretty much you are just speculating which way the currency will go without any true analysis.

Go ahead and give me the thumbs down but there are no earnings or financial statements to make an educated guess. Sure there will be some who make money at this moment but who knows about the future. Someone could think that selling crack is a great investment but they will get burnt at some point.

Related posts:

  1. Q: Is the forex market more difficult to predict than the stock market? – goldsenze.com
  2. Q&A: on the stock market what is the difference between forex ,options, equities and futures? – goldsenze
  3. i need websites for information about huge profit from forex market? – goldsenze.com
  4. What websites have day to day analysis for the Forex Market? – goldsenze

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…

Related posts:

  1. Question: ECN Broker vs Forex Market Maker – What’s the Main Difference between ECN Forex Brokers & Market Makers? – goldsenze
  2. Q&A: on the stock market what is the difference between forex ,options, equities and futures? – goldsenze
  3. Question: what is the difference between stock market and forex market?
  4. Q: What is the best forex broker in the USA? Low spreads, easy funding and withdrawing methods and etc? – goldsenze

June 16 2013

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

Related posts:

  1. Q&A: What is forex trading? how does it differ from normal stock market trading?
  2. Question: Is it really possible to make money trading on the FOREX market?
  3. FAQ: Why is the USD taking a beating in the Forex market? – goldsenze.com
  4. FAQ: anyone know of a good forex broker for news trading?

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..

Related posts:

  1. FAQ: Forex trading? – goldsenze.com
  2. Q&A: What is forex trading? how does it differ from normal stock market trading?
  3. Q: Which of these 2 types of trading are you most likely to win at; Forex or stock trading?
  4. Q&A: The Forex Trading Tips I Must Know Before Trading The Forex Market?

May 23 2013

Question: Are there online courses for stock market?

FAQ: Are there online courses for stock market?

www.goldsenze.com Answer:

If you are looking to learn some basics of investing The Madman, Jim Cramer does use simple language to explain his concepts. I have listened to all the pundits, none are 100% accurate. The best I have found from tracking what they mention are both Kudlow and Cramer on CNBC and the Fox morning show has some good calls to. The actor, Wayne Rogers, that played Trapper John on MASH is pretty good.

I played around with $ 2500 using Cramers tactics and went up 42% in 18 months. This was my training fund until I got more confidentTiming, the right stocks, your nerve all play in it. I did this trading 2 stocks that were swinging as much as $ 3 a day. You have to be able to pay close attention and get your buy and sells in or it does not work.

Puts and Calls can be played to. If all you want is an explanation of any term you can get that from using your search line.

Play on paper first without spending any money.

Good Luck!

Related posts:

  1. FAQ: Is there any basis for a predicted stock market recovery in the next six months?
  2. Question: Invest in Gold or Stock Market?
  3. Question: Do you see a stock market crash coming in Nov or Dec, and is the stock market a great investment?
  4. Question: Invest gold/silver while stock market boom? goldsenze

May 14 2013

May 07 2013

Q: Are there ever any days, hours, minutes in which the global stock market is completely closed? – goldsenze.com

Question: Are there ever any days, hours, minutes in which the global stock market is completely closed?

I am doing this global stock market project and need to know if there is ever a time throughout the day or year in which the stock market is completely inactive throuhout the world. I tried to research this myself and came up with the answer no, but I would like to be reassured by someone who probably understand the financial world better than I do.

Thank you!

goldsenze.com Answer:

Well, first off, you would have to dig into equity markets and their different time zones and see how they play out against yours. I do not know the time difference for every major market out there but I would say that there is ALWAYS some market thats up and running.

Even if there were not equity markets alive, there will ALWAYS be forex (currency) markets. They are open for trading 24 hours a day.

Good luck.

Related posts:

  1. Question: How to apply and setup forex robot regarding this market open 24 hours?
  2. Q&A: on the stock market what is the difference between forex ,options, equities and futures? – goldsenze
  3. Q&A: Which equity Index or Stock Exchnage the Forex Market tracks During the Asian session? – goldsenze.com
  4. Q&A: What is the best stock market platform trading software? – goldsenze.com

May 04 2013

Question: When selling foreign stock how does the IRS require Forex gain/losses to be calculated?

FAQ: When selling foreign stock how does the IRS require Forex gain/losses to be calculated?

I have most of my investments in Canadian and Australian stock.

My broker is IB but their end of year profit/loss calculations often makes no sense, so I must calculate gain/loss for tax accounting. I think their calculations make no sense because I transferred stock in from Etrade during 2008 and I think IB cannot calculate the original basis correctly.

Let’s use this as a scenario:

I bought Canadian dollars back in ’08, so each thousand US$ got me 1200 Canadian dollars.
I bought 100 shares of Canadian stock for $ 20 Canadian

A month ago I sold the 100 shares of Canadian Stock for $ 40 Canadian so I have a long term capital gain of $ 2000 (Canadian)

But at the time of sale $ 1000 US received $ 1002 Canadian. Therefore I have made a gain in the increased value of Canadian dollars I now receive relative to the value when I purchased the Canadian dollars.

Do I calculate the Capital gain and then do a separate calculation for the forex gain and if so would you please do a set of calculations to show the numbers?

Or (by IRS rules) do I simply ignore the forex gain/loss until I repatriate those Canadian dollars back into US$ .

Note (I have been reporting capital gains using a double set of calculations and now I’m wondering if I’ve been doing it wrong).

Note: I am not repatriating the Canadian by converting it to US$ , I simply leave it in my account as C$ . So I wonder now if by calculating forex gains (since I bought my Can$ in ’08 and the US$ has dropped against the C$ since then this means that all stock sales have a forex gain.

www.goldsenze.com Answer:

For puposes of schedule D and the form 8949, you convert the proceeds and basis to their US equivalents using the exchange rate on those days.

Using your numbers, you paid $ 16.67 per share. ($ 20 / 1200 * 1000)
You sold at $ 39.92 ($ 40 / 1002 * 1000) and have a gain of $ 23.25 per share.

Related posts:

  1. Question: Is forex market is better way to gain some money ? – goldsenze
  2. What is the tax rate for a forex market?
  3. Question: Do I need a form 1099-B to claim capital losses from forex? My broker does not send/file them…?
  4. Question: Capital Gain on Precious Metals?
Older posts are this way If this message doesn't go away, click anywhere on the page to continue loading posts.
Could not load more posts
Maybe Soup is currently being updated? I'll try again automatically in a few seconds...
Just a second, loading more posts...
You've reached the end.

Don't be the product, buy the product!

Schweinderl