I do Foreign Currency Trading on Varengold Fox and i was wondering if anybody knew if you can do this trading on a google phone or an iphone or any phone what so ever.. any info would be nice thanks
How much could you claim? if you can’t claim the whole losses could it be carryon to next future years until Zero. Thanks
What is the Ruling on Currency Trading (Forex) in Islam ?
Say you buy some Euros and later the exchange rate goes up. You sell the Euros and make some money. Where does the profit come from?
http://www.forex.com/learn.html
Link will answer many questions and answers you should know. I have 3 accounts (never put all your money/eggs in one account/basket). You can start with $500 when you can afford to open account. Since you are just starting you will lose money if you don’t learn the basics, first. #1 best tip, don’t trade your real money until you try trading demo account. When you can trade a demo for about 2-3months daily and make money then if you feel ready slowly start trading real money. So making and/or losing money depends on how well you can trade. For some it very profitable, for many it is not.
Know when and the fundamental news that affects price swings are reported. Stay clear during these volatile times because they can take out your stop in a heartbeat and a few beats later go back the other way. And remember that the news could already be mostly priced into the current price. And don’t trade against current trends.
I use Lightning Strikes Trading System for trading in any time frame and it works on forex, stocks, bonds, etf’s, mutual funds, etc… They have 3 free training sessions a week and you don’t have to buy the software to join in the live chat and text. They focus their training/trading on the Forex markets major currencies. You can even watch some recorded past live sessions. Here are some past charts that I used.http://f1.grp.yahoofs.com/v1/MB16R0zjjaZ…http://f1.grp.yahoofs.com/v1/MB16RxjOUQt…
There are 7 indicators (2 short, 2 medium, and 3 long term) and if volume is reported another one is added (on balance volume). Plus whatever time-frame is used the 2 green horizontal lines are the support and resistance for that time frame. So when indicators are all touching the bottom price is at or very, very near support. At top is at or very, very near resistance. Which helps my entry/exits and risk/reward ratio.http://f1.grp.yahoofs.com/v1/MB16R9Wv-wt…http://f1.grp.yahoofs.com/v1/MB16R9wSKdV…http://f1.grp.yahoofs.com/v1/QCt6R2fYIj6…http://f1.grp.yahoofs.com/v1/QCt6R3R0VQe…
If you can not view charts above or want to see other charts, I can email them.
Start learning the basics of fundamentals and technical analysis so you will be more informed in your investments. You can find all the basic info you need to learn on websites for free.
This site should give you a good start.http://finance.yahoo.com/education
Try what you learn on demo sites. They can be a very fun but educational way to learn from mistakes. If you pick 75% right with play money then you might be ready to start slowly investing.http://simulator.investopedia.com/http://simulator.zacks.com/http://www.fxcm.com/open-free-100k.jsphttp://www.alpari-idc.com/en/metatrader4…
Or just google for more.
Here are my favorite sites.http://stockcharts.com/
Has basically all you need from fundamental to technical terms. Plus stock screens, charts, public chart lists, and much more useful info.https://www.fidelity.com/
Has good learning resources.http://moneycentral.msn.com/home.asp
In addition to yahoo finance.http://www.reuters.com/
For news and more.http://www.marketwatch.com/default.aspx
For news and more.http://www.valueprime.com/index.php
For rating stock risk/reward ratio and reports.http://www.barchart.com/
For investing in more than stocks.http://www.investopedia.com/
For more great learning tools.http://www.lightninglive.com/
For best software timing your entry/exits any time frame for day traders and long term investors.
Others worth exploring.http://www.equis.com/http://www.stockta.com/http://www.secform4.com/
Best Wishes,
Burt Whitley
I am trading forex and so far practicing too much of the technical aspect of the trading. Until someday i realized that there must be something more better than what am i doing currently. And that is fundamental analysis. i want to know how many people believe in fundamental than technical
I saw a few in a google search talked about 20% returns and stuff but they were not in the US. I don’t want to risk anything outside the USA. Please only reply if you have done it or are currently doing it. Please post links of anyone you recommend. thanks
If your currency pair goes down considerably, could you just wait for the trend to reverse (assuming it does)?
Currently Im betting EURvsUS for the long run
but I want to know if u can refer me to a page where I can learn more about scalping and other strategies
I’m considering purchasing a program that is an automated trading “robot” on the forex currency exchange. Has anyone out there ever had a fallout or lost a lot of money using this system?