AbleForex.com

AbleForex answers:

Your best way to proceed into the Forex market is to be somewhat cautious and get a little knowledge on the mechanics, the risks and the idiosyncracies of the marketplace.

The biggest problem withthe Forex market is that the advent of electronic trading and the potential for attractive profits has made in way to easy for uneducated people to rush into the Forex market and lose their hard earned money before they even knew what happened to them.

The Forex market does involve risk, and one should never invest money that they cannot afford to lose. Fortunately we have the abvility to trade in practice accounts without risking any money until we have properly honed our trading skills.

The Forex currencies move quite quickly and frequently. There are successful traders that have the time, the discipline and the knowledge to be constantly monitoring their positions and make frequent trades throughout the day to capture profits and/or to prevent losses.

There are other Forex traders that inplement strategies that will lessen the risks associated with constant market movements with a hedged position.

These investors take a longer term view on their positions and are comfortable receiving an interest payment everyday, making small additional purchases and sales as the market does it’s dance and generating a comfortable monthly return on their positions.

I recommend to all my Forex colleagues to begin with a conservative approach and then if they want to move into more high frequency trading thay can do that later once they gain a bit more experience. What I find is that once I teach them a couple of conservative strategies they are quite comfortable continuing with this approach.

Good luck to you and I would be happy to send you some additional information.

Paul
pupp50@yahoo.com

AbleForex answers:

Rule Number One: Never invest more than you can afford to loose!

Rule Number Two: Hot tips from your friends (or strangers, for that matter) are worthless.

Buy quality stocks. Don’t deal in junk. Stay the course – you won’t get rich over night.

There are so many things to pass on to a new investor – but keep rule 1 and 2 close to your heart.

AbleForex answers:

There are numerous companies all around the world that work in the financial investment field. At Royal Index LLC we strive to be the pioneers in this field and to provide the best services for all investors. Our goal is to transform knowledge into a maximum value which benefits our clients and the users of our services. The key to a privileged relationship with our clients is our credibility and transparency, as well as a set of comprehensive and inspiring values.

Royal Index LLC specialized in the field of investment of international financial market. We aim to provide comprehensive and outstanding investment solution by convoying the technical evolution in the field of investment in the international financial arena.

Their Fundamental vision is to help investor identify what’s new and event that unfolding in the international financial market by clarifying all concepts and terms related to the investments. The information and help center work vigorously to provide assistance round the clock to our value clients.

AbleForex answers:

The best time to trade is when the market is the most active and therefore has the biggest volume of trades.

New York opens at 8:00 am to 5:00 pm EST
Tokyo opens at 7:00 pm to 4:00 am EST
Sydney opens at 5:00 pm to 2:00 am EST
London opens at 3:00 am to 12:00 noon EST

AbleForex answers:

To name just a few:
1. Discipline – you have follow your own plan
2. Get cheap and reliable broker – you don’t want to waste all your money on broker fees.
3. Learn technical analysis – it’s the key when it comes to trading currencies.
4. Follow the news – know that’s happening in the financial world

AbleForex answers:

You should use technical analysis – forex currencies are very liquid and respond well to technicals (although of course you have to pay attention to fundamentals and government interventions!)

Useful site: http://www.bmfn.com.au

AbleForex answers:

Don’t worry, you will only lose maximum $1000. It’s margin call that will automatically close your open position.

AbleForex answers:

I am trading in Forex market in India with http://www.finexo.com/, which is a business partner of Denmark’s Saxo Bank, with its headquarters located in Düsseldorf, Germany with huge US currency and never ever encountered any problem.

Whatever I gain is credited in my Indian bank account through Finexo trading account. The tax is deducted at source and when profit is repatriated here the Indian government deducts it.

AbleForex answers:

Hi Charles! If your mom is kind of a beginner in forex trading she can try eToro, it’s beginner friendly and deliver accurate results.

AbleForex answers:

There are 2 different rates posted. 1 is the asking price (Buy) the other is the Bid price(Sell). As for buying or selling better, is best to stay with the trend( The trend is your friend). As for doing either I do both on news days. Like today. Place 2 orders place your stops and limits and wait for the news and the reaction to it.Crawl, Walk, Run. Sen. Clay Davis _ The Wire