Forex Traders Knowledge Base
Obscure FOREX traders are promising get rich quick returns, how legitimate are they? Forex Traders promise high monthly returns and "stop-loss" provisions which suggest that you would never lose all of your money. On the other hand they talk about leverage which suggest that they will always have more to invest than they actually have and therefore all losses will be recovered. I have never heard of high returns and no risk, but this is what the so-called Forex traders are advocating. Is this some kind of scam?
Where can I find data on the number of forex traders in the world? I can use the COT report to derive the volume of trades so I don't want forex trades in volume. I want to know how many people, institutions, and other entities actually dabble in forex trading (and if possible, if I can find out how many people do retail trades). Any help is appreciated, thanks! Oh, and best answer with a source gets 10 points.
Tax Software for FOREX Traders? You know how there's tax software for small business owners? It keeps track of every sale in your retail store and then come tax season, you just have to print out the paperwork you need to bring in to your accountant. Is there any software that a FOREX trader could use that could take the hassle out of keeping records of every trade the investor makes and then come tax time all you have to do is just print out the paperwork you need to bring to your accountant? Many thanks, C.L.
which events should intraday forex traders look out for? besides the non-farm payroll and FOMC announcements.... which are the other events that will affect the financial markets most (in order of strength maybe)? i'm looking at this from a forex trader's (ie. intraday) point of view, and would like to identify events where a trader would be better off not trading. no news-trading for me, thanks :O)
Why do Iranian forex traders use this site so much? Why do Iranian forex traders use this site so much? I have had 150 forex traders from IRAN register in the last 4 days http://www.forex-hunt.com and i can't understand why. I'm not complaining I just can't see why it appeals to Iranians mainly
a question for any professional forex traders out there!? what are the normal working hours in your job? i was interested in working in this sought after position but as markets are open 24 hours a day was wondering if it was 9-5 or shift work etc...... i would also be very appreciative if someone could tell me the pros and cons of working in such a position within a trading company.
Who are "Non-Dealing Desk Forex Traders" ? I would like to know who are "Non-Dealing Desk Forex Traders" ? Because most of the brokers who earn on spreads trade against their clients. They don't have any interest in their clients. On the other hand these Non-Dealing Desk Forex Traders should be ok. Please comment if I'm wrong. Thanks Umesh
Forex traders and people : how is marketiva? I just open a free account in marketiva.com.. I can do with virtual money, and they also give 5 dollars for free for doing in real. IS it good...? Which are other who give free money to play at first? (i will ask another question related to forex)
Forex traders, can you help me? I have a site http://www.bestforexreports.com that is driven by unbiased user ratings of forex products and services. If you have used any of these products or dealt with any of the brokers, I'd appreciate feedback on your experience in the form of a rating and review. You will be helping others make good decisions before they spend their hard earned money. Thanks! kb
Why indians are not doing forex trading in a big number? India is one of the most internet users country, still they are unaware about online forex trading. There are so many online forex traders are there from asian countries like malaysia, indonasia, china, taiwan and list goes big. Instead of becoming scapegoats to nigeirian scammers It better to invest and earn in forex trading. Is there any govt. restrictions to do such trades in India ?
FOREX TRADERS..WHAT A DAY!? Any Forex Traders out there make a killing today!! Unfortunatly I only traded the EURO/USD with 2 lots in a long position at 1.3195. I tried to get in at 1.3125 but you know how it goes when you trade the news! lol. What a day, I will take a 300 pip move in a matter of seconds any day!! To the newbies 300 pips =$3K times 2 lots = 6K. I was reading on dailyfx.com, where this was the biggest move and fastest move since 1999.
Question about the COT Report for Forex Traders? This is more of a survey than anything, but for forex traders, how useful is the Commitment of Traders report released by the CFTC? I heard that it is used to measure and gauge volumes on forex futures contracts. Is this true? On a scale of 1-10, how useful is the COT to you? I'm going to select the best answer on five days from today.
What are good strategies to use in Forex trading? I would appreciate if you could share your own personal experiences with me.I am thinking of setting a forum for Forex traders to discuss and share their trading experiences with each other.If you are interested, please let me know so that i can include you in the forum.
Tips for New Forex Traders? I'm new to The Forex. Ive read books and have been practicing with paper accounts for a while. I'm ready to jump in, but I'm kind of nervous. Does anyone have tips for beginners in Forex Currency?
Is it illegal to open up a small Forex hedge fund? I am a private Forex trader who wants to expand into a small online hedge fund. Note: This is not code for a pyramid scheme or ponzi scheme. I am talking about trading real money. What is the legality on this? How much money can I trade before having to register with U.S. Securities?