I have started trading on the forex market, and was curious to see if anyone else did. If so, any ideas about trends for a currency pair or new strategies? Thank you, Alex.
Actually, Mark Knowles knows a little about forex trading. I'm sure he'd like to see what your thoughts are on the topic.
I did... and I lost big time... saving again for another shot.
Don't bother. It is impossible for the small day trader to make money on the forex market.
I'm curious about the quality of the various software trading robots. I started trying to do some AI based pattern recognition programing for tje technical trading of commodities in the mid 90's but ran into a snag with the communication (still a lot of dial up, no standards, very few online brokers etc.) ... I never got back to it. I see a lot of robots out there now. Are any of them any good?
That is not the problem.
There are two issue for the small trader.
Information and leverage.
Forex trading is a zero sum game. The player with the best information and the biggest bankroll always wins.
If you have vast amounts of money and the luxury of spending money in any currency, play the game
Thanks, but no-thanks, I'd have just as much fun paper trading with the robots ... I was just curious .. seriously, though, thanks.
When you factor in the spread, it does not look like zero sum anymore. Those few pips tend to add up to a sizeable amount
My hub page is about a forex auto bot trading software I use. I've made $2,000 in the last four days alone. It started out slow, as my intial deposit was only $100 so in the beginging I was only making like $20 a day, but thats $20 that I didn't have to do anything. I just had to leave my computer on! Its the best software I've come across, and I'm glad I did. So you don't need alot of money to trade on the forex market, sure having a bigger deposit helps you get bigger returns but you have to think long term, and adjust your strategy to what works best for you.
So $100 into $2,000 in 4 days.
$2,000 into $40,000 in the next 4 days.
$40,000 into $800,000 in the next 4 days.
$800,000 into $16,000,000.........
What are you doing here selling us your software?
You cannot make money with $100 in forex trading. Try the local casino instead. At least you get a free drink
FAP, could you describe your top 10 best FOREX secrets to us here?
The Price data can move in 3 different directions: up,down or side way. When there is an uptrend or a downtrend, you have to use a trend following method. When the market goes side way, you have to switch to a ranging methodology. These are two different styles of trading (using different tools). Related to their own personalities, traders will choose one of those methods.
Rarely, you will find a gifted trader (a universal trader) who uses both methodology.
Now, for the robots, I think only humans can perceive this kind of change between a trending market and a ranging market. If a robot would be able to do that, you will not see any more traders on the trading pit.
I will not advise any beginners to use a robot to trade any markets. The reality is that for anything you want to achieve in life, you need understanding, commitment, and hard work. There is no shortcut to that.
i have been studying the forex market for years and i still spend countless hours staring at forex charts....i am currently experimenting with Expert Advisors.
I was reading the thread and i have to say that i disagree with Mark when he says you can't make money in Forex with just 100 dollars.
It's all relative and i guess it depends what he means by make money. If he means you can't quit your day job then i agree but if he means you can't make a percentage then i disagree.
In todays world where brokers are offering 1 dollar buy ins and where a dollar is to 100000 what 1 is to a lot then a strategy that works big will work small.
A lot of times i wanted to quit researching forex but i just keep at it. Only the other day i ran a backtest on an EA that i coded - on the gpbjpy that is known for it's wild swings an the test showed a 10K account go to 30K in less than one year.
I understand that backtests are iffy but waves don't lie and i don't need 200 percent annually to build a stash that will get me away from waiting on the government for pensions...
So i'm with the group that says forex is the thing to do.
That's even more true in todays unstable financial world...
Just my opinion....
So who's got a bankroll to go live with my EA....!!!!!
I am using UFXBank for forex trading.I think it is one of the best online Forex broker services on the market.
result of this month may on paid group telegram
+1100 green pips
+517 pips on free group and trial
to subscribe on paid group rami fx and get a forex signals with high accurate
by ngureco 6 years ago
Why Should You Avoid Forex Trading Over Stocks Trading?
by ngureco 8 years ago
Do Automated Forex Trading Systems Works?If They Do Generate A Net Win, Why Do The Owners Prefer To Do A Difficulty Job Of Selling Those Systems To The Public?
by kkavya 9 years ago
Hi folks, Recently i posted a topic about forex trading here and i was not amused at all as everybody seems to be mad at me. They calls forex a gamble and other cynical stuff like poker. Many here have misconception that forex trading is big guys game, is a complete gamble. First of all an average...
by efeguy 8 years ago
There are so many that call themselves forex gurus,that tell you about the green and red light,waiting for signals etc,but friends you can be a guru as well,while not put in sometime to study all about the forex market,i mean both the fundamental and technical analysis of the forex market.forex...
by Shil1978 6 years ago
What is forex trading?
by nilbos 3 years ago
Is it ok to invest $ 10K for forex trading?account with USD 10,000 with oanda.com. However, after seeing your comments, I have stepped back and want to do a further study.Do you suggest I shoudl be doing forex trading ? If yes, would you be kind enough to share any points I must be careful...
Copyright © 2019 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
HubPages Inc, a part of Maven Inc.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|