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I want to know your opinion on which 2 types of trading you are most likely to win at if you trade, either Forex or stock trading? Which is most likely to give you better returns and make you richer quicker?

Answer:

First, take 6 months in learning about stocks and trying it out with fake money in a stimulation web site like Yahoo! Finance.

www.finance.yahoo.com

The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare. These are DEFENSIVE stocks that will survive through good and bad times. Most of my positions are in these stocks. Some names include 3M, Procter & Gamble, Kimberly Clark, Exxon Mobil, Walmart, Costco. Everybody’s got to eat and wipe their butts regardless of the state of economy. Many of these companies survived through the Great Depression.

That’s the benefits. You can sleep at night knowing your money is doing well. There are NO guarantees that you won’t lose money. It’s just that these stocks are the best. They pay good dividends too.

If you’re new to stocks, DON’T DAY TRADE. You’ll a rookie in a world of professionals. I tried day-trading with Citigroup and AIG when they were a little bit over . I had some luck at first, making about a day but I was way over my head. My luck didn’t last long and I had to rethink my strategy.

Besides you can’t do much with 0 in the market. Day trading involves A LOT of commissions to the broker. With all the commissions deducted from each trade, you’ll be lucky if you only lose half your money.

I would just day trade using Yahoo! Finance. Open a stimulation account, give yourself 0 worth of fake money and play it in the stimulation format. You’ll see what I mean by losing money every easily.

Good luck.

I want to know in your opinion what you think would happen if one day an extremely skilled, talented and diciplined forex trader took £100, and doubled it every day for a year which I know isn’t even possible, but if they managed to, and managed to corner and accumulate the currency markets worldwide, what would the govenments and people of the world do about it if someone did this?

Answer:

Firstly, there isn’t anywhere near enough money on the planet for someone to double their money every day. Do the maths and you’ll see that you end up with well over 10^100 pounds – which is billions of pounds for every proton in the universe!!

But even the greatest traders do not come anywhere near doubling their money in a day. They make profits by trading vast sums on tiny margins. A 1% profit in a day is excellent if you were trading with £10 million.

And in any case there is a limited supply of currency, which is small compared to the reserves held by governments (of their own and other major world currencies). If one trader (or bank) bought up all the available Pounds Sterling, the impact would not be catastrophic. And to do so would mean they probably had to spend all their reserves of other currencies, which is a highly risky strategy.

The national government that issues a currency has a number of defence mechanisms to avoid any possibility of this kind of thing. EG they could set interest rates to zero, meaning the trader holding the currency would not be earning anything on his holdings. So he would have to sell, which would lower the price, so he might end up with a loss. Or a government could take even more extreme measures such as devaluing the currency.

I want list of forex forums web sites where i can place my add.

Answer:

i believe you mean Ad.

search on Google / Bing / Yahoo for stock exchange / Forex / … forums and see which one of them is targeted.

then, for each one of the web sites you like try to see who manages the ads: Google ads, Bing Ad Center, the web site webmaster etc…

I would like to start trading on Forex and i have heard that they are robots that do this really well. can anyone share their experience with such. I don’t want to waste my time or money. Please share any other business opportunities you may have as well. thank you.

Answer:

First, you should know that Forex is not that easy. Do not believe those who may say it is!

Now, there are some good robots that MAY help you. Some are scam. Others are for real.

Simply put, a Forex robot is a program that attempts to take the guess work out of trading currencies. Currently there is a lot of information floating around the internet about these products. Like any other tool, it needs to be used properly in order to be most effective.

Like I hinted, in order to use this tool the right way you need to understand a little bit about how it works and where it is best applied.

A Forex robot is a computer or computer program that monitors currencies and does calculations to figure out the best time to buy and sell. These programs help to take some of the guess work out of buying and selling and can help a trader to identify currencies that meet certain criteria, or when certain currencies perform in certain a way. Most of the selling points of Forex robots state that you can simply set them and watch the cash come pouring in. While in some cases this may work, in most cases you are going to need to carefully monitor the program and make sure that it is adjusting to trends in the market. While they can be very profitable they may require a certain amount of intervention to be run effectively. Used properly, and if you have the patience to get to know the programs, they become a powerful tool.

For this automatic approach, forex auto pilot turbo has worked wonders for me: http://www.forexapt.com/. It offers, among other features, high spread protection system and automated risk scaling. They say “95% winner”. Well, only the bottom line counts. In this regard, it has really delivered for me.

I had been watching the forex robot market for months, waiting for the right software to come out. I believe I have found a great one.

Really, get the fundamentals first. Then get your own system and test it offline (do that for weeks, if not months, until your system is well tested), whether you use a robot or not. It really takes a few months – a lot of patience and resilience. But if you are made for it, it is worth it. Read about the psychology of trading (never to underestimate). And then you should be fine.

Good trading!

Mark

I’m interesting does it realy possible to earn money with forex trading and with which forex broker?

Answer:

there r so many ………. what u want from tham…………

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

How can i benefit from FOREX trading?

Answer:

There are a number of brokerage firms which offer forex accounts. Just do a search for forex trading. The value of the world’s currencies changes minute to minute. Simplisticly, it operates much like trading stocks and you can make money the same way. You are trading currency instead of stock.
There are also many firms who offer classes, some for free, on forex trading. Good luck.

I am a new forex trader and still learning. Forex trading looks very attracting profession to me.

Do you know any good forum with which it is easy to learn forex? It can help a lot.

Please help.

Answer:

First: which ones to avoid. There are many “scam forums” in the Forex world. www.forexpeacearmy.com is a well known fake review and forum site: fake forex reviews, self promoting own services. Avoiding scams is becoming an art in Forex trading. Be very wary.

OK so,

www.babypips.com has a nice educational section. I like www.forexfactory.com which I recently found myself for A.I in Forex trading for instance. Lots of nice people on the forum, good calender (if you use it, I don’t)

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.

Answer:

If you are looking for the best forex software, visit this site

http://the-best-forex-software-in-internet.blogspot.com/

This software is the best software that can help increase your trading profit and user friendly.

Best Wishes,

I am 18 years old and I am considering trading currencies as a home based business. I’ve had practice with ordinary spot forex and find it okay. I want to know what is better if I was to trade ordinary spot forex or currency options? Which is better, and which has the best chance of you becoming successful and becoming a millionaire out of?

Answer:

Currencies tend to trend long term and be volatile in the short term.

Have a look at this chart from finviz & see if you agree.

http://www.finviz.com/forex_charts.ashx?t=ALL&tf=w1

I only trade currencies using long term call options. Why?

1. I have a known level of exposure (I can’t loose any more than I put in)

2. I feel its lower risk, as I am trend trading – trends can also revert.

3. It is definitely lower risk than spot trading, as I am not trading on margin – I can still loose everything though.

4. I’ve had a few friends take up currency trading (spot), do quite well for a bit then have a bad run, only one out of 6 is still in the game.

5. It suits my personality. If you can handle the swings, spot trading might be the thing for you.

Open up a demo account and see how you go.

Give your self time to learn before putting your own money down – once its gone, its gone.