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There were any signs such as significant Yen’s price change, trading volume or anything else? Or BOJ just confessed after the intervention? I’m newbie in Forex so i need a clear explanation.
Thank you so much!

Answer:

Pull up a daily trading chart of USD/JPY currency pair. You will see a significant rally in USD (and simultaneous decline in JPY) happen on 9/14.

This was the result of BOJ intervening by selling JPY against USD. Estimates of the size of the intervention are ¥1.5 trillion, or a little over .6 Billion.

I was just fooling around with the practice forex for a couple of hours today and made around k profit.

Answer:

The simulations frequently do not match real world conditions.

Quoting from a federal government website:
“Real-time is not real: when marketing trading systems, some promoters claim that their systems have performed successfully in “Real-time Trading.” This means only that the system has been tested using a live data-feed, rather than being tested using historical market data.
Remember though that in real-time trading, no trades have actually been placed in the market. Performance results based on real-time trading are merely another form of hypothetical results, with the same limitations. “

Do I need to itemize each and every Forex transaction? There are hundreds of them.

Or since I had a loss, can I just not list all the positive transactions and then also not list the same amount of negative transactions (leaving only the actual loss) ?

Answer:

Call your broker to find out how you can download the information directly to your tax return software.

I just started trading Forex pairs and I need to be able to collect price data for the last 10 time periods (hours, days or weeks) so that I can input this information into my trading platform to give me an idea on where the price of the currency pair will move next.

Can anyone tell me how to get this info into my yahoo finance page so that it updates with the movement of the currency pairs?

Any suggestions will be greatly appreciated.

Thanks in advance!!

Patrick

Answer:

Hi Patrick,

I haven’t seen a solution to capturing and recording actual prices for the past X time periods. You can dowload the data from piptrader.com.

A better solution might be to have a programmer crank out an EA for you that would do that for you. (I am surprised that the solution that you are using didn’t think of that as part of their application rather than request you to enter 10 sets of data into a calculator).

I pretty much accomplish the same thing by simply monitoring a couple of moving averages and watching for them to to cross and both maintain a steep angle. This indicates the possible beginning of a reversal.

I would be happy to send you a summary of the moving averages that I use and how I use them. It might be interesting to compare this to the signal that you are getting from your K-F calculator……and it is free.

Paul

I have just opened my trading account and I am trying to decide on buying an autopilot forex trading software.

Answer:

There’s a new autopilot forex trading software going to be launched and promises to be really sensational. If you want to try autopilot forex trading, go for the latest. It is likely to be sold out very fast.

http://ForexLoophole.info

Just needed to know if there is any indicator and strategy for forex that is not complicated yet gives 100% profit in every position it spotted…please post and explain

Answer:

you might just as well look at that spam answer.

consider, the people that trade commodities are some of the smartest in the world.
if you’re not in that exclusive group, you’re going to lose.
but hey, it’s your money.
go give it away.

wouldn’t you think that if what you want is possible, everyone would already be doing it?
get real.

If I have the money, how do I make it grow in forex trading?

Answer:

Forex trading is just like any other financial investment tool. Takes money and some smarts and patience. Although their are a lot of perks with forex trading such as 24 hour trading, largest liquid market, and very high volatility, one should still educate themselves as you would on any type of investment. Unless you just do not care about your money.

First I would recommend learning up on some technical analysis. Just search that phrase with “forex” in front and you will find millions of resources. Then educate yourself up on fundamental influence on the currencies. Everyone finds there own knack at trading the forex market so don’t blindly fall into a so called forex guru’s marketing trap.

I’m thinking of building a forex computer, and it seems like I may as well just build a gaming computer, but there are special quirks of the forex computer. Can anyone tell me what that would be?

Answer:

The software for data delivery is probably more important, or just as important as the computer.

What you’re trying to overcome with speed is data bottlenecks. With gaming, it is graphics data problems. All of the moving objects and colors of a game are graphics issues that should be handled by the graphics board rather than the CPU. Obviously, a dual core Quad is going to be better than a single. But you need a good graphics card with lots of onboard memory.

With a trading machine, you’re handling lots of data coming in from outside the computer, processing that data into many different charts and calculating indicators. The graphics is not the problem of a gaming machine. The problem is when there’s a flood of data, like when there’s a report, or around the open of different markets, when markets go wild. I’ve had computers completely freeze for several minutes when extreme volatility situations arise. Sometimes I would have to reboot to get control back, and that can take ten minutes to get back up and running with everything updated and functioning again; obviously, that won’t work for a trader. The software should have a method to throttle that data, because you don’t need every tick, estpecially when the input data is a thousand-fold what it was a minute ago. If you’re using a web browser, rather than a dedicated trading program downloaded to your computer, you have no control over the data feed. A good trading platform like Realtick or Tradestation, will have at least 3 or 4 different methods of sampling and throttling to control high volumes of data. NinjaTrader does a good job, but I’ve got a super fast computer, so I never see any glitches.

There are several informational and learning websites. If you watch their trading videos, you’ll see what they’re using.

http://www.forextv.com/forex-video-archi…

http://www.babypips.com/

http://www.dailyfx.com

http://www.fxstreet.com/rates-charts/usd…

http://www.forexpeacearmy.com/

The best way to learn is from a book. You can find three different eBooks here:

http://members.cox.net/axiom11/#Info

Insider Forex Secrets

http://members.cox.net/axiom11/page2_lin…

Forex Trading-Revolution To Home Based Internet Business
Forex Trading Strategies

There are many eBooks listed here, so to find the one you want, just hit Ctrl-F (for Find) in your web browser to find “forex”.

Hi everyone!

I am new to forex and have only just found out about all these automated forex robots and such that are supposed to really take a lot of the risk out of forex trading. I need an real working automated forex robots, automated forex system that really works. Can anyone suggest a good one?

Thank you!

Answer:

You can get the Leading Automated Forex Trading System Here for Free:

http://www.ava-fx.com/

Avafx has a forex autotrading service called Avafx Auto Trader, a platform that allows its forex brokerage clients to choose from various trading signals providers and have those signals traded automatically in their live trading account. With a free 30-day demo, decent web-based platform and comprehensive signals performance, the Avafx Auto Trader is a very good broker-based service to look at when comparing autotrading providers. This service does come highly recommended for traders looking to add autotrading to their forex portfolio.

Firstly, the Avafx Auto Trader platform is fairly easy to navigate and start up its 30-day demo. The demo allots an account of 0,000 to trade with. Avafx allows trading on 23 different currency pairs. The performance page is very comprehensive to compare and choose from the hundreds of expert trading signal providers: you can filter the trade signal providers by profit($), max draw down, profit factor, date started, average pip profit, winning percentage, and currency pair. You can also set your maximum number of trades that you wish to be open for your trading account, your lot sizes per signal provider, or maximum stop losses per trade provider. Right away you can pick up to 10 different signal providers, choose pairs and lot sizes, and have the platform take over from there, automatically trading your account with your selected trading signals. Your computer does not need to be on for the signals to be traded in your account, as this service uses a remote server.

Now, to go live with a live autotraded account there are a few rules. Your trading account minimum investment is 00. Also, Avafx charges you 1 pip commission on each round trip trade on top of their normal spread to use their autotrade system. Seem unfair? Not really. Comparing ZuluTrade to Avafx Auto Trader, Avafx actually comes out on top. Yes, ZuluTrade does not charge a commission, however comparing the best signal providers, Avafx appears to have the best performing signals. Avafx’s performance comparison is actually much more user-friendly than ZuluTrade’s performance page: you can quickly compare important trading system factors like risk adjustment rate (RAR) and profit factor which cannot even be determined on ZuluTrade. Both do provide maximum drawdown for each signal provider, which is one of the most important. But when looking at the RAR, total pips accumulated divided by max draw down, the Avafx providers have a much better RAR than the ZuluTrade signals providers. Is that worth the 1 pip commission per trade? Absolutely. Now, if your trading account is ,000 or more, you are then a VIP level account which means you will not be charged the 1 pip commission and you will get a better deal on the spreads as well. Another thing to note: Avafx is an approved broker for ZuluTrade. So, if you try out Avafx Auto Trader signals and are not impressed, then it will be very easy to set up a ZuluTrade account using Avafx as your broker.

On the negative side, the Help section and Support Center are not very helpful regarding the Auto Trader. However, the Live chat help was very responsive and they answered most of my questions quickly. There was one question that remains with Auto Trader: there is a very large disclaimer at the bottom of the trading platform about “Hypothetical trading results and performance data”. It is unclear if Avafx Auto Trader signals providers are using live trading accounts or DEMO accounts for their trading performance data. I would think that DEMO trading is likely to be less accurate than live trading performance data. Avafx support did not answer this question directly. Also the Avafx Auto Trader does not have the Margin-call-ometer that ZuluTrade does, which is a very nice feature that explains and guards against account margin calls. However, Avafx’s platform does have some decent features to help clients remain positive and not margin call their accounts.

In writing this review, only a demo account was used to try out the system and platform. Avafx insists that the platform and service are identical whether trading demo or live with them.

Overall the Avafx Auto Trader receives 4 stars and comes highly recommended.

Just curious as to which option is the best option if you want to become a millionaire on the stock/forex markets out of speculating or investing? Also, which is the best recommended and what are the advantages/disadvantages to each of them?

Answer:

Investing requires thoughtful study and the use of analytical techniques proven to enable one to track corporate progress. The uninformed tend to view stock investments as speculative but the stock investor will usually call currency markets a potential win-or-lose-it-all proposition.

You wouldn’t believe the long hours an investor puts into his/her work. Credibility is on the line at all times for retail investors rely upon us for secure, meaningful information before making their investments in our recommendations.

Investments rarely lose all money invested in a day or a week. This isn’t the case alternatively in the case of currency trading. A successful investor must be vitally aware of and able to summon up balance sheet stats on each portfolio investment. Working at this is a full time job and then some, it’s not just calling the broker and placing your order. Still, it’s the greatest woork in the world for me and anyone who happens to enjoy geopolitical drama and has a penchant for detail.

Some might argue that this isn’t about safety but only about making million. When luck is the premise, anything can happen. But you also ask about which is “the best way” and I’ll have to vote for investing as it can eventually lead towards big earnings. I’ve won some major gains, also have lost my share. But I know from experience a diligent investor with basic skills and lots of hard work can do it.

Len