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August 23 2013

FAQ: Is it possible to lose more money than you invest in Forex trading?

Q: Is it possible to lose more money than you invest in Forex trading?

They have those auto pilot programs that have you invest 50 dollars starting. Not a huge investment, and wont spit out a lot of money in the long run, but If you invested 50 dollars in a forex program, is it possible to end up owing more than you invested? Or is it just that you can lose 50 dollars and end up back at 0, and not in the negative? Just curious.

Goldsenze Answer:

i think it is, unlike stock your losses and gains are theoretically unlimited.

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August 19 2013

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

forex trading

Q: What is the best Forex trading strategy?

I want to know your Forex strategy, when to buy, when to sell, when to wait.

www.goldsenze.com Answer:

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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August 17 2013

No-commission forex trading site with tight spreads?

Q&A: No-commission forex trading site with tight spreads?

I’m looking to get into forex trading, of course first practicing with a practice account first for a while. What’s a good site where I could start with practicing and would later on have no commission trades and tight spreads? Preferably, a site that allows microlots would be great. Any suggestions? Thanks.

Goldsenze Answer:

With OANDA, you can have no commission, tight spread, and lot as low as USD 1.

http://fxtrade.oanda.com/

Forex Trading http://www.tradingcollege.co.uk/fxwebinar Forex Trading is the process of trading within the foreign exchange market (also known as the FX or c…

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August 14 2013

What is mean by hedging in forex trading. Plz explain?

forex trading

Q: What is mean by hedging in forex trading. Plz explain?

What is mean by hedging in forex trading. Plz explain. thanks

www.goldsenze.com Answer:

Hedging means:

Corporations in which individual investors place their money have exposure to fluctuations in all kinds of financial prices, as a natural by-product of their operations. Financial prices include foreign exchange rates, interest rates, commodity prices and equity prices. The effect of changes in these prices on reported earnings can be overwhelming. Often, you will hear companies say in their financial statements that their income was reduced by falling commodity prices or that they enjoyed a windfall gain in profit attributable to the decline of the Canadian dollar.

Read more of it below:

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August 12 2013

Q: How was your Forex trading impacted by the recent market activities? – goldsenze

forex trading

FAQ: How was your Forex trading impacted by the recent market activities?

I am just wondering how different people were impacted by the stock market movements these past few days. Where your Forex accounts impacted as much or less than people with stock and mutual funds accounts?

Answer:

The news affected my long stocks although some have recovered pretty well. One coming up to earnings next week (NTO) gained back everything and a little more. I had opened up 3 shorts on Monday morning (IMGN, PRXI and MEH) that far exceeded my expectations because of the China sell-off. Two longs I also opened on Monday got dumped (OPSW and ACTU)

I’m making a killing on the USDJPY. Sold $ 100k on Sunday when it broke 121, sold another 200k late Monday night when it broke 120 and did another 100k Tuesday morning when it broke 119. Closed out 300k today at 116.73 and am holding the other 100k over the weekend.

Between stocks and Forex, this is one of the best weeks I’ve had in quite a while.

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August 09 2013

Question: What is the best platform for Forex Trading?

Q&A: What is the best platform for Forex Trading?

I want to invest in forex market.It seems more hopeful in future.which plat form gives the best analysis and free practice account with some bonus.I need real answers!!!!!!!!

www.goldsenze.com Answer:

I suggest you to try Marketiva, they give you 5$ bonus on account opening and there is no need to deposit.

Here you can find more details: http://www.brokers4forex.com/preferred-forex-brokers/marketiva-trade-forex-with-5-free.html

In this site you can also find reviews of other brokers

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August 06 2013

Question: what is the best EA (max profits, min drawdown) to run automated forex trading with metatrader 4 (mt4)?

forex market

FAQ: what is the best EA (max profits, min drawdown) to run automated forex trading with metatrader 4 (mt4)?

EA is a file that can compute and perform trades in the MT4 application – the forex market, for brokers that support mt4.

Answer:

I think Forex Tracer is the best out there at the moment which works with mt4. The Forex Tracer is USD/EUR pairs.

http://www.forextracer.forexrobotreviews.com

Or if you want USD/JPY pairs then you should be considering Forex Funnel.

http://www.forexfunnel.forexrobotreviews.com

Good luck

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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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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 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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June 05 2013

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